Capital Area Housing Partnership
- Assets
- $6.3m
- Revenue
- $10.2m
- Investments
- $339.7k
- Employees
- 45
- Location
- Lansing, MI
- Founding
- 07/1993
- Data as of
- 06/2023
- EIN
- 38-3099281
Organization Overview
Capital Area Housing Partnership is located in Lansing, MI. The organization was established in 1993. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Capital Area Housing Partnership employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Area Housing Partnership 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 06/2023, Capital Area Housing Partnership generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.5% each year . All expenses for the organization totaled $9.3m during the year ending 06/2023. While expenses have increased by 51.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPS NEIGHBORHOODS WITH A FOCUS ON AFFORDABLE HOUSING, HOMEOWNERSHIP, AND FINANCIAL SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO LOW-INCOME AND MODERATE TO LOW-INCOME HOUSEHOLDS OF MID-MICHIGAN TO PROVIDE SAFE, DECENT, AND AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene Cahill Director | Trustee | 1.5 | $0 |
Nate Kirk Director | Trustee | 1.5 | $0 |
Liz Harrow Director | Trustee | 1.5 | $0 |
Rick Ballard Director | Trustee | 1.5 | $0 |
Larry Rosen Director | Trustee | 1.5 | $0 |
Mark Meadows Director | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lj Trumble Builders Llc Architect And Builder | 6/29/19 | $346,677 |
Masterwork Llc Architect And Builder | 6/29/19 | $125,421 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,130 |
| Related organizations | $0 |
| Government grants | $9,009,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,958 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,199,566 |
| Total Program Service Revenue | $944,439 |
| Investment income | $24,406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,968 |
| Net Income from Fundraising Events | -$8,700 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,161,679 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,878,358 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,456 |
| Compensation of current officers, directors, key employees. | $1,489 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,266,405 |
| Pension plan accruals and contributions | $24,730 |
| Other employee benefits | $100,647 |
| Payroll taxes | $116,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $952 |
| Fees for services: Accounting | $46,541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,161 |
| Fees for services: Other | $88,734 |
| Advertising and promotion | $46,273 |
| Office expenses | $178,316 |
| Information technology | $48,478 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,882 |
| Insurance | $27,862 |
| All other expenses | $0 |
| Total functional expenses | $9,347,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,779,893 |
| Accounts receivable, net | $668,826 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,003,823 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,509 |
| Net Land, buildings, and equipment | $279,124 |
| Investments—publicly traded securities | $533,402 |
| Investments—other securities | $339,659 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,912 |
| Total assets | $6,322,558 |
| Accounts payable and accrued expenses | $173,590 |
| Grants payable | $0 |
| Deferred revenue | $1,326,053 |
| 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 | $685,910 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,185,553 |
| Net assets without donor restrictions | $4,137,005 |
| 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 | $6,322,558 |