Overview
What is Community Housing Developers Inc?
Community Housing Developers Inc, based in San Jose, California, is a dedicated nonprofit organization that focuses on developing, managing, and rehabilitating affordable housing units for low-income families. With a special concern for individuals with unique needs such as seniors, single parent families, and the physically disabled, the organization aims to increase and maintain the supply of quality housing in Santa Clara County and potentially expand to other states, subject to approval from their board of directors. The organization currently employs 20 individuals, contributing to their mission to provide affordable housing solutions for those in need.
Official website here: www.communityhousingsv.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Community Housing Developers Inc has received a commendable Three-Star rating from Charity Navigator, indicating a strong performance in the realm of accountability and finance. The charity's score is primarily derived from its commitment to financial transparency and effective governance, as evidenced by its perfect scores in several key areas, such as independent board membership and the presence of comprehensive policies.
The organization boasts a solid program expense ratio of 83.66%, demonstrating a significant commitment to programmatic spending compared to administrative costs. This reflects a focus on delivering services and fulfilling its mission. Additionally, the presence of an independent board and various oversight policies highlights the organization's dedication to ethical management and accountability to its stakeholders.
However, there is a notable limitation regarding the liabilities to assets ratio, which stands at 115.01%. This suggests potential financial vulnerability that might require closer scrutiny. While the organization excels in governance practices, addressing this financial aspect could enhance overall sustainability and confidence among donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Community Housing Developers Inc legitimate?
Community Housing Developers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Developers 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: $406,130
Professional Fundraising Fees: $0
Other Salaries and Wages: $637,367
For more financial information, click here
Official website here: www.communityhousingsv.org/
What is the mission statement of Community Housing Developers Inc?
Community Housing Developers Inc is committed to expanding and preserving the availability of high-quality, affordable housing for individuals and families with low to moderate income, particularly those with special needs such as seniors, single parent families, and the physically disabled. This mission is carried out through the development, management, and rehabilitation of houses and rental units. The organization seeks approval from its board of directors to extend its services to other counties or states when necessary.
Official website here: www.communityhousingsv.org/
Who is the CEO of Community Housing Developers Inc?
Wendy Cruz is the Chair of Community Housing Developers Inc.
Official website here: www.communityhousingsv.org/
What is the revenue of Community Housing Developers Inc?
Community Housing Developers Inc's revenue in 2022 was $3,695,425.
Official website here: www.communityhousingsv.org/
Who are the executives of Community Housing Developers Inc and what are their salaries?
The average compensation at Community Housing Developers Inc during 2022 was $52,175. There are 20 employees at Community Housing Developers Inc.
Here are 8 key members and their salaries:
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- Compensation: $219,649
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- Compensation: $186,481
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Official website here: www.communityhousingsv.org/
Where can I find the form 990 for Community Housing Developers Inc?
Community Housing Developers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityhousingsv.org/
Learn more at the official website: www.communityhousingsv.org/
Mission Statement of Community Housing Developers Inc
Community Housing Developers Inc, a nonprofit organization, is committed to increasing and maintaining the supply of quality, affordable housing. Their mission extends beyond Santa Clara County, with the ability to expand into other counties or states, as approved by their Board of Directors. This mission is specifically aimed at addressing the housing needs of low- and moderate-income individuals, particularly those with special needs such as seniors, single parent families, and the physically disabled. By developing, managing, and rehabilitating houses and rental units, Community Housing Developers Inc strives to provide a secure and affordable living environment for these individuals. Their dedication to this cause serves as a vital resource in ensuring that everyone, regardless of their income level or special needs, has access to decent housing.
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Impact
July, 2024
Community Housing Developers Inc's impact is substantial in increasing and maintaining the supply of quality, affordable housing in Santa Clara County and potentially in other counties or states as approved by the board of directors. They specifically focus on meeting the needs of low- and moderate-income individuals, including those with special needs such as seniors, single-parent families, and the physically disabled. Through their activities in development, management, rental, and rehabilitation of houses and rental units, they play a crucial role in providing stable and secure housing options for those in need within the community.
This information is meant to be a general summary of Community Housing Developers 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: $9,397
- Program Service Revenue: $3,686,028
- Gross Receipts: $3,695,425
Assets and Liabilities:
- Total Assets: $20,267,470
- Total Liabilities: $23,310,473
- Net Assets: -$3,043,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL
Revenue
$3,333,874
PROPERTY MANAGEMENT FE
Revenue
$161,280
COMPLIANCE FEE
Revenue
$98,800
OTHER REVENUE
Revenue
$49,060
ACCOUNTING FEE
Revenue
$27,600
Organization Details
Founding Year
1979
Phone
(408) 279-7662Principal Officer
Wendy Cruz
Main Address
95 S MARKET STREET NO 610, SAN JOSE, CA, 95113
Website
www.communityhousingsv.org/NTEE Category
Code: L200 - Housing
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