Community Housing Trust Of Sarasota Inc
- Assets
- $2.3m
- Revenue
- $17.0k
- Investments
- $42.2k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 04/2007
- Data as of
- 09/2021
- EIN
- 20-3326508
Organization Overview
Community Housing Trust Of Sarasota Inc is located in Sarasota, FL. The organization was established in 2007. 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. Community Housing Trust Of Sarasota 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 09/2021, Community Housing Trust Of Sarasota Inc generated $17.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (29.0%) each year. All expenses for the organization totaled $24.4k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE PERMANENTLY AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. CHT WORKS WITH PUBLIC, PRIVATE, AND OTHER NON-PROFIT GROUPS AND PARTNERS WITH FINANCIAL INSTITUTIONS AND GREAT SOURCES TO INCREASE THE SUPPLY OF AFFORABLE HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYER ASSISTED HOUSING PROGRAM - THE ORGANIZATION INTENDS TO CREATE PERMANENT AFFORDABILITY BY ACQUIRING LAND AND BUILDING HOMES FOR QUALIFIED INDIVIDUALS. A LOW MARKET NINETY-NINE YEAR GROUND LEASE ON THE LAND IN EXCHANGE FOR A BELOW-MARKET RATE PURCHASE PRICE FOR THEIR HOME INCLUDES A PURCHASE OPTION FOR THE ORGANIZATION TO PURCHASE THE HOUSE IF THE BUYER INTENDS TO SELL. FURTHER, IF THE BUYER SELLS THE HOUSE AT A FUTURE DATE TO A QUALIFIED THIRD PARTY, THE ORGANIZATION HAS THE RIGHT TO RECEIVE A PERCENTAGE OF THE APPRECIATED VALUE OF THE HOUSE AS DEFINED IN THE AGREEMENT.
ROADMAP TO HOME OWNERSHIP - PROVIDE COUNSELING AND FINANCIAL ASSISTANCE TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Baker President | OfficerTrustee | 1 | $0 |
George Mcgonagill Vice Preside | OfficerTrustee | 1 | $0 |
Rod Hershberger Director | Trustee | 1 | $0 |
Garree Nace Director | Trustee | 1 | $0 |
Donna Washko Director | Trustee | 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 | $479 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,544 |
| 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 | $17,026 |
| 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 | $1,471 |
| 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 | $13,000 |
| Advertising and promotion | $0 |
| Office expenses | $38 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,034 |
| 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 | $1,786 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,969 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $449 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,263,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $42,228 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,313,615 |
| Accounts payable and accrued expenses | $158 |
| 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 | $158 |
| Net assets without donor restrictions | $2,313,457 |
| 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 | $2,313,615 |
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