CHESAPEAKE HEALTH EDUCATION PROGRAM INC
Mission Statement
We EMPOWER unhoused veterans, and those about to be unhoused, by providing them with housing and by maximizing access to supportive services so they may create positive and sustainable change in their lives and in their communities. MAt PEOPLE MM We EMPOWER unhoused persons, and those about to be unhoused, by providing them with housing and needed resources. We support individuals, families, agencies, causes, and sister non-profits. We strive to drive action, and present a united front against the root causes PROFESSIONALS We EMPOWER professionals through CHEP Education by providing best-in-class educational seminars and programs that meet continuing education requirements. We also deliver conference management and overall consulting services. Our goal is to arm professionals with the tools needed to serve the veteran and non-veteran communities.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.5% | 85.5% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.9% | 11.3% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.6% | 0.4% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
180.4% | 121.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.7 mo | 8.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
25.4% | 13.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
94.1% | 93.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-14.5% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-3.6% | 7.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-9.9% | 1.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.2M | $3.6M | $2.6M | 77.5% | 29 |
| 2023 | $3.8M | $3.7M | $1.5M | 87.3% | 21 |
| 2022 | $2.8M | $3.2M | $1.2M | 84.4% | 21 |
| 2021 | $1.7M | $2.0M | N/A | — | 23 |
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