Colorado Housing Assistance Corporation
Colorado Housing Assistance Corporation
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About this organization
Mission
Colorado Housing Assistance Corporation (CHAC) was established in 1982 to further the development of affordable housing by offering programs that create and preserve homeownership for low and moderate income families, prevent displacement of long-term neighborhood residents, stabilize neighborhoods, and introduce innovative ways to mobilize private and public investment to achieve these goals CHAC activities include originating and servicing second mortgage loans and grants
About
Loan servicing for the loans originated with the first time homebuyer and foreclosure prevention loan programs.
Interesting data from their 2020 990 filing
The non-profit's aim, as stated in the filing, is “Colorado housing assistance corporation (chac) was established in 1982 to help make housing and successful homeownership affordable to low and moderate income coloradans by offering programs that create and preserve homeownership, prevent displacement (continued schedule o) (continued) of long-term neighborhood residents, stabilize neighborhoods, and introduce innovative ways to mobilize private and public investment to achieve these goals. chac activities include originating and servicing second mortgage loans and grants, and counseling and education to increase and maintain home ownership opportunities throughout the state of colorado.”.
When referring to its actions, they were outlined as: “Provide education, counseling and financial assistance to low and moderate income homeowners.”.
- The non-profit has complied with legal obligations by reporting their state of operation as CO.
- The non-profit's address in 2020 is noted in the filing as 670 Santa Fe Dr, Denver, CO, 802044427.
- The non-profit's form for 2020 reports a total of 6 employees.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $375,535.
- The organization has 10 independent voting members.
- The organization was formed in 1982.
- The organization pays $445,932 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.