Chisom Housing Group
- Assets
- $27.9m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 91-2193633
Organization Overview
Chisom Housing Group is located in Washington, DC. The organization was established in 2007. 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 12/2023, Chisom Housing Group employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chisom Housing Group 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 12/2023, Chisom Housing Group generated $8.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $8.5m during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND SECURE, SAFE, DECENT AND SANITARY HOUSING AND RELATED FACILITIES WHICH ARE CONDUCIVE TO THE GENERAL WELFARE OF THE COMMUNITY, WITH A FOCUS ON VERY LOW- AND LOW-INCOME HOUSEHOLDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURE AND OPERATE PROJECTS WHICH PROVIDE HOUSING FACILITIES AND SUPPORTIVE SERVICES FOR VERY LOW AND LOW-INCOME HOUSEHOLDS. OPERATING 10 APARTMENT COMPLEXES TOTALING 688 UNITS.
INTEREST IN PARTNERSHIPS THAT PROVIDE HOUSING FOR LOW-INCOME PERSONS OR FAMILIES.
HUD MRN NOTE ASSIGNED BY HUD TO ASSIST IN PROVIDING AFFORDABLE HOUSING TO LOW-INCOME PERSONS OR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hans Juhle President | OfficerTrustee | 1 | $0 |
Christopher Porter Director | Trustee | 1 | $0 |
Matthew Malcom Treasurer | OfficerTrustee | 1 | $0 |
Olga Garza Director | Trustee | 1 | $0 |
Thomas Curann Director | Trustee | 1 | $0 |
Robert Stevenson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arnold-grounds Apartment Management & Af Management | 12/30/21 | $375,360 |
Bkh Development Lp - Guardian Constructi Construction | 12/30/21 | $216,867 |
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 | $8,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,005 |
| Total Program Service Revenue | $7,878,085 |
| Investment income | $117,302 |
| 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 | $8,003,392 |
| 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. | $185,942 |
| Compensation of current officers, directors, key employees. | $185,942 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,079,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,516 |
| Payroll taxes | $114,833 |
| Fees for services: Management | $819,859 |
| Fees for services: Legal | $6,913 |
| Fees for services: Accounting | $99,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,476 |
| Office expenses | $96,181 |
| Information technology | $28,721 |
| Royalties | $0 |
| Occupancy | $1,027,589 |
| Travel | $44,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,554 |
| Interest | $543,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $921,250 |
| Insurance | $1,775,160 |
| All other expenses | $56,311 |
| Total functional expenses | $8,458,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,682 |
| Savings and temporary cash investments | $5,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $499,230 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,428,470 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $480,814 |
| Net Land, buildings, and equipment | $18,574,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $96 |
| Intangible assets | $686,489 |
| Other assets | $4,782,315 |
| Total assets | $27,890,572 |
| Accounts payable and accrued expenses | $1,993,880 |
| Grants payable | $0 |
| Deferred revenue | $129,594 |
| Tax-exempt bond liabilities | $11,310,000 |
| 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 | $445,992 |
| Total liabilities | $13,879,466 |
| Net assets without donor restrictions | $14,011,106 |
| 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 | $27,890,572 |