Form 990 for tax year 2023

Totals

Total revenue

$2,593,485

Total expenses

$4,548,342

Contributions and grants received

$2,439,617

Grants paid

$119,731

Program service revenue

$36,850

Investment income

$108,529

Other revenue

$8,489

Total assets, end of year

$9,670,135

Total liabilities, end of year

$1,343,448

Net assets or fund balances, end of year

$8,326,687

Program services expenses (Part IX)

$3,431,046

Management and general expenses

$880,038

Fundraising expenses

$237,258

Program service expenses (Part III)

$3,431,046

Program services were 75.4% 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.

Mission and programs · 2023

• Housing For All Campaign:Nationally recongized housing for all campaigned generated political will for the District to invest more than $1 billion for the housing production trust fund from FY2001- FY2022. To this date, as resulted in the acquistion production or preservation of more than 10 thousand afforable homes with over 3,000 homes in the pipeline. On the economic development, CNHED provided technical assistance to the council and craft the Districts first low income housing tax credit which has funded at 1 million annually. Though it is awaiting regulation to be implemented, CNHEDs advocacy resulted in the appropriation of 14.5 million including in the 2010 - 2012 budget for small businesses technical assistance. These funds are used to assists up to 3,000 small businesses annually. In May 2022, CNHED hosted the Housing & Economic Justice for All Rally with over 200 registrants. Participants discussed tools and resources to provide affordable housing to District of Columbia residents in the face of a changing job market. Mayor Bowser announced an approved $5 million+ in investments for affordable housing projects for FY 2023. In September 2022, CNHED launched its newest advocacy and community engagement initiative: the Community Voices Working Group! The Community Voices Working Group (CVWG) provides a space for low-to-moderate-income (LMI) Black, Indigenous, and People of Color (BIPOC) who have lived experience to obtain tools, training, and resources that will assist them in conveying their perspectives and achieving their policy and advocacy goals. The CVWG works in partnership with CNHEDs other working groups in developing solutions, and budget recommendations, and tackling other issues facing the community development field. As trusted advocates within their communities, CVWG members will cultivate, motivate, and engage their neighbors to take action on issues that impact them the most.

  Expenses $1,450,605

• Connecting Capital and Community(3C) initiative:In 2022, CNHED partnered with the Center for Community Investment (CCI) to launch the Connecting Capital and Community (3C) initiative, a three-year, multi-sector initiative supported by JP Morgan Chase to advance equitable housing results for low-to-moderate-income (LMI) Black, Indigenous, and People of Color (BIPOC), families and individuals and to strengthen the local housing ecosystem in Washington, D.C. CNHEDs 3C Initiative leverages existing relationships to inform the priorities and build new resources to address the racial wealth gap and mitigate displacement pressures through a focused strategy around housing affordability. This is achieved by increasing the supply of safe, affordable housing to meet demand through high-volume, small-scale (50 units) development-focused pipeline strategies. CNHEDs approach consists of the following: [1] Properties of 2-4 units Enable longtime low- and moderate-income residents to purchase 24-unit buildings and to build wealth as resident owners will reduce racial wealth disparities. [2] Properties of 5-49 units Support developers focused on affordable housing preservation.

  Expenses $1,057,973

• DC Community Anchor Partnership:The DC Community Anchor Partnership (DCAP) is a collaborative of prominent anchor institutions committed to leveraging their operations to advance equitable economic development in the District of Columbia. An initiative of the Coalition for Nonprofit Housing and Economic Development (CNHED), DCAP brings together a network of DC health systems and universities dedicated to using their procurement power to increase market opportunities for DC minority-owned businesses (DC MBEs). The DC Community Anchor Partnership (DCAP) works with local anchor institutions (placed-based entities including hospitals, universities and, new utility companies), using their procurement power to better support the growth of local, DC-based minority-owned business enterprises (MBEs). In January 2022, Georgetown University announced the launch of their first-ever Supplier Diversity Program, which DCAP helped to design. The program includes the following goals: Contribute at least $8M of local supplier spend to DC-based diverse suppliers Spend a minimum of 20% of the universitys total supplier budget on diverse suppliers Ensure that at least 10% of the universitys active suppliers are diverse, with a focus on construction, supplies, professional services and repair and maintenance. DCAP referred five architecture and two general contracting MBEs to Childrens National Hospital for a total of seven DCAP businesses awarded Master Services Agreements (MSAs). DCAP recorded $186M in spending with local, minority-owned companies by its anchor institutions and Increased participating anchor institutions from 10 to 11.

  Expenses $756,536

• CNHED:A 501(c)(3) member association founded in 1991 that leads and supports the community development field in Washington, DC. CNHEDs 180 organizational members include nonprofit and for-profit affordable housing developers, housing counseling and ervice agencies, community economic development organizations, workforce and business development entities, lenders, intermediaries and government agencies. For the Fiscal Year 2023 Budget, CNHED helped achieve increases in key community economic development programs, including $444 million for the Housing Production Trust Fund, the linchpin to creating and preserving affordable housing in DC, and $7.1 million for Great Streets, the Districts commercial revitalization initiative to transform emerging corridors into livable, walkable, and shoppable neighborhood retail experiences. In summary, our advocacy and policy efforts lead to the District investing millions of dollars in additional local funding for affordable housing and economic development programs that work. In addition to $444 million for the Housing Production Trust Fund, we secured $153.3 million for other affordable housing programs, $30.2 million for programs assisting small businesses, and $6.6 million for workforce development programs and support

  Expenses $165,932 · Revenue $36,850

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• 1302 East Capitol Street NE LLC

  $50,000

  Housing Project Grant

• Housing Counseling Services Inc

  $37,500

  Housing Project Grant

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

12 June 2024

IRS schema version

2023v5.0

Source object

202421649349300027

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