Nonprofit · EIN 42-1416426
COMMUNITY HOUSING INITIATIVES INC
Tax-exempt · SPENCER, IA 51301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,563,177 | $6,206,930 | $2,356,247 | $53,593,763 | $7,122,621 | $46,471,142 |
| December 31, 2023 | 990 | $6,733,372 | $5,929,225 | $804,147 | $49,891,717 | $6,521,725 | $43,369,992 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,863,940
- of which government grants
- $575,099
- Program service revenue
- $6,374,535
- Investment income
- $141,942
- Net rental income
- $182,760
- Other revenue
- $182,760
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $432,541
- Other salaries and wages
- $1,906,637
- Salaries, compensation and benefits (total)
- $3,037,485
- Professional fundraising fees
- $0
- Legal fees
- $55,447
- Accounting fees
- $71,618
- Occupancy
- $1,182,013
- Travel
- $136,371
- Depreciation
- $897,830
- Program services (functional)
- $5,224,341
- Management and general (functional)
- $982,589
Balance sheet and other
- Total assets, start of year
- $49,891,717
- Total assets, end of year
- $53,593,763
- Total liabilities, end of year
- $7,122,621
- Net assets, end of year
- $46,471,142
- Land, buildings and equipment
- $17,380,044
- Net assets without donor restrictions
- $46,471,142
- Gross receipts
- $8,563,177
- Employees
- 44
- Volunteers
- 2,125
- Year formed
- 1994
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SAMANTHA ERICKSON | CHIEF OPERATING OFFICER Officer | 40 | $219,576 | $29,141 |
| MARK VREEMAN | CHIEF FINANCIAL OFFICER Officer | 40 | $152,614 | $31,211 |
| DAVID BRIDGEWATER | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TIM SHANAHAN | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN ZULK | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| EMILY ZIMMON | SECRETARY Trustee or director | 1 | $0 | $0 |
| SAY BACCAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRADIE CHWIRKA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENISE FULLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ABBIE GAFFEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OMAR PADILLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SAMANTHA ERICKSON | CHIEF OPERATING OFFICER Officer | 40 | $200,248 | $27,220 |
| MARK VREEMAN | CHIEF FINANCIAL OFFICER Officer | 40 | $146,314 | $28,968 |
| DAVID BRIDGEWATER | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TIM SHANAHAN | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN ZULK | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| EMILY ZIMMON | SECRETARY Trustee or director | 1 | $0 | $0 |
| PENNY CLAYTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENISE FULLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ABBIE GAFFEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OMAR PADILLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAUREN WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 473, SPENCER, IA 51301-0473
- In care of
- % DOUGLAS LABOUNTY
- Principal officer (990 for 2024)
- SAMANTHA ERICKSON, 328 GRAND AVENUE, SPENCER, IA 51301
- Signed the 990
- MARK VREEMAN, CHIEF FINANCIAL OFFICER
- Phone
- (712) 262-5640
- Website
- WWW.CHIHOUSING.COM
- Return prepared by
- RSM US LLP
Mission
THE MISSION OF COMMUNITY HOUSING INITIATIVES, INC. IS TO LEVERAGE AND MAXIMIZE OPPORTUNITIES FOR VIBRANT AND RESILIENT COMMUNITIES.
Program accomplishments
- AFFORDABLE HOUSING:DEVELOP AND OPERATE AFFORDABLE RENTAL HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS, APPROXIMATELY 3,300 PERSONS BENEFITED; SERVING SENIORS, FAMILIES AND PERSONS WITH DISABILITIES.RESIDENT SERVICES:RESIDENT SERVICES HELPS RESIDENTS QUALIFY FOR RENTAL UNITS, AND THEN OVERCOME BARRIERS TO REMAIN SECURE IN THEIR HOUSING. THE CHI RESIDENT SERVICES TEAM PROVIDES THE FOLLOWING SERVICES: EVICTION PREVENTION, PHYSICAL AND MENTAL HEALTH LIASON, SUCCESSFUL FAMILIES, SUSTAINABLE PROPERTIES, COMMUNITY BUILDING AND COMMUNICATIONS SPECIALISTS.Expenses $5,224,341 · revenue $6,374,535
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1416426
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $53,593,763
- Income (IRS master file)
- $8,563,177
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,563,177 | $6,206,930 | $53,593,763 | IRS |
| 990 | December 2023 | $6,733,372 | $5,929,225 | $49,891,717 | XML |
| 990 | December 2022 | $4,960,621 | $5,868,431 | $48,515,149 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1416426).
Questions about COMMUNITY HOUSING INITIATIVES INC
- What is the EIN of COMMUNITY HOUSING INITIATIVES INC?
- The employer identification number (EIN) of COMMUNITY HOUSING INITIATIVES INC is 42-1416426.
- Is COMMUNITY HOUSING INITIATIVES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to COMMUNITY HOUSING INITIATIVES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY HOUSING INITIATIVES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY HOUSING INITIATIVES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY HOUSING INITIATIVES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMUNITY HOUSING INITIATIVES INC?
- The 990 for the year ended December 31, 2024 names SAMANTHA ERICKSON.
- Who are the officers and directors of COMMUNITY HOUSING INITIATIVES INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $219,576 (SAMANTHA ERICKSON, CHIEF OPERATING OFFICER).
- How much revenue does COMMUNITY HOUSING INITIATIVES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,563,177, expenses of $6,206,930 and total assets of $53,593,763 at year end.
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