Community Housing Corporation Of America Inc
- Assets
- $62.0m
- Revenue
- $20.5m
- Investments
- $0.0
- Employees
- 2
- Location
- St Paul, MN
- Founding
- 07/1996
- Data as of
- 12/2022
- EIN
- 36-3728180
Organization Overview
Community Housing Corporation Of America Inc is located in St Paul, MN. The organization was established in 1996. 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, Community Housing Corporation Of America Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Corporation Of America 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 12/2022, Community Housing Corporation Of America Inc generated $20.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $6.9m during the year ending 12/2022. 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 MODERATE AND LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HOUSING CORPORATION (CHC) IS A NONPROFIT COMPANY THAT SEEKS OUT OPPORTUNITIES TO CREATE AND MAINTAIN AFFORDABLE HOUSING. CHC IDENTIFIES AND DEVELOPS PROPERTIES AND WORKS WITH LOCAL GOVERNMENTAL AGENCIES TO ENHANCE THE AFFORDABILITY OF HOUSING FOR SENIORS, FAMILIES, AND INDIVIDUALS. COMMUNITY HOUSING CORPORATION IS PROUD TO PROVIDE WELL MAINTAINED AND ATTRACTIVE AFFORDABLE HOUSING. CHC PROVIDES OVER 1,750 LIVING UNITS ACROSS 5 PROPERTIES IN TEXAS AND 4 PROPERTIES IN MINNESOTA TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. CONTINUED ON SCHEDULE O...CHC CONTRACTS WITH SHELTER CORPORATION, WHICH MANAGES CHC PROPERTIES AND WORKS WITH CHC TO PROVIDE BEAUTIFUL LIVING SPACES FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN MINNESOTA AND TEXAS. CHC'S APARTMENT BUILDINGS OFFER A RANGE OF AMENITIES FOR THE INDIVIDUALS AND FAMILIES WE SERVE. THESE VARY BY PROPERTY BUT MAY INCLUDE: IN-UNIT WASHERS AND DRYERS, FIREPLACES, WALK-IN CLOSETS, COMMUNITY GARDENS, SWIMMING POOLS, ADJACENT DAYCARE CENTERS, KID'S CLUBS AND PLAYGROUNDS, PRIVATE PATIOS, SUNDECKS AND BALCONIES, WALKING PATHS AND PICNIC AREAS WITH GRILLS, BUSINESS CENTERS, FITNESS CENTERS AND BASKETBALL COURTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Landwehr Marshall President | OfficerTrustee | 15 | $90,000 |
Norman Nelson Director | Trustee | 9 | $40,000 |
Richard Martin Vice President/secretary | OfficerTrustee | 9 | $26,850 |
Ken Johnson Vice President/treasurer | OfficerTrustee | 9 | $0 |
Genevie Reyes Director | Trustee | 9 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shelter Corporation Management Services & Reimbursed Payroll | 12/30/21 | $4,472,990 |
Tpi Painting Inc Painting & Construction | 12/30/21 | $1,130,961 |
Hd Supply Maintenance & Supplies | 12/30/21 | $454,209 |
Ai Painting Services Llc Painting & Remodeling | 12/30/21 | $332,339 |
Waste Management Of Texas Inc Waste Removal | 12/30/21 | $256,026 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,619,999 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $1,619,999 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,619,999 |
| Total Program Service Revenue | $5,403,954 |
| Investment income | $1,072,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,404,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,501,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,700 |
| 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. | $156,850 |
| Compensation of current officers, directors, key employees. | $156,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,119 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,543 |
| Payroll taxes | $16,051 |
| Fees for services: Management | $246,029 |
| Fees for services: Legal | $47,356 |
| Fees for services: Accounting | $123,584 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,666 |
| Fees for services: Other | $646,945 |
| Advertising and promotion | $35,913 |
| Office expenses | $73,323 |
| Information technology | $21,216 |
| Royalties | $0 |
| Occupancy | $1,182,010 |
| Travel | $3,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,492,458 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,333,680 |
| Insurance | $472,143 |
| All other expenses | $0 |
| Total functional expenses | $6,917,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,122,948 |
| Savings and temporary cash investments | $3,956,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,203 |
| 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 | $235,127 |
| Net Land, buildings, and equipment | $16,073,928 |
| Investments—publicly traded securities | $36,120,710 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,469,111 |
| Total assets | $62,045,263 |
| Accounts payable and accrued expenses | $7,251,942 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $687,910 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $33,305,754 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $106,096 |
| Total liabilities | $41,351,702 |
| Net assets without donor restrictions | $20,693,561 |
| 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 | $62,045,263 |