Civic Intelligence

Chisom Housing Group

990 • Fiscal year 2023 • EIN 91-2193633

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

1050 30th Street NWWashington, DC 20007

(206) 512-8901

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.50x

Higher debt load relative to assets than 73% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

1.73x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

24th percentile

-5.7%

Higher net margin than 24% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

18th percentile

$136,500

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

22nd percentile

-1.6%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

13%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Down

$27,890,572

Down $446,121 (-1.6%) from 2022

Net Assets

Down

$14,011,106

Down $455,216 (-3.1%) from 2022

Liabilities

Up

$13,879,466

Up $9,095 (+0.1%) from 2022

Revenue

Up

$8,003,392

Up $899,099 (+13%) from 2022

Expenses

Up

$8,458,608

Up $350,680 (+4.3%) from 2022

Net Income

Up

-$455,216

Up $548,419 (+55%) from 2022

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2012: $36,628,485Liabilities 2012: $36,198,365Net Assets 2012: $430,1202012Assets 2013: $37,124,594Liabilities 2013: $37,136,276Net Assets 2013: -$11,6822013Assets 2014: $38,218,209Liabilities 2014: $26,827,035Net Assets 2014: $11,391,1742014Assets 2015: $38,465,081Liabilities 2015: $26,288,996Net Assets 2015: $12,176,0852015Assets 2016: $37,761,853Liabilities 2016: $26,178,741Net Assets 2016: $11,583,1122016Assets 2017: $37,040,329Liabilities 2017: $26,149,038Net Assets 2017: $10,891,2912017Assets 2018: $35,441,401Liabilities 2018: $25,299,860Net Assets 2018: $10,141,5412018Assets 2019: $34,336,708Liabilities 2019: $24,907,867Net Assets 2019: $9,428,8412019Assets 2020: $33,411,681Liabilities 2020: $24,749,519Net Assets 2020: $8,662,1622020Assets 2021: $40,133,226Liabilities 2021: $24,663,269Net Assets 2021: $15,469,9572021Assets 2022: $28,336,693Liabilities 2022: $13,870,371Net Assets 2022: $14,466,3222022Assets 2023: $27,890,572Liabilities 2023: $13,879,466Net Assets 2023: $14,011,1062023Assets 2024: $26,315,128Liabilities 2024: $12,593,890Net Assets 2024: $13,721,2382024

Highlighted filing

2023

Assets$27,890,572
Liabilities$13,879,466
Net Assets$14,011,106

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2012: $194,0392012Revenue 2013: $6,188,068Expenses 2013: $6,629,870Net Income 2013: -$441,8022013Revenue 2014: $6,626,361Expenses 2014: $6,688,131Net Income 2014: -$61,7702014Revenue 2015: $7,526,521Expenses 2015: $6,741,610Net Income 2015: $784,9112015Revenue 2016: $6,832,157Expenses 2016: $7,425,130Net Income 2016: -$592,9732016Revenue 2017: $6,996,758Expenses 2017: $7,688,579Net Income 2017: -$691,8212017Revenue 2018: $7,082,935Expenses 2018: $7,832,685Net Income 2018: -$749,7502018Revenue 2019: $7,302,071Expenses 2019: $8,014,771Net Income 2019: -$712,7002019Revenue 2020: $7,501,670Expenses 2020: $8,268,349Net Income 2020: -$766,6792020Revenue 2021: $15,487,472Expenses 2021: $8,679,677Net Income 2021: $6,807,7952021Revenue 2022: $7,104,293Expenses 2022: $8,107,928Net Income 2022: -$1,003,6352022Revenue 2023: $8,003,392Expenses 2023: $8,458,608Net Income 2023: -$455,2162023Revenue 2024: $8,632,515Expenses 2024: $8,922,383Net Income 2024: -$289,8682024

Highlighted filing

2023

Revenue$8,003,392
Expenses$8,458,608
Net Income-$455,216
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$8,003,392
Mission and Program Overview

Mission

To foster and secure, safe, decent and sanitary housing and related facilities which are conducive to the general welfare of the community, with a focus on very low- and low-income households.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,326,652$18,574,286▼ $752,366
Other Notes and Loans Receivable, Net$2,428,470$2,428,470→ $0
Intangible Assets$711,684$686,489▼ $25,195
Accounts Receivable$220,663$499,230▲ $278,567
Prepaid Expenses and Deferred Charges$348,225$480,814▲ $132,589
Cash and Non-Interest-Bearing Accounts$616,588$433,682▼ $182,906
Savings and Temporary Cash Investments$80,149$5,190▼ $74,959
Investments Program Related$99$96▼ $3
Total Assets$28,336,693$27,890,572▼ $446,121
Other Assets Total$4,604,163$4,782,315▲ $178,152
Liabilities
Tax Exempt Bond Liabilities$12,160,000$11,310,000▼ $850,000
Accounts Payable and Accrued Expenses$1,092,414$1,993,880▲ $901,466
Other Liabilities$461,787$445,992▼ $15,795
Deferred Revenue$156,170$129,594▼ $26,576
Total Liabilities$13,870,371$13,879,466▲ $9,095
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,466,322$14,011,106▼ $455,216
Total Net Assets Fund Balance$14,466,322$14,011,106▼ $455,216
Total Liabilities and Net Assets / Fund Balance$28,336,693$27,890,572▼ $446,121

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,677,370$9,084,756$25,762,126
Equipment$89,716$1,792,182$1,881,898
Land$1,807,200-$1,807,200
Other Assets Org$1,073,734--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sarah BagleyExecutive DirectorFT$136,500$136,500

Board Members and Trustees

NameTitle
Hans JuhlePresident
Christopher PorterDirector
Olga GarzaDirector
Robert StevensonDirector
Thomas CurannDirector
Ashley LittlewolfSecretary
Matthew MalcomTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Arnold-grounds Apartment Management & AfManagement920 S MAIN STREET SUITE 200, Grapevine, TX 76051$330,240
Revenue and Support

Revenue Composition

Contributions and Grants
$8,005
Program Service Revenue
$7,878,085
Investment Income
$117,302
Other Revenue
$0
All Other Contributions
$8,005
Change in Net Assets
$-455,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,919,999
Salaries, Compensation, and Employee Benefits$1,538,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$1,766,790$8,370-$1,775,160
Other Salaries and Wages$1,079,318--$1,079,318
Occupancy$1,025,840$1,749-$1,027,589
Depreciation Depletion$921,250--$921,250
Fees for Services Management$330,240$489,619-$819,859
Interest$543,425--$543,425
Current Officers, Directors, Trustees, and Key Employees-$185,942-$185,942
Other Employee Benefits$158,077$439-$158,516
Payroll Taxes$99,844$14,989-$114,833
Fees for Services Accounting-$99,000-$99,000
Office Expenses$90,448$5,733-$96,181
All Other Expenses$56,311--$56,311
Travel$20,323$24,293-$44,616
Other Expenses$41,101$133,773-$41,101
Information Technology$28,721--$28,721
Advertising$7,327$2,149-$9,476
Fees for Services Legal$6,913--$6,913
Conferences and Meetings$3,554--$3,554
Total Functional Expenses$7,492,552$966,056$0$8,458,608
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Officer Owned EntityAsset Oversight FeesNo$202,123
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest - Bond$258,200
Tenant Security Deposits$145,127
Sba Loan$42,665

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2012-12-13$14,477,250LOW-INCOME HOUSING
BPublic Finance Authority2012-12-13$5,766,650LOW-INCOME HOUSING
CPublic Finance Authority2012-12-13$3,210,700LOW-INCOME HOUSING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$14,477,250--$274,730
B$5,766,650--$109,432
C$3,210,700--$60,928

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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, Part VI, Section A, Line 2

Hans juhle and christopher porter are co-owners of integra property group, llc.

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

Form 990 is presented to all members of the board and comments/questions are addressed prior to the form 990 being filed.

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

The audit committee reviews annually the conflict of interest disclosures and determines whether any action is required.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Chisom Housing Group
EIN
91-2193633
Phone
2065128901
Address
1050 30TH STREET NW, WASHINGTON, DC 20007

Signing Officer

Name
Hans Juhle
Title
President
Phone
2065128901
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Bagley
Formed
2007
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
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IRS990/OtherAssetsTotalGrp/EOYAmt04782315
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0439
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0158077
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0158516
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1OTHER ADMINISTRATIVE EX
IRS990/OtherExpensesGrp/Desc2SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt01234414
IRS990/OtherExpensesGrp/ProgramServicesAmt19338
IRS990/OtherExpensesGrp/ProgramServicesAmt269318
IRS990/OtherExpensesGrp/ProgramServicesAmt341101
IRS990/OtherExpensesGrp/TotalAmt01234414
IRS990/OtherExpensesGrp/TotalAmt1143111
IRS990/OtherExpensesGrp/TotalAmt269318
IRS990/OtherExpensesGrp/TotalAmt341101
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0480814
IRS990/PrincipalOfficerNm0SARAH BAGLEY
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST - BOND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SBA LOAN
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt04782315
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd11
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd21
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd2C
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd20

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