PLATINUM2023

CHN Housing Partners

The Power of a Permanent Address.

aka CHN   |   Cleveland, OH   |  www.chnhousingpartners.org

Learn how to support this organization
GuideStar Charity Check

CHN Housing Partners

EIN: 34-1346763


Mission

To leverage the power of affordable, stable housing to change lives and improve communities.

Ruling year info

1981

President & CEO

Mr. Kevin James Nowak

Main address

2999 Payne Ave Suite 134

Cleveland, OH 44114 USA

Show more contact info

Formerly known as

Cleveland Housing Network Inc.

EIN

34-1346763

Subject area info

Housing development

Community development finance

Financial counseling

Rent and mortgage assistance

Utility expense assistance

Population served info

Adults

Families

Economically disadvantaged people

NTEE code info

Housing Development, Construction, Management (L20)

Financial Counseling, Money Management (P51)

Energy Resources Conservation and Development (C35)

What we aim to solve

SOURCE: Self-reported by organization

The cost of housing in the US has steadily risen over the past two decades while median household incomes remain relatively stagnant. As a result, we have a shortage of nearly seven million affordable housing units and only 25% of eligible households receive housing assistance. While this affordable housing crisis is concentrated in hot market cities, the midwestern legacy cities where CHN concentrates its operations (Cleveland, Detroit, Pittsburgh, Buffalo) face their own substantial housing crises. In Ohio, a single parent needs to work 74 hours per week at minimum wage to afford a modest two bedroom apartment, and 83% of extremely low-income households experience housing cost burden. Our hometown of Cleveland has the highest poverty rate (30.8%) among large U.S. cities, an eviction rate 2% higher than the national average, and an aging housing stock (79% built pre-1960) that puts households at risk of lead poisoning, displacement, and housing instability.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Real Estate Development & Affordable Housing

CHN develops and manages multi- and single-family homes for low-income families, seniors, individuals with disabilities, and people experiencing homelessness in Cuyahoga County. Additionally, we offer services and consulting for organizations in Ohio, Michigan, New York, and Pennsylvania; areas of expertise include development, general contracting, construction, property and asset management, and LIHTC (Low-Income Housing Tax Credits).

Population(s) Served
Economically disadvantaged people

Through decades-long partnerships with utility companies and public agencies, CHN provides over $15 million in energy-efficient products and services annually (weatherization and electric, water, and sewer conservation) to help make homes safer and more affordable. We complete 7,000 jobs each year through a 22-county Ohio territory. Further, we have an Energy Hotline providing unbiased help to families throughout Ohio as they choose their electric supplier.

Population(s) Served
Economically disadvantaged people

In partnership with government and utility companies, CHN provides utility bill and crisis assistance to 30,000+ Cuyahoga County families annually. We work with Community Development Corporations and other community partners to bring services directly to neighborhoods experiencing high demand. This includes distributing COVID-19 emergency rental assistance in partnership with local municipalities and service organizations. From March 2020 through August 2021, CHN has deployed $39M of assistance to nearly 9,700 families in need.

Population(s) Served
Economically disadvantaged people

Annually, CHN serves over 4,000 low-income Cuyahoga County families through personal finance management, homebuyer readiness, foreclosure and eviction prevention, Earned Income Tax Credit (EITC) tax preparation, digital literacy training, and broadband access.

Population(s) Served
Economically disadvantaged people

Through collaborations with local youth agencies and CHN stakeholders, we provide youth living in our Lease Purchase and multi-family housing with leadership, community building, and employment opportunities. Currently, we are building out this line of business to incorporate additional year-round opportunities for growth and professional development.

Population(s) Served
Economically disadvantaged people

Since 2010, CHN has self-financed its homebuyers and built expertise in originating, servicing, and supporting loans to people who do not meet traditional bank underwriting criteria. CHN Housing Capital, CHN’s emerging Community Development Financial Institution, was formed to provide scalable access to capital for communities of color, low-to-moderate income (LMI) homebuyers, and homebuyers in low-income census tracts of Cuyahoga County. Relatedly, CHN was an implementing member of LSCC, a group of 200+ organizations convening to make Cleveland’s aging housing stock lead safe. CHN was selected as the administrator of this city-wide, City-supported initiative’s Lead Safe Home Fund, which is now fully operational. By fostering partnerships and aligning with City and County housing plans, we have helped change the conversation and unite a common intention to rebuild neighborhoods, provide LMI families with equal opportunity, and further equity and social justice throughout Greater Cleve

Population(s) Served
Economically disadvantaged people
Economically disadvantaged people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of housing units built

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Related Program

Real Estate Development & Affordable Housing

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

CHN has developed over 7,000 homes in Greater Cleveland, Ohio since 1981. Our development work has recently expanded to other markets in Michigan, Pennsylvania, and New York – with a focus on Detroit.

Number of tax returns completed by volunteers

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Related Program

Counseling & Education

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Number of low-income households who have received utilities assistance to keep the lights, heat and/or water on in their homes

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Related Program

Utility & Rental Assistance

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Number of low-income households who received utility assistance.

Number of clients served

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Number of low-income households receiving affordable housing or housing related services to help them achieve and maintain economic self-sufficiency.

Dollars saved in tax preparation fees

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Related Program

Counseling & Education

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

CHN works to combat housing barriers through a coordinated continuum of housing services that helps households: 1) address immediate crises, such as evictions and emergency repairs; 2) achieve medium-term stability, through services like financial education and utility reduction programs; and 3) pursue long-term enrichment through sustainable homeownership and wealth building. We target our resources to help low-to-moderate income households and households of color (particularly Black households) who disproportionately experience barriers to housing stability, with the goal of fostering equity throughout the communities we serve.

Goal 1 - Affordable Housing Opportunities: CHN will be a partner of choice in addressing the affordable housing needs of Cleveland and surrounding areas, including through development and lending services.

Goal 2 - Housing Stability: CHN clients will have improved housing stability through reduced housing expenses and connections to housing related services.

Goal 3 - Resident Success: New strategies will be in place to help families achieve financial stability and economic security.

Goal 4 - Neighborhood Vitality: CHN will be a fully engaged partner in comprehensive neighborhood transformation strategies.

Goal 5 - Network Synergy & Partnerships: New partnerships will be in place that address major challenges facing the community development sector, the City of Cleveland, and our surrounding communities.

Goal 6 - Financial & Organization Sustainability: CHN will have sustained and improved its long-term financial strength and capacity to continue to make a meaningful impact.

Goal 1 - Affordable Housing Opportunities: Develop and manage multiple types of quality, healthy, affordable, energy-efficient housing to meet the needs of residents and communities. Provide lending products to underserved households and neighborhoods.

Goal 2 - Housing Stability: Pursue programs and strategies that improve the health, safety, and stability of homeowners and renters.

Goal 3 - Resident Success: Expand resident engagement in financial and technological literacy, and the overall capacity of low- and moderate-income individuals & families to succeed.

Goal 4 - Neighborhood Vitality: Engage in multi-sector partnerships to build communities of choice and make positive difference in the future of the City of Cleveland and its inner ring suburbs.

Goal 5 - Network Synergy & Partnerships: Form and sustain trusted, effective, broad-based partnerships to leverage expertise and develop solutions to solve major issues facing Cleveland and surrounding communities.

Goal 6 - Financial & Organization Sustainability: Ensure CHN's long-term financial strength and capacity to continue to make a meaningful impact.

CHN is the nation's largest single-family affordable housing developer through the use of the Low Income Housing Tax Credit. With over 220 staff, we have 40 years of experience in affordable housing development and housing stability services in Cleveland, throughout Ohio, and now extending to neighboring states. We build, renovate, and repurpose properties ranging from single-family homes to occupied or troubled buildings. Our strengths include:

40-year Track Record of Success: CHN has built a reputation for collaboration, creative problem solving and providing quality, affordable living for low-to-moderate income (LMI) families, seniors and the disabled. Our work includes development of over 7,000 affordable housing units and helping over 2,700 households achieve homeownership.

Nationally Recognized Developer: CHN's single-family work focuses on our nationally replicated Lease Purchase program, a program tied to Low Income Housing Tax Credits that provides a pathway to home ownership for low–income families. We have helped more than 1,000 low-income families achieve the American Dream through this program. More importantly, 98% are successful as homeowners.

We are data driven: We use extensive data tracking and analysis to inform our work in the community. For example, we have helped our own residents reduce more than $1,300,000 in derogatory debt and improve their credit scores by an average 53 points, among other financial improvements.

Collaboration: We work to achieve scale and impact through collaborations. Through our partnerships with many public and private organizations, we deliver roughly 20 housing and financial stability services to over 50,000 low-income families annually. For example, our collaboration with Enterprise Community Partners through the Housing First collaborative has helped Cuyahoga County achieve functional zero – an important step in ending chronic homelessness in the region.

Since 1981 CHN has developed 7,000 affordable homes and helped 3,200 low-income families achieve home ownership. We help over 60,000 low-income families improve their housing stability each year. Among our families who become homeowners, 98% remain stable in their housing post-purchase (we track them for 5 years). We have helped our own residents decrease over $1,300,000 in debt and improve credit by an average of 53 points.

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.69

Average of 0.39 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

4.2

Average of 3.5 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

15%

Average of 29% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

CHN Housing Partners

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

CHN Housing Partners

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

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 survive long, but the types of assets and liabilities must also 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.

Fiscal year ending: cloud_download Download Data

CHN Housing Partners

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of CHN Housing Partners’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $106,603 -$1,395,495 $2,878,044 $3,208,284 $1,327,024
As % of expenses 0.3% -3.9% 6.0% 3.6% 1.4%
Unrestricted surplus (deficit) after depreciation $92,505 -$1,420,493 $2,854,029 $3,179,619 $1,301,517
As % of expenses 0.3% -4.0% 5.9% 3.6% 1.4%
Revenue composition info
Total revenue (unrestricted & restricted) $34,142,545 $34,094,906 $51,201,852 $91,427,214 $96,765,615
Total revenue, % change over prior year 4.9% -0.1% 50.2% 78.6% 5.8%
Program services revenue 38.9% 28.7% 30.7% 15.6% 19.8%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 3.4% 2.5% 1.7% 0.9% 0.7%
Government grants 26.7% 30.5% 33.3% 57.6% 58.1%
All other grants and contributions 28.8% 34.2% 27.7% 23.3% 19.8%
Other revenue 2.2% 4.1% 6.5% 2.7% 1.6%
Expense composition info
Total expenses before depreciation $34,035,942 $35,367,768 $48,274,388 $88,218,930 $95,438,591
Total expenses, % change over prior year 7.3% 3.9% 36.5% 82.7% 8.2%
Personnel 34.5% 35.6% 28.8% 19.0% 19.8%
Professional fees 3.2% 3.1% 2.4% 2.1% 2.4%
Occupancy 3.6% 3.7% 2.5% 2.1% 2.4%
Interest 0.4% 0.5% 0.2% 0.3% 0.2%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 58.3% 57.2% 66.1% 76.5% 75.2%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $34,050,040 $35,392,766 $48,298,403 $88,247,595 $95,464,098
One month of savings $2,836,329 $2,947,314 $4,022,866 $7,351,578 $7,953,216
Debt principal payment $1,194,348 $2,528,299 $0 $2,757,037 $0
Fixed asset additions $49,935 $0 $40,637 $0 $0
Total full costs (estimated) $38,130,652 $40,868,379 $52,361,906 $98,356,210 $103,417,314

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 3.6 3.9 3.8 2.3 4.2
Months of cash and investments 6.5 6.5 5.5 3.3 5.1
Months of estimated liquid unrestricted net assets 8.5 7.7 6.3 3.9 3.8
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $10,126,576 $11,594,737 $15,243,094 $17,011,155 $33,539,037
Investments $8,262,136 $7,563,338 $7,075,433 $7,073,308 $7,073,509
Receivables $34,590,379 $32,273,819 $32,458,254 $36,225,024 $39,572,052
Gross land, buildings, equipment (LBE) $788,625 $804,714 $845,351 $848,654 $859,089
Accumulated depreciation (as a % of LBE) 90.1% 91.4% 89.9% 91.7% 94.8%
Liabilities (as a % of assets) 61.4% 61.1% 62.0% 60.4% 67.4%
Unrestricted net assets $24,076,123 $22,655,630 $25,509,659 $28,689,278 $29,990,795
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $825,000 N/A N/A N/A N/A
Total restricted net assets $825,000 $825,000 $825,000 $825,000 $825,000
Total net assets $24,901,123 $23,480,630 $26,334,659 $29,514,278 $30,815,795

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President & CEO

Mr. Kevin James Nowak

Kevin J. Nowak joined CHN in April 2016 as General Counsel and Director of Strategic Initiatives. In 2019, he became CHN’s Executive Director. Prior to joining CHN, Kevin was the National Equity Investment Manager of Key Community Development Corporation, a wholly owned subsidiary of KeyBank. In his position, Kevin was responsible for both the new acquisition of community development investments and the asset management of KCDC’s $1B investment portfolio. Kevin’s experience in community and economic development includes the full spectrum of deal structuring and financing, including tax credit and non-tax credit financed affordable housing, projects financed with new markets tax credits, historic tax credits and energy tax credits, investments in small business investment companies, CDFIs and civic loan funds and equity equivalent finance.

Number of employees

Source: IRS Form 990

CHN Housing Partners

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

CHN Housing Partners

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

CHN Housing Partners

Board of directors
as of 11/28/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Chris Warren

Retired, City of Cleveland Mayor’s Office

Term: 2021 - 2023

Krume Stojanovski

Krume & Associates

Carolynn Galloway

Better Together Solar

Sahnara Hendrix

U.S. Dept. of Veteran Affairs

Peter Meisel

Carnegie Companies, Inc.

Michael Griffin

National Development Council

Loretta Hunter

Retired

Carolyn Peak

Cleveland Public Library

Gary Sardon

G. Sardon Companies

George Palda

Attorney

Scott Nagy

Manufacturing (NPA Coatings)

Chris Warren

retired, Cleveland Mayor's Office

Andy Trares

May Dugan Center

Michael Sering

Lutheran Metropolitan Ministries

Nick DiSanto

J.P. Morgan

Cathryn Greenwald

Thompson Hine LLP

Kathy Hexter

Retired, Cleveland State University

Jim Poznik

National Development Council

Maggie Rivera

U.S. Bank

Kandis Williams

Cleveland Neighborhood Progress

Roy Matthews

Provide-A-Ride

Denise Casino

Frontline Service

Rev. Jimmy Gates, Sr.

Zion Hill Missionary Baptist Church

Dan Last

Key Community Development Corp.

Seronica Powell

National African American Tobacco Prevention Network

Michael Schoop

Scope Unlimited

Micheala Roby

MetroHealth Medical Center

Tearra Smith

PNC Bank

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes

Organizational demographics

SOURCE: Self-reported; last updated 10/26/2020

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.