Overview
What is Chattanooga Community Housing Development Organization Inc?
Chattanooga Community Housing Development Organization Inc is a nonprofit institution situated in Chattanooga, Tennessee, specifically at 1272 Market Street. Their primary objective is to ensure the provision of decent and affordable housing for families with low and moderate incomes. They achieve this goal by purchasing, developing, and either selling or renting properties. The organization also manages a roof repair program, offering assistance to families with limited financial resources. Funding for these initiatives comes from various federal, state, local, and private resources. With a team of two dedicated individuals, Chattanooga Community Housing Development Organization Inc plays a crucial role in addressing housing needs within the community.
Official website here: www.cchdo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This rating indicates that the Chattanooga Community Housing Development Organization Inc demonstrates a satisfactory level of accountability and financial health, with the score primarily reflecting its performance in financial management.
The organization has achieved a perfect score in several key areas, including 100% independent board members and no material diversion of assets. Additionally, it maintains transparency through the availability of essential policies, such as conflict of interest and whistleblower policies, which are critical for maintaining trust and integrity within the nonprofit sector.
However, while the organization shows strong financial ratios, including a program expense ratio of 74.23%, implying that a significant portion of its expenses is directed toward its programs, using a single beacon score limits the overall evaluation. Prospective donors may want to consider this aspect along with additional qualitative factors before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Chattanooga Community Housing Development Organization Inc legitimate?
Chattanooga Community Housing Development Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chattanooga Community Housing Development Organization 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: $155,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cchdo.org
What is the mission statement of Chattanooga Community Housing Development Organization Inc?
The Chattanooga Community Housing Development Organization Inc's mission is centered around providing affordable housing options for families with lower and moderate incomes. They achieve this objective by leveraging various funding sources at the federal, state, local, and private levels. The organization engages in real estate purchases and development to create decent and affordable living spaces for these families. Properties are either sold or rented out, depending on the needs. Additionally, the organization runs a roof repair program aimed at benefiting families with modest incomes.
Official website here: www.cchdo.org
What is the revenue of Chattanooga Community Housing Development Organization Inc?
Chattanooga Community Housing Development Organization Inc's revenue in 2024 was $420,375.
Official website here: www.cchdo.org
Who are the executives of Chattanooga Community Housing Development Organization Inc and what are their salaries?
The average compensation at Chattanooga Community Housing Development Organization Inc during 2024 was $77,964. There are 2 employees at Chattanooga Community Housing Development Organization Inc.
Here are 11 key members and their salaries:
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- Compensation: $102,022
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- Other: $7,605
- Compensation: $54,011
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- Other: $4,618
Official website here: www.cchdo.org
Where can I find the form 990 for Chattanooga Community Housing Development Organization Inc?
Chattanooga Community Housing Development Organization Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cchdo.org
Learn more at the official website: www.cchdo.org
Mission Statement of Chattanooga Community Housing Development Organization Inc
Chattanooga Community Housing Development Organization Inc is committed to providing affordable housing solutions for low and moderate-income families. Utilizing a variety of funding sources, including federal, state, local, and private ones, the organization engages in real estate purchasing and development to create decent, affordable housing options. Beyond property sales, the organization also offers rental opportunities, ensuring that a wide range of families can secure a place to call home. Furthermore, Chattanooga Community Housing Development Organization Inc operates a roof repair program, specifically designed to support families with low to moderate incomes. This program not only addresses the immediate housing needs of these families but also contributes to the overall maintenance and upkeep of their homes.
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Impact
July, 2024
Chattanooga Community Housing Development Organization Inc directly impacts the community by providing affordable housing options to low and moderate-income families. Through the acquisition and development of real estate, the organization offers decent affordable housing solutions that are crucial for families in need. Additionally, their roof repair program further benefits families with limited financial means, ensuring that their housing remains safe and habitable. By utilizing various funding sources, including federal, state, local, and private funds, this organization plays a vital role in addressing housing affordability issues in Chattanooga, TN.
This information is meant to be a general summary of Chattanooga Community Housing Development Organization 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 2024.
- Program Service Revenue: $81,254
- Gross Receipts: $915,855
Assets and Liabilities:
- Total Assets: $1,281,734
- Total Liabilities: $113,540
- Net Assets: $1,168,194
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME-PROGRAM
Revenue
$61,210
INTEREST
Revenue
$11,859
DEVELOPMENT FEE INCOME
Revenue
$8,185
Organization Details
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