COMMUNITY HOUSING DEVELOPMENT CORP… - 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

2005

Legal Domicile

Principal Officer

LANCE H COCHRAN

Phone

7858336868

Tax Period

2025-01-01 to 2025-12-31

COMMUNITY HOUSING DEVELOPMENT CORPORATION OF CENTRAL KANSAS, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $592K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $146K, a strong 25% operating margin.

Mission

TO PROVIDE QUALITY HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PERSONS BY DEVELOPING, PROMOTING, AND FACILITATING ACCESS TO AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $433,921 Revenue: $528,491

TO ASSIST WITH NEEDS IN THE COMMUNITY FOR HOUSING FOR THE LOW AND MIDDLE INCOME GROUPS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $4,085

Program Service Revenue $528,491

Investment Income $13,194

Other Revenue $46,708

TOTAL REVENUE $592,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,003

Fundraising Expenses $0

Program Expenses $433,921

Other Expenses $397,933

TOTAL EXPENSES $446,936

Year-over-Year Comparison

	2025	2024	Change
Revenue	$592,478	$716,005	-0.2%
Expenses	$446,936	$559,920	-0.2%
Net Income	$145,542	$156,085	-0.1%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANCE H COCHRAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
GARY HOBBIE	BOARD MEMBER	4.00	Director	$0	$0	$0
DAHX MARRS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMMIE POTTBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY SCHWARTZFAGER	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY TRIGG	BOARD MEMBER	1.00	Director	$0	$0	$0

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
2025	$592,478	$446,936	$3,211,797	$145,542
2024	$716,005	$559,920	$3,159,215	$156,085
2023	$954,166	$934,952	$3,092,523	$19,214
2022	$134,283	$228,675	$3,159,981	$-94,392
2021	$90,093	$17,656	$272,392	$72,437
2019	$212,130	$9,368	$203,408	$202,762

COMMUNITY HOUSING DEVELOPMENT CORPORATION OF CENTRAL KANSAS