Community Housing Development Association Inc
- Assets
- $15.0m
- Revenue
- $666.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Greenwood Village, CO
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 84-1316839
Organization Overview
Community Housing Development Association Inc is located in Greenwood Village, CO. The organization was established in 1995. 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 12/2021, Community Housing Development Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Development Association 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 12/2021, Community Housing Development Association Inc generated $666.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $787.3k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO DEVELOP, OWN, AND OPERATE AFFORDABLE HOUSING IN SOUTH METRO DENVER FOR LOW-INCOME AND SPECIAL NEEDS POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEDICATED TO THE ACQUISITION, DEVELOPMENT AND OPERATION OF AFFORDABLE RESIDENTIAL REAL ESTATE. THE ORGANIZATION CONTINUES TO SUPPORT ITS COMPLETED AFFORDABLE HOUSING PROPERTIES, PRESIDENTIAL ARMS, LARA LEA, WILLOW STREET, CANTERBURY APARTMENTS, FOX STREET, ASPEN LEAF, REGAL APARTMENTS AND NINE MILE STATION SENIOR LIVING. THE ORGANIZATION HAS PROVIDED LOANS TO THESE PROPERTIES TO ASSIST WITH THE ACQUISITION AND REHABILITATION OF THE PROPERTY. THE ORGANIZATION RECEIVES DEVELOPMENT FEES DURING REHABILITATION OF THE PROJECTS AND ALSO PROVIDES ADMINISTRATIVE SUPPORT DURING OPERATIONS OF THE PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Ellen Davidson Executive Dir. | Officer | 40 | $118,179 |
Bob Pipkin President | OfficerTrustee | 0 | $0 |
Sharon Leonard Vice President | OfficerTrustee | 0 | $0 |
Randy Booton Treasurer | OfficerTrustee | 0 | $0 |
Kiersten Simonds Secretary | OfficerTrustee | 0 | $0 |
Stepan Ghadaifchian Director | Trustee | 0 | $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 | $33,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,100 |
| Total Program Service Revenue | $369,796 |
| Investment income | $170,443 |
| 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 | $666,648 |
| 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. | $209,616 |
| Compensation of current officers, directors, key employees. | $64,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,453 |
| Payroll taxes | $16,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $56 |
| Office expenses | $7,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,374 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,054 |
| Insurance | $1,726 |
| All other expenses | $13,058 |
| Total functional expenses | $787,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,393,801 |
| Savings and temporary cash investments | $651,621 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,766 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,439,419 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,707 |
| Net Land, buildings, and equipment | $2,004,260 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,631,264 |
| Intangible assets | $18,714 |
| Other assets | $2,837,674 |
| Total assets | $14,996,226 |
| Accounts payable and accrued expenses | $38,673 |
| 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 | $1,075,472 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $202,866 |
| Total liabilities | $1,317,011 |
| Net assets without donor restrictions | $13,563,232 |
| Net assets with donor restrictions | $115,983 |
| 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 | $14,996,226 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Housing Development Association Inc has recieved totaling $94,500.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: MAINTAIN HEALTHY BODIES | $94,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irc Ii Inc Omaha, NE | $77,092,812 | $15,244,348 |
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Residences At Eaton Senior Communities Lakewood, CO | $12,361,716 | $4,288,663 |
Arizona Housing Inc Phoenix, AZ | $15,313,221 | $3,724,119 |
Thistle Community Housing Boulder, CO | $53,794,788 | $7,131,075 |