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Columbia Non-Profit Housing

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

EIN: 911139827 ✦ Vancouver, WA ✦ Designated as a 501(c)(3)

Overview

What is Columbia Non-Profit Housing?

Columbia Non-Profit Housing is a sponsoring organization based in Clark County, Washington, dedicated to developing affordable housing projects under the United States Department of Housing and Urban Development's Section 202 and 811 programs. They have overseen the development of several single-asset entity affordable housing projects, aiming to provide housing solutions for low-income individuals and families. Their initiatives include ENGLUND MANOR, an unsubsidized 29-unit apartment complex for seniors aged 55 and above, and Cascade Terrace, offering shared housing to chronically mentally ill persons at an affordable rate. They also provide financing assistance through the First Home Loan program, which offers a silent second mortgage to first-time homebuyers, resulting in affordable home ownership in Clark and Cowlitz counties. This program is funded by several agencies including the City of Vancouver, the City of Longview, Clark County, and the State of Washington. Besides housing development, Columbia Non-Profit Housing incurs expenses related to the pre-development stage of potential new affordable housing projects in Clark County.


Is Columbia Non-Profit Housing legitimate?

Columbia Non-Profit Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Non-Profit 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.

Here are some key statistics you may want to consider:

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

For more financial information, click here


What is the mission statement of Columbia Non-Profit Housing?
Who is the CEO of Columbia Non-Profit Housing?
What is the revenue of Columbia Non-Profit Housing?
Who are the executives of Columbia Non-Profit Housing and what are their salaries?
Where can I find the form 990 for Columbia Non-Profit Housing?

Mission Statement of Columbia Non-Profit Housing

Columbia Non-Profit Housing serves as the sponsoring organization for various affordable housing projects developed under the United States Department of Housing and Urban Development's Section 202 and 811 programs in Clark County. Their mission is to provide affordable housing solutions, specifically through the development of non-profit single asset entity projects. They have successfully constructed projects such as Englund Manor, a 29-unit apartment complex for seniors aged 55 and above, and Cascade Terrace, which offers shared housing to chronically mentally ill individuals at an affordable rate. Construction grants for these projects were provided by the Washington State Department of Community, Trade, and Economic Development, and the Clark County Home Program.

In addition to housing projects, Columbia Non-Profit Housing also offers a low-income first-time homebuyer program in Clark and Cowlitz Counties. This program provides assistance to homebuyers in the form of a silent second mortgage, reducing their payment on the first mortgage, thereby making affordable home ownership possible. This program is funded by several agencies including the City of Vancouver, the City of Longview, Clark County, and the State of Washington.

In summary, Columbia Non-Profit Housing is dedicated to providing affordable housing solutions and opportunities for various demographics through their development projects and first-time homebuyer program. They are committed to making a positive impact in the community by ensuring that affordable housing is accessible to those who need it most.

Impact

This information is meant to be a general summary of Columbia Non-Profit Housing. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Columbia Non-Profit Housing's impact can be seen through its sponsorship of multiple affordable housing projects in Clark County. One significant project is Englund Manor, a 29-unit apartment complex built in 1989 for seniors aged 55 and above in Vancouver, Washington. Additionally, Cascade Terrace provides shared housing to chronically mentally ill individuals at a very affordable rate, with construction grants from the Washington State Department of Community, Trade, and Economic Development and the Clark County Home Program.

Furthermore, the organization's First Home Loan program offers low-income first-time homebuyers assistance in the form of a silent second mortgage, making home ownership more affordable in Clark and Cowlitz Counties. This program receives funding from various agencies including the City of Vancouver, the City of Longview, Clark County, and the State of Washington.

Columbia Non-Profit Housing's commitment to developing affordable housing projects and providing assistance to low-income individuals demonstrates its valuable impact on addressing housing needs in the community.





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: $58,470
  • Program Service Revenue: $318,834
  • Gross Receipts: $1,145,600

    • Assets and Liabilities:
  • Total Assets: $11,445,574
  • Total Liabilities: $5,759,998
  • Net Assets: $5,685,576
  • Programs

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

    RENT

    Revenue

    $183,305

    COMMERCIAL RENT

    Revenue

    $86,419

    OTHER

    Revenue

    $49,110

    Organization Details

    Founding Year

    1981

    Principal Officer

    Susan Derenzo

    Main Address

    2500 MAIN STREET SUITE 200, VANCOUVER, WA, 986602697

    NTEE Category

    Code: L210 - Housing

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