2024-11-13T15:37:05+00:00 2023-12-31 440160260 Forvis Mazars LLP 4161 Piedmont Parkway Suite 310 Greensboro NC 27410 990 2023-01-01 541023025 Community Housing Partners Corporation COMM 5403822002 448 DEPOT STREET CHRISTIANSBURG VA 24073 Jeffrey Reed President 5403822002 2024-11-13 true true Kevin Rayfield P00290535 3368895156 2024-11-13 2023 2024-10-15 13:58:12Z Jeffrey Reed 448 DEPOT STREET CHRISTIANSBURG VA 24073 85345954 false X WWW.COMMUNITYHOUSINGPARTNERS.ORG X 1974 VA CHP PROVIDES HOUSING OPPORTUNITIES AND RELATED SERVICES TO INDIVIDUALS OF LOW-WEALTH IN THE U.S. OUR SERVICES INCLUDE THE DEVELOPMENT, CONSTRUCTION, PRESERVATION, WEATHERIZATION AND/OR MANAGEMENT OF HEALTHY AND SUSTAINABLE, AFFORDABLE HOUSING STOCK. CHP ALSO DELIVERS HOMEOWNERSHIP AND RESIDENT SERVICES THAT PROMOTE FINANCIAL LITERACY AND SUSTAINABILITY. IN ADDITION, WE OFFER EDUCATION AND TRAINING IN ENERGY AND CONSERVATION PRACTICES, WEATHERIZATION AND GREEN BUILDING. CHP WORKS EACH YEAR WITH THOUSANDS OF INDIVIDUALS AND FAMILIES, BUILDING PROFESSIONALS, HOMEOWNERS, AND OTHER PEOPLE IN NEED OF ASSISTANCE. 8 8 541 2108 0 0 17018345 22900425 52078870 59486937 3109438 2217222 33485 26809 72240138 84631393 0 0 0 0 18847879 21854499 0 0 290848 55391085 65777407 74238964 87631906 -1998826 -3000513 210920103 205088010 112370045 107419226 98550058 97668784 X CHP'S MISSION IS TO CREATE HOMES AND COMMUNITIES THAT ARE HEALTHY, SUSTAINABLE, AND AFFORDABLE. false false 31504689 21040247 CHP PROVIDES WEATHERIZATION OF HOMES, EMERGENCY HOME REPAIRS, AND EMERGENCY HEATING AND COOLING ASSISTANCE TO VERY LOW-INCOME INDIVIDUALS AND FAMILIES ACROSS VIRGINIA. CHP'S ENERGY SOLUTIONS RESEARCH AND TRAINING CENTER PROVIDES TRAINING AND CERTIFICATION IN HEATING AND COOLING SERVICE AND INSTALLATION, DIAGNOSTIC TESTING AND CONSERVATION METHODS TO INDIVIDUALS, TECHNICIANS AND ORGANIZATIONS THAT SERVE LOW INCOME INDIVIDUALS ACROSS THE U.S. IN 2023, CHP PROVIDED WEATHERIZATION SERVICES FOR 7,360 HOUSEHOLDS AND SERVED 988 UNIQUE INDIVIDUALS IN WEATHERIZATION AND ENERGY CONSERVATION THROUGH OUR CHP ENERGY SOLUTIONS RESEARCH AND TRAINING CENTER. 30167242 27681404 CHP OWNS OR MANAGES 6,243 UNITS OF MULTIFAMILY HOUSING SERVING LOW AND MODERATE-INCOME RESIDENTS. THE PORFOLIO MANAGED BY CHP INCLUDES HOUSING FOR SENIOR AND DISABLED, FORMERLY HOMELESS, SINGLE FEMALE HEADS-OF-HOUSEHOLD AND OTHER INDIVIDUALS AND FAMILIES OF LOW-INCOME. CHP'S SERVICES ALSO INCLUDE THE PROVISION OF RESIDENT SERVICES SUCH AS AFTER SCHOOL PROGRAMS, FINANCIAL LITERACY EDUCATION, JOB READINESS SKILLS BUILDING AND LEADERSHIP OPPORTUNITIES. IN 2023, CHP SUPPORTIVE SERVICE COORDINATORS AND OUR PARTNERS DELIVERED 39,209 UNITS OF PROGRAMMING TO OUR RESIDENTS. IN ADDITION, CHP IS A LICENSED REAL ESTATE COMPANY SERVING LOW TO MODERATE INCOME HOMEBUYERS. OUR CONTINUUM OF SERVICES INCLUDES SALES, ACCESS TO BELOW MARKET MORTGAGES, HOMEBUYER EDUCATION AND HOMEOWNERSHIP COUNSELING. IN 2023, CHP PROVIDED HOMEOWNERSHIP TRAINING TO 65 HOUSEHOLDS AND PROVIDED ACCESS TO DOWN PAYMENT ASSISTANCE AND MORTGAGES TO 2 FAMILIES. CHP REALTY SOLD 6 HOMES. 12022965 10109773 CHP WORKS WITH PUBLIC AND PRIVATE PARTNERS TO PRESERVE AND CONSTRUCT AFFORDABLE RENTAL HOUSING FOR LOW-INCOME INDIVIDUALS AND HOUSEHOLDS ACROSS THE SOUTHEAST AND MID-ATLANTIC U.S. IN 2023, CHP CONTINUED CONSTRUCTION ON A REHABILITATION PROJECT ON A 72 UNIT IN GALAX, VIRGINIA THAT WILL BE PLACED IN SERVICE MID-2024. CHP ALSO CONTINUED CONSTRUCTION ON 80 SENIOR HOUSING UNITS ACROSS 2 PROJECT NEAR THE EASTERN SHORE OF VIRGINIA AND 32 SENIOR HOUSING UNITS IN INDEPENDENCE, VIRGINIA. THESE THREE PROJECT WILL BE PLACED IN SERVICE BY YEAR-END 2024 655513 655513 73694896 true true false false false false false false false true false true true true true false true false false false false false false false false false false false true false false false false false false true false false false false false true true true false true false true 462 0 true 541 true false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true true false VA X Jeffrey Reed 5403822002 448 DEPOT STREET CHRISTIANSBURG VA 24073 Ana Castilla Vice Chair 1.0 X 0 0 0 Charles Famuliner Past Chair 1.0 X 0 0 0 Deborah Sherman Lee Member 1.0 X 0 0 0 Freddy Paige Member 1.0 X 0 0 0 John Randolph Member 1.0 X 0 0 0 Racquel Reddie Board Chair 1.0 X 0 0 0 Shawn McMahon Member 1.0 X 0 0 0 Susan Sisk Member 1.0 X 0 0 0 J Andy Hall Chief Operating Officer 40.0 X 350996 0 38072 Janaka Casper CEO 40.0 X 792494 0 61078 Jeffrey Reed President 40.0 X 455124 0 57714 Lance Sutherland EVP/CFO 40.0 X 277201 0 57469 David Schultz Senior Vice President 40.0 X 128042 0 30640 JR Riddlebarger Vice President 40.0 X 206174 0 23361 Eric Chapman General Counsel 40.0 X 208727 0 43525 Mark Jackson Vice President 40.0 X 215856 0 52186 Samantha Brown Vice President 40.0 X 185863 0 32981 Shaun Rai Senior Vice President 40.0 X 171338 0 45506 Todd Collins Assistant Vice President 40.0 X 224349 0 26595 3216164 0 469127 51 true true false Quick AC Quote 14501 Aldengate Rd Midlothian VA 23114 Contractor 1904966 RMGP Inc 16 Swannee Lane Ashland VA 23005 Contractor 1574329 Southern Companies of Va Inc 2508 Turkey Creek Rd Oilville VA 23129 Contractor 1314692 Dave's Diversified Services 803B North Royal Avenue Front Royal VA 22630 Contractor 1138322 Johnston Electric 311 Johnston Ave Pearisburg VA 24134 Contractor 1079372 42 22070011 830414 22900425 Rental Income 531110 23281209 23281209 Utility Programs 531390 19032291 19032291 Rehabilitation Fees 531390 10823963 10823963 Other Program Service Revenues 531110 3353608 3353608 Property Management Fees 531110 2995866 2995866 0 0 0 0 59486937 1944997 1944997 0 0 986786 714561 0 272225 272225 272225 26809 26809 26809 0 0 0 0 0 84631393 61730968 0 0 2210031 334216 1875815 14724193 11269790 3252506 201897 1054867 642121 399530 13216 2206803 1594452 592118 20233 1658605 1229506 412621 16478 85519 12650 72869 73014 73014 0 0 0 0 41135 24574 12102 4459 124339 94685 29472 182 13140452 13140452 2837789 2730976 106813 6006234 5454447 551787 625129 319875 305254 Energy Services 17690812 17690812 Construction & Rehab 9571394 9571394 Miscellaneous Program 8237565 8237565 Miscellaneous Admin 5835661 5802979 32682 1508364 1347381 159282 1701 87631906 73694896 13646162 290848 18609506 19279853 15477066 9997512 0 0 0 2178462 4187314 5787026 4369109 7508503 7053218 198797629 94133065 108446433 104664564 3103331 3204812 37006180 37972205 9000 8500 12794596 14350923 210920103 205088010 1759816 2890743 1630700 0 32535467 32927547 0 69617800 65545407 6826262 6055529 112370045 107419226 X 94485938 95548462 4064120 2120322 98550058 97668784 210920103 205088010 X -3000513 2119239 X false true X true true true X 9381866 7689180 21772708 17018345 22900425 78762524 0 0 9381866 7689180 21772708 17018345 22900425 78762524 0 78762524 589828 676190 1173599 3109438 2217222 7766277 0 0 0 0 0 0 0 86528801 238149036 0.9102 0.9103 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11722946 11722946 174648127 85770321 88877806 8687002 6217904 2469098 3739554 2144840 1594714 104664564 LONG TERM MORTGAGES 37972205 C 37972205 INVESTMENT IN AFFILIATES 2494124 TAX & INSURANCE ESCROW 2876575 SECURITY DEPoSITS 1173880 RESTRICTED CASH 1451449 REPLACEMENT RESERVE 5324195 Contract Assets 1030700 14350923 0 Accrued Annual Leave 1370521 TENANT SECURITY DEPOSITS 1081990 ACCRUED INTEREST 170285 PREPAID RENT 227923 DEFERRED COMPENSATION 3204810 Contract Liabilities 0 6055529 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote CHPC is a not-for-profit corporation pursuant to section 501(c)(3) of the internal revenue code, and accordingly, is exempt from federal and state income taxes. as a result, the accompanying consolidated financial statements do not reflect a provision or liability under federal and state income taxes. X X X X X false false false false false false false true false Janaka Casper CEO 769833 0 22554 0 107 0 60993 0 85 0 853572 0 0 0 Jeffrey Reed President 376792 0 77300 0 1032 0 40604 0 17110 0 512838 0 0 0 J Andy Hall Chief Operating Officer 295324 0 54640 0 1032 0 36892 0 1180 0 389068 0 0 0 Lance Sutherland EVP/CFO 235043 0 41921 0 237 0 33684 0 23785 0 334670 0 0 0 JR Riddlebarger Vice President 177295 0 25607 0 3272 0 13521 0 9840 0 229535 0 0 0 David Schultz Senior Vice President 120726 0 7078 0 238 0 27148 0 3492 0 158682 0 0 0 Samantha Brown Vice President 143729 0 41888 0 246 0 25793 0 7188 0 218844 0 0 0 Mark Jackson Vice President 182161 0 33286 0 409 0 28503 0 23683 0 268042 0 0 0 Eric Chapman General Counsel 178974 0 29581 0 172 0 19852 0 23673 0 252252 0 0 0 Todd Collins Assistant Vice President 193903 0 28238 0 2208 0 25411 0 1184 0 250944 0 0 0 Shaun Rai Senior Vice President 144406 0 26632 0 300 0 21905 0 23601 0 216844 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments BONUSES ARE BASED UPON A NET INCOME AMOUNT ADJUSTED FOR VARIOUS EXPENSES AND INCOME ITEMS, INCLUDING A REDUCTION FOR DONATIONS AND CONTRIBUTIONS. IF THE ADJUSTED NET INCOME IS POSITIVE, THEN THE BOARD IS ALLOWED TO DESIGNATE UP TO 25% OF THE RESULT AS A BONUS POOL TO BE ALLOCATED AMONG OFFICERS, MANAGEMENT, AND STAFF. BONUSES ARE CALCULATED AS A PERCENTAGE OF SALARY RANGING FROM 20% TO 2.5% BASED ON THE TIER/SALARY GRADE OF THE EMPLOYEE. THE PERCENTAGE IS DILUTED BASED ON THE SIZE OF THE AVAILABLE BONUS POOL COMPARED TO THE AMOUNT NEEDED FOR FULL POTENTIAL PAYOUTS FOR ALL TIERS ABOVE THE 2.5% LEVEL. THE 2.5% LEVEL TIER IS FUNDED IN FULL BEFORE COMPUTING THE POOL AMOUNT AVAILABLE FOR REMAINING TIERS. INDIVIDUAL EVALUATION AGAINST PERFORMANCE PLANS AND ASSESSMENTS ALSO FACTORS INTO THE FINAL BONUS PERCENT PAID AT THE EMPLOYEE LEVEL. Schedule J, Part I, Line 3 THE BOARD APPROVES COMPENSATION FOR THE EXECUTIVE LEVEL EMPLOYEES. A TRIENNIAL 3RD PARTY COMPENSATION STUDY OF OTHER LIKE ORGANIZATIONS IS CONDUCTED IN SUPPORT OF THE PROCESS. Rajarshi Casper Son of Janaka Casper, CEO 169387 See Below false Schedule L, Part IV, Column (a) Rajarshi Casper Schedule L, Part IV, Column (b) Son of Janaka Casper, CEO Schedule L, Part IV, Column (d) Janaka Casper's Son received listed amount of compensation as an employee of CHPC. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $)(Revenue $ 655,513) Form 990, Part VI, Line 11b Review of form 990 by governing body THE BOARD IS PROVIDED A COPY OF THE 990 BEFORE IT IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD APPROVES COMPENSATION FOR THE EXECUTIVE LEVEL EMPLOYEES. A TRIENNIAL 3RD PARTY COMPENSATION STUDY OF OTHER LIKE ORGANIZATIONS IS CONDUCTED IN SUPPORT OF THE PROCESS. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST Form 990, Part XI, Line 9 Other changes in net assets or fund balances Investment Capital Contributions (Net) - 2119239; BOWLING GREEN LEE ST TOWNHOUSES 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION Braxton Manor Apartments LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 811043126 lOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION Cambria House LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION CHARLOTTE ASHBROOK TOWNHOMES LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 208133427 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION CHP REALTY 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 REAL ESTATE SALES VA COMMUNITY HOUSING PARTNERS CORPORATION CHP SL LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION chpc of NC LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 lOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION Heather Glen Manager LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 lOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION Henley Place Manager LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 lOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION Huckleberry Court Manager LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 lOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION Lynchburg-Cornerstone LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 lOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION LYNNHAVEN LANDING LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION WESTMORELAND-MONTROSs APTS INC 448 DEPOT STREET CHRISTIANSBURG VA 24073 260280907 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION CHP Energy Solutions LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 Energy Investment VA COMMUNITY HOUSING PARTNERS CORPORATION CHP JSVB LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 371893334 lOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION CHP Afton LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION CHP Battleground LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION CHP Bluegrass LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION CHP CC III LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION CHP CCI LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 LOW-INCOME HOUSING VA COMMUNITY HOUSING PARTNERS CORPORATION CHP College Hill Homes LLC 448 DEPOT STREET CHRISTIANSBURG VA 24073 541023025 LOW-INCOME HOUSING VA 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