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Nonprofiteer
← CENTRAL OHIO HOUSING DEVELOPMENT ORGANIZATION INC

Form 990 for tax year 2022

Filed by CENTRAL OHIO HOUSING DEVELOPMENT ORGANIZATION INC.

Totals

Total revenue
$1,531,933
Total expenses
$94,881
Contributions and grants received
$500
Grants paid
$0
Program service revenue
$1,532,445
Investment income
-$1,012
Other revenue
$0
Total assets, end of year
$2,217,966
Total liabilities, end of year
$1,399,713
Net assets or fund balances, end of year
$818,253
Program services expenses (Part IX)
$68,907
Management and general expenses
$25,974
Fundraising expenses
$0
Program service expenses (Part III)
$68,907

Program services were 72.6% 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.

  • 1f · All other contributions, gifts and grants

    $500

  • 2a · Program service revenue: FORGIVENESS OF DEBT

    total $1,392,053 · related or exempt $1,392,053

  • 2b · Program service revenue: PROGRAM AND MANAGEMENT

    total $140,392 · related or exempt $140,392

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

    other assets $1,012

  • 7c · Gain or loss

    other assets -$1,012

  • 7d · Net gain or loss

    total -$1,012 · related or exempt -$1,012

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $20,587 · program services $20,587

  • 7 · Other salaries and wages

    total $12,803 · program services $9,464 · management and general $3,339

  • 10 · Payroll taxes

    total $2,823 · program services $2,541 · management and general $282

  • 11c · Fees: accounting

    total $8,300 · management and general $8,300

  • 13 · Office expenses

    total $2,082 · program services $1,874 · management and general $208

  • 23 · Insurance

    total $3,453 · program services $3,108 · management and general $345

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $23,663 · program services $23,663

  • 24b · Other expenses: SHARED SERVICE FEES

    total $18,000 · program services $4,500 · management and general $13,500

  • 24c · Other expenses: REAL ESTATE TAXES

    total $1,707 · program services $1,707

  • 24d · Other expenses: OTHER EXPENSES

    total $1,463 · program services $1,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $254,844 · end of year $322,446

  • 4 · Accounts receivable

    beginning of year $96,117 · end of year $365,466

  • 7 · Other notes and loans receivable

    beginning of year $225,000 · end of year $250,000

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

    $801,511

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $803,523 · end of year $801,511

  • 15 · Other assets

    beginning of year $481,780 · end of year $478,543

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,096 · end of year $11,038

  • 23 · Secured mortgages and notes payable

    beginning of year $1,074,920 · end of year $1,099,920

  • 25 · Other liabilities

    beginning of year $1,391,047 · end of year $288,755

  • 27 · Net assets without donor restrictions

    beginning of year -$618,799 · end of year $818,253

Mission and programs · 2022

Mission

DEVELOP AND OPERATE AFFORDABLE HOUSING TO LOW AND MODERATE-INCOME HOUSEHOLDS WHETHER FOR RENTAL OR HOMEOWNERSHIP IN FRANKLIN COUNTY, OHIO AND CONTIGUOUS COUNTIES.

  • DEVELOPMENT OF THE AMERICAN ADDITION NEIGHBORHOOD, CROSSING AT JOYCE AND RESTORE COLUMBUS AND SUBSEQUENT SUBSIDIZED SALE OF THE NEW CONSTRUCTION AND RENOVATED HOMES TO ELIGIBLE LOW AND MODERATE-INCOME HOMEOWNERS.

    Expenses $45,938 · Revenue $1,484,973

  • DEVELOPMENT AND CONSTRUCTION OF THE HILLTOP HOMES II 9% LOW-INCOME HOUSING TAX CREDIT PROJECT FOR LOW AND MODERATE INCOME FAMILIES IN COLUMBUS, OH AND OF THE HAMILTON CROSSING AND HAMILTON ANNEX 9% LOW-INCOME HOUSING TAX CREDIT PROJECT FOR LOW AND MODERATE-INCOME SENIORS IN WHITEHALL, OH.

    Expenses $22,969 · Revenue $46,460

As filed on the 2022 return.

Listed in Part VII

  • John Hart

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Buffie McGee Patterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beverlyn Johns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Eddy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Luecke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Valorie Schwarzmann

    CFO

    Total calculated
    $0
    Hours/week
    5

  • Roy Lowenstein

    EXECUTIVE DIRECTOR

    Total calculated
    $20,587
    From this org
    $20,587
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations 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.

  • COHDO HOMES LLC

    DEVELOP SINGLE FAMILY HOMES · OH · income $0 · assets $370

    Directly controlled by CENTRAL OHIO HOUSING DEVELOPMENT ORGANIZATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HILLTOP HOMES II LLC

    RELATED · LOW INCOME HOUSING · OH · 0.05% owned · share of income -$111 · share of assets $318,128 · general or managing partner

    Directly controlled by HILLTOP HOUSING II INC

  • HAMILTON CROSSING HOMES LLC

    RELATED · LOW INCOME HOUSING · OH · 0.1% owned · share of income -$257 · share of assets $70,680 · general or managing partner

    Directly controlled by HAMILTON CROSSING HOUSING INC

  • HAMILTON ANNEX HOMES LLC

    RELATED · LOW INCOME HOUSING · OH · 0.1% owned · share of income -$190 · share of assets $1,864,009 · general or managing partner

    Directly controlled by HAMILTON ANNEX HOMES LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HILLTOP HOUSING II INC

    C · LOW INCOME HOUSING · OH

  • HAMILTON CROSSING HOUSING INC

    C · LOW INCOME HOUSING · OH

  • HAMILTON ANNEX HOUSING INC

    C · LOW INCOME HOUSING · OH

Provenance

Return type
form_990
Tax year
2022
Filed
12 September 2023
IRS schema version
2022v5.0
Source object
202302559349301235

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