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Chp Cove Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521949584 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Chp Cove Inc?

Chp Cove Inc, based in New York City, New York, is a dedicated nonprofit organization. Its primary mission is to provide affordable housing for low-income families, operating a 384-unit apartment complex named Clipper Cove Apartments in Boynton Beach, Florida. The corporation's purpose is to acquire, develop, own, and manage affordable housing units, ensuring that people with limited financial resources have access to decent living spaces.


Is Chp Cove Inc legitimate?

Chp Cove Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chp Cove 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $398,641

For more financial information, click here


What is the mission statement of Chp Cove Inc?
Who is the CEO of Chp Cove Inc?
What is the revenue of Chp Cove Inc?
Who are the executives of Chp Cove Inc and what are their salaries?
Where can I find the form 990 for Chp Cove Inc?

Mission Statement of Chp Cove Inc

Chp Cove Inc, a nonprofit organization, is committed to providing low-income housing. The corporation's mission is twofold: it seeks to acquire, develop, own, and operate affordable housing units for families with limited income. By undertaking these activities, Chp Cove Inc aims to make a significant contribution to addressing housing inequalities and ensuring that low-income families have access to decent living spaces.

At the heart of Chp Cove Inc's operations is the Clipper Cove Apartments, a 384-unit apartment complex located in Boynton Beach, Florida. This housing complex is specifically designed to cater to the needs of low-income tenants, providing them with a secure and affordable place to call home. By offering affordable housing, Chp Cove Inc is playing a crucial role in helping families in need to maintain a stable living environment, which is essential for their overall well-being and development.

Impact

This information is meant to be a general summary of Chp Cove Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Chp Cove Inc's impact lies in providing essential housing support to low-income families. The organization operates a 384-unit apartment complex called Clipper Cove Apartments in Boynton Beach, Florida, ensuring that individuals and families have access to affordable housing options. By focusing on the acquisition, development, ownership, and operation of such housing, Chp Cove Inc is actively working to address the pressing need for affordable housing for low-income individuals and families in the community. Their efforts contribute significantly to promoting stability and improving the quality of life for those in need of housing assistance.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $70
  • Program Service Revenue: $5,650,518
  • Gross Receipts: $5,650,588

    • Assets and Liabilities:
  • Total Assets: $7,740,852
  • Total Liabilities: $39,535,388
  • Net Assets: -$31,794,536
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENT REVENUE

    Revenue

    $5,650,377

    LAUNDRY & VENDING INCO

    Revenue

    $141

    Organization Details

    Founding Year

    1995

    Principal Officer

    Richard F Burns

    Main Address

    122 EAST 42ND STREET 4900, NEW YORK, NY, 10168

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Chp Cove Inc 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.