Community Housing Resources of Arizona
- Assets
- $49.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 6
- Location
- Scottsdale, AZ
- Founding
- Data as of
- 12/2016
- EIN
- 86-0627789
Organization Overview
Community Housing Resources of Arizona is located in Scottsdale, AZ. As of 12/2016, Community Housing Resources of Arizona employed 6 individuals. Community Housing Resources of Arizona 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 12/2016, Community Housing Resources of Arizona generated $146.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $318.8k during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOMEOWNERSHIP ASSISTANCE TO LOW TO MODERATE INCOME FAMILIES, PROMOTE FAIR HOUSING AND EQUAL HOUSING OPPORTUNITIES BY EDUCATING FAMILIES ABOUT THE ADVANTAGES AND RESPONSIBILITIES OF HOMEOWNERSHIP.
Describe the Organization's Program Activity:
Part 3
COUNSELING PROGRAM - PROVIDED COUNSELING TO 263 POTENTIAL HOME BUYERS ABOUT AFFORDABLE HOUSING OPPORTUNITIES, AVAILABLE FINANCIAL ASSISTANCE, RESPONSIBILITIES OF HOME OWNERSHIP, MORTGAGE QUALIFICATION PROCESS, AND LOCATING SUITABLE PROPERTIES.PROVIDED MORTGAGE DEFAULT/LOSS MITIGATION COUNSELING TO 16 HOMEOWNERS DELINQUENT ON THEIR MORTGAGES.
NEIGHBORHOOD STABILIZATION PROGRAM - PROVIDED HOMEBUYER EDUCATION COUNSELING, VERIFIED ELIGIBILITY OF POTENTIAL BUYER AND PROPERTY, AND PROCESSED APPLICATION FOR NSP PROGRAM DOWN PAYMENT ASSISTANCE LOAN FOR 104 HOUSEHOLDS. CLOSED ESCROW ON 40 PROPERTIES. TOTAL ASSISTANCE: $630,000.
DOWNPAYMENT ASSISTANCE - ADMINISTERED PROGRAMS THAT PROVIDED DOWN-PAYMENT ASSISTANCE FROM VARIOUS GOVERNMENTAL AGENCIES AND CHARITABLE FOUNDATIONS TOTALING $225,500 TO 24 LOW INCOME HOUSEHOLDS TO HELP PAY HOME PURCHASE CLOSING COSTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B Nelson Vice President | 1 | $0 | |
Michael D Nelson President | 1 | $0 | |
James T Rayburn Director | 1 | $0 | |
Darryl Tenenbaum Treasurer | 1 | $0 | |
Owen Moorhead Executive Dir. | 40 | $65,000 | |
Barbara Rodriguez Pashkowski Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,245 |
| Total Program Service Revenue | $4,679 |
| Membership dues | $0 |
| Investment income | $487 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $146,411 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $247,726 |
| Professional fees and other payments to independent contractors | $9,200 |
| Occupancy, rent, utilities, and maintenance | $29,425 |
| Printing, publications, postage, and shipping | $2,289 |
| Other expenses | $30,158 |
| Total expenses | $318,798 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,712 |
| Other assets | $0 |
| Total assets | $49,638 |
| Total liabilities | $57,243 |
| Net assets or fund balances | -$7,605 |