Chatham Gardens Housing Corporation
- Assets
- $7.7m
- Revenue
- $1.7m
- Investments
- $344.2k
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 11/1995
- Data as of
- 03/2022
- EIN
- 16-0863402
Organization Overview
Chatham Gardens Housing Corporation is located in Rochester, NY. The organization was established in 1995. 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. Chatham Gardens Housing Corporation 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 03/2022, Chatham Gardens Housing Corporation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.7m during the year ending 03/2022. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 HOUSING FOR LOW TO MIDDLE INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHATHAM GARDENS HOUSING CORPORATION IS A CORPORATION ORGANIZED ON A NOT-FOR-PROFIT BASIS, TO PROVIDE HOUSING ACCOMMODATIONS FOR LOW TO MIDDLE INCOME FAMILIES RESIDING IN THE CITY OF ROCHESTER - 184 UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret J Hill President | OfficerTrustee | 2 | $0 |
Richard Mueller Chairman | OfficerTrustee | 0 | $0 |
James A Costanza Director | OfficerTrustee | 0 | $0 |
Scott Procious Treasurer/secretary | Officer | 4 | $0 |
R Carlos Carballada Director | Trustee | 0 | $0 |
Carol Wheeler Director | Trustee | 0 | $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 | $1,682,533 |
| Investment income | $232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,682,765 |
| 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 | $294,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,253 |
| Payroll taxes | $0 |
| Fees for services: Management | $148,515 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,047 |
| Advertising and promotion | $15,346 |
| Office expenses | $950 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $261,160 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $149,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $377,417 |
| Insurance | $80,720 |
| All other expenses | $6,208 |
| Total functional expenses | $1,704,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,525,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,950 |
| 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 | $65,613 |
| Net Land, buildings, and equipment | $5,280,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $344,231 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $507,995 |
| Total assets | $7,745,281 |
| Accounts payable and accrued expenses | $75,664 |
| Grants payable | $0 |
| Deferred revenue | $8,541 |
| 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 | $3,128,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $372,045 |
| Total liabilities | $3,584,322 |
| Net assets without donor restrictions | $0 |
| 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 | $4,160,959 |
| Total liabilities and net assets/fund balances | $7,745,281 |
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Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
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Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |