Overview
What is Chn Housing Capital?
Chn Housing Capital is a certified Community Development Financial Institution, headquartered at 2999 Payne Avenue, Cleveland, Ohio 44114. Their primary mission is to make homeownership accessible for low-income individuals and distressed communities, guided by the belief that everyone deserves a home. In 2022, they successfully closed 59 mortgages, predominantly using their Believe Mortgage product, which has been free of delinquencies. The majority of their borrowers identify as African American. Moreover, all appraisals conducted during this period were found to be at or above the purchase price, indicating their commitment to fair valuation practices. The organization is led by a team of eight dedicated individuals.
Official website here: www.chnhousingcapital.org
Is Chn Housing Capital legitimate?
Chn Housing Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chn Housing Capital 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: $563,296
For more financial information, click here
Official website here: www.chnhousingcapital.org
What is the mission statement of Chn Housing Capital?
Chn Housing Capital, being a certified Community Development Financial Institution, is dedicated to making homeownership accessible to low-income individuals and distressed communities. Guided by the belief that homeownership is a right for everyone, the organization serves its community with this mission in mind. In 2022, Chn Housing Capital successfully closed 59 mortgages, with no delinquencies and all appraisals at or above the purchase price. The majority of their borrowers identify as African American.
Official website here: www.chnhousingcapital.org
Who is the CEO of Chn Housing Capital?
Kevin J Nowak is the President of Chn Housing Capital.
Official website here: www.chnhousingcapital.org
What is the revenue of Chn Housing Capital?
Chn Housing Capital's revenue in 2022 was $3,226,657.
Official website here: www.chnhousingcapital.org
Who are the executives of Chn Housing Capital and what are their salaries?
The average compensation at Chn Housing Capital during 2022 was $70,412. There are 8 employees and 8 volunteers at Chn Housing Capital.
Here are 11 key members and their salaries:
- Greg Perelka (Executive Vp Of Lending Op)
- Chris Warren (President) [Trustee/Director]
- Carolyn Galloway (Vice President) [Trustee/Director]
- Sahnara Hendrix (Secretary) [Trustee/Director]
- Jim Poznik (Treasurer) [Trustee/Director]
- Caroline Peak (Director)
- Kathy Hexter (Director)
- Krume Stojanovski (Director)
- Mike Griffin (Director)
- Peter Meisel (Director)
- Tearra Smith (Director)
Official website here: www.chnhousingcapital.org
Where can I find the form 990 for Chn Housing Capital?
The Chn Housing Capital’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.chnhousingcapital.org
Learn more at the official website: www.chnhousingcapital.org
Mission Statement of Chn Housing Capital
Chn Housing Capital, as a certified Community Development Financial Institution, is dedicated to serving low-income individuals and distressed communities. Guided by the belief that homeownership should be an attainable goal for everyone, this organization is committed to making a significant impact in this area. It strives to help individuals and communities overcome financial barriers and access the opportunity to become homeowners. In 2022, Chn Housing Capital successfully closed 59 mortgages, demonstrating its effectiveness in its mission. The organization's Believe Mortgage product, in particular, showed impressive results, with no delinquencies and 97% of borrowers identifying as African American. Additionally, 100% of appraisals for these mortgages were at or above the purchase price, further underscoring the organization's success in this area.
Impact
This information is meant to be a general summary of Chn Housing Capital. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Chn Housing Capital's impact includes closing 59 mortgages in 2022, with their BELIEVE mortgage product boasting zero delinquencies. The majority of borrowers, 97%, identify as African American, and all appraisals were at or above the purchase price. This organization is dedicated to serving low-income individuals and distressed communities, ensuring that homeownership is accessible to everyone.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE REVENUE
Revenue
$215,808
MORTGAGE INTEREST
Revenue
$65,595
Organization Details
Founding Year
2018
Phone
(216) 574-7100
Principal Officer
Kevin J Nowak
Main Address
2999 PAYNE AVENUE 134, CLEVELAND, OH, 44114
Website
www.chnhousingcapital.org
NTEE Category
Code: P51 - Human services
If you are a representative of Chn Housing Capital 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.