Civic Intelligence

Cda Housing Inc

EIN 30-0572797 • 501(c)3 • Kenosha, WI

Profile

The corporation is organized exclusively for charitable, educational and scientific purposes, and exclusively to carry out the following purposes: 1. Provide decent, safe and sanitary housing and other assistance related to affordable low-income housing and basic human needs for decent shelter to those in need and the disadvantaged as well as to engage in any other lawful act or activity for which the corporation may be organized under the non-profit corporation law of the state of michigan. 2. Develop and maintain safe, affordable housing for low-income persons in the states of michigan, wisconsin and illinois. 3. Purchase, obtain donations of, and accept ownership of existing rental housing properties and, if applicable and appropriate, to assume existing mortgages and associated indebtedness of said properties and/or obtain other financing and operate said property as affordable low-income housing. 4. Provide such educational, supportive and referral services to low-income persons a

600 52nd Street Suite 320Kenosha, WI 53142

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.20x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

1.18x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

2nd percentile

-62%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-87%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$30,986,348

Down $25,477,022 (-45%) from 2022

Liabilities

Down

$6,091,024

Down $10,831,636 (-64%) from 2022

Net Assets

Down

$24,895,324

Down $14,645,386 (-37%) from 2022

Revenue

Up

$5,169,942

Up $1,644,414 (+47%) from 2022

Expenses

Down

$128,208

Down $807,587 (-86%) from 2022

Net Income

Up

$5,041,734

Up $2,452,001 (+95%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2017: $3,656,624Liabilities 2017: $0Net Assets 2017: $3,656,6242017Assets 2018: $6,888,407Liabilities 2018: $34,524Net Assets 2018: $6,853,8832018Assets 2019: $15,528,083Liabilities 2019: $34,524Net Assets 2019: $15,493,5592019Assets 2020: $26,630,212Liabilities 2020: $34,526Net Assets 2020: $26,595,6862020Assets 2021: $52,894,657Liabilities 2021: $15,943,680Net Assets 2021: $36,950,9772021Assets 2022: $56,463,370Liabilities 2022: $16,922,660Net Assets 2022: $39,540,7102022Assets 2024: $30,986,348Liabilities 2024: $6,091,024Net Assets 2024: $24,895,3242024

Highlighted filing

2024

Assets$30,986,348
Liabilities$6,091,024
Net Assets$24,895,324

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Revenue 2017: $3,710,040Expenses 2017: $53,416Net Income 2017: $3,656,6242017Revenue 2018: $3,228,803Expenses 2018: $25,917Net Income 2018: $3,202,8862018Revenue 2019: $8,676,739Expenses 2019: $37,063Net Income 2019: $8,639,6762019Revenue 2020: $11,134,762Expenses 2020: $32,635Net Income 2020: $11,102,1272020Revenue 2021: $9,666,915Expenses 2021: $134,392Net Income 2021: $9,532,5232021Revenue 2022: $3,525,528Expenses 2022: $935,795Net Income 2022: $2,589,7332022Revenue 2024: $5,169,942Expenses 2024: $128,208Net Income 2024: $5,041,7342024

Highlighted filing

2024

Revenue$5,169,942
Expenses$128,208
Net Income$5,041,734

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.0
Gross Receipts
$5,169,942
Mission and Program Overview

Mission

The corporation is organized exclusively for charitable, educational and scientific purposes, and exclusively to carry out the following purposes: 1. Provide decent, safe and sanitary housing and other assistance related to affordable low-income housing and basic human needs for decent shelter to those in need and the disadvantaged as well as to engage in any other lawful act or activity for which the corporation may be organized under the non-profit corporation law of the state of michigan. 2. Develop and maintain safe, affordable housing for low-income persons in the states of michigan, wisconsin and illinois. 3. Purchase, obtain donations of, and accept ownership of existing rental housing properties and, if applicable and appropriate, to assume existing mortgages and associated indebtedness of said properties and/or obtain other financing and operate said property as affordable low-income housing. 4. Provide such educational, supportive and referral services to low-income persons a

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$77,230,436$25,922,143▼ $51,308,293
Investments Program Related$4,853,369$4,853,396▲ $27
Cash and Non-Interest-Bearing Accounts$98,567$207,959▲ $109,392
Total Assets$82,182,372$30,986,348▼ $51,196,024
Other Assets Total-$2,850-
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,770,000$5,960,000▲ $1,190,000
Other Liabilities$91,334$131,024▲ $39,690
Total Liabilities$4,861,334$6,091,024▲ $1,229,690
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$77,321,038$24,895,324▼ $52,425,714
Total Net Assets Fund Balance$77,321,038$24,895,324▼ $52,425,714
Total Liabilities and Net Assets / Fund Balance$82,182,372$30,986,348▼ $51,196,024

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$-351--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donald RichardsPresident
Damon DuncanDirector
Katie OatsvallSecretary &
Tim MahoneVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$15,172,490
Program Service Revenue
$0
Investment Income
$3,421,202
Other Revenue
$-13,423,750
All Other Contributions
$15,172,490
Change in Net Assets
$5,041,734

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential2$15,055,000Fair Market Value
Total Noncash Contributions2$15,055,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,169,942
Total Revenue per Audited Statements
$5,169,942
Total Revenue per Form 990
$5,169,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$128,208
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-$39,690-$39,690
Fees for Services Other$3,163$30,468-$33,631
Fees for Services Accounting-$18,321-$18,321
Travel$18,157--$18,157
Fees for Services Legal-$11,308-$11,308
Office Expenses$1,684$5,417-$7,101
Total Functional Expenses$23,004$105,204$0$128,208

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$128,208
Total Expenses per Audited Statements$128,208
Total Expenses per Form 990$128,208
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
Accrued Interest$113,490
Other Long Term Liabilities$17,534
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Company accountant reviews the information on the 990 before it is submitted for e-filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Cda Housing Inc
EIN
30-0572797
Phone
9069325500
Address
600 52ND STREET SUITE 320, KENOSHA, WI 53142

Signing Officer

Name
Donald Richards
Title
President
Phone
9069325500
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Richards
Formed
2015
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Lucida Advisors LLC
Address
20633 WATERTOWN COURT, BROOKFIELD, WI 53186
Preparer
Carl L Marzolf CPA Mst
Phone
2628601724
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The corporation is organized exclusively for charitable, educational and scientific purposes, and exclusively to carry out the following purposes: 1. Provide decent, safe and sanitary housing and other assistance related to affordable low-income housing and basic human needs for decent shelter to those in need and the disadvantaged as well as to engage in any other lawful act or activity for which the corporation may be organized under the non-profit corporation law of the state of michigan. 2. Develop and maintain safe, affordable housing for low-income persons in the states of michigan, wisconsin and illinois. 3. Purchase, obtain donations of, and accept ownership of existing rental housing properties and, if applicable and appropriate, to assume existing mortgages and associated indebtedness of said properties and/or obtain other financing and operate said property as affordable low-income housing. 4. Provide such educational, supportive and referral services to low-income persons as may be necessary and appropriate to the accomplishment of the provision of affordable, low-income housing. 5. To do any and all lawful activities which may be necessary, useful or desirable for the furtherance, accomplishment, fostering or attainment of the foregoing purposes, either directly or indirectly, and either alone or in conjunction or cooperation with others, whether such others be persons or organizations of any kind or nature, such as corporations, firms, associations, trusts, institutions, foundations, or governmental bureaus, departments, or agencies.

Form 990, Page 2, Part III, Line 4A

Cda housing, inc. Is involved with the following projects as of december 31, 2024: 1) the verander- danville, il (44 units). The verander is the redevelopment of an affordable housing community in danville, il which is being substantially renovated into 44 units of affordable housing. Cda accepted the donation of the property from an unrelated nfp in order to preserve and recapitalize the development. Cda is serving as an owner, developer and lender on the transaction. The development began construction in nov 2024 and is expected to be completed in dec 2025. 2) the intersect- madison, wi (192 units). The intersect is a 192-unit new construction, affordable housing development located in madison, wi. It will create new units of affordable housing in a key corridor in madison along the bus rapid transit line. Cda is serving as an owner, consultant and lender on the transaction. The development began construction in july 2024 and is expected to be completed in april 2026.

Form 990, Part IX, Line 11G

Consulting 3,163 27,468 0 contract services 0 3,000 0 total 3,163 30,468 0

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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc13CHEVY REHABILITATION, LLC
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, AND EXCLUSIVELY TO CARRY OUT THE FOLLOWING PURPOSES: 1. PROVIDE DECENT, SAFE AND SANITARY HOUSING AND OTHER ASSISTANCE RELATED TO AFFORDABLE LOW-INCOME HOUSING AND BASIC HUMAN NEEDS FOR DECENT SHELTER TO THOSE IN NEED AND THE DISADVANTAGED AS WELL AS TO ENGAGE IN ANY OTHER LAWFUL ACT OR ACTIVITY FOR WHICH THE CORPORATION MAY BE ORGANIZED UNDER THE NON-PROFIT CORPORATION LAW OF THE STATE OF MICHIGAN. 2. DEVELOP AND MAINTAIN SAFE, AFFORDABLE HOUSING FOR LOW-INCOME PERSONS IN THE STATES OF MICHIGAN, WISCONSIN AND ILLINOIS. 3. PURCHASE, OBTAIN DONATIONS OF, AND ACCEPT OWNERSHIP OF EXISTING RENTAL HOUSING PROPERTIES AND, IF APPLICABLE AND APPROPRIATE, TO ASSUME EXISTING MORTGAGES AND ASSOCIATED INDEBTEDNESS OF SAID PROPERTIES AND/OR OBTAIN OTHER FINANCING AND OPERATE SAID PROPERTY AS AFFORDABLE LOW-INCOME HOUSING. 4. PROVIDE SUCH EDUCATIONAL, SUPPORTIVE AND REFERRAL SERVICES TO LOW-INCOME PERSONS AS MAY BE NECESSARY AND APPROPRIATE TO THE ACCOMPLISHMENT OF THE PROVISION OF AFFORDABLE, LOW-INCOME HOUSING. 5. TO DO ANY AND ALL LAWFUL ACTIVITIES WHICH MAY BE NECESSARY, USEFUL OR DESIRABLE FOR THE FURTHERANCE, ACCOMPLISHMENT, FOSTERING OR ATTAINMENT OF THE FOREGOING PURPOSES, EITHER DIRECTLY OR INDIRECTLY, AND EITHER ALONE OR IN CONJUNCTION OR COOPERATION WITH OTHERS, WHETHER SUCH OTHERS BE PERSONS OR ORGANIZATIONS OF ANY KIND OR NATURE, SUCH AS CORPORATIONS, FIRMS, ASSOCIATIONS, TRUSTS, INSTITUTIONS, FOUNDATIONS, OR GOVERNMENTAL BUREAUS, DEPARTMENTS, OR AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CDA HOUSING, INC. IS INVOLVED WITH THE FOLLOWING PROJECTS AS OF DECEMBER 31, 2024: 1) THE VERANDER- DANVILLE, IL (44 UNITS). THE VERANDER IS THE REDEVELOPMENT OF AN AFFORDABLE HOUSING COMMUNITY IN DANVILLE, IL WHICH IS BEING SUBSTANTIALLY RENOVATED INTO 44 UNITS OF AFFORDABLE HOUSING. CDA ACCEPTED THE DONATION OF THE PROPERTY FROM AN UNRELATED NFP IN ORDER TO PRESERVE AND RECAPITALIZE THE DEVELOPMENT. CDA IS SERVING AS AN OWNER, DEVELOPER AND LENDER ON THE TRANSACTION. THE DEVELOPMENT BEGAN CONSTRUCTION IN NOV 2024 AND IS EXPECTED TO BE COMPLETED IN DEC 2025. 2) THE INTERSECT- MADISON, WI (192 UNITS). THE INTERSECT IS A 192-UNIT NEW CONSTRUCTION, AFFORDABLE HOUSING DEVELOPMENT LOCATED IN MADISON, WI. IT WILL CREATE NEW UNITS OF AFFORDABLE HOUSING IN A KEY CORRIDOR IN MADISON ALONG THE BUS RAPID TRANSIT LINE. CDA IS SERVING AS AN OWNER, CONSULTANT AND LENDER ON THE TRANSACTION. THE DEVELOPMENT BEGAN CONSTRUCTION IN JULY 2024 AND IS EXPECTED TO BE COMPLETED IN APRIL 2026.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPANY ACCOUNTANT REVIEWS THE INFORMATION ON THE 990 BEFORE IT IS SUBMITTED FOR E-FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING 3,163 27,468 0 CONTRACT SERVICES 0 3,000 0 TOTAL 3,163 30,468 0
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1BETA-BECHER ACQUISITION COMPANY LLC
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARL L MARZOLF CPA MST
ReturnHeader/ReturnTs02025-11-17T14:15:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01

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