Skip to content
Nonprofiteer
← THE AFFORDABLE HOUSING TRUST FOR COLUMBUS & FRANKLIN COUNTY

Form 990 for tax year 2022

Filed by THE AFFORDABLE HOUSING TRUST FOR COLUMBUS & FRANKLIN COUNTY.

Totals

Total revenue
$13,843,474
Total expenses
$4,794,587
Contributions and grants received
$10,352,267
Grants paid
$110,515
Program service revenue
$3,118,245
Investment income
$351,976
Other revenue
$20,986
Total assets, end of year
$122,419,239
Total liabilities, end of year
$25,364,435
Net assets or fund balances, end of year
$97,054,804
Program services expenses (Part IX)
$4,395,726
Management and general expenses
$398,861
Fundraising expenses
$0
Program service expenses (Part III)
$4,395,726

Program services were 91.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $8,612,030

  • 1f · All other contributions, gifts and grants

    $1,740,237

  • 2a · Program service revenue: INTEREST ON NOTES RECEIVABLE

    total $2,777,820 · related or exempt $2,777,820

  • 2b · Program service revenue: LOAN FEES

    total $240,425 · related or exempt $240,425

  • 2c · Program service revenue: MANAGEMENT INCOME

    total $100,000 · related or exempt $100,000

  • 3 · Investment income

    total $353,337 · excluded $353,337

  • 7b · Less cost or other basis and sales expenses

    other assets $1,361

  • 7c · Gain or loss

    other assets -$1,361

  • 7d · Net gain or loss

    total -$1,361 · excluded -$1,361

  • 11a · Other revenue: OTHER INCOME

    total $20,986 · related or exempt $20,986

  • 11e · Other revenue, total

    $20,986

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $110,515 · program services $110,515

  • 5 · Compensation of officers, directors and key employees

    total $837,104 · program services $669,683 · management and general $167,421

  • 7 · Other salaries and wages

    total $298,857 · program services $239,086 · management and general $59,771

  • 8 · Pension plan contributions

    total $43,158 · program services $34,526 · management and general $8,632

  • 9 · Other employee benefits

    total $115,739 · program services $92,591 · management and general $23,148

  • 10 · Payroll taxes

    total $78,769 · program services $63,015 · management and general $15,754

  • 11b · Fees: legal

    total $5,436 · program services $4,349 · management and general $1,087

  • 11g · Fees: other

    total $89,540 · program services $34,965 · management and general $54,575

  • 12 · Advertising and promotion

    total $34,657 · program services $27,723 · management and general $6,934

  • 13 · Office expenses

    total $54,685 · program services $43,748 · management and general $10,937

  • 14 · Information technology

    total $32,673 · program services $26,138 · management and general $6,535

  • 16 · Occupancy

    total $120,355 · program services $96,284 · management and general $24,071

  • 17 · Travel

    total $8,893 · program services $7,114 · management and general $1,779

  • 19 · Conferences, conventions and meetings

    total $35,224 · program services $28,179 · management and general $7,045

  • 20 · Interest

    total $576,798 · program services $576,798

  • 22 · Depreciation, depletion and amortization

    total $7,189 · program services $5,751 · management and general $1,438

  • 24a · Other expenses: PROGRAM COSTS

    total $1,354,051 · program services $1,354,051

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $942,274 · program services $942,274

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $48,670 · program services $38,936 · management and general $9,734

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,046,802 · end of year $475,114

  • 2 · Savings and temporary cash investments

    beginning of year $31,227,488 · end of year $27,573,130

  • 4 · Accounts receivable

    beginning of year $12,853 · end of year $13,633

  • 7 · Other notes and loans receivable

    beginning of year $73,089,232 · end of year $93,829,013

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,473 · end of year $5,622

  • 10a · Land, buildings and equipment: cost or other basis

    $541,643

  • 10b · Land, buildings and equipment: accumulated depreciation

    $126,516

  • 10c · Land, buildings and equipment, net

    beginning of year $12,185 · end of year $415,127

  • 11 · Investments: publicly traded securities

    beginning of year $107,600 · end of year $107,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $260,944 · end of year $471,481

  • 19 · Deferred revenue

    beginning of year $504,074 · end of year $794,983

  • 23 · Secured mortgages and notes payable

    beginning of year $17,732,698 · end of year $24,097,971

  • 27 · Net assets without donor restrictions

    beginning of year $10,476,474 · end of year $12,649,974

  • 28 · Net assets with donor restrictions

    beginning of year $77,529,443 · end of year $84,404,830

Mission and programs · 2022

Mission

THE ORGANIZATION SERVES AS A CATALYST FOR THE PRODUCTION OF AFFORDABLE HOMES AND APARTMENTS; ENCOURAGING THE DEVELOPMENT OF HOME OWNERSHIP IN AND NEAR EMPLOYMENT CENTERS; THE ORGANIZATION IS AN INVESTOR IN AFFORDABLE, RESIDENTIAL DEVELOPMENT AND CONSTRUCTION IN OLDER AND OVERLOOKED AREAS AND ALLOCATES THE RESOURCES AVAILABLE TO USE IN THE MOST EFFICIENT AND COST EFFECTIVE WAY POSSIBLE.

  • IN 2022, THE HOUSING TRUST HAS PROGRAM-RELATED OBLIGATIONS OF A RESTRICTED BALANCE OF $84.4 MILLION. THE TRUST HAS ALSO FACILITATED THE CREATION OR PRESERVATION OF 949 HOUSING UNITS IN COLUMBUS AND FRANKLIN COUNTY.

    Expenses $4,395,726 · Grants $110,515 · Revenue $3,139,231

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LARK MALLORY

    PRESIDENT

    Total calculated
    $294,874
    From this org
    $261,941
    From related orgs
    $0
    Other
    $32,933
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $226,941
    Bonus
    $35,000
    Other
    $0
    Deferred
    $13,838
    Nontaxable benefits
    $19,095
    Filer's total
    $294,874

  • MATT WOOTTON

    DIRECTOR OF LENDING

    Total calculated
    $170,221
    From this org
    $159,552
    From related orgs
    $0
    Other
    $10,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,552
    Bonus
    $26,000
    Other
    $0
    Deferred
    $8,956
    Nontaxable benefits
    $1,713
    Filer's total
    $170,221

  • MARY ANN HOPPER

    CDFI GRANTS ADMINISTRATOR

    Total calculated
    $131,143
    From this org
    $108,117
    From related orgs
    $0
    Other
    $23,026
    Hours/week
    40

  • BRANDIE HANCOCK

    DIRECTOR OF OPERATIONS

    Total calculated
    $129,826
    From this org
    $108,052
    From related orgs
    $0
    Other
    $21,774
    Hours/week
    40

  • STANLEY UCHIDA

    RELATIONSHIP/FUND MANAGER

    Total calculated
    $111,039
    From this org
    $110,310
    From related orgs
    $0
    Other
    $729
    Hours/week
    40

  • ROBERT WEILER

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • IAN LABITUE

    VICE CHAIR (AS OF DEC 2022)

    Total calculated
    $0
    Hours/week
    1

  • HAL KELLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PASTOR VICTOR DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM FAITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES SANTER

    TRUSTEE (RETIRED 2022)

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN WITTMANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHARON YOUNG

    TRUSTEE (RETIRED 2022)

    Total calculated
    $0
    Hours/week
    1

  • MARY LOVE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL CHILDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BILL LAFAYETTE PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JACQUELIN LEWIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JODELLE CARDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW KEATING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOEL COLEMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AUTUMN GLOVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAUREN HAGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SANDY DOYLE-AHERN

    TRUSTEE (STARTED 2022)

    Total calculated
    $0
    Hours/week
    1

  • SEAN GRANT

    TRUSTEE (STARTED 2022)

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AHT HOLDINGS LLC

    HOUSING · OH · income $0 · assets $130

    Directly controlled by THE AFFORDABLE HOUSING TRUST FOR COLUMBUS AND FRANKLIN COUNTY

  • HOUSING ACTION FUND LLC

    FINANCE · OH · income $51,185 · assets $26,775,356

    Directly controlled by THE AFFORDABLE HOUSING TRUST FOR COLUMBUS AND FRANKLIN COUNTY

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202333059349300043

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.