Overview
What is Community Housing Services Agency Inc?
Community Housing Services Agency Inc is a nonprofit organization dedicated to developing, implementing, and managing various housing programs. Acting as a community development financial institution, they provide financing and expert assistance to individuals and businesses. Their mission is focused on enhancing and preserving real estate, workforce, and affordable housing opportunities in disadvantaged communities, particularly those in Chatham County. In 2022 alone, they successfully closed thirteen new loans.
Official website here: www.chsainc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Community Housing Services Agency Inc has received an 87% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a fully independent board and has demonstrated a high level of financial oversight, with no material diversion of assets. However, the absence of key policies such as conflict of interest and whistleblower protections raises some concerns regarding governance practices.
In terms of program effectiveness, the organization shows a remarkable program expense ratio of 100%, suggesting that all funds are directed towards its mission. Additionally, the agency maintains an impressive working capital ratio, indicating its financial stability. Despite these strengths, the fundraising efficiency ratio could be improved, as it currently stands at $0.002, suggesting challenges in fundraising efforts.
The agency has performed well in the culture and community aspect, scoring 87%. It effectively collects and utilizes feedback from constituents, reflecting a responsive approach to community needs. Although there are areas for improvement in equity strategies and policy development, the organization's commitment to transparency and community engagement is evident.
This AI summary has been generated from information found on Charity Navigator.
Is Community Housing Services Agency Inc legitimate?
Community Housing Services Agency Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Services Agency 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $166,872
For more financial information, click here
Official website here: www.chsainc.org
What is the mission statement of Community Housing Services Agency Inc?
Community Housing Services Agency Inc is a community development financial institution that plays a crucial role in creating, improving, and retaining real estate, workforce, and affordable housing. Their mission revolves around providing financing and technical assistance to individuals and businesses, specifically in minority, low-income, and disinvested communities. Through their initiatives, they focus on enhancing the quality of life by developing and implementing various housing programs, contributing to the overall well-being of these communities. In 2022, they successfully closed thirteen new loans, marking their ongoing commitment to this cause.
Official website here: www.chsainc.org
Who is the CEO of Community Housing Services Agency Inc?
Deborah Wright is the Director of Community Housing Services Agency Inc.
Official website here: www.chsainc.org
What is the revenue of Community Housing Services Agency Inc?
Community Housing Services Agency Inc's revenue in 2022 was $11,944,758.
Official website here: www.chsainc.org
Who are the executives of Community Housing Services Agency Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.chsainc.org
Where can I find the form 990 for Community Housing Services Agency Inc?
Community Housing Services Agency Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chsainc.org
Learn more at the official website: www.chsainc.org
Mission Statement of Community Housing Services Agency Inc
Community Housing Services Agency, a community development financial institution, is dedicated to making a significant impact through the development, implementation, and operation of various housing programs. In simple terms, this organization's mission is to create, improve, and retain real estate, workforce, and affordable housing opportunities in communities that are minority, low-income, and disinvested.
Through its innovative financing and technical assistance initiatives, Community Housing Services Agency empowers individuals and businesses to make a difference in their neighborhoods. It is not just about constructing new buildings but also about revitalizing existing structures and fostering sustainable growth. By focusing on housing, the Agency aims to contribute to the overall well-being of the communities it serves.
In 2022, Community Housing Services Agency closed thirteen new loans, demonstrating its unwavering commitment to its mission. This achievement underscores the Agency's ability to create opportunities for change and transformation, one loan at a time. Through its tireless efforts, the Agency is paving the way for a brighter future for those in need, making a tangible difference in the lives of countless individuals and families.
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Impact
October, 2024
Community Housing Services Agency Inc plays a vital role in enhancing the residential landscape of Savannah, GA, particularly in minority and low-income communities. By developing, implementing, and operating various housing programs, the agency addresses critical housing needs and fosters community stability. In 2022, it successfully closed thirteen new loans, enabling individuals and businesses to access necessary financing and technical assistance.
Through its initiatives, the agency focuses on creating, improving, and retaining workforce and affordable housing, which is essential for the economic growth and empowerment of marginalized groups. By investing in community development, it not only improves living conditions but also promotes local economic activity, thereby strengthening the overall fabric of Chatham County. This impact is especially significant in disinvested areas where access to affordable housing can change the trajectory of families and neighborhoods alike.
This information is meant to be a general summary of Community Housing Services Agency 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: $153,146
- Program Service Revenue: $1,377,502
- Gross Receipts: $11,944,758
Assets and Liabilities:
- Total Assets: $14,509,627
- Total Liabilities: $432,606
- Net Assets: $14,077,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$1,109,138
SAHF- MEMORIAL HEALTH
Revenue
$96,050
INTEREST ON LOANS & FEES
Revenue
$93,610
SAHF- ST JOSEPHS
Revenue
$78,704
Organization Details
Founding Year
1989
Phone
(912) 651-2169Principal Officer
Deborah Wright
Main Address
5515 ABERCORN STREET, SAVANNAH, GA, 31405
Website
www.chsainc.orgNTEE Category
Code: L25I - Housing
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