CHN Housing Partners

Analysis

CHN Housing Partners is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, CHN Housing Partners reported income of $57.5m and spending of $57.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.1m to $57.5m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CHN Housing Partners sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Eden Housing Inc ($56.1m), Plymouth Housing Group ($60.4m) and Quality Development and Construction Inc ($56.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $1.5m (2.6% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $89.1m against liabilities of $57.9m, net assets of $31.2m. It reported 293 employees.