Community Housing Association For Rehabilitation Measure And
- Assets
- $7.5m
- Revenue
- $346.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Shawnee, OK
- Founding
- 08/1992
- Data as of
- 06/2021
- EIN
- 73-1401845
Organization Overview
Community Housing Association For Rehabilitation Measure And, operating under the name Charmed, is located in Shawnee, OK. The organization was established in 1992. 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. Charmed 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, Charmed generated $346.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $137.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. 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 DECENT, SAFE, AND SANITARY HOUSING FOR LOW INCOME RESIDENTS OF HUGHES, LINCOLN, OKFUSKEE, PAWNEE, PAYNE, POTTAWATOMIE, AND SEMINOLE COUNTIES, OKLAHOMA. CHARMED OWNS AND/OR PARTICIPATES IN THE DEVELOPMENT OF LO
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF 12 LOW-INCOME AND 12 SENIOR RENTAL PROPERTIES MONITORING OF 5 LOW-INCOME MULTI-FAMILY PROPERTIES WITH OUTSTANDING LOANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Manley Secretary | OfficerTrustee | 1 | $0 |
Corky Fipps Director | Trustee | 1 | $0 |
Dale Carter Director | Trustee | 1 | $0 |
Jonathan Mitchell Director | Trustee | 1 | $0 |
David Hinkle Vice-Chairman | Trustee | 1 | $0 |
Jim Greff Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,559 |
| Investment income | $602 |
| 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 | $346,796 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,559 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $5,000 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,717 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,499 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,785 |
| Insurance | $14,303 |
| All other expenses | $0 |
| Total functional expenses | $137,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $888,457 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,590 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,601,265 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,106,424 |
| Total assets | $7,535,359 |
| Accounts payable and accrued expenses | $0 |
| 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 | $196,329 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,800 |
| Total liabilities | $201,129 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $7,334,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Texas Health Presbyterian Hospital Kaufman Kaufman, TX | $17,114,303 | $46,511,695 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |
Mercy Housing Inc Denver, CO | $121,949,049 | $44,644,651 |
Crossroads Housing Development Corporation Big Spring, TX | $1,430,723 | $31,698,100 |
Mercy Housing Lakefront Denver, CO | $45,086,430 | $37,545,157 |
Foundation Communities Inc Austin, TX | $201,792,213 | $44,085,347 |
Austin Affordable Housing Corporation Austin, TX | $189,492,836 | $40,972,198 |
Foundation Communities Austin, TX | $78,215,940 | $25,689,954 |
Tcc Hill Country Development Corporation Austin, TX | $11,234,408 | $22,073,361 |
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |