Charities Housing Development Corp Of Santa Clara County
- Assets
- $185.4m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 83
- Location
- San Jose, CA
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 77-0359848
Organization Overview
Charities Housing Development Corp Of Santa Clara County is located in San Jose, CA. The organization was established in 1946. 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. As of 12/2022, Charities Housing Development Corp Of Santa Clara County employed 83 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Charities Housing Development Corp Of Santa Clara County 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, Charities Housing Development Corp Of Santa Clara County generated $12.2m 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 (10.9%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charities Housing Development Corp Of Santa Clara County has awarded 12 individual grants totaling $287,179. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACT AS A DEVELOPER OF PUBLICLY ASSISTED HOUSING FOR LOW TO MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITIES HOUSING DEVELOPMENT CORPORATION DEVELOPS QUALITY, AFFORDABLE, HOUSING FOR EXTREMELY LOW AND MODERATE-INCOME FAMILIES.
THE ORGANIZATION IS CURRENTLY MANAGING 1,252 PUBLICLY ASSISTED HOUSING PROPERTIES (1,090 DIRECTLY MANAGED) AVAILABLE TO EXTREMELY LOW AND MODERATE-INCOME HOUSEHOLDS. THROUGH SERVICE-ENHANCED PROPERTY MANAGEMENT AND STRUCTURED RESIDENT INVOLVEMENT, CHDC CONTRIBUTES TO THE HIGHEST STANDARDS OF HUMAN DIGNITY AND PARTICIPATION IN OUR COMMUNITY.2,142 PERSONS WERE SERVED DURING THE YEAR.
THE ORGANIZATION OWNS AND OPERATES 282 UNITS OF HOUSING FOR LOW AND MODERATE-INCOME HOUSEHOLDS. THROUGH SERVICE-ENHANCED PROPERTY MANAGEMENT AND STRUCTURED RESIDENT INVOLVEMENT, CHDC CONTRIBUTES TO THE HIGHEST STANDARDS OF HUMAN DIGNITY AND PARTICIPATION IN OUR COMMUNITY.409 PERSONS WERE SERVED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Knoblock Secretary | OfficerTrustee | 1 | $0 |
Chris Huang Board Member | Trustee | 1 | $0 |
Kris Mccann - To Dec 2022 Treasurer | OfficerTrustee | 1 | $0 |
Patrick Dupuis - To Aug 2022 Board Member | Trustee | 1 | $0 |
Lihn Dipippa Treasurer | OfficerTrustee | 1 | $0 |
Mike Kasperzak Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dahlin Group Inc Architect | 12/30/22 | $920,920 |
David Baker Architects Architect | 12/30/22 | $746,089 |
Studio E Architects Architect | 12/30/22 | $548,832 |
Mithun Architect | 12/30/22 | $471,302 |
Blach Construction Survey/engineering | 12/30/22 | $435,984 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,667,909 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,676,914 |
| Total Program Service Revenue | $9,624,779 |
| Investment income | $794,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $147,080 |
| 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 | $12,247,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,815 |
| 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. | $1,045,911 |
| Compensation of current officers, directors, key employees. | $359,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,171,071 |
| Pension plan accruals and contributions | $105,452 |
| Other employee benefits | $214,468 |
| Payroll taxes | $235,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,652 |
| Fees for services: Accounting | $170,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $344,074 |
| Advertising and promotion | $11,966 |
| Office expenses | $214,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $434,300 |
| Travel | $12,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,185 |
| Interest | $680,374 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,127,438 |
| Insurance | $149,566 |
| All other expenses | $0 |
| Total functional expenses | $7,998,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,439,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $406,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $39,770,675 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,259,268 |
| Net Land, buildings, and equipment | $31,196,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,053,715 |
| Intangible assets | $0 |
| Other assets | $89,273,179 |
| Total assets | $185,399,512 |
| Accounts payable and accrued expenses | $1,373,097 |
| Grants payable | $0 |
| Deferred revenue | $17,254 |
| 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 | $107,059,879 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,900,004 |
| Total liabilities | $113,350,234 |
| Net assets without donor restrictions | $72,049,278 |
| 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 | $185,399,512 |
Grants Awarded
Over the last fiscal year, Charities Housing Development Corp Of Santa Clara County has awarded $61,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ABODE SERVICES PURPOSE: SUPPORT OF RELATED PROGRAM SERVICE | $50,000 |
CATHOLIC CHARITIES SANTA CLARA COUNTY PURPOSE: EVENT SPONSORSHIP | $11,500 |