COMMUNITY HOUSING INITIATIVE INC

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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

1992

Legal Domicile

Principal Officer

NICOLE TENPENNY

Phone

3212530053

Tax Period

2024-07-01 to 2025-06-30

COMMUNITY HOUSING INITIATIVE INC, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

AS A NOT-FOR-PROFIT CHARITABLE DEVELOPMENT CORPORATION, COMMUNITY HOUSING INITIATIVE, INC. IS COMMITTED TO PROVIDING AFFORDABLE HOUSING TO THE VERY LOW, LOW, AND MODERATE-INCOME HOUSEHOLDS.OUR GOAL IS TO IMPROVE THE QUALITY OF LIFE AND BUILD STRONG RELATIONSHIPS WITH EXISTING SERVICE ORGANIZATIONS IN THE COMMUNITIES WE SERVE. WE WILL PURSUE THE EDUCATION OF COMMUNITIES IN AN ATTEMPT TO INCREASE PUBLIC AWARENESS OF THE NEED FOR AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $625,059

THE DEVELOPMENT AND OPERATION OF WILLOW BROOK VILLAGE APARTMENTS: C.H.I DEVELOPED AND NOW OPERATES AN AFFORDABLE HOUSING APARTMENT COMPLEX WITH 24 2-BEDROOM AND 32 3-BEDROOM UNITS. THE UNITS ARE...

THE DEVELOPMENT AND OPERATION OF WILLOW BROOK VILLAGE APARTMENTS: C.H.I DEVELOPED AND NOW OPERATES AN AFFORDABLE HOUSING APARTMENT COMPLEX WITH 24 2-BEDROOM AND 32 3-BEDROOM UNITS. THE UNITS ARE LEASED TO FAMILIES OF LOW AND MODERATE-INCOME LEVELS. IN ADDITION, C.H.I PROVIDES VARIOUS OTHER TYPES OF PROGRAMS FOR THEIR RESIDENTS WHICH INDLUDES COUNSELING IN BUDGETING AND FINANCE, CREDIT COUNSELING, HOME MAINTENANCE, AND AFFORDABLE DAYCARE COORDINATION. THE COMPANY ALSO OFFERS HOME OWNERSHIP OPPORTUNITIES TO THEIR RESIDENTS BY ALLOWING THEM TO QUALIFY A PORTION OF THEIR RENT TOWARDS A DOWN PAYMENT.

Program 2

Expenses: $1,492,523

FIRST TIME HOMEBUYER ASSISTANCE PROGRAMS. WE PROVIDE DOWN PAYMENT, CLOSING COST AND IN SOME INSTANCES REPAIR ASSISTANCE TO VERY LOW, LOW AND MODERATE INCOME PEOPLE SO THAT THEY CAN PURCHASE A FIRST TIME HOME.AS A DEVELOPER, C.H.I. IS BUILDING SINGLE FAMILY HOMES IN THE CITIES OF MELBOURNE AND COCOA THAT WILL BE SOLD TO INCOME ELIGIBLE FIRST TIME HOMEBUYERS. AS OF JUNE 30, 2025, C.H.I HAS COMPLETED OVER 40 INFILL HOMES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,116,475

Investment Income $35,519

Other Revenue $0

TOTAL REVENUE $2,151,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,451

Fundraising Expenses $0

Program Expenses $2,117,582

Other Expenses $1,873,603

TOTAL EXPENSES $2,183,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,151,994	$2,441,212	-0.1%
Expenses	$2,183,054	$2,277,696	0.0%
Net Income	$-31,060	$163,516	-1.2%

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

$140,558

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORETTA WILLIAMS	TREASURER	0.25	Officer Director	$0	$0	$0
DONNA BROWNING	SECRETARY	0.25	Officer Director	$0	$0	$0
TINA JOHNS	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
MARILYN MCANDREW	VICE CHAIR	0.25	Officer Director	$0	$0	$0
DEE HUSSEY	BOARD MEMBER	0.25	Director	$0	$0	$0
MACK JACKSON	BOARD MEMBER	0.25	Director	$0	$0	$0
NICOLE TENPENNY	PRESIDENT/EXECUTIVE DIRECT	40.00	Officer	$122,684	$17,874	$140,558

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	$2,151,994	$2,183,054	$4,316,697	$-31,060
2024	$2,441,212	$2,277,696	$4,947,373	$163,516
2023	$1,522,185	$1,339,634	$4,224,214	$182,551
2022	$841,954	$1,022,352	$3,882,668	$-180,398
2021	$1,074,250	$1,066,211	$4,544,616	$8,039
2020	$892,218	$983,247	$3,863,667	$-91,029
2019	$980,808	$1,038,217	$4,204,747	$-57,409