Organizations Filed Purposes:
To support CHRIS 180 Inc.s mission to heal children, strengthen families and build community. CHRIS is an acronym for our values: creativity, honesty, respect, integrity and safety.
To support CHRIS 180 Inc.s mission to heal children, strengthen families and build community.
IN JANUARY 2018, A NEW 501(C)(3), THE CHRIS 180 SUPPORT ORGANIZATION, INC., WAS FORMED TO FACILITATE THE NEW MARKET TAX CREDIT TRANSACTION BY HOLDING CAPITAL CAMPAIGN FUNDS TRANSFERRED TO IT BY CHRIS 180 AND CERTAIN PROPERTIES TRANSFERRED TO IT BY CHRIS PROPERTIES, LLC AND CHRIS HOMES PROPERTIES, LLC DURING THE SEVEN-YEAR TERM OF THE NEW MARKET TAX CREDIT PROGRAM. CAPITAL CAMPAIGN FUNDS AND NMTC PROCEEDS RECEIVED UNDER THE NMTC PROGRAM WILL BE DISBURSED TO CREATE THREE NEW GATEWAY FOSTER HOMES, RENOVATE A HOME FOR RELOCATION OF A GROUP HOME, CONSTRUCT AN ASSESSMENT/FAMILY PRESERVATION DUPLEX, CONSTRUCT A 20,000 SQUARE FOOT EARTHCRAFT-CERTIFIED CENTER OF EXCELLENCE FOR TRAINING, EDUCATION, AND CONNECTIONS, RENOVATE EXISTING OFFICE SPACE TO CREATE AN INTEGRATED HEALTH CLINIC AND EXPAND COUNSELING. THE NEW MARKETS TAX CREDIT PROGRAM (NMTC PROGRAM) WAS ESTABLISHED BY CONGRESS IN 2000 TO ATTRACT INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES BY PERMITTING INVESTORS TO RECEIVE TAX CREDIT INCENTIVES IN EXCHANGE FOR MAKING EQUITY INVESTMENTS IN CERTIFIED COMMUNITY DEVELOPMENT ENTITIES (CDE). UNDER THIS PROGRAM, CERTAIN COMMERCIAL BANKS AND OTHER INVESTORS ARE ABLE TO SUBSIDIZE ELIGIBLE PROJECTS THAT MEET THE NMTC PROGRAM REQUIREMENTS. AT THE COMPLETION OF THE NMTC AGREEMENT IN SEVEN YEARS, THESE PROPERTIES WILL BE TRANSFERRED BACK TO THE LLCS OPERATED BY CHRIS 180, INC.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Cassandra Kirk | trustee | 0.1 | $0 |
| Cathy Hasbrouck | trustee | 0.1 | $0 |
| Sheila Weidman | trustee | 0.1 | $0 |
| Todd Markle | secretary | 0.1 | $0 |
| Frederick Mark Philips | cfo | 6 | $0 |
| Cindy Simpson | coo | 0 | $0 |
| Katherine Colbenson | chair | 0.1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202021979349304017_public.xml