Chsa Development INC FY2021 filing

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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, FY2021. 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

FY2021 · 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
23.1 mo
of spending, in cash
23.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$731K
48% of total assets
Liabilities are 48% 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
Revenue
$55K
+251% vs prior year
Spent
$86K
To programs
100%
Net assets
$797K
By yearFY2020–FY2024
Revenue
$55K
FY2021▲ +251%
Tap a bar for its year
Revenue by fiscal year
FY2020−$36K
FY2021$55K
FY2022$358K
FY2023$2.3M
FY2024$1.0M
Expenses
$86K
FY2021▲ +364%
Tap a bar for its year
Expenses by fiscal year
FY2020$18K
FY2021$86K
FY2022$77K
FY2023$124K
FY2024$595K
Net assets
$797K
FY2021▼ -4%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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% · $86K

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

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Who runs it and what they're paid

5 people listed on the 990.

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
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 · $86K · in their own filed words · FY2021
01

The organization purchased two (2) properties and sold eight (8) during the year.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-2000526) · Dispute this line
$86Kprogram 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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$55K
Ln 12
Other incomeLn 4–11$34K
Gifts and grantsLn 1h$21K
Investment incomeLn 3$137
Money outPt IX
$86K
Ln 25
Programscol B$86K
Owns and owesPt X
$797K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$1.5M
LiabilitiesLn 26$731K
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$21K
Investment incomeLn 3$137
Other incomeLn 4–11$34K
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1−$1
SavingsLn 2$165K
Cash and savings togetherLn 1–2$165K
Accounts receivableLn 4$14K
Inventories for sale or useLn 8$1.3M
Total assetsLn 16$1.5M
LiabilitiesLn 26$731K
Net assetsLn 32$797K
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 FY21End FY21
Cash and savingsLn 1–2$203K$165K
Total assetsLn 16$2.0M$1.5M
LiabilitiesLn 26$1.1M$731K
Net assetsLn 32$827K$797K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$86K$86K
Total functional expensesLn 25$86K$86K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $55,244 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$21,198
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,293$137
I-11 Other revenuePrior year −$37,765$33,909
I-12 Total revenuePrior year −$36,472$55,244
I-13 Grants and similar amounts paidPrior year $0$0
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 $18,442$85,576
I-18 Total expensesPrior year $18,442$85,576
I-19 Revenue less expensesPrior year −$54,914−$30,332
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 $55,244 across 4 lines filed
Lines not itemized here account for $33,909 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$21,198
VIII-1h Total contributions, gifts and grants$21,198
VIII-3 Investment incomeRelated to mission $137$137
VIII-12 Total revenueRelated to mission $34,046 · Unrelated business $0 · Excluded from tax $0$55,244
Part IX · Statement of functional expenses $85,576 across 1 line filed
IX-24 Other expenses (24a–d)Programs $85,576$85,576
IX-25 Total functional expensesPrograms $85,576 · Management $0 · Fundraising $0$85,576
Part X · Balance sheet $1,527,555 assets, 13 lines filed
X-1 Cash, non-interest-bearing−$1
X-2 Savings and temporary cash investmentsStart of year $203,058$165,024
X-4 Accounts receivable$14,000
X-8 Inventories for sale or useStart of year $1,760,879$1,348,532
X-16 Total assetsStart of year $1,963,937$1,527,555
X-17 Accounts payable and accrued expenses$1,300
X-23 Secured mortgages and notes payableStart of year $1,136,710$729,360
X-26 Total liabilitiesStart of year $1,136,710$730,660
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 $827,227$796,895
X-32 Total net assets or fund balancesStart of year $827,227$796,895
X-33 Total liabilities and net assetsStart of year $1,963,937$1,527,555
Part XI · Reconciliation of net assets $796,895 net assets at year end
XI-1 Total revenue$55,244
XI-2 Total expenses$85,576
XI-3 Revenue less expenses−$30,332
XI-4 Net assets at start of year$827,227
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$796,895

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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