Nonprofit · EIN 56-2141179
COMMUNITY HOME TRUST
Tax-exempt · CHAPEL HILL, NC 27514
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,309,736 | $1,491,745 | -$182,009 | $12,780,846 | $8,622,334 | $4,158,512 |
| June 30, 2024 | 990 | $2,898,661 | $1,296,284 | $1,602,377 | $12,589,421 | $8,289,887 | $4,299,534 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,194,963
- of which government grants
- $1,045,326
- Program service revenue
- $85,260
- Investment income
- $76,589
- Net rental income
- -$84,017
- Net gain from sales of assets
- $742
- Other revenue
- -$47,076
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $142,338
- Other salaries and wages
- $620,923
- Salaries, compensation and benefits (total)
- $942,616
- Professional fundraising fees
- $0
- Legal fees
- $8,245
- Accounting fees
- $22,440
- Occupancy
- $51,572
- Depreciation
- $53,485
- Program services (functional)
- $1,186,338
- Management and general (functional)
- $108,199
- Fundraising (functional)
- $197,208
Balance sheet and other
- Total assets, start of year
- $12,589,421
- Total assets, end of year
- $12,780,846
- Total liabilities, end of year
- $8,622,334
- Net assets, end of year
- $4,158,512
- Land, buildings and equipment
- $8,155,634
- Publicly traded securities
- $2,317,687
- Net assets without donor restrictions
- $3,104,698
- Net assets with donor restrictions
- $1,053,814
- Gross receipts
- $2,060,425
- Employees
- 13
- Volunteers
- 0
- Year formed
- 1999
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMBERLY SANCHEZ | EXECUTIVE DIRECTOR Officer | 50 | $106,936 | $14,605 |
| JOAN ROSE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BRUCE WARRINGTON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ANDREW FOSTER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| BRIKA EKLUND | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| BRIEANNE MENDEZ-VALDIVIEZO | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MARK MOSIER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LINDA FAJARDO | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RANYAH HAHN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| BRIDGET ADAMOU | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JAMES PARROTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VEDA GILBERT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMBERLY SANCHEZ | EXECUTIVE DIRECTOR Officer | 50 | $100,063 | $13,942 |
| SERGIO ESCOBAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOAN ROSE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BRUCE WARRINGTON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ANDREW FOSTER | VICE PRESIDENT/SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| BRIKA EKLUND | PRESIDENT Trustee or director, Officer | 20 | $0 | $0 |
| BRIEANNE MENDEZ-VALDIVIEZO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK MOSIER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LINDA FAJARDO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RANYAH HAHN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIDGET ADAMOU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES PARROTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 105 CONNER DR STE 1000, CHAPEL HILL, NC 27514-7129
- Principal officer (990 for 2024)
- KIMBERLY SANCHEZ, PO BOX 2315, CHAPEL HILL, NC 27514
- Signed the 990
- KIMBERLY SANCHEZ, EXECUTIVE DIRECTOR
- Phone
- (919) 967-1545
- Website
- WWW.COMMUNITYHOMETRUST.ORG
- Return prepared by
- NEAL BRADSHER & TAYLOR PA
Mission
COMMUNITY HOME TRUST IS A NONPROFIT ORGANIZATION THAT SEEKS TO STRENGTHEN OUR COMMUNITY WITH PERMANENTLY AFFORDABLE HOUSING OPPORTUNITIES.
Program accomplishments
- WE COLLABORATE WITH DEVELOPERS TO HELP THEM MEET INCLUSIONARY HOUSING REQUIREMENTS IN CHAPEL HILL AND CARRBORO. WE ACQUIRE AFFORDABLE HOMES FROM DEVELOPERS AND RESELL THEM THROUGH A 99-YEAR GROUND LEASE TO INCOME-ELIGIBLE BUYERS. THIS LEASEHOLD APPROACH ENSURES THAT OUR HOMES REMAIN AFFORDABLE FOR FUTURE GENERATIONS OF LOW-INCOME HOUSEHOLDS.WE ALSO ASSIST CURRENT CHT HOMEOWNERS IN SELLING THEIR HOMES TO NEW INCOME-ELIGIBLE BUYERS.THE GROUND LEASE INCLUDES A RESALE FORMULA THAT DETERMINES HOW MUCH APPRECIATION THE SELLER CAN RECEIVE. WE WORK CLOSELY WITH BOTH SELLERS AND BUYERS TO MAINTAIN THE LONG-TERM AFFORDABILITY OF OUR HOMES.REGARDLESS OF WHETHER WE'RE SELLING EXISTING HOME TRUST HOMES OR HOMES ON BEHALF OF DEVELOPERS, OUR RESPONSIBILITIES ARE THE SAME: WE MARKET HOMES TO PROSPECTIVE BUYERS. WE PROVIDE FINANCIAL COUNSELING, HOMEBUYER EDUCATION, AND PROGRAM ORIENTATION TO EACH BUYER. WE ASSIST WITH SECURING MORTGAGE FINANCING. WE HELP IDENTIFY AVAILABLE SUBSIDY FUNDS WHEN NECESSARY.FOR THE FISCAL YEAR 2024-2025, WE SOLD 11 HOMES. OF THIS TOTAL, 6 HOMES WERE RESALES OF EXISTING HOMES, AND 5 WERE NEWLY ACQUIRED HOMES.Expenses $553,082 · revenue -$111,766
- ON MARCH 1, 2024, CHT OFFICIALLY ADDED FIVE HOMES ON OPEN AIR CAMP ROAD IN DURHAM TO ITS PERMANENTLY AFFORDABLE HOUSING INVENTORY. THE RESIDENTS, MEMBERS OF THE ENO RIVER TENANTS' ASSOCIATION, HAD LONG SOUGHT TO SECURE THEIR HOMES THROUGH A LAND TRUST MODEL. SIGNIFICANT RENOVATIONS WERE COMPLETED BY THE FALL OF 2024, WHICH WERE FINANCED BY A GRANT FROM THE OAK FOUNDATION AND A LOAN FROM THE DURHAM AFFORDABLE HOUSING LOAN FUND. THE CURRENT TENANTS, SOME OF WHOM HAVE LIVED IN THESE HOMES FOR NEARLY TWO DECADES, REMAINED IN PLACE, WITH THE OPTION TO BECOME HOMEOWNERS THROUGH CHT'S LAND TRUST HOMEOWNERSHIP MODEL. ONE HOMEOWNER CONVERTED TO HOME OWNERSHIP, AND IS INCLUDED IN THE TOTAL FOR SALES OF EXISTING HOMES IN STATEMENT 1.CHT HAS PARTNERED WITH LAZARUS REPAIR AND MAINTENANCE TO UNDERTAKE THE REHABILITATION OF THE FIVE HOMES, EACH REQUIRING INDIVIDUALIZED REPAIRS, INCLUDING ROOFING, FLOORING, PLUMBING, AND MOLD REMEDIATION. WHILE THE RENOVATION PROCESS WILL TAKE SEVERAL MONTHS, MOST TENANTS ARE EXPECTED TO STAY IN THEIR HOMES DURING THIS PERIOD.AS A NONPROFIT WITH SPECIALIZED EXPERTISE IN LAND TRUST MANAGEMENT, CHT IS UNIQUELY POSITIONED TO ADDRESS COMPLEX HOUSING CHALLENGES. THE ORGANIZATION BRINGS TOGETHER REAL ESTATE PROFESSIONALS, A LICENSED HOME INSPECTOR, AND EXPERIENCE IN SECURING FUNDING FOR COMMUNITY-FOCUSED PROJECTS. THIS COMBINED EXPERTISE, ALONG WITH SUPPORT FROM FUNDING PARTNERS, ALLOWS CHT TO MAKE A MEANINGFUL IMPACT IN PRESERVING AFFORDABLE HOUSING FOR LONG-TERM TENANTS.Expenses $466,511 · revenue $62,008
- ON DECEMBER 29, 2017, CHT ACQUIRED A 58-UNIT RENTAL DEVELOPMENT CALLED THE LANDINGS AT WINMORE. THIS ACQUISITION WAS MADE BY CHT LANDINGS, LLC, A LIMITED LIABILITY COMPANY IN WHICH THE ORGANIZATION OWNS 100% OF THE MEMBERSHIP INTEREST. THE ACQUISITION ADDED 58 RENTAL UNITS TO OUR INVENTORY INCREASING OUR ABILITY TO REACH MEMBERS OF THE COMMUNITY AT INCOMES AS LOW AS 30% AREA MEDIAN INCOME. THE SUCCESS OF THIS PROJECT SPEARHEADED TWO MORE INITIATIVES WITH A PRIVATE AFFORDABLE HOUSING DEVELOPER. IN 2023 CHT WAS AWARDED 9% LIHTC CREDITS TO BUILD 48 UNITS OF RENTAL HOUSING IN CHAPEL HILL. THIS PROJECT HAS NOT YET BEGUN AS OF 6/30/2025 BUT IS STILL PLANNED. IN 2024, CHT WAS AWARDED 9% LIHTC CREDITS TO BUILD 48 UNITS OF RENTAL UNITS FOR RESIDENTS AGE 55+ ALSO IN CHAPEL HILL.revenue -$84,017
- ON MARCH 15, 2024, COMMUNITY HOME TRUST (CHT), INTRODUCED A NEW INITIATIVE DESIGNED TO HELP FIRST-TIME HOMEBUYERS OVERCOME BARRIERS TO MORTGAGE QUALIFICATION. THE PILOT PROGRAM, BUDGET YOUR WAY HOME, SUPPORTS APPLICANTS OF CHT'S AFFORDABLE HOUSING PROGRAM WHO ARE READY TO PURCHASE A HOME BUT FACE CHALLENGES SUCH AS INSUFFICIENT SAVINGS, LOW CREDIT SCORES, OR UNSTABLE INCOMES.THESE OBSTACLES OFTEN CONTRIBUTE TO EQUITY DISPARITIES IN HOMEOWNERSHIP, WITH BIPOC (BLACK, INDIGENOUS, AND PEOPLE OF COLOR) HOMEBUYERS DISPROPORTIONATELY IMPACTED. ACCORDING TO THE CONSUMER FINANCIAL PROTECTION BUREAU'S 2022 ANNUAL REPORT ON RESIDENTIAL MORTGAGE LENDING, BLACK AND HISPANIC BORROWERS EXPERIENCE HIGHER LOAN DENIAL RATES, RECEIVE SMALLER LOANS, AND FACE HIGHER INTEREST RATES AND UPFRONT FEES COMPARED TO WHITE AND ASIAN BORROWERS. THE NEW PROGRAM AIMS TO ADDRESS THESE DISPARITIES BY PROVIDING TARGETED SUPPORT FOR THOSE FACING DIFFICULTIES IN SECURING A MORTGAGE.THE BUDGET YOUR WAY HOME PROGRAM OFFERS A COMBINATION OF MONTHLY FINANCIAL EDUCATION AND PERSONALIZED ONE-ON-ONE COACHING FROM CHT'S HUD-CERTIFIED COUNSELORS OVER A SIX-MONTH PERIOD. PARTICIPANTS WHO SUCCESSFULLY COMPLETE THE PROGRAM WILL BE ELIGIBLE FOR MATCHING FUNDS TO ASSIST WITH CLOSING COSTS AND OTHER FINANCIAL RESPONSIBILITIES ASSOCIATED WITH PURCHASING A HOME THROUGH CHT. THE FIRST FIVE PARTICIPANTS IN THE PILOT PROGRAM WILL BE SELECTED FROM THE CURRENT POOL OF CHT APPLICANTS, WHO WILL BE INVITED TO APPLY FOR THE COACHING SESSIONS. PARTICIPATION IN THE PROGRAM IS FREE OF CHARGE.THIS INITIATIVE IS PART OF CHT'S ONGOING EFFORTS TO ENSURE THAT HOMEOWNERSHIP REMAINS ACCESSIBLE AND ATTAINABLE FOR ALL, PARTICULARLY FOR THOSE MOST AFFECTED BY SYSTEMIC INEQUITIES IN THE HOUSING MARKET.Expenses $166,745 · revenue $171,959
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2141179
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $12,780,846
- Income (IRS master file)
- $2,060,425
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,309,736 | $1,491,745 | $12,780,846 | XML |
| 990 | June 2024 | $2,898,661 | $1,296,284 | $12,589,421 | XML |
| 990 | June 2023 | $941,098 | $1,324,199 | $10,687,817 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 56-2141179).
Questions about COMMUNITY HOME TRUST
- What is the EIN of COMMUNITY HOME TRUST?
- The employer identification number (EIN) of COMMUNITY HOME TRUST is 56-2141179.
- Is COMMUNITY HOME TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to COMMUNITY HOME TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY HOME TRUST 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 HOME TRUST due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY HOME TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COMMUNITY HOME TRUST?
- The 990 for the year ended June 30, 2025 names KIMBERLY SANCHEZ.
- Who are the officers and directors of COMMUNITY HOME TRUST?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $106,936 (KIMBERLY SANCHEZ, EXECUTIVE DIRECTOR).
- How much revenue does COMMUNITY HOME TRUST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,309,736, expenses of $1,491,745 and total assets of $12,780,846 at year end.
Other nonprofits in CHAPEL HILL
- CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC EIN 23-7271041 · last filed 990 for 2024
- INTER-CHURCH COUNCIL HOUSING CORPORATION EIN 56-1089522 · last filed 990 for 2025
- CAROL WOODS CHARITABLE FUND INC EIN 20-4262143 · last filed 990 for 2024
- A LOTTA LOVE INC EIN 84-2866664 · last filed 990 for 2025
- PEE WEE HOMES EIN 82-2624086 · last filed 990 for 2024
- UCC LIVING CENTER INCORPORATED EIN 56-1964906 · last filed 990 for 2025
- ASSOCIATION OF CAROL WOODS RESIDENTS INC EIN 54-2114743 · last filed 990-EZ for 2025
- HAWFIELDS HOMEOWNERS ASSOCIATION INC EIN 56-2107709 · last filed 990-N for 2025
All nonprofits in CHAPEL HILL · North Carolina · Housing and shelter