Community Housing Partners Corporation Of Florida
- Assets
- $11.7m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Christiansburg, VA
- Founding
- 09/1990
- Data as of
- 12/2021
- EIN
- 59-2973450
Organization Overview
Community Housing Partners Corporation Of Florida is located in Christiansburg, VA. The organization was established in 1990. 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 Partners Corporation Of Florida 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 12/2021, Community Housing Partners Corporation Of Florida generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $4.6m during the year ending 12/2021. 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 ASSIST IN THE ACQUISTION AND CONSTRUCTION OF LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HOUSING PARTNERS CORPORATION OF FLORIDA OFFERS TWO FORMS OF HOUSING OPPORTUNITIES TO PROVIDE, CREATE, AND PRESERVE LOW COST AFFORDABLE HOUSING TO FLORIDA RESIDENTS:RENTAL HOUSINGCOMMUNITY LAND TRUSTSEE FURTHER DESCRIPTIONS ON SCHEDULE ORENTAL HOUSING:THIS PROGRAM OFFERS SAFE, SANITARY AND DECENT HOUSING FOR THOSE WHO QUALIFY FOR A RENTAL WITHIN THE HUD GUIDELINES. THIS PROGRAM IS FOR PEOPLE WHO CHOOSE TO RENT OR ARE NOT READY FOR THE HOMEOWNER COMMITMENT. THE CLIENT MAY ALSO HAVE CREDIT OR DEBT ISSUES THAT PRECLUDE THEM FROM HOMEOWNERSHIP. OUR COMPETENT STAFF OF HOUSING COUNSELORS IS AVAILABLE TO WORK WITH THE CLIENT WHETHER IT IS TO REPAIR CREDIT, REDUCE DEBT, OR TO HELP THEM ESTABLISH A STABLE INCOME. CHPC OF FLORIDA ALSO OFFERS AN INCENTIVE TO THOSE WHO WISH TO TRANSITION FROM RENTER TO HOMEOWNER. A PERCENTAGE OF TOTAL RENT PAID WOULD BE PROVIDED TO THE CLIENT TO DEFRAY CLOSING COSTS. THIS PROGRAM IS VERY IMPORTANT TO FIRST TIME HOMEBUYERS AS THE STATE HOUSING INITIATIVE PARTNERSHIP REQUIRES THAT THE CLIENT HAVE AN EQUITY INVESTMENT IN THEIR HOME.COMMUNITY LAND TRUST:CHPC OF FLORIDA OFFERS INCOME ELIGIBLE FAMILIES WITH CREDIT CHALLENGES, A METHOD OF HOMEOWNERSHIP THROUGH THE CHPC OF FLORIDA COMMUNITY LAND TRUST. LOW AND VERY LOW INCOME FAMILIES WHO DESIRE TO OWN THEIR OWN HOME CAN PARTICIPATE IN A SHARED EQUITY PROGRAM WITH CHPC OF FLORIDA. THIS PROGRAM PROVIDES THE PURCHASE FINANCING FOR THE CLIENT'S HOME AND PROVIDES INCENTIVES TO THE FAMILY TO ENCOURAGE SAVINGS AND SELF-IMPROVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey K Reed President/treasurer | OfficerTrustee | 2 | $0 |
Janaka Casper CEO | OfficerTrustee | 2 | $0 |
Andy Hall Vice President/secretary | OfficerTrustee | 2 | $0 |
Charles Famuliner Chair | Trustee | 2 | $0 |
Susan Sisk Past Chair | Trustee | 2 | $0 |
Ana Castilla Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,880 |
| 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 | $41,880 |
| Total Program Service Revenue | $3,495,989 |
| Investment income | $21,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,398,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,958,107 |
| 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 | $0 |
| Fees for services: Legal | $284 |
| Fees for services: Accounting | $0 |
| 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 | $26,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,001,131 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $297,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,211,372 |
| Insurance | $5,503 |
| All other expenses | $0 |
| Total functional expenses | $4,618,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,134 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,073,226 |
| Inventories for sale or use | $615,516 |
| Prepaid expenses and deferred charges | $293,727 |
| Net Land, buildings, and equipment | $7,045,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,479,292 |
| Total assets | $11,733,646 |
| Accounts payable and accrued expenses | $78,391 |
| Grants payable | $0 |
| Deferred revenue | $437,770 |
| 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 | $13,830,616 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,606,032 |
| Total liabilities | $16,952,809 |
| Net assets without donor restrictions | -$7,023,886 |
| Net assets with donor restrictions | $1,804,723 |
| 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 | $11,733,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |