Community Housing Partners Corporation
- Assets
- $210.9m
- Revenue
- $72.2m
- Investments
- $3.1m
- Employees
- 502
- Location
- Christiansburg, VA
- Founding
- 05/1980
- Data as of
- 12/2022
- EIN
- 54-1023025
Organization Overview
Community Housing Partners Corporation is located in Christiansburg, VA. The organization was established in 1980. 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 12/2022, Community Housing Partners Corporation employed 502 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Partners 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 12/2022, Community Housing Partners Corporation generated $72.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $74.2m during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHP PROVIDES HOUSING OPPORTUNITIES AND RELATED SERVICES TO INDIVIDUALS OF LOW-WEALTH IN THE U.S. OUR SERVICES INCLUDE THE DEVELOPMENT, CONSTRUCTION, PRESERVATION, WEATHERIZATION AND/OR MANAGEMENT OF HEALTHY AND SUSTAINABLE, AFFORDABLE HOUSING STOCK. CHP ALSO DELIVERS HOMEOWNERSHIP AND RESIDENT SERVICES THAT PROMOTE FINANCIAL LITERACY AND SUSTAINABILITY. IN ADDITION, WE OFFER EDUCATION AND TRAINING IN ENERGY AND CONSERVATION PRACTICES, WEATHERIZATION AND GREEN BUILDING. CHP WORKS EACH YEAR WITH THOUSANDS OF INDIVIDUALS AND FAMILIES, BUILDING PROFESSIONALS, HOMEOWNERS, AND OTHER PEOPLE IN NEED OF ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHP WORKS WITH PUBLIC AND PRIVATE PARTNERS TO PRESERVE AND CONSTRUCT AFFORDABLE RENTAL HOUSING FOR LOW-INCOME INDIVIDUALS AND HOUSEHOLDS ACROSS THE SOUTHEAST AND MID-ATLANTIC U.S. IN 2022, CHP COMPLETED CONSTRUCTION ON A 24 UNIT COMPLEX IN RICHMOND, VIRGINIA. CHP STARTED NEW REHABILITATION PROJECTS ON A 72 UNIT PROPERTY IN GALAX, VIRGINIA, 80 SENIOR HOUSING UNITS ACROSS 2 PROJECTS NEAR THE EASTERN SHORE OF VIRGINIA AND 32 SENIOR HOUSING UNITS IN INDEPENDENCE, VIRGINIA. CHP IS ALSO A CO-DEVELOPER ON A 279 UNIT, MULTIPLE BUILDING PROJECT LOCATED IN ALEXANDRIA, VIRGINIA THAT WILL BE PLACED IN SERVICE MID-2023 AND SERVE FAMILY AND SENIOR HOUSING NEEDS.
CHP OWNS OR MANAGES 6,484 UNITS OF MULTIFAMILY HOUSING SERVING LOW AND MODERATE-INCOME RESIDENTS. THE PORFOLIO MANAGED BY CHP INCLUDES HOUSING FOR SENIOR AND DISABLED, FORMERLY HOMELESS, SINGLE FEMALE HEADS-OF-HOUSEHOLD AND OTHER INDIVIDUALS AND FAMILIES OF LOW-INCOME. CHP'S SERVICES ALSO INCLUDE THE PROVISION OF RESIDENT SERVICES SUCH AS AFTER SCHOOL PROGRAMS, FINANCIAL LITERACY EDUCATION, JOB READINESS SKILLS BUILDING AND LEADERSHIP OPPORTUNITIES. IN 2022, CHP SUPPORTIVE SERVICE COORDINATORS AND OUR PARTNERS DELIVERED 105,599 UNITS OF PROGRAMMING TO OUR RESIDENTS. IN ADDITION, CHP IS A LICENSED REAL ESTATE COMPANY SERVING LOW TO MODERATE INCOME HOMEBUYERS. OUR CONTINUUM OF SERVICES INCLUDES SALES, ACCESS TO BELOW MARKET MORTGAGES, HOMEBUYER EDUCATION AND HOMEOWNERSHIP COUNSELING. IN 2022, CHP PROVIDED HOMEOWNERSHIP TRAINING TO 63 HOUSEHOLDS AND PROVIDED ACCESS TO DOWN PAYMENT ASSISTANCE AND MORTGAGES TO 3 FAMILIES. CHP REALTY SOLD 4 HOMES.
CHP PROVIDES WEATHERIZATION OF HOMES, EMERGENCY HOME REPAIRS, AND EMERGENCY HEATING AND COOLING ASSISTANCE TO VERY LOW-INCOME INDIVIDUALS AND FAMILIES ACROSS VIRGINIA. CHP'S ENERGY SOLUTIONS RESEARCH AND TRAINING CENTER PROVIDES TRAINING AND CERTIFICATION IN HEATING AND COOLING SERVICE AND INSTALLATION, DIAGNOSTIC TESTING AND CONSERVATION METHODS TO INDIVIDUALS, TECHNICIANS AND ORGANIZATIONS THAT SERVE LOW INCOME INDIVIDUALS ACROSS THE U.S. IN 2022, CHP PROVIDED WEATHERIZATION SERVICES FOR 5,953 HOUSEHOLDS AND SERVED 522 UNIQUE INDIVIDUALS IN WEATHERIZATION AND ENERGY CONSERVATION THROUGH OUR CHP ENERGY SOLUTIONS RESEARCH AND TRAINING CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Randolph Member | Trustee | 1 | $0 |
Susan Sisk Past Chair | Trustee | 1 | $0 |
Charles Famuliner Board Chair | Trustee | 1 | $0 |
Deborah Sherman-Lee Member | Trustee | 1 | $0 |
Ana Castilla Member | Trustee | 1 | $0 |
Racquel Reddie Vice Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quick Ac Quote Contractor | 12/30/22 | $2,382,535 |
Total Action For Progress Contractor | 12/30/22 | $942,735 |
Redi Carpet Contractor | 12/30/22 | $544,855 |
Dave's Diversified Services Contractor | 12/30/22 | $480,585 |
Bradley Electric Llc Contractor | 12/30/22 | $399,123 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,671,681 |
| All other contributions, gifts, grants, and similar amounts not included above | $346,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,018,345 |
| Total Program Service Revenue | $52,078,870 |
| Investment income | $563,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,545,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,485 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,240,138 |
| 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. | $1,888,076 |
| Compensation of current officers, directors, key employees. | $1,531,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,715,348 |
| Pension plan accruals and contributions | $928,868 |
| Other employee benefits | $1,989,191 |
| Payroll taxes | $1,326,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,063 |
| Fees for services: Accounting | $63,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $46,899 |
| Office expenses | $128,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,293,319 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,029,180 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,719,100 |
| Insurance | $474,288 |
| All other expenses | $1,327,565 |
| Total functional expenses | $74,238,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,609,506 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,477,066 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,178,462 |
| Inventories for sale or use | $5,787,026 |
| Prepaid expenses and deferred charges | $7,508,503 |
| Net Land, buildings, and equipment | $108,446,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,103,331 |
| Investments—program-related | $37,006,180 |
| Intangible assets | $0 |
| Other assets | $12,803,596 |
| Total assets | $210,920,103 |
| Accounts payable and accrued expenses | $1,759,816 |
| Grants payable | $1,630,700 |
| Deferred revenue | $32,535,467 |
| 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 | $69,617,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,826,262 |
| Total liabilities | $112,370,045 |
| Net assets without donor restrictions | $94,485,938 |
| Net assets with donor restrictions | $4,064,120 |
| 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 | $210,920,103 |