Cch Development Corporation
- Assets
- $25.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Walnut Creek, CA
- Founding
- 11/2014
- Data as of
- 06/2022
- EIN
- 46-4477868
Organization Overview
Cch Development Corporation is located in Walnut Creek, CA. The organization was established in 2014. 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 06/2022, Cch Development Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cch Development Corporation 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 06/2022, Cch Development Corporation generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
TO PROVIDE DEVELOPMENT SERVICES FOR CCH HOUSING PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DEVELOPMENT SERVICES FOR CCH HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Lang Chairman | OfficerTrustee | 0.15 | $0 |
Leslie Taylor Vice Chair | OfficerTrustee | 0.15 | $0 |
Hartzell Cobbs Vice Chair | OfficerTrustee | 0.15 | $0 |
Nicholas Kolivas Treasurer | OfficerTrustee | 0.15 | $0 |
Mary D Turner Secretary | OfficerTrustee | 0.15 | $0 |
Edward Gomez Director | Trustee | 0.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Old Republic Title Co Title Escrow | 6/29/21 | $755,054 |
Cm Wong Architecture Architect | 6/29/21 | $337,128 |
California Housing Finance Agency Lender | 6/29/21 | $233,250 |
Zenith Engineering Inc Consultant | 6/29/21 | $149,065 |
Smithgroup Inc Architect | 6/29/21 | $124,870 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,835,934 |
| Investment income | $0 |
| 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 | $1,835,934 |
| 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 | $631,195 |
| Pension plan accruals and contributions | $48,475 |
| Other employee benefits | $70,212 |
| Payroll taxes | $44,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,633 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,736 |
| 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 | $0 |
| Insurance | $9,105 |
| All other expenses | $1,876 |
| Total functional expenses | $1,122,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,868 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,042,883 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $717,170 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49 |
| Net Land, buildings, and equipment | $5,048,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,018,622 |
| Intangible assets | $0 |
| Other assets | $3,226,504 |
| Total assets | $25,550,731 |
| Accounts payable and accrued expenses | $259,909 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,557,502 |
| Total liabilities | $10,817,411 |
| Net assets without donor restrictions | $14,733,320 |
| 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 | $25,550,731 |