Chsa Development INC EIN 58-2000526 Form 990 (PDF) Claim this org

Chsa Development INC FY2020 filing

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Develops and constructs affordable housing, preventing blight and promoting economic growth. For fiscal year 2020 it reported $-36K in revenue, $18K in expenses, and $827K in net assets.Pt I

Type
Supporting organization · Nonprofit
Location
Savannah, GA
Filings
5 on file (2020–2020)
Revenue
$-36KFY2020
Expenses
$18K
Net assets
$827K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-2000526 Supporting organization Savannah, GA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Develops and constructs affordable housing, preventing blight and promoting economic growth.
Leadership
Israel Small · President
Money in and out
$-36K revenue, $18K expenses
Bottom line
100% program spending
Money in and out · FY2020
Total revenue
$-36K
Pt VIII · Ln 12
Total expenses
$18K
Pt IX · Ln 25
Net assets
$827K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$55K
Where spending went · Part IX cols B–D
Program services $1.00
Program spending
100%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$-36K
FY2020
Expenses
$18K
FY2020
Total assets
$2.0M
FY2020
Total liabilities
$1.1M
FY2020
Total revenue
$-36K
Pt VIII · Ln 12
Total expenses
$18K
Pt IX · Ln 25
Net assets
$827K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$55K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChsa Development INC
EINHdr · item D58-2000526
Principal addressHdr · item CSavannah, GA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $18K of program spending, described in the organization's own filed words · FY2020.
01

The organization purchased five (5) properties and sold six (6) during the year.

$18Kprogram expense

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$18K
Total functional expensesLn 25$18K

Balance Sheet

Part X · end of year
CashLn 1$203K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$827K
Months of cash on handcomputed132.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $203K · Operating expenses/yr $18K
132.1 months
Where the money goes
Program services
Program services $18K · Total expenses $18K
100%
Management & General
Management & general $0 · Total expenses $18K
0%
Fundraising
Fundraising $0 · Total expenses $18K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $-36K
Government reliance
Government grants — · Total revenue $-36K
Earned-income share
Program service revenue $0 · Total revenue $-36K
Investment reliance
Investment income $1K · Total revenue $-36K
Program self-sufficiency
Program service revenue $0 · Total expenses $18K
0%
Growth & trend
Revenue growth (YoY)
This year $-36K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $827K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-36K · Expenses $18K
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $827K · Total assets $2.0M
42%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Israel Small · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $18K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $18K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%

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 · this organization's grantmaking
Grants paid · 1 grant · $140K · 2024–2024

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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)$1.0M revenue · ⤓ 990 PDF
FY2023$2.3M revenue · ⤓ 990 PDF
FY2022$358K revenue · ⤓ 990 PDF
FY2021$55K revenue · ⤓ 990 PDF
FY2020$-36K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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