Chwc Inc
- Assets
- $14.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 23
- Location
- Kansas City, KS
- Founding
- 06/1982
- Data as of
- 12/2023
- EIN
- 48-0934993
Organization Overview
Chwc Inc is located in Kansas City, KS. The organization was established in 1982. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Chwc Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chwc 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 12/2023, Chwc Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 8.3% per year over the past 9 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
INVEST IN THE POWER OF OUR NEIGHBORS TO BUILD COMMUNITIES THAT THRIVE FOR GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING AND REAL ESTATE DEVELOPMENT:WE BUILD AND RENOVATE HIGH QUALITY HOMES TO REVITALIZE NEIGHBORHOODS, INCREASE INVESTMENT IN OUR COMMUNITY'S VITAL INFRASTRUCTURE, AND CREATE LASTING ASSETS FOR FAMILIES. CHWC OFFERS AFFORDABLE NEW AND RENOVATED HOMES FOR SALE OR RENT. DURING 2023, CHWC CONTINUED REAL ESTATE DEVELOPMENT ACTIVITY ON OVER 60 LOTS, COMPLETED SEVEN (7) NEW HOMES, AND SOLD EIGHT (8) HOMES TO PROVIDE AFFORDABLE HOME OWNERSHIP FOR AREA FAMILIES.
HOMEOWNERSHIP PROMOTION AND PRESERVATION:WE ENABLE FAMILIES TO ACHIEVE, PRESERVE, AND SUSTAIN THEIR DREAM OF HOMEOWNERSHIP BY OFFERING FREE AND LOW-COST HOUSING COUNSELING, FINANCIAL EDUCATION, AND PURCHASE ASSISTANCE TO HOMEOWNERS IN WYANDOTTE COUNTY. DURING 2023, 295 CUSTOMERS WERE COUNSELED AND/OR EDUCATED AND 130 FAMILIES ACHIEVED OR SUSTAINED HOMEOWNERSHIP. CHWC PROVIDES LOANS TO HOMEOWNERS IN THE FORM OF FIRST MORTGAGES, SECOND MORTGAGES, OWNER-OCCUPIED REHAB LOANS, AND DEFERRED MORTGAGES. DURING 2023, CHWC PROVIDED ONGOING LOAN SERVICING TO OVER 30 HOMEOWNERS AND PROVIDED DOWN-PAYMENT ASSISTANCE TO 23 NEW HOMEOWNERS. MINOR HOME REPAIR ASSISTANCE GRANTS WERE PROVIDED TO 24 AREA HOMEOWNERS.
COMMUNITY BUILDING AND ENGAGEMENT:WE WORK TO IMPROVE THE QUALITY OF LIFE AND BUILD A SENSE OF COMMUNITY FOR RESIDENTS THROUGH THE CREATION AND SUPPORT OF COMMUNITY AMENITIES. CHWC ESTABLISHED THE EPIC CLAY STUDIO TO PROVIDE OPPORTUNITIES FOR PEOPLE TO LEARN, ENJOY, AND SHARE IN THE ARTS. CHWC HAS ALSO PARTNERED WITH THE LOCAL GOVERNMENT AND COMMUNITY ORGANIZATIONS TO BUILD LOCAL PARKS, GARDENS, AND GREENSPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Olivas Chair | OfficerTrustee | 2 | $0 |
Jackie Loya-Torres Vice Chair | OfficerTrustee | 2 | $0 |
Alayna Chipman Secretary | OfficerTrustee | 2 | $0 |
Joe Keller Treasurer | OfficerTrustee | 2 | $0 |
Jeremy Ash Director (term Start 12/2023) | Trustee | 1 | $0 |
Sister Therese Bangert Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jlm Construction John Mcpherson Construction Services | 12/30/22 | $117,899 |
Ac Constructionkyle Coleman Construction - Framing | 12/30/22 | $110,756 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $540,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,875,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,416,000 |
| Total Program Service Revenue | $574,048 |
| Investment income | $12,985 |
| 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 | -$87,320 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,915,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $573,577 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,714 |
| Compensation of current officers, directors, key employees. | $84,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $875,137 |
| Pension plan accruals and contributions | $9,288 |
| Other employee benefits | $70,080 |
| Payroll taxes | $104,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,340 |
| Fees for services: Accounting | $36,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $22,981 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $354,244 |
| Advertising and promotion | $19,174 |
| Office expenses | $110,124 |
| Information technology | $47,107 |
| Royalties | $0 |
| Occupancy | $73,567 |
| Travel | $21,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,866 |
| Interest | $84,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,263 |
| Insurance | $30,755 |
| All other expenses | $0 |
| Total functional expenses | $3,081,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $959,176 |
| Savings and temporary cash investments | $549,978 |
| Pledges and grants receivable | $212,131 |
| Accounts receivable, net | $1,030,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $736,061 |
| Inventories for sale or use | $7,953,580 |
| Prepaid expenses and deferred charges | $71,683 |
| Net Land, buildings, and equipment | $2,171,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $922,784 |
| Total assets | $14,607,661 |
| Accounts payable and accrued expenses | $553,925 |
| 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 | $9,709,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,263,744 |
| Net assets without donor restrictions | $3,898,416 |
| Net assets with donor restrictions | $445,501 |
| 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 | $14,607,661 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choctaw Home Finance Corporation Hugo, OK | $42,218,699 | $3,821,789 |
Chwc Inc Kansas City, KS | $14,607,661 | $2,915,713 |
Center Of Hope Inc Wichita, KS | $4,050,146 | $1,800,951 |
Homesfund Durango, CO | $17,114,956 | $1,998,807 |
Osage Financial Resources Inc An Oklahoma Non Profit Corporation Pawhuska, OK | $3,729,826 | $163,785 |
Cof Independent Living Inc Ottawa, KS | $1,038,527 | $567,314 |
Sense Of Security Inc Denver, CO | $256,320 | $207,995 |
Community For Christ Outreach Center Inc Sunrise Beach, MO | $265,086 | $0 |
Leaderone Lending A Hand Foundation Overland Park, KS | $83,816 | $0 |
Realtors Housing Assistance Fund Of Real Estate Board Of Met St Louis St Louis, MO | $7,198 | $0 |
Oklahoma Housing Foundation Oklahoma City, OK | $210,938 | $0 |
Lowry Community Land Trust Denver, CO | $0 | $315 |