Concord Housing Development Corp
- Assets
- $3.1m
- Revenue
- $162.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NH
- Founding
- 09/2002
- Data as of
- 09/2023
- EIN
- 02-0502885
Organization Overview
Concord Housing Development Corp is located in Concord, NH. The organization was established in 2002. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concord Housing Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Concord Housing Development Corp generated $162.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $52.4k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVOCATE, DEVELOP, OPERATE AND MANAGE AFFORDABLE HOUSING PROGRAMS TO PROVIDE DECENT, SAFE AND AFFORDABLE HOUSING FOR FAMILIES IN A MANNER THAT PROMOTES AND IMPROVES THE ECONOMIC INDEPENDENCE AND SOCIAL WELL BEING OF ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDRAISING, COMMUNITY OUTREACH, EDUCATION AND POLICY INITIATIVES TO SUPPORT AFFORDABLE HOUSING OPPORTUNITIES IN CONCORD, NH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Whatmough Chairperson | OfficerTrustee | 1 | $0 |
Peter F Burger Director | Trustee | 1 | $0 |
Jerry Madden Director | Trustee | 1 | $0 |
Jim Fowler Director | Trustee | 1 | $0 |
Dana Adams Vice Chair | OfficerTrustee | 1 | $0 |
Julie Palmeri Secretary/treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $70,649 |
| Investment income | $14,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $77,336 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,863 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,735 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,775 |
| Insurance | $0 |
| All other expenses | $16,800 |
| Total functional expenses | $52,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,233,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,690 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,037 |
| Net Land, buildings, and equipment | $1,846,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,118 |
| Total assets | $3,124,018 |
| Accounts payable and accrued expenses | $18,457 |
| Grants payable | $0 |
| Deferred revenue | $2,330 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $664,822 |
| Total liabilities | $685,609 |
| Net assets without donor restrictions | $2,438,409 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,124,018 |
Grants Awarded
Over the last fiscal year, Concord Housing Development Corp has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORD PARKS & RECREATION DEPARTMENT PURPOSE: SWIM LESSON SPONSORSHIP | $8,000 |
BOYS & GIRLS CLUBS OF CENTRAL NEW HAMPSHIRE PURPOSE: BREAKFAST PROGRAM | $8,000 |