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 09/2020, Church Community Housing Corporation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2020, Church Community Housing Corporation generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.9m during the year ending 09/2020. While expenses have increased by 2.1% per year over the past 6 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

2020

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 115 APARTMENTS AVAILABLE FOR RENT AT AFFORDABLE RATES. THE ORGANIZATION SUCCESSFULLY RESYNDICATED A TAX CREDIT PROPERTY WITH CONTINUING AFFORDABILITY. THE ORGANIZATION WORKED ON 5 PROPERTIES IN VARIOUS STAGES OF REHABILITATION INCLUDING THOSE SOLD DURING THE YEAR. 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 USED TO PROVIDE ACQUISITION AND PROPERTY REHABILITATION LOANS TO LOW AND MODERATE INCOME PERSONS CONSISTING OF 319 LOANS, INCLUDING 23 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 1 LOAN DURING THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Christian Belden
Executive Director
$104,822
Barbara O'reilly
Treasurer
$0
Susan Bodington
President
$0
Elizabeth Phelps
Secretary
$0
Robert Sabel
Vice President
$0
Marjorie Jensen
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Caldwell And Johnson
Construction
$117,011
Wr Construction
Construction
$570,199
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$356,034
Investment income $5,352
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 $3,149,733

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Church Community Housing Corporation has recieved totaling $157,962.

Awarding OrganizationAmount
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$122,362
Frederick Henry Prince Testamentary Trust

Chicago, IL

PURPOSE: FINAL PHASE OF THE HISTORIC NEWPORT SPRING PROJECT

$25,000
The Rhode Island Community Foundation

Providence, RI

PURPOSE: CCHC Strategic Plan

$8,100
The Rhode Island Community Foundation

Providence, RI

PURPOSE: 2019 Board Chair/Executive Director Coaching Program

$2,500
View Grant Recipient Profile

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