Churchpeople Housing Management Services Inc
- Assets
- $6.3m
- Revenue
- $521.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Corning, NY
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 22-2523356
Organization Overview
Churchpeople Housing Management Services Inc is located in Corning, NY. The organization was established in 1988. 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. Churchpeople Housing Management Services Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Churchpeople Housing Management Services Inc generated $521.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $772.7k during the year ending 12/2021. While expenses have increased by 0.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RENTAL OF REAL ESTATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHURCHPEOPLE HOUSING MANAGEMENT SERVICES, INC. - A HOLDING COMPANY FOR THE PURPOSE OF RENTING REAL ESTATE TO NON-PROFIT ORGANIZATIONS AND LOW-INCOME HOUSEHOLDS.
HOPE HOUSE ONE, LLC - A LIMITED LIABILITY COMPANY FORMED TO OWN HOPE HOUSE, A RENTAL PROJECT. HOPE HOUSE IS SOLELY OWNED BY CHURCHPEOPLE HOUSING MANAGEMENT SERVICES, INC.
SENECA STREET STATION APARTMENTS - A 22-UNIT RENTAL HOUSING PROJECT FOR PERSONS OF LOW AND MODERATE INCOME. ALSO CONTAINS 6 COMMERCIAL RENTAL UNITS AND 4 UNITS RENTED BY ARBOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Bull President | OfficerTrustee | 1 | $0 |
Brian Mcconnell Vice President | OfficerTrustee | 1 | $0 |
Kevin Konopski Secretary | OfficerTrustee | 1 | $0 |
Jessica Smith Treasurer | OfficerTrustee | 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 | $514,300 |
| Investment income | $2,062 |
| 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 | $521,157 |
| 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 | $49,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $58,500 |
| Fees for services: Legal | $314 |
| 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 | $9,975 |
| Advertising and promotion | $0 |
| Office expenses | $5,638 |
| Information technology | $3,498 |
| Royalties | $0 |
| Occupancy | $79,408 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $255,478 |
| Insurance | $59,983 |
| All other expenses | $1,846 |
| Total functional expenses | $772,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,069,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,948 |
| 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 | $18,623 |
| Net Land, buildings, and equipment | $4,783,073 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $393,306 |
| Total assets | $6,270,676 |
| Accounts payable and accrued expenses | $162,694 |
| Grants payable | $0 |
| Deferred revenue | $4,595 |
| 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 | $4,390,760 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,419,474 |
| Total liabilities | $5,977,523 |
| Net assets without donor restrictions | $293,153 |
| 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 | $6,270,676 |
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