Overview
What is Contemporary Housing Alternatives Of Florida Inc?
Contemporary Housing Alternatives Of Florida Inc, based in Clearwater, Florida, is a designated Community Housing Development Organization by Pinellas County's Community Development and Housing Division. Their primary mission is to promote urban revitalization by providing affordable, vibrant, multi-family housing for low- and moderate-income individuals and families. They currently manage over 600 rental units in various stages of development or rehabilitation, with several new projects in the acquisition or planning stages. With a focus on quality affordable housing, their mission extends beyond providing homes; they strive to improve the livelihoods of their residents in Pinellas County. As of now, they employ a team of 32 individuals to fulfill this mission.
Official website here: www.chafproperties.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star Rating) - Charity Navigator
Contemporary Housing Alternatives Of Florida Inc has earned a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 66%. The organization demonstrates a commitment to accountability with an independently governed board comprising 100% independent members, which is a notable strength. However, the absence of financial statement reviews or compilations significantly impacts their score, alongside a concerning liabilities to assets ratio of 108.18%, suggesting financial challenges that warrant further scrutiny.
In terms of policies, the organization has established clear frameworks for conflict of interest, whistleblower protections, and document retention. Additionally, its program expense ratio is strong at 94.51%, indicating that a significant portion of its resources is directed toward programs rather than administrative costs, which is a positive sign for potential donors.
User reviews from GreatNonprofits could not be retrieved, so there is no summary of public sentiment available at this time. Overall, while there are commendable aspects of Contemporary Housing Alternatives Of Florida Inc, including its governance structure and program focus, financial stability issues raise concerns that prospective supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Contemporary Housing Alternatives Of Florida Inc legitimate?
Contemporary Housing Alternatives Of Florida Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Contemporary Housing Alternatives Of Florida 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: $213,572
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,007,248
For more financial information, click here
Official website here: www.chafproperties.com
What is the mission statement of Contemporary Housing Alternatives Of Florida Inc?
Contemporary Housing Alternatives of Florida Inc's mission is centered around revitalizing urban areas by providing affordable and vibrant housing options for low- and moderate-income individuals and families. The organization offers rental units at or below market rates, catering to those who qualify. Designated as a Community Housing Development Organization, Contemporary Housing Alternatives is committed to developing affordable rental units in their local community, Pinellas County. Currently, they have over six hundred units occupied or in various stages of development or rehabilitation, with several new projects in the acquisition or planning stages.
Official website here: www.chafproperties.com
Who is the CEO of Contemporary Housing Alternatives Of Florida Inc?
Tracy L Mater is the Chairman of Contemporary Housing Alternatives Of Florida Inc.
Official website here: www.chafproperties.com
What is the revenue of Contemporary Housing Alternatives Of Florida Inc?
Contemporary Housing Alternatives Of Florida Inc's revenue in 2022 was $6,937,932.
Official website here: www.chafproperties.com
Who are the executives of Contemporary Housing Alternatives Of Florida Inc and what are their salaries?
The average compensation at Contemporary Housing Alternatives Of Florida Inc during 2022 was $38,151. There are 32 employees at Contemporary Housing Alternatives Of Florida Inc.
Here are 10 key members and their salaries:
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $400
- Related: $0
- Other: $0
- Compensation: $400
- Related: $0
- Other: $0
- Compensation: $400
- Related: $0
- Other: $0
- Compensation: $400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $91,260
- Related: $0
- Other: $3,909
- Compensation: $102,159
- Related: $0
- Other: $13,844
Official website here: www.chafproperties.com
Where can I find the form 990 for Contemporary Housing Alternatives Of Florida Inc?
Contemporary Housing Alternatives Of Florida Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chafproperties.com
Learn more at the official website: www.chafproperties.com
Mission Statement of Contemporary Housing Alternatives Of Florida Inc
Contemporary Housing Alternatives of Florida Inc is dedicated to revitalizing urban areas by offering affordable and vibrant multi-family housing units to low- and moderate-income individuals and families. Their mission is centered around providing a living space that promotes community, and they achieve this by offering rental units at or below market rates to those who qualify. As a designated Community Housing Development Organization by the Community Development and Housing Division of Pinellas County, Contemporary Housing Alternatives of Florida Inc is actively involved in the development of affordable rental units in the county. Currently, the organization manages over six hundred units, with several new projects in the acquisition or planning stages.
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Impact
July, 2024
Contemporary Housing Alternatives Of Florida Inc's impact lies in its commitment to providing quality affordable housing for low- and moderate-income persons in Pinellas County, Florida. With over six hundred units currently occupied or in various stages of development and rehabilitation, the organization plays a crucial role in addressing the housing needs of individuals and families in the community. By offering rental units at or below market rates, Contemporary Housing Alternatives Of Florida Inc contributes to urban revitalization efforts and helps improve the living conditions of those who qualify for their housing programs.
This information is meant to be a general summary of Contemporary Housing Alternatives Of Florida 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: $57,007
- Program Service Revenue: $6,130,925
- Gross Receipts: $8,094,320
Assets and Liabilities:
- Total Assets: $43,380,741
- Total Liabilities: $46,933,377
- Net Assets: -$3,552,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$6,063,277
TENANT FEES
Revenue
$104,325
MANAGEMENT FEES
Revenue
$17,861
HOUSING PARTNERSHIP
Revenue
-$54,538
Organization Details
Founding Year
1992
Phone
(727) 522-1504Principal Officer
Tracy L Mater
Main Address
5345 LAUREL PLACE, CLEARWATER, FL, 33760
Website
www.chafproperties.comNTEE Category
Code: L21 - Housing
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