990 Return ofOrganization ExemptFromIncomeTax 1...

Form 990

Department of the TreasuryInternal Revenue Service

Return of Organization Exempt From Income TaxUnder section 501 (c), 527, or 4947(a)(1) of the Internal Revenue Code

(except black lung benefit trust or private foundation)

► The organization may have to use a copy of this return to s a t i s fy state reportin g requirements

For the 2008 calendar year , or tax year beginning Jul 1 , 2008 , and ending Jun 30 . 2009B Check if applicable C Name of organ i zation

Please useAddress change IRS label Community Housing Resource Center

or prIe.Number and street or P O box if mail is not delivered to street addr) Room/s^Name change or type. (

SeeInitial return specific 2700 NE Andresen Rd D-3

Instruc -Termination lions. Ci4', town or count ry State ZIP code + 4

Amended return Vancouver

FlApplication pending F Name and address of principal officer

Marcel Goulet 1452 Hudson Street Long

I Tax-exempt status IX 1501(c) (3 (Insert no.) I

J Website: ► N/A

K Type of organization W Corporation Trust Association [7 Other

OMB No 1545-0047

1 2008Open to Public

WA 98661 G Gross receipts $ 334,616.H(a) Is this a group return for affiliates? H Yes X No

lew WA 98632 H(b) Are all affiliates included' Yes No

47(a)(1' or 1-1 527If 'No,' attach a list (see instructions)

L Year of

number ►

M State of leoal domicile WA

1 Briefly describe the organization's mission or most significant activities: Community Housing Resource Center------ -0

_--- -------

-works toProvideqaliyeducatio_n_a_nd_c_o_uns_e_li_n_g services which help to increase o2portunitiescC and.access to community resources for people whostrive to create financial_security,_--- ------ -----E housing stability or homeowner ship for themselves nand their famililes. See attached exhibit for full descripti on----- - ------------------------------------

2 Check this box ► 11 if the organization discontinued its operations or disposed of more than 25% of its assets.3 Number of voting members of the governing body (Part VI, line 1a) 3 84 Number of independent voting members of the governing body (Part VI, line 1 b) 4 85 Total number of employees (Part V, line 2a) 5 66 Total number of volunteers (estimate if necessary) 6 407a Total gross unrelated business revenue from Part VIII, line 12, column (C) 7a 0.b Net unrelated business taxable income from Form 990-T, line 34 7b

Prior Year Current Yearm 8 Contributions and grants (Part VIII, line 1h) 286,511.

9 Program service revenue (Part VIII, line 2g) 37,750.10 Investment Income (Part VIII, column (A), lines 3, 4, and 7d) 0.

11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 9,300.12 Total revenue - add lines 8 throu g h 11 (must eq ual Part VIII, column (A) , line 12) 333,561.

13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) 0.

14 Benefits paid to or for members (Part IX, column (A), line 4) 0.

15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 191,639.

16a Professional fundraising fees (Part IX, column (A), line Ile)

b Total fundraising expenses (Part IX, column (D), line 25) ► 22, 036.

17 Other expenses (Part IX, column (A), lines 1la-11d, 1lf-24f) 65,416.

18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) 257,055.

19 Revenue less ex penses Subtract line 18 from line 1 76,506.

Beg in inof Year End of Year

20 Total assets (Part X, line 16) 0 149,780. 214,130.U)21 Total liabilities (Part X, line 26)

FEB40 0916,744. 21,232.2010

22 Net assets or fund balances Subtract line 21 from In-e0 133,036. 192,898.Part II Sig nature Block L

Pali 0:;;ii Fa

, in rLq c fles an statements , and to the best of my knowledge and belief, it isUnder Ides 0 f pmerlu I de e t have examined this r t rne c ratte n f reparer her than of Aral which eparer has any knowledge^true4pted

e Sign ► D i1 /DHere ignature of officer

► Marcel GouletType or print name and title

PaidPreparer's

Pre- signature ►

sparer'sFirm's name (or NORTHWEST ACCOUNTING SER

`"Use yours if self-Only employed ), ► 32116 NE DIAL RD

address. andZIP + 4 CAMAS

May the IRS discuss this return with the preparer shown above? (s

D Employer Identification Number

91-1641351E Telephone number

(360) 690-4496

BAA For Privacy Act and Paperwork Reduction Act Notice, see the

Form 990 2008 Communit Housing Resource Center 91-1641351 Part III Statement of Program Service Accomplishments (see instructions)

1 Briefly describe the organization's mission-

Community_Housing_Resource Center--------------------------------------------------

works to provide quality education and counseling services-which help to increase opportunities------ -- ------------ ---------- ----- ----See Form 990 , Page 2 , Part III, Line 1 (continued) ------------------------------------------

2 Did the organization undertake any significant program services during the year which were not listed on the prior

Form 990 or 990 -177? Yes nX No

If 'Yes,' describe these new services on Schedule 0.

3 Did the organization cease conducting , or make significant changes in how it conducts , any program services? Yes XJ No

If 'Yes,' describe these changes on Schedule 0.

4 Describe the exempt purpose achievements for each of the organization ' s three largest program services by expenses. Section 501 (c)(3)and 501 (c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the totalexpenses , and revenue , if any, for each program service reported

4a (Code . ) (Expenses $ 184,154. including grants of $ 0. ) (Revenue $ 37,750.Developing and conducting-various programs to assist-in homeownershia opportunities.

------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

4b (Code ) (Expenses

4c (Code ) (Expenses

including grants of

including grants of $

)(Revenue

)(Revenue

4d Other program services . (Describe in Schedule 0.)

(Expenses $ including grants of $ ) (Revenue $

4e Total program service expenses ► $ 184,154. (Must equal Part IX, Line 25, column (23))

BAA TEEAO1O2 12/24108 Form 990 (2008)

Form 990 2008 Community Housing Resource Center 91-1641351 Pag e 3Part IV Checklist of Required Schedules

• 1 Is the organization described in section 501 (c)(3) or 4947(a)(1) (other than a private foundation)' If 'Yes,' completeSchedule A 1 X

2 Is the organization required to complete Schedule B, Schedule of Contributors' 2 X

3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidatesfor public office? If 'Yes,' complete Schedule C, Part 1 3

4 Section 501 (cx3) organizations Did the organization engage in lobbying activities? If 'Yes,' complete Schedule C, Part lI 4

5 Section 501 (cx4), 501 (cx5), and 501 (cx6) organizations . Is the organization subject to the section 6033(e) notice andreporting requirement and proxy tax? If 'Yes,' complete Schedule C, Part 111

6 Did the organization maintain any donor advised funds or any accounts where donors have the right to provide adviceon the distribution or investment of amounts in such funds or accounts? If 'Yes,' complete Schedule D, Part

7 Did the organization receive or hold a conservation easement, including easements to preserve open space,

I

theenvironment, historic land areas or historic structures? If 'Yes,' complete Schedule D, Part ll

8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If 'Yes,'complete Schedule D, Part ///

9 Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X;or provide credit counseling, debt management, credit repair, or debt negotiation services? If 'Yes,' completeSchedule D, Part IV

10 Did the organization hold assets in term, permanent, or quasi-endowments? If 'Yes,' complete Schedule D, Part V

11 Did the organization report an amount in Part X, lines 10, 12, 13, 15, or 25? If 'Yes,' complete Schedule D, Parts VI,V/l, Vlll, IX, or X as applicable

12 Did the organization receive an audited financial statement for the year for which it is completing this return that wasprepared in accordance with GAAP' If 'Yes,' complete Schedule D, Parts XI, Xll, and Xlll

13 Is the organization a school described in section 170(b)(1)(A)(n)' If 'Yes,' complete Schedule E

14a Did the organization maintain an office, employees, or agents outside of the U S.''

b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising,business, and program service activities outside the U.S.? If 'Yes,' complete Schedule F, Part

15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assista

I

nce to any organizationor entity located outside the United States? If 'Yes,' complete Schedule F, Part ll

16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance toindividuals located outside the United States? If 'Yes,' complete Schedule F, Part ///

17 Did the organization report more than $15,000 on Part IX, column (A), line 11 e? If 'Yes,' complete Schedule G, Part I

18 Did the organization report more than $15,000 total on Part VIII, lines lc and 8a'' If 'Yes,' complete Schedule G, Part lI

19 Did the organization report more than $15,000 on Part VIII, line 9a' If 'Yes,' complete Schedule G, Part 111

20 Did the organization operate one or more hospitals? If 'Yes,' complete Schedule H

21 Did the organization report more than $5,000 on Part IX, column (A), line 17 If 'Yes,'complete Schedule 1, Parts I and ll

22 Did the organization report more than $5,000 on Part IX, column (A), line 2? If 'Yes,' complete Schedule 1, Parts land 111

23 Did the organization answer 'Yes' to Part VII, Section A, questions 3, 4, or 57 If 'Yes,' completeSchedule J

24a Did the organization have a tax - exempt bond issue with an outstanding principal amount of more than $100,000as of the last day of the year, and that was issued after December 31, 2002? If 'Yes,' answer questions 24b -24d andcomplete Schedule K If 'No,'go to question 25

b Did the organization invest any proceeds of tax - exempt bonds beyond a temporary period exception?

c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defeaseany tax-exempt bonds'

d Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?

25a Section 501(c)(3) and 501 (cx4) organizations . Did the organization engage in an excess benefit transaction with adisqualified person during the year? If 'Yes,' complete Schedule L, Part I

b Did the organization become aware that it had engaged in an excess benefit transaction with a disqualified person froma prior year' If 'Yes,' complete Schedule L, Part

26 Was a loan to or by a current or former officer, dir

I

ector, trustee, key employee, highly compensated employee, ordisqualified person outstanding as of the end of the organization's tax year? If 'Yes,' complete Schedule L, Part ll

27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, or substantialcontributor, or to a person related to such an individual? If 'Yes,' complete Schedule L, Part Ill

BAA

6

7

8

9 X

10

11 X

12 X

13

14a

14b

15

16

23

24a

24b

24c

24d

25a

25b

No

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

27 1 1 X

Form 990 (2008)

TEEA0103 10/13/08

Form 990 2008 Community Housing Resource Center 91-1641351 Part IV Checklist of Required Schedules (continued)

Yes No

128 During the tax year, did any person who is a current or former officer, director, trustee, or key employee-

a Have a direct business relationship with the organization (other than as an officer, director, trustee, or employee),or an indirect business relationship through ownership of more than 35% in another entit (individuall or collectively y ywith other person(s) listed in Part VII, Section A)? If 'Yes,' complete Schedule L, Part IV 28a X

b Have a family member who had a direct or indirect business relationship with the organization? If 'Yes,' completeSchedule L, Part IV 28b X

c Serve as an officer, director, trustee, key employee, partner, or member of an entity (or a shareholder of a professionalcorporation) doing business with the organization? If 'Yes,' complete Schedule L, Part IV 28c X

29 Did the organization receive more than $25,000 in non-cash contributions? If 'Yes,' complete Schedule M 29 X

30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservationcontributions? If 'Yes,' complete Schedule M 30 X

31 Did the organization liquidate, terminate, or dissolve and cease operations? If 'Yes,' complete Schedule N, Part I 31 X

32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If 'Yes,' completeSchedule N, Part 11 32 X

33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections301 7701-2 and 301.7701-3? If 'Yes,' complete Schedule R, Part 1 33 X

34 Was the organization related to any tax-exempt or taxable entity? If 'Yes,' complete Schedule R, Parts ll, lll, IV, and V,line 1 34 X

35 Is any related organization a controlled entity within the meaning of section 512(b)(13)' If 'Yes,' complete Schedule R,Part V, line 2 35 X

36 Section 501(cx3) organizations . Did the organization make any transfers to an exempt non-charitable relatedorganization? If 'Yes,' complete Schedule R, Part V, line 2 36 X

37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that istreated as a partnership for federal income tax purposes? If 'Yes,' complete Schedule R, Part VI 37 X

BAA Form 990 (2008)

TEEA0104 12/18/08

Form 990 2008 Community Housing Resource Center 91-1641351 Pag e 5Part V Statements Regarding Other IRS Filings and Tax Compliance

Yes No

1 a Enter the number reported in Box 3 of form 1096, Annual Summary and Transmittal of U SInformation Returns Enter -0- if not applicable 1 a 0

b Enter the number of Forms W-2G included in line l a Enter -0- if not applicable 1 b 0

c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming(gambling) winnings to prize winners? 1c X

2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for thecalendar year ending with or within the year covered by this return 2a 6

2b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2b X

Note . If the sum of lines 1 a and 2a is greater than 250, you may be required to e-file this return. (see instructions)

3a Did the organization have unrelated business gross income of $1,000 or more during the year covered bythis return? 3a X

b If 'Yes' has it filed a Form 990-T for this year? If 'No,' provide an explanation in Schedule 0 . 3b

4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, afinancial account in a foreign country (such as a bank account, securities account, or other financial account)? 4a X

b If 'Yes,' enter the name of the foreign country: ►See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank andFinancial Accounts

5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? a

1

X

b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b X

c If 'Yes,' to question 5a or 5b, did the organization file Form 8886-T, Disclosure by Tax-Exempt Entity RegardingProhibited Tax Shelter Transaction? 5c

6a Did the organization solicit any contributions that were not tax deductible? 6a X

b If 'Yes,' did the organization include with every solicitation an express statement that such contributions or gifts were notdeductible? 6b

7 Organizations that may receive deductible contributions under section 170(c).

a Did the organization provide goods or services in exchange for any quid pro quo contribution of more than $75? 7a X

b If 'Yes,' did the organization notify the donor of the value of the goods or services provided? 7b

c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to fileForm 8282? 7c X

d If 'Yes,' indicate the number of Forms 8282 filed during the year 7d

e Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personalbenefit contract? 7e X

f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 7f X

g For all contributions of qualified intellectual property, did the organization file Form 8899 as required? 7 X

h For all contributions of cars, boats, airplanes, and other vehicles, did the organization file a Form 1098-C as required? 7h X

8 Section 501 (c)(3) and other sponsoring organizations maintaining donor advised funds and section 509(aX3)f t d b t hi ti D d th t t di ing organiza ion, or a un main aine y a sponsoring organiza ion, aveng organ za ons . i e supporsupport

excess business holdings at any time during the year? 8 X

9 Section 501 (c)(3) and other sponsoring organizations maintaining donor advised funds. __J

a Did the organization make any taxable distributions under section 4966? 9a X

b Did the organization make any distribution to a donor, donor advisor, or related person? 9b X

10 Section 501(c)(7) organizations . Enter

a Initiation fees and capital contributions included on Part VIII, line 12 10a

b Gross Receipts, included on Form 990, Part VIII, line 12, for public use of club facilities 10b

11 Section 501(c)(12) organizations . Enter

a Gross income from other members or shareholders 11 a

b Gross income from other sources (Do not net amounts due or paid to other sources againstamounts due or received from them) 11 b

12a Section 4947(aXl) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 10417 12a

b If 'Yes,' enter the amount of tax-exempt interest received or accrued durin g the year 12b

BAA Form 990 (2008)

TEEA0105 04108109

Form 990 (2008) Community Housing Resource Center 91-1641351 Part VI Governance , Management and Disclosure (Sections A, B, and C request information about policies not

required by the Internal Revenue Code.)

n A. Liovernina lioaly a

For each 'Yes' response to lines 2-7b below, and for a 'No' response to lines 8 or 9b below, describe the circumstances, Yes No

processes, or changes in Schedule O. See instructions.

1 a Enter the number of voting members of the governing body 1 a 8

b Enter the number of voting members that are independent 1 b 8

2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other -officer, director, trustee or key employee? 2 X

3 Did the organization delegate control over management duties customarily performed by or under the direct supervisionof officers, directors or trustees, or key employees to a management company or other person? 3 X

4 Did the organization make any significant changes to its organizational documents 4 X

since the prior Form 990 was filed?

5 Did the organization become aware during the year of a material diversion of the organization's assets? 5 X

6 Does the organization have members or stockholders? . . 6 X

7a Does the organization have members, stockholders, or other persons who may elect one or more members of thegoverning body? 7a X

b Are any decisions of the governing body subject to approval by members, stockholders, or other persons' 7b X

8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year bythe following-

a The governing body' 8a X

b Each committee with authority to act on behalf of the governing body? 8b X

9a Does the organization have local chapters, branches, or affiliates? 9a X

b If 'Yes,' does the organization have written policies and procedures governing the activities of such chapters, affiliates,and branches to ensure their operations are consistent with those of the organization? 9b

10 Was a copy of the Form 990 provided to the organization's governing body before it was filed? All organizations mustdescribe in Schedule 0 the process, if any, the organization uses to review the Form 990 10 X

11 Is there any officer, director or trustee, or key employee listed in Part VII, Section A, who cannot be reached at theorganization's mailing address? If 'Yes,' provide the names and addresses in Schedule 0 11 X

Section B. PoliciesYes No

12a Does the organization have a written conflict of interest policy? If 'No,' go to line 13 12a X

b Are officers, directors or trustees, and key employees required to disclose annually interests that could give riseto conflicts? 12b X

c Does the organization regularly and consistently monitor and enforce compliance with the policy? If 'Yes,' describe inSchedule 0 how this is done 12c X

13 Does the organization have a written whistleblower policy? 13 X

14 Does the organization have a written document retention and destruction policy? 14 X

15 Did the process for determining compensation of the following persons include a review and approval by independentpersons, comparability data, and contemporaneous substantiation of the deliberation and decision: _

a The organization's CEO, Executive Director, or top management official? 15a X

b Other officers of key employees of the organization? 15b X

Describe the process in Schedule 0 (see instructions)

16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxableentity during the year? .. 16a X

b If 'Yes,' has the organization adopted a written policy or procedure requiring the organization to evaluate its participationements under applicable federal tax law and taken steps to safeguard the organization's exemptoint venture arranin ,gj

status with respect to such arrangements? 16b

Section C. Disclosures17 List the states with which a copy of this Form 990 is required to be filed ► Washington- - - - - - - - - - - - - - - - - - - - - -

18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable ), 990, and 990 -T (501(c)(3)s only) available for publicinspection Indicate how you make these available . Check all that apply.

F] Own website 11 Another's website XI Upon request

19 Describe in Schedule 0 whether (and if so , how) the organization makes its governing documents , conflict of interest policy , and financialstatements available to the public

20 State the name , physical address , and telephone number of the person who possesses the books and records of the organization:

,,Lorrie-Conway-------32116 NE Dial- Road- Camas- - - - -

-- WA 98607 -----(360)834_2813-------- ------ - ------

BAA Form 990 (2008)

TEEAO1O6 12/18/08

Ii

Form 990 (2008) Community Housing Resource Center 91-1641351 7

Part VII Compensation of Officers, Directors , Trustees, Key Employees , Highest CompensatedEmployees, and Independent Contractors

Section A. Officers , Directors, Trustees , Key Employees , and Highest Compensated Employees1 a Complete this table for all persons required to be listed Use Schedule J-2 if additional space is needed.

• List all of the organization's current officers directors, trustees (whether individuals or organizations), regardless of amount ofcompensation, and current key employees. Enter -d- in columns (D), (E), and (F) if no compensation was paid

• List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) whoreceived reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) or more than $100,000 from the organization and anyrelated organizations.

• List all of the organization's former officers, key employees, and highest compensated employees who received more than $100,000 ofreportable compensation from the organization and any related organizations.

• List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of theorganization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees, highest compensatedemployees; and former such persons.

n Check this box if the nroanization did not compensate any officer director trustee or key emnlnveA

(A)

Name and Title

(B)

Averageho s

(c)Position (check all that apply )

(D)

Reportable

(E)

Reportable

(F)

Estimatedur

per week Q 0.

<

r,

=

_

w

?

v^ .

compensat ion fromthe organization(W-2/1099 -MISC)

compensation fromrelated organizations(W-2/1099 - MISC)

amount of othercompensation

from theorganizationand related

organizations

Marcel, Goule-t--------------------President 3.00 X X 0. 0. 0.Nelson, Karen---------------------Vice President 3.00 X X 0. 0. 0.Firstenburg,_ Scott-___-__

Secretery 3.00 X X 0. 0. 0.

Houston,- Lena--------------------Treasurer 3.00 X X 0. 0. 0.

Baker,-Pam--------------------Brd. of Dir 1.50 X 0. 0. 0.

Dumas,-Dave--------------------Brd. of Dir 1.50 X 0. 0. 0.Keithlay,_Jim __---_-___

Brd. of Dir 1.50 X 0. 0. 0.

Schmidt,-Lisa--------------------Brd of Dir 1.50 X 0. 0. 0.

Duffyl Teresita__-_____-

Executive Director 40.00 X X 57,610. 0. 0.

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---------------------

---------------------

---------------------

---------------------

---------------------

---------------------

- - - - - - - - - - - - - - - - - - - - -

BM TEEA0107 04n4/o9 Form 990 (2008)

Form 990 (2008) Community Housing Resource Center 91-1641351 Part VII Section A. Officers . Directors. Trustees . Kev Emolovees . and Highest Compensated Emnloveec /runt )

(A)

Name and Title

(B)

Averageh

(c)Position (check all that apply)

(D)

Reportable

(E)

Reportable

(F)

Estimatedoursper wee ° >a

a

>c

r

mm

I

D x3 ,o

T

Tocompensation fromthe organization(w-2/1099-MISC)

fromcompensationrelated organizations(w-2/1099-MISC)

amount of othercompensation

from the

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - --

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - --

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - --

- - - - - - - - - - - - - - - - - - - - - - - - - - --

- - - - - - - - - - - - - - - - - - - - - - - - - - --

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

1 b Total 57 , 610. 0. 0.

2 Total number of individuals (including those in 1 a) who received more than $100,000 in reportable compensation from the

organization " 0

Yes No

3 Did the organization list any former officer, director or trustee, key employee, or highest compensated employeeon line 1 a If 'Yes,' complete Schedule J for such individual 3 X

4 For any individual listed on line 1 a, is the sum of reportable compensation and other compensation fromthe organization and related organizations greater than $150,000? If 'Yes' complete Schedule J for suchIndividual 4 X

5 Did any person listed on line 1 a receive or accrue compensation from any unrelated organization for services --rendered to the organization' If 'Yes,' com plete Schedule J for such person 5 X

Section B. Independent Contractors1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of

compensation from the organization.

(A) (B) (C)Name and business address Description of Services Compensation

2 Total number of independent contractors (including those in 1) who received more than $100,000 in

compensation from the oraanlzatlon I- I

BAA TEEA0108 1o11aios Form 990 (2008)

Form 990 2008 Community Housing Resource Center 91-1641351 Part VIII Statement of Revenue

(B)e a

(D)Total revenue Related or Unr ll ted Revenue

exempt business excluded from taxfunction revenue under sectionsrevenue 512, 513, or 514

, 1 a Federated campaigns la

Z b Membership dues lb

N Q c Fundraising events 11C 9, 3 00 .

tZ g d Related organizations l d

,4i e Government grants (contributions) 1 ezUS

W f All other contributions, gifts, grants, andsimilar amounts not included above if 277,211.

Z= g Noncash contrlbns included in Ins la-If: $

h Total..Add lines la-If 286, 511.W Business Code

2a Fee for service 34,510. 34,510. 0. 0.b Reimbursed-expenses 3,240. 3,240. 0. 0.

C

d___________

e -----------------o f All other program service revenue

g Total. Add lines 2a-2f 37,750.

3 Investment income (including dividends, interest andother similar amounts) 0. 0. 0. 0.

4 Income from investment of tax-exempt bond proceeds

5 Royalties(i) Real (u ) Personal

6a Gross Rents

b Less: rental expenses

c Rental income or (loss)

d Net rental income or (loss

7a Gross amount from sales ofi)Securities( Cu) Other

assets other than inventory

b Less cost or other basisand sales expenses

c Gain or (loss)

d Net gain or (loss)

8a Gross income from fundralsmg eventsW (not Including $ 9, 300.

of contributions reported on line 1c)

See Part IV, line 18 a 10,355.W

b Less: direct expenses b 1,055.

° c Net income or (loss) from fundraising events 0. 9,300. 9,300. 0. 0.

9a Gross income from gaming activities -See Part IV, line 19 a

b Less: direct expenses b

c Net income or (loss) from gaming activiti es

10a Gross sales of inventory, less returnsand allowances a

b Less- cost of goods sold b

c Net income or ( loss) from sales of inventoMiscellaneous Revenue Business Code

11a------------------

b------------------

c------------------

d All other revenue

e Total. Add lines Ila-11d

12 Total Revenue . Add lines 1 h, 2g, 3, 4, 5, 6d, 7d, 8c, 9c,10c, and Ile . 10. 333, 561. 47, 050. 0. 0.

BAA - TE AO100 12/18/2008 Form 990 (2008)

Form 990 (2008) Community Housing Resource Center 91- 1641351 Paqe 10

sesmust

All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).

Do not include amounts reported on lines6b, 7b, 8b, 9b, and 10b ofPart V///,

Total exxpenses

BProgram service

expensesManagemCent andgeneral ex penses

Fundraisingex penses

1 Grants and other assistance to governmentsand organizations in the U.S See Part IV,line 21 0. 0.

2 Grants and other assistance to individuals inthe U.S See Part IV, line 22 0. 0.

3 Grants and other assistance to governments,organizations, and individuals outside theU.S. See Part IV, lines 15 and 16 0. 0.

4 Benefits paid to or for members 0. 0.5 Compensation of current officers, directors,

trustees, and key employees 58,602. 41, 608. 11,720. 5,274.6 Compensation not included above, to

disqualified persons (as defined undersection 4958(f)(1) and persons described insection 4958(c)(3)(B)

7 Other salaries and wages 99,660. 70,759. 19, 932. 8,969.8 Pension plan contributions (include section

401(k) and section 403(b) employercontributions)

9 Other employee benefits 13,201. 9,373. 2,640. 1,188.10 Payroll taxes 20,176. 14,325. 4,035. 1,816.11 Fees for services (non-employees)

a Management

b Legal

c Accounting 7,908. 5,615. 1,582. 711.

d Lobbying

e Prof fundraising svcs See Part IV, In 17

f Investment management fees

g Other

12 Advertising and promotion 3,142. 2,230. 628. 284.

13 Office expenses 2,861. 2,031. 572. 258.14 Information technology 1,697. 1,205. 339. 153.15 Royalties

16 Occupancy 33,628. 23,876. 6,726. 3,026.17 Travel 2,705. 1,921. 541. 243.18 Payments of travel or entertainment

expenses for any federal, state, or localpublic officials

19 Conferences, conventions, and meetings 944. 670. 189. 85.20 Interest

21 Payments to affiliates

22 Depreciation, depletion, and amortization 5,262. 3,420. 1,842. 0.

23 Insurance 325. 231. 65. 29.24 Other expenses. Itemize expenses not

covered above. (Expenses grouped togetherand labeled miscellaneous may not exceed5% of total expenses shown on line 25below.)

a---------------------

b---------------------

c---------------------

d---------------------

e---------------------f All other expenses 6,944. 6,890. 54. 0.

25 Total functional expenses. Add lines 1 through 24f 257,055. 184,154. 50,865. 22,036.

26 Joint Costs. Check here ► if followingSOP 98-2. Complete this line only if theorganization reported in column (B) jointcosts from a combined educationalcam paig n and fundraising solicitation

BAA Form 990 (2008)

TEEA0110 12/19/08

Form 990 2008 Community Housing Resource Center 91-1641351 Part X Balance Sheet

(A)Beginning of year

(B)End of year

1 Cash - non-interest-bearing 10,913. 1 74,778.

2 Savings and temporary cash investments 118, 226. 2 114,082.3 Pledges and grants receivable, net 3

4 Accounts receivable, net 5,607. 4 15,064.5 Receivables from current and former officers, directors, trustees, key employees,

or other related parties. Complete Part II of Schedule L 5 0.

6 Receivables from other disqualified persons (as defined under section 4958(f)(1))

and persons described in section 4958(c)(3)(B) Complete Part II of Schedule L 6A

7 Notes and loans receivable, net 7

E 8 Inventories for sale or use 8T

9 Prepaid expenses and deferred charges 1,425. 9 1,859.

10a Land, buildings, and equipment cost basis 10a 37, 550.

b Less- accumulated depreciation Complete Part VI of

Schedule D 10b 29,203. 13,609. 10c 8,347.11 Investments - publicly-traded securities 11

12 Investments - other securities. See Part IV, line 11 12

13 Investments - program-related See Part IV, line 11 13

14 Intangible assets 14

15 Other assets. See Part IV, line 11 15

16 Total assets Add lines 1 throug h 15 (must eq ual line 34) 149, 780. 16 214, 130.

17 Accounts payable and accrued expenses 17

18 Grants payable 18

19 Deferred revenue 19L 20 Tax-exempt bond liabilities 20

8 21 Escrow account liability Complete Part IV of Schedule D 21

Li

22 Payables to current and former officers, directors, trustees, key employees,highest compensated employees, and disqualified persons. Complete Part II

of Schedule L 22E

23 Secured mortgages and notes payable to unrelated third parties 23

24 Unsecured notes and loans payable 24

25 Other liabilities Complete Part X of Schedule D 16,744. 25 21,232.

26 Total liabilities . Add lines 17 throu g h 25 16,744. 26 21,232.

ET

Organizations that follow SFAS 117, check here 1, X and complete lines

27 through 29 and lines 33 and 34

A 27 Unrestricted net assets 132,736. 27 192, 598.

28 Temporarily restricted net assets 300. 28 300.E

29 Permanently restricted net assets 29

Organizations that do not follow SFAS 117 , check here ► and complete

lines 30 through 34.

30 Capital stock or trust principal, or current funds 30

A 31 Paid-in or capital surplus, or land, building, and equipment fund 31

A 32 Retained earnings, endowment, accumulated income, or other funds 32

33 Total net assets or fund balances . 133,036. 33 192,898.

Es 34 Total liabiliti es and net assets/fund balances 149, 780. 34 214, 130.

Part XI Financial Statements and Reporting

1 Accounting method used to prepare the Form 990 : E] Cash Accrual [] Other

-I-+2a Were the organization ' s financial statements compiled or reviewed by an independent accountant? 2a X

b Were the organization ' s financial statements audited by an independent accountant? 2b X

c If 'Yes ' to 2a or 2b , does the organization have a committee that assumes responsibility for oversight of the audit,review , or compilation of its financial statements and selection of an independent accountant? 2c X

3a As a result of a federal award , was the organization required to undergo an audit or audits as set forth in the SingleAudit Act and OMB Circular A-133? . . 3a

BAA

ization undergo the required audit or audits?

TEE.A0111 12/22/08

SCHEDULE A(Form 990 or 990-EZ)

OMB No 1545-0047

Public Charity Status and Public Support 1 2008To be completed by all section 501 (cX3) organizations and section 4947(aXl)

nonexempt charitable trusts.Open to Public

Department of the TreasuryInternal Revenue Service Attach to Form 990 or Form 990-EZ. See separate instructions.

Inspection

Name of the organization Employer identification number

CommunityHousing Resource Center 91-1641351Part I Reason for Public Charity Status (All organizations must comp lete this part. ) (see instructions )The organization is not a private foundation because it is- (Please check only one organization )

1 A church, convention of churches or association of churches described in section 170(b)(1XAXi).

2 A school described in section 170(bX1XAXii). (Attach Schedule E.)

3 A hospital or cooperative hospital service organization described in section 170(bXlXAXiii). (Attach Schedule H )

4 A medical research organization operated in conjunction with a hospital described in section 170(bXlXAXiii). Enter the hospital's

name, city, and state5

______-of- __________________tedb_y_____________________q An organization operated for the benefit a college or university owned or opera a governmental unit described In section

170(bX1XAXiv). (Complete Part II )

6 e A federal, state, or local government or governmental unit described in section 170(bX1XAXv).7 X An organization that normally receives a substantial part of its support from a governmental unit or from the general public described

in section 170(bX1XAXvi). (Complete Part II )

8 q A community trust described in section 170(b)(1XAXvi). (Complete Part II )

9 q An organization that normally receives: (1) more than 33-1/3 % of its support from contributions, membership fees, and gross receiptsfrom activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33-1/3 % of its support from grossinvestment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization afterJune 30, 1975 See section 509(aX2). (Complete Part III.)

10 An organization organized and operated exclusively to test for public safety See section 509(aX4). (see instructions)

11 An organization organized and operated exclusively for the benefit of, to perform the functions of, or carry out the purposes of one ormore publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(aX3). Check the box thatdescribes the type of supporting organization and complete lines 1le through 11h

a q Type I b q Type II c q Type III - Functionally integrated d q Type III- Other

e q By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons otherthan foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section509(a)(2)

I If the organization received a written determination from the IRS that is a Type I, Type II or Type III supporting organization, qcheck this box

g Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?

Yes No(i) a person who directly or indirectly controls, either alone or together with persons described in (ii) and (iii)

below, the governing body of the supported organization' 11 i

(ii) a family member of a person described in (I) above? 11 ii)

(iii) a 35% controlled entity of a person described in (I) or (ii) above? 11 (iii)

h Provide the following information about the organizations the organization supports

() Name of SupportedOrganization

() EIN (iii) Type of organization(described on lines 1-9above or IRC section(see instructions))

(iv) Is theorganization in col

(ii) listed in yourgoverningdocument%

(v) Did you notifythe organization in

col (p ofyour support'

(vl) Is theorganization in col(p organized in the

U S 7

(vii) Amount of Support

Yes No Yes No Yes No

Total

BAA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule A (Form 990 or 990-EZ) 2008

TEEA0401 12/17/08

Schedule A Form 990 or 990-E 2008 Community Housing Resource Center 91-1641351 Page 2Part II Support Schedule for Organizations Described in Sections 170(bXlXAXiv) and 170(bX1XAXvi)

(Complete only if you checked the box on line 5, 7, or 8 of Part I )

Section A- Public Sunnort

Calendar year (or fiscal yearbeginning in)

(a) 2004 (b) 2005 (c) 2006 (d) 2007 (e) 2008 (f) Total

1 Gifts , grants, contributions andmembership fees received Do

'')not include ' unusual grants 167, 321. 132, 803. 124, 915. 162, 904. 277, 211. 865, 154.2 Tax revenues levied for the

organization ' s benefit andeither paid to it or expendedon its behalf

3 The value of services orfacilities furnished to theorganization by a governmentalunit without charge Do notinclude the value of services orfacilities generally furnished tothe public without charge

4 Total . Add lines 1-3 167, 321. 132, 803. 124, 915. 162, 904. 277, 211. 865, 154.5 The portion of total

contributions by each person(other than a governmentalunit or publicly supportedorganization ) included on line 1that exceeds 2% of the amountshown on line 11 , column (f)

6 Public support . Subtract line 5from line 4 865, 154.

Section B. Total Support

Calendar year (or fiscal yearbeginning in)

(a) 2004 (b) 2005 (c) 2006 (d) 2007 (e) 2008 (f) Total

7 Amounts from line 4 167, 321. 132, 803. 124, 915. 162, 904. 277, 211. 865, 154.

8 Gross income from interest,dividends, payments receivedon securities loans , rents,royalties and income formsimilar sources 3,200. 6,740. 2,964. 7,704. 855. 21,463.

9 Net income form unrelatedbusiness activities , whether ornot the business is regularlycarried on

10 Other income Do not includegain or loss form the sale ofcapital assets (Explain inPart IV) 42,413. 10,346. 33,065. 30,700. 34,510. 151,034.

11 Total support. Add lines 7through 10 1, 037, 651.

12 Gross receipts from related activi ties , etc (see instructions) 12

13 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3)organization, check this box and stop here n

;ection C . Computation of Public Support Percentage

14 Public support percentage for 2008 (line 6, column (f) divided by line 11, column (f) 14 83.38%

15 Public support percentage for 2007 Schedule A, Part IV-A, line 26f 15 %

16a 33-113 support test - 2008. If the organization did not check the box on line 13, and the line 14 is 33-1/3 % or more, check this boxand stop here. The organization qualifies as a publicly supported organization. l

b 33-1/3 support test - 2007. If the organization did not check a box on line 13, or 16a, and line 15 is 33-1/3% or more, check this boxand stop here . The organization qualifies as a publicly supported organization. 0 U

17a 10%-facts-and-circumstances test - 2008. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10%or more, and if the organization meets the 'facts-and-circumstances' test, check this box and stop here. Explain in Part IV how qthe organization meets the 'facts-and-circumstances' test. The organization qualifies as a publicly supported organization

b 10%-facts-and-circumstances test - 2007. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10%or more, and if the organization meets the 'facts-and-circumstances' test, check this box and stop here . Explain in Part IV how theorganization meets the 'facts-and-circumstances' test. The organization qualifies as a publicly supported organization

18 Private foundation . If the organization did not check a box on line, 13, 16a, 16b, 17a, or 17b, check this box and see instructions

BAA Schedule A (Form 990 or 990-EZ) 2008

TEEA0402 12/17/08

Schedule A (Form 990 or 990-E 2008 Community Housing Resource Center 91-1641351 Page 3Part III Support Schedule for Organizations Described in Section 509(aX2)

(Complete only if you checked the box on line 9 of Part I )

Section A. Public Support

Calendar year (or fiscal yr beginning in) (a) 2004 2005 c 2006 (d) 2007 a 2008 Total1 Gifts, grants, contributions and

membership fees received (Donot include 'unusual grants ')

2 Gross receipts fromadmissions, merchandise soldor services performed, orfacilities furnished in a activitythat is related to theorganization's tax-exemptpurpose

3 Gross receipts from activities that arenot an unrelated trade or businessunder section 513

4 Tax revenues levied for theorganization's benefit andeither paid to or expended onits behalf

5 The value of services orfacilities furnished by agovernmental unit to theorganization without charge

6 Total . Add lines 1-57a Amounts included on lines 1,

2, 3 received from disqualifiedpersons

b Amounts included on lines 2and 3 received from other thandisqualified persons thatexceed the greater of 1 % ofthe total of lines 9, 1Oc, 11,and 12 for the year or $5,000

c Add lines 7a and 7b

8 Public support (Subtract line

7c from line 6

Section B. Total Support

Calendar year (or fiscal yr beginning in)

9 Amounts from line 610a Gross income from interest,

dividends, payments receivedon securities loans, rents,royalties and income formsimilar sources

b Unrelated business taxableincome (less section 511taxes) from businessesacquired after June 30, 1975

c Add lines 10a and 10b11 Net income from unrelated business

activities not included inline 10b,whether or not the business isregularly carried on

12 Other income Do not includegain or loss from the sale ofcapital assets (Explain inPart IV.)

13

14

Total support. (add Ins 9, 10c, 11, and 12)

a 2004 2005 c 2006 (d) 2007 a 2008 Total

First five years . If the Form 990 is for the organization 's first, second, third, fourth, or fifth tax year as a section 501 (c)(3)organization , check this box and stop here

n C. Computation of Public15 Public support percentage for 2008 (line 8, column (f) divided by line 13, column (f)) 15 %

16 Public support percentage from 2007 Schedule A, Part IV-A, line 27g 16 %

>ection D. Computation of Investment Income Percentage

17 Investment income percentage for 2008 (line 10c, column (f) divided by line 13, column (f)) 17 %

18 Investment income percentage from 2007 Schedule A, Part IV-A, line 27h 18 %

19a 33-1/3 support tests - 2008. If the organization did not check the box on line 14, and line 15 is more than 33-1/3%, and line 17 is notmore than 33-1/3%, check this box and stop here. The organization qualifies as a publicly supported organization El

b 33-1 /3 support tests - 2007. If the organization did not check a box on line 14 or 19a, and line 16 is more than 33-1/3%, and line 18is not more than 33-1/3%, check this box and stop here . The organization qualifies as a publicly supported organization 1020 Private foundation . If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions

BAA X0403 oln9109 Schedule A (Form 990 or 990-EZ) 2008

Schedule A (Form 990 or 990 -EZ) 2008 Community Housing Resource Center 91-1641351 Pag e 4Part IV Supplemental Information . Complete this part to provide the explanation required by Part II, line 10;

Part II, lin e 17a or 17b; or Part III, line 12. Provide any other additional information. (see instructions)

Other-Income Part-II,-Line-10-------------------------------------------------------------

Description_ Program Service Revenue--------------------------------------------------

2004: 42413.--------------------------------------------------------------------

2005: 10346.---------------------------------------------------------------------

2006: 33065.--------------------------------------------------------------------

2007: 30700.

2008: 34510.--------------------------------------------------------------------

BAA TEEAO4O4 10/07/08 Schedule A (Form 990 or 990-EZ) 2008

SCHEDULE DOMB No 1545-0047

(Form 990) Supplemental Financial Statements 2008

Department of the Treasury Attach to Form 990 . To be completed by organizations that Open to PublicInternal Revenue Service answered 'Yes,' to Form 990, Part IV , lines 6, 7, 8, 9, 10 , 11, or 12. InspectionName of the organization Employer identification number

Community Housing Resource Center 91-1641351

Part I Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts Complete ifthe organization answered 'Yes' to Form 990, Part IV, line 6.

(a) Donor advised funds (b) Funds and other accounts

1 Total number at end of year

2 Aggregate contributions to (during year)

3 Aggregate grants from (during year)

4 Aggregate value at end of year

5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advisedfunds are the organization's property, subject to the organization's exclusive legal control? 1 Yes [ No

6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may beused only for charitable purposes and not for the benefit of the donor or donor advisor or otherimpermissible private benefit?? F]Yes F] No

Part II Conservation Easements Complete if the organization answered 'Yes' to Form 990, Part IV, line 7.1 Purpose(s) of conservation easements held by the organization (check all that apply)

Preservation of land for public use (e.g , recreation or pleasure) Preservation of an historically important land area

Protection of natural habitat Preservation of certified historic structure

Preservation of open space

2 Complete lines 2a-2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last dayof the tax year

Held at the End of the Year

a Total number of conservation easements 2a

b Total acreage restricted by conservation easements 2b

c Number of conservation easements on a certified historic structure included in (a) 2c

d Number of conservation easements included in (c) acquired after 8/17/06 2d

3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the taxable

year

4 Number of states where property subject to conservation easement is located

5 Does the organization have a written policy regarding the periodic monitoring, inspection, violations, andenforcement of the conservation easement it holds? Yes LI No

6 Staff or volunteer hours devoted to monitoring, inspecting, and enforcing easements during the year

7 Amount of expenses incurred in monitoring, inspecting, and enforcing easements during the year ► $

8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section170(h)(4)(B)(i) and 170(h)(4)(B)(ii)" F] Yes F] No

9 In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, andinclude, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting forconservation easements

Part III Organizations Maintaining Collections of Art, Historical Treasures , or Other Similar AssetsComplete if the organization answered 'Yes' to Form 990, Part IV, line 8.

1 a If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of art, historicaltreasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIV,the text of the footnote to its financial statements that describes these items.

b If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of art, historicaltreasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the followingamounts relating to these items:

() Revertues included in Form 990, Part VIII, line 1 ► $

(ii) Assets included in Form 990, Part X 9-$

2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the followingamounts required to be reported under SFAS 116 relating to these items:

a Revenues included in Form 990, Part VIII, line 1

b Assets included in Form 990, Part X

$

$

BAA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule D (Form 990) 2008

TEEA3301 12/23/08

2Schedule D Form 990 2008 Community Housing Resource Center 91-1641351 Pa g e

1Part III Organizations Maintaining Collections of Art, Historical Treasures , or Other Similar Assets (continued)

3 Using the organization's accession and other records, check any of the following that are a significant use of its collection items (check allthat apply),

a Public exhibition d H Loan or exchange programs

b Scholarly research e Other

c Preservation for future generations

4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose inPart XIV

5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similarassets to be sold to raise funds rather than to be maintained as part of the organization's collection? F] Yes F] No

Part IV Trust , Escrow and Custodial Arrangements Complete if organization answered 'Yes' to Form 990, PartIV, line 9, or reported an amount on Form 990, Part X, line 21.

1 a Is the organization an agent, trustee, custodian, or other intermediary for contributions or other assets notincluded on Form 990, Part X? 11 Yes XX No

b If 'Yes,' explain the arrangement in Part XIV and complete the following table:

c Beginning balance

d Additions during the year

e Distributions during the year

f Ending balance

2a Did the organization include an amount on Form 990, Part X, line 217

b If 'Yes,' explain the arrangement in Part XIV

Part V Endowment Funds Com p lete if organization answered 'Yes' to Form 990, Part IV, line 10.

1 a Beginning of year balance

b Contributions

c Investment earnings or losses

d Grants or scholarships

e Other expenditures for facilitiesand programs

f Administrative expenses

g End of year balance

(a) Current year (b) Prior year c Two years back (d) Three years back (e) Four years back

Provide the estimated percentage of the year end balance held as:

a Board designated or quasi-endowment

b Permanent endowment ► $

c Term endowment

3a Are there endowment funds not in the possession of the organization that are held and administered for theorganization by: Yes No

(i) unrelated organizations 3a i

(ii) related organizations 3a ii

b If 'Yes' to 3a(ii), are the related organizations listed as required on Schedule R? 3b

4 Describe in Part XIV the intended uses of the org anization's endowment funds.

Part VI Investments-Land . Buildinas . and Eauioment . See Form 990, Part X. line 10.Description of investment (a) Cost or other basis

(investment)(b) Cost or other

basis (other)(c) Depreciation (d) Book Value

1 a Land

b Buildings

c Leasehold improvements 6,472. 0. 6,472.

dEquipment 31,078. 29 , 203. 1,875.

e Other

Total. Add lines la-le (Column (d) should equal Form 990, Part X, column (B) , line 10(c) . ) 8,347.

BAA Schedule D (Form 990) 2008

TEEA3302 12/23/08

Schedule D (Form 990 2008 Community Housing Resource Center 91-1641351 Pag e 3

Part VII Investments-Other Securities See Form 990, Part X, line 12.

(a) Description of security or category (b) Book value (c) Method of valuation(including name of securi ty) Cost or end-of- year market value

Financial derivatives and other financial products

Closely-held equity interests

Other -------------------------------------------------- -

----------------------------

----------------------------

----------------------------

----------------------------

----------------------------

----------------------------

----------------------------

----------------------------Total. (Column (b) should equal Form 990 Part X, col (B) line 12. ) ►Part VilI Investments-Program Related (See Form 990 , Part X , line 13)

(a) Description of investment typeI I

(b) Book value (c) Method of valuationCost or end-of-year market value

Total. Column (b)(should a ual Form 990, Part X Col. (B) line 13 ►Part IX Other Assets (See Form 990. Part X, line 15)

lue

►Total . Column (b) Total (should equal Form 990, Part X, col (B) , line 15)

Part X Other Liabilities (See Form 990 , Part X, line 25)(a) Descri ption of Liabili ty Amount

Federal Income Taxes

Accrued Payroll Liabilities 21,232.

Total. Column (b) Total (should equal Form 990, Part X, col (8) line 25) ► 21,232.1

In Part XIV, provide the text of the footnote to the organization ' s financial statements that reports the organization ' s liability for uncertain taxpositions under FIN 48.

BAA TE03 ior29io8 Schedule D (Form 990) 2008

D Form 990 2008 Community Housing Resource Center 91-1641351 Page 4Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements

1 Total revenue (Form 990, Part Vlll,column (A), line 12) 333,561.

2 Total expenses (Form 990, Part IX, column (A), line 25) 257,055.

3 Excess or (deficit) for the year. Subtract line 2 from line 1 76,506.

4 Net unrealized gains (losses) on investments

5 Donated services and use of facilities

6 Investment expenses

7 Prior period adjustments

8 Other (Describe in Part XIV)

9 Total adjustments (net) Add lines 4-8

10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 76,506.

Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return1 Total revenue, gains, and other support per audited financial statements 1

2 Amounts included on line 1 but not on Form 990, Part VIII, line 12•

a Net unrealized gains on investments 2a

b Donated services and use of facilities 2b

c Recoveries of prior year grants 2c

d Other (Describe in Part XIV) 2d

e Add lines 2a through 2d 2e

3 Subtract line 2e from line 1 3

4 Amounts included on Form 990, Part VIII, line 12, but not on line 1

a Investments expenses not included on Form 990, Part VIII, line 7b 4a

b Other (Describe in Part XIV) 4b

c Add lines 4a and 4b 4c

5 Total revenue Add lines 3 and 4c. (This should eq ual Form 990, Part I, line 12 5

Part XIII I Reconciliation of Expenses per Audited Financial Statements With Expenses per Return1 Total expenses and losses per audited financial statements 1

2 Amounts included on line 1 but not on Form 990, Part IX, line 25-

a Donated services and use of facilities 2a

b Prior year adjustments 2b

c Losses reported on Form 990, Part IX, line 25 2c

d Other (Describe in Part XIV) 2d

e Add lines 2a through 2d 2e

3 Subtract line 2e from line 1 3

4 Amounts included on Form 990, Part IX, line 25, but not on line 1:

a Investments expenses not included on Form 990, Part VIII, line 7b 4a

b Other (Describe in Part XIV) 4b

c Add lines 4a and 4b 4c

5 Total expenses Add lines 3 and 4c (This should equal Form 990, Part I, line 18) 5

Part XIV I Supplemental Information

Complete this part to provide the descriptions required for Part II, lines 3 , 5, and 9 ; Part III, lines 1a and 4; Part IV, lines 1b and 2b , Part V,line 4; Part X ; Part XI , line 8; Part XII , lines 2d and 4b, and Part XIII, lines 2d and 4b

BAA TEEA3304 12/23/08 Schedule D (Form 990) 2008

Schedule D Form 990 2008 Community Housing Resource Center 91-1641351 Page 5

1Part XIV Supplemental Information (continued)

=--------------------------------------------------------------------

BAA TEEA3305 07/24/08 Schedule D (Form 990) 2008

SCHEDULE G Supplemental Information Regarding(Form 990 or 990-EZ) Fundraising or Gaming Activities

Department of theT'Must be completed by organizations that answer 'Yes' to Form 990, Part IV, lines 17, 18,

Intern al RevenueTreasury

eService or 19, and by organizations that enter more than $15,000 on Form 990-EZ, line 6a.

0MB No 1545-0047

1 2008Open to Public

Inspection



Part I Fundraising Activities . Complete if the organization answered 'Yes' to Form 990, Part IV, line 17.

1 Indicate whether the organization raised funds through any of the following activities . Check all that applyMail solicitations Solicitation of non-government grants

Email solicitations Solicitation of government grants

Phone solicitations Special fundraising events

In-person solicitations

2a Did the organization have written or oral agreement with any individual (including officers , directors , trustees or keyemployees listed in Form 990, Part VII) or entity in connection with professional fundraising services? FJYes No

b If 'Yes,' list the ten highest paid individuals or entities (fundraisers ) pursuant to agreements under which the fundraiser is to becompensated at least $5 , 000 by the organization Form 990EZ filers are not required to complete this table

(i) Name of Individualor entity (fundraiser)

(ii) Activity ( iii) Did fundraiserhave custody or control

of contributions'

(iv) Gross receiptsfrom activity

(v) Amount paid to(or retained by)

fundraiser listed incol (1)

(vi) Amount paid to(or retained by)organization

Yes No

Total

3 List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registrationor licensing.

BAA For Privacy Act and Paperwork Reduction Act Notice , see the Instructions for Form 990 . Schedule G (Form 990 or 990-EZ) 2008

TEEA3701 12/18/08

Schedule G (Form 990 or 990 2008 Community Housing Resource Center 91-1641351 Page 2

Part II Fundraising Events . Complete if the organization answered 'Yes' to Form 990, Part IV, line 18, orreported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.

(a) Event #1 (b) Event #2 (c) Other Events (d) Total Events

NONE (Add col (a) through

(event type) (event type) (total number)col (c))

REVE 1 Gross receiptsNUE

2 Less- Charitable contributions

1 minus I

4 Cash prizes

DI

5 Non -cash prizesECT

6 Rent/facility costsEx

e 7 Other direct expensesNSE

8 Direct expense summary. Add lines 4- through 7 in column (d)

9 Net income summa ry Combine lines 3 and 8 in column (d)

Part 11111Gaming . Complete if the organization answered 'Yes' to Form 990, Part IV, line 19, or reported more than$15.000 on Form 990-EZ, line 6a.

R (a) Bingo (b) Pull tabs/Instant (c) Other gaming (d) Total gamingE bingo/progressive (Add col (a) throughVE

bingo col (c))NUE

1 Gross revenue

2 Cash prizesE

D xI PR E 3 Non-cash prizesE NC ST E

S 4 Rent/facility costs

5 Other direct ex penses

E yes % H Yes % H Yes %

6 Volunteer labor No No No

7 Direct expense summary Add lines 2 through 5 in column (d)

8 Net gaming income summary Combine lines 1 and 7 in column (d)

YES NO

9 Enter the state(s) in which the organization operates gaming activities

a Is the organization licensed to operate gaming activities in each of these states? 9a

b If 'No,' Explain-

------------------------------------------------------- ---

-------------------------------------------------------

10a Were any of the organization's gaming licenses revoked, suspended or terminated during the tax Year's---

10a

b If 'Yes,' Explain

------------------------------------------------------- ---

--------------------------------------------------------11 Does the organization operate gaming activities with nonmembers?

--11

h th f d tf f t tt ners ip or o er en orme oa trust or a member o a par i y12 Is the organization a grantor, beneficiary or trustee oadminister charitable gaming? 12

BAA TEEA3702 oan5/08 Schedule G (Form 990 or 990-EZ) 2008

Schedule G Form 990 or 990 -E 2008 Community Housing Resource Center 91-1641351 Page 3

YES NO

13 Indicate the percentage of gaming activity operated in'

a The organization ' s facility 13a %

b An outside facility 13b %

14 Provide the name and address of the person who prepares the organization ' s gaming/special events books and records

Name

Address----------------------------------------------------

15a Does the organization have a contact with a third party from whom the organization receives gaming revenues 15a

b If 'Yes,' enter the amount of gaming revenue received by the organization $ and the amount

of gaming revenue retained by the third party $

c If 'Yes,' enter name and address:

Name.----------------------------------------------------

Address-

16 Gaming manager information

Name----------------------------------------------------

Gaming manager compensation ► $

Description of services provided---------------------------------------

ElDirector/officer Employee F] Independent contractor

17 Mandatory distributions

a Is the organization required under state law to make charitable distributions from the gaming proceeds to retain thestate gaming license?

b Enter the amount of distributions required under state law distributed to other exempt organizations or spent in the

organization ' s own exempt activities during the tax year: ► $

BAA TEEA3703 07n8/08 Schedule G (Form 990 or 990-EZ) 2008

• Community Housing Resource Center 91 - 1641351

Supporting Statement of:

Form 990 p 1/Pt I, Ln 6, # Volunteers

Description Amount

Per Executive Director 40

Total 40


Form 990 p 2/Line 4a Expenses

Description Amount

All prgrm service expenses 184,154.

Total 184, 154.


Form 990 p 5/Line 2a

Description Amount

Phyllis Warren 1Kevin Gillette 1Teresita Duffy 1

Grace Farmer 1

Karin Butler 1

Suzanne Pupo 1

Total 6


Form 990 p 6/Line la

Description Amount

Baker, Pam 1Dumas, Dave 1

Firstenburg, Scott 1Goulet, Marcel 1Houston, Lena 1

Keithley, Jim 1Nelson, Karen 1Schmidt, Lisa 1

Total 8

• Community Housing Resource Center 91-1641351 2


Form 990 p 9/Gross income fundraising

Description Amount

Home Heart Event 10,355.

Total 10,355.


Form 990 p 9/Line 2 Total Revenue-1

Description Amount

Fee for service other 9,270.

Counseling & Credit report fees 7,950.

Credit reports only 4,300.

Reverse mortgage counseling 9,750.

Total 31,270.


Form 990 p 9/Line 8b Direct Expenses

Description Amount

Misc Expense 590.

Postage for HH 165.

Program printing expenses 294.

Centerpieces 6.

Total 1,055.


Form 990 p 9/Other amt. not included

Description Amount

CDBG Grant

WSHFC

National Foreclosure Mitigation

Clark County

Vancouver Housing Authority

Private Foundations-United Way

Individual Donations

Participating partners

Business donations

54,729.

97,550.

75,100.

5,000.17,500.

10,000.

889.7,125.

9,318.

Community Housing Resource Center 91-1641351 3

ContinuedSupporting Statement of:

Form 990 p 9/Other amt. not included

Description Amount

Total 2 77,211.


Form 990 p 9/Total Revenue Investment

Description Amount

Edward D. Jones 855.

Total 855.


Form 990 p 11/Line 9, column (A)

Description Amount

Prepaid Rent 1,425.

Total 1,425.

SCHEDULE 0 Supplemental Information to Form 990(Form 990)

Attach to Form 990. To be completed by organizations to provide

'Department of the Treasuryadditional information for responses to specific questions for the

Internal Revenue Service Form 990 or to provide any additional information.

OMB No 1545-0047

2008Open to Public

Inspection


Community Housina Resource Center 91-1641351

Pt VI-A, Line 10 Process for 990 approval The form 990 is presented to the Executive Director who reviews the return The Executive Di----------------------------------------------------------------

Pt-VI_B,_ Line 15 -Compensation is determined by comparative data review and approved by board.--- - ------ -- -------------- - -------------- -- -

Pt VI-C,-Line- 19 -All- documents are available for public review_ij^n_reguest_ _ _ _ _ _ _ _ _ _

Pt VI-B, Line 12c organization' s process consists of reviewing vendors and looking for any relationship ties Board requires a minimum of------------------------------------------------------------------

BAA For Privacy Act and paperwork Reduction Act Notice, see the Instructions for Form 990 . TEEA4901 12/19/08 Schedule 0 (Form 990) 2008

n


Schedule 0 (Form 990), Supplemental Information to Form 990Form 990 , Page 2, Part III, Line 1 (continued)

Briefly describe the organization ' s mission:

and access to community resources for people who strive to create financial security,

housing stability or homeownership for themselves nand their famililes . See attached exhibit for full description

conuou tr Boasluo

1

Resource Center

THE COMMUNITY HOUSING RESOURCE CENTERCORE PROGRAM SERVICES

PRE-PURCHASE SERVICES:

Get the Facts Orientation : The Center provides an outreach effort and a 90-minute educational workshopintended to dispel common misconceptions about buying and owning a home. The core element of the workshopis to create a non-threatening environment for community members to explore the possibility of homeownership,separate fact from fiction, remove perceived barriers to homeownership and open the doors of homeownership tofamilies who might think it is impossible. This free workshop is held twice each month to prospectivehomebuyers and also outlines the steps to homeownership and the services provided by the Center. Prospectiveclients learn what they can and should expect during the process of making their first-home purchase and how theCenter can assist them through the process of becoming a homeowner.

Pre-purchase Assessment : This counseling session assess the client's readiness to buy, their financial capacityand eligibility for first-time homebuyers programs including down-payment assistance programs targeted for low-income families. Credit Reports are pulled and financial profiles analyzed. If financial obstacles or barriers areidentified, then a homebuyer action plan is created with recommendations to register for the financial educationclass, Credit Smart® and continue counseling until mortgage ready. If mortgage ready, the client will take theHomebuyer Education Workshop. This new approach to ascertaining the client's preparedness, streamlines theprocess while addressing the necessary information in a more efficient and thorough manner.

• Credit Smart® is a 6 hour class to assist people to realize their financial dreams by learning the financial skillsnecessary to maintain a family spending plan, how to use checking, debit and credit cards wisely, how to create asavings account, and how to establish and maintain good credit and become ready to apply for a loan and makeinformed financial decisions.

• Credit Repair/Debt Management/Budget and Savings Counseling demonstrates to clients in a one-on-onesetting how to establish a spending plan, understand their credit score, repair damaged credit, read credit reports,and how to work with credit agencies as well as how to establish a systematic payment plan and manage debt.Counseling is not limited to first-time homeowners. Renters and current homeowners may access this valuableservice too.

• Homebuyer Education Workshops provide an overview of the home-buying process, from both the housing real

estate professionals ' and buyers' perspectives . It outlines the purchasing steps and requirements as well as a

variety of other issues including the value of home inspections, variety of loan types, special public loan programs,

and homeowners insurance . Upon completion, attendees receive a Certificate of Completion. This certificate is

required by several loan programs available to low and moderate income first time homebuyers.

• Closing cost assistance is available to income eligible first time homeowners to overcome the very common

obstacle of limited access to available cash because of small savings accounts. By diminishing this barrier, more

people will have the opportunity to become first time homeowners.

• Home Choice Counseling offers a solution for people with disabilities who may need assistance for securing a

down payment. The Center provides the required one-on-one counseling for clients wishing to participate in

`Home Choice', a statewide down-payment assistance program for people with documented disabilities.

10/28/2009

• Free tax preparation services are offered at the Center from February through April 15`x'. Center staff providesextensive community outreach activities to promote the Earn Income Tax Credit (EITC) for low wage earners.Locally many low wage workers fail to claim federal tax credits and lose many dollars that they are entitled tocollect. In partnership with United Way of the Columbia Willamette and the AARP Tax-Aide program, free taxpreparation services are provided by appointment at the Center.

HOMEOWNER EDUCATION AND COUNSELING:

The Center recognizes to maintain successful homeownership, the education process must continue and counselingservices need to be available to homeowners. The purpose of these services is to protect the investment ofhomeownership, which for most people is the largest and most valuable asset they will own.

• The Post-Purchase Workshop is designed to encourage responsibility and prevent mortgage default andforeclosure. It addresses the importance of home maintenance and weatherization, insurance and home safety,refinancing a mortgage, equity loans and lines of credit, and avoiding common financial pitfalls to protect one'sinvestment and prevent foreclosure.

• Reverse Mortgage Counseling offers one-on-one counseling service administered by an AARP nationallycertified staff member, who educates clients over age 62 about options available to allow them to continue livingin their homes and receive income from their equity. Other resources or alternatives are explored and financialimplications and potential tax consequences disclosed. Clients receive a certificate demonstrating counselingcompletion required by lenders for reverse mortgages.

• Reverse Mortgage Workshop is a 90-minute class that informs consumers about the pluses and minuses of usingthe equity in a home to obtain a reverse mortgage. Many seniors use this loan product to supplement socialsecurity, meet unexpected medical expenses, make home improvements and establish a line of credit.

• Mortgage Default Prevention Workshops and Mortgage Delinquency Counseling is available to anyonebehind in mortgage payments or who fears that potential due to their financial circumstances. The MortgageDefault Prevention workshop is required to access counseling services and held twice weekly at the Center.Counseling assists the client in establishing a workable solution with their lender or determining realistic options.A comprehensive approach is taken so the problem does not recur once the loan is reinstated. Alternatives toforeclosure are thoroughly explained, along with the long-term implications of foreclosure.

MARKETING AND COMMUNITY OUTREACH :

In order to reach as many renters, first-time homebuyers, homeowners and seniors as possible, the Center continuallyseeks ways to inform the public about the Center and the importance of its services. Information is presented tocommunity members at neighborhood and community events, non-profit organizations, churches, public agencies,local media outlets, and to private market housing professionals. Services are provided in Spanish and English.

Call the Center at 360-690-4496 extension 101 to request a presentation to your group or check the Center's website atwww.homecen.ore for general information, a calendar of events and upcoming workshops and classes.

Community Housing Resource Center2700 NE Andresen Road Suite D3Vancouver, WA [email protected](360) 690-4496 ext. 101(360) 694-6665 FAX

Our mission is to provide quality education and counseling services to increase opportunities and access

to community resourcesfor people who strive to createfinancial security, housing stability or

homeownershipfor themselves and theirfamilies, thereby creating a vital and stronger community.

10/28/2009

ak k ress.uw o csnisr

2700 NE Andresen Road Suite D3, Vancouver WA 98661

(360) 690-4496 FAX (360)694-6665 vrww homecen org

Board of Directors2008 - 2009

Name Tenn Company Address Phone Email Fax

Baker, Pam 2009 Columbia Credit Union P 0 Box 324 Vancouver, WA 98666 891-4111 pamelab(a columbiacu org 891-1239

Dumas , Dave 2009 Keller Williams 915 Broadway St Suite 100 Vancouver, WA 98660 600-9077 dave(c davedumas corn 906-0027

Firstenburg , Scott Secretary 2009 First Independent Bank 1220 Main Street , Vancouver, WA 98660 699-4374 scottf( Thrstindv corn 759-3532

Goulet , Marcel President 2010 US Bank 1452 Hudson Street , Longview, WA 98632 1-360-501-5140 marcel goulet(alusbank corn 360-501-4761

Houston , Lena 2009 Washington Mutual 1205 Broadway , Vancouver, WA 98660 992-5719 lena houston@wamu net 750-3037

Keithley , Jim 20 11 5608 N E I 19th Street, Vancouver, WA 98686 241-3369 nmkeithlev22laDcomcast net

Nelson , Karen Vice President 2011 Bank of Clark County 164th & First Street P 0 Box 61725 Vancouver, WA 98666 823-9577 karenn( bocc com 823-9587

Schmidt , Lisa 2011 Nutter Corporation 7211 NE 43rd Ave Vancouver, WA 98661 573-2000 lisasna nuttercorp corn 576-8484

2/6/2009

990 Return ofOrganization ExemptFromIncomeTax 1...

Documents

Transcript of 990 Return ofOrganization ExemptFromIncomeTax 1...