Community Housing Capital Inc
- Assets
- $153.8m
- Revenue
- $19.7m
- Investments
- $777.5k
- Employees
- 16
- Location
- Decatur, GA
- Founding
- 04/2002
- Data as of
- 09/2023
- EIN
- 94-3398998
Organization Overview
Community Housing Capital Inc is located in Decatur, GA. The organization was established in 2002. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Community Housing Capital Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Capital Inc 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 09/2023, Community Housing Capital Inc generated $19.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $8.8m during the year ending 09/2023. While expenses have increased by 2.5% per year over the past 8 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
COMMUNITY HOUSING CAPITAL PRIMARILY PROVIDES (SEE SCHEDULE O FOR CONTINUATION) MULTIFAMILY AND SINGLE FAMILY DEVELOPMENT, AND INTERIM ACQUISTION & DEVELOPMENT LENDING FOR AFFORDABLE HOUSING PRESERVATION AND DEVELOPMENT FOR THE BENEFIT OF LOW-TO-MODERATE INCOME FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HOUSING CAPITAL PROVIDES MORTGAGE LENDING FOR MULTIFAMILY AND SINGLE FAMILY DEVELOPMENT, INTERIM ACQUISTION & DEVELOPMENT AFFORDABLE HOUSING PROJECTS SPONSORED BY NEIGHBORWORKS NETWORK ENTITIES. FOR THE FISCAL YEAR ENDED 9/30/2023. COMMUNITY HOUSING CAPITAL DIRECTLY ORIGINATED $79.84 MILLION IN NEW LOANS WHICH FACILITATED AN ADDITIONAL $325.44 MILLION IN DEVELOPMENT AND CREATED OR REHABILITATED 1,366 HOUSING UNITS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Krehmeyer Chairman | OfficerTrustee | 2 | $0 |
Julie Porter Vice Chairwoman | OfficerTrustee | 1 | $0 |
Brian Robinson Treasurer | OfficerTrustee | 1 | $0 |
Patricia Garcia Duarte Director | Trustee | 1 | $0 |
Alan Ferguson Director | Trustee | 1 | $0 |
Bruce Martin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,597,678 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,450,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,047,678 |
| Total Program Service Revenue | $10,244,383 |
| Investment income | $257,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $137,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,688,078 |
| 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. | $1,474,107 |
| Compensation of current officers, directors, key employees. | $312,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,157,895 |
| Pension plan accruals and contributions | $339,452 |
| Other employee benefits | $201,546 |
| Payroll taxes | $160,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,723 |
| Fees for services: Accounting | $152,868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $745,817 |
| Advertising and promotion | $92,648 |
| Office expenses | $58,131 |
| Information technology | $127,835 |
| Royalties | $0 |
| Occupancy | $196,726 |
| Travel | $157,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,517 |
| Interest | $3,358,538 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,445 |
| Insurance | $88,265 |
| All other expenses | $2,832 |
| Total functional expenses | $8,751,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,366,814 |
| Savings and temporary cash investments | $7,759,827 |
| Pledges and grants receivable | $45,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $134,943,811 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,582 |
| Net Land, buildings, and equipment | $914,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $777,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $932,941 |
| Total assets | $153,800,454 |
| Accounts payable and accrued expenses | $1,886,355 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,387,925 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,683,875 |
| Unsecured mortgages and notes payable | $74,530,169 |
| Other liabilities | $0 |
| Total liabilities | $91,488,324 |
| Net assets without donor restrictions | $33,531,801 |
| Net assets with donor restrictions | $28,780,329 |
| 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 | $153,800,454 |