Overview
What is Corporation For Better Housing?
The Corporation For Better Housing is a nonprofit organization headquartered at 20750 Ventura Blvd 155, Woodland Hills, California, 91364. Its primary mission is to promote and contribute to the development and enhancement of affordable housing units for low-income individuals primarily in California, having accomplished the creation of approximately 4,000 such units across 18 counties. The organization's focus on this cause is reflected in both its activity and mission descriptions. With a modest workforce of three employees, the Corporation For Better Housing remains dedicated to making a significant impact on housing affordability in the United States, with a particular emphasis on California.
Official website here: www.corpforbetterhousing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Corporation For Better Housing has received a two-star rating on Charity Navigator, indicating areas for improvement within its operations. The organization scored 70%, reflecting a solid performance in some categories, such as program expense ratio, which stands at an impressive 92.49%. This suggests that the majority of funds raised are directed towards its programs, indicating a strong commitment to its mission.
However, there are notable weaknesses in the governance aspect of the organization. While it boasts a majority of independent board members, the independent board size is limited, receiving no points in this area. Additionally, the absence of a whistleblower policy raises concerns about accountability and transparency within the organization. These factors contribute to the overall need for improvement in governance practices.
The organization's financial health appears stable, with no material diversion of assets reported, and it has passed its financial audits successfully. Nonetheless, the high liabilities to assets ratio of 84.54% suggests potential financial risks that could impact its long-term sustainability. Addressing these governance issues and financial metrics could enhance its rating and community trust moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Corporation For Better Housing legitimate?
Corporation For Better Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corporation For Better 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:
Executive Compensation: $392,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $173,495
For more financial information, click here
Official website here: www.corpforbetterhousing.com
What is the mission statement of Corporation For Better Housing?
The Corporation For Better Housing is dedicated to enhancing the availability of affordable housing in the United States, with a primary focus on California. Through its mission, the organization actively works towards the development and enhancement of low-income housing nationwide. To date, the Corporation has successfully developed approximately 4,000 affordable housing units across eighteen counties in California. This commitment to improving living conditions for individuals and families in need is a testament to the organization's unwavering dedication to its cause.
Official website here: www.corpforbetterhousing.com
Who is the CEO of Corporation For Better Housing?
John Eleftheriou is the CEO of Corporation For Better Housing The CEO's salary of Corporation For Better Housing is $0 and their total compensation is $0.
Official website here: www.corpforbetterhousing.com
What is the revenue of Corporation For Better Housing?
Corporation For Better Housing's revenue in 2023 was $9,116,266.
Official website here: www.corpforbetterhousing.com
Who are the executives of Corporation For Better Housing and what are their salaries?
The average compensation at Corporation For Better Housing during 2023 was $188,804. There are 3 employees at Corporation For Better Housing.
Here are 4 key members and their salaries (Corporation For Better Housing's CEO's salary is $0 and their total compensation is $0):
- Compensation: $374,690
- Related: $0
- Other: $18,227
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.corpforbetterhousing.com
Where can I find the form 990 for Corporation For Better Housing?
Corporation For Better Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.corpforbetterhousing.com
Learn more at the official website: www.corpforbetterhousing.com
Mission Statement of Corporation For Better Housing
The Corporation For Better Housing, a renowned nonprofit organization, is dedicated to championing and facilitating the development and enhancement of affordable housing units in the United States, with a significant focus on the state of California. This mission stems from a commitment to addressing the housing needs of low-income individuals and communities.
In pursuit of its goal, the Corporation For Better Housing has made impressive strides, having developed no fewer than 4,000 affordable housing units across 18 counties in California. This substantial contribution to the housing landscape not only provides shelter but also offers opportunities for individuals and families to build a foundation for a better life.
The organization's efforts extend beyond the mere construction of affordable housing units. By promoting and assisting in their improvement, the Corporation For Better Housing ensures that the living conditions of those in need are not only adequate but also comfortable and safe. This holistic approach to addressing the housing crisis is a testament to the organization's unwavering dedication to improving the lives of low-income individuals and families.
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Impact
October, 2024
Corporation For Better Housing has made a significant impact on the availability of affordable housing in California. By developing 4,000 affordable housing units across 18 counties, the organization directly addresses the critical need for quality living spaces among low-income populations. This effort not only provides shelter but also fosters community stability and enhances the overall quality of life for many families struggling to find affordable options. Its focus on the development and improvement of low-income housing plays a crucial role in addressing housing insecurity, ultimately helping to create more equitable living conditions within the state.
This information is meant to be a general summary of Corporation For Better 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 2023.
- Investment Income: $421,112
- Program Service Revenue: $8,695,154
- Gross Receipts: $9,116,266
Assets and Liabilities:
- Total Assets: $399,165,553
- Total Liabilities: $337,471,919
- Net Assets: $61,693,634
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE
Revenue
$4,136,961
INCENTIVE FEE
Revenue
$94,046
MANAGEMENT FEE
Revenue
$579,605
RENTAL INCOME
Revenue
$3,708,499
SOCIAL SERVICE FEE
Revenue
$87,362
Organization Details
Founding Year
1995
Principal Officer
John Eleftheriou
Website
www.corpforbetterhousing.comNTEE Category
Code: L25 - Housing
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