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← COMMUNITY HOUSING AND RESOURCES INC

Form 990 for tax year 2022

Filed by COMMUNITY HOUSING AND RESOURCES INC.

Totals

Total revenue
$4,672,945
Total expenses
$1,910,327
Contributions and grants received
$1,554,523
Grants paid
$0
Program service revenue
$264,365
Investment income
$9,973
Other revenue
$2,844,084
Total assets, end of year
$9,279,010
Total liabilities, end of year
$1,371,473
Net assets or fund balances, end of year
$7,907,537
Program services expenses (Part IX)
$1,757,794
Management and general expenses
$88,501
Fundraising expenses
$64,032
Program service expenses (Part III)
$1,757,794

Program services were 92.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $414,477

  • 1f · All other contributions, gifts and grants

    $1,140,046

  • 2a · Program service revenue: Unit Assisted Sales

  • 2b · Program service revenue: Rent and Utility contr

    total $264,365 · related or exempt $264,365

  • 3 · Investment income

    total $25,673 · excluded $25,673

  • 7b · Less cost or other basis and sales expenses

    other assets $15,700

  • 7c · Gain or loss

    other assets -$15,700

  • 7d · Net gain or loss

    total -$15,700 · related or exempt -$15,700

  • 8a · Fundraising events: gross income

    $56,350

  • 8b · Fundraising events: direct expenses

    $19,875

  • 8c · Net income from fundraising events

    total $36,475 · excluded $36,475

  • 11a · Other revenue: Other Income

    total $38,782 · related or exempt $38,782

  • 11b · Other revenue: Hurricane Ian Reimburse

    total $2,768,827 · related or exempt $2,768,827

  • 11e · Other revenue, total

    $2,807,609

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $106,727 · program services $66,739 · management and general $20,905 · fundraising $19,083

  • 7 · Other salaries and wages

    total $190,361 · program services $119,037 · management and general $37,286 · fundraising $34,038

  • 9 · Other employee benefits

    total $43,104 · program services $34,621 · management and general $6,354 · fundraising $2,129

  • 10 · Payroll taxes

    total $18,172 · program services $14,595 · management and general $2,679 · fundraising $898

  • 11g · Fees: other

    total $1,120 · program services $1,120

  • 12 · Advertising and promotion

    total $34,187 · program services $27,350 · fundraising $6,837

  • 13 · Office expenses

    total $37,923 · program services $26,546 · management and general $11,377

  • 17 · Travel

    total $1,741 · program services $1,741

  • 20 · Interest

    total $20,930 · program services $20,930

  • 22 · Depreciation, depletion and amortization

    total $243,343 · program services $243,343

  • 23 · Insurance

    total $204,318 · program services $204,318

  • 24a · Other expenses: Tenant Assistance Activities

    total $97,440 · program services $97,440

  • 24b · Other expenses: Utilities

    total $95,916 · program services $95,916

  • 24c · Other expenses: CICLT Expense

    total $12,584 · program services $12,584

  • 24d · Other expenses: Repairs and Maintenance

    total $709,816 · program services $709,816

  • 24e · All other expenses

    total $92,645 · program services $81,698 · management and general $9,900 · fundraising $1,047

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,100 · end of year $355,058

  • 2 · Savings and temporary cash investments

    beginning of year $2,280,145 · end of year $2,032,491

  • 4 · Accounts receivable

    beginning of year $307,018 · end of year $1,737,972

  • 9 · Prepaid expenses and deferred charges

    beginning of year $96,874 · end of year $85,613

  • 10a · Land, buildings and equipment: cost or other basis

    $9,844,340

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,776,464

  • 10c · Land, buildings and equipment, net

    beginning of year $3,582,188 · end of year $5,067,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $83,056 · end of year $538,910

  • 23 · Secured mortgages and notes payable

    beginning of year $644,504 · end of year $507,177

  • 25 · Other liabilities

    beginning of year $433,846 · end of year $325,386

  • 27 · Net assets without donor restrictions

    beginning of year $4,819,736 · end of year $7,584,422

  • 28 · Net assets with donor restrictions

    beginning of year $325,183 · end of year $323,115

Mission and programs · 2022

Mission

CHR is a private not-for-profit organization primarily dedicated to providing affordable housing to families and individuals who work on or serve the community of Sanibel.

  • CHR administers housing for 150 island residents in 11 rental complexes plus 14 limited equity ownership homes throughout Sanibel, thus facilitating local workforce for island businesses and ensuring economic diversity in our community.

    Expenses $1,757,794 · Revenue $264,365

As filed on the 2022 return.

Listed in Part VII

  • Melissa Rice

    Former Executive Director

    Total calculated
    $97,253
    From this org
    $97,253
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $97,253
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $97,253

  • Robert Glick

    Director

    Total calculated
    $0
    Hours/week
    5

  • Chris Coile

    Director

    Total calculated
    $0
    Hours/week
    5

  • Lena Brown

    Director

    Total calculated
    $0
    Hours/week
    5

  • Shelley Greggs

    Director

    Total calculated
    $0
    Hours/week
    5

  • Kate Sergeant

    Director

    Total calculated
    $0
    Hours/week
    5

  • Robert Miller

    Director

    Total calculated
    $0
    Hours/week
    5

  • Phil Marks

    Director

    Total calculated
    $0
    Hours/week
    5

  • Mona Strasser

    Director

    Total calculated
    $0
    Hours/week
    5

  • Stephen Brown

    Director

    Total calculated
    $0
    Hours/week
    5

  • Tim Garmager

    Director

    Total calculated
    $0
    Hours/week
    5

  • George Campean

    Director

    Total calculated
    $0
    Hours/week
    5

  • Laura DeBruce

    DirectorSecretary

    Total calculated
    $0
    Hours/week
    5

  • Doug Babcock

    DirectorTreasurer

    Total calculated
    $0
    Hours/week
    5

  • Roger Grogman

    DirectorPresident

    Total calculated
    $0
    Hours/week
    5

  • Erika Steiner

    DirectorVice President

    Total calculated
    $0
    Hours/week
    5

  • Nicole McHale

    Executive Director

    Total calculated
    $0
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee

Answered no

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
31 May 2024
IRS schema version
2022v5.0
Source object
202401769349300750

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