CMHP Properties Inc

EIN: 561891744 501(c)(3) Housing & Shelter

Charlotte, NC

Total Revenue
$2,557,235
Total Expenses
$643,802
Total Assets
$5,008,332
Net Assets
$4,059,562
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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
1994
Legal Domicile
NC
Phone
7043420933
Tax Period
2023-01-01 to 2023-12-31

CMHP Properties Inc, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 450% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 75% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES

Program Service Accomplishments

Program 1
Expenses: $643,802 Revenue: $2,548,004

CMHPP SUPPORTS AND OPERATES EXCLUSIVELY FOR THE BENEFIT OF DREAMKEY PARTNERS, INC. CMHPP OWNS TWO MULTIFAMILY HOUSING PROJECTS (WEST DOWNS II AND THE GABLES AT DRUID HILLS) ) FOR LOW AND MODERATE...

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CMHPP SUPPORTS AND OPERATES EXCLUSIVELY FOR THE BENEFIT OF DREAMKEY PARTNERS, INC. CMHPP OWNS TWO MULTIFAMILY HOUSING PROJECTS (WEST DOWNS II AND THE GABLES AT DRUID HILLS) ) FOR LOW AND MODERATE INCOME FAMILIES CONSISTING OF 68 TOTAL HOUSING UNITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,548,004
Investment Income $9,231
Other Revenue $0
TOTAL REVENUE $2,557,235

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,458
Fundraising Expenses $0
Program Expenses $643,802
Other Expenses $538,344
TOTAL EXPENSES $643,802

Year-over-Year Comparison

2023 2022 Change
Revenue $2,557,235 $464,980 +4.5%
Expenses $643,802 $541,396 +0.2%
Net Income $1,913,433 $-76,416 -26.0%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$776,531
Total Directors
3
$776,531
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice President 1.0
Officer Director
$0 $24,465 $262,273
N/A Treasurer 1.0
Officer Director
$0 $10,197 $198,402
N/A President 1.0
Officer Director
$0 $27,499 $315,856
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 No data No data No data No data
2023 $2,557,235 $643,802 $5,008,332 $1,913,433
2022 $464,980 $541,396 $2,945,076 $-76,416
2021 $418,713 $510,741 $3,075,700 $-92,028
2020 $517,209 $529,377 $3,349,385 $-12,168
2019 $496,164 $509,707 $3,490,334 $-13,543
2018 $544,124 $3,749,177 $2,851,270 $-3,205,053
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