PLATINUM2024

COMMUNITY HOUSING AND RESOURCES INC

Affordable Housing.... A key to serving our community

aka CHR   |   Sanibel, FL   |  www.sancapchr.org

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GuideStar Charity Check

COMMUNITY HOUSING AND RESOURCES INC

EIN: 59-2037788


Mission

CHR is a private non profit organization dedicated to providing affordable housing to families and individuals who work and who serve the community of Sanibel and Captiva.

Ruling year info

1981

Executive Director

Nicole Decker-McHale

President of the Board

Roger Grogman

Main address

800 Casa Ybel Rd. Unit 7

Sanibel, FL 33957 USA

Show more contact info

EIN

59-2037788

Subject area info

Community and economic development

Shelter and residential care

Population served info

Young adults

Families

Economically disadvantaged people

People with disabilities

NTEE code info

Other Housing, Shelter N.E.C. (L99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Affiliations

See related organizations info

What we aim to solve

SOURCE: Self-reported by organization

The need our organization, CHR, fulfills is to provide affordable housing to families and individuals who work and who service our island community of Sanibel, Florida. With the rising costs of homes and the increasing investment income that can be obtained from VRBO and AirBNB many island workers, seniors and those in need are being priced out of affordable homes within an hour drive of our community. CHR's goal is to help alleviate the stress of long commutes, to allow our community members in need to live where they work. Statistically it is proven that having a home, provides security, stability and just peace of mind. Providing an affordable home for those in need is the greatest calling. We are proud to have one of the oldest continuous affordable housing programs in the state of Florida here on Sanibel. We have been able to help many people in need over our 42 year history. And plan to continue to provide affordable homes well into the future.

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?

Affordable Housing Rental Program

Affordable rental housing is a critical need on Sanibel. The average rent on Sanibel is over $2,800 a month. Through CHR's housing program the average rent is only $696 a month. Throughout the country, there are cities and towns who do not have affordable homes for the people who work and support their communities.
Today CHR is providing homes for over 150 people including 46 children. Each of our residents could tell a story of their own--stories from island workers who no longer had to commute over an hour to get to their job, stories from island employers who can could rely on better availability of their employees because their staff now live close by, stories from parents who have more time to spend in their homes with their children, stories from students who are receiving a top notch education at the Sanibel School, and on and on. Our residents are very grateful for the opportunity to work and live on Sanibel and volunteer to give back to the agency and community as a whole.

Population(s) Served
Economically disadvantaged people
People with disabilities
Adults
Children and youth

Known as our LEO or Limited Equity Ownership units, this program of CHR allows qualified families and individuals the opportunity of affordable home ownership on Sanibel.

Population(s) Served
Economically disadvantaged people
Families

Today, CHR has 74 rental units for our affordable housing program, however, we consistently have over 25 processed applicants on our waiting list due to the limited availability of affordable housing units. And we note that many other households are in need of affordable housing in our area where the average rental is $2,500 a month and the average home sale in 2018 was over $1,000,000. This year employers on Sanibel are having a difficult time attracting and retaining staff due to low unemployment rate and the limited affordable housing options.

CHR recognizes that the demand has exceeded our supply of affordable housing for the past 3 years. It is time to expand. Our expansion committee is a group of dedicated qualified individuals from the building sector, the finance sector and the legal sector who all volunteer their time to CHR's affordable housing program. The expansion committee is working tirelessly to identify available building sites or repurposing existing buildings for use as affordable housing for our community. These options will require donor support to acquire, build and/or rehabilitate properties to fill the affordable housing need on Sanibel. With your help, we can protect the health and vitality of our community by providing affordable housing for our workforce.

Population(s) Served
Economically disadvantaged people
Young adults

Where we work

Affiliations & memberships

Sanibel Captiva Chamber of Commerce 2022

FGCU Community Partner 2024

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 people no longer living in unaffordable, overcrowded housing as a result of the nonprofit's efforts

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

Families, Widows and widowers, Parents, Economically disadvantaged people

Related Program

Affordable Housing Rental Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Number of people we were able to assist decreased to losing infrastructure in Hurricane Ian.

Number of people in the area with access to affordable housing as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Related Program

Affordable Housing Rental Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Number of people we were able to assist decreased to losing infrastructure in Hurricane Ian.

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.

CHR wants to provide affordable housing to our island community of Sanibel.

Since CHR began in 1979 we have acquired and developed homes throughout Sanibel for our program. We started small and now have 88 units in our affordable housing program. To continue to meet the increasing need of affordable housing on Sanibel, CHR is currently exploring new expansion opportunities. With the limited available buildable land options, the barrier to entry in our community is great.

CHR has 88 homes as part of our affordable housing program. We have 74 rental units in our below market rate housing program and serve the low and moderate income households. We also have 14 homes that are in our limited equity ownership program which, through a ground lease, allows affordable home ownership opportunities to families and individuals.

CHR has provided affordable housing options for families and individuals since 1979. Serving our community of Sanibel with below market rate housing options has been an accomplishment for CHR. Our continued satisfaction of our residents, supporters, community partners and volunteers is another accomplishment. Next for CHR is to expand the number of housing units within our program either through donation, acquisition and/or development. CHR currently has a land donation from a prominent island family supporter. We are in the process of preparing for the building of additional home to be offered at an affordable rate to fulfill our mission to and reduce the need for affordable housing in our community.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We aim to collect feedback from as many people we serve as possible, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback

Financials

COMMUNITY HOUSING AND RESOURCES INC
Fiscal year: Oct 01 - Sep 30

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

2.26

Average of 0.64 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

36.3

Average of 13.5 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

37%

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

COMMUNITY HOUSING AND RESOURCES INC

Revenue & expenses

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

COMMUNITY HOUSING AND RESOURCES INC

Balance sheet

Fiscal Year: Oct 01 - Sep 30

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

COMMUNITY HOUSING AND RESOURCES INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

This snapshot of COMMUNITY HOUSING AND RESOURCES INC’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.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $442,219 $510,742 $625,555 $801,564 $762,310
As % of expenses 52.5% 54.2% 78.5% 104.8% 99.3%
Unrestricted surplus (deficit) after depreciation $161,659 $229,188 $365,075 $561,506 $516,020
As % of expenses 14.4% 18.7% 34.5% 55.9% 50.9%
Revenue composition info
Total revenue (unrestricted & restricted) $1,267,897 $1,468,053 $1,570,047 $1,584,999 $1,590,052
Total revenue, % change over prior year 0.5% 15.8% 6.9% 1.0% 0.3%
Program services revenue 47.1% 42.3% 36.1% 37.5% 46.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.2% 0.7% 0.4% 0.4% 0.4%
Government grants 25.6% 23.2% 22.8% 23.7% 24.8%
All other grants and contributions 23.1% 32.0% 40.3% 36.7% 35.9%
Other revenue 3.9% 1.8% 0.4% 1.7% -7.0%
Expense composition info
Total expenses before depreciation $842,631 $943,012 $796,862 $764,493 $767,551
Total expenses, % change over prior year -4.0% 11.9% -15.5% -4.1% 0.4%
Personnel 33.4% 32.9% 30.2% 31.8% 26.4%
Professional fees 0.2% 0.2% 0.4% 0.2% 0.7%
Occupancy 10.0% 9.4% 11.3% 12.3% 12.2%
Interest 8.6% 7.2% 7.7% 6.2% 3.2%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 47.8% 50.2% 50.4% 49.4% 57.6%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,123,191 $1,224,566 $1,057,342 $1,004,551 $1,013,841
One month of savings $70,219 $78,584 $66,405 $63,708 $63,963
Debt principal payment $59,150 $63,479 $19,563 $724,284 $98,906
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $1,252,560 $1,366,629 $1,143,310 $1,792,543 $1,176,710

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 11.3 15.1 26.6 27.5 36.3
Months of cash and investments 11.3 15.1 26.6 27.5 36.3
Months of estimated liquid unrestricted net assets 4.9 8.3 17.4 17.3 29.4
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $792,670 $1,186,850 $1,767,553 $1,749,311 $2,320,245
Investments $0 $0 $0 $0 $0
Receivables $689 $868 $2,173 $9,831 $307,018
Gross land, buildings, equipment (LBE) $8,206,616 $8,331,813 $8,426,469 $8,557,189 $8,139,893
Accumulated depreciation (as a % of LBE) 47.0% 49.5% 51.9% 53.9% 56.0%
Liabilities (as a % of assets) 37.9% 36.2% 32.6% 21.2% 18.4%
Unrestricted net assets $3,147,947 $3,377,135 $3,742,210 $4,303,716 $4,819,736
Temporarily restricted net assets $84,121 $98,420 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $84,121 $98,420 $246,050 $264,992 $325,183
Total net assets $3,232,068 $3,475,555 $3,988,260 $4,568,708 $5,144,919

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

Executive Director

Nicole Decker-McHale

President of the Board

Roger Grogman

Number of employees

Source: IRS Form 990

COMMUNITY HOUSING AND RESOURCES INC

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

There are no highest paid employees recorded for this organization.

COMMUNITY HOUSING AND RESOURCES INC

Board of directors
as of 03/21/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Roger Grogman

Robert Miller

Erika Steiner

Laura DeBruce

Roger Grogman

Doug Babcock

Sanibel Captiva Beach Resorts

Kate Sergeant

On Island

Shelley Greggs

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
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/21/2024

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
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

The organization's co-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

Gender identity

Transgender Identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 02/21/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.