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Nonprofiteer
← COMMUNITY HOUSING SOLUTIONS OF GUILFORD INC

Form 990 for tax year 2023

Filed by COMMUNITY HOUSING SOLUTIONS OF GUILFORD INC.

Totals

Total revenue
$3,766,634
Total expenses
$3,791,354
Contributions and grants received
$3,386,900
Grants paid
$0
Program service revenue
$368,639
Investment income
$8,695
Other revenue
$2,400
Total assets, end of year
$2,206,957
Total liabilities, end of year
$1,135,862
Net assets or fund balances, end of year
$1,071,095
Program services expenses (Part IX)
$3,500,793
Management and general expenses
$290,561
Fundraising expenses
$0
Program service expenses (Part III)
$3,500,793

Program services were 92.3% 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)

    $1,855,154

  • 1f · All other contributions, gifts and grants

    $1,531,746

  • 2a · Program service revenue: MAJOR HOME REPAIR FEES

    total $252,013 · related or exempt $252,013

  • 2b · Program service revenue: DEVELOPER FEE

    total $117,380 · related or exempt $117,380

  • 2c · Program service revenue: CONTRACTED SERVICES

    total $4,737 · related or exempt $4,737

  • 2d · Program service revenue: LOSS ON REAL ESTATE HE

    total -$5,491 · related or exempt -$5,491

  • 3 · Investment income

    total $5,995 · excluded $5,995

  • 6a · Gross rents

    real property $2,400

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,400

  • 6d · Net rental income or loss

    total $2,400 · excluded $2,400

  • 7a · Gross sales of assets other than inventory

    other assets $4,000

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

    other assets $1,300

  • 7c · Gain or loss

    other assets $2,700

  • 7d · Net gain or loss

    total $2,700 · excluded $2,700

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $219,462 · program services $166,957 · management and general $52,505

  • 7 · Other salaries and wages

    total $294,680 · program services $245,137 · management and general $49,543

  • 9 · Other employee benefits

    total $87,230 · program services $72,565 · management and general $14,665

  • 10 · Payroll taxes

    total $36,599 · program services $30,445 · management and general $6,154

  • 11c · Fees: accounting

    total $33,663 · management and general $33,663

  • 11g · Fees: other

    total $6,306 · program services $5,321 · management and general $985

  • 12 · Advertising and promotion

    total $8,626 · management and general $8,626

  • 13 · Office expenses

    total $15,420 · management and general $15,420

  • 14 · Information technology

    total $31,920 · management and general $31,920

  • 16 · Occupancy

    total $44,813 · program services $27,001 · management and general $17,812

  • 19 · Conferences, conventions and meetings

    total $13,797 · management and general $13,797

  • 20 · Interest

    total $7,477 · management and general $7,477

  • 22 · Depreciation, depletion and amortization

    total $18,346 · program services $18,346

  • 23 · Insurance

    total $39,194 · program services $18,346 · management and general $20,848

  • 24a · Other expenses: NEW CONSTRUCTION

    total $2,044,135 · program services $2,044,135

  • 24b · Other expenses: REPAIRS TO HOMES

    total $872,540 · program services $872,540

  • 24c · Other expenses: MISCELLANEOUS

    total $14,148 · management and general $14,148

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,321 · management and general $2,321

  • 24e · All other expenses

    total $677 · management and general $677

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $323,485 · end of year $934,210

  • 2 · Savings and temporary cash investments

    beginning of year $66,736 · end of year $60,010

  • 3 · Pledges and grants receivable

    beginning of year $171,735 · end of year $204,951

  • 4 · Accounts receivable

    beginning of year $544,047 · end of year $479,668

  • 8 · Inventories for sale or use

    beginning of year $1,961 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,544 · end of year $7,544

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

    $464,210

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

    $173,326

  • 10c · Land, buildings and equipment, net

    beginning of year $284,800 · end of year $290,884

  • 15 · Other assets

    beginning of year $273,828 · end of year $229,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,438 · end of year $125,806

  • 19 · Deferred revenue

    beginning of year $11,250 · end of year $578,440

  • 24 · Unsecured notes and loans payable

    beginning of year $462,633 · end of year $431,616

  • 27 · Net assets without donor restrictions

    beginning of year $1,035,815 · end of year $1,051,095

  • 28 · Net assets with donor restrictions

    beginning of year $60,000 · end of year $20,000

Mission and programs · 2023

Mission

COMMUNITY HOUSING SOLUTIONS' MISSION IS TO MAKE GUILFORD COUNTY HOMES WARMER, DRIER AND SAFER BY PROVIDING REPAIRS AND OWNERSHIP OPPORTUNITIES TO LOW-INCOME HOMEOWNERS.

Activities or mission (Part I)

PRESERVE AND PROVIDE AFFORDABLE HOUSING THROUGH HOME REPAIRS, RENOVATIONS AND NEW CONSTRUCTION FOR LOW-INCOME FAMILIES TO RESTORE DIGNITY AND HOPE.

  • REPAIRED AND RENOVATED 131 HOMES IN GUILFORD COUNTY FOR LOW INCOME FAMILIES TO PRESERVE HOME OWNERSHIP RESTORING DIGNITY AND HOPE.

    Expenses $1,405,173 · Revenue $368,639

  • CHS BUILT 11 NEW HOMES IN 2023. 9 WERE IN THE CEDROW NEIGHBORHOOD OF HIGH POINT AND 2 WERE IN THE KINGS FORREST NEIGHBORHOOD OF GREENSBORO.

    Expenses $2,095,620

As filed on the 2023 return.

Listed in Part VII

  • John Anderson

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Dave Maner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Ashley Ricks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tanya Beatty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Johnny Sigers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dominique Cleveland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • David Dorich

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Sallie Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jerry Mingo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • John E Newman Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Erica Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Diana Rosario

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jay Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael Schmeiser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jarrett Willis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Eugene C Brown III

    PRESIDENT

    Total calculated
    $110,373
    From this org
    $88,575
    From related orgs
    $0
    Other
    $21,798
    Hours/week
    40

  • Clyde W Rudd Jr

    PAST TREASURER

    Total calculated
    $4,750
    From this org
    $4,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Virginia Wilkerson

    TREASURER

    Total calculated
    $14,011
    From this org
    $14,011
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Cheryl Brandberg

    SECRETARY/ASSOC EXECUTIVE DIRECTOR

    Total calculated
    $90,326
    From this org
    $79,327
    From related orgs
    $0
    Other
    $10,999
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349317047

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