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Nonprofiteer
← COMMONWEALTH CATHOLIC CHARITIES HOUSING CORP

Form 990 for tax year 2024

Filed by COMMONWEALTH CATHOLIC CHARITIES HOUSING CORP.

Totals

Total revenue
$973,495
Total expenses
$328,591
Contributions and grants received
$497,249
Grants paid
$0
Program service revenue
$521,824
Investment income
-$45,606
Other revenue
$28
Total assets, end of year
$3,528,176
Total liabilities, end of year
$1,992,897
Net assets or fund balances, end of year
$1,535,279
Program services expenses (Part IX)
$321,511
Management and general expenses
$7,080
Fundraising expenses
$0
Program service expenses (Part III)
$321,511

Program services were 97.8% 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)

    $497,249

  • 2a · Program service revenue: Rental Income

    total $40,132 · related or exempt $40,132

  • 2b · Program service revenue: Development Fee Income

    total $481,692 · related or exempt $481,692

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $1,380,824

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

    other assets $1,426,430

  • 7c · Gain or loss

    securities $0 · other assets -$45,606

  • 7d · Net gain or loss

    total -$45,606 · excluded -$45,606

  • 11a · Other revenue: Miscellaneous Income

    total $28 · related or exempt $28

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $28

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $25,688 · program services $25,688

  • 11c · Fees: accounting

    total $7,080 · management and general $7,080

  • 11g · Fees: other

    total $111,810 · program services $111,810 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $4,828 · program services $4,828

  • 13 · Office expenses

    total $4,162 · program services $4,162

  • 16 · Occupancy

    total $60,492 · program services $60,492

  • 20 · Interest

    total $72,013 · program services $72,013

  • 22 · Depreciation, depletion and amortization

    total $12,458 · program services $12,458

  • 23 · Insurance

    total $4,103 · program services $4,103

  • 24a · Other expenses: Miscellaneous Expenses

    total $13,176 · program services $13,176

  • 24b · Other expenses: Real Estate Taxes

    total $8,533 · program services $8,533

  • 24c · Other expenses: Bank Service Charges

    total $1,198 · program services $1,198

  • 24e · All other expenses

    total $3,050 · program services $3,050 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $222,309 · end of year $6,493

  • 4 · Accounts receivable

    beginning of year $6,179 · end of year $173,692

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    end of year $480,000

  • 9 · Prepaid expenses and deferred charges

    end of year $48,266

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

    $2,055,427

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

    $177,449

  • 10c · Land, buildings and equipment, net

    beginning of year $2,734,167 · end of year $1,877,978

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $575,000

  • 15 · Other assets

    beginning of year $0 · end of year $366,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,676 · end of year $9,972

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $3,020,744 · end of year $1,562,444

  • 25 · Other liabilities

    beginning of year $451,913 · end of year $420,481

  • 27 · Net assets without donor restrictions

    beginning of year -$575,678 · end of year $1,535,279

Mission and programs · 2024

Mission

DEVELOP, ACQUIRE, OWN, FINANCE, MANAGE, AND OTHERWISE PROVIDE AFFORDABLE HOUSING AND HOUSING-RELATED SERVICES.

  • DEVELOP, ACQUIRE, OWN, FINANCE, MANAGE, AND OTHERWISE PROVIDE AFFORDABLE HOUSING AND HOUSING-RELATED SERVICES.

    Expenses $321,511 · Revenue $521,852

As filed on the 2024 return.

Listed in Part VII

  • Eric Mai

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Rev Mr Ronald A Reger

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Rosann Bocciarelli

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Sheba Williams

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Beverly Ross

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cathy Woodson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joyce M Knight

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lucia Anna Pia Trigaini

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Patrice Shelton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paul Sinclair

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Richard Derrico

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jason Brown

    Chief Executive Officer

    Total calculated
    $285,426
    From this org
    $0
    From related orgs
    $245,282
    Other
    $40,144
    Hours/week
    1 + 38.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,282 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,308 related
    Nontaxable benefits
    $0 + $22,836 related
    Filer's total
    $0 + $285,426 related

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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE COMPENSATION REPORTED ON FORM 990, PART VII, SECTION A & SCHEDULE J, PART II FOR JASON BROWN WAS PAID BY A RELATED TAX-EXEMPT ORGANIZATION: COMMONWEALTH CATHOLIC CHARITIES. THE COMPENSATION OF JASON BROWN IS SET BY THE BOARD OF DIRECTORS AND THE PERSONNEL COMMITTEE OF THE BOARD AFTER REVIEW OF SURVEY DATA PROVIDED BY CATHOLIC CHARITIES USA AND PUBLICLY AVAILABLE DATA OF VIRGINIA BASED NON-PROFITS.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CCCHC LIBERTY LLC

    INVESTMENT REAL ESTATE · VA · income $0 · assets $0

    Directly controlled by COMMONWEALTH CATHOLIC CHARITIES HOUSING CORPORATION

  • CCC GANDERBROOK DRIVE LLC

    INVESTMENT REAL ESTATE · VA · income $0 · assets $0

    Directly controlled by COMMONWEALTH CATHOLIC CHARITIES HOUSING CORPORATION

  • CCC 809 OLIVER HILL WAY LLC

    INVESTMENT REAL ESTATE · VA · income $0 · assets $0

    Directly controlled by COMMONWEALTH CATHOLIC CHARITIES HOUSING CORPORATION

  • 809 OLIVER HILL WAY LLC

    INVESTMENT REAL ESTATE · VA · income $0 · assets $0

    Directly controlled by CCC 809 OLIVER HILL WAY LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CCC NETTLES DRIVE LLC

    C Corporation · INVESTMENT REAL ESTATE · VA · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by CCCHC

  • CCC BRADY STREET LLC

    C Corporation · INVESTMENT REAL ESTATE · VA · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by CCCHC

  • CCC FOURQUREAN LLC

    C Corporation · INVESTMENT REAL ESTATE · VA · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by CCCHC

Provenance

Return type
form_990
Tax year
2024
Filed
1 June 2026
IRS schema version
2024v5.1
Source object
202631529349301078

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