Chisom Housing Group
- Assets
- $40.1m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 08/2007
- Data as of
- 12/2021
- 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. 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 12/2021, Chisom Housing Group generated $15.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $8.7m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 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
2021
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 11 APARTMENT COMPLEXES TOTALING 782 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 |
|---|---|---|---|
Sarah Bagley Executive Director | Officer | 40 | $130,000 |
Hans Juhle President | OfficerTrustee | 1 | $0 |
Christopher Porter Treasurer | OfficerTrustee | 1 | $0 |
Matthew Malcom Secretary | OfficerTrustee | 1 | $0 |
Olga Garza Director | Trustee | 1 | $0 |
Thomas Curann 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 | $12,441 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,441 |
| Total Program Service Revenue | $7,686,511 |
| Investment income | $612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,787,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,487,472 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $130,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,126,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,182 |
| Payroll taxes | $117,872 |
| Fees for services: Management | $912,662 |
| Fees for services: Legal | $17,765 |
| Fees for services: Accounting | $106,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,288 |
| Advertising and promotion | $11,413 |
| Office expenses | $99,963 |
| Information technology | $30,214 |
| Royalties | $0 |
| Occupancy | $1,073,407 |
| Travel | $27,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,904 |
| Interest | $1,070,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,238,411 |
| Insurance | $1,184,125 |
| All other expenses | $39,606 |
| Total functional expenses | $8,679,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,343 |
| Savings and temporary cash investments | $80,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $362,807 |
| 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 | $302,108 |
| Net Land, buildings, and equipment | $19,990,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $107 |
| Intangible assets | $828,838 |
| Other assets | $15,628,904 |
| Total assets | $40,133,226 |
| Accounts payable and accrued expenses | $944,608 |
| Grants payable | $0 |
| Deferred revenue | $123,172 |
| Tax-exempt bond liabilities | $22,890,000 |
| 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 | $705,489 |
| Total liabilities | $24,663,269 |
| Net assets without donor restrictions | $15,469,957 |
| 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 | $40,133,226 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chisom Housing Group has recieved totaling $7.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
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 |
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 |
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Habitat For Humanity Of The Chesapeake Inc Baltimore, MD | $24,324,066 | $8,169,233 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Chisom Housing Group Washington, DC | $40,133,226 | $15,487,472 |