Chn Housing Capital is a certified community development financial institution serving low-income individuals and distressed communities guided by the belief that homeownership should be within everyone's reach.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 8 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $276K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
26 mo
of spending, in cash
Looks good: 26.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.1M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.3M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+23% vs prior year
Spent
$3.2M
To programs
100%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$3.0M
FY2024▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.6M
FY2022$3.2M
FY2023$2.4M
FY2024$3.0M
Expenses
$3.2M
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$491K
FY2021$1.8M
FY2022$3.2M
FY2023$2.7M
FY2024$3.2M
Net assets
$1.4M
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.9M
FY2022$1.9M
FY2023$1.6M
FY2024$1.4M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2019.

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% · $3.2M

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

11 people listed on the 990; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive VP of Lending Op
$150,324Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Greg Perelka’s $150K as Executive VP of Lending Op is at the 73rd percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Greg Perelka$150,324$143,631$141,824$138,773

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Provides financial services to help low-income people and communities achieve homeownership.

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Provided by the organization

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2 programs · $3.2M · in their own filed words · FY2024
01

In total, CHN HC closed 59 mortgages in 2024 (believe mortgages and y16 loan product). CHN HC'S believe mortgage had 96% of borrowers identify as african american and 100% of appraisals were at or above purchase price.

$2.7Mprogram expense
02

In 2022, CHN housing capital continued lending operations for the lead safe home fund providing loans to help landlords obtain lead safe certification required by the city of cleveland. The lead safe home fund was created by the lead safe cleveland coalition, a group of over 400 organizations working to eliminate lead poisoning in…

$547Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 2 funders$1.1M

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$600K
Other incomeLn 4–11$220K
Money outPt IX
$3.2M
Ln 25
Programscol B$3.2M
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$7.1M
Total assetsLn 16$10.7M
LiabilitiesLn 26$9.3M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Government grantsLn 1e$1.3M
Fees for servicesLn 2g$600K
Other incomeLn 4–11$220K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$7.1M
Cash and savings togetherLn 1–2$7.1M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$10.7M
LiabilitiesLn 26$9.3M
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 55
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$7.3M$7.1M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$11.1M$10.7M
LiabilitiesLn 26$9.4M$9.3M
Net assetsLn 32$1.6M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$863K$863K
Payroll taxesLn 10$192K$192K
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$141K$141K
Office expensesLn 13$14K$14K
Information technologyLn 14$27K$27K
OccupancyLn 16$26K$26K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$37K$37K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$1.9M$1.9M
Total functional expensesLn 25$3.2M$3.2M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.0M$3.2M−$263K$1.4M 990 PDF
FY2023 $2.4M$2.7M−$297K$1.6M 990 PDF
FY2022 $3.2M$3.2M$46K$1.9M 990 PDF
FY2021 $2.6M$1.8M$771K$1.9M 990 PDF
FY2020 $1.6M$491K$1.1M$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,985,945 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,158,331$2,166,017
I-9 Program service revenuePrior year $248,786$600,281
I-10 Investment incomePrior year −$1,434$0
I-11 Other revenuePrior year $26,123$219,647
I-12 Total revenuePrior year $2,431,806$2,985,945
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 $926,343$1,054,953
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,802,384$2,193,553
I-18 Total expensesPrior year $2,728,727$3,248,506
I-19 Revenue less expensesPrior year −$296,921−$262,561
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,985,945 across 7 lines filed
VIII-1d Related organizations$500,000
VIII-1e Government grants$1,251,018
VIII-1f All other contributions, gifts and grants$414,999
VIII-1h Total contributions, gifts and grants$2,166,017
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $600,281$600,281
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $219,647$219,647
VIII-12 Total revenueRelated to mission $819,928 · Unrelated business $0 · Excluded from tax $0$2,985,945
Part IX · Statement of functional expenses $3,248,506 across 13 lines filed
IX-7 Other salaries and wagesPrograms $862,612$862,612
IX-10 Payroll taxesPrograms $192,341$192,341
IX-11b Legal feesPrograms $19,551$19,551
IX-11c Accounting feesPrograms $1,874$1,874
IX-11g Other fees for servicesPrograms $141,072$141,072
IX-13 Office expensesPrograms $14,344$14,344
IX-14 Information technologyPrograms $27,331$27,331
IX-16 OccupancyPrograms $25,541$25,541
IX-17 TravelPrograms $6,358$6,358
IX-19 Conferences, conventions and meetingsPrograms $2,205$2,205
IX-20 InterestPrograms $36,721$36,721
IX-23 InsurancePrograms $32,583$32,583
IX-24 Other expenses (24a–d)Programs $1,885,973$1,885,973
IX-25 Total functional expensesPrograms $3,248,506 · Management $0 · Fundraising $0$3,248,506
Part X · Balance sheet $10,667,311 assets, 13 lines filed
Asset lines not itemized here account for $2,386,916; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $7,344,689$7,080,566
X-3 Pledges and grants receivableStart of year $523,409$342,664
X-4 Accounts receivableStart of year $739,660$844,365
X-9 Prepaid expenses and deferred chargesStart of year $15,504$12,800
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $11,088,834$10,667,311
X-17 Accounts payable and accrued expensesStart of year $168,782$283,691
X-19 Deferred revenueStart of year $919,652$172,477
X-25 Other liabilitiesStart of year $677,336$624,139
X-26 Total liabilitiesStart of year $9,446,486$9,287,524
X-27 Net assets without donor restrictionsStart of year $1,642,348$1,379,787
X-32 Total net assets or fund balancesStart of year $1,642,348$1,379,787
X-33 Total liabilities and net assetsStart of year $11,088,834$10,667,311
Part XI · Reconciliation of net assets $1,379,787 net assets at year end
XI-1 Total revenue$2,985,945
XI-2 Total expenses$3,248,506
XI-3 Revenue less expenses−$262,561
XI-4 Net assets at start of year$1,642,348
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,379,787

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

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