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Nonprofit · EIN 82-4300537

CHN HOUSING CAPITAL

Tax-exempt · CLEVELAND, OH 44114

Financials

$2.4M$2.7M2023$3M$3.2M2024
Revenue Expenses · by fiscal year end
Financials of CHN HOUSING CAPITAL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,985,945$3,248,506-$262,561$10,667,311$9,287,524$1,379,787
December 31, 2023990$2,431,806$2,728,727-$296,921$11,088,834$9,446,486$1,642,348
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,166,017
of which government grants
$1,251,018
Program service revenue
$600,281
Investment income
$0
Other revenue
$219,647

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$862,612
Salaries, compensation and benefits (total)
$1,054,953
Professional fundraising fees
$0
Legal fees
$19,551
Accounting fees
$1,874
Occupancy
$25,541
Travel
$6,358
Program services (functional)
$3,248,506

Balance sheet and other

Total assets, start of year
$11,088,834
Total assets, end of year
$10,667,311
Total liabilities, end of year
$9,287,524
Net assets, end of year
$1,379,787
Net assets without donor restrictions
$1,379,787
Gross receipts
$2,985,945
Employees
7
Volunteers
10
Year formed
2018
State of legal domicile
OH

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.

NameTitleHours / weekCompensationOther / benefits
GREG PERELKAEXECUTIVE VP OF LENDING OP
Highest-paid employee
40$150,324$33,998
CHRIS WARRENPRESIDENT
Trustee or director, Officer
1$0$0
CAROLYN GALLOWAYVICE PRESIDENT
Trustee or director, Officer
1$0$0
JIM POZNIKTREASURER/SECRETARY
Trustee or director, Officer
1$0$0
DAN LASTDIRECTOR
Trustee or director, Officer
1$0$0
CAROLINE PEAKDIRECTOR
Trustee or director
1$0$0
KATHY HEXTERDIRECTOR
Trustee or director
1$0$0
KRUME STOJANOVSKIDIRECTOR
Trustee or director
1$0$0
MIKE GRIFFINDIRECTOR
Trustee or director
1$0$0
PETER MEISELDIRECTOR
Trustee or director
1$0$0
TERRELL SANDERSDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
GREG PERELKAEXECUTIVE VP OF LENDING OP
Highest-paid employee
40$143,631$31,973
CHRIS WARRENPRESIDENT
Trustee or director, Officer
1$0$0
CAROLYN GALLOWAYVICE PRESIDENT
Trustee or director, Officer
1$0$0
SAHNARA HENDRIXSECRETARY
Trustee or director, Officer
1$0$0
JIM POZNIKTREASURER
Trustee or director, Officer
1$0$0
CAROLINE PEAKDIRECTOR
Trustee or director
1$0$0
KATHY HEXTERDIRECTOR
Trustee or director
1$0$0
KRUME STOJANOVSKIDIRECTOR
Trustee or director
1$0$0
MIKE GRIFFINDIRECTOR
Trustee or director
1$0$0
PETER MEISELDIRECTOR
Trustee or director
1$0$0
TERRELL SANDERSDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2999 PAYNE AVE STE 306, CLEVELAND, OH 44114-4443
In care of
% CHN HOUSING PARTNERS
Mailing address (990-N for 2019)
2999 PAYNE AVE STE 306, CLEVELAND OH 44114
Principal officer (990 for 2024)
KEVIN J NOWAK, 3711 CHESTER AVENUE 100, CLEVELAND, OH 44114
Principal officer (990-N for 2019)
Kevin Nowak, 2999 PAYNE AVE STE 306, CLEVELAND OH 44114
Signed the 990
MARY SMIGELSKI, CHIEF FINANCIAL OFFICER
Phone
(216) 574-7100
Return prepared by
COHEN & CO ADVISORY LLC

Mission

CHN HOUSING CAPITAL IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SERVING LOW-INCOME INDIVIDUALS AND DISTRESSED COMMUNITIES GUIDED BY THE BELIEF THAT HOMEOWNERSHIP SHOULD BE WITHIN EVERYONE'S REACH.

990 for the year ended December 31, 2024

Program accomplishments

  • IN TOTAL, CHN HC CLOSED 59 MORTGAGES IN 2024 (BELIEVE MORTGAGES AND Y16 LOAN PRODUCT). CHN HC'S BELIEVE MORTGAGE HAD 96% OF BORROWERS IDENTIFY AS AFRICAN AMERICAN AND 100% OF APPRAISALS WERE AT OR ABOVE PURCHASE PRICE.
    Expenses $2,701,465 · revenue $719,985
  • IN 2022, CHN HOUSING CAPITAL CONTINUED LENDING OPERATIONS FOR THE LEAD SAFE HOME FUND PROVIDING LOANS TO HELP LANDLORDS OBTAIN LEAD SAFE CERTIFICATION REQUIRED BY THE CITY OF CLEVELAND. THE LEAD SAFE HOME FUND WAS CREATED BY THE LEAD SAFE CLEVELAND COALITION, A GROUP OF OVER 400 ORGANIZATIONS WORKING TO ELIMINATE LEAD POISONING IN CLEVELAND'S AGING HOUSE STOCK.
    Expenses $547,041 · revenue $99,943

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-4300537
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
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P51)
Assets (IRS master file)
$10,667,311
Income (IRS master file)
$2,985,945

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,985,945$3,248,506$10,667,311XML
990December 2023$2,431,806$2,728,727$11,088,834XML
990December 2022$3,226,657$3,180,847$9,677,273IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2019
Officer: Kevin Nowak
December 31, 2019≤ $50,000 receipts––e-Postcard
990-N for 2018
Officer: Kevin J Nowak
December 31, 2018≤ $50,000 receipts––e-Postcard

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 82-4300537).

Questions about CHN HOUSING CAPITAL

What is the EIN of CHN HOUSING CAPITAL?
The employer identification number (EIN) of CHN HOUSING CAPITAL is 82-4300537.
Is CHN HOUSING CAPITAL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to CHN HOUSING CAPITAL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CHN HOUSING CAPITAL 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 CHN HOUSING CAPITAL 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 CHN HOUSING CAPITAL 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 CHN HOUSING CAPITAL?
The 990 for the year ended December 31, 2024 names KEVIN J NOWAK.
Who are the officers and directors of CHN HOUSING CAPITAL?
The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $150,324 (GREG PERELKA, EXECUTIVE VP OF LENDING OP).
How much revenue does CHN HOUSING CAPITAL have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,985,945, expenses of $3,248,506 and total assets of $10,667,311 at year end.

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