Champ Homes Inc
- Assets
- $1.9m
- Revenue
- $658.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Hyannis, MA
- Founding
- 03/1989
- Data as of
- 12/2022
- EIN
- 04-3006010
Organization Overview
Champ Homes Inc is located in Hyannis, MA. The organization was established in 1989. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Champ Homes Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champ Homes Inc 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 12/2022, Champ Homes Inc generated $658.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $733.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OUR NEIGHBORS ON CAPE COD AND THE ISLANDS WITH AN AFFORDABLE, SUPPORTIVE HOME WHERE EACH PERSON MAY MOVE TOWARDS HIS OR HER FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"CHAMP HOMES, INC. (CHI) CONTINUES TO BE A LEADER IN THE CAPE COD COMMUNITY BY HOUSING THOSE WHO FALL THROUGH THE GAPS IN OTHER HOUSING PROGRAMS. OUR RESIDENTS COME FROM A VARIETY OF BACKGROUNDS WITH A COMMON CHARACTERISTIC OF THEIR LIFE BEING THEY WERE EITHER HOMELESS OR NEAR HOMELESSNESS WHEN THEY ARRIVED AT CHI. THE HOMES AT OUR 82 SCHOOL STREET CAMPUS CONTINUED TO SERVE A POPULATION FROM A VARIETY OF BACKGROUNDS. IN 2019, CHAMP HOMES, INC. SERVED APPROXIMATELY 80 INDIVIDUALS. THE READY HOME SERVES MOSTLY HEAD INJURED INDIVIDUALS AND MOST OF THE CASE MANAGEMENT AND LIFE SKILLS WORK IS SHARED WITH THE COMMUNITY SUPPORT ASSOCIATES, A FOR-PROFIT ORGANIZATION SERVING THE HEAD INJURED UNDER CONTRACT WITH THE STATE HEAD INJURED PROGRAM. THE ALICE O'NEILL HOUSE'S POPULATION HOUSES THOSE IN NEED OF SHORT-TERM AND LONGER TERM TRANSITIONAL HOUSING. CHAMP HOMES, INC. PROVIDES THE HOUSING COMPONENT OF THE PROGRAM AND ADDITIONAL CASE AND LIFE SKILLS SUPPORT. CHAMP HOMES CONTINUES TO INCREASE LIFE SKILLS TRAINING WITH OUTSIDE CONTRACTED CONSULTANTS TO OFFER EDUCATIONAL AND JOB SEARCH SUPPORT TO RESIDENTS WHO WOULD BENEFIT FROM THESE PROGRAMS. THROUGHOUT THE YEAR CHI ALSO OFFERED DAILY NUTRITION, AND PATHWAYS TO HEALTH AND VARIOUS PROGRAMS TO RESIDENTS TO HELP IMPROVE THEIR WELL-BEING. CHI UTILIZES "A HAND UP" RATHER THAN A "HAND OUT" APPROACH. CHAMP HOMES, INC. CONTINUES TO DO CONSIDERABLE NETWORKING WITHIN THE COMMUNITIES IN ORDER TO BUILD A MORE SUPPORTIVE COMMUNITY RESPONSE TO THE ROOT CAUSES OF HOMELESSNESS AND TO BUILD COMMUNITY WHEREVER AND WHENEVER POSSIBLE. FINALLY, THE ORGANIZATION SUPPORTS TEAM M25 AND ITS PROGRAMS. "
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Boudreau President | OfficerTrustee | 2 | $0 |
Sarah Colvin Secretary | OfficerTrustee | 2 | $0 |
Robert Schulte Treasurer | OfficerTrustee | 2 | $0 |
Cheryl Kramer Director | Trustee | 1 | $0 |
Craig Hovda Director | Trustee | 1 | $0 |
Laurie Mcanaugh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $160,105 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,476 |
| Total Program Service Revenue | $299,719 |
| Investment income | $2,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$883 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $658,227 |
| 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 | $236,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,548 |
| Payroll taxes | $20,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,247 |
| Advertising and promotion | $0 |
| Office expenses | $14,315 |
| Information technology | $11,737 |
| Royalties | $0 |
| Occupancy | $60,684 |
| Travel | $2,038 |
| 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 | $57,680 |
| Insurance | $40,838 |
| All other expenses | $6,642 |
| Total functional expenses | $733,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,357 |
| Savings and temporary cash investments | $529,586 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,721 |
| 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 | $22,592 |
| Net Land, buildings, and equipment | $1,225,249 |
| Investments—publicly traded securities | $13,909 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,207 |
| Total assets | $1,911,621 |
| Accounts payable and accrued expenses | $25,893 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $25,893 |
| Net assets without donor restrictions | $1,882,521 |
| Net assets with donor restrictions | $3,207 |
| 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 | $1,911,621 |