Concord Housing Development Corp
- Assets
- $3.0m
- Revenue
- $113.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NH
- Founding
- 09/2002
- Data as of
- 09/2022
- EIN
- 02-0502885
Organization Overview
Concord Housing Development Corp is located in Concord, NH. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concord Housing Development Corp 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, Concord Housing Development Corp generated $113.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $50.1k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (20.0%) per year over the past 7 years. 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
TO PROVIDE FUNDRAISING, COMMUNITY OUTREACH, EDUCATION AND POLICY INITIATIVES TO SUPPORT AFFORDABLE HOUSING OPPORTUNITIES IN CONCORD, NH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDRAISING, COMMUNITY OUTREACH, EDUCATION AND POLICY INITIATIVES TO SUPPORT AFFORDABLE HOUSING OPPORTUNITIES IN CONCORD, NH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Whatmough Chairperson | OfficerTrustee | 1 | $0 |
John Hoyt Jr Secretary/treasurer | Officer | 1 | $0 |
Julie Palmeri Secretary/treasurer | Officer | 1 | $0 |
Jerry Madden Director | Trustee | 1 | $0 |
Jim Fowler Director | Trustee | 1 | $0 |
Peter F Burger Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $72,305 |
| Investment income | $2,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,204 |
| 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 | $113,766 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,903 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,775 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $50,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,071,775 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $6,369 |
| Net Land, buildings, and equipment | $1,893,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,118 |
| Total assets | $2,997,672 |
| Accounts payable and accrued expenses | $19,199 |
| Grants payable | $0 |
| Deferred revenue | $2,330 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $648,125 |
| Total liabilities | $669,654 |
| Net assets without donor restrictions | $2,328,018 |
| 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 | $2,997,672 |
Grants Awarded
Over the last fiscal year, Concord Housing Development Corp has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Concord, NH PURPOSE: BREAKFAST PROGRAM | $7,500 |
CONCORD PARKS & RECREATION DEPARTMENT PURPOSE: SWIM LESSON SPONSORSHIP | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Owl Tallahassee Housing Inc Boston, MA | $28,680,052 | $6,023,225 |
Avesta Housing Management Corporation Portland, ME | $3,765,380 | $8,258,375 |
Hearth Inc Boston, MA | $12,790,165 | $7,949,326 |
Springhouse Inc Boston, MA | $37,736,932 | $9,492,146 |
The Neighborhood Developers Inc Chelsea, MA | $68,146,151 | $7,961,454 |
Caritas Communities Inc Braintree, MA | $16,422,870 | $5,716,151 |
Lafayette Rehabilitation And Skilled Nursing Facility Inc Marblehead, MA | $9,818,426 | $6,503,946 |
State Street Housing Preservation Corporation Portland, ME | $24,631,700 | $3,259,892 |
The Pelhman Corporation Braintree, MA | $8,624,506 | $5,628,066 |
Rogers Hall Corporation Braintree, MA | $2,799,854 | $1,295,418 |
Commonwealth Land Trust Property Bowdoin Manor Roxbury, MA | $29,665,338 | $6,511,763 |
Providence Place Inc Holyoke, MA | $8,262,213 | $4,349,524 |