Community Housing Corp
- Assets
- $647.4k
- Revenue
- $435.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Peoria, IL
- Founding
- 03/1971
- Data as of
- 09/2023
- EIN
- 37-0918495
Organization Overview
Community Housing Corp is located in Peoria, IL. The organization was established in 1971. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Community Housing Corp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing 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 09/2023, Community Housing Corp generated $435.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $511.5k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RENTAL OF APARTMENTS TO LOW TO MODERATE INCOME HOUSING. UNITS MANAGED ARE THE PIERSON HILLS 2 APARTMENTS AND TENANTS PAY RENT BASED UPON INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF APARTMENTS FOR LOW TO MODERATE INCOME TENANTS. RENT BASED UPON TENANT INCOME. UNITS SUBSIDIZED THROUGH SECTION 8 PROGRAM OF HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Cunefare Board President | OfficerTrustee | 0 | $0 |
Bea Cagle Board Vice President | OfficerTrustee | 0 | $0 |
Adamu Alhassan Board Secretary | OfficerTrustee | 0 | $0 |
Mark Gamage Board Treasurer | OfficerTrustee | 0 | $0 |
Lamar Anderson Board Member | Trustee | 0 | $0 |
Stephen Cantrell Board Member | Trustee | 0 | $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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $435,736 |
| 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 | $435,736 |
| 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 | $71,589 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,743 |
| Fees for services: Management | $30,114 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,340 |
| 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 | $13,278 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $138,119 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $108,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,372 |
| Insurance | $24,759 |
| All other expenses | $2,694 |
| Total functional expenses | $511,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179 |
| Savings and temporary cash investments | $3,384 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,884 |
| 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 | $0 |
| Net Land, buildings, and equipment | $582,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $647,420 |
| Accounts payable and accrued expenses | $127,100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $999,560 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,126,660 |
| Net assets without donor restrictions | -$479,240 |
| 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 | $647,420 |