Corporation For Better Housing

The information for Corporation For Better Housing is as of the organization's most recent filing in December 2019. This organization is located in Woodland Hills, CA and was founded in 1996. It has been in existence for 23 years.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Corporation For Better Housing's NTEE code is L25. The "L" tells us that the organization is classified along with Housing & Shelter. The "25" tells us that the organization is a Housing Rehabilitation organization. The NTEE describes Housing Rehabilitation organizations as those that clear slums and renew or rehabilitate old housing and other structures in blighted and depressed residential neighborhoods in order to provide a safe, sanitary and pleasant place for people to live.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the Corporation For Better Housing hopes to achieve is by looking at its mission. The mission of the Corporation For Better Housing is to promote and assist in the development and improvement of low-income housing in the United States, principally in the state of California.

Program Areas

The organization has been dedicated to providing affordable housing to those in need, having successfully developed 4,000 units in 18 counties in California.

Organization Staffing

Corporation For Better Housing is run by John Eleftheriou, who is the CEO. The organization has 5 employees, of whom 1 is paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers currently associated with the organization.

Board Governance

The Corporation For Better Housing is well-governed, with three voting members and two independent members. Potential conflicts of interest do not exist and the organization has not delegated management to an outside firm. Board meetings are documented, as well as committee meetings, and the organization has a conflict of interest policy that requires disclosure of conflicts. The Corporation For Better Housing also has a document retention policy and substantiates and reviews leadership and officer salaries. Furthermore, the organization provides copies of the 990 to the board prior to filing. This demonstrates that the Corporation For Better Housing is committed to responsible and transparent governance.

Organization Growth

The Corporation For Better Housing has experienced growth over the six-year time period from 2013 to 2019. Program Service Revenue increased from $4.9M to $9.0M, and Investment Income increased from $96.5K to $141.6K. Total Revenue increased from $5.0M to $9.2M. While Employee Salaries decreased from $2.6M to $528.9K, Total Expenses decreased from $6.1M to $5.9M. Therefore, the Corporation For Better Housing has experienced growth over the given time period.