Community Housing Development Corporation
Community Housing Development Corporation shows recent significant growth and zero executive compensation amidst volatile historical revenues.
EIN: 202934188 · Salina, KS · NTEE: L80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $974K |
| Total Expenses | $935K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $204K |
| Transparency Score | 85/100 |
Is Community Housing Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Housing Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Housing Development Corporation
Community Housing Development Corporation (EIN: 202934188) is a nonprofit organization based in Salina, KS, classified under NTEE code L80. The organization reported total revenue of $974K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Housing Development Corporation is a small nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 51.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $954K |
| Total Expenses | $935K |
| Surplus / Deficit | +$19K |
| Total Assets | $3.1M |
| Total Liabilities | $2.9M |
| Net Assets | $204K |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 93.4% |
| Months of Reserves | 39.7 months |
Financial Health Grade: A
In 2023, Community Housing Development Corporation reported a surplus of $19K with revenue exceeding expenses, holds 39.7 months of operating reserves (strong position), has a debt-to-asset ratio of 93.4% (high leverage).
Financial Trends
Over 8 years of filings (2011–2023), Community Housing Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 51.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +610.6% | +308.9% | -2.1% |
| 2022 | +49.0% | +1195.2% | +1060.1% |
| 2021 | +1866.7% | +92.3% | +36.4% |
| 2020 | +458000.0% | +1246.0% | +41499.2% |
| 2014 | -50.0% | -21.0% | -58.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Housing Development Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Community Housing Development Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries were paid to officers, directors, or trustees. This is a strong positive for the organization's commitment to directing funds towards its mission, especially given its recent operational scale with revenues nearing $1 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Community Housing Development Corporation's IRS 990 filings:
- Significant historical revenue volatility
- High liabilities relative to assets (e.g., $2,888,347 liabilities vs. $3,092,523 assets in 2023)
Strengths
The following positive indicators were identified for Community Housing Development Corporation:
- Consistent 0% officer compensation across all filings
- Significant recent revenue and asset growth (e.g., $954,166 revenue and $3,092,523 assets in 2023)
- Expenses closely align with revenue in recent periods, indicating active program delivery (e.g., $954,166 revenue vs. $934,952 expenses in 2023)
Frequently Asked Questions about Community Housing Development Corporation
Is Community Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Housing Development Corporation (EIN: 202934188) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Community Housing Development Corporation spend its money?
Community Housing Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Housing Development Corporation tax-deductible?
Community Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 202934188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Community Housing Development Corporation CEO make?
Community Housing Development Corporation's highest-compensated officer earns $1 annually. The organization reported $974K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Community Housing Development Corporation's spending goes to programs?
Community Housing Development Corporation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community Housing Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Community Housing Development Corporation is above average for NTEE category L80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Housing Development Corporation located?
Community Housing Development Corporation is headquartered in Salina, Kansas and files with the IRS under EIN 202934188. It is classified under NTEE code L80.
How many years of IRS 990 filings does Community Housing Development Corporation have?
Community Housing Development Corporation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $974K in total revenue.
What caused the significant revenue fluctuations in Community Housing Development Corporation's history?
The organization experienced extreme revenue volatility, from $1 in 2014 to $954,166 in 2023. This could be due to the nature of housing development projects, which often involve large, infrequent grants or property sales, or a significant change in operational strategy or funding sources over time.
What is the nature of the high liabilities reported by the organization?
In 2023, liabilities were $2,888,347 against assets of $3,092,523. Given the organization's housing development mission, these liabilities likely represent mortgages or other financing for properties, rather than operational debt, but further detail from the full 990 would be needed to confirm.
How does Community Housing Development Corporation fund its operations without executive compensation?
The consistent 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means not classified as officer compensation, or that the organization operates with a very lean administrative structure where staff are not classified as officers.
Filing History
IRS 990 filing history for Community Housing Development Corporation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Community Housing Development Corporation's revenue has grown by 14431.9%, moving from $7K to $954K. Total assets increased by 33095.8% over the same period, from $9K to $3.1M. Total functional expenses rose by 9068%, from $10K to $935K. In its most recent filing year (2023), Community Housing Development Corporation reported a surplus of $19K, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $3.1M in assets (debt-to-asset ratio: 93.4%), resulting in net assets of $204K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $954K | $935K | $3.1M | $2.9M | — | View 990 |
| 2022 | $134K | $229K | $3.2M | $3.0M | — | — |
| 2021 | $90K | $18K | $272K | $1K | — | View 990 |
| 2020 | $5K | $9K | $200K | $867 | — | View 990 |
| 2014 | $1 | $682 | $480 | $0 | — | View 990 |
| 2013 | $2 | $863 | $1K | $0 | — | View 990 |
| 2012 | $5 | $7K | $2K | $187 | — | View 990 |
| 2011 | $7K | $10K | $9K | $380 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $954K, expenses of $935K, and assets of $3.1M (revenue +610.6% year-over-year).
- 2022: Revenue of $134K, expenses of $229K, and assets of $3.2M (revenue +49.0% year-over-year).
- 2021: Revenue of $90K, expenses of $18K, and assets of $272K (revenue +1866.7% year-over-year).
- 2020: Revenue of $5K, expenses of $9K, and assets of $200K (revenue +458000.0% year-over-year).
- 2014: Revenue of $1, expenses of $682, and assets of $480 (revenue -50.0% year-over-year).
- 2013: Revenue of $2, expenses of $863, and assets of $1K (revenue -60.0% year-over-year).
- 2012: Revenue of $5, expenses of $7K, and assets of $2K (revenue -99.9% year-over-year).
- 2011: Revenue of $7K, expenses of $10K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Housing Development Corporation:
Data Sources and Methodology
This transparency report for Community Housing Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.