Chattanooga Neighborhood Enterprise Inc in Chattanooga, Tennessee (TN)

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Chattanooga Neighborhood Enterprise Inc
Employer Identification Number (EIN)621300726
Name of OrganizationChattanooga Neighborhood Enterprise Inc
In Care of NameDawn Scates
Address1301 Market St Ste 100, Chattanooga, TN 37402-4455
ActivitiesLow income housing, Other housing activities, Other inner city or community benefit activities
SubsectionCharitable Organization
Ruling Date07/1987
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2011
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$11,818,313
Amount of Income$7,125,178
Form 990 Revenue Amount$7,125,178
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2011: $7,125,178
This organization: 

 $7,125,178
Other organizations performing similar types of work: 

 $876,537

Assets in 2011: $11,818,313
Chattanooga Neighborhood Enterprise Inc: 

 $11,818,313
Other organizations performing similar types of work: 

 $2,682,378

Expenses in 2007: $5,342,951
Chattanooga Neighborhood Enterprise Inc: 

 $5,342,951
Other organizations performing similar types of work: 

 $966,237

Income to expenses ratio in 2007: 1.1
Chattanooga Neighborhood Enterprise Inc: 

 1.1
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 46.1%
This organization: 

 46.1%
Other organizations performing similar types of work: 

 90.8%

Number of employees in 2007: 22
Chattanooga Neighborhood Enterprise Inc: 

 22
Other organizations performing similar types of work: 

 8

Employees paid over $50,000 in 2007: 13.6%
This organization: 

 13.6%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2007: 60.6%
Chattanooga Neighborhood Enterprise Inc: 

 60.6%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$10,650,203$7,564,397$8,257,556$8,487,105$7,597,116$5,305,449$8,120,069$5,961,720
Contributions, gifts, grants, and similar amounts received$8,808,615$6,429,539$6,277,482$6,386,928$5,827,876$4,507,535$6,493,616$3,611,372
Contributions to donor advised funds$0$0
Direct public support$1,619,083$1,034,770$1,511,335$1,378,178$1,030,550$1,316,923$1,024,641$257,396
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$7,189,532$5,394,769$4,766,147$5,008,750$4,797,326$3,190,612$5,468,975$3,353,976
Program service revenue including government fees and contracts$1,599,260$1,097,762$2,081,339$1,986,228$1,750,555$1,222,884$1,089,885$2,168,843
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$130,247$174,400$209,731$308,341$362,491$564,720$536,568$385,411
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$112,081$-137,304$-310,996$-194,392$-343,806$-989,690$0$-203,906
Gross amount from sales of assets other than inventory$2,135,054$1,104,376$1,912,728$2,992,927$1,887,171$1,667,843$0$4,327,908
Less: cost or other basis and sales expenses$2,022,973$1,241,680$2,223,724$3,187,319$2,230,977$2,657,533$0$4,531,814
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$8,777,224$7,130,200$8,091,863$8,107,568$10,208,617$7,802,157$11,741,242$5,342,951
Program services$7,356,774$5,760,200$7,061,814$6,721,208$8,591,452$5,630,830$5,088,071$2,464,948
Management and general$1,420,450$1,370,000$1,030,049$1,315,297$1,414,625$1,998,028$6,646,691$2,871,523
Fundraising$0$0$0$71,063$202,540$173,299$6,480$6,480
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$13,833,565$14,267,762$14,433,455$14,812,992$12,201,491$9,704,783$6,083,610$6,702,379
Excess or (deficit) for the year$1,872,979$434,197$165,693$379,537$-2,611,501$-2,496,708$-3,621,173$618,769
Net assets or fund balances at beginning of year$12,360,940$13,833,565$14,267,762$14,433,455$14,812,992$12,201,491$9,704,783$6,083,610
Other changes in net assets or fund balances$-400,354$0$0$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$5,342,951$2,464,948$2,871,523$6,480
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$1,105,178
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$129,600$25,920$97,200$6,480
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,232,726$0$1,232,726$0
Pension plan contributions not included above$74,894$0$74,894$0
Employee benefits not included above$299,901$0$299,901$0
Payroll taxes$104,936$0$104,936$0
Professional fundraising fees$0$0$0$0
Accounting fees$11,946$0$11,946$0
Legal fees$91,400$91,400$0$0
Supplies$39,442$0$39,442$0
Telephone$24,555$0$24,555$0
Postage and shipping$12,216$0$12,216$0
Occupancy$119,325$0$119,325$0
Equipment rental and maintenance$46,905$0$46,905$0
Printing and publications$446$0$446$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$97,535$97,535$0$0
Depreciation, depletion, etc.$248,280$0$248,280$0
Other expenses not covered above$1,703,666$1,144,915$558,751$0
Balance Sheets
20002001200220032004200520062007
Total assets$23,304,046$27,584,706$27,878,723$27,876,010$25,277,286$21,001,620$16,986,789$15,419,282
Cash - non-interest-bearing$863,763$2,532,559$748,917$779,545$1,762,078$965,605$1,486,785$2,060,841
Savings and temporary cash investments$2,265,937$1,770,010$1,897,317$2,943,761$2,726,613$2,192,983$1,991,643$1,516,149
Accounts receivable less allowance for doubtful accounts$2,523,384$2,979,525$5,256,941$4,002,099$3,918,072$3,634,191$3,052,121$2,545,002
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$112,629$245,103$76,032$140,768$238,136$154,015$154,206$124,803
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$8,012,238$5,928,075$7,967,229$9,142,765$7,058,230$6,216,349$5,816,228$5,009,722
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$20,536$28,135$38,461$49,596$225,976$205,190$220,726$27,388
Investments - publicly-traded securities$9,000$9,000
Investments - other securities$0$0$0$9,000$9,000$9,000$0$0
Investments - land, buildings, and equipment less accumulated depreciation$7,479,736$9,293,876$10,127,182$9,438,280$8,685,008$7,158,598$4,012,261$4,099,545
Investments - other$1,687,919$4,349,846$1,346,969$1,009,457$531,507$392,258$204,150$0
Land, buildings, and equipment less accumulated depreciation$122,121$249,664$219,633$168,567$122,666$73,431$39,669$26,832
Other assets, including program-related investments$215,783$207,913$200,042$192,172$0$0$0$0
Total liabilities$9,470,481$13,316,944$13,445,268$13,063,018$13,075,795$11,296,837$10,903,179$8,716,903
Accounts payable and accrued expenses$1,891,825$2,004,800$2,704,158$1,689,648$1,805,288$1,849,733$2,553,674$1,695,695
Grants payable$0$0$0$0$0$0$0$2,559,285
Deferred revenue$0$387,471$3,600,000$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$7,578,656$9,219,631$6,884,611$10,760,612$10,128,028$8,880,671$7,768,480$4,139,648
Other liabilities$0$1,705,042$256,499$612,758$1,142,479$566,433$581,025$322,275
Total liabilities and net assets/fund balances$23,304,046$27,584,706$27,878,723$27,876,010$25,277,286$21,001,620$16,986,789$15,419,282
Total net assets or fund balances$13,833,565$14,267,762$14,433,455$14,812,992$12,201,491$9,704,783$6,083,610$6,702,379
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$10,650,203$7,564,397$8,257,556$8,487,105$7,597,116$5,305,449$8,120,069$5,961,720
Total revenue, gains, and other support per audited financial statements$10,418,000$8,241,000$8,568,552$8,681,497$7,940,922$6,295,139$8,120,069$5,961,720
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$232,203$-676,603$-310,996$-194,392$-343,806$-989,690$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$232,203$-676,603$-310,996$-194,392$-343,806$-989,690$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$8,777,224$7,130,200$8,091,863$8,107,568$10,208,617$7,802,157$11,741,242$5,342,951
Total expenses and losses per audited financial statements$8,545,000$7,807,000$8,402,859$8,301,961$10,552,423$8,791,847$11,741,242$5,342,951
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$232,224$-676,800$-310,996$-194,393$-343,806$-989,690$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$232,224$-676,800$-310,996$-194,393$-343,806$-989,690$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$120,000$96,000$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings21
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200622
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$385,411$1,964,937
Program service revenue
Program service revenue 1000000$000$0$4,153
Program service revenue 2000000$000$0$187,548
Program service revenue 3000000$000$0$49,607
Program service revenue 4000000$000$0$283,398
Program service revenue 5000000$000$0$1,644,137
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$385,411$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$-203,906
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
62144946779%$0$0
62162204479%$0$0
62163210579%$0$0
62173433579%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$60,000$0$0
$53,000$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$8,977,337$10,538,122$7,701,701$8,568,552$8,681,497$7,940,922$8,120,069$5,195,139
Gifts, grants, and contributions received$7,309,008$8,808,615$6,429,539$6,277,482$6,386,928$5,827,876$6,493,616$4,507,535
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,526,424$1,599,260$1,097,762$2,081,339$1,986,228$1,750,555$1,089,885$122,884
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$141,905$130,247$174,400$209,731$308,341$362,491$536,568$564,720
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1American Opportunity For Housing Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1992-10$225,314,751
2Ndc Housing And Economic Development Corporation, Group Return708 Third Ave Ste 710, New York, NY 10017-4201NY1988-11$91,347,372
3Greater Minnesota Housing Fund332 Minnesota St Ste 1201 E, St Paul, MN 55101-1375MN1996-06$61,992,230
4Community Housing Partners Corporation448 Depot St Ne, Christiansbrg, VA 24073-2050VA1980-05$49,321,839
5Governmental And Educational Assistance Corporation7900 Excelsior Boulevard, Hopkins, MN 55343-3445MN1998-09$48,873,824
6Phipps Affordable Housing Development Fund Corporation902 Broadway Fl 13, New York, NY 10010-6033NY1948-03$40,666,187
7Nevada H A N D Inc, Group Return295 E Warm Springs Rd Ste 10, Las Vegas, NV 89119-4210NV1997-06$33,096,178
8Maple Avenue Economic Development Corporation Of Dallas4739 Maple Ave, Dallas, TX 75219-1004TX1983-09$32,571,776
9National Community Renaissance Of California9065 Haven Ave Ste 100, Rch Cucamonga, CA 91730-5429CA1996-10$25,524,415
10Community Investment Corp222 S Riverside Plz Ste 2200, Chicago, IL 60606-6101IL1974-11$24,320,975
11East Harlem Pilot Block Housing Development Fund Co Inc, Taino Towers4 Executive Blvd Ste 100, Suffern, NY 10901-4176NY1972-08$24,044,303
12Linc Housing Corporation110 Pine Ave Ste 500, Long Beach, CA 90802-4408CA1995-01$23,631,019
13Habitat For Humanity International Inc, East Bay Habitat For Humanity Inc2619 Broadway No 205, Oakland, CA 94612-3107CA1987-01$22,764,341
14American Agape Foundation Inc, Agape Irving Housing Inc7334 Blanco Rd Ste 200, San Antonio, TX 78216-4933TX1989-01$22,531,321
15Chattanooga Neighborhood Enterprise Inc1301 Market St Ste 100, Chattanooga, TN 37402-4455TN1987-07$7,125,178
16Habitat For Humanity International Inc, KnoxvillePO BOX 27478, Knoxville, TN 37927-7478TN1987-01$4,557,926
17Cme Four Stones Properties Inc4466 Elvis Presley Blvd Ste 222, Memphis, TN 38116-7100TN1980-09$3,021,636
18Habitat For Humantiy International Inc, Blount County Hfh Of1017 Hampshire Dr, Maryville, TN 37801-3525TN1987-01$1,993,230
19Nhpc/Kent/Lou IncMemphis, TN 38103TN$1,603,274
20Cme-Southside Villas IncPO BOX 292405, Nashville, TN 37229-2405TN1980-09$1,110,048
21Habitat For Humanity International Inc, Cumberland County HfhPO BOX 854, Crossville, TN 38557-0854TN1987-01$840,386
22Jaycee Future Corporation500 W Martin Luther King Blvd I, Chattanooga, TN 37402TN1967-01$817,249
23Cleveland-Bradley Housing Corporation IncPO BOX 3297, Cleveland, TN 37320-3297TN1994-01$546,883
24Church Hill Housing Development Corporation505 Barrington Dr, Franklin, TN 37067-5011TN1979-08$110,252
25Meadows Housing Corporation Inc1615 Appling Rd, Cordova, TN 38016-4907TN1989-10$1,939,513
26Memphis Jewish Housing Development Corp6580 Poplar Ave, Memphis, TN 38138-3689TN1979-09$1,414,628
27Nba Disciples Housing Of Nashville Tn Inc, Disciples Village Of Nashville2112 Buena Vista Pike, Nashville, TN 37218-2840TN1951-05$333,028
28Creative Compassion IncPO BOX 4021, Crossville, TN 38557-4021TN1992-01$326,225
29Orange Grove Development No Seven Inc615 Derby St, Chattanooga, TN 37404-1632TN1992-06$56,122
30American Housing Preservation CorporationPo Box 23857, Nashville, TN 37202-3857TN1991-08$0
Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas9
Arizona7
California118
Colorado15
Connecticut18
District of Columbia5
Delaware5
Florida40
Georgia22
Hawaii2
Iowa7
Idaho2
Illinois33
Indiana13
Kansas4
Kentucky12
Louisiana13
Massachusetts41
Maryland22
Maine6
Michigan31
Minnesota31
Missouri12
Mississippi3
Montana3
North Carolina24
North Dakota1
Nebraska3
New Hampshire7
New Jersey15
New Mexico3
Nevada6
New York109
Ohio32
Oklahoma2
Oregon11
Pennsylvania35
Rhode Island6
South Carolina4
South Dakota2
Tennessee21
Texas44
Utah6
Virginia25
Vermont8
Washington15
Wisconsin16
West Virginia7
International2
Total882

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