Community Housing Resources
- Assets
- $41.7m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 41-2011396
Organization Overview
Community Housing Resources is located in Minneapolis, MN. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Resources is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MINNEAPOLIS PUBLIC HOUSING AUTHORITY IN PROVIDING AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON OCTOBER 1, 2020, THE MINNEAPOLIS PUBLIC HOUSING AUTHORITY (MPHA) DONATED 707 SCATTERED SITE PUBLIC HOUSING UNITS TO COMMUNITY HOUSING RESOURCES (CHR). CHR LEASES THESE UNITS TO LOW-INCOME FAMILIES AT APPROXIMATELY 30% OF THE FAMILIES ADJUSTED INCOME UNDER THE RULES GOVERNING FEDERAL SECTION 8 PROJECT-BASED HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abdulkadir Warsame- President Executive Director Mpha | OfficerTrustee | 0.1 | $0 |
Sharmarke Issa Chair/commissioner Mpha | OfficerTrustee | 0.1 | $0 |
Tim Durose Treasurer/cfo Mpha | Officer | 0.1 | $0 |
Mikkel Beckmen Director/commissioner Mpha | Trustee | 0.1 | $0 |
Honorable James Rosenbaum Director/commissioner Mpha | Trustee | 0.1 | $0 |
Cara Letofsky Director/commissioner Mpha | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,179,921 |
| 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 | $2,179,921 |
| Total Program Service Revenue | $13,740,241 |
| Investment income | $0 |
| 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 | $15,920,162 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,164,841 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,868,410 |
| Advertising and promotion | $0 |
| Office expenses | $65,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,109,739 |
| 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 | $1,128,543 |
| Insurance | $463,366 |
| All other expenses | $4,599 |
| Total functional expenses | $11,065,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,373,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,446 |
| 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 | $387,638 |
| Net Land, buildings, and equipment | $36,322,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,462,017 |
| Total assets | $41,679,341 |
| Accounts payable and accrued expenses | $228,137 |
| Grants payable | $0 |
| Deferred revenue | $201,925 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,879,552 |
| Total liabilities | $2,309,614 |
| Net assets without donor restrictions | $39,369,727 |
| 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 | $41,679,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Housing Fund Minneapolis, MN | $55,836,528 | $42,355,449 |
Aeon Minneapolis, MN | $205,354,447 | $34,369,814 |
Governmental And Educational Assistance Corporation Brooklyn Park, MN | $65,629,127 | $32,792,478 |
Habitat For Humanity International Inc St Paul, MN | $95,417,664 | $44,081,313 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Trellis Co Minneapolis, MN | $174,341,513 | $41,938,944 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Friendship Haven Inc Fort Dodge, IA | $50,931,455 | $22,390,428 |
Community Housing Corporation Of America Inc St Paul, MN | $54,692,887 | $61,922,441 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |