Overview
What is Clearwater Neighborhood Housing Services Inc?
Clearwater Neighborhood Housing Services Inc is a nonprofit organization situated in Clearwater, Florida, dedicated to revitalizing its local communities. Their mission encompasses promoting home ownership, housing rehabilitation, education, and economic development. The organization's success is due to collaborative partnerships with local governments, NeighborWorks America, Pinnellas County, the financial and business community, residents, and other partners. They offer free homebuyer education classes to first-time homebuyers, providing essential information about the home-buying process, creating informed consumers, and responsible homeowners. In addition, they provide down payment and closing assistance programs, home repair loans for income-eligible households, and foreclosure counseling to support homeowners in need. Their activities are funded through contributions, grants, and contracts, aiming to improve the quality of life in the neighborhoods they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
Clearwater Neighborhood Housing Services Inc has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting significant shortcomings in its accountability and financial practices. With an overall score of 27%, the organization demonstrates a lack of transparency and fails to meet essential financial reporting requirements. Key areas of concern include missing financial statements and a lack of critical governance policies, which are vital for building trust with donors and stakeholders.
Despite having a fully independent board, which scored well on independence and size, the organization has notable weaknesses in its financial management and oversight. For instance, it received zero points in several categories, including financial statements and essential policies like conflict of interest and whistleblower protections. The liabilities to assets ratio and program expense ratio also indicate potential financial instability and inefficiency in resource allocation.
Ultimately, while Clearwater Neighborhood Housing Services Inc has a dedicated board structure, its poor performance in financial accountability and transparency raises concerns about its operational integrity and capacity to effectively serve its community. Addressing these weaknesses will be crucial for improving its rating and restoring trust with supporters and beneficiaries alike.
This AI summary has been generated from information found on Charity Navigator.
Is Clearwater Neighborhood Housing Services Inc legitimate?
Clearwater Neighborhood Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clearwater Neighborhood Housing Services 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: $109,558
Professional Fundraising Fees: $0
Other Salaries and Wages: $668,196
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What is the mission statement of Clearwater Neighborhood Housing Services Inc?
Clearwater Neighborhood Housing Services Inc's mission is centered around revitalizing communities through home ownership, older home rehabilitation, and local economic development projects. Their objective is to enhance the quality of life in the neighborhoods they serve by promoting revitalization through these methods. The organization achieves its mission through partnerships with various entities, including local governments, NeighborWorks America, Pinellas County, the financial and business community, and residents. They offer free homebuyer education classes to prospective first-time homebuyers and provide down payment and closing assistance to eligible applicants. Additionally, they offer loan programs for income-eligible households to help rehabilitate their homes and provide foreclosure counseling to homeowners in need.
Who is the CEO of Clearwater Neighborhood Housing Services Inc?
Efrain Cornier Jr is the Director of Clearwater Neighborhood Housing Services Inc.
What is the revenue of Clearwater Neighborhood Housing Services Inc?
Clearwater Neighborhood Housing Services Inc's revenue in 2022 was $1,738,042.
Who are the executives of Clearwater Neighborhood Housing Services Inc and what are their salaries?
The average compensation at Clearwater Neighborhood Housing Services Inc during 2022 was $45,750. There are 17 employees at Clearwater Neighborhood Housing Services Inc.
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Where can I find the form 990 for Clearwater Neighborhood Housing Services Inc?
Clearwater Neighborhood Housing Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clearwater Neighborhood Housing Services Inc
Clearwater Neighborhood Housing Services Inc, a community development organization, strives to enhance the quality of life in the neighborhoods it serves. Its mission is to revitalize these communities through various means, including promoting home ownership, housing rehabilitation, education, and economic development. The organization achieves this by partnering with local governments, NeighborWorks America, Pinellas County, the financial and business community, and residents, among others.
Clearwater Neighborhood Housing Services Inc's activities are funded through contributions, grants, and contracts. The organization offers free homebuyer education classes to prospective first-time homebuyers, aiming to provide them with essential information about the home-buying process and create better-informed consumers and responsible homeowners. In addition, it provides down payment and closing assistance programs, helping eligible applicants secure home ownership.
Furthermore, the organization offers a home repair program, providing loans to income-eligible households to help rehabilitate their homes. Rehabilitation plans must address all code-related repairs and health and safety issues found in the house. Clearwater Neighborhood Housing Services Inc also offers foreclosure counseling to homeowners in urgent need, providing outreach, education, counseling, and mediation assistance to help them manage their mortgage payments and address underlying issues.
In essence, Clearwater Neighborhood Housing Services Inc is dedicated to improving the lives of individuals and families in the neighborhoods it serves through homeownership, housing rehabilitation, education, and economic development initiatives. Its mission is to revitalize these communities and enhance the quality of life for its residents.
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Impact
July, 2024
Clearwater Neighborhood Housing Services Inc's impact is significant in revitalizing the Tampa Bay area through home ownership, rehabilitation of older homes, and other local economic development projects. The organization's work is focused on promoting community development by advocating for home ownership, housing rehabilitation, education, and economic development. Through partnerships with local governments, NeighborWorks America, Pinellas County, the financial and business community, as well as residents and other stakeholders, CNHS has been able to successfully carry out its mission.
CNHS offers various programs to support its objectives, such as homebuyer education classes, down payment/closing assistance programs, home repair assistance, and foreclosure counseling. These programs not only help individuals in the community become better informed consumers and responsible homeowners but also provide crucial support to those in urgent need of foreclosure counseling and assistance to address underlying issues affecting their ability to make timely monthly mortgage payments.
The organization's activities are funded through contributions, grants, and contracts, enabling them to continue promoting revitalization and improving the quality of life in the neighborhoods they serve. Overall, Clearwater Neighborhood Housing Services Inc's impact is instrumental in fostering neighborhood revitalization, homeownership, and economic development in Clearwater, Florida.
This information is meant to be a general summary of Clearwater Neighborhood Housing Services 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: $3,754
- Program Service Revenue: $255,298
- Gross Receipts: $1,920,913
Assets and Liabilities:
- Total Assets: $2,174,030
- Total Liabilities: $720,985
- Net Assets: $1,453,045
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$172,739
RENTAL
Revenue
$82,559
Organization Details
Founding Year
1979
Phone
(727) 442-4155Principal Officer
Efrain Cornier Jr
Main Address
608 N GARDEN AVE, CLEARWATER, FL, 33755
NTEE Category
Code: P82 - Human services
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