Capital Area Housing Partnership
- Assets
- $4.9m
- Revenue
- $36.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Lansing, MI
- Founding
- 07/1993
- Data as of
- 06/2022
- EIN
- 38-3099281
Organization Overview
Capital Area Housing Partnership is located in Lansing, MI. The organization was established in 1993. 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 06/2022, Capital Area Housing Partnership employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Area Housing Partnership 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 06/2022, Capital Area Housing Partnership generated $36.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $36.1m during the year ending 06/2022. While expenses have increased by 60.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPS NEIGHBORHOODS WITH A FOCUS ON AFFORDABLE HOUSING, HOMEOWNERSHIP, AND FINANCIAL SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO LOW-INCOME AND MODERATE TO LOW-INCOME HOUSEHOLDS OF MID-MICHIGAN TO PROVIDE SAFE, DECENT, AND AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rawley Van Fossen Executive Director | Officer | 40 | $104,952 |
Elvin Caldwell Secretary | OfficerTrustee | 2 | $0 |
Mary Manuel Vice Chair | OfficerTrustee | 2 | $0 |
Thomas L Lapka Chair | OfficerTrustee | 2 | $0 |
Jim Deline Treasurer | OfficerTrustee | 2 | $0 |
Larry Rosen Director | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Masterwork Llc Architect And Builder | 6/29/19 | $125,421 |
Lj Trumble Builders Llc Architect And Builder | 6/29/19 | $346,677 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,044,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $387,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,432,522 |
| Total Program Service Revenue | $591,025 |
| Investment income | $62,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,427 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,115,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,563,186 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,656 |
| Compensation of current officers, directors, key employees. | $115 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,513,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,505 |
| Payroll taxes | $134,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,321 |
| Fees for services: Accounting | $59,899 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,859 |
| Fees for services: Other | $82,870 |
| Advertising and promotion | $0 |
| Office expenses | $223,616 |
| Information technology | $53,416 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $15,882 |
| Insurance | $12,402 |
| All other expenses | $0 |
| Total functional expenses | $36,129,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,144 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,430,039 |
| Accounts receivable, net | $677,789 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $643,362 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,861 |
| Net Land, buildings, and equipment | $295,006 |
| Investments—publicly traded securities | $482,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $665,640 |
| Total assets | $4,892,725 |
| Accounts payable and accrued expenses | $293,576 |
| Grants payable | $0 |
| Deferred revenue | $1,023,701 |
| 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 | $276,835 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,594,112 |
| Net assets without donor restrictions | $3,298,613 |
| 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 | $4,892,725 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Capital Area Housing Partnership has recieved totaling $20,300.
| Awarding Organization | Amount |
|---|---|
Capital Region Community Foundation Lansing, MI PURPOSE: CAPACITY BUILDING | $18,500 |
Cinnaire Corporation Cinnaire Lansing, MI PURPOSE: GENERAL SUPPORT | $1,749 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Church Residences Columbus, OH | $160,821,916 | $104,850,885 |
Wisconsin Housing Preservation Corp Madison, WI | $363,112,557 | $53,775,337 |
Capital Area Housing Partnership Lansing, MI | $4,892,725 | $36,115,951 |
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation Grand Rapids, MI | $53,298,449 | $7,853,634 |
Creative Housing Inc Columbus, OH | $43,851,773 | $5,323,506 |
Harbor House Ministries Jenison, MI | $5,031,278 | $3,994,152 |