Community Housing Inc
- Assets
- $74.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 03/1994
- Data as of
- 12/2022
- 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 12/2022, Community Housing Inc generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 8 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Mclaughlin President | OfficerTrustee | 1 | $0 |
Christine Madigan Evp & Chief Business Officer | OfficerTrustee | 1 | $0 |
Todd Del Tufo Vp, Asset Management | OfficerTrustee | 1 | $0 |
Jeffrey Galentine Treasurer | Officer | 1 | $0 |
Kelly Shiflett SVP & CFO | Officer | 1 | $0 |
Linda Manley Clo & Secretary As Of 12/2022 | 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 | $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 | $2,108,234 |
| Investment income | $2,197,450 |
| 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 | $4,305,684 |
| 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 | $3,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,240 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,402 |
| 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 | $341,887 |
| Insurance | $0 |
| All other expenses | $310 |
| Total functional expenses | $2,224,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,137,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,125,591 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,819 |
| Net Land, buildings, and equipment | $147,064 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$299,414 |
| Intangible assets | $0 |
| Other assets | $45,745,820 |
| Total assets | $74,237,576 |
| Accounts payable and accrued expenses | $1,325,383 |
| 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 | $2,543,754 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,934,635 |
| Total liabilities | $18,803,772 |
| Net assets without donor restrictions | $55,433,804 |
| 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 | $74,237,576 |