Community Housing Initiative Inc
- Assets
- $1.9m
- Revenue
- $935.0k
- Investments
- $81.7k
- Employees
- 16
- Location
- Whitestown, IN
- Founding
- 05/1998
- Data as of
- 10/2021
- EIN
- 35-2036890
Organization Overview
Community Housing Initiative Inc is located in Whitestown, IN. The organization was established in 1998. 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 10/2021, Community Housing Initiative Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Initiative 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 10/2021, Community Housing Initiative Inc generated $935.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $900.1k during the year ending 10/2021. While expenses have increased by 3.7% 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
AFFORDABLE HOUSING - SEE PART III LINE 1 FOR MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY AND DISABLED INDIVIDUALS SUBSIDIZED BY A CONTRACT WITH U.S. DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT. COMMUNITY HOUSING IS MADE UP OF SIX APARTMENT COMPLEXES LOCATED IN INDIANA AND ARIZONA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell L Walters President | OfficerTrustee | 2 | $0 |
Stephanie J Walters Secretary | OfficerTrustee | 2 | $0 |
Steven K Walters VP | OfficerTrustee | 2 | $0 |
Anna Willcox Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $613,767 |
| Investment income | $23 |
| 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 | $934,991 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $117,734 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,967 |
| Payroll taxes | $9,917 |
| Fees for services: Management | $76,161 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $20,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,177 |
| Office expenses | $24,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $222,160 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,424 |
| Interest | $199,734 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,207 |
| Insurance | $36,768 |
| All other expenses | $0 |
| Total functional expenses | $900,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,598 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,949 |
| 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 | $10,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $81,696 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $329,289 |
| Total assets | $1,917,804 |
| Accounts payable and accrued expenses | $32,349 |
| 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 | $3,034,455 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,387 |
| Total liabilities | $3,139,191 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,221,387 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |