Form 990 for tax year 2024

Filed by CHN HOUSING CAPITAL.

Totals

Total revenue: $2,985,945
Total expenses: $3,248,506
Contributions and grants received: $2,166,017
Grants paid: $0
Program service revenue: $600,281
Investment income: $0
Other revenue: $219,647
Total assets, end of year: $10,667,311
Total liabilities, end of year: $9,287,524
Net assets or fund balances, end of year: $1,379,787
Program services expenses (Part IX): $3,248,506
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $3,248,506

Program services were 100.0% 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.

1d · Related organizations

$500,000
1e · Government grants (contributions)

$1,251,018
1f · All other contributions, gifts and grants

$414,999
2a · Program service revenue: FEE REVENUE

total $449,092 · related or exempt $449,092
2b · Program service revenue: MORTGAGE INTEREST

total $151,189 · related or exempt $151,189
11a · Other revenue: MISCELLANEOUS REVENUE

total $219,647 · related or exempt $219,647
11e · Other revenue, total

$219,647

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $862,612 · program services $862,612
10 · Payroll taxes

total $192,341 · program services $192,341
11b · Fees: legal

total $19,551 · program services $19,551
11c · Fees: accounting

total $1,874 · program services $1,874
11g · Fees: other

total $141,072 · program services $141,072
13 · Office expenses

total $14,344 · program services $14,344
14 · Information technology

total $27,331 · program services $27,331
16 · Occupancy

total $25,541 · program services $25,541
17 · Travel

total $6,358 · program services $6,358
19 · Conferences, conventions and meetings

total $2,205 · program services $2,205
20 · Interest

total $36,721 · program services $36,721
23 · Insurance

total $32,583 · program services $32,583
24a · Other expenses: RESERVE IMPAIRMENT

total $983,124 · program services $983,124
24b · Other expenses: OTHER PROGRAM EXPENSES

total $895,780 · program services $895,780
24c · Other expenses: DUES AND SUBSCRIPTIONS

total $7,069 · program services $7,069

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $7,344,689 · end of year $7,080,566
3 · Pledges and grants receivable

beginning of year $523,409 · end of year $342,664
4 · Accounts receivable

beginning of year $739,660 · end of year $844,365
7 · Other notes and loans receivable

beginning of year $2,465,572 · end of year $2,386,916
9 · Prepaid expenses and deferred charges

beginning of year $15,504 · end of year $12,800
10a · Land, buildings and equipment: cost or other basis

$43,275
10b · Land, buildings and equipment: accumulated depreciation

$43,275
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $168,782 · end of year $283,691
19 · Deferred revenue

beginning of year $919,652 · end of year $172,477
21 · Escrow or custodial account liability

beginning of year $292,905 · end of year $188,978
23 · Secured mortgages and notes payable

beginning of year $7,387,811 · end of year $8,018,239
25 · Other liabilities

beginning of year $677,336 · end of year $624,139
27 · Net assets without donor restrictions

beginning of year $1,642,348 · end of year $1,379,787

Mission and programs · 2024

Mission

CHN HOUSING CAPITAL IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SERVING LOW-INCOME INDIVIDUALS AND DISTRESSED COMMUNITIES GUIDED BY THE BELIEF THAT HOMEOWNERSHIP SHOULD BE WITHIN EVERYONE'S REACH.

IN TOTAL, CHN HC CLOSED 59 MORTGAGES IN 2024 (BELIEVE MORTGAGES AND Y16 LOAN PRODUCT). CHN HC'S BELIEVE MORTGAGE HAD 96% OF BORROWERS IDENTIFY AS AFRICAN AMERICAN AND 100% OF APPRAISALS WERE AT OR ABOVE PURCHASE PRICE.

Expenses $2,701,465 · Revenue $719,985
IN 2022, CHN HOUSING CAPITAL CONTINUED LENDING OPERATIONS FOR THE LEAD SAFE HOME FUND PROVIDING LOANS TO HELP LANDLORDS OBTAIN LEAD SAFE CERTIFICATION REQUIRED BY THE CITY OF CLEVELAND. THE LEAD SAFE HOME FUND WAS CREATED BY THE LEAD SAFE CLEVELAND COALITION, A GROUP OF OVER 400 ORGANIZATIONS WORKING TO ELIMINATE LEAD POISONING IN CLEVELAND'S AGING HOUSE STOCK.

Expenses $547,041 · Revenue $99,943

As filed on the 2024 return.

Listed in Part VII

CHRIS WARREN

PRESIDENT

Total calculated

$0

Hours/week

1 + 4 related
CAROLYN GALLOWAY

VICE PRESIDENT

Total calculated

$0

Hours/week

1 + 4 related
JIM POZNIK

TREASURER/SECRETARY

Total calculated

$0

Hours/week

1 + 4 related
DAN LAST

DIRECTOR

Total calculated

$0

Hours/week

1 + 4 related
CAROLINE PEAK

DIRECTOR

Total calculated

$0

Hours/week

1 + 4 related
KATHY HEXTER

DIRECTOR

Total calculated

$0

Hours/week

1 + 4 related
KRUME STOJANOVSKI

DIRECTOR

Total calculated

$0

Hours/week

1 + 4 related
MIKE GRIFFIN

DIRECTOR

Total calculated

$0

Hours/week

1 + 4 related
PETER MEISEL

DIRECTOR

Total calculated

$0

Hours/week

1 + 4 related
TERRELL SANDERS

DIRECTOR

Total calculated

$0

Hours/week

1 + 4 related
GREG PERELKA

EXECUTIVE VP OF LENDING OP

Total calculated

$184,322

From this org

$150,324

From related orgs

$0

Other

$33,998

Hours/week

40

Schedule J breakdown matched by us

Base

$150,324

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$33,998

Filer's total

$184,322

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

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
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.

CHN HOUSING PARTNERS

501(C)(3) · PROVIDE AFFORDABLE HOUSING · OH

Provenance

Return type: form_990
Tax year: 2024
Filed: 17 November 2025
IRS schema version: 2024v5.2
Source object: 202523219349307407

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