Better Business Bureau Report for
Central City Housing Ventures

Better Business Bureau Report issued March 2011
Better Business Bureau Report expires March 2013


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Central City Housing Ventures
Address: 637 S. Dearborn Street
  Chicago, IL 60605
Phone: 312-431-0035
Web Address: www.cchvchicago.org
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 1989, Illinois
Affiliates: None
Stated Purpose: Central City Housing Ventures is an interfaith effort of religious organizations that brings together Chicago's communities in a powerful coalition to support affordable housing in central Chicago.

Back To Top

Evaluation Conclusions

               

Central City Housing Ventures does not meet the following 2 Standards for Charity Accountability.

Standard 8: Program Service Expense Ratio - Spend at least 65% of its total expenses on program activities.

Central City Housing Ventures does not meet this Standard because:

  • According to the its unaudited financial statements for the fiscal year ended June 30, 2009, the organization spent $5,115 or 51% of its total expenses ($9,944) on program service activities.

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

Central City Housing Ventures does not meet this standard because:

  • The organization states it does not have an annual report covering activities conducted in the past year.
In addition, the BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s governance and oversight and is unable to verify the organization's compliance with the following Standard for Charity Accountability: 1.
Central City Housing Ventures meets the remaining 17 Standards for Charity Accountability.
Back To Top

Programs

               

CCHV PROVIDES RENTAL ASSISTANCE, SUPPORTIVE SERVICES ASSISTANCE, AND STAFF SUPPORT FOR AN AFFORDABLE HOUSING RESIDENCE WITH ON-SITE SUPPORTIVE SERVICES.

For the fiscal year ended June 30, 2009, Central City Housing Ventures's program expenses were:

  
Grants and Allocations 2,057
Fundraising Events 1,266
Insurance 874
Office rent and utilities 400
Conferences, conventions, meetings 191
Telephone 190
Supplies 83
Postage 39
Printing and publications 15
Total Program Expenses: $5,115
Back To Top

Governance

               

Chief Executive : none, N/A
Compensation*:
 $

Chair of the Board: J. Duncan Moore
Chair's Profession / Business Affiliation: journalist

Co-Chair of the Board : Michael Miller

Chair's Profession / Business Affiliation: clergyman

Board Size: 13

Paid Staff Size: 0

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet, membership
Fund raising costs were 17% of related contributions. (Related contributions, which totaled $17,903, are donations received as a result of fund raising activities.)
Back To Top

Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top

Financial

               

The following information is based on Central City Housing Ventures's unaudited financial statements for the fiscal year ended June 30, 2009.

Source of Funds  
Contributions 17,903
Interest income 43
Total Income $17,946


chart



Uses of Funds as a % of Total Expenses

Programs: 52%  Fund Raising: 30%  Administrative: 18% 

Total income   $17,946
  Program expenses $5,115
  Fund raising expenses 3,002
  Administrative expenses 1,827
 
Total expenses   $9,944
Income in Excess of Expenses   8,002
Beginning net assets   8,029
Other Changes in Net Assets 19,422
Ending net assets   35,453
Total liabilities   21,588
Total assets   $57,041


Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity