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Champ Homes INC EIN 04-3006010 Form 990 (PDF) Claim this org

Champ Homes INC

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Offers affordable, supportive homes for Cape Cod and Islands residents to reach their full potential. For fiscal year 2024 it reported $700K in revenue, $762K in expenses, and $1.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Hyannis, MA
Website
www.champhomes.org
Filings
5 on file (2020–2024)
Revenue
$700KFY2024
Expenses
$762K
Net assets
$1.8M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-3006010 Public charity (501(c)(3)) Hyannis, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers affordable, supportive homes for Cape Cod and Islands residents to reach their full potential.
Leadership
James Dannhauser · President
Money in and out
$700K revenue, $762K expenses
Bottom line
59% program efficiency
Where the money goes · FY2024
Total revenue
$700K
Pt VIII · Ln 12
Total expenses
$762K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$62K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.32 Fundraising $0.10
Program efficiency
59%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate▼ -8% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▲ +15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$700K
FY2024▲ +4%
Expenses
$762K
FY2024▲ +3%
Total assets
$1.8M
FY2024▼ -2%
Total liabilities
$50K
FY2024▲ +75%
Total revenue
$700K
Pt VIII · Ln 12
Total expenses
$762K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$62K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $447K of program spending, described in the organization's own filed words · FY2024.
01

"champ homes, inc. (chi) continues to be a leader in the cape cod community by housing those who fall through the gaps in other housing programs. Our residents come from a variety of backgrounds with a common characteristic of their life being, they were either homeless or near homelessness when they arrived at chi.

$447Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChamp Homes INC
EINHdr · item D04-3006010
Principal addressHdr · item CHyannis, MA
WebsiteHdr · item Jwww.champhomes.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L80Z)
Ruling yearIRS BMFMar 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Sarah Colvin
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Carey Dobson
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$339K · 48%
Program service revenue$271K · 39%
Other revenue$74K · 11%
Investment income$16K · 2%
Contributions & grants48%$339K
Program service revenue39%$271K
Other revenue11%$74K
Investment income2%$16K
— government grantsLn 1e$189K
Total revenueLn 12$700K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.32 Fundraising $0.10
Program services59%$447K
Management & general32%$241K
Fundraising10%$74K
Total functional expensesLn 25$762K

Balance Sheet

Part X · end of year
CashLn 1$553K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$50K
Total net assetsLn 32$1.8M
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $572K · Operating expenses (Pt IX) $762K · Less non-cash grants $3K · Cash operating expenses/yr $759K
9.0 months
Where the money goes
Program services
Program services $447K · Total expenses $762K
59%
Management & General
Management & general $241K · Total expenses $762K
32%
Fundraising
Fundraising $74K · Total expenses $762K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $79K · Solicited contributions (3-yr avg) $184K
$0.43 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $339K · Total revenue $700K
48%
Government reliance
Government grants $189K · Total revenue $700K
27%
Earned-income share
Program service revenue $271K · Total revenue $700K
39%
Investment reliance
Investment income $16K · Total revenue $700K
+2%
Program self-sufficiency
Program service revenue $271K · Total expenses $762K
36%
Growth & trend
Revenue growth (YoY)
This year $700K · Prior year $672K
+4%
Revenue CAGR
FY2020 $621K · FY2024 $700K
+3%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $700K · Expenses $762K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $19K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
1%
People & payroll
Highest Reported Total Compensation
Individual James Dannhauser · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $762K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $259K · Total expenses $762K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%——
Overhead ratio 32%——
Fundraising cost ratio 22%——
Revenue growth 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Cape Cod Foundation INCFY2025$31K
Holbrook R & Sarah M Davis FoundationFY2025$1K
Total grants receivedfrom 2 funders$32K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$700K revenue · viewing · ⤓ 990 PDF
FY2023$672K revenue · ⤓ 990 PDF
FY2022$658K revenue · ⤓ 990 PDF
FY2021$741K revenue · ⤓ 990 PDF
FY2020$621K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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