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CHN'S MISSION IS TO LEVERAGE THE POWER OF AFFORDABLE HOUSING TO IMPROVE LIVES AND COMMUNITIES.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$57.3M
Program Spending
89%
of total expenses go to program services
Total Contributions
$38.6M
Total Expenses
▼$55.4M
Total Assets
$85.1M
Total Liabilities
▼$52M
Net Assets
$33.1M
Officer Compensation
→$1.4M
Other Salaries
$16.3M
Investment Income
$430K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$5.2M
Awards Found
5
Department of the Treasury
$3.4M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of Housing and Urban Development
$1.5M
ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS
Department of Health and Human Services
$312K
ASSETS FOR INDEPENDENCE (AFI) DEMONSTRATION PROGRAM
Department of Housing and Urban Development
-$784
SUPPORTIVE HOUSING PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Years audited
10
Clean years
8
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditurecombined across all audits filed that year | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Minor Findings | Unmodified (Clean) | $17.6M | Yes | 2026-08-26 |
| 2024 | Minor Findings | Unmodified (Clean) | $14.6M | Yes | 2025-07-25 |
| 2023 | Clean | Unmodified (Clean) | $17.1M | Yes | 2024-07-17 |
| 2022 | Clean | Unmodified (Clean) | $58.5M | Yes | 2023-08-02 |
| 2021 | Clean | Unmodified (Clean) | $56.5M | Yes | 2022-07-06 |
| 2020 | Clean | Unmodified (Clean) | $18M | Yes | 2021-07-21 |
| 2019 | Clean | Unmodified (Clean) | $6.4M | Yes | 2020-07-13 |
| 2018 | Clean | Unmodified (Clean) | $4.8M | Yes | 2019-07-01 |
| 2017 | Clean | Unmodified (Clean) | $5.9M | Yes | 2018-06-21 |
| 2016 | Clean | Unmodified (Clean) | $4.8M | Yes | 2017-07-10 |
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$17.6M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$14.6M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$17.1M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$58.5M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$56.5M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$18M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$6.4M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4.8M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$5.9M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4.8M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $57.3M | $38.6M | $55.4M | $85.1M | $33.1M |
| 2023IRS e-File | $57.5M | $35.3M | $57.1M | $89.1M | $31.2M |
| 2022 | $96.8M | $75.4M | $95.5M | $94.5M | $30.8M |
| 2021 | $91.4M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Kevin J Nowak | President And CEO | 40 | $262.8K | $0 | $28.7K | $291.4K |
| Mary Smigelski | Chief Financial Officer | 40 | $215.9K | $0 | $21K | $236.9K |
| Janet Reed-James | Chief Human Resource Offic | 40 | $209K | $0 | $25.5K | $234.4K |
| John Miller | Chief Operating Officer | 40 | $187.4K | $0 | $25.5K | $213K |
| Mark Whipkey | Chief Of Asset Management | 40 | $188.5K | $0 | $20.3K | $208.8K |
| Mary Cavanaugh | Chief Legal And Compliance Officer | 40 | $168.9K | $0 | $17K | $185.9K |
| Chris Warren | Trustee/chair | 2 | $0 | $0 | $0 | $0 |
| Carolynn Galloway | Trustee/vice Chair | 2 | $0 | $0 | $0 | $0 |
| Sahnara Hendrix-Arney | Trustee/secretary | 2 | $0 | $0 | $0 | $0 |
| Jim Poznik | Trustee/treasurer | 2 | $0 | $0 | $0 | $0 |
Kevin J Nowak
President And CEO
$291.4K
Hrs/Wk
40
Compensation
$262.8K
Related Orgs
$0
Other
$28.7K
Mary Smigelski
Chief Financial Officer
$236.9K
Hrs/Wk
40
Compensation
$215.9K
Related Orgs
$0
Other
$21K
Janet Reed-James
Chief Human Resource Offic
$234.4K
Hrs/Wk
40
Compensation
$209K
Related Orgs
$0
Other
$25.5K
John Miller
Chief Operating Officer
$213K
Hrs/Wk
40
Compensation
$187.4K
Related Orgs
$0
Other
$25.5K
Mark Whipkey
Chief Of Asset Management
$208.8K
Hrs/Wk
40
Compensation
$188.5K
Related Orgs
$0
Other
$20.3K
Mary Cavanaugh
Chief Legal And Compliance Officer
$185.9K
Hrs/Wk
40
Compensation
$168.9K
Related Orgs
$0
Other
$17K
Chris Warren
Trustee/chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Carolynn Galloway
Trustee/vice Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sahnara Hendrix-Arney
Trustee/secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Jim Poznik
Trustee/treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Andrew Bailey | Vice President/real Estate Development | 40 | $202.5K | $0 | $6,736 | $209.3K |
| Rochelle Ensley | Vice President/property Management | 40 | $158.5K | $0 | $24.5K | $182.9K |
| Jason Headen | Vice President/detroit Mar | 40 | $173.6K |
Andrew Bailey
Vice President/real Estate Development
$209.3K
Hrs/Wk
40
Compensation
$202.5K
Related Orgs
$0
Other
$6,736
Rochelle Ensley
Vice President/property Management
$182.9K
Hrs/Wk
40
Compensation
$158.5K
Related Orgs
$0
Other
$24.5K
Jason Headen
Vice President/detroit Mar
$180.6K
Hrs/Wk
40
Compensation
$173.6K
Related Orgs
$0
Other
$6,978
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Caroline Peak | Trustee | 2 | $0 | $0 | $0 | $0 |
| Cathryn Greenwald | Trustee | 2 | $0 | $0 | $0 | $0 |
| Cheri Smith | Trustee | 2 | $0 | $0 | $0 | $0 |
| Dan Last | Trustee | 2 | $0 | $0 | $0 | $0 |
| David Roney | Trustee | 2 | $0 | $0 | $0 | $0 |
| Gary Sardon | Trustee | 2 |
Caroline Peak
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Cathryn Greenwald
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Cheri Smith
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $73.9M |
| $88.2M |
| $74.5M |
| $29.5M |
| 2020 | $51.2M | $31.2M | $48.3M | $69.3M | $26.3M |
| 2019 | $34.1M | $22.1M | $35.4M | $60.3M | $23.5M |
| 2018 | $34.1M | $18.9M | $34.1M | $64.5M | $24.9M |
| 2017 | $32.5M | $21.3M | $31.8M | $65.1M | $24.8M |
| 2016 | $31.9M | $20.3M | $29.9M | $64.7M | $24M |
| 2015 | $26.5M | $16.1M | $26.2M | $64.6M | $22M |
| 2014 | $23M | $12.8M | $22.1M | $60M | $21.6M |
| 2013 | $30M | $15.8M | $30.8M | $63.7M | $20.7M |
| 2012 | $33.8M | $21.7M | $34.5M | $68.7M | $21.9M |
| 2011 | $43.1M | $23.6M | $41.3M | $69.3M | $22.6M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $6,978 |
| $180.6K |
| Kate Carden | Vice President/programs | 40 | $163.5K | $0 | $12.3K | $175.8K |
| Robin Holmes | Vice President/construction | 40 | $153.8K | $0 | $16.5K | $170.3K |
Kate Carden
Vice President/programs
$175.8K
Hrs/Wk
40
Compensation
$163.5K
Related Orgs
$0
Other
$12.3K
Robin Holmes
Vice President/construction
$170.3K
Hrs/Wk
40
Compensation
$153.8K
Related Orgs
$0
Other
$16.5K
| $0 |
| $0 |
| $0 |
| $0 |
| Jaime Declet | Trustee | 2 | $0 | $0 | $0 | $0 |
| Kathy Hexter | Trustee | 2 | $0 | $0 | $0 | $0 |
| Krume Stojanovski | Trustee | 2 | $0 | $0 | $0 | $0 |
| Loretta Hunter | Trustee | 2 | $0 | $0 | $0 | $0 |
| Maggie Rivera | Trustee | 2 | $0 | $0 | $0 | $0 |
| Mike Griffin | Trustee | 2 | $0 | $0 | $0 | $0 |
| Mike Sering | Trustee | 2 | $0 | $0 | $0 | $0 |
| Nick Disanto | Trustee | 2 | $0 | $0 | $0 | $0 |
| Peter Meisel | Trustee | 2 | $0 | $0 | $0 | $0 |
| Rev Jimmy Gates Sr | Trustee | 2 | $0 | $0 | $0 | $0 |
| Terrell Sanders | Trustee | 2 | $0 | $0 | $0 | $0 |
Dan Last
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
David Roney
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Gary Sardon
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Jaime Declet
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Kathy Hexter
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Krume Stojanovski
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Loretta Hunter
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Maggie Rivera
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Mike Griffin
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Mike Sering
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Nick Disanto
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Peter Meisel
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Rev Jimmy Gates Sr
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Terrell Sanders
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0