Corporation For Supportive Housing
- Assets
- $194.9m
- Revenue
- $38.4m
- Investments
- $0.0
- Employees
- 164
- Location
- New York, NY
- Founding
- 04/1991
- Data as of
- 12/2019
- EIN
- 13-3600232
Organization Overview
Corporation For Supportive Housing is located in New York, NY. The organization was established in 1991. 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 12/2019, Corporation For Supportive Housing employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Corporation For Supportive Housing generated $38.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $37.8m during the year ending 12/2019. While expenses have increased by 4.8% per year over the past 5 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.
Since 2014, Corporation For Supportive Housing has awarded 238 individual grants totaling $51,419,132. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE HOUSING SOLUTIONS THAT DELIVER 3 POWERFUL OUTCOMES:1)IMPROVED LIVES FOR VULNERABLE PEOPLE 2)MAXIMIZED PUBLIC RESOURCES AND 3)STRONG, HEALTHY COMMUNITIES ACROSS THE COUNTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OCSH ADVANCES SUPPORTIVE HOUSING THROUGH THE DELIVERY OF OUR FOUR CORE SERVICES: 1) TRAINING AND EDUCATION TO BUILD CAPACITY TO CREATE AND OPERATE HIGH-QUALITY SUPPORTIVE HOUSING 2) GRANTS AND LENDING THROUGH LOW INTEREST LOANS WITH FLEXIBLE UNDERWRITING TERMS TO COVER PREDEVELOPMENT COSTS AND FILL GAPS IN DEVELOPMENT BUDGETS FOR NEW SUPPORTIVE HOUSING 3) CONSULTING AND TECHNICAL ASSISTANCE FOR PROJECT SPONSORS TO DEVELOP STRONG PLANS FOR NEW SUPPORTIVE HOUSING ROOTED IN EVIDENCE BASED PRACTICES; 4) POLICY REFORM THROUGH COLLABORATION WITH LOCAL, COUNTY AND STATE AGENCIES TO STREAMLINE RESOURCES & PROGRAMS FOR SUPPORTIVE HOUSING. SINCE INCEPTION, CSH'S LENDING, ADVOCACY AND TECHNICAL ASSISTANCE HAVE HELPED COMMUNITIES CREATE SUPPORTIVE HOUSING UNITS. IN 2018 ALONE, CSH APPROVED 46 LOANS TOTALING $87.3M AND OFFERED HUNDREDS OF ON-LINE AND IN-PERSON TRAINING EVENTS THAT REACHED THOUSANDS OF PARTICIPANTS ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah DE Santis President & CEO | OfficerTrustee | 40 | $374,013 |
Bridgette Jandreau-Smith Chief Loan Officer | Officer | 40 | $261,454 |
Edith Gimm General Counsel | Officer | 40 | $202,801 |
Elizabeth Drapa Managing Director | Officer | 40 | $193,101 |
Nancy Mcgraw Cdo | Officer | 40 | $191,261 |
Ryan Moser Managing Director | Officer | 40 | $153,751 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Collaborative Group Llc Consultant | 12/30/19 | $140,000 |
Cohn Reznick Consultant | 12/30/19 | $231,850 |
Housing Innovations Llc Consultant | 12/30/19 | $204,568 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,231,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,896,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,127,283 |
| Total Program Service Revenue | $29,848,992 |
| Investment income | $447,237 |
| 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 | $38,423,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,098,090 |
| 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. | $1,667,176 |
| Compensation of current officers, directors, key employees. | $397,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,247,911 |
| Pension plan accruals and contributions | $520,265 |
| Other employee benefits | $2,126,886 |
| Payroll taxes | $986,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $212,878 |
| Fees for services: Accounting | $244,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,695,998 |
| Advertising and promotion | $0 |
| Office expenses | $179,751 |
| Information technology | $174,523 |
| Royalties | $0 |
| Occupancy | $1,203,616 |
| Travel | $1,089,517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $701,768 |
| Interest | $3,808,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,540 |
| Insurance | $81,397 |
| All other expenses | $47,324 |
| Total functional expenses | $37,832,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,310,044 |
| Savings and temporary cash investments | $8,828,994 |
| Pledges and grants receivable | $16,756,720 |
| Accounts receivable, net | $2,431,028 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $98,986,993 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $455,002 |
| Net Land, buildings, and equipment | $80,909 |
| Investments—publicly traded securities | $22,018,554 |
| Investments—other securities | $0 |
| Investments—program-related | $17,340 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $194,885,584 |
| Accounts payable and accrued expenses | $4,473,870 |
| Grants payable | $12,144,493 |
| Deferred revenue | $2,096,545 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,828,994 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $124,385,563 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $151,929,465 |
| Net assets without donor restrictions | $21,789,743 |
| Net assets with donor restrictions | $21,166,376 |
| 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 | $194,885,584 |
Grants Awarded
Over the last fiscal year, Corporation For Supportive Housing has awarded $8,823,118 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: FINANCIAL ASSISTANCE | $1,690,355 |
Cincinnati, OH PURPOSE: FINANCIAL ASSISTANCE | $1,165,389 |
Dayton, OH PURPOSE: FINANCIAL ASSISTANCE | $775,849 |
Nelsonville, OH PURPOSE: FINANCIAL ASSISTANCE | $749,775 |
Cincinnati, OH PURPOSE: FINANCIAL ASSISTANCE | $373,084 |
TASC OF NORTHWEST OHIO PURPOSE: FINANCIAL ASSISTANCE | $345,575 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Corporation For Supportive Housing has recieved totaling $782,262.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $500,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $100,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $100,000 |
Greater Minnesota Housing Fund St Paul, MN PURPOSE: ORGANIZATIONAL SUPPORT | $40,000 |
United Hospital Fund Of New York New York, NY PURPOSE: TO IMPLEMENT AND PROMOTE REPLICATION OF BRONX FUSE INITIATIVE | $15,000 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $14,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Way Finders Inc Springfield, MA | $64,833,045 | $108,391,886 |
Community Builders Inc Boston, MA | $124,474,195 | $84,219,407 |
Doe Fund Inc New York, NY | $101,229,418 | $65,323,624 |
Catherine Sheridan Housing Development Fund Company Inc Brooklyn, NY | $27,371,440 | $6,632,763 |
First Chinese Presbyterian Community Affairs Home Attendant C New York, NY | $26,741,134 | $40,973,137 |
Corporation For Supportive Housing New York, NY | $194,885,584 | $38,423,512 |
Community Options New York Inc Princeton, NJ | $21,771,062 | $27,438,575 |
Lantern Community Services Inc New York, NY | $6,573,293 | $23,396,517 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
1260 Housing Development Corporation Philadelphia, PA | $67,593,380 | $14,204,821 |
Elant At Brandywine Inc Goshen, NY | $12,795,730 | $14,014,165 |
New Community Corporation Newark, NJ | $83,242,550 | $16,098,266 |