Chaffee Housing Trust
- Assets
- $5.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Buena Vista, CO
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 26-2123010
Organization Overview
Chaffee Housing Trust is located in Buena Vista, CO. The organization was established in 2009. 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. As of 12/2022, Chaffee Housing Trust employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chaffee Housing Trust 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, Chaffee Housing Trust generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.7% each year . All expenses for the organization totaled $391.6k during the year ending 12/2022. While expenses have increased by 33.8% per year over the past 6 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
PROVIDE AFFORDABLE HOME OWNERSHIP AND RENTAL OPPORTUNITIES TO INDIVIDUALS, FAMILIES AND HOUSEHOLDS EARNING BELOW CERTAIN PERCENTAGES (80%, 60% & 120%) OF THE AREA MEDIAN INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOME OWNERSHIP AND RENTAL OPPORTUNITIES TO INDIVIDUALS, FAMILIES AND HOUSEHOLDS EARNING BELOW CERTAIN PERCENTAGES (80%, 60% & 120%) OF THE AREA MEDIAN INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Stephens President | OfficerTrustee | 0.5 | $0 |
Ken Matthews Vice President | OfficerTrustee | 0.5 | $0 |
Greg Follet Treasurer | OfficerTrustee | 0.5 | $0 |
Savanna Klimesh Director | Trustee | 0.5 | $0 |
Alex Restrepo Director | Trustee | 0.5 | $0 |
Cheryl Kovacic-Brown Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $485,875 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,272 |
| Noncash contributions included in lines 1a–1f | $122,415 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $694,147 |
| Total Program Service Revenue | $1,062,086 |
| Investment income | $168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,082 |
| 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 | $1,783,502 |
| 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 | $154,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,194 |
| Payroll taxes | $12,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,655 |
| Fees for services: Accounting | $26,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,280 |
| Advertising and promotion | $818 |
| Office expenses | $2,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,308 |
| Interest | $52,226 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,201 |
| Insurance | $37,091 |
| All other expenses | $7,552 |
| Total functional expenses | $391,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $651,367 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,311 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $985,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,805,241 |
| Total assets | $5,504,188 |
| Accounts payable and accrued expenses | $34,313 |
| 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 | $1,900,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,144 |
| Total liabilities | $1,958,828 |
| Net assets without donor restrictions | $3,516,410 |
| Net assets with donor restrictions | $28,950 |
| 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 | $5,504,188 |