Community Housing Inc
- Assets
- $56.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 52-1804975
Organization Overview
Community Housing Inc is located in Silver Spring, MD. The organization was established in 1994. 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. This organization is the central organization for a national or regional group of organizations. Community Housing 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 12/2021, Community Housing Inc generated $5.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HOUSING INC. (CHI) PROVIDES TECHNICAL SUPPORT IN THE AQUISITION, FINANCING AND/OR REHABILITATION OF NUMEROUS PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian P Mclaughlin President | OfficerTrustee | 1 | $0 |
Todd Del Tufo Vp, Asset Management (as Of 06/2021) | OfficerTrustee | 1 | $0 |
Christine Madigan Executive VP & Chief Business Officer | OfficerTrustee | 1 | $0 |
Christopher Lopiano Svp, Real Estate & Dir. (until 5/21) | Officer | 1 | $0 |
Stephanie Shack General Counsel & Secretary | Officer | 1 | $0 |
Robert Fossi Svp, Real Estate Dev. (as Of 12/21) | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silver Sm Co Llc Real Estate Investment Consultants | 12/30/21 | $401,962 |
Jackson Ward Multifamily Llc Rental Services | 12/30/21 | $105,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,000 |
| 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 | $75,000 |
| Total Program Service Revenue | $3,373,628 |
| Investment income | $2,345,852 |
| 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 | $5,794,480 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,180,463 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $569,895 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $346,676 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $659,359 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,948,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,901,747 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,281 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,818,494 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,819 |
| Net Land, buildings, and equipment | $1,024,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $196,747 |
| Intangible assets | $1,085,041 |
| Other assets | $26,149,482 |
| Total assets | $56,471,232 |
| Accounts payable and accrued expenses | $1,112,520 |
| 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 | $2,397,008 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,417,960 |
| Total liabilities | $15,927,488 |
| Net assets without donor restrictions | $40,543,744 |
| 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 | $56,471,232 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Housing Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: See Part IV | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |