Overview
What is Cha Community Support Corporation?
Cha Community Support Corporation, based in Chicago, Illinois, is a nonprofit organization that focuses on alleviating the burden on local government and serving the underprivileged. Their primary mission involves promoting community health and welfare, as well as constructing and developing affordable housing. The majority of their expenses have been directed towards the construction of the Altgeld Family Resource Center. The organization's primary activity, as mentioned, is to fund, construct, and own this facility. Their work contributes to the well-being of their community by providing essential resources and housing opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
Cha Community Support Corporation has received a One-Star out of Four Star rating from Charity Navigator, reflecting a score of 59%. This rating indicates significant concerns regarding the organization’s financial accountability and governance. The lack of independent board members raises questions about oversight, which is critical for effective nonprofit management.
On a positive note, the organization demonstrates strong program expenses, allocating nearly 97% of its budget directly to its mission-related activities. Additionally, it adheres to essential policies, such as conflict of interest and whistleblower protections, which are crucial for ethical operations. However, the absence of a publicly accessible website and the failure to meet transparency standards for board governance detract from its overall accountability.
The organization faces challenges in managing its liabilities, with a high liabilities-to-assets ratio of over 90%. This could potentially impact its financial stability and long-term viability. While Cha Community Support Corporation shows commitment to its mission, improving its governance practices and financial transparency would enhance its credibility and effectiveness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Cha Community Support Corporation legitimate?
Cha Community Support Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cha Community Support 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cha Community Support Corporation?
The Cha Community Support Corporation was established with the purpose of alleviating the responsibilities of the government, particularly in Chicago and the Chicago Housing Authority. Its primary objective is to aid the underprivileged, distressed, and impoverished individuals. Additionally, the organization aims to enhance the health and social welfare of communities. Furthermore, CHACSC is dedicated to the rehabilitation, construction, and development of affordable housing.
Who is the CEO of Cha Community Support Corporation?
Ann Mckenzie is the President of Cha Community Support Corporation.
What is the revenue of Cha Community Support Corporation?
Cha Community Support Corporation's revenue in 2022 was $121,183.
Who are the executives of Cha Community Support Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $159,993
- Other: $35,719
- Compensation: $0
- Related: $145,152
- Other: $33,856
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cha Community Support Corporation?
Cha Community Support Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cha Community Support Corporation
Cha Community Support Corporation, established with a mission, aims to alleviate the responsibilities of the City of Chicago and the Chicago Housing Authority. Their primary objective is to offer aid to the impoverished, distressed, and underprivileged individuals. Additionally, they strive to enhance the health and social well-being of communities. Lastly, they are dedicated to the rehabilitation, construction, and development of affordable housing. In essence, Cha Community Support Corporation is committed to reducing government burdens, providing relief to the needy, and uplifting communities, all while focusing on affordable housing solutions.
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Impact
October, 2024
Cha Community Support Corporation significantly impacts the City of Chicago by addressing critical community needs and enhancing the quality of life for its residents. By focusing on affordable housing and community resources, the organization works to alleviate the pressures on local government and the Chicago Housing Authority while providing essential support to those who are poor, distressed, or underprivileged.
One of the key initiatives is the Altgeld Family Resource Center, which serves as a hub for various services and programs aimed at promoting health and social welfare within the community. The center not only provides access to vital resources but also fosters a sense of community engagement and support among residents.
Through its efforts, Cha Community Support Corporation plays a vital role in the rehabilitation and development of affordable housing, ensuring that families have access to safe and stable living environments. This commitment not only alleviates immediate housing concerns but also contributes to the long-term well-being of the community, empowering individuals and families to thrive.
This information is meant to be a general summary of Cha Community Support 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: $192
- Program Service Revenue: $120,991
- Gross Receipts: $121,183
Assets and Liabilities:
- Total Assets: $27,028,230
- Total Liabilities: $24,406,500
- Net Assets: $2,621,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income - Lease
Revenue
$120,991
Organization Details
Founding Year
2018
Phone
(312) 913-7656Principal Officer
Ann Mckenzie
Main Address
60 E VAN BUREN 12TH FLOOR, CHICAGO, IL, 60605
NTEE Category
Code: L19 - Housing
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