Overview
What is Columbia Non-Profit Housing?
Columbia Non-Profit Housing is a sponsoring organization based in Clark County, Washington, dedicated to developing affordable housing projects under the United States Department of Housing and Urban Development's Section 202 and 811 programs. They have overseen the development of several single-asset entity affordable housing projects, aiming to provide housing solutions for low-income individuals and families. Their initiatives include ENGLUND MANOR, an unsubsidized 29-unit apartment complex for seniors aged 55 and above, and Cascade Terrace, offering shared housing to chronically mentally ill persons at an affordable rate. They also provide financing assistance through the First Home Loan program, which offers a silent second mortgage to first-time homebuyers, resulting in affordable home ownership in Clark and Cowlitz counties. This program is funded by several agencies including the City of Vancouver, the City of Longview, Clark County, and the State of Washington. Besides housing development, Columbia Non-Profit Housing incurs expenses related to the pre-development stage of potential new affordable housing projects in Clark County.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 69%)
Columbia Non-Profit Housing has received a rating indicating that it needs improvement, with a score of 69%. The organization demonstrates strong accountability measures, including a fully independent board and effective financial oversight. However, its program expense ratio stands at only 53.34%, suggesting that a smaller portion of its budget is dedicated to direct program services.
Feedback from clients reflects significant dissatisfaction, particularly regarding the management and responsiveness of the organization. One review highlights issues with property management, such as delayed responses to rent payments and a lack of visibility or communication from Columbia Non-Profit Housing. This has raised concerns about the organization's commitment to its mission of aiding vulnerable populations.
Overall, while Columbia Non-Profit Housing shows strengths in governance and financial management, client experiences reveal serious operational shortcomings that may detract from its effectiveness in serving the community. The feedback indicates a disconnect between the organization's stated goals and the reality perceived by those it aims to help.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Columbia Non-Profit Housing legitimate?
Columbia Non-Profit Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Non-Profit Housing 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 Columbia Non-Profit Housing?
Columbia Non-Profit Housing serves as the sponsoring organization for various affordable housing projects, developed under the United States Department of Housing and Urban Development's Section 202 and 811 programs. The mission of this organization is to facilitate the development of such projects, primarily in Clark County. The goal is to provide affordable housing options, catering to different segments of the population, such as seniors and chronically mentally ill individuals.
For instance, they have developed Englund Manor, an unsubsidized apartment complex for seniors aged 55 and above. Additionally, they have two triplexes providing shared housing to chronically mentally ill persons at an affordable rate. The tenants only pay the operating costs of the projects. The organization also supports a low-income first-time homebuyer program, providing assistance to homebuyers in the form of a silent second mortgage, making home ownership more affordable. This program is funded by several agencies, including local cities and the state of Washington.
In summary, Columbia Non-Profit Housing's mission is to facilitate the development of affordable housing projects, catering to various segments of the population, and provide support for low-income homebuyers.
Who is the CEO of Columbia Non-Profit Housing?
Susan Derenzo is the Chair of Columbia Non-Profit Housing.
What is the revenue of Columbia Non-Profit Housing?
Columbia Non-Profit Housing's revenue in 2022 was $1,145,600.
Who are the executives of Columbia Non-Profit Housing and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Columbia Non-Profit Housing?
Columbia Non-Profit Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Columbia Non-Profit Housing
Columbia Non-Profit Housing serves as the sponsoring organization for various affordable housing projects developed under the United States Department of Housing and Urban Development's Section 202 and 811 programs in Clark County. Their mission is to provide affordable housing solutions, specifically through the development of non-profit single asset entity projects. They have successfully constructed projects such as Englund Manor, a 29-unit apartment complex for seniors aged 55 and above, and Cascade Terrace, which offers shared housing to chronically mentally ill individuals at an affordable rate. Construction grants for these projects were provided by the Washington State Department of Community, Trade, and Economic Development, and the Clark County Home Program.
In addition to housing projects, Columbia Non-Profit Housing also offers a low-income first-time homebuyer program in Clark and Cowlitz Counties. This program provides assistance to homebuyers in the form of a silent second mortgage, reducing their payment on the first mortgage, thereby making affordable home ownership possible. This program is funded by several agencies including the City of Vancouver, the City of Longview, Clark County, and the State of Washington.
In summary, Columbia Non-Profit Housing is dedicated to providing affordable housing solutions and opportunities for various demographics through their development projects and first-time homebuyer program. They are committed to making a positive impact in the community by ensuring that affordable housing is accessible to those who need it most.
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Impact
July, 2024
Columbia Non-Profit Housing's impact can be seen through its sponsorship of multiple affordable housing projects in Clark County. One significant project is Englund Manor, a 29-unit apartment complex built in 1989 for seniors aged 55 and above in Vancouver, Washington. Additionally, Cascade Terrace provides shared housing to chronically mentally ill individuals at a very affordable rate, with construction grants from the Washington State Department of Community, Trade, and Economic Development and the Clark County Home Program.
Furthermore, the organization's First Home Loan program offers low-income first-time homebuyers assistance in the form of a silent second mortgage, making home ownership more affordable in Clark and Cowlitz Counties. This program receives funding from various agencies including the City of Vancouver, the City of Longview, Clark County, and the State of Washington.
Columbia Non-Profit Housing's commitment to developing affordable housing projects and providing assistance to low-income individuals demonstrates its valuable impact on addressing housing needs in the community.
This information is meant to be a general summary of Columbia Non-Profit Housing. 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: $58,470
- Program Service Revenue: $318,834
- Gross Receipts: $1,145,600
Assets and Liabilities:
- Total Assets: $11,445,574
- Total Liabilities: $5,759,998
- Net Assets: $5,685,576
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$183,305
COMMERCIAL RENT
Revenue
$86,419
OTHER
Revenue
$49,110
Organization Details
Founding Year
1981
Phone
(360) 993-9560Principal Officer
Susan Derenzo
Main Address
2500 MAIN STREET SUITE 200, VANCOUVER, WA, 986602697
NTEE Category
Code: L210 - Housing
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