Cumberland Housing Alliance Inc
- Assets
- $792.1k
- Revenue
- $19.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cumberland, MD
- Founding
- 05/2000
- Data as of
- 03/2021
- EIN
- 52-2209492
Organization Overview
Cumberland Housing Alliance Inc is located in Cumberland, MD. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Housing Alliance 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 03/2021, Cumberland Housing Alliance Inc generated $19.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (38.6%) each year. All expenses for the organization totaled $47.6k during the year ending 03/2021. 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
OUR MISSION IS TO ADDRESS THE HOUSING AND COMMUNITY ECONOMIC DEVELOPMENT NEEDS OF LOW TO MODERATE INCOME RESIDENTS OF THE AREA THROUGH HOME OWNERSHIP OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHRP PROGRAM WAS DESIGNED TO REMOVE BLIGHTED PROPERTIES IN CUMBERLAND BY RENOVATING EXISTING OR BUILDING NEW REPLACEMENT HOUSING FOR LOW INCOME BUYERS. THE CITY OF CUMBERLAND, MD HAS COMMITTED TO SUPPLYING PROPERTIES OWNED BY THE CITY OF CUMBERLAND THROUGH TAX SALES AD ACQUISITIONS TO THE NEW PROGRAM. CUMBERLAND NEIGHBORHOOD HOUSING SERVICES, INC. GRANTED $500,000 TO THE ORGANIZATION IN THE PREVIOUS FISCAL YEAR TO THE ORGANIZATION DUE TO THE FUNDS PREVIOUSLY BEING FROM NEIGHBORWORKS AMERICA ORGANIZATION AND THE ORGANIZATION ENDED THEIR RELATIONSHIP WITH THE UNDERSTANDING THAT THE FUNDS WILL BE USED TOWARDS THE REVITALIZATION PROGRAM.
THE CUMBERLAND HOUSING ALLIANCE IS A SUB-RECIPIENT FOR A NEIGHBORHOOD CONSERVATION INITIATIVE GRANT THROUGH THE STATE OF MARYLAND TO ACQUIRE A FORECLOSED PARTIALLY CONSTRUCTED SUBDIVISION. NET PROCEEDS FROM SALES ARE PROGRAM INCOME FUNDS AND ARE REQUIRED TO BE WITH THE RECIPIENT, CUMBERLAND HOUSING AUTHORITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed CEO | Officer | 2 | $0 |
Eric Delaney Chairman | Officer | 0.1 | $0 |
Garland Kearney Vice-Chairman | Officer | 0.1 | $0 |
Bruce Irons Board Member | Officer | 0.1 | $0 |
Donna Monteleone Board Member | Officer | 0.1 | $0 |
Phil Crippen Board Member | Officer | 0.1 | $0 |
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 | $19,800 |
| 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 | $19,800 |
| 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 | $9,779 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| 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 | $3,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,600 |
| 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 | $0 |
| Insurance | $4,016 |
| All other expenses | $0 |
| Total functional expenses | $47,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $141,668 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,730 |
| Net Land, buildings, and equipment | $77,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $792,052 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $792,052 |
| Total liabilities and net assets/fund balances | $792,052 |
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|---|---|---|
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