Cfh Inc
- Assets
- $5.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Dumfries, VA
- Founding
- 03/1981
- Data as of
- 06/2022
- EIN
- 54-1121171
Organization Overview
Cfh Inc is located in Dumfries, VA. The organization was established in 1981. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cfh 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 06/2022, Cfh Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
CFH EMPOWERS INDIVIDUALS AND FAMILIES TO SUCCESSFULLY CREATE A SUSTAINABLE HOME IN WHICH THEY CAN ACHIEVE THEIR GOALS AND ALLOW THEIR CHILDREN TO BUILD THEIR DREAMS AND REACH THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4A. RENTAL PROGRAMS. CFH BEGAN OWNING AND MANAGING RENTAL PROPERTIES IN 2008; CFH OWNS 7 AFFORDABLE DWELLING UNITS (ADU) IN ARLINGTON AND 2 IN FAIRFAX. IN ADDITION, CFH OWN 5 WORKFORCE RENTAL UNITS IN FREDERICKSBURG. ALL CFH TENANTS FALL WITHIN THE LOW TO MODERATING INCOME CATEGORY. CFH ALSO CO-OWNS ITS ORIGINAL APARTMENT COMPLEX DEVELOPMENT, A 30-UNIT APARTMENT COMPLEX IN FAIRFAX. NATIONAL HOUSING TRUST IS THE MANAGING PARTNER. IN JANUARY 2018, CFH PURCHASED A MOBILE HOME PARK, WHICH IS PROVIDING HOMES TO 56 HOUSEHOLDS. THE CFH RENTAL PROGRAM PROVIDES RENTAL HOUSING OPPORTUNITIES TO APPROXIMATELY 400 INDIVIDUALS A YEAR.
4B. ARS PROGRAM - THE COLLABORATIVE PROGRAM OF THE VIRGINIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT ( DHCD) AND THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY (VHDA) FEATURES A $1.5 MILLION FUND DESIGNED TO HELP FIRST-TIME BUYERS BECOME OWNERS. ARS GRANTEES WILL ACQUIRE HOMES WITH LEVERAGED FUNDING, RENOVATE THE HOMES WITH ARS FUNDING AND THEM RESELL THE HOMES AT FAIR MARKET VALUE. ALL ACTIVITIES FUNDED THROUGH ARS WILL BENEFIT INDIVIDUALS AND FAMILIES WITH INCOME BELOW 80 PERCENT OF THE MEDIIAN INCOME (AMI).
4C. LINTON HALL PROGRAM - THE ORGANIZATION DEVELOPED AND SOLD 19 LOTS IN THIS PROGRAM. AS THE ORIGINAL BUYERS WHO UTILIZED FEDERAL HOME FUNDS FOR THE DOWNPAYMENT WHEN THEY ACQUIRED THEIR HOMES SOLD THEIR HOMES, THE ORGANIZATION RECEIVED $95,064 AS PAYMENT FOR THE EQUITY SHARING FROM THE SALE DURING THE YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Thomas Vice President | OfficerTrustee | 1 | $0 |
Christopher Daniels Director | Trustee | 1 | $0 |
Harry Hart Director | Trustee | 1 | $0 |
Susan Hoffler-Goodman Director | Trustee | 1 | $0 |
Brian Tully Mclaughlin Secretary | OfficerTrustee | 1 | $0 |
Scott Sterling Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,551 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,626 |
| Total Program Service Revenue | $664,982 |
| Investment income | $273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,689 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,344,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,337 |
| 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 | $330,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,997 |
| Payroll taxes | $26,950 |
| 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 | $108,806 |
| Advertising and promotion | $1,228 |
| Office expenses | $0 |
| Information technology | $6,868 |
| Royalties | $0 |
| Occupancy | $22,512 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,496 |
| Insurance | $8,031 |
| All other expenses | $31,976 |
| Total functional expenses | $1,221,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,546,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,706 |
| Accounts receivable, net | $16,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,004 |
| Net Land, buildings, and equipment | $3,744,337 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $82,172 |
| Other assets | $375,508 |
| Total assets | $5,806,371 |
| Accounts payable and accrued expenses | $39,747 |
| Grants payable | $0 |
| Deferred revenue | $6,517 |
| 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 | $4,330,075 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,604 |
| Total liabilities | $4,409,943 |
| Net assets without donor restrictions | $1,232,782 |
| Net assets with donor restrictions | $163,646 |
| 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 | $5,806,371 |