Community Housing Development Corporation
- Assets
- $3.2m
- Revenue
- $134.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Salina, KS
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-2934188
Organization Overview
Community Housing Development Corporation is located in Salina, KS. The organization was established in 2006. 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, Community Housing Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Development 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 12/2022, Community Housing Development Corporation generated $134.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $228.7k during the year ending 12/2022. 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 QUALITY HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE-INCOME PERSONS BY DEVELOPING, PROMOTING, AND FACILITATING ACCESS TO AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST WITH NEEDS IN THE COMMUNITY FOR HOUSING FOR THE LOW AND MIDDLE INCOME GROUPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance H Cochran Chairman | OfficerTrustee | 2 | $0 |
Dahx Marrs Board Member | Trustee | 1 | $0 |
Kim Trigg Board Member | Trustee | 1 | $0 |
Amanda Barnett Board Member | Trustee | 1 | $0 |
Melinda Foster Board Member | Trustee | 1 | $0 |
Gary Hobbie Executive Di | Officer | 40 | $7,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,300 |
| Total Program Service Revenue | $85,722 |
| Investment income | $262 |
| 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 | -$5,687 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,283 |
| 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. | $7,038 |
| Compensation of current officers, directors, key employees. | $1,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $778 |
| Office expenses | $4,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,866 |
| Travel | $1,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,323 |
| Insurance | $13,870 |
| All other expenses | $1,210 |
| Total functional expenses | $228,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,036 |
| Savings and temporary cash investments | $90,253 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,402 |
| Prepaid expenses and deferred charges | $55,265 |
| Net Land, buildings, and equipment | $2,815,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,595 |
| Total assets | $3,159,981 |
| Accounts payable and accrued expenses | $22,722 |
| Grants payable | $0 |
| Deferred revenue | $23,000 |
| 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 | $2,908,420 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,984 |
| Total liabilities | $2,983,126 |
| Net assets without donor restrictions | $18,416 |
| Net assets with donor restrictions | $158,439 |
| 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 | $3,159,981 |