Community Housing Partners Corporation

EIN: 541023025 501(c)(3)

CHRISTIANSBURG, VA

Total Revenue
$90,285,851
Total Expenses
$93,969,633
Total Assets
$219,120,501
Net Assets
$95,199,935
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
VA
Phone
5403822002
Tax Period
2024-01-01 to 2024-12-31

Community Housing Partners Corporation, founded in 1974, is a mid-sized nonprofit that reported $90.3M in total revenue in fiscal year 2024.

Mission

CHP'S MISSION IS TO CREATE HOMES AND COMMUNITIES THAT ARE HEALTHY, SUSTAINABLE, AND AFFORDABLE.

Program Service Accomplishments

Program 1
Expenses: $35,212,198 Revenue: $22,939,844

CHP PROVIDES WEATHERIZATION OF HOMES, EMERGENCY HOME REPAIRS, AND EMERGENCY HEATING AND COOLING ASSISTANCE TO VERY LOW-INCOME INDIVIDUALS AND FAMILIES ACROSS VIRGINIA. CHP'S ENERGY SOLUTIONS RESEARCH...

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CHP PROVIDES WEATHERIZATION OF HOMES, EMERGENCY HOME REPAIRS, AND EMERGENCY HEATING AND COOLING ASSISTANCE TO VERY LOW-INCOME INDIVIDUALS AND FAMILIES ACROSS VIRGINIA. CHP'S ENERGY SOLUTIONS RESEARCH AND TRAINING CENTER PROVIDES TRAINING AND CERTIFICATION IN HEATING AND COOLING SERVICE AND INSTALLATION, DIAGNOSTIC TESTING AND CONSERVATION METHODS TO INDIVIDUALS, TECHNICIANS AND ORGANIZATIONS THAT SERVE LOW INCOME INDIVIDUALS ACROSS THE U.S. IN 2024, CHP PROVIDED WEATHERIZATION SERVICES FOR 3,207 HOUSEHOLDS AND SERVED 805 UNIQUE INDIVIDUALS IN WEATHERIZATION AND ENERGY CONSERVATION THROUGH OUR CHP ENERGY SOLUTIONS RESEARCH AND TRAINING CENTER.

Program 2
Expenses: $32,103,937 Revenue: $28,918,913

CHP OWNS OR MANAGES 6,182 UNITS OF MULTIFAMILY HOUSING SERVING LOW AND MODERATE-INCOME RESIDENTS. THE PORFOLIO MANAGED BY CHP INCLUDES HOUSING FOR SENIOR AND DISABLED, FORMERLY HOMELESS, SINGLE...

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CHP OWNS OR MANAGES 6,182 UNITS OF MULTIFAMILY HOUSING SERVING LOW AND MODERATE-INCOME RESIDENTS. THE PORFOLIO MANAGED BY CHP INCLUDES HOUSING FOR SENIOR AND DISABLED, FORMERLY HOMELESS, SINGLE FEMALE HEADS-OF-HOUSEHOLD AND OTHER INDIVIDUALS AND FAMILIES OF LOW-INCOME. CHP'S SERVICES ALSO INCLUDE THE PROVISION OF RESIDENT SERVICES SUCH AS AFTER SCHOOL PROGRAMS, FINANCIAL LITERACY EDUCATION, JOB READINESS SKILLS BUILDING AND LEADERSHIP OPPORTUNITIES. IN 2024, CHP SUPPORTIVE SERVICE COORDINATORS AND OUR PARTNERS DELIVERED 74,125 UNITS OF PROGRAMMING TO OUR RESIDENTS. IN ADDITION, CHP IS A LICENSED REAL ESTATE COMPANY SERVING LOW TO MODERATE INCOME HOMEBUYERS. OUR CONTINUUM OF SERVICES INCLUDES SALES, ACCESS TO BELOW MARKET MORTGAGES, HOMEBUYER EDUCATION AND HOMEOWNERSHIP COUNSELING. IN 2024, CHP PROVIDED HOMEOWNERSHIP TRAINING TO 71 HOUSEHOLDS AND PROVIDED ACCESS TO DOWN PAYMENT ASSISTANCE AND MORTGAGES TO 2 FAMILIES. CHP REALTY SOLD 2 HOMES.

Program 3
Expenses: $11,480,849 Revenue: $9,079,178

CHP WORKS WITH PUBLIC AND PRIVATE PARTNERS TO PRESERVE AND CONSTRUCT AFFORDABLE RENTAL HOUSING FOR LOW-INCOME INDIVIDUALS AND HOUSEHOLDS ACROSS THE SOUTHEAST AND MID-ATLANTIC U.S. In 2024, CHP...

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CHP WORKS WITH PUBLIC AND PRIVATE PARTNERS TO PRESERVE AND CONSTRUCT AFFORDABLE RENTAL HOUSING FOR LOW-INCOME INDIVIDUALS AND HOUSEHOLDS ACROSS THE SOUTHEAST AND MID-ATLANTIC U.S. In 2024, CHP completed four rehabilitation projects. One was a 72 unit in Galax, Virginia, two were 80 senior housing units across the eastern shore of Virginia, and the last one was a 32 senior housing unit in Independence, Virginia. Also, in 2024 CHP started construction of a 52 unit project in Chapel Hill, NC. This project should be placed in service by year end 2025.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,276,726
Program Service Revenue $61,617,629
Investment Income $2,227,695
Other Revenue $163,801
TOTAL REVENUE $90,285,851

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,705,489
Fundraising Expenses $300,712
Program Expenses $78,796,984
Other Expenses $71,264,144
TOTAL EXPENSES $93,969,633

Year-over-Year Comparison

2024 2023 Change
Revenue $90,285,851 $84,631,393 +0.1%
Expenses $93,969,633 $87,631,906 +0.1%
Net Income $-3,683,782 $-3,000,513 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
534
Volunteers
2442

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
3
$1,228,708
Total Directors
9
$0
Key Employees
3
$767,685
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ana Castilla Vice Chair 1.0
Director
$0 $0 $0
Charles Famuliner Past Chair 1.0
Director
$0 $0 $0
Deborah Sherman Lee Member 1.0
Director
$0 $0 $0
Harold Nassau Member 1.0
Director
$0 $0 $0
John Randolph Member 1.0
Director
$0 $0 $0
Nathan Kerr Member 1.0
Director
$0 $0 $0
Racquel Reddie Board Chair 1.0
Director
$0 $0 $0
Shawn McMahon Member 1.0
Director
$0 $0 $0
Susan Sisk Member 1.0
Director
$0 $0 $0
J Andy Hall Chief Operating Officer 40.0
Officer
$343,506 $39,583 $383,089
Jeffrey Reed CEO/President 40.0
Officer
$445,371 $59,710 $505,081
Lance Sutherland EVP/CFO 40.0
Officer
$278,113 $62,425 $340,538
Andy Davenport Vice President 40.0
Key Emp
$236,276 $26,310 $262,586
Mark Jackson Vice President 40.0
Key Emp
$215,183 $53,464 $268,647
Shaun Rai Senior Vice President 40.0
Key Emp
$185,524 $50,928 $236,452
Angie Roberts Dobbins Vice President 40.0
Highest
$173,753 $24,497 $198,250
Eric Chapman General Counsel 40.0
Highest
$202,764 $51,520 $254,284
Kim Strahm Vice President 40.0
Highest
$166,545 $23,372 $189,917
Laura Croft Vice President 40.0
Highest
$163,744 $33,428 $197,172
Todd Collins Assistant Vice President 40.0
Highest
$171,352 $29,790 $201,142
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 $90,285,851 $93,969,633 $219,120,501 $-3,683,782
2023 $84,631,393 $87,631,906 $205,088,010 $-3,000,513
2022 $72,240,138 $74,238,964 $210,920,103 $-1,998,826
2021 $87,907,515 $63,943,408 $210,530,324 $23,964,107
2020 $50,238,321 $50,451,685 $191,796,769 $-213,364
2019 $47,009,086 $46,257,431 $176,845,940 $751,655
2018 $51,052,675 $53,970,449 $154,260,705 $-2,917,774
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