Overview
What is Community Housing Development Association Inc?
Community Housing Development Association Inc is a nonprofit organization situated in Greenwood Village, Colorado. Their primary focus is the development, ownership, and operation of affordable residential properties, catering to low-income and special needs populations in South Metro Denver. They have completed several such projects, including Presidential Arms, Lara Lea, Willow Street, Canterbury Apartments, Fox Street, Aspen Leaf, Regal Apartments, and Nine Mile Station Senior Living. The organization provides financial assistance through loans to acquire and renovate these properties. During the project rehabilitation phase, Community Housing Development Association Inc collects development fees. Furthermore, they offer administrative support during the property's operations. With a workforce of five individuals, the organization is committed to ensuring affordable housing is available for those in need.
Official website here: www.community-housing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Community Housing Development Association Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored 96% overall, demonstrating effective management and transparency in financial practices. This rating is based solely on the Accountability & Finance beacon, showcasing the organization's high standards in these areas.
One of the standout features of the association is its governance structure. It boasts a fully independent board, with all 13 members having no conflicts of interest, which enhances the organization's integrity. Additionally, it maintains robust financial oversight through an audit committee, and its financial statements are well-audited and accessible to the public, ensuring trust among stakeholders.
Despite the high rating, it is essential to consider the organization's focus on financial metrics, which may not provide a complete picture of its overall impact and effectiveness in fulfilling its mission. Nevertheless, the Community Housing Development Association Inc is recognized for maintaining a healthy balance sheet, as evidenced by its low liabilities to assets ratio and a significant portion of its expenses directed towards programs, indicating a strong focus on service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Community Housing Development Association Inc legitimate?
Community Housing Development Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Development Association 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: $285,435
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.community-housing.org
What is the mission statement of Community Housing Development Association Inc?
Community Housing Development Association Inc's mission is centered around developing, owning, and operating affordable housing for low-income and special needs populations. The organization's primary goal is to provide a living space that is within reach for individuals who may not otherwise be able to afford it. This commitment extends to several properties, such as Presidential Arms, Lara Lea, Willow Street, Canterbury Apartments, Fox Street, Aspen Leaf, Regal Apartments, and Nine Mile Station Senior Living. To facilitate this, the association provides financial assistance through loans for the acquisition and rehabilitation of these properties. During the rehabilitation process, the organization also collects development fees. Once the properties are operational, it offers administrative support to ensure their smooth running.
Official website here: www.community-housing.org
Who is the CEO of Community Housing Development Association Inc?
Jo Davidson is the Executive Dir. of Community Housing Development Association Inc.
Official website here: www.community-housing.org
What is the revenue of Community Housing Development Association Inc?
Community Housing Development Association Inc's revenue in 2022 was $656,022.
Official website here: www.community-housing.org
Who are the executives of Community Housing Development Association Inc and what are their salaries?
The average compensation at Community Housing Development Association Inc during 2022 was $57,087. There are 5 employees at Community Housing Development Association Inc.
Here are 14 key members and their salaries:
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Official website here: www.community-housing.org
Where can I find the form 990 for Community Housing Development Association Inc?
Community Housing Development Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.community-housing.org
Learn more at the official website: www.community-housing.org
Mission Statement of Community Housing Development Association Inc
Community Housing Development Association Inc, as a nonprofit organization, is committed to a mission of developing, owning, and operating affordable housing in South Metro Denver for low-income and special needs populations. The association focuses on acquiring, developing, and managing affordable residential properties to provide safe and affordable living spaces for those in need. Currently, the organization manages several completed housing projects, including Presidential Arms, Lara Lea, Willow Street, Canterbury Apartments, Fox Street, Aspen Leaf, Regal Apartments, and Nine Mile Station Senior Living. To support these properties, Community Housing Development Association Inc provides loans for acquisition and rehabilitation, collects development fees during project reconstruction, and offers administrative support during property operations. The organization's dedication to affordable housing and support for vulnerable populations is evident in its commitment to providing essential housing solutions in the community.
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Impact
July, 2024
Community Housing Development Association Inc's impact is significant in providing affordable housing options for low-income and special needs populations in the South Metro Denver area. By developing, owning, and operating affordable housing properties such as Presidential Arms, Lara Lea, Willow Street, and others, the organization ensures that individuals in need have access to safe and affordable housing. Through their dedication to acquiring, developing, and supporting affordable residential real estate, Community Housing Development Association Inc plays a crucial role in addressing the housing needs of vulnerable populations in the community.
This information is meant to be a general summary of Community Housing Development Association 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: $182,992
- Program Service Revenue: $354,486
- Gross Receipts: $676,257
Assets and Liabilities:
- Total Assets: $15,018,800
- Total Liabilities: $1,667,000
- Net Assets: $13,351,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$354,486
Organization Details
Founding Year
1995
Phone
(303) 999-2341Principal Officer
Jo Davidson
Main Address
7951 E Maplewood Avenue 100, Greenwood Village, CO, 80111
Website
www.community-housing.orgNTEE Category
Code: L21 - Housing
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