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Corporation For Supportive Housing

Also Known As: CSH

50 Broadway
17th Fl
New York, NY 10004

www.csh.org

Mission and Programs

Mission

CSH helps communities create permanent housing with services to prevent and end homelessness.

Programs

CSH makes supportive housing understood, available, and effective. We advance our mission by providing high-quality advice and development expertise; by making loans and grants to supportive housing sponsors; by strengthening the supportive housing industry; and by reforming public policy to make it easier to create and operate supportive housing. CSH works with our partners to foster innovative approaches to supportive housing, and then builds awareness and support for these new ideas. CSH has committed more than $201 million in loans and grants to support the creation of 35,000 units of supportive housing. The units in operation have ended homelessness for at least 35,000 adults and children. These accomplishments, and the work ahead of us, are the result of our three core products and services: * Project Specific Assistance: to help create supportive housing through technical and financial assistance. * Capacity and Industry Building Initiatives: to strengthen the supportive housing industry. * Systems Change and Public Policy Reform: to build a robust political, program and financing infrastructure for supportive housing. CSH is a national organization that delivers our core services primarily through twelve geographic hubs: California, Connecticut, the District of Columbia, Illinois, Indiana, Michigan, Minnesota, Ohio, Minnesota, New Jersey, New York, and Rhode Island. CSH also operates targeted initiatives in Kentucky, Maine, Oregon, and Washington, and provides limited assistance to many other communities.

Who We Are

CSH is a national, nonprofit intermediary that helps communities create permanent housing with services to prevent and end homelessness.

NTEE Code

Goals and Results

Accomplishments for Fiscal Year Ending December 31, 2007

  1. Spurred the creation of 4,264 supportive housing units through training and direct assistance.
  2. Committed $29.2 MM in loans to supportive housing project sponsors.
  3. Trained nearly 11,000 individuals, representing 250 agencies, in aspects of supportive housing.

Objectives for Fiscal Year Beginning January 1, 2009

  1. Goal 1: Help create new supportive housing for people experiencing long-term homelessness.
  2. Goal 2: Help maintain and increase funding at the federal, state, and local levels.
  3. Goal 3: Strengthen the industry's ability to develop and maintain high-quality supportive housing.

Chief Executive Profile

As CSH's chief executive officer, Deb DeSantis supervises the senior management team in setting policy and managing the overall programmatic and administrative direction of CSH.

Financial Data

Revenues and Expenses: Fiscal Year Ending December 31, 2007

Revenue
Contributions $10,167,204
Government Grants $0
Program Services $7,801,055
Investments $1,286,727
Special Events $0
Sales $0
Other $762,762
Total Revenue $20,017,748
Expenses
Program Services $18,942,306
Administration $2,584,773
Other $705,252
Total Expenditures $22,232,331
Net Gain/Loss ($2,214,583)

Balance Sheet: Fiscal Year Ending December 31, 2007

Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

  January 1, 2007 December 31, 2007 Change
Assets      
Cash & Equivalent $15,263,243 $25,850,401 $10,587,158
Accounts Receivable $1,223,539 $1,828,246 $604,707
Pledges & Grants Receivable $20,396,381 $16,736,445 ($3,659,936)
Receivables/Other $15,426,807 $22,780,890 $7,354,083
Inventories for Sale or Use $0 $0 $0
Investments/Securities $10,405,041 $21,809,154 $11,404,113
Investments/Other $0 $0 $0
Fixed Assets $281,405 $209,767 ($71,638)
Other $287,558 $301,651 $14,093
Total Assets $63,283,974 $89,516,554 $26,232,580
Liabilities      
Accounts Payable $2,364,230 $3,295,321 $931,091
Grants Payable $3,057,191 $3,269,724 $212,533
Deferred Revenue $0 $0 $0
Loans and Notes $16,798,110 $44,120,000 $27,321,890
Tax-Exempt Bond Liabilities $0 $0 $0
Other $0 $0 $0
Total Liabilities $22,219,531 $50,685,045 $28,465,514
Fund Balance $41,064,443 $38,831,509 ($2,232,934)

Basic Information