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← COMMUNITY HOUSING AND RESOURCES INC

Form 990 for tax year 2024

Filed by COMMUNITY HOUSING AND RESOURCES INC.

Totals

Total revenue
$5,283,555
Total expenses
$2,256,704
Contributions and grants received
$3,897,343
Grants paid
$0
Program service revenue
$928,465
Investment income
$101,038
Other revenue
$356,709
Total assets, end of year
$12,187,265
Total liabilities, end of year
$975,567
Net assets or fund balances, end of year
$11,211,698
Program services expenses (Part IX)
$2,057,261
Management and general expenses
$150,280
Fundraising expenses
$49,163
Program service expenses (Part III)
$2,057,261

Program services were 91.2% 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)

    $373,020

  • 1f · All other contributions, gifts and grants

    $3,524,323

  • 2a · Program service revenue: RENT AND UTILITY CONTR

    total $812,830 · related or exempt $812,830

  • 2b · Program service revenue: UNIT ASSISTED SALES

    total $115,635 · related or exempt $115,635

  • 3 · Investment income

    total $158,771 · excluded $158,771

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

    other assets $57,733

  • 7c · Gain or loss

    other assets -$57,733

  • 7d · Net gain or loss

    total -$57,733 · related or exempt -$57,733

  • 8a · Fundraising events: gross income

    $292,615

  • 8b · Fundraising events: direct expenses

    $132,467

  • 8c · Net income from fundraising events

    total $160,148

  • 11a · Other revenue: HURRICANE IAN REIMBURSEMENT

    total $172,350 · related or exempt $172,350

  • 11b · Other revenue: OTHER INCOME

    total $24,211 · related or exempt $24,211

  • 11e · Other revenue, total

    $196,561

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $154,249 · program services $123,893 · management and general $22,736 · fundraising $7,620

  • 7 · Other salaries and wages

    total $309,205 · program services $248,353 · management and general $45,577 · fundraising $15,275

  • 9 · Other employee benefits

    total $102,929 · program services $82,672 · management and general $15,172 · fundraising $5,085

  • 10 · Payroll taxes

    total $37,802 · program services $30,363 · management and general $5,572 · fundraising $1,867

  • 11g · Fees: other

    total $53,011 · program services $53,011

  • 12 · Advertising and promotion

    total $83,860 · program services $67,088 · fundraising $16,772

  • 13 · Office expenses

    total $95,849 · program services $64,795 · management and general $28,754 · fundraising $2,300

  • 14 · Information technology

    total $2,441 · program services $1,953 · management and general $244 · fundraising $244

  • 16 · Occupancy

    total $109,680 · program services $109,680

  • 17 · Travel

    total $2,563 · program services $2,563

  • 20 · Interest

    total $13,020 · program services $13,020

  • 22 · Depreciation, depletion and amortization

    total $347,154 · program services $347,154

  • 23 · Insurance

    total $391,342 · program services $391,342

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $355,222 · program services $355,222

  • 24b · Other expenses: BAD DEBT

    total $49,569 · program services $49,569

  • 24c · Other expenses: LEO APPRECIATION

    total $30,215 · program services $30,215

  • 24d · Other expenses: MISCELLANEOUS

    total $30,076 · program services $30,076

  • 24e · All other expenses

    total $88,517 · program services $56,292 · management and general $32,225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $373,323 · end of year $382,979

  • 2 · Savings and temporary cash investments

    beginning of year $3,172,305 · end of year $5,232,005

  • 4 · Accounts receivable

    beginning of year $2,361

  • 9 · Prepaid expenses and deferred charges

    beginning of year $160,202 · end of year $159,469

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

    $11,808,166

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

    $5,413,583

  • 10c · Land, buildings and equipment, net

    beginning of year $5,292,278 · end of year $6,394,583

  • 15 · Other assets

    beginning of year $46,369 · end of year $18,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,895 · end of year $276,893

  • 19 · Deferred revenue

    end of year $86,790

  • 23 · Secured mortgages and notes payable

    beginning of year $724,877 · end of year $556,405

  • 25 · Other liabilities

    beginning of year $81,219 · end of year $55,479

  • 27 · Net assets without donor restrictions

    beginning of year $7,856,718 · end of year $10,881,728

  • 28 · Net assets with donor restrictions

    beginning of year $328,129 · end of year $329,970

Mission and programs · 2024

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 $2,057,261 · Revenue $812,830

As filed on the 2024 return.

Listed in Part VII

  • Nicole McHale

    EXECUTIVE DI

    Total calculated
    $151,865
    From this org
    $151,865
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $151,865
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $151,865

  • Craig Albert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Clair Beckmann

    DIRECTOR/TRE

    Total calculated
    $0
    Hours/week
    5

  • Shelley Greggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Bill Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Bob Miller

    DIRECTOR/VP

    Total calculated
    $0
    Hours/week
    5

  • Robert Monk

    DIRECTOR/SEC

    Total calculated
    $0
    Hours/week
    5

  • Arlene Mowry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Pam Rosen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Erika Steiner

    DIRECTOR/PRE

    Total calculated
    $0
    Hours/week
    5

  • Chuck Sterrett

    DIRECTOR

    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. 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.

Provenance

Return type
form_990
Tax year
2024
Filed
4 September 2025
IRS schema version
2024v5.0
Source object
202612189349300146

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