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Nonprofiteer
← COMMUNITY HOUSING AND RESOURCES INC

Form 990 for tax year 2023

Filed by COMMUNITY HOUSING AND RESOURCES INC.

Totals

Total revenue
$2,353,201
Total expenses
$2,075,891
Contributions and grants received
$744,478
Grants paid
$0
Program service revenue
$897,071
Investment income
$138,497
Other revenue
$573,155
Total assets, end of year
$9,046,838
Total liabilities, end of year
$861,991
Net assets or fund balances, end of year
$8,184,847
Program services expenses (Part IX)
$1,851,624
Management and general expenses
$131,748
Fundraising expenses
$92,519
Program service expenses (Part III)
$1,851,624

Program services were 89.2% 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)

    $331,582

  • 1f · All other contributions, gifts and grants

    $412,896

  • 2a · Program service revenue: Unit Assisted Sales

    total $219,201 · related or exempt $219,201

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

    total $677,870 · related or exempt $677,870

  • 3 · Investment income

    total $138,497 · excluded $138,497

  • 8a · Fundraising events: gross income

    $515,103

  • 8b · Fundraising events: direct expenses

    $56,180

  • 8c · Net income from fundraising events

    total $458,923 · excluded $458,923

  • 11a · Other revenue: Other Income

    total $113,832 · related or exempt $113,832

  • 11b · Other revenue: Hurricane Ian Reimburse

    total $400 · related or exempt $400

  • 11e · Other revenue, total

    $114,232

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $135,770 · program services $87,405 · management and general $25,736 · fundraising $22,629

  • 7 · Other salaries and wages

    total $265,347 · program services $170,823 · management and general $50,299 · fundraising $44,225

  • 9 · Other employee benefits

    total $52,388 · program services $42,078 · management and general $7,722 · fundraising $2,588

  • 10 · Payroll taxes

    total $32,854 · program services $26,388 · management and general $4,843 · fundraising $1,623

  • 11g · Fees: other

    total $21,052 · program services $13,896 · management and general $3,578 · fundraising $3,578

  • 12 · Advertising and promotion

    total $82,776 · program services $66,221 · fundraising $16,555

  • 13 · Office expenses

    total $59,426 · program services $41,599 · management and general $17,827

  • 17 · Travel

    total $543 · program services $543

  • 20 · Interest

    total $17,282 · program services $17,282

  • 22 · Depreciation, depletion and amortization

    total $321,203 · program services $321,203

  • 23 · Insurance

    total $263,816 · program services $263,816

  • 24a · Other expenses: Cost of Units Sold

    total $140,644 · program services $140,644

  • 24b · Other expenses: Utilities

    total $107,067 · program services $107,067

  • 24c · Other expenses: CICLT Expense

    total $14,260 · program services $14,260

  • 24d · Other expenses: Repairs and Maintenance

    total $385,575 · program services $385,575

  • 24e · All other expenses

    total $175,888 · program services $152,824 · management and general $21,743 · fundraising $1,321

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $355,058 · end of year $373,323

  • 2 · Savings and temporary cash investments

    beginning of year $2,032,491 · end of year $3,172,305

  • 4 · Accounts receivable

    beginning of year $1,737,972 · end of year $2,361

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,613 · end of year $160,202

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

    $10,371,520

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

    $5,079,242

  • 10c · Land, buildings and equipment, net

    beginning of year $5,067,876 · end of year $5,292,278

  • 15 · Other assets

    end of year $46,369

  • 17 · Accounts payable and accrued expenses

    beginning of year $538,910 · end of year $55,895

  • 23 · Secured mortgages and notes payable

    beginning of year $507,177 · end of year $724,877

  • 25 · Other liabilities

    beginning of year $325,386 · end of year $81,219

  • 27 · Net assets without donor restrictions

    beginning of year $7,584,422 · end of year $7,856,718

  • 28 · Net assets with donor restrictions

    beginning of year $323,115 · end of year $328,129

Mission and programs · 2023

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 8 locations plus 10 limited equity ownership homes throughout Sanibel, thus facilitating local workforce for island businesses and ensuring economic diversity in our community.

    Expenses $1,851,624 · Revenue $677,870

As filed on the 2023 return.

Listed in Part VII

  • Nicole McHale

    Executive Director

    Total calculated
    $59,951
    From this org
    $59,582
    From related orgs
    $0
    Other
    $369
    Hours/week
    45

  • Robert Miller

    Director

    Total calculated
    $0
    Hours/week
    5

  • Chuck Sterrett

    Director

    Total calculated
    $0
    Hours/week
    5

  • Laura DeBruce

    Director

    Total calculated
    $0
    Hours/week
    5

  • Kate Sargent

    Director

    Total calculated
    $0
    Hours/week
    5

  • Clair Beckmann

    Director

    Total calculated
    $0
    Hours/week
    5

  • Robert Monk

    Director

    Total calculated
    $0
    Hours/week
    5

  • William Larson

    Director

    Total calculated
    $0
    Hours/week
    5

  • Shelley Greggs

    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

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.

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
2023
Filed
7 July 2025
IRS schema version
2023v6.0
Source object
202512259349301441

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