Church Community Housing Corporation

Organization Overview

Church Community Housing Corporation is located in Newport, RI. The organization was established in 1971. 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. As of 09/2022, Church Community Housing Corporation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Church Community Housing Corporation 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, Church Community Housing Corporation generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $3.2m during the year ending 09/2022. While expenses have increased by 3.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES HOME OWNERSHIP AND RENTAL OPPORTUNITIES TO LOW AND MODERATE INCOME PERSONS THROUGH RENTAL OF PROPERTY, ACQUISITION, REHABILITATION AND SALE OF PROPERTIES AND DEVELOPMENT OF AFFORDABLE HOUSING. THE ORGANIZATION HAS 113 APARTMENTS AVAILABLE FOR RENT AT AFFORDABLE RATES. THE ORGANIZATION IS WORKING ON 5 MULTI-UNIT PROPERTY IN VARIOUS STAGES OF REHABILITATION INCLUDING THOSE SOLD DURING THE YEAR. THE ORGANIZATION IS WORKING ON THE REHABILITATION OF TWO EXISITING AFFORDABLE HOUSING COMPLEXES AND THE ORGANIZATION ALSO WORKED ON 2 PREDEVELOPMENT PROJECTS THAT WOULD PROVIDE FOR ADDITIONAL AFFORDABLE HOUSING. FOR PROPERTIES SOLD TO LOW AND MODERATE INCOME PERSONS, THE ORGANIZATION RETAINED OWNERSHIP OF THE LAND UNDER A LAND TRUST MODEL AND SOLD THE BUILDING WITH A GROUND LEASE LIMITING FUTURE SALES TO PERSONS MEETING INCOME LIMITS FOR LOW AND MODERATE INCOME HOUSEHOLDS. THE ORGANIZATION OWNS 104 PARCELS OF LAND UNDER THE LAND TRUST MODEL.


REVOLVING LOAN FUND INITIALLY FUNDED BY FEDERAL FUNDS PASSED THROUGH VARIOUS RI COMMUNITIES AND ADDITIONAL FUNDS PROVIDED BY THE ORGANIZATION USED TO PROVIDE ACQUISITION AND PROPERTY REHABILITATION LOANS TO LOW AND MODERATE INCOME PERSONS CONSISTING OF 301 LOANS, INCLUDING 15 NEW LOANS DURING THE YEAR. IN ADDITION, THE ORGANIZATION ASSISTS THE LOCAL COMMUNITY IN ADMINISTERING ITS CDBG LOAN FUND FOR LOW AND MODERATE INCOME PERSONS OF WHICH THE ORGANIZATION ASSISTED IN THE ADMINISTRATION OF 4 LOANS DURING THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Sabel
Vice President
$0
Patricia Sargent
President
$0
Barbara O'reilly
Treasurer
$0
Susan Bodington
Secretary
$0
Marjorie Jensen
Director
$0
Jennifer Murray
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Union Studio Architect
Architects
$335,324
Macpherson Builders Llc
Contractor
$143,850
Liroo Landscaping Architect
Landscape Architect
$101,372
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $268,850
All other contributions, gifts, grants, and similar amounts not included above$619,276
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$888,126
Total Program Service Revenue$3,766,198
Investment income $5,020
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 $4,667,362

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Church Community Housing Corporation has recieved totaling $777,957.

Awarding OrganizationAmount
Van Beuren Charitable Foundation Inc

New York, NY

PURPOSE: ENGINEERING AND DESIGN- NEWPORT HISTORIC SPRING PARK

$300,000
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$242,500
Duniry Foundation

Boston, MA

PURPOSE: GENERAL

$125,000
The Rhode Island Community Foundation

Providence, RI

PURPOSE: COMMUNITIES OF OPPORTUNITY PROJECT MANAGER; PROGRAM SUPPORT; NEWPORT COUNTY COVID-19 HOUSING ASSISTANCE GRANT PROGRAM

$90,457
Frederick Henry Prince Testamentary Trust

Chicago, IL

PURPOSE: NEWPORT HISTORIC SPRING PROJECT

$20,000
View Grant Recipient Profile

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