Cch Development Corporation
- Assets
- $22.7m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Oakland, CA
- Founding
- 11/2014
- Data as of
- 06/2021
- EIN
- 46-4477868
Organization Overview
Cch Development Corporation is located in Oakland, CA. The organization was established in 2014. 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 06/2021, Cch Development Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cch Development Corporation 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 06/2021, Cch Development Corporation generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 9.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DEVELOPMENT SERVICES FOR CCH HOUSING PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DEVELOPMENT SERVICES FOR CCH HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Querubin Project Manager | 40 | $142,209 | |
Gerald Lang Chairman | OfficerTrustee | 0.15 | $0 |
Ann Willard Secretary | OfficerTrustee | 0.15 | $0 |
Nicholas Kolivas Treasurer | OfficerTrustee | 0.15 | $0 |
Syd Najeeb Ceo, Deputy Executive Director | Officer | 1.5 | $0 |
Mary D Turner Director | Trustee | 0.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Old Republic Title Co Title Escrow | 6/29/21 | $755,054 |
Zenith Engineering Inc Consultant | 6/29/21 | $149,065 |
Cm Wong Architecture Architect | 6/29/21 | $337,128 |
California Housing Finance Agency Lender | 6/29/21 | $233,250 |
Smithgroup Inc Architect | 6/29/21 | $124,870 |
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 | $7,916,922 |
| Noncash contributions included in lines 1a–1f | $7,916,922 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,916,922 |
| Total Program Service Revenue | $1,158,753 |
| 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 | $9,075,675 |
| 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 | $637,423 |
| Pension plan accruals and contributions | $46,225 |
| Other employee benefits | $81,837 |
| Payroll taxes | $44,509 |
| Fees for services: Management | $19,248 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28 |
| Office expenses | $2,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,840 |
| 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 | $0 |
| Insurance | $2,182 |
| All other expenses | $4,089 |
| Total functional expenses | $1,354,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,378,687 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,615,784 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $710,235 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,333 |
| Net Land, buildings, and equipment | $5,048,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,655,727 |
| Intangible assets | $0 |
| Other assets | $2,239,163 |
| Total assets | $22,656,564 |
| Accounts payable and accrued expenses | $511,063 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,125,565 |
| Total liabilities | $8,636,628 |
| Net assets without donor restrictions | $14,019,936 |
| 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 | $22,656,564 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |