Overview
What is Central Arkansas Housing Corporation?
Central Arkansas Housing Corporation, situated in Little Rock, Arkansas, is a not-for-profit organization dedicated to developing and constructing affordable residential housing. Specifically, they focus on multi-family and single-family properties within the city of Little Rock and the broader Central Arkansas area. Their primary activity involves administering a rental assistance program on behalf of the City of Little Rock, aiming to support low-income residential properties. The organization's mission is to enhance the community by providing affordable housing options, demonstrating a strong commitment to making housing accessible for a wide range of individuals. With 18 employees, Central Arkansas Housing Corporation works tirelessly to rehabilitate and develop affordable housing, contributing to a more inclusive and equitable living environment. They play a vital role in addressing the housing needs of the community, ensuring that affordable options are available to those who require them. By doing so, they contribute to the overall well-being and quality of life for many residents in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 66% overall score)
The Central Arkansas Housing Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational transparency and financial reporting. While the organization demonstrates strong governance with 100% independent board members and a solid liabilities to assets ratio of 0.67%, it faces significant challenges due to missing financial statements and an absent website on its tax form.
Strengths include an effective conflict of interest policy and proper documentation of board meeting minutes, which may reflect good governance practices. However, the absence of a whistleblower policy and incomplete financial reporting raises concerns about accountability. The program expense ratio of 63.03% suggests a commitment to using funds for its core mission, but the overall lack of transparency in financial practices may detract from stakeholder confidence.
In summary, while the Central Arkansas Housing Corporation shows strong governance indicators, the shortcomings in financial documentation and transparency warrant attention. Addressing these issues could improve its rating and enhance trust among donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Central Arkansas Housing Corporation legitimate?
Central Arkansas Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Arkansas Housing Corporation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Central Arkansas Housing Corporation?
Central Arkansas Housing Corporation is a not-for-profit organization with a mission to develop, finance, and construct affordable multi-family and single-family residential housing. This corporation rehabilitates existing properties to provide affordable housing options, serving a broader community. In addition to its development activities, the corporation also administers a rental assistance program on behalf of a city, specifically assisting low-income residents in securing suitable housing.
Who is the CEO of Central Arkansas Housing Corporation?
Leta Anthony is the President of Central Arkansas Housing Corporation.
What is the revenue of Central Arkansas Housing Corporation?
Central Arkansas Housing Corporation's revenue in 2022 was $798,907.
Who are the executives of Central Arkansas Housing Corporation and what are their salaries?
There are 18 employees at Central Arkansas Housing Corporation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Central Arkansas Housing Corporation?
Central Arkansas Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Arkansas Housing Corporation
Central Arkansas Housing Corporation, a not-for-profit organization, is committed to rehabilitating and developing affordable rental housing. Established with the purpose of constructing and financing multi-family and single-family residential properties, this organization seeks to cater to the housing needs of individuals with limited income in Little Rock, Arkansas, and the wider Central Arkansas area. Beyond its developmental role, Central Arkansas Housing Corporation also administers a rental assistance program on behalf of the City of Little Rock, ensuring that low-income residential properties are maintained and managed effectively. By dedicating its efforts to this cause, the organization contributes significantly to the provision of affordable housing options, thereby enhancing the quality of life for those who require such assistance.
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Impact
July, 2024
Central Arkansas Housing Corporation's impact is significant in providing affordable rental housing options for low-income residents in Little Rock and the Central Arkansas area. By rehabilitating and developing affordable rental housing, they are addressing the critical need for accessible housing in the region. Additionally, their administration of rental assistance programs further supports low-income individuals and families in securing housing. Through their mission-driven work, Central Arkansas Housing Corporation plays a vital role in enhancing the quality of life for residents by ensuring they have safe and affordable housing options.
This information is meant to be a general summary of Central Arkansas Housing Corporation. 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: $69
- Program Service Revenue: $797,128
- Gross Receipts: $798,907
Assets and Liabilities:
- Total Assets: $18,412,843
- Total Liabilities: $123,378
- Net Assets: $18,289,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$683,636
DEVELOPMENT FEE INCOME
Revenue
$66,256
MANAGEMENT FEE
Revenue
$47,236
Organization Details
Founding Year
2006
Phone
(501) 340-4832Principal Officer
Leta Anthony
Main Address
100 ARCH STREET, LITTLE ROCK, AR, 72201
NTEE Category
Code: L21 - Housing
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