Overview
What is Community Housing Development Corp Of North Richmond?
Community Housing Development Corp of North Richmond is a nonprofit organization committed to addressing the need for affordable housing. Their primary mission involves constructing low-income housing projects and offering assistance to first-time homebuyers who fall under the low-income category, enabling them to purchase their first homes. By taking on this responsibility, the organization seeks to contribute positively to the community by ensuring that housing remains accessible and affordable for those who need it most.
Official website here: www.communityhdc.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)**
Community Housing Development Corp Of North Richmond has received an 88% rating from Charity Navigator, reflecting strong performance largely in the areas of Accountability & Finance. The organization boasts a fully independent board and maintains transparency through comprehensive financial oversight and policies to prevent conflicts of interest.
The charity has a solid financial management framework, evidenced by its high scores in key metrics such as the liabilities to assets ratio and program expense ratio. However, while most accountability measures are well-handled, the absence of a document retention and destruction policy, as well as missing tax documents on their website, highlights areas for further improvement.
User reviews from GreatNonprofits could not be obtained, limiting insights into public perception of their day-to-day operations and community impact. Overall, the organization presents a commendable financial picture, although greater public feedback would enrich understanding of its effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Community Housing Development Corp Of North Richmond legitimate?
Community Housing Development Corp Of North Richmond is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Development Corp Of North Richmond 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: $289,547
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,550,994
For more financial information, click here
Official website here: www.communityhdc.org
What is the mission statement of Community Housing Development Corp Of North Richmond?
The Community Housing Development Corp of North Richmond, in its mission, focuses on constructing affordable housing projects for individuals with low income. Additionally, the organization aids first-time homebuyers in their quest to purchase their first homes, furthering their commitment to providing affordable housing options. In essence, the corporation's primary goal is to make housing more accessible for those with limited financial resources.
Official website here: www.communityhdc.org
What is the revenue of Community Housing Development Corp Of North Richmond?
Community Housing Development Corp Of North Richmond's revenue in 2023 was $18,670,692.
Official website here: www.communityhdc.org
Who are the executives of Community Housing Development Corp Of North Richmond and what are their salaries?
The average compensation at Community Housing Development Corp Of North Richmond during 2023 was $67,378. There are 57 employees and 1 volunteer at Community Housing Development Corp Of North Richmond.
Here are 19 key members and their salaries:
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- Compensation: $145,390
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- Compensation: $145,334
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Official website here: www.communityhdc.org
Where can I find the form 990 for Community Housing Development Corp Of North Richmond?
Community Housing Development Corp Of North Richmond's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.communityhdc.org
Learn more at the official website: www.communityhdc.org
Mission Statement of Community Housing Development Corp Of North Richmond
Community Housing Development Corp of North Richmond is committed to providing affordable housing solutions. As part of its mission, this nonprofit organization constructs low-income housing projects and offers assistance to first-time homebuyers who fall under the low-income bracket, helping them purchase their first homes. By doing so, Community Housing Development Corp of North Richmond contributes to making housing more accessible and affordable for individuals who may otherwise struggle to secure a place to live. The organization's efforts aim to bridge the gap in housing affordability, ensuring that everyone has a decent place to call home.
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Impact
July, 2024
Community Housing Development Corp of North Richmond has a significant impact on the local community by providing low-income housing options and assisting first-time low-income homebuyers in purchasing their first homes. Through their construction projects and support programs, they contribute to addressing affordable housing challenges in Richmond, CA, thereby improving the quality of life for individuals and families in need.
This information is meant to be a general summary of Community Housing Development Corp Of North Richmond. 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 2023.
- Investment Income: $66,417
- Program Service Revenue: $8,220,993
- Gross Receipts: $18,670,692
Assets and Liabilities:
- Total Assets: $50,836,363
- Total Liabilities: $25,839,460
- Net Assets: $24,996,903
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$6,506,443
MANAGEMENT FEES
Revenue
$1,714,550
Organization Details
Founding Year
1990
Principal Officer
Donald A Gilmore
Website
www.communityhdc.orgNTEE Category
Code: Z99Z - Unknown
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