Chautauqua Lutheran Housing Development Fund Co Inc

Organization Overview

Chautauqua Lutheran Housing Development Fund Co Inc is located in Jamestown, NY. The organization was established in 1988. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. Chautauqua Lutheran Housing Development Fund Co 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 12/2018, Chautauqua Lutheran Housing Development Fund Co Inc generated $782.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $283.0k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

HUD SUBSIDIZED HOUSING FOR THE ELDERLY

Describe the Organization's Program Activity:

Part 3 - Line 4a

U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT SECTION 207, PURSUANT TO SECTION 223(F)PROJECT - 31 SUBSIDIZED HOUSING UNITS FOR THE ELDERLY. AS FURTHER DESCRIBED IN SCHEDULE N, DURING 2018, HUD APPROVED A PURCHASE AND SALE AGREEMENT WTIH HOUSING PRESERVATION, INC. COVERING ALL OF THE PROJECT'S REAL, PERSONAL, AND INTANGIBLE PROPERTY. THE TRANSACTION CLOSED ON AUGUST 31, 2018, WITH ALL RENTAL OPERATIONS CEASING AS OF THAT DATE. THE CORPORATION IS CURRENTLY IN THE PROCESS OF DISSOLVING.


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Board, Officers & Key Employees

Name (title)Compensation
Gary M Johnson
Treasurer
$0
Brigetta Overcash
Secretary
$0
Terry Turner
Chair
$0
Karen Rine
Vice Chair
$0
Thomas E Holt
President/ceo
$0
Jason W Beckwith
CFO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $132,922
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$132,922
Total Program Service Revenue$64,476
Investment income $134
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $584,609
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $782,141

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