Overview
What is Carpenters Housing Corporation?
Carpenters Housing Corporation is a nonprofit organization, established in Santa Rosa, California. Its primary mission is to develop, own, and operate an apartment complex catering to the needs of low-income families and individuals with disabilities. The complex, consisting of 231 rental units, is regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring reasonable rent charges. The corporation's activities are centered around providing affordable housing, ensuring that a diverse group of people can reside in a well-maintained and supportive community. The organization currently employs 15 individuals in accomplishing its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Carpenters Housing Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in several key areas, including independent board membership and financial oversight, the organization demonstrates a commitment to transparency and responsible management of resources.
The nonprofit's outstanding program expense ratio of 98.82% indicates that the vast majority of its funds are directed towards its mission, rather than administrative costs. Additionally, the organization has established comprehensive policies, such as a conflict of interest and whistleblower policy, ensuring ethical governance and accountability to its stakeholders.
While the ratings highlight significant strengths, potential donors and supporters may consider the limitations inherent in focusing solely on financial metrics. Understanding the broader impact of the organization’s programs and community engagement efforts may provide a more complete picture of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Carpenters Housing Corporation legitimate?
Carpenters Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carpenters Housing 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: $177,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $972,262
For more financial information, click here
What is the mission statement of Carpenters Housing Corporation?
The Carpenters Housing Corporation was established with the mission to develop, own, and operate an apartment complex comprising 231 rental units. This complex is intended for low-income families and individuals with disabilities. Located in Santa Rosa, California, this project falls under Section 236 of the National Housing Act. The Corporation's operations are regulated by HUD in terms of the rental charges.
Who is the CEO of Carpenters Housing Corporation?
John Casey is the President of Carpenters Housing Corporation.
What is the revenue of Carpenters Housing Corporation?
Carpenters Housing Corporation's revenue in 2023 was $3,476,333.
Who are the executives of Carpenters Housing Corporation and what are their salaries?
The average compensation at Carpenters Housing Corporation during 2023 was $76,663. There are 15 employees at Carpenters Housing Corporation.
Here are 8 key members and their salaries:
- Compensation: $177,689
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Carpenters Housing Corporation?
Carpenters Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Carpenters Housing Corporation
Carpenters Housing Corporation, a nonprofit organization, was established with a mission to develop, own, and manage an apartment complex comprising 231 rental units. These units are specifically designed for low-income families and individuals with disabilities. This project is regulated under Section 236 of the National Housing Act, ensuring that the rental charges adhere to certain standards. The corporation's mission is to provide affordable housing options, contributing to the well-being and stability of its residents.
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Impact
July, 2024
The Carpenters Housing Corporation's impact lies in providing essential affordable housing solutions for low-income families and handicapped individuals in Santa Rosa, California. Through its development, ownership, and operation of a 231-unit apartment complex, the corporation addresses a critical need in the community. By offering regulated rental units under Section 236 of the National Housing Act, the organization ensures that vulnerable populations have access to safe and stable housing options. Overall, the Carpenters Housing Corporation plays a vital role in improving the quality of life and fostering economic stability for individuals and families facing challenges in securing affordable housing.
This information is meant to be a general summary of Carpenters Housing 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 2023.
- Investment Income: $33,653
- Program Service Revenue: $3,442,680
- Gross Receipts: $3,476,333
Assets and Liabilities:
- Total Assets: $4,709,856
- Total Liabilities: $319,554
- Net Assets: $4,390,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SECTION 8 ASSISTANCE
Revenue
$706,781
LAUNDRY INCOME
Revenue
$56,371
OTHER INCOME
Revenue
$7,584
TENANT RENTS
Revenue
$2,671,944
Organization Details
Founding Year
1969
Phone
(707) 546-1797Principal Officer
John Casey
Main Address
2600 NORTHCOAST STREET, SANTA ROSA, CA, 95403
NTEE Category
Code: L21 - Housing
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