SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CH DEVELOPMENT ASSOCIATION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $836K in total revenue in fiscal year 2023. Revenue surged 340% from the prior year, signaling strong growth momentum. Expenses of $3.1M exceeded revenue, resulting in a 268% operating deficit.
CH DEVELOPMENT ASSOCIATION'S PURPOSE IS TO SUPPORT COMMUNITY ROOTS HOUSING IN ITS MISSION TO MEET THE NEED FOR AFFORDABLE HOUSING WHILE PRESERVING NEIGHBORHOOD CHARACTER IN SEATTLE.
CH DEVELOPMENT ASSOCIATION (CHDA) HELPS PRESERVE AFFORDABLE HOUSING BY ASSUMING OWNERSHIP INTERESTS IN LIMITED PARTNERSHIPS OWNING LOW INCOME, MULTI-FAMILY HOUSING UPON THE EXIT OF THE FOR-PROFIT...
CH DEVELOPMENT ASSOCIATION (CHDA) HELPS PRESERVE AFFORDABLE HOUSING BY ASSUMING OWNERSHIP INTERESTS IN LIMITED PARTNERSHIPS OWNING LOW INCOME, MULTI-FAMILY HOUSING UPON THE EXIT OF THE FOR-PROFIT INVESTORS. TO DATE, CH DEVELOPMENT ASSOCIATION HAS REPLACED THE INVESTOR LIMITED PARTNER IN 13 PARTNERSHIPS PRESERVING 372 UNITS. CHDA ALSO HAS AN OWNERSHIP INTEREST IN 13 OTHER LEGAL ENTITIES ESTABLISHED FOR THE DEVELOPMENT OR REHABILITATION OF AFFORDABLE HOUSING IN THE GREATER SEATTLE AREA.CONTINUED ON SCHEDULE O.CHDA DIRECTLY OWNS 3 LIMITED LIABILITY COMPANIES TO OPERATE LOW-INCOME RENTAL HOUSING PROPERTIES WHICH WERE REHABILITATED IN 2021 AND 2022. THIS INCLUDES 49 UNITS AT BREMER APARTMENTS, 30 UNITS AT BOYLSTON HOWELL APARTMENTS, AND 27 UNITS AT JOHN CARNEY APARTMENTS. THIS OWNERSHIP SUPPORTS COMMUNITY ROOTS HOUSING. CHDA DIRECTLY OWNS 1 LLC TO OPERATE A COMMERCIAL CONDOMINIUM ON THE GROUND FLOOR OF ONE AFFORDABLE APARTMENT COMPLEX WHERE IT HAS AN OWNERSHIP INTEREST. THE SPACE WAS IN CONSTRUCTION DURING 2023.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $835,604 | $189,750 | +3.4% |
| Expenses | $3,074,749 | $1,685,676 | +0.8% |
| Net Income | $-2,239,145 | $-1,495,926 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHRISTOPHER PERSONS | CEO, DIRECTOR | 0.10 |
Officer
Director
|
$0 | $18,473 | $258,340 |
| FRANK F ALVARADO III | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIC SNOW | VICE PRESIDENT, TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BOB FIKSO | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE MORLAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LESLIE WOODWORTH | CFO | 0.10 |
Officer
|
$0 | $16,250 | $145,513 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $835,604 | $3,074,749 | $25,595,872 | $-2,239,145 |
| 2022 | $189,750 | $1,685,676 | $27,246,831 | $-1,495,926 |
| 2021 | $1,733,504 | $908,770 | $-1,242,130 | $824,734 |
| 2020 | $478,929 | $419,174 | $-2,820,469 | $59,755 |
| 2019 | $10,594,502 | $10,185,437 | $11,885,969 | $409,065 |
| 2018 | $429,493 | $311,612 | $11,292,630 | $117,881 |
Compare CH DEVELOPMENT ASSOCIATION with other nonprofits in Washington and across the country.