Overview
What is Catholic Housing Initiatives Inc?
Catholic Housing Initiatives Inc, located in Smyrna, Georgia, is a nonprofit organization committed to providing affordable housing for low-income individuals and families. They operate St. Joseph's Place, a 48-unit apartment complex, under the US Department of Housing and Urban Development's Section 202 Housing Program. The organization's mission is to develop, own, operate, and maintain decent, safe, and affordable housing facilities for low-income families, contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Catholic Housing Initiatives Inc has received a commendable Four-Star rating from Charity Navigator, reflecting strong performance in its accountability and finance practices. The organization achieved a perfect score in several critical areas, indicating robust governance and transparency. The high rating signifies that donors can trust the organization to manage funds responsibly and effectively.
The charity scored 100% in program expense ratio, demonstrating that all of its expenditures are directed towards its mission of providing housing assistance. Furthermore, the organization boasts a fully independent board, which enhances its oversight and decision-making processes. The absence of any material diversion of assets and the presence of thorough policies for conflict of interest and document retention further solidify its financial integrity.
Despite these strengths, the rating is primarily based on financial accountability, and there may be limited information available regarding the organization's programmatic impact or effectiveness. Nonetheless, the high score reflects a solid foundation for potential donors who prioritize fiscal responsibility in their charitable giving.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Housing Initiatives Inc legitimate?
Catholic Housing Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Housing Initiatives Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
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What is the mission statement of Catholic Housing Initiatives Inc?
Catholic Housing Initiatives Inc is committed to developing, owning, operating, and maintaining decent, safe, and affordable housing facilities for low-income families. Their primary objective is to provide such accommodations, ensuring they meet the necessary standards. One of their notable projects includes the operation and maintenance of a 48-unit apartment complex named St. Joseph's Place, offering affordable housing for low-income individuals and families, in accordance with the US Department of Housing and Urban Development's Section 202 Housing Program.
Who is the CEO of Catholic Housing Initiatives Inc?
Vanessa Russell is the President & Board Member of Catholic Housing Initiatives Inc.
What is the revenue of Catholic Housing Initiatives Inc?
Catholic Housing Initiatives Inc's revenue in 2022 was $48,266.
Who are the executives of Catholic Housing Initiatives Inc and what are their salaries?
There 3 volunteers at Catholic Housing Initiatives Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Catholic Housing Initiatives Inc?
Catholic Housing Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Catholic Housing Initiatives Inc
Catholic Housing Initiatives Inc is dedicated to developing, owning, operating, and maintaining decent, safe, and affordable housing facilities for low-income families. Their mission is to provide a living space that is within reach for individuals and families who may struggle financially. This mission is demonstrated through the operation and maintenance of a 48-unit apartment complex, known as St. Joseph's Place. This housing facility, in accordance with the US Department of Housing and Urban Development's Section 202 Housing Program, offers affordable housing solutions for low-income individuals and families. Catholic Housing Initiatives Inc strives to ensure that every family has access to a secure and affordable home, contributing to their overall well-being and stability.
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Impact
August, 2024
Catholic Housing Initiatives Inc's impact lies in its commitment to developing, owning, operating, and maintaining decent, safe, and affordable housing facilities for low-income families. Through its operation and maintenance of a 48-unit apartment complex known as St. Joseph's Place in Smyrna, GA, this organization provides much-needed affordable housing for low-income individuals and families in accordance with the US Department of Housing and Urban Development's Section 202 Housing Program. By focusing on this mission, Catholic Housing Initiatives Inc plays a crucial role in addressing the housing needs of vulnerable populations and contributing to community development.
This information is meant to be a general summary of Catholic Housing Initiatives Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,632
- Program Service Revenue: $42,634
- Gross Receipts: $48,266
Assets and Liabilities:
- Total Assets: $751,943
- Total Liabilities: $168,041
- Net Assets: $583,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$42,634
Organization Details
Founding Year
1988
Phone
(404) 888-7808Principal Officer
Vanessa Russell
Main Address
2401 LAKE PARK DRIVE SE, SMYRNA, GA, 30080
NTEE Category
Code: L21 - Housing
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