Overview
What is Chattanooga Neighborhood Enterprise Inc?
Chattanooga Neighborhood Enterprise Inc, located at 1500 Chestnut Street Suite 102, Chattanooga, TN 37408, is a dedicated nonprofit organization. Their primary mission is to encourage home ownership and renovation by distributing below-market rate loans, constructing new housing units, and refurbishing existing ones. They strive to preserve, rehabilitate, and prevent the deterioration of rental units and single-family dwellings, promoting neighborhood revitalization and self-improvement projects. Additionally, they offer a training program for in-home maintenance and repair, with a focus on enforcing uniform building codes and eliminating substandard housing in Chattanooga and Hamilton County, Tennessee. With a workforce of 32 individuals, they are committed to improving the housing landscape of their community.
Official website here: www.cneinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
Chattanooga Neighborhood Enterprise Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The score is based solely on the Accountability & Finance beacon, highlighting the organization’s commitment to transparent operations and effective management of resources. A major contributing factor to this rating is the full independent status of its board members, which ensures unbiased oversight.
The organization excels in maintaining robust financial practices, demonstrated by a strong program expense ratio of 76.05%, indicating that a significant majority of funds are directed toward its programs and services. Additionally, it has established comprehensive policies for conflict of interest, whistleblower protection, and document retention. This level of diligence fosters trust and confidence among donors and stakeholders.
While the organization shows no material diversion of assets and has a favorable liabilities-to-assets ratio, it is important for prospective supporters to recognize that, despite these strengths, continuous monitoring of financial health and program effectiveness remains essential to sustain its operations and impact. Overall, Chattanooga Neighborhood Enterprise Inc stands out as a responsible and well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Chattanooga Neighborhood Enterprise Inc legitimate?
Chattanooga Neighborhood Enterprise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chattanooga Neighborhood Enterprise 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: $324,418
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,225,110
For more financial information, click here
Official website here: www.cneinc.org
What is the mission statement of Chattanooga Neighborhood Enterprise Inc?
Chattanooga Neighborhood Enterprise Inc's mission is centered around preserving and rehabilitating rental properties and single-family homes, as well as encouraging home ownership and renovation through the provision of below-market loans. The organization also develops a training program for in-home maintenance and repair, promotes neighborhood beautification and self-improvement projects, and advocates for neighborhood revitalization. In addition, they work towards enforcing uniform building codes and eliminating substandard housing in their community.
Official website here: www.cneinc.org
Who is the CEO of Chattanooga Neighborhood Enterprise Inc?
Martina Guilfoil is the Executive Director of Chattanooga Neighborhood Enterprise Inc.
Official website here: www.cneinc.org
What is the revenue of Chattanooga Neighborhood Enterprise Inc?
Chattanooga Neighborhood Enterprise Inc's revenue in 2022 was $4,089,367.
Official website here: www.cneinc.org
Who are the executives of Chattanooga Neighborhood Enterprise Inc and what are their salaries?
The average compensation at Chattanooga Neighborhood Enterprise Inc during 2022 was $48,423. There are 32 employees and 120 volunteers at Chattanooga Neighborhood Enterprise Inc.
Here are 19 key members and their salaries:
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- Compensation: $103,666
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- Other: $10,427
- Compensation: $142,959
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- Other: $14,118
Official website here: www.cneinc.org
Where can I find the form 990 for Chattanooga Neighborhood Enterprise Inc?
Chattanooga Neighborhood Enterprise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cneinc.org
Learn more at the official website: www.cneinc.org
Mission Statement of Chattanooga Neighborhood Enterprise Inc
Chattanooga Neighborhood Enterprise Inc, a nonprofit organization, is dedicated to encouraging home ownership and rehabilitation in various communities. They accomplish this by issuing below-market rate loans, constructing new housing units, and rehabilitating existing ones. Beyond financing, the organization also works towards preserving and rehabilitating rental units and single-family dwellings. Their mission extends to encouraging home ownership through financial assistance and promoting neighborhood revitalization. They further support this by developing a training program for in-home maintenance and repair, promoting neighborhood beautification and self-improvement projects, and enforcing uniform building codes to eliminate substandard housing. In essence, Chattanooga Neighborhood Enterprise Inc is committed to improving the quality of housing and fostering community development.
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Impact
July, 2024
Chattanooga Neighborhood Enterprise Inc's impact includes preserving, rehabilitating, and preventing deterioration of rental units and single-family dwellings. They encourage home ownership and rehabilitation through below-market loans, develop training programs for in-home maintenance and repair, promote neighborhood beautification and self-improvement projects, revitalize neighborhoods, and enforce uniform building codes to eliminate substandard housing in Chattanooga and Hamilton County, Tennessee.
This information is meant to be a general summary of Chattanooga Neighborhood Enterprise 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.
- Program Service Revenue: $1,337,726
- Gross Receipts: $4,089,367
Assets and Liabilities:
- Total Assets: $25,801,135
- Total Liabilities: $12,651,499
- Net Assets: $13,149,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOMEOWNERSHIP PRESERVA
Revenue
$895,522
LENDING AND LOAN ORIGI
Revenue
$379,385
NEIGHBORHOOD ENGAGEMEN
Revenue
$42,081
HOMEOWNERSHIP PROMOTIO
Revenue
$20,738
Organization Details
Founding Year
1986
Phone
(423) 756-6201Principal Officer
Martina Guilfoil
Main Address
1500 CHESTNUT STREET SUITE 102, CHATTANOOGA, TN, 37408
Website
www.cneinc.orgNTEE Category
Code: L200 - Housing
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