Overview
What is Chestnut Creek Inc?
Chestnut Creek Inc is a nonprofit organization dedicated to furthering the exempt purposes of Bridge Housing Corporation (Bridge). Based in San Francisco, California, its primary mission is to provide low-income housing for senior citizens. The organization is committed to strengthening communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. With a focus on customer satisfaction, Chestnut Creek Inc aims to deliver results and is recognized as a leader and innovator in the mission-driven business of affordable and mixed-income housing. The organization works closely with various stakeholders, including residents, investors, taxpayers, and public-sector partners, to ensure its projects meet the highest standards.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%, Two-Star out of Four Stars)
Chestnut Creek Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. This score is derived solely from its accountability and finance metrics, achieving a score of 64%. The organization lacks independent board members, which can raise concerns about governance and oversight.
While Chestnut Creek Inc demonstrates strong financial management with a high program expense ratio of 98.14%, it faces challenges in transparency. Key documents such as its tax form and website are missing from public view, which affects its overall score. However, the organization does have policies in place for conflict of interest, whistleblowing, and document retention.
Despite the limitations in governance and transparency, Chestnut Creek Inc shows solid commitment to its programmatic expenses. The absence of independent board members and missing financial documentation are notable areas for improvement that the organization should address to enhance trust and accountability within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Chestnut Creek Inc legitimate?
Chestnut Creek Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chestnut Creek 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,599
For more financial information, click here
What is the mission statement of Chestnut Creek Inc?
Chestnut Creek Inc's mission is to align with the objectives of Bridge Housing Corporation (Bridge) by providing affordable housing for low-income families and seniors. By developing, owning, and managing high-quality homes, Chestnut Creek Inc contributes to the strengthening of communities. The organization aims to lead and innovate in the mission-driven business of producing, operating, and owning affordable and mixed-income housing. Chestnut Creek Inc prioritizes customer satisfaction, earning the highest degree of satisfaction from residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. The organization is considered the go-to developer and owner for various housing solutions, delivering results for public officials, investors, and communities.
Who is the CEO of Chestnut Creek Inc?
Delphine Sherman is the Evp Of Development (Outgoing) of Chestnut Creek Inc. The CEO's salary of Chestnut Creek Inc is $0 and their total compensation is $538,963.
What is the revenue of Chestnut Creek Inc?
Chestnut Creek Inc's revenue in 2022 was $1,093,320.
Who are the executives of Chestnut Creek Inc and what are their salaries?
Here are 7 key members and their salaries (Chestnut Creek Inc's CEO's salary is $0 and their total compensation is $538,963):
- Compensation: $0
- Related: $486,042
- Other: $98,469
- Compensation: $0
- Related: $503,363
- Other: $35,600
- Compensation: $0
- Related: $347,144
- Other: $116,424
- Compensation: $0
- Related: $342,254
- Other: $104,797
- Compensation: $0
- Related: $347,823
- Other: $97,080
- Compensation: $0
- Related: $245,086
- Other: $21,219
- Compensation: $0
- Related: $76,056
- Other: $3,970
Where can I find the form 990 for Chestnut Creek Inc?
Chestnut Creek Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chestnut Creek Inc
Chestnut Creek Inc, an organization that furthers the exempt purposes of Bridge Housing Corporation, aims to strengthen communities by providing low-income housing for working families and seniors. The mission of Chestnut Creek Inc is multifaceted, focusing on the development, ownership, and management of high-quality, affordable homes. This commitment to affordable housing is just the beginning of its vision, which also includes creating opportunities for these communities' members.
As a leader and innovator in the mission-driven business of effective production, operation, and ownership of affordable and mixed-income housing, Chestnut Creek Inc strives to earn the highest degree of customer satisfaction from all stakeholders. This includes residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. By delivering results and serving as the go-to developer and owner for public officials, investors, and communities seeking housing solutions, Chestnut Creek Inc plays a significant role in meeting the diverse housing needs of its communities.
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Impact
July, 2024
Chestnut Creek Inc's impact lies in addressing the critical need for affordable housing for working families and seniors in San Francisco. By owning and operating an affordable housing project for senior citizens, the organization contributes to strengthening communities and creating opportunities for individuals who may otherwise struggle to find suitable housing. Through its alignment with Bridge Housing Corporation's mission, Chestnut Creek Inc plays a vital role in providing high-quality, affordable homes and fostering a sense of stability and security for its residents. The organization's efforts directly support the vision of Bridge Housing Corporation to be a leader in the production, operation, and ownership of affordable housing, earning high levels of satisfaction from all stakeholders involved. In essence, Chestnut Creek Inc's impact resonates in the positive transformation of lives and communities by ensuring access to safe and affordable housing options.
This information is meant to be a general summary of Chestnut Creek 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: $5,815
- Program Service Revenue: $183,939
- Gross Receipts: $1,093,320
Assets and Liabilities:
- Total Assets: $7,263,035
- Total Liabilities: $5,665,795
- Net Assets: $1,597,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$180,357
ANCILLARY SERVICES
Revenue
$3,542
OTHER REVENUE
Revenue
$40
Organization Details
Founding Year
2000
Phone
(415) 989-1111Principal Officer
Delphine Sherman
Main Address
600 CALIFORNIA STREET 900, SAN FRANCISCO, CA, 94108
NTEE Category
Code: L20 - Housing
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