Community Housing Capital Inc
- Assets
- $142.7m
- Revenue
- $11.5m
- Investments
- $227.9k
- Employees
- 15
- Location
- Decatur, GA
- Founding
- 04/2002
- Data as of
- 09/2022
- EIN
- 94-3398998
Organization Overview
Community Housing Capital Inc is located in Decatur, GA. The organization was established in 2002. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Community Housing Capital Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Capital 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 09/2022, Community Housing Capital Inc generated $11.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $6.9m during the year ending 09/2022. 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
COMMUNITY HOUSING CAPITAL PRIMARILY PROVIDES (SEE SCHEDULE O FOR CONTINUATION) MULTIFAMILY AND SINGLE FAMILY DEVELOPMENT, AND INTERIM ACQUISTION & DEVELOPMENT LENDING FOR AFFORDABLE HOUSING PRESERVATION AND DEVELOPMENT FOR THE BENEFIT OF LOW-TO-MODERATE INCOME FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HOUSING CAPITAL PROVIDES MORTGAGE LENDING FOR MULTIFAMILY AND SINGLE FAMILY DEVELOPMENT, INTERIM ACQUISTION & DEVELOPMENT AFFORDABLE HOUSING PROJECTS SPONSORED BY NEIGHBORWORKS NETWORK ENTITIES. FOR THE FISCAL YEAR ENDED 9/30/2022. COMMUNITY HOUSING CAPITAL DIRECTLY ORIGINATED $93.13 MILLION IN NEW LOANS WHICH FACILITATED AN ADDITIONAL $137.52 MILLION IN DEVELOPMENT AND CREATED OR REHABILITATED 834 HOUSING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arif Rizvi Svp/chief Financial Officer | Officer | 35 | $288,975 |
Cindy Holler Ceo/president/director | Officer | 35 | $284,155 |
Dana Chestnut Svp/chief Lending Officer | Officer | 35 | $250,777 |
Alvin Saafir Svp/chief Credit Officer | Officer | 35 | $198,984 |
Debra Turner Svp/chief Loan Administrator | Officer | 35 | $192,535 |
Ingrid Avots Senior Loan Officer | 35 | $175,063 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $590,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,590,000 |
| Total Program Service Revenue | $7,912,716 |
| Investment income | $17,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,518,951 |
| 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. | $1,368,908 |
| Compensation of current officers, directors, key employees. | $290,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,362,070 |
| Pension plan accruals and contributions | $71,930 |
| Other employee benefits | $169,123 |
| Payroll taxes | $160,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,530 |
| Fees for services: Accounting | $131,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,073 |
| Advertising and promotion | $34,097 |
| Office expenses | $46,406 |
| Information technology | $108,761 |
| Royalties | $0 |
| Occupancy | $25,000 |
| Travel | $114,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,557 |
| Interest | $2,455,383 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,681 |
| Insurance | $83,815 |
| All other expenses | $11,718 |
| Total functional expenses | $6,889,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,582,935 |
| Savings and temporary cash investments | $445,504 |
| 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 | $129,346,334 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $60,800 |
| Net Land, buildings, and equipment | $930,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $227,900 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,058,476 |
| Total assets | $142,652,504 |
| Accounts payable and accrued expenses | $845,330 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,459,698 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $41,683,875 |
| Unsecured mortgages and notes payable | $44,288,203 |
| Other liabilities | $0 |
| Total liabilities | $91,277,106 |
| Net assets without donor restrictions | $27,627,747 |
| Net assets with donor restrictions | $23,747,651 |
| 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 | $142,652,504 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Housing Capital Inc has recieved totaling $2,500,000.
| Awarding Organization | Amount |
|---|---|
Neighborhood Reinvestment Corp Washington, DC PURPOSE: GENERAL SUPPORT | $2,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Capital Inc Decatur, GA | $142,652,504 | $11,518,951 |
Housing Affordability Trust Nashville, TN | $52,052,062 | $6,258,607 |
Eastern Eight Community Development Corporation Johnson City, TN | $18,111,272 | $3,788,608 |
Westminster Retirement Communities Foundation Inc Orlando, FL | $107,356,228 | $16,462,536 |
Monroe County Homeless Services Continuum-Of-Care Inc Key West, FL | $1,465,699 | $1,566,817 |
Philos Enterprises Inc St Augustine, FL | $1,789,021 | $349,366 |
Captrust Community Foundation Inc Raleigh, NC | $4,464,164 | $1,082,695 |
Thomasville-Thomas County Habitat For Humanity Inc Thomasville, GA | $1,651,165 | $641,558 |
Santafe Senior Living Foundation Inc Gainesville, FL | $7,576,481 | $882,268 |
Snapping Shoals Electric Trust Inc Covington, GA | $122,535 | $447,686 |
Suncoast Charities For Children Inc Sarasota, FL | $380,847 | $462,053 |
Habitat For Humanity Of North Carolina Inc Raleigh, NC | $680,613 | $355,089 |