Civic Intelligence

Community Homes Housing Development Fund Company

990 • Fiscal year 2021 • EIN 13-4145926

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileWWW.AAFE.ORG
2 Allen Street 7th FloorNew York, NY 10002

(212) 964-2288

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.61x

Higher debt load relative to assets than 47% of similar nonprofits.

2021 filings • NTEE L • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

5.44x

Higher debt load relative to revenue than 68% of similar nonprofits.

2021 filings • NTEE L • $10M-$25M nonprofits • Source year 2021

Net Margin

83rd percentile

49%

Higher net margin than 83% of similar nonprofits.

2021 filings • NTEE L • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

63rd percentile

$279,631

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

2021 filings • NTEE L • $10M-$25M nonprofits • Source year 2021

Asset Growth

2nd percentile

-22%

Faster asset growth than 2% of similar nonprofits.

2021 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

25%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$14,873,886

Down $4,293,502 (-22%) from 2020

Net Assets

Up

$5,818,423

Up $813,239 (+16%) from 2020

Liabilities

Down

$9,055,463

Down $5,106,741 (-36%) from 2020

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin83rd percentile

Revenue

Up

$1,665,527

Up $328,300 (+25%) from 2020

Expenses

Down

$852,288

Down $505,450 (-37%) from 2020

Net Income

Up

$813,239

Up $833,750 (+4065%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $14,919,342Liabilities 2010: $14,163,757Net Assets 2010: $755,5852010Assets 2011: $15,006,589Liabilities 2011: $14,617,740Net Assets 2011: $388,8492011Assets 2012: $14,261,795Liabilities 2012: $14,212,032Net Assets 2012: $49,7632012Assets 2013: $12,533,106Liabilities 2013: $12,504,897Net Assets 2013: $28,2092013Assets 2014: $14,914,291Liabilities 2014: $14,800,775Net Assets 2014: $113,5162014Assets 2015: $14,754,785Liabilities 2015: $11,842,121Net Assets 2015: $2,912,6642015Assets 2016: $13,214,094Liabilities 2016: $7,993,153Net Assets 2016: $5,220,9412016Assets 2017: $16,660,912Liabilities 2017: $11,337,773Net Assets 2017: $5,323,1392017Assets 2018: $18,963,675Liabilities 2018: $13,566,992Net Assets 2018: $5,396,6832018Assets 2019: $18,222,076Liabilities 2019: $13,196,381Net Assets 2019: $5,025,6952019Assets 2020: $19,167,388Liabilities 2020: $14,162,204Net Assets 2020: $5,005,1842020Assets 2021: $14,873,886Liabilities 2021: $9,055,463Net Assets 2021: $5,818,4232021Assets 2022: $13,038,441Liabilities 2022: $6,803,107Net Assets 2022: $6,235,3342022Assets 2023: $12,465,829Liabilities 2023: $5,824,414Net Assets 2023: $6,641,4152023Assets 2024: $11,069,045Liabilities 2024: $42,434Net Assets 2024: $11,026,6112024

Highlighted filing

2021

Assets$14,873,886
Liabilities$9,055,463
Net Assets$5,818,423
Open 2021 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,087,333Expenses 2010: $1,574,639Net Income 2010: -$487,3062010Expenses 2011: $1,647,2922011Revenue 2012: $1,004,118Expenses 2012: $1,343,204Net Income 2012: -$339,0862012Revenue 2013: $1,397,372Expenses 2013: $1,418,925Net Income 2013: -$21,5532013Revenue 2014: $1,416,580Expenses 2014: $1,331,273Net Income 2014: $85,3072014Revenue 2015: $5,369,683Expenses 2015: $2,570,535Net Income 2015: $2,799,1482015Revenue 2016: $3,543,671Expenses 2016: $1,235,394Net Income 2016: $2,308,2772016Revenue 2017: $605,574Expenses 2017: $505,254Net Income 2017: $100,3202017Revenue 2018: $556,411Expenses 2018: $483,255Net Income 2018: $73,1562018Revenue 2019: $537,474Expenses 2019: $908,462Net Income 2019: -$370,9882019Revenue 2020: $1,337,227Expenses 2020: $1,357,738Net Income 2020: -$20,5112020Revenue 2021: $1,665,527Expenses 2021: $852,288Net Income 2021: $813,2392021Revenue 2022: $1,113,756Expenses 2022: $696,845Net Income 2022: $416,9112022Revenue 2023: $3,185,165Expenses 2023: $2,734,625Net Income 2023: $450,5402023Revenue 2024: $4,705,901Expenses 2024: $323,259Net Income 2024: $4,382,6422024

Highlighted filing

2021

Revenue$1,665,527
Expenses$852,288
Net Income$813,239
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$5,974,611
Mission and Program Overview

Mission

Community homes housing development fund company, inc. ("chhdfc") was established to increase and improve new york city's affordable housing stock while promoting and advancing home ownership for minority, immigrant, low- and moderate- income, and underserved populations.

Community homes housing development fund company, inc. ("chhdfc") was established to increase and improve new york city's affordable housing stock while promoting and advancing home ownership for minority, immigrant, low- and moderate- income, and underserved populations. Chhdfc acquires and subsequently rehabilitates or builds new one- to four- family homes. With a strong belief in the wealth-generating effects on home ownership in communities, chhdfc then sells the home it develops to families in targeted populations. Chhdfc also helps to prepare these families to purchase their homes through a system of referrals to an affiliate counseling and training provider.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,013,990$6,930,140▼ $83,850
Inventories for Sale or Use$10,396,226$6,364,269▼ $4,031,957
Cash and Non-Interest-Bearing Accounts$1,109,461$708,083▼ $401,378
Prepaid Expenses and Deferred Charges$66,755$102,863▲ $36,108
Accounts Receivable$13,147$21,368▲ $8,221
Total Assets$19,167,388$14,873,886▼ $4,293,502
Other Assets Total$567,809$747,163▲ $179,354
Liabilities
Other Liabilities$6,154,335$6,350,126▲ $195,791
Mortgage Notes Payable Secured by Investment Property$7,951,722$2,634,163▼ $5,317,559
Accounts Payable and Accrued Expenses$56,147$71,174▲ $15,027
Total Liabilities$14,162,204$9,055,463▼ $5,106,741
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,005,184$5,818,423▲ $813,239
Total Net Assets Fund Balance$5,005,184$5,818,423▲ $813,239
Total Liabilities and Net Assets / Fund Balance$19,167,388$14,873,886▼ $4,293,502

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$16,130--
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleOtherTotal
Hsueh Lam YanAssistant Secretary$140,734$140,734

Board Members and Trustees

NameTitle
PO YuenVice President (outgoing)
Jennifer SunCo-executive Director
Thomas YuCo-executive Director
Tim JungChief Financial Officer (outgoing)
Jacqueline HueySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$429,803
Investment Income
$0
Other Revenue
$1,235,724
Change in Net Assets
$813,239

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,665,527
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,665,527
Total Revenue per Form 990
$1,665,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$852,288
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$247,709--$247,709
Fees for Services Other$213,811$23,459-$237,270
Occupancy$173,208--$173,208
Insurance$19,533--$19,533
Fees for Services Management$13,499--$13,499
Fees for Services Legal-$2,541-$2,541
Office Expenses$1,828--$1,828
Other Expenses$853$8,699-$853
Total Functional Expenses$809,130$43,158$0$852,288

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$852,288
Total Expenses per Audited Statements$852,288
Total Expenses per Form 990$852,288
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$6,288,858
Tenant Security Deposits$61,268
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Community homes housing development fund company, inc. Is a membership organization with a sole member asian americans for equality, inc. ("aafe"), a new york not-for-profit corporation.”

Form 990, Part VI, Section A, Line 7A

“Aafe is as a sole member can approve the board members of the organization.. Aafe may in its sole discretion at any time increase the number of members and establish such criteria for membership as it deems appropriate.”

Form 990, Part VI, Section A, Line 7B

“The sole member can remove any member of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by an independent accountant. At least 7 days prior to filing, the organization distributes a draft form 990 to the board for review. Five days are allowed for feedback, through the board treasurer, before form 990 is finalized and filed with the irs. A copy of the filed form 990 is provided to the board for their records.”

Form 990, Part VI, Section B, Line 12C

“Directors and officers are issued with a copy of the current conflict of interest policy on appointment and annually thereafter directors and officers complete annual declarations to either confirm no conflicts or identify possible and/or actual conflicts.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are available to the public by request to any board member. These documents are maintained at the oranization's registered office.”

Filing and Contact Details

Filer

Filer Name
Community Homes Housing Development
EIN
13-4145926
Phone
2129642288
Address
2 ALLEN STREET 7TH FLOOR, NEW YORK, NY 10002

Signing Officer

Name
Thomas Yu
Title
Executive Director
Phone
2129642288
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Yu
Formed
2000
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Cbiz Marks Paneth LLC
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena M Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART X, LINE 8:

“As of december 31, 2020 and 2019, chhdfc's real estate held for resale consisted of the acquisitions and rehabilitation cost-in-progress of 6 and 9 properties which are in various stages of completion. These properties have a total carrying value of $10,396,226 and $10,290,895 as of december 31, 2020 and 2019, respectively.”

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 213,811. Management and general expenses 23,459. Fundraising expenses 0. Total expenses 237,270.”

FORM 990, PART XII, LINE 2C:

“The process of overseeing the audit and selection of independent accountant has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Chhdfc believes it had no uncertain tax positions as of december 31, 2021 and 2020 in accordance with accounting standards codification ("asc") topic 740, which provides standards for establishing and classifying any tax provisions for uncertain tax positions.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY, INC. ("CHHDFC") WAS ESTABLISHED TO INCREASE AND IMPROVE NEW YORK CITY'S AFFORDABLE HOUSING STOCK WHILE PROMOTING AND ADVANCING HOME OWNERSHIP FOR MINORITY, IMMIGRANT, LOW- AND MODERATE- INCOME, AND UNDERSERVED POPULATIONS. CHHDFC ACQUIRES AND SUBSEQUENTLY REHABILITATES OR BUILDS NEW ONE- TO FOUR- FAMILY HOMES. WITH A STRONG BELIEF IN THE WEALTH-GENERATING EFFECTS ON HOME OWNERSHIP IN COMMUNITIES, CHHDFC THEN SELLS THE HOME IT DEVELOPS TO FAMILIES IN TARGETED POPULATIONS. CHHDFC ALSO HELPS TO PREPARE THESE FAMILIES TO PURCHASE THEIR HOMES THROUGH A SYSTEM OF REFERRALS TO AN AFFILIATE COUNSELING AND TRAINING PROVIDER.
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IRS990/OtherExpensesGrp/TotalAmt169763
IRS990/OtherExpensesGrp/TotalAmt28699
IRS990/OtherExpensesGrp/TotalAmt3853
IRS990/OtherLiabilitiesGrp/BOYAmt06154335
IRS990/OtherLiabilitiesGrp/EOYAmt06350126
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/Desc1REAL ESTATE TAX
IRS990/OtherRevenueMiscGrp/Desc2OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012521
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt14917
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21610
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012521
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14917
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21610
IRS990/OtherRevenueTotalAmt019048
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07013990
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06930140
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt066755
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0102863
IRS990/PrincipalOfficerNm0THOMAS YU
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0237259
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1192544
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0237259
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1192544
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt053
IRS990/PYOtherExpensesAmt01357738
IRS990/PYOtherRevenueAmt0893006
IRS990/PYProgramServiceRevenueAmt0444168
IRS990/PYRevenuesLessExpensesAmt0-20511
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01357738
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01337227
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0813239
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01665527
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2017 AMOUNT: $ 4,129. 2018 AMOUNT: $ 1,509. 2019 AMOUNT: $ 9,476. 2020 AMOUNT: $ 918. 2021 AMOUNT: $ 1,610. WATER AND SEWER - 2017 AMOUNT: $ 1,496. 2018 AMOUNT: $ 1,457. REFUNDS ON SALES COSTS - 2017 AMOUNT: $ 158,588. LEASE AND LATE FEES - 2018 AMOUNT: $ 1,970. REAL ESTATE TAX - 2018 AMOUNT: $ 3,377. 2019 AMOUNT: $ 1,815. 2020 AMOUNT: $ 4,477. 2021 AMOUNT: $ 4,917. BAD DEBT RECOVERY - 2019 AMOUNT: $ 760. 2020 AMOUNT: $ 1,349. 2021 AMOUNT: $ 12,521. RESTORATION AND REPAIR - 2019 AMOUNT: $ 1,100.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01112341
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04975
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt016265
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt019710
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01153291
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05955563
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0444168
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0519348
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0531833
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0421561
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07872473
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01112341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04975
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt016265
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt019710
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01153291
IRS990ScheduleA/InvestmentIncomeCYPct00.12490
IRS990ScheduleA/InvestmentIncomePYPct00.17910
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt019048
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06744
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt013151
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08313
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0164213
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0211469
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.85230
IRS990ScheduleA/PublicSupportPY509Pct00.78170
IRS990ScheduleA/PublicSupportTotal509Amt07872473
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05955563
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0444168
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0519348
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0531833
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0421561
IRS990ScheduleA/Total509Grp/TotalAmt07872473
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05974611
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01563253
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0537474
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0556411
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0605484
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09237233
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0852288
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0667211
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt161268
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22554
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt316130
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UTILITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt061268
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16288858
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01665527
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHHDFC BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2021 AND 2020 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0747163
IRS990ScheduleD/TotalExpensesPerForm990Amt0852288
IRS990ScheduleD/TotalLiabilityAmt06350126
IRS990ScheduleD/TotalRevenuePerForm990Amt01665527
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01665527
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0852288
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0237414
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1246595
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2145801
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt07500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt24736
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt034717
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt118410
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt225966
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JENNIFER SUN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1THOMAS YU
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2TIM JUNG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CO-EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CO-EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF FINANCIAL OFFICER (OUTGOING)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0279631
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1271560
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2176503
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2020 AND 2019, CHHDFC'S REAL ESTATE HELD FOR RESALE CONSISTED OF THE ACQUISITIONS AND REHABILITATION COST-IN-PROGRESS OF 6 AND 9 PROPERTIES WHICH ARE IN VARIOUS STAGES OF COMPLETION. THESE PROPERTIES HAVE A TOTAL CARRYING VALUE OF $10,396,226 AND $10,290,895 AS OF DECEMBER 31, 2020 AND 2019, RESPECTIVELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY, INC. IS A MEMBERSHIP ORGANIZATION WITH A SOLE MEMBER ASIAN AMERICANS FOR EQUALITY, INC. ("AAFE"), A NEW YORK NOT-FOR-PROFIT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AAFE IS AS A SOLE MEMBER CAN APPROVE THE BOARD MEMBERS OF THE ORGANIZATION.. AAFE MAY IN ITS SOLE DISCRETION AT ANY TIME INCREASE THE NUMBER OF MEMBERS AND ESTABLISH SUCH CRITERIA FOR MEMBERSHIP AS IT DEEMS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SOLE MEMBER CAN REMOVE ANY MEMBER OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. AT LEAST 7 DAYS PRIOR TO FILING, THE ORGANIZATION DISTRIBUTES A DRAFT FORM 990 TO THE BOARD FOR REVIEW. FIVE DAYS ARE ALLOWED FOR FEEDBACK, THROUGH THE BOARD TREASURER, BEFORE FORM 990 IS FINALIZED AND FILED WITH THE IRS. A COPY OF THE FILED FORM 990 IS PROVIDED TO THE BOARD FOR THEIR RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DIRECTORS AND OFFICERS ARE ISSUED WITH A COPY OF THE CURRENT CONFLICT OF INTEREST POLICY ON APPOINTMENT AND ANNUALLY THEREAFTER DIRECTORS AND OFFICERS COMPLETE ANNUAL DECLARATIONS TO EITHER CONFIRM NO CONFLICTS OR IDENTIFY POSSIBLE AND/OR ACTUAL CONFLICTS.

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,873,886
Liabilities
$9,055,463
Net assets
$5,818,423
Revenue
$1,665,527
Expenses
$852,288
Net income
$813,239
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.1$0.04$11.0$4.71$0.32$4.38
2023Detailed filing. Detailed filing data is available for this year.$12.5$5.82$6.64$3.19$2.73$0.45
2022Detailed filing. Detailed filing data is available for this year.$13.0$6.80$6.24$1.11$0.70$0.42
2021Detailed filing. Detailed filing data is available for this year.$14.9$9.06$5.82$1.67$0.85$0.81
2020Detailed filing. Detailed filing data is available for this year.$19.2$14.2$5.01$1.34$1.36$0.02
2019Detailed filing. Detailed filing data is available for this year.$18.2$13.2$5.03$0.54$0.91$0.37
2018Detailed filing. Detailed filing data is available for this year.$19.0$13.6$5.40$0.56$0.48$0.07
2017Detailed filing. Detailed filing data is available for this year.$16.7$11.3$5.32$0.61$0.51$0.10
2016Detailed filing. Detailed filing data is available for this year.$13.2$7.99$5.22$3.54$1.24$2.31
2015Detailed filing. Detailed filing data is available for this year.$14.8$11.8$2.91$5.37$2.57$2.80
2014Detailed filing. Detailed filing data is available for this year.$14.9$14.8$0.11$1.42$1.33$0.09
2013Detailed filing. Detailed filing data is available for this year.$12.5$12.5$0.03$1.40$1.42$0.02
2012Summary only. Only limited summary data is available for this year.$14.3$14.2$0.05$1.00$1.34$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$14.6$0.39$1.65
2010Summary only. Only limited summary data is available for this year.$14.9$14.2$0.76$1.09$1.57$0.49