2025-11-17T14:21:38-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2024-01-01 363728180 COMMUNITY HOUSING CORPORATION OF AMERICA INC COMM 6516055222 161 RONDO AVENUE 825 ST PAUL MN 55103 WES BUTLER EXECUTIVE DIRECTOR 6516055222 2025-11-14 1 1 KAREN A GRIES P00078514 6128764500 2025-11-14 2024 2025-03-06 01:10:19Z X WES BUTLER 161 RONDO AVENUE 825 ST PAUL MN 55103 18040246 0 X WWW.COMMUNITYHOUSINGCORPORATION.ORG X 1990 DE PROVIDE MODERATE AND LOW INCOME HOUSING. 6 6 2 2 0 0 0 1330000 5357135 5792326 1704555 2097502 0 0 7061690 9219828 18300 22605 0 0 315045 299476 0 0 0 6019301 7214700 6352646 7536781 709044 1683047 79785237 80998132 56887169 55491416 22898068 25506716 X CREATING AND MAINTAINING QUALITY, AFFORDABLE HOUSING FOR BETTER COMMUNITIES. 0 0 6718546 22605 5792326 SEE SCHEDULE O. 6718546 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 8 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X WES BUTLER 6516055222 161 RONDO AVENUE 825 ST PAUL MN 55103 SUSAN LANDWEHR MARSHALL PRESIDENT 7.00 X X 36000 0 0 RICHARD MARTIN VICE PRESIDENT/SECRETARY 3.50 X X 18000 0 0 KEN JOHNSON VICE PRESIDENT/TREASURER 1.00 X X 0 0 0 CATHY CAPONE BENNETT DIRECTOR 1.00 X 0 0 0 VICKI SHIPLEY DIRECTOR 1.00 X 0 0 0 NORMAN NELSON DIRECTOR 1.00 X 0 0 0 WES BUTLER EXECUTIVE DIRECTOR 40.00 X 180237 0 23021 234237 0 23021 1 0 1 0 SHELTER CORPORATION 10900 WAYZATA BLVD STE 740 MINNETONKA MN 55305 MANAGEMENT SERVICES 318115 1 1330000 1330000 1330000 RESIDENTIAL RENTAL INCOME 624200 5352822 5352822 CHILDCARE FACILITY RENT INCOME 624410 356544 356544 OTHER FEES & REIMBURSEMENTS 624200 82960 82960 5792326 2085420 2085420 8832500 8820418 12082 12082 12082 9219828 5792326 0 2097502 X 22605 22605 257258 176834 80424 26096 22704 3392 956 832 124 15166 13194 1972 318115 318115 14870 14870 149769 149769 102649 102649 782159 749856 32303 78011 4681 73330 365778 105905 259873 8715 8715 1072805 1040621 32184 3761 3761 1336932 1336932 1529973 1529829 144 661954 661954 PROPERTY MAINTENANCE 734484 734484 BAD DEBT 54725 54725 7536781 6718546 818235 0 1639647 1199177 10179266 78553 62149 1656381 3439640 299902 280594 61421574 24265712 28133357 37155862 36898565 36137067 1173472 899566 1550171 79785237 80998132 7386827 7106766 29917 779336 120437 48611072 48234296 109934 0 56887169 55491416 X 22898068 25506716 22898068 25506716 79785237 80998132 X 1683047 827434 98167 X X 0 1 X 1 0 X 1619999 1330000 2949999 19216078 20361939 5403954 5357135 5792326 56131432 19216078 20361939 7023953 5357135 7122326 59081431 0 0 0 59081431 274928 288135 1072969 1780472 2085420 5501924 274928 288135 1072969 1780472 2085420 5501924 322794 356544 679338 19813800 21006618 8096922 7137607 9207746 65262693 0.90530 0.93830 0.08430 0.04820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5588246 5588246 37909108 23246229 14662879 2465279 1019483 1445796 15458941 15458941 37155862 X PART IV, LINE 2B: ESCROWS AND CUSTODIAL BALANCES ARE RELATED TO TRUST ACCOUNTS AND USED TO PAY TAXES, INSURANCE, TRUSTEE FEES, ETC. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). ACCORDINGLY, THE ORGANIZATION IS NOT SUBJECT TO FEDERAL INCOME TAX; CONSEQUENTLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. THE ORGANIZATION IS CLASSIFIED AS A PUBLICLY SUPPORTED CHARITABLE ORGANIZATION UNDER SECTION 509(A)(2) OF THE CODE AND CONTRIBUTIONS TO THE ORGANIZATION GENERALLY QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THAT THE ORGANIZATION EVALUATE TAX POSITIONS AND RECOGNIZE A LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE ORGANIZATION HAS ANALYZED ITS TAX POSITIONS AND CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES, HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY OPEN TAX PERIODS IN PROGRESS. 1 DIVINE TABERNACLE BIBLE CHURCH 5717 SWEETBRIAR DRIVE RICHARDSON TX 75082 501(C)(3) 6000 0 GENERAL OPERATIONS 1 0 PART I, LINE 2: COMMUNITY HOUSING CORPORATION ANNUALLY CONSIDERS AND DISPERSES FUNDS TO DESERVING NON-PROFIT ORGANIZATIONS. THERE ARE NO FORMAL MONITORING PROCEDURES. X X 0 0 0 0 0 0 0 0 0 WES BUTLER EXECUTIVE DIRECTOR 180237 0 0 0 0 0 9021 0 14000 0 203258 0 0 0 X 1 1330000 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 4A COMMUNITY HOUSING CORPORATION (CHC) IS A NONPROFIT COMPANY THAT SEEKS TO CREATE AND MAINTAIN QUALITY AFFORDABLE HOUSING FOR BETTER COMMUNITIES. CHC OWNS AND OPERATES 338 UNITS OF HOUSNG IN MINNESOTA COMMUNITIES. THESE ARE IN THE COMMUNITIES OF SAVAGE, BURNSVILLE, AND MINNETONKA. THESE UNITS PROVIDE ESSENTIAL AFFORDABLE HOUSING OPPORTUNITIES TO THESE COMMUNITIES. ADDITIONALLY, CHC ACCEPTS SECTION 8 HOUSING VOUCHERS AT ALL OF ITS PROPERTIES. IN 2023, CHC STARTED A NEW AFFORDABLE HOUSING DEVELOPMENT IN MONTICELLO, MINNESOTA. THE PROJECT CONSISTS OF 60 UNITS OF THE TWINHOME DESIGN. THE PROJECT IS CALLED COUNTRY CLUB VILLAS PHASE 1. THESE UNITS ARE STATE OF THE ART MODULAR CONSTRUCTION WHICH LIMITS CONSTRUCTION WASTE AND INCREASE THE QUALITY OF THE FINISHED UNIT. FOURTY PERCENT OF THE UNITS ARE AFFORDABLE TO HOUSEHOLDS AT OR BELOW 60% OF THE AREA MEDIAN INCOME. THIS PROJECT WAS COMPLETED IN 2025. IN 2024, CHC BEGAN PHASE 2 OF COUNTRY CLUB VILLAS WHICH WILL BE 22 ADDITIONAL UNITS WITH THE SAME AFFORDABILITY REQUIREMENTS AS PHASE 1. IN 2024, CHC ALSO PURCHASED 49% OWNERSHIP IN AN LLC THAT OWNS CLIFF HILL, WHICH IS A 32 UNIT APPARTMENT PROJECT IN BURNSVILLE, MN. CLIFF HILL IS 100% AFFORDABLE TO HOUSEHOLDS AT 30% AMI. THE ORGANIZATION CONTINUALLY SEEKS HOUSING OPPORTUNITIES FOR CHC TO FURTHER ITS MISSION. CHC CONTRACTS WITH SHELTER CORPORATION, WHICH MANAGES CHC PROPERTIES AND WORKS WITH CHC TO PROVIDE BEAUTIFUL LIVING SPACES FOR VERY LOW AND LOW-AND-MODERATE INCOME INDIVIDUALS AND FAMILIES IN MINNESOTA. CHC'S APARTMENT BUILDINGS OFFER A RANGE OF AMENITIES FOR THE INDIVIDUALS AND FAMILIES WE SERVE. THESE VARY BY PROPERTY BUT MAY INCLUDE: IN-UNIT WASHERS AND DRYERS, FIREPLACES, WALK-IN CLOSETS, COMMUNITY GARDENS, SWIMMING POOLS, ADJACENT DAYCARE CENTERS, KID'S CLUBS AND PLAYGROUNDS, PRIVATE PATIOS, SUNDECKS AND BALCONIES, WALKING PATHS AND PICNIC AREAS WITH GRILLS. FORM 990, PART VI, SECTION A, LINE 3 COMMUNITY HOUSING CORPORATION OF AMERICA DELEGATES RESPONSIBILITY FOR THE DAY TO DAY OPERATIONS OF EACH OF ITS COMMUNITIES (HOUSING DEVELOPMENT) TO SHELTER CORPORTATION. THE SPECIFICS OF THE RESPONSIBILITIES ARE OUTLINED AND DESCRIBED IN THE MANAGEMENT AGREEMENT. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B COMMUNITY HOUSING CORPORATION OF AMERICA, INC. ENGAGED AN INDEPENDENT ACCOUNTANT TO PREPARE THE FORM 990 FOR REVIEW BY ITS MANAGEMENT COMPANY, SHELTER CORPORATION. ONCE COMPLETED, ALL BOARD MEMBERS REVIEWED THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A KEY PERSON WHO HAS AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER RELATIONSHIP OR FINANCIAL INTEREST TO THE BOARD OF DIRECTORS OR THE COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE DISCLOSURE MUST BE MADE AT OR PRIOR TO THE MEETING OF THE BOARD OR COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE KEY PERSON, SUCH PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. ONCE A POTENTIAL CONFLICT OF INTEREST HAS BEEN DISCLOSED AND DETERMINED TO BE A CONFLICT OF INTEREST: THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, OBTAIN AND RELY ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DECISION WHETHER OR NOT TO PARTICIPATE IN THE PROPOSED TRANSACTION OR ARRANGEMENT. THE CHAIR OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD OR COMMITTEE SHALL EXERCISE DUE DILIGENCE TO DETERMINE WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. AFTER CONSIDERATION, THE BOARD OR COMMITTEE MAY DETERMINE THAT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF SO, THE BOARD OR COMMITTEE MAY DECIDE TO ENTER INTO A TRANSACTION INVOLVING A CONFLICT OF INTEREST IF THE BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE OF DISINTERESTED MEMBERS THAT: THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTERESTS OF THE CORPORATION; AND IN RELIANCE ON THE APPROPRIATE DATA AS TO COMPARABILITY, THE TERMS OF THE TRANSACTION OR ARRANGEMENT ARE FAIR AND REASONABLE TO THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE FOR CHC WAS SELECTED THROUGH THE USE OF A CONSULTANT WHOM ADVISED ON A COMPETITIVE SALARY. SUBSEQUENT SALARY INCREASES ARE DETERMINED BY THE BOARD PRESIDENT WITH AND IN COUNSULTATION WITH OTHER BOARD MEMBERS. THE COMPENSATION DECISION WAS DOCUMENTED IN THE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 32,303. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,303. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 749,856. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 749,856. FORM 990, PART XI, LINE 9: LOSS ON INVESTMENTS IN EQUITY METHOD INVESTMENTS -276,361. GAIN ON INVOLUNTARY CONVERSION 374,528. FORM 990, PART XII, LINE 2C: THE SELECTION AND OVERSIGHT PROCESS REGARDING THE FINANCIAL STATEMENT AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. CHC DAKOTA STATION LLC 161 RONDO AVENUE STE 825 ST PAUL MN 55103 412014910 MODERATE & LOW-INCOME HOUSING MN 2672043 4380311 COMMUNITY HOUSING CORPORATION OF AMERICA INC CHC HIGHVIEW LLC 161 RONDO AVENUE STE 825 ST PAUL MN 55103 412014909 MODERATE & LOW-INCOME HOUSING MN 3271629 6048053 COMMUNITY HOUSING CORPORATION OF AMERICA INC CHC MONTICELLO LLC 161 RONDO AVENUE STE 825 ST PAUL MN 55103 363728180 MODERATE & LOW-INCOME HOUSING MN 297082 22662989 COMMUNITY HOUSING CORPORATION OF AMERICA INC CHC MONTICELLO II LLC 161 RONDO AVENUE STE 825 ST PAUL MN 55103 MODERATE & LOW-INCOME HOUSING MN 1330000 6398796 COMMUNITY HOUSING CORPORATION OF AMERICA INC CHC MINNETONKA AFFORDABLE HOUSING LLC 161 RONDO AVENUE STE 825 ST PAUL MN 55103 300936623 MODERATE & LOW-INCOME HOUSING MN CHC MINNETONKA AFFORDABLE HOUSING MM LLC RELATED -49 -367 0 1 0.00010 CHC MINNETONKA AFFORDABLE HOUSING MM LLC 161 RONDO AVENUE STE 825 ST PAUL MN 55103 611793394 MODERATE & LOW-INCOME HOUSING MN COMMUNITY HOUSING CORPORATION OF AMERICA INC C 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 CHC MINNETONKA AFFORDABLE HOUSING A 335095 AMOUNTS PAID AND ACCRUED CHC MINNETONKA AFFORDABLE HOUSING D 1991476 Y/E BALANCE CHC MINNETONKA AFFORDABLE HOUSING D 3444000 SEE SCH R - PART VII SCHEDULE R, PART V, LINE 2: THE ORGANIZATION HAS A $3,444,000 NOTE RECEIVABLE FROM MINNETONKA AFFORDABLE HOUSING LLC, WITH INTEREST COMPOUNDED ANNUALLY AT 6.57 PERCENT. INTEREST AND PRINCIPAL ARE PAYABLE SOLELY OUT OF ANNUAL NET OPERATING CASH FLOW AND CAPITAL PROCEEDS IN AMOUNTS AS DEFINED IN MINNETONKA'S OPERATING AGREEMENT, WITH PAYMENTS APPLIED FIRST TO ACCRUED INTEREST. ANY REMAINING PRINCIPAL AND INTEREST ARE DUE THE EARLIER OF THE DATE MINNETONKA SELLS THE PROPERTY OR DECEMBER 31, 2054. THE NOTE IS SECURED BY A MORTGAGE, WHICH IS SUBORDINATE TO MINNETONKA'S OTHER BONDS AND NOTES PAYABLE. THE ORGANIZATION HAS DETERMINED THAT BASED ON CURRENT CASH FLOW PROJECTIONS FOR MINNETONKA, AS WELL AS CURRENT ESTIMATED CAPITAL PROCEEDS AVAILABLE FROM A SALE OF THE PROPERTY, IT IS UNLIKELY THAT THE ORGANIZATION WILL RECEIVE PAYMENTS ON THE PRINCIPAL BALANCE OF THE NOTE; THEREFORE, THE ORGANIZATION MAINTAINS FULL ALLOWANCE FOR THE PRINCIPAL BALANCE OF THE NOTE.