CHURCH COMMUNITY HOUSING CORPORATI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

CHRISTIAN BELDEN

Phone

4018465114

Tax Period

2023-10-01 to 2024-09-30

CHURCH COMMUNITY HOUSING CORPORATION, founded in 1969, is a community nonprofit in the Housing & Shelter sector that reported $6.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 26% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS PRIMARILY THROUGH FINANCIAL AND TECHNICAL ASSISTANCE IN HOME OWNERSHIP AND RENTAL OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $4,122,435 Revenue: $3,590,990

THE ORGANIZATION PROVIDES HOME OWNERSHIP AND RENTAL OPPORTUNITIES TO LOW AND MODERATE INCOME PERSONS THROUGH RENTAL OF PROPERTY, ACQUISITION, REHABILITATION AND SALE OF PROPERTIES AND DEVELOPMENT OF AFFORDABLE HOUSING. THE ORGANIZATION HAS 115 APARTMENTS AVAILABLE FOR RENT AT AFFORDABLE RATES. THE ORGANIZATION IS WORKING ON 21 PROPERTIES IN VARIOUS STAGES OF REHABILITATION INCLUDING 14 SOLD DURING THE YEAR. THE ORGANIZATION IS WORKING ON THE REHABILITATION OF 2 EXISITING AND 2 NEW AFFORDABLE HOUSING COMPLEXES AND THE ORGANIZATION ALSO WORKED ON 3 PREDEVELOPMENT PROJECTS THAT WOULD PROVIDE FOR ADDITIONAL AFFORDABLE HOUSING. FOR PROPERTIES SOLD TO LOW AND MODERATE INCOME PERSONS, THE ORGANIZATION RETAINED OWNERSHIP OF THE LAND UNDER A LAND TRUST MODEL AND SOLD THE BUILDING WITH A GROUND LEASE LIMITING FUTURE SALES TO PERSONS MEETING INCOME LIMITS FOR LOW AND MODERATE INCOME HOUSEHOLDS. THE ORGANIZATION OWNS 106 PARCELS OF LAND UNDER THE LAND TRUST MODEL.

Program 2

Expenses: $207,013 Revenue: $284,847

REVOLVING LOAN FUND INITIALLY FUNDED BY FEDERAL FUNDS PASSED THROUGH VARIOUS RI COMMUNITIES AND ADDITIONAL FUNDS PROVIDED BY THE ORGANIZATION USED TO PROVIDE ACQUISITION AND PROPERTY REHABILITATION LOANS TO LOW AND MODERATE INCOME PERSONS CONSISTING OF 307 LOANS, INCLUDING 25 NEW LOANS DURING THE YEAR. IN ADDITION, THE ORGANIZATION ASSISTS THE LOCAL COMMUNITY IN ADMINISTERING ITS CDBG LOAN FUND FOR LOW AND MODERATE INCOME PERSONS OF WHICH THE ORGANIZATION ASSISTED IN THE ADMINISTRATION OF 1 LOAN DURING THE YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,275,260

Program Service Revenue $3,625,996

Investment Income $243,983

Other Revenue $24,054

TOTAL REVENUE $6,169,293

Expense Breakdown

Grants Paid $185,704

Salaries & Benefits $1,710,160

Fundraising Expenses $0

Program Expenses $4,329,448

Other Expenses $2,673,065

TOTAL EXPENSES $4,568,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,169,293	$5,217,929	+0.2%
Expenses	$4,568,929	$3,572,705	+0.3%
Net Income	$1,600,364	$1,645,224	0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$189,260

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARJORIE JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SABEL	TREASURER	2.00	Officer Director	$0	$0	$0
PATRICIA SARGENT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BODINGTON	SECRETARY	2.00	Officer Director	$0	$0	$0
ELIZABETH PHELPS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BARBARA O'REILLY	DIRECTOR	1.00	Director	$0	$0	$0
ALLYSON MCCALLA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN BELDEN	EXECUTIVE DIRECTOR	40.00	Key Emp	$169,258	$20,002	$189,260

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$6,169,293	$4,568,929	$21,629,672	$1,600,364
2023	$5,217,929	$3,572,705	$25,696,917	$1,645,224
2022	$4,667,362	$3,207,871	$22,996,793	$1,459,491
2021	$3,537,333	$2,964,554	$21,809,109	$572,779
2020	$3,149,733	$2,895,226	$21,129,548	$254,507
2019	$4,838,514	$2,939,134	$20,205,655	$1,899,380

CHURCH COMMUNITY HOUSING CORPORATION