2025-10-17T06:34:22-05:00 2025-06-30 261472386 SCHAFER TSCHOPP WHITCOMB ET AL 541 S ORLANDO AVENUE SUITE 312 MAITLAND FL 32751 990 2024-07-01 593142633 COMMUNITY HOUSING INITIATIVE INC COMM 3212530053 PO BOX 410522 MELBOURNE FL 329410522 NICOLE TENPENNY PRESIDENT/EXECUTIVE DIRECTOR 3212530053 2025-10-17 1 0 THOMAS TSCHOPP P00836892 4078752760 2024 2025-03-06 01:10:19Z NICOLE TENPENNY PO BOX 410522 MELBOURNE FL 329410522 2151994 0 X WWW.CHIBREVARD.ORG X 1992 FL TO PROVIDE AFFORDABLE HOUSING TO THE VERY LOW, LOW, AND MODERATE-INCOME HOUSEHOLDS. 6 6 4 6 0 0 0 0 2061059 2116475 380153 35519 0 0 2441212 2151994 0 0 0 0 296257 309451 0 0 0 1981439 1873603 2277696 2183054 163516 -31060 4947373 4316697 5643273 4754200 -695900 -437503 X AS A NOT-FOR-PROFIT CHARITABLE DEVELOPMENT CORPORATION, COMMUNITY HOUSING INITIATIVE, INC. IS COMMITTED TO PROVIDING AFFORDABLE HOUSING TO THE VERY LOW, LOW, AND MODERATE-INCOME HOUSEHOLDS.OUR GOAL IS TO IMPROVE THE QUALITY OF LIFE AND BUILD STRONG RELATIONSHIPS WITH EXISTING SERVICE ORGANIZATIONS IN THE COMMUNITIES WE SERVE. WE WILL PURSUE THE EDUCATION OF COMMUNITIES IN AN ATTEMPT TO INCREASE PUBLIC AWARENESS OF THE NEED FOR AFFORDABLE HOUSING. 0 0 625059 THE DEVELOPMENT AND OPERATION OF WILLOW BROOK VILLAGE APARTMENTS: C.H.I DEVELOPED AND NOW OPERATES AN AFFORDABLE HOUSING APARTMENT COMPLEX WITH 24 2-BEDROOM AND 32 3-BEDROOM UNITS. THE UNITS ARE LEASED TO FAMILIES OF LOW AND MODERATE-INCOME LEVELS. IN ADDITION, C.H.I PROVIDES VARIOUS OTHER TYPES OF PROGRAMS FOR THEIR RESIDENTS WHICH INDLUDES COUNSELING IN BUDGETING AND FINANCE, CREDIT COUNSELING, HOME MAINTENANCE, AND AFFORDABLE DAYCARE COORDINATION. THE COMPANY ALSO OFFERS HOME OWNERSHIP OPPORTUNITIES TO THEIR RESIDENTS BY ALLOWING THEM TO QUALIFY A PORTION OF THEIR RENT TOWARDS A DOWN PAYMENT. 1492523 FIRST TIME HOMEBUYER ASSISTANCE PROGRAMS. WE PROVIDE DOWN PAYMENT, CLOSING COST AND IN SOME INSTANCES REPAIR ASSISTANCE TO VERY LOW, LOW AND MODERATE INCOME PEOPLE SO THAT THEY CAN PURCHASE A FIRST TIME HOME.AS A DEVELOPER, C.H.I. IS BUILDING SINGLE FAMILY HOMES IN THE CITIES OF MELBOURNE AND COCOA THAT WILL BE SOLD TO INCOME ELIGIBLE FIRST TIME HOMEBUYERS. AS OF JUNE 30, 2025, C.H.I HAS COMPLETED OVER 40 INFILL HOMES. 2117582 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X NICOLE TENPENNY 3212530053 3033 COLLEGE WOOD DRIVE MELBOURNE FL 329348324 LORETTA WILLIAMS TREASURER 0.25 X X 0 0 0 DONNA BROWNING SECRETARY 0.25 X X 0 0 0 TINA JOHNS CHAIRPERSON 0.50 X X 0 0 0 MARILYN MCANDREW VICE CHAIR 0.25 X X 0 0 0 DEE HUSSEY BOARD MEMBER 0.25 X 0 0 0 MACK JACKSON BOARD MEMBER 0.25 X 0 0 0 NICOLE TENPENNY PRESIDENT/EXECUTIVE DIRECT 40.00 X 122684 0 17874 122684 0 17874 1 0 0 0 JJ DESIGN & CONSTRUCTION 1783 HAZELTON AVENUE NW PALM BAY FL 32907 CONSTRUCTION SERVICES 231764 1 COMMUNITY REINVESTMENT 525990 1331281 1331281 RENTAL INCOME 531110 703870 703870 OTHER PROGRAM FEES 900099 81324 81324 2116475 35519 35519 2151994 2116475 0 35519 288277 253078 35199 21174 18600 2574 30835 14010 16825 12979 7233 5746 259296 259296 40249 40249 27847 27847 96778 96778 HOMEBUYER ASSISTANCE 1192137 1192137 INSPECTIONS 93899 93899 CABLE TV 48110 48110 COMPLIANCE FEE 11276 11276 60197 55069 5128 2183054 2117582 65472 0 X 514018 793965 335888 144375 40721 43185 3987020 3725946 1056479 261074 3000267 3074098 4947373 4316697 80111 87803 1183220 391313 4363542 4257932 16400 17152 5643273 4754200 X -695900 -437503 -695900 -437503 4947373 4316697 -31060 289457 0 X 0 1 X 1 1 1 X 897327 792848 1094177 2121059 2116475 7021886 897327 792848 1094177 2121059 2116475 7021886 0 0 0 7021886 176923 49106 428008 380153 324976 1359166 176923 49106 428008 380153 324976 1359166 1074250 841954 1522185 2501212 2441451 8381052 0.83780 0.83950 0.16220 0.16050 X 188648 188648 3729356 3656930 72426 69016 69016 0 261074 MUTUAL FUNDS 2621839 F ANNUITY 452259 F 3074098 SECURITY DEPOSITS 17152 17152 X 2441451 289457 289457 2151994 0 2151994 2183054 0 2183054 0 2183054 PART X, LINE 2: IN ACCORDANCE WITH "INCOME TAXES" FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740 (TOPIC 740), ALL ENTITIES ARE REQUIRED TO EVALUATE AND DISCLOSE INCOME TAX RISKS. TOPIC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES GUIDANCE RELATED TO THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION IS ONLY RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. AS OF JUNE 30, 2025, THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA PREPARES CHI'S 990 AND PROVIDES A DRAFT TO CHI'S EXECUTIVE DIRECTOR AND AN INDEPENDENT ACCOUNTING FIRM FOR REVIEW, WHO IN TURN, PROVIDE IT TO THE BOARD OF DIRECTORS. IF CHANGES ARE NECESSARY, THEY ARE MADE BY THE CPA AND A FINAL 990 IS PROVIDED TO THE ORGANIZATION FOR SIGNING AND MAILING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 CHI SENDS COPIES OF THE AUDITED FINANCIAL STATEMENTS TO ALL AGENCIES THAT FUND CHI.