Overview
What is Community Affordable Residences Enterprise Inc?
Community Affordable Residences Enterprise Inc, also known as CARE Housing Inc, is a distinguished nonprofit organization situated in Fort Collins, Colorado. Established three decades ago, CARE Housing has made a significant impact by offering high-quality, affordable housing to local families, senior citizens, and individuals with disabilities who fall within the income bracket of 30% to 60% of the area's median income. The organization's mission is to foster an equitable and just community, striving to provide not just housing but also transformative resident services. By doing so, CARE Housing strives to ensure that an affordable home becomes a reality for everyone in the community. The organization employs a team of 30 dedicated individuals.
Official website here: www.carehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Community Affordable Residences Enterprise Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a commendable level of accountability and financial management. The 88% score indicates strong practices, particularly in their independent board composition and financial oversight, where they earned full points. Their commitment to transparency is evident through policies on conflicts of interest and whistleblowing, which are well established and documented.
A notable strength of the organization lies in its independent governance; all board members are independent, ensuring unbiased decision-making. Furthermore, the organization effectively manages its liabilities, with a low liabilities-to-assets ratio, demonstrating financial stability. The presence of an audit and oversight committee adds an extra layer of confidence in their financial practices.
However, while their program expense ratio stands at 63.53%, it suggests that there may be room for improvement in allocating more funds directly to programs rather than administrative costs. This aspect could be a focal point for future enhancements to ensure that a higher percentage of donations goes towards the mission-driven activities of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Community Affordable Residences Enterprise Inc legitimate?
Community Affordable Residences Enterprise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Affordable Residences 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: $125,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $679,756
For more financial information, click here
Official website here: www.carehousing.org
What is the mission statement of Community Affordable Residences Enterprise Inc?
Community Affordable Residences Enterprise Inc's mission is centered around establishing an equitable and just community. They achieve this by providing high-quality affordable housing and transformative resident services. The organization envisions a community where everyone has access to an affordable home, regardless of their income level. For three decades, CARE Housing has been recognized as a pioneer and provider of affordable housing for families, senior citizens, and individuals with disabilities in the Fort Collins area, falling within the income bracket of 30% to 60% of the area's median income.
Official website here: www.carehousing.org
Who is the CEO of Community Affordable Residences Enterprise Inc?
Stephen Kuehneman is the President (Jan-Nov)/Vp(Dec) of Community Affordable Residences Enterprise Inc.
Official website here: www.carehousing.org
What is the revenue of Community Affordable Residences Enterprise Inc?
Community Affordable Residences Enterprise Inc's revenue in 2022 was $3,158,604.
Official website here: www.carehousing.org
Who are the executives of Community Affordable Residences Enterprise Inc and what are their salaries?
The average compensation at Community Affordable Residences Enterprise Inc during 2022 was $26,856. There are 30 employees and 15 volunteers at Community Affordable Residences Enterprise Inc.
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- Compensation: $110,215
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- Other: $15,695
Official website here: www.carehousing.org
Where can I find the form 990 for Community Affordable Residences Enterprise Inc?
Community Affordable Residences Enterprise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carehousing.org
Learn more at the official website: www.carehousing.org
Mission Statement of Community Affordable Residences Enterprise Inc
Community Affordable Residences Enterprise Inc, or CARE Housing, is committed to establishing a fair and just community by providing top-notch affordable housing and impactful resident services. The organization's vision is to ensure that an affordable living space is within reach for everyone in the community. For the past three decades, CARE Housing has been celebrated as a pioneer and supplier of affordable housing for hardworking families, elderly individuals, and individuals with disabilities in the Fort Collins area. These individuals fall within the income bracket of 30% to 60% of the area's median income.
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Impact
July, 2024
Community Affordable Residences Enterprise Inc, also known as CARE Housing, has had a significant impact on the Fort Collins area by creating an equitable and just community through high-quality affordable housing and transformative resident services. For the past 30 years, CARE Housing has been a recognized leader in providing quality affordable housing for working families, senior citizens, and individuals with disabilities who earn between 30% and 60% of the area's median income.
Their mission to create an equitable and just community through affordable housing aligns with their vision of ensuring that everyone has access to affordable housing. By offering affordable homes to those in need, CARE Housing is making a tangible difference in the lives of community members and contributing to the overall well-being of Fort Collins.
Through their commitment to providing quality affordable housing and transformative resident services, CARE Housing is not only addressing the issue of housing affordability but also working towards creating a more inclusive and supportive community for all residents. Their impact can be seen through the positive changes in the lives of those who have benefited from their services and the broader community as a whole.
This information is meant to be a general summary of Community Affordable Residences 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.
- Investment Income: $1,176
- Program Service Revenue: $1,590,766
- Gross Receipts: $3,158,604
Assets and Liabilities:
- Total Assets: $18,639,733
- Total Liabilities: $3,256,995
- Net Assets: $15,382,738
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest Income
Revenue
$395,619
Maintenance and Admin
Revenue
$287,641
Property Managment Fee
Revenue
$286,710
Developer Fees
Revenue
$224,280
Partnership Fees
Revenue
$195,441
Organization Details
Founding Year
1992
Phone
(970) 282-7522Principal Officer
Stephen Kuehneman
Main Address
1303 W Swallow Rd Bldg 11, Fort Collins, CO, 80526
Website
www.carehousing.orgNTEE Category
Code: L20Z - Housing
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