Ch Development Association EIN 91-2032882 Form 990 (PDF) Claim this org

Ch Development Association FY2021 filing

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Supports Community Roots Housing by acquiring and managing ownership interests in low-income rental properties to preserve affordable housing in the Seattle area. For fiscal year 2021 it reported $1.7M in revenue, $909K in expenses, and $-1.3M in net assets.Pt I

Type
Supporting organization · Housing
Location
Seattle, WA
Filings
5 on file (2020–2021)
Revenue
$1.7MFY2021
Expenses
$909K
Net assets
$-1.3M
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-2032882 Supporting organization Seattle, WA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Supports Community Roots Housing by acquiring and managing ownership interests in low-income rental properties to preserve affordable housing in the Seattle area.
Leadership
Money in and out
$1.7M revenue, $909K expenses
Bottom line
+48% net inflow
Money in and out · FY2021
Total revenue
$1.7M
Pt VIII · Ln 12
Total expenses
$909K
Pt IX · Ln 25
Net assets
$-1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $825K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Net inflow
+48%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
100%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$1.7M
FY2021▲ +262%
Expenses
$909K
FY2021▲ +117%
Total assets
$-1.2M
FY2021▲ +56%
Total liabilities
$14K
FY2021▲ +36%
Revenue less expensesPt I · Ln 19$825K
Total assetsPt X · Ln 16$-1.2M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCh Development Association
EINHdr · item D91-2032882
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFJan 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President/Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Ch Development Association executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $905K of program spending, described in the organization's own filed words · FY2021.
01

CH development association (chda) helps preserve affordable housing by assuming ownership interests in limited partnerships owning low-income, multi-family housing upon the exit of the for-profit investors. To date, CH development association has replaced the investor limited partner in 11 partnerships preserving 372 units.

$905Kprogram expense

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Statement of Revenue

Part VIII
Investment income126%$2.2M
Total revenueLn 12$1.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$905K
Management & general$4K
Total functional expensesLn 25$909K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$-1.2M
Total liabilitiesLn 26$14K
Total net assetsLn 32$-1.3M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3K · Operating expenses/yr $909K
0.0 months
Where the money goes
Program services
Program services $905K · Total expenses $909K
100%
Management & General
Management & general $4K · Total expenses $909K
0.4%
Fundraising
Fundraising $0 · Total expenses $909K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $250K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.7M
0%
Government reliance
Government grants — · Total revenue $1.7M
Earned-income share
Program service revenue $-449K · Total revenue $1.7M
-26%
Investment reliance
Investment income $2.2M · Total revenue $1.7M
+126%
Program self-sufficiency
Program service revenue $-449K · Total expenses $909K
-49%
Growth & trend
Revenue growth (YoY)
This year $1.7M · Prior year $479K
+262%
Net-asset trend (YoY)
End of year $-1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.7M · Expenses $909K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $-1.2M
Net-asset ratio
Net assets $-1.3M · Total assets $-1.2M
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $-1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christopher Persons · Reported title CEO · Highest reported compensation $0 · Total expenses $909K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $909K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.4%
Revenue growth 262%
Accounting fee ratio 0.4%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$38K
Grants paid · 4 grants · $2.4M · 2020–2024
Community Roots HousingFY2024$665,249
Community Roots HousingFY2023$559,952
Community Roots HousingFY2021$905,000
Community Roots HousingFY2020$220,000

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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)$-1.6M revenue · ⤓ 990 PDF
FY2023$836K revenue · ⤓ 990 PDF
FY2022$190K revenue · ⤓ 990 PDF
FY2021$1.7M revenue · viewing · ⤓ 990 PDF
FY2020$479K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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