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← THE AFFORDABLE HOUSING TRUST FOR COLUMBUS & FRANKLIN COUNTY

Form 990 for tax year 2023

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

Totals

Total revenue
$19,360,366
Total expenses
$4,939,415
Contributions and grants received
$13,900,825
Grants paid
$352,851
Program service revenue
$3,471,592
Investment income
$1,948,016
Other revenue
$39,933
Total assets, end of year
$154,230,973
Total liabilities, end of year
$42,755,218
Net assets or fund balances, end of year
$111,475,755
Program services expenses (Part IX)
$4,327,898
Management and general expenses
$611,517
Fundraising expenses
$0
Program service expenses (Part III)
$4,327,898

Program services were 87.6% 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.

  • 1e · Government grants (contributions)

    $12,934,657

  • 1f · All other contributions, gifts and grants

    $966,168

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

    total $3,016,145 · related or exempt $3,016,145

  • 2b · Program service revenue: LOAN FEES

    total $355,447 · related or exempt $355,447

  • 2c · Program service revenue: MANAGEMENT INCOME

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

  • 3 · Investment income

    total $1,948,016 · excluded $1,948,016

  • 11a · Other revenue: OTHER INCOME

    total $39,933 · related or exempt $39,933

  • 11e · Other revenue, total

    $39,933

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $352,851 · program services $352,851

  • 5 · Compensation of officers, directors and key employees

    total $909,304 · program services $727,444 · management and general $181,860

  • 7 · Other salaries and wages

    total $527,649 · program services $422,119 · management and general $105,530

  • 8 · Pension plan contributions

    total $43,066 · program services $34,453 · management and general $8,613

  • 9 · Other employee benefits

    total $131,753 · program services $105,402 · management and general $26,351

  • 10 · Payroll taxes

    total $92,511 · program services $74,008 · management and general $18,503

  • 11b · Fees: legal

    total $128,504 · program services $102,803 · management and general $25,701

  • 11g · Fees: other

    total $169,032 · program services $42,574 · management and general $126,458

  • 12 · Advertising and promotion

    total $58,198 · program services $46,553 · management and general $11,645

  • 13 · Office expenses

    total $63,669 · program services $50,941 · management and general $12,728

  • 14 · Information technology

    total $28,297 · program services $22,638 · management and general $5,659

  • 16 · Occupancy

    total $134,854 · program services $107,883 · management and general $26,971

  • 17 · Travel

    total $14,320 · program services $11,456 · management and general $2,864

  • 19 · Conferences, conventions and meetings

    total $47,615 · program services $38,092 · management and general $9,523

  • 20 · Interest

    total $883,970 · program services $883,970

  • 22 · Depreciation, depletion and amortization

    total $8,116 · program services $6,493 · management and general $1,623

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $626,596 · program services $626,596

  • 24b · Other expenses: PROGRAM COSTS

    total $614,161 · program services $614,161

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $104,949 · program services $57,461 · management and general $47,488

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $475,114 · end of year $326,487

  • 2 · Savings and temporary cash investments

    beginning of year $27,573,130 · end of year $57,189,918

  • 4 · Accounts receivable

    beginning of year $13,633 · end of year $133,370

  • 7 · Other notes and loans receivable

    beginning of year $93,829,013 · end of year $96,100,862

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,622 · end of year $5,625

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

    $500,123

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

    $133,012

  • 10c · Land, buildings and equipment, net

    beginning of year $415,127 · end of year $367,111

  • 11 · Investments: publicly traded securities

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $471,481 · end of year $728,040

  • 19 · Deferred revenue

    beginning of year $794,983 · end of year $1,512,561

  • 23 · Secured mortgages and notes payable

    beginning of year $24,097,971 · end of year $40,514,617

  • 27 · Net assets without donor restrictions

    beginning of year $12,649,974 · end of year $15,773,655

  • 28 · Net assets with donor restrictions

    beginning of year $84,404,830 · end of year $95,702,100

Mission and programs · 2023

Mission

FACILITATE AND INVEST IN DEVELOPMENTS DESIGNED TO: CREATE AND PRESERVE AFFORDABLE HOMEOWNERSHIP AND RENTAL HOUSING; STRENGTHEN AND STABILIZE NEIGHBORHOODS; SUPPORT WORKING HOUSEHOLDS, SENIORS AND SPECIAL NEEDS POPULATIONS.

  • IN 2023, THE HOUSING TRUST HAS PROGRAM-RELATED OBLIGATIONS OF A RESTRICTED BALANCE OF $95.7 MILLION. THE TRUST HAS ALSO FACILITATED THE CREATION OR PRESERVATION OF 1421 HOUSING UNITS IN COLUMBUS AND FRANKLIN COUNTY.

    Expenses $4,327,898 · Grants $352,851 · Revenue $3,511,525

As filed on the 2023 return.

Listed in Part VII

  • Lark Mallory

    PRESIDENT (RETIRED JULY 2024)

    Total calculated
    $483,443
    From this org
    $444,574
    From related orgs
    $0
    Other
    $38,869
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $344,574
    Bonus
    $100,000
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $19,069
    Filer's total
    $483,443

  • Tyneisha Harden

    DIRECTOR OF EDAP AND COMMUNITY ENG.

    Total calculated
    $163,683
    From this org
    $150,199
    From related orgs
    $0
    Other
    $13,484
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,909
    Bonus
    $15,290
    Other
    $0
    Deferred
    $3,722
    Nontaxable benefits
    $9,762
    Filer's total
    $163,683

  • David Butcher

    DIRECTOR OF LENDING

    Total calculated
    $131,200
    From this org
    $119,683
    From related orgs
    $0
    Other
    $11,517
    Hours/week
    40

  • Brian McClellan

    CONTROLLER

    Total calculated
    $130,978
    From this org
    $126,891
    From related orgs
    $0
    Other
    $4,087
    Hours/week
    40

  • Robert Weiler

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lauren Hagan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sandy Doyle-Ahern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sean Grant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Wittmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jodelle Carder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Lafayette PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Childs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacquelin Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Faith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pastor Victor Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hal Keller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Love

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Keating

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joel Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Autumn Glover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven Gladman

    PRESIDENT (STARTED JULY 2024)

    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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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 $305,700 · assets $45,629,498

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

  • AHT REGIONAL IMPACT FUND LLC

    FINANCE · OH · income $0 · assets $0

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

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202443129349303494

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