Overview
What is Chisom Housing Group?
Chisom Housing Group is a nonprofit organization situated in Washington, D.C., specifically at 1050 30th Street NW. Their primary mission is to provide safe and decent housing facilities and supportive services for families with low to very low incomes. They manage 10 apartment complexes, housing a total of 688 units, aiming to promote general welfare within the community. The organization's activities are centered around securing living spaces that are conducive to community well-being, with a particular focus on supporting low-income households. They currently employ a team of two individuals dedicated to fulfilling this mission.
Official website here: www.chisomhousing.org
What are the reviews and ratings of this charity?
Chisom Housing Group has received a 81% rating from Charity Navigator, earning it a Three-Star out of Four Stars designation. This score is primarily derived from its Accountability & Finance metrics, highlighting the organization’s strong commitment to financial governance and transparency. Notably, Chisom Housing Group has a fully independent board, compliance with conflict of interest and whistleblower policies, along with a favorable liabilities to assets ratio and a high program expense ratio, indicating that the majority of its expenditures are directed towards its programs.
Despite these strengths, the organization faced a zero score in financial statements, suggesting a lack of publicly available documentation that may impact stakeholders' assessment of its overall financial health. Additionally, the absence of impact and measurement scoring indicates that further evaluation of its effectiveness and outcomes may be necessary for potential donors and partners.
User reviews from GreatNonprofits could not be fetched, leaving an opportunity for potential feedback to be considered in evaluating the organization’s community perception. Overall, Chisom Housing Group demonstrates solid financial practices but may need to improve transparency in reporting its financial statements to enhance stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Chisom Housing Group legitimate?
Chisom Housing Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chisom Housing Group 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: $146,122
Professional Fundraising Fees: $0
Other Salaries and Wages: $978,937
For more financial information, click here
Official website here: www.chisomhousing.org
What is the mission statement of Chisom Housing Group?
Chisom Housing Group's mission is centered around enhancing the community's well-being by providing and securing safe, decent, and sanitary housing and related facilities, with a particular focus on supporting very low- and low-income households. The organization aims to operate projects that offer housing facilities and supportive services to these income groups. Currently, they manage ten apartment complexes, housing a total of 688 units.
Official website here: www.chisomhousing.org
Who is the CEO of Chisom Housing Group?
Sarah Bagley is the Executive Director of Chisom Housing Group.
Official website here: www.chisomhousing.org
What is the revenue of Chisom Housing Group?
Chisom Housing Group's revenue in 2022 was $7,104,293.
Official website here: www.chisomhousing.org
Who are the executives of Chisom Housing Group and what are their salaries?
The average compensation at Chisom Housing Group during 2022 was $562,530. There are 2 employees at Chisom Housing Group.
Here are 8 key members and their salaries:
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- Compensation: $130,000
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Official website here: www.chisomhousing.org
Where can I find the form 990 for Chisom Housing Group?
Chisom Housing Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chisomhousing.org
Learn more at the official website: www.chisomhousing.org
Mission Statement of Chisom Housing Group
Chisom Housing Group is dedicated to promoting and ensuring the availability of safe, decent, and sanitary housing facilities for the community, with a particular focus on assisting very low- and low-income households. The organization's mission is to foster and secure such housing, aiming to enhance the overall well-being of the community. By operating 10 apartment complexes, Chisom Housing Group provides a total of 688 housing units, accompanied by supportive services, catering to the needs of those falling under the specified income categories. The group's objective is to contribute positively to the community by offering housing facilities that are conducive to general welfare.
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Impact
July, 2024
Chisom Housing Group's impact can be seen in its successful efforts to provide safe, decent, and sanitary housing for very low- and low-income households in Washington, DC. By operating 10 apartment complexes totaling 688 units, the organization has made a tangible difference in the lives of individuals and families who struggle to find affordable housing options. Chisom Housing Group's focus on fostering community welfare through its housing initiatives exemplifies a commitment to addressing the critical need for accessible housing in the area.
This information is meant to be a general summary of Chisom Housing Group. 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: $36,068
- Program Service Revenue: $7,054,717
- Gross Receipts: $7,104,293
Assets and Liabilities:
- Total Assets: $28,336,693
- Total Liabilities: $13,870,371
- Net Assets: $14,466,322
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$6,937,972
PROGRAM INTEREST INCOM
Revenue
$108,933
LAUNDRY & VENDING
Revenue
$7,808
PROGRAM RELATED K-1 IN
Revenue
$4
Organization Details
Founding Year
2007
Phone
(206) 512-8901Principal Officer
Sarah Bagley
Main Address
1050 30TH STREET NW, WASHINGTON, DC, 20007
Website
www.chisomhousing.orgNTEE Category
Code: L20 - Housing
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