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Chsa Development INC

Tax-deductible

Savannah, GA501(c)(3) EIN 58-2000526Revenue $1.0M in FY2024Latest return filed Sep 5, 2025

On file with the IRSSavannah, GATax-exempt since Dec 1992Supporting organization — 509(a)(3)

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The purpose of the subsidiary is to consult, buy, construct and/or develop structures of all kinds in futherance of affordable housing to include office buildings and buildings, the prevention of blight and the promotion and creation of economic Development and reinvestment.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-2000526) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $566K a year · 76% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
21.1 mo
of spending, in cash
21.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
32% of total assets
Liabilities are 32% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$1.0M
-54% vs prior year
Spent
$595K
To programs
100%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▼ -54%
Tap a bar for its year
Revenue by fiscal year
FY2020−$36K
FY2021$55K
FY2022$358K
FY2023$2.3M
FY2024$1.0M
Expenses
$595K
FY2024▲ +379%
Tap a bar for its year
Expenses by fiscal year
FY2020$18K
FY2021$86K
FY2022$77K
FY2023$124K
FY2024$595K
Net assets
$3.7M
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$827K
FY2021$797K
FY2022$1.1M
FY2023$3.3M
FY2024$3.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $595K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Marsha Buford
President
$0Pt VII · Sec A
Richard Evans
Treasurer
$0Pt VII · Sec A
Naomi Brown
Secretary
$0Pt VII · Sec A
Bernie Beier
Director
$0Pt VII · Sec A
Sheri Butler
Director
$0Pt VII · Sec A
See Chsa Development INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and constructs affordable housing, preventing blight and promoting economic growth.

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1 program · $595K · in their own filed words · FY2024
01

The organization purchased two (2) properties and sold six (6) during the year.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-2000526) · Dispute this line
$595Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $140K · 2024–2024
Community Housing Services Agency INCGA · FY2024$140,415

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Other incomeLn 4–11$523K
Gifts and grantsLn 1h$467K
Investment incomeLn 3$59K
Money outPt IX
$595K
Ln 25
Programscol B$595K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$5.5M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$467K
Government grantsLn 1e$445K
Investment incomeLn 3$59K
Other incomeLn 4–11$523K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.0M
Accounts receivableLn 4$4K
Inventories for sale or useLn 8$1.5M
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$23K
Total assetsLn 16$5.5M
LiabilitiesLn 26$1.8M
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$713K$1.0M
Land, buildings, equipmentLn 10c$0$2.9M
Total assetsLn 16$4.4M$5.5M
LiabilitiesLn 26$1.1M$1.8M
Net assetsLn 32$3.3M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$140K$140K
InterestLn 20$969$969
Depreciation, depletion and amortizationLn 22$444K$444K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$595K$595K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 5, 2025 $1.0M$595K$454K$3.7M 990 PDF
FY2023Filed with the IRS Jul 15, 2024 $2.3M$124K$2.2M$3.3M 990 PDF
FY2022Filed with the IRS Nov 7, 2023 $358K$77K$281K$1.1M 990 PDF
FY2021Filed with the IRS Jul 12, 2022 $55K$86K−$30K$797K 990 PDF
FY2020Filed with the IRS Jul 8, 2021 −$36K$18K−$55K$827K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $1,048,929 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,888,079$467,048
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $20,454$58,989
I-11 Other revenuePrior year $395,533$522,892
I-12 Total revenuePrior year $2,304,066$1,048,929
I-13 Grants and similar amounts paidPrior year $0$140,415
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $124,045$454,121
I-18 Total expensesPrior year $124,045$594,536
I-19 Revenue less expensesPrior year $2,180,021$454,393
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,048,929 across 7 lines filed
Lines not itemized here account for $310,018 of total revenue; see the IRS return.
VIII-1e Government grants$444,953
VIII-1f All other contributions, gifts and grants$22,095
VIII-1h Total contributions, gifts and grants$467,048
VIII-3 Investment incomeExcluded from tax $58,989$58,989
VIII-6 Net rental income or lossRelated to mission $126,165$126,165
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $86,709$86,709
VIII-12 Total revenueRelated to mission $436,183 · Unrelated business $0 · Excluded from tax $145,698$1,048,929
Part IX · Statement of functional expenses $594,536 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $140,415$140,415
IX-20 InterestPrograms $969$969
IX-22 Depreciation, depletion and amortizationPrograms $443,760$443,760
IX-24 Other expenses (24a–d)Programs $9,392$9,392
IX-25 Total functional expensesPrograms $594,536 · Management $0 · Fundraising $0$594,536
Part X · Balance sheet $5,492,439 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $713,351$1,046,013
X-4 Accounts receivable$3,855
X-8 Inventories for sale or useStart of year $3,629,460$1,499,373
X-10c Land, buildings and equipment, netStart of year $0$2,919,939
X-15 Other assetsStart of year $27,029$23,259
X-16 Total assetsStart of year $4,369,840$5,492,439
X-17 Accounts payable and accrued expensesStart of year $3,400$501
X-23 Secured mortgages and notes payableStart of year $1,082,348$1,758,078
X-25 Other liabilitiesStart of year $26,323$21,698
X-26 Total liabilitiesStart of year $1,112,071$1,780,277
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $3,257,769$3,712,162
X-32 Total net assets or fund balancesStart of year $3,257,769$3,712,162
X-33 Total liabilities and net assetsStart of year $4,369,840$5,492,439
Part XI · Reconciliation of net assets $3,712,162 net assets at year end
XI-1 Total revenue$1,048,929
XI-2 Total expenses$594,536
XI-3 Revenue less expenses$454,393
XI-4 Net assets at start of year$3,257,769
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,712,162

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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