Overview
What is Church Community Housing Corporation?
Church Community Housing Corporation is a nonprofit organization situated in Newport, Rhode Island. Its primary mission is to offer housing opportunities for individuals with low and moderate incomes. This is achieved through various means, including the rental of properties, acquisition, rehabilitation, and sale of properties, as well as the development of affordable housing. Currently, the organization has 113 apartments available at affordable rates. In addition, Church Community Housing Corporation is working on eight properties in various stages of rehabilitation, with two sold during the year. Furthermore, the organization is involved in the rehabilitation of two existing and one new affordable housing complexes. Additionally, they have worked on three predevelopment projects that would provide for additional affordable housing. To ensure the affordability of properties sold to low and moderate income persons, the organization retains ownership of the land under a land trust model and sells the building with a ground lease, limiting future sales to income-eligible households. The organization owns 104 parcels of land under the land trust model, demonstrating their long-term commitment to providing affordable housing.
Official website here: www.cchcnewport.org
Is Church Community Housing Corporation legitimate?
Church Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Church Community 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.
Here are some key statistics you may want to consider:
Executive Compensation: $147,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,019,993
For more financial information, click here
Official website here: www.cchcnewport.org
What is the mission statement of Church Community Housing Corporation?
Church Community Housing Corporation's mission is centered around providing affordable housing opportunities for individuals with low and moderate income levels. Primarily, they achieve this goal by offering financial and technical assistance for home ownership and rental opportunities. The organization operates by providing rental properties, acquiring, rehabilitating, and selling properties, and developing new affordable housing units. Currently, they have 113 apartments available for rent at affordable rates. Additionally, they are working on several properties in various stages of rehabilitation, with two sold during the year. Church Community Housing Corporation is also involved in the development of new affordable housing complexes and works on predevelopment projects to provide additional housing options. To ensure that housing remains affordable for low and moderate income households in the future, the organization retains ownership of the land under a land trust model when selling buildings.
Official website here: www.cchcnewport.org
Who is the CEO of Church Community Housing Corporation?
Christian Belden is the Director of Church Community Housing Corporation.
Official website here: www.cchcnewport.org
What is the revenue of Church Community Housing Corporation?
Church Community Housing Corporation's revenue in 2023 was $5,217,929.
Official website here: www.cchcnewport.org
Who are the executives of Church Community Housing Corporation and what are their salaries?
The average compensation at Church Community Housing Corporation during 2023 was $64,846. There are 18 employees and 9 volunteers at Church Community Housing Corporation.
Here are 9 key members and their salaries:
- Marjorie Jensen (Director)
- Robert Sabel (Treasurer) [Trustee/Director]
- Patricia Sargent (President) [Trustee/Director]
- Barbara O'Reilly (Director)
- Jennifer Murray (Director)
- Susan Bodington (Secretary) [Trustee/Director]
- Elizabeth Phelps (Vice President) [Trustee/Director]
- Allyson Mccalla (Director)
- Michael Perez (Director)
Official website here: www.cchcnewport.org
Where can I find the form 990 for Church Community Housing Corporation?
The Church Community Housing Corporation’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.cchcnewport.org
Learn more at the official website: www.cchcnewport.org
Mission Statement of Church Community Housing Corporation
Church Community Housing Corporation, a nonprofit organization, is committed to providing housing opportunities for individuals with low and moderate incomes. Their mission primarily revolves around offering affordable housing solutions through financial and technical assistance in both home ownership and rental opportunities. The corporation achieves this goal by renting out properties, acquiring, rehabilitating, and selling properties, and developing new affordable housing complexes. Currently, Church Community Housing Corporation has 113 apartments available for rent at affordable rates. Beyond this, the organization is actively working on various rehabilitation projects, including two existing and one new affordable housing complex. Additionally, they have been involved in three predevelopment projects aimed at providing additional affordable housing options. Church Community Housing Corporation employs a unique land trust model for properties sold to low and moderate income households. Under this model, the organization retains ownership of the land, selling only the building with a ground lease that restricts future sales to individuals and families falling within the income limits for low and moderate income households. The organization's land trust model ensures that the affordable housing remains accessible to those who need it most.
Impact
This information is meant to be a general summary of Church Community Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Church Community Housing Corporation's impact is significant in providing housing opportunities for low and moderate-income individuals. With a focus on offering affordable housing through rental properties, property acquisition, rehabilitation, and home ownership opportunities, the organization plays a crucial role in addressing the housing needs of the community. With 113 apartments available for rent at affordable rates and ongoing projects aimed at developing more affordable housing complexes, Church Community Housing Corporation is actively working towards expanding access to safe and affordable housing for those in need. Additionally, their innovative approach of retaining ownership of land under a land trust model ensures that properties sold to low and moderate-income individuals remain affordable in the long term. Through their commitment to affordable housing, Church Community Housing Corporation is making a tangible difference in the lives of individuals and families in Newport, Rhode Island.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$2,003,036
INCOME FROM PARTNERSHIP K1
Revenue
$1,916,940
DEVELOPMENT FEES
Revenue
$650,998
SERVICE FEES
Revenue
$207,924
INTEREST ON LOANS
Revenue
$131,741
Organization Details
Founding Year
1969
Phone
(401) 846-5114
Principal Officer
Christian Belden
Main Address
50 WASHINGTON SQUARE, NEWPORT, RI, 02840
Website
www.cchcnewport.org
NTEE Category
Code: L20Z - Housing
If you are a representative of Church Community Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.