Community Home Trust
Public records show a registered, tax-exempt organization in good standing.
What it says it does
COMMUNITY HOME TRUST IS A NONPROFIT ORGANIZATION THAT SEEKS TO STRENGTHEN OUR COMMUNITY WITH PERMANENTLY AFFORDABLE HOUSING OPPORTUNITIES.
- Income
- $1.3 million
- Spending
- $1.5 million
- Spent on programs
- 80%
- Reserves
- -40.6 months of spending
- Largest source of income
- government grants, 80%
- Employees
- 13
- Volunteers
- 0
- Highest pay
- $121,541, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 24 out of 100. Higher than 2% of charities in its peer group (housing, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 67% of what it owns.
Living within its means
4 of 15Spending exceeded income by 14% of income.
Income trend
0 of 15Income fell 55% on the year before.
Spending floor
15 of 1580% of spending went to programs and raising each dollar of donations cost 17 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 70% of charities in its peer group (housing, $1m to $10m).
Independent board
25 of 2511 of 11 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $553,082 spent. WE COLLABORATE WITH DEVELOPERS TO HELP THEM MEET INCLUSIONARY HOUSING REQUIREMENTS IN CHAPEL HILL AND CARRBORO. WE ACQUIRE AFFORDABLE HOMES FROM DEVELOPERS AND RESELL THEM THROUGH A 99-YEAR GROUND LEASE TO INCOME-ELIGIBLE BUYERS. THIS LEASEHOLD APPROACH ENSURES THAT OUR HOMES REMAIN AFFORDABLE FOR FUTURE GENERATIONS OF LOW-INCOME HOUSEHOLDS.WE ALSO ASSIST CURRENT CHT HOMEOWNERS IN SELLING THEIR HOMES TO NEW INCOME-ELIGIBLE BUYERS.THE GROUND LEASE INCLUDES A RESALE FORMULA THAT DETERMINES HOW MUCH APPRECIATION THE SELLER CAN RECEIVE. WE WORK CLOSELY WITH BOTH SELLERS AND BUYERS TO MAINTAIN THE LONG-TERM AFFORDABILITY OF OUR HOMES.REGARDLESS OF WHETHER WE'RE SELLING EXISTING HOME TRUST HOMES OR HOMES ON BEHALF OF DEVELOPERS, OUR RESPONSIBILITIES ARE THE SAME: WE MARKET HOMES TO PROSPECTIVE BUYERS. WE PROVIDE FINANCIAL COUNSELING, HOMEBUYER EDUCATION, AND PROGRAM ORIENTATION TO EACH BUYER. WE ASSIST WITH SECURING MORTGAGE FINANCING. WE HELP IDENTIFY AVAILABLE SUBSIDY FUNDS WHEN NECESSARY.FOR THE FISCAL YEAR 2024-2025, WE SOLD 11 HOMES. OF THIS TOTAL, 6 HOMES WERE RESALES OF EXISTING HOMES, AND 5 WERE NEWLY ACQUIRED HOMES.
- $466,511 spent. ON MARCH 1, 2024, CHT OFFICIALLY ADDED FIVE HOMES ON OPEN AIR CAMP ROAD IN DURHAM TO ITS PERMANENTLY AFFORDABLE HOUSING INVENTORY. THE RESIDENTS, MEMBERS OF THE ENO RIVER TENANTS' ASSOCIATION, HAD LONG SOUGHT TO SECURE THEIR HOMES THROUGH A LAND TRUST MODEL. SIGNIFICANT RENOVATIONS WERE COMPLETED BY THE FALL OF 2024, WHICH WERE FINANCED BY A GRANT FROM THE OAK FOUNDATION AND A LOAN FROM THE DURHAM AFFORDABLE HOUSING LOAN FUND. THE CURRENT TENANTS, SOME OF WHOM HAVE LIVED IN THESE HOMES FOR NEARLY TWO DECADES, REMAINED IN PLACE, WITH THE OPTION TO BECOME HOMEOWNERS THROUGH CHT'S LAND TRUST HOMEOWNERSHIP MODEL. ONE HOMEOWNER CONVERTED TO HOME OWNERSHIP, AND IS INCLUDED IN THE TOTAL FOR SALES OF EXISTING HOMES IN STATEMENT 1.CHT HAS PARTNERED WITH LAZARUS REPAIR AND MAINTENANCE TO UNDERTAKE THE REHABILITATION OF THE FIVE HOMES, EACH REQUIRING INDIVIDUALIZED REPAIRS, INCLUDING ROOFING, FLOORING, PLUMBING, AND MOLD REMEDIATION. WHILE THE RENOVATION PROCESS WILL TAKE SEVERAL MONTHS, MOST TENANTS ARE EXPECTED TO STAY IN THEIR HOMES DURING THIS PERIOD.AS A NONPROFIT WITH SPECIALIZED EXPERTISE IN LAND TRUST MANAGEMENT, CHT IS UNIQUELY POSITIONED TO ADDRESS COMPLEX HOUSING CHALLENGES. THE ORGANIZATION BRINGS TOGETHER REAL ESTATE PROFESSIONALS, A LICENSED HOME INSPECTOR, AND EXPERIENCE IN SECURING FUNDING FOR COMMUNITY-FOCUSED PROJECTS. THIS COMBINED EXPERTISE, ALONG WITH SUPPORT FROM FUNDING PARTNERS, ALLOWS CHT TO MAKE A MEANINGFUL IMPACT IN PRESERVING AFFORDABLE HOUSING FOR LONG-TERM TENANTS.
- ON DECEMBER 29, 2017, CHT ACQUIRED A 58-UNIT RENTAL DEVELOPMENT CALLED THE LANDINGS AT WINMORE. THIS ACQUISITION WAS MADE BY CHT LANDINGS, LLC, A LIMITED LIABILITY COMPANY IN WHICH THE ORGANIZATION OWNS 100% OF THE MEMBERSHIP INTEREST. THE ACQUISITION ADDED 58 RENTAL UNITS TO OUR INVENTORY INCREASING OUR ABILITY TO REACH MEMBERS OF THE COMMUNITY AT INCOMES AS LOW AS 30% AREA MEDIAN INCOME. THE SUCCESS OF THIS PROJECT SPEARHEADED TWO MORE INITIATIVES WITH A PRIVATE AFFORDABLE HOUSING DEVELOPER. IN 2023 CHT WAS AWARDED 9% LIHTC CREDITS TO BUILD 48 UNITS OF RENTAL HOUSING IN CHAPEL HILL. THIS PROJECT HAS NOT YET BEGUN AS OF 6/30/2025 BUT IS STILL PLANNED. IN 2024, CHT WAS AWARDED 9% LIHTC CREDITS TO BUILD 48 UNITS OF RENTAL UNITS FOR RESIDENTS AGE 55+ ALSO IN CHAPEL HILL.
- $166,745 spent. ON MARCH 15, 2024, COMMUNITY HOME TRUST (CHT), INTRODUCED A NEW INITIATIVE DESIGNED TO HELP FIRST-TIME HOMEBUYERS OVERCOME BARRIERS TO MORTGAGE QUALIFICATION. THE PILOT PROGRAM, BUDGET YOUR WAY HOME, SUPPORTS APPLICANTS OF CHT'S AFFORDABLE HOUSING PROGRAM WHO ARE READY TO PURCHASE A HOME BUT FACE CHALLENGES SUCH AS INSUFFICIENT SAVINGS, LOW CREDIT SCORES, OR UNSTABLE INCOMES.THESE OBSTACLES OFTEN CONTRIBUTE TO EQUITY DISPARITIES IN HOMEOWNERSHIP, WITH BIPOC (BLACK, INDIGENOUS, AND PEOPLE OF COLOR) HOMEBUYERS DISPROPORTIONATELY IMPACTED. ACCORDING TO THE CONSUMER FINANCIAL PROTECTION BUREAU'S 2022 ANNUAL REPORT ON RESIDENTIAL MORTGAGE LENDING, BLACK AND HISPANIC BORROWERS EXPERIENCE HIGHER LOAN DENIAL RATES, RECEIVE SMALLER LOANS, AND FACE HIGHER INTEREST RATES AND UPFRONT FEES COMPARED TO WHITE AND ASIAN BORROWERS. THE NEW PROGRAM AIMS TO ADDRESS THESE DISPARITIES BY PROVIDING TARGETED SUPPORT FOR THOSE FACING DIFFICULTIES IN SECURING A MORTGAGE.THE BUDGET YOUR WAY HOME PROGRAM OFFERS A COMBINATION OF MONTHLY FINANCIAL EDUCATION AND PERSONALIZED ONE-ON-ONE COACHING FROM CHT'S HUD-CERTIFIED COUNSELORS OVER A SIX-MONTH PERIOD. PARTICIPANTS WHO SUCCESSFULLY COMPLETE THE PROGRAM WILL BE ELIGIBLE FOR MATCHING FUNDS TO ASSIST WITH CLOSING COSTS AND OTHER FINANCIAL RESPONSIBILITIES ASSOCIATED WITH PURCHASING A HOME THROUGH CHT. THE FIRST FIVE PARTICIPANTS IN THE PILOT PROGRAM WILL BE SELECTED FROM THE CURRENT POOL OF CHT APPLICANTS, WHO WILL BE INVITED TO APPLY FOR THE COACHING SESSIONS. PARTICIPATION IN THE PROGRAM IS FREE OF CHARGE.THIS INITIATIVE IS PART OF CHT'S ONGOING EFFORTS TO ENSURE THAT HOMEOWNERSHIP REMAINS ACCESSIBLE AND ATTAINABLE FOR ALL, PARTICULARLY FOR THOSE MOST AFFECTED BY SYSTEMIC INEQUITIES IN THE HOUSING MARKET.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2000.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
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