CHN HOUSING CAPITAL

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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

2018

Legal Domicile

Principal Officer

KEVIN J NOWAK

Phone

2165747100

Tax Period

2023-01-01 to 2023-12-31

CHN HOUSING CAPITAL, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

CHN HOUSING CAPITAL IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SERVING LOW-INCOME INDIVIDUALS AND DISTRESSED COMMUNITIES GUIDED BY THE BELIEF THAT HOMEOWNERSHIP SHOULD BE WITHIN EVERYONE'S REACH.

Program Service Accomplishments

Program 1

Expenses: $1,958,797 Revenue: $273,475

IN TOTAL, CHN HC CLOSED 43 MORTGAGES IN 2023 (BELIEVE MORTGAGES AND Y16 LOAN PRODUCT). CHN HC'S BELIEVE MORTGAGE HAD 96% OF BORROWERS IDENTIFY AS AFRICAN AMERICAN AND 100% OF APPRAISALS WERE AT OR...

IN TOTAL, CHN HC CLOSED 43 MORTGAGES IN 2023 (BELIEVE MORTGAGES AND Y16 LOAN PRODUCT). CHN HC'S BELIEVE MORTGAGE HAD 96% OF BORROWERS IDENTIFY AS AFRICAN AMERICAN AND 100% OF APPRAISALS WERE AT OR ABOVE PURCHASE PRICE.

Program 2

Expenses: $769,930

IN 2022, CHN HOUSING CAPITAL CONTINUED LENDING OPERATIONS FOR THE LEAD SAFE HOME FUND PROVIDING LOANS TO HELP LANDLORDS OBTAIN LEAD SAFE CERTIFICATION REQUIRED BY THE CITY OF CLEVELAND. THE LEAD SAFE HOME FUND WAS CREATED BY THE LEAD SAFE CLEVELAND COALITION, A GROUP OF OVER 400 ORGANIZATIONS WORKING TO ELIMINATE LEAD POISONING IN CLEVELAND'S AGING HOUSE STOCK.

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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 $2,158,331

Program Service Revenue $248,786

Investment Income $-1,434

Other Revenue $26,123

TOTAL REVENUE $2,431,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $926,343

Fundraising Expenses $0

Program Expenses $2,728,727

Other Expenses $1,802,384

TOTAL EXPENSES $2,728,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,431,806	$3,226,657	-0.2%
Expenses	$2,728,727	$3,180,847	-0.1%
Net Income	$-296,921	$45,810	-7.5%

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
CHRIS WARREN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROLYN GALLOWAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SAHNARA HENDRIX	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM POZNIK	TREASURER	1.00	Officer Director	$0	$0	$0
CAROLINE PEAK	DIRECTOR	1.00	Director	$0	$0	$0
KATHY HEXTER	DIRECTOR	1.00	Director	$0	$0	$0
KRUME STOJANOVSKI	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
PETER MEISEL	DIRECTOR	1.00	Director	$0	$0	$0
TERRELL SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
GREG PERELKA	EXECUTIVE VP OF LENDING OP	40.00	Highest	$143,631	$31,973	$175,604

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	$2,431,806	$2,728,727	$11,088,834	$-296,921
2022	$3,226,657	$3,180,847	$9,677,273	$45,810
2021	$2,597,719	$1,826,514	$8,811,020	$771,205
2020	$1,613,027	$490,773	$6,756,434	$1,122,254