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Chf Revolving Loan Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 753064424 ✦ Montrose, CO ✦ Designated as a 501(c)(3)

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Overview

What is Chf Revolving Loan Fund?

The Chf Revolving Loan Fund is a capital resource dedicated to historic preservation projects in Colorado. It operates in collaboration with the Colorado Housing and Finance Authority and offers below-market, fixed-rate loans to supplement state historical fund grants and other funding sources. These loans aid projects that adhere to the Secretary of the Interior's standards for historic property treatment. The loan program provides secured loans with flexible repayment schedules for terms up to five years, ensuring support for historic preservation endeavors in the state.


Official website here: www.cohf.org

Is Chf Revolving Loan Fund legitimate?

Chf Revolving Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chf Revolving Loan Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cohf.org

What is the mission statement of Chf Revolving Loan Fund?

The Chf Revolving Loan Fund's mission is to support historic preservation projects through the provision of low-interest loans. This mission is carried out by offering below-market fixed-rate loans that serve as a supplement to state historical fund grants and other funding sources. The loans, which can be secured for up to five years with flexible repayment schedules, are recommended by a loan committee in consultation with the Colorado Housing and Finance Authority and legal counsel, and are ultimately approved by the board. The aim of this fund is to contribute to the preservation of historic properties, promoting their conservation for future generations.


Official website here: www.cohf.org

Who is the CEO of Chf Revolving Loan Fund?

Catherine Stroh is the President of Chf Revolving Loan Fund.


Official website here: www.cohf.org

What is the revenue of Chf Revolving Loan Fund?

Chf Revolving Loan Fund's revenue in 2023 was $109,570.


Official website here: www.cohf.org

Who are the executives of Chf Revolving Loan Fund and what are their salaries?

There 9 volunteers at Chf Revolving Loan Fund.


Here are 4 key members and their salaries:


Frank Kugeler (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce O'Donnell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dominick Sekich (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Hartman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cohf.org

Where can I find the form 990 for Chf Revolving Loan Fund?

Chf Revolving Loan Fund's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.cohf.org

Learn more at the official website: www.cohf.org

Mission Statement of Chf Revolving Loan Fund

The Chf Revolving Loan Fund, a permanent source of capital funds, is committed to supporting historic preservation projects in Colorado. This mission is accomplished by providing below-market fixed-rate loans. The loan fund collaborates with the Colorado Housing and Finance Authority, supplementing state historical fund grants and other funding sources for projects that adhere to the Secretary of the Interior's standards for the treatment of historic properties. The loan program offers secured loans with flexible repayment schedules, ranging from five years, and interest rates, loan amounts, and repayment terms are determined by the Loan Committee in consultation with staff, CHFA, and legal counsel, ultimately approved by the board.

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Impact




October, 2024

The CHF Revolving Loan Fund significantly impacts historic preservation efforts in Colorado by providing low-interest loans aimed at supporting projects that follow established preservation standards. This fund serves as a crucial financial resource, offering below-market fixed-rate loans which complement state historical fund grants and other funding avenues.

By supplying capital for up to five years with flexible repayment terms, the fund enables individuals and organizations to undertake preservation projects that might otherwise struggle to secure adequate financing. The loans are designed to promote sustainable practices while adhering to the Secretary of the Interior's standards for treating historic properties. This not only assists in maintaining the historical integrity of Colorado's architecture and communities but also fosters economic development in the region.

Through its partnership with the Colorado Housing and Finance Authority, the CHF Revolving Loan Fund plays a vital role in enhancing the preservation landscape, ensuring that Colorado's rich historical heritage is preserved for future generations while stimulating local economies.




This information is meant to be a general summary of Chf Revolving Loan Fund. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$109,570 (2023)
Expenses
$86,148 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $45,354
  • Program Service Revenue: $52,978
  • Gross Receipts: $109,570

Assets and Liabilities:

  • Total Assets: $3,019,014
  • Total Liabilities: $18,235
  • Net Assets: $3,000,779

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST

Revenue

$43,978

LOAN COMMITMENT FEES

Revenue

$9,000

Organization Details

Founding Year

2002

Principal Officer

Catherine Stroh

Main Address

3410 WILLIAMS DRIVE STE 420-140, MONTROSE, CO, 81401

NTEE Category

Code: A11 - Arts

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