2026-02-16T18:21:17+00:00 2025-09-30 580692043 Mauldin & Jenkins LLC 200 Galleria Parkway Suite 1700 Atlanta GA 30339 990 2024-10-01 943398998 Community Housing Capital Inc COMM 4043735662 402 E Howard Avenue Decatur GA 30030 Cindy Holler President & CEO 4043735662 2026-02-16 true Mary Jo Alexander P00002534 7709558600 2026-02-16 2024 2025-03-06 01:10:19Z Cindy Holler 402 E Howard Avenue Decatur GA 30030 17761227 false X WWW.COMMUNITYHOUSINGCAPITAL.ORG X 2000 CA MULTIFAMILY AND SINGLE FAMILY DEVELOPMENT, AND INTERIM ACQUISTION & DEVELOPMENT LENDING FOR AFFORDABLE HOUSING PRESERVATION AND DEVELOPMENT FOR THE BENEFIT OF LOW-TO-MODERATE INCOME FAMILIES AND INDIVIDUALS. 15 15 16 16 0 2500000 3315000 11211744 13864160 544906 581079 2000 988 14258650 17761227 0 0 3693090 4000851 0 467708 5313848 5144150 9006938 9145001 5251712 8616226 202947630 196700656 135383788 119756522 67563842 76944134 COMMUNITY HOUSING CAPTIAL'S MISSION IS TO EXPAND THE AVAILABLITY OF QUALITY AFFORDABLE HOUSING BY PROVIDING RELIABLE, INNOVATIVE AND RESPONSIVE LOAN PODUCTS AND SUSTAINABLE LOAN CAPITAL TO THE NEIGBORWORKS NETWORK. false false 7140168 13864160 COMMUNITY HOUSING CAPITAL PROVIDES MORTGAGE LENDING FOR MULTIFAMILY AND SINGLE FAMILY DEVELOPMENT, INTERIM ACQUISTION & DEVELOPMENT AFFORDABLE HOUSING PROJECTS SPONSORED BY NEIGHBORWORKS NETWORK ENTITIES. FOR THE FISCAL YEAR ENDED 9/30/2024. COMMUNITY HOUSING CAPITAL DIRECTLY ORIGINATED $97.28 MILLION IN NEW LOANS WHICH FACILITATED AN ADDITIONAL $199.25 MILLION IN DEVELOPMENT AND CREATED OR REHABILITATED 978 HOUSING UNITS. 7140168 true true false false false false false false true false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 29 0 true 16 true false false false false false false false false false false false false X 15 15 false false false false false false false true true false false false true true true true true true true true false false CA GA X ARIF RIZVI 4043735662 402 E HOWARD AVENUE DECATUR GA 30030 ALAN FERGUSON Vice Chair 1.0 X X 0 0 0 BRAIN ROBINSON TREASURER 1.0 X X 0 0 0 JULIE PORTER CHAIRWOMAN 2.0 X X 0 0 0 BRUCE MARTIN DIRECTOR 1.0 X 0 0 0 CHRIS KREHMEYER Director 1.0 X 0 0 0 DARYL SHORE DIRECTOR 1.0 X 0 0 0 DEBBIE KLEBAN DIRECTOR 1.0 X 0 0 0 DEIDRE SCHMIDT DIRECTOR 1.0 X 0 0 0 DORA GALLO DIRECTOR 1.0 X 0 0 0 Joseph - Weisbord DIRECTOR 1.0 X 0 0 0 KARA HAY DIRECTOR 1.0 X 0 0 0 KENDRA SMITH DIRECTOR 1.0 X 0 0 0 MARY WHITE VASYS DIRECTOR 1.0 X 0 0 0 SEAN SPEAR DIRECTOR 1.0 X 0 0 0 YOLANDA WINSTEAD DIRECTOR 1.0 X 0 0 0 ALVIN SAAFIR SVP/CHIEF CREDIT OFFICER 35.0 X 231263 0 27071 ARIF RIZVI SVP/CHIEF FINANCIAL OFFICE 35.0 X 325205 0 141754 CINDY HOLLER CEO/PRESIDENT 35.0 X 295276 0 178862 DANA CHESTNUT SVP/CHIEF LENDING OFFICER 35.0 X 301393 0 139711 DEBRA TURNER SVP/CHIEF LOAN ADMINIS 35.0 X 221876 0 40969 DONYETTA EDWARDS LOAN OFFICER 35.0 X 165954 0 30530 INGRID AVOTS SENIOR LOAN OFFICER 35.0 X 206093 0 32964 JAN ADAMS VP/CREDIT AMINISTRATION 35.0 X 196407 0 30590 KEIANNA CLEMON SENIOR LOAN ADMINISTRATOR 35.0 X 120115 0 21640 WENDY GILBERT LOAN CLOSER 35.0 X 124349 0 23422 2187931 0 667513 12 false true false 0 800000 2515000 3315000 INTEREST INCOME 525990 11678297 11678297 ORIGINATION FEES 525990 1083855 1083855 New Market Tax Credits 525990 1000000 1000000 Servicing Fees 525990 66096 66096 Application Fee 525990 30000 30000 5912 5912 0 0 13864160 581079 581079 0 0 0 0 REFUNDS AND REIMBURSEMENTS 900099 988 988 0 0 0 0 988 17761227 13864160 0 582067 2167884 1222396 477780 467708 1341312 903929 437383 92667 92667 203362 178298 25064 195626 123244 72382 40811 40811 107742 107742 375949 370225 5724 0 129616 129616 74740 74740 140301 140301 70157 70157 167424 167424 74210 44784 29426 3793906 3793906 44369 44369 90885 90885 MEMBERSHIP FEES 24576 24576 TAXES & LICENSES 3602 3602 Recruiting Expense 3151 3151 OREO EXPENSES 1302 1302 1409 1409 0 0 9145001 7140168 1537125 467708 13753353 14573281 10622416 10242145 45000 50000 0 0 0 0 175573416 168677155 63015 69423 1281058 318451 972360 962607 780700 817600 0 1137370 1308445 202947630 196700656 2361805 5577659 9742556 10543848 0 0 47925169 13820168 75000000 89000000 354258 814847 135383788 119756522 41259778 50430070 26304064 26514064 67563842 76944134 202947630 196700656 X 8616226 0 0 0 0 764066 X false true true true true X 7476265 3590000 9047678 2500000 3315000 25928943 6610208 7912715 10244383 11211747 13864180 49843233 0 0 0 14086473 11502715 19292061 13711747 17179180 75772176 0 0 0 0 0 0 241194 635162 1178546 3997286 4486465 10538653 241194 635162 1178546 3997286 4486465 10538653 65233523 14587 17850 257938 544906 581079 1416360 0 14587 17850 257938 544906 581079 1416360 0 21235 2400 577 2000 988 27200 14122295 11522965 19550576 14258653 17761247 77215736 0.84482 0.82542 0.02 0.01 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - REFUNDS & MISC, COLUMN A - 21235.0, COLUMN B - 2400.0, COLUMN C - 577.0, COLUMN D - 2000.0, COLUMN E - 988.0, COLUMN F - 27200.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 425000 425000 666694 248008 418686 189364 70443 118921 962607 Federal Income Taxes Unfunded loan loss reserve 814847 814847 X 17761227 0 0 17761227 0 0 17761227 8380935 0 0 8380935 764066 764066 9145001 Schedule D, Part IV, Line 2b AS A REQUIREMENT OF CERTAIN LOANS EXTENDED TO BORROWERS, CHC HOLDS SPECIFIC RESERVES AND REPLACEMENT RESERVES IN TRUST FOR THE BORROWER. THE RESERVES ARE REQUIRED TO BE FUNDED AT CERTAIN LEVELS BASED ON THE PROVISIONS OF THE SECURITY AGREEMENT BETWEEN THE BORROWER AND CHC. Schedule D, Part IV, Line 2b Explanation of escrow agreement AS A REQUIREMENT OF CERTAIN LOANS EXTENDED TO BORROWERS, CHC HOLDS SPECIFIC RESERVES AND REPLACEMENT RESERVES IN TRUST FOR THE BORROWER. THE RESERVES ARE REQUIRED TO BE FUNDED AT CERTAIN LEVELS BASED ON THE PROVISIONS OF THE SECURITY AGREEMENT BETWEEN THE BORROWER AND CHC. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote CHC QUALIFIES AS A CHARITABLE ORGANIZATION AS DEFINED BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY, IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A). CHC IS HOWEVER, REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THIS IS AN INFORMATIONAL RETURN ONLY. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. MANAGEMENT EVALUATED CHC'S TAX POSITIONS AND CONCLUDED THAT CHC HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Reverse Contra Expense- Recovery of Loss Provision - 764066 X true true X X X X X false true false false false false false true false CINDY HOLLER CEO/PRESIDENT 279400 0 13500 0 2376 0 158438 0 20424 0 474138 0 0 0 ARIF RIZVI SVP/CHIEF FINANCIAL OFFICE 268881 0 54776 0 1548 0 109198 0 32556 0 466959 0 0 0 DANA CHESTNUT SVP/CHIEF LENDING OFFICER 254336 0 45509 0 1548 0 102332 0 37379 0 441104 0 0 0 ALVIN SAAFIR SVP/CHIEF CREDIT OFFICER 200614 0 26077 0 4572 0 13876 0 13195 0 258334 0 0 0 DEBRA TURNER SVP/CHIEF LOAN ADMINIS 190000 0 29500 0 2376 0 13313 0 27656 0 262845 0 0 0 INGRID AVOTS SENIOR LOAN OFFICER 175831 0 29500 0 762 0 12366 0 20598 0 239057 0 0 0 JAN ADAMS VP/CREDIT AMINISTRATION 171519 0 24750 0 138 0 11754 0 18836 0 226997 0 0 0 DONYETTA EDWARDS LOAN OFFICER 149904 0 15990 0 60 0 9957 0 20573 0 196484 0 0 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees All employees are allowed a Gym reimbursement of $300 which is reimbursed based on receipts and as per policy. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE FOLLOWING INDIVIDUALS PARTICIPATE IN A NONQUALIFIED DEFERRED OMPENSATION PLAN. EMPLOYER CONTRIBUTIONS TO THE PLAN FOR THE YEAR ENDED 9.30.2024 ARE AS FOLLOWS: CINDY HOLLER $ 98,721 ARIF RIZVI $89,067 DANA CHESTNUT $84,249 Schedule J, Part I, Line 7 Non-fixed payments 2024 DISCRETIONARY BONUSES WERE BOARD-APPROVED IN CALENDAR 2024 AND PAID IN CALENDAR 2024 AFTER ACTUAL DETERMINATIONS WERE MADE FOR EACH INDIVIDUAL. THE FOLLOWING BOARD APPROVED 2024 BONUSES WERE PAID or ACCRUED DURING CALENDAR 2024: Cindy Holler , CEO $42,000 ARIF RIZVI, SVP/CHIEF FINANCIAL OFFICER $54,776 DEBRA TURNER, SVP/CHIEF LOAN ADMINISTRATOR $29,500 DANA CHESTNUT, SVP/CHIEF LENDING OFFICER $45,909 DONYETTA EDWARDS, LOAN OFFICER $15,990 INGRID AVOTS, SENIOR LOAN OFFICER $27,652 JAN ADAMS, VP/CREDIT ADMINISTRATION $24,750 KEIANNA CLEMON, SENIOR LOAN ADMINISTRATOR $12,000 WENDY GILBERT, LOAN CLOSER $19,000 Accrued for FY2025 is a pool of board approved bonus funds for $388,000. These bonuses will be paid in calendar 2025. Form 990, Part VI, Line 11b Review of form 990 by governing body THE BOARD REVIEWS AND ACKNOWLEDGES RECEIPT OF FORM 990 PRIOR TO SUBMISSION. Form 990, Part VI, Line 12c Conflict of interest policy CONFLICT OF INTEREST FORMS ARE REQUIRED TO BE COMPLETED ANNUALLY. ANY POTENTIAL CONFLICTS ARE REVIEWED AND RESOLVED BY THE CHAIRMAN OF THE BOARD Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD REVIEWS COMPENSATION ANNUALLY AND DIRECTS THE GOVERNANCE COMMITTEE TO USE COMPARABILITY DATA FROM PRIVATE AND GOVERNMENT SECTOR SOURCES TO SET COMPENSATION LEVELS FOR THE CEO. THE GOVERNANCE COMMITTEE AFTER DISCUSSION, VOTES TO APPROVE COMPENSATION FOR THE CEO AND INFORMS THE BOARD OF ITS DECISIONS. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE BOARD REVIEWS COMPENSATION ANNUALLY AND DIRECTS THE CEO TO USE COMPARABILITY DATA FROM PRIVATE AND GOVERNMENT SECTOR SOURCES TO SET COMPENSATION LEVELS FOR ALL POSITIONS IN THE COMPANY. THE BOARD APPROVES A PERFORANCE-BASED BONUS POOL FOR THE YEAR BASED ON A COMPARABLITY ANALYSIS AND AFTER DISCUSSION, THE BOARD VOTES TO APPROVE THE SIZE OF THE BONUS POOL. THE CEO IS THEN DIRECTED TO AWARD COMPENSATION AND BONUSES FOR ALL POSITIONS IN THE COMPANY BASED UPON PERFORMANCE APPRAISALS. Form 990, Part VI, Line 19 Required documents available to the public DOCUMENTS ARE AVAILABLE UPON REQUEST Form 990, Part VIII, Line 2f Other Program Service Revenue - Total Revenue: 912, Related or Exempt Function Revenue: 912, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; user fee - Total Revenue: 5000, Related or Exempt Function Revenue: 5000, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Recovery of Loss Provision - 764066; Total - 764066; Form 990, Part XII, Line 2c THE PROCESS FOR AUDITOR SELECTION AND OVERSIGHT HAS NOT CHANGED FROM THE PRIOR YEAR.