Council For Affordable And Rural Housing
- Assets
- $366.0k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Alexandria, VA
- Founding
- 04/1982
- Data as of
- 12/2022
- EIN
- 52-1200060
Organization Overview
Council For Affordable And Rural Housing, operating under the name Carh, is located in Alexandria, VA. The organization was established in 1982. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Carh employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carh is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Carh generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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
COUNCIL FOR AFFORDABLE AND RURAL HOUSING WAS FOUNDED IN 1980. SINCE THEN THE COUNCIL HAS BECOME THE LEADING NATIONAL ADVOCATE FOR THE FINANCING, DEVELOPMENT, AND MANAGEMENT OF AFFORDABLE HOUSING. DURING TIMES WHEN BOTH CONGRESS AND THE ADMINISTRATION HAVE PROPOSED DRASTIC CUTS IN THE HOUSING BUDGET, CARH HAS VIGOROUSLY SUPPORTED ITS REALISTIC FUNDING. THE COUNCIL HAS BEEN A LEADER IN DEVELOPING THE LOW INCOME HOUSING TAX CREDIT AND CONTINUOUSLY MONITORS ALL TAX PROPOSALS TO PROTECT AND IMPROVE THE PROVISIONS WHICH MAKE THE CONSTRUCTION OF AFFORDABLE HOUSING POSSIBLE. ON THE MANAGEMENT SIDE, CARH PROMOTES NECESSARY LEGISLATION TO PROTECT RENTAL HOUSING SUBSIDIES AND THE ABILITY OF ITS MEMBERS TO EFFECTIVELY MANAGE THEIR FEDERALLY ASSISTED PROPERTIES. CARH REPRESENTS THE VIEWS AND CONCERNS OF ITS MEMBERS BEFORE CONGRESS AND APPROPRIATE OFFICIALS AT THE DEPARTMENT OF THE TREASURY, RURAL HOUSING SERVICE, HUD AND BEFORE STATE HOUSING FINANCE AND OTHER AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS AND MEETINGS: TO DISSEMINATE EDUCATIONAL MATERIALS, REGULATORY UPDATES, ADMINISTRATIVE NOTES, AND OTHER INFORMATION REGARDING IMPORTANT REGULATORY AND LEGISLATIVE CHANGES TO AFFORDABLE HOUSING.
PUBLICATIONS: VARIOUS USEFUL, TIMELY PERIODICALS - (1) EXPRESS: PROVIDE SUBSCRIBERS WITH UPDATED REGULATORY, ADMINISTRATIVE NOTICES AND OTHER INFORMATION RELEVANT TO THE DEVELOPMENT AND MANAGEMENT OF SECTION 515 HOUSING. (2) CARH NEWS: NEW ADMINISTRATIVE AND LEGISLATURE DEVELOPMENT I AFFORDABLE HOUSING PROGRAMS. (3) CARH'S CORNER: A BROADCAST FAX SERVICE WHICH KEEPS MEMBERS INFORMED WITH REGARDS TO FAST BREAKING LEGISLATIVE AND REGULATORY ISSUES EFFECTING THE AFFORDABLE HOUSING INDUSTRY.
PROPERTY TRAINING AND EDUCATION: ALLOWS PROPERTIES TO HAVE MEMBERS TAKE DISCOUNTED COURSES DESIGNED FOR ON SITE PROPERTY MANAGERS AND SUPERVISORS. THIS ENABLES THEM TO RECEIVE THE CARH NATIONALLY RECOGNIZED DESIGNATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Potterpin President | OfficerTrustee | 3 | $0 |
Ian Maute Vice President | OfficerTrustee | 3 | $0 |
Herbert Chip Peterson Secretary | OfficerTrustee | 3 | $0 |
Mitch Copman Treasurer | OfficerTrustee | 3 | $0 |
Tammy Burtness Chairman Of The Board | OfficerTrustee | 3 | $0 |
Tanya Eastwood Past President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nixon Peabody Consulting | 12/30/22 | $128,521 |
Holland & Knight Consulting | 12/30/22 | $127,500 |
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 | $750,126 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $643,358 |
| 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 | $1,393,788 |
| 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. | $179,024 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,116 |
| Pension plan accruals and contributions | $23,716 |
| Other employee benefits | $44,359 |
| Payroll taxes | $27,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133,521 |
| Fees for services: Accounting | $10,773 |
| Fees for services: Lobbying | $80,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,657 |
| Advertising and promotion | $4,925 |
| Office expenses | $23,211 |
| Information technology | $21,000 |
| Royalties | $0 |
| Occupancy | $104,552 |
| Travel | $25,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $360,947 |
| Interest | $717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,672 |
| Insurance | $5,047 |
| All other expenses | $831 |
| Total functional expenses | $1,374,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,672 |
| Savings and temporary cash investments | $162,054 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$3,504 |
| 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 | $8,218 |
| Net Land, buildings, and equipment | $10,585 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $366,025 |
| Accounts payable and accrued expenses | $1,738 |
| 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 | $10,000 |
| Total liabilities | $11,738 |
| Net assets without donor restrictions | $354,287 |
| 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 | $366,025 |