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Nonprofiteer
← COLLEGE HILL COMMUNITY URBAN REDEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by COLLEGE HILL COMMUNITY URBAN REDEVELOPMENT CORPORATION.

Totals

Total revenue
$1,553,817
Total expenses
$2,433,281
Contributions and grants received
$574,996
Grants paid
$0
Program service revenue
$1,188,280
Investment income
-$209,459
Other revenue
$0
Total assets, end of year
$10,551,163
Total liabilities, end of year
$7,044,082
Net assets or fund balances, end of year
$3,507,081
Program services expenses (Part IX)
$2,051,347
Management and general expenses
$207,970
Fundraising expenses
$173,964
Program service expenses (Part III)
$2,051,347

Program services were 84.3% 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)

    $391,543

  • 1f · All other contributions, gifts and grants

    $183,453

  • 2a · Program service revenue: GROSS RENTAL INCOME

    total $1,181,610 · related or exempt $1,181,610

  • 2b · Program service revenue: PROGRAM MANAGEMENT

    total $125,023 · related or exempt $125,023

  • 2c · Program service revenue: COMMUNITY ENGAGEMENT

    total $52,445 · related or exempt $52,445

  • 2d · Program service revenue: MISCELLANEOUS

    total $873 · related or exempt $873

  • 2e · Program service revenue: PROGRAMMATIC INVESTMENT RETURN

    total -$171,671 · related or exempt -$171,671

  • 3 · Investment income

    total -$1,786 · excluded -$1,786

  • 7a · Gross sales of assets other than inventory

    securities $56,662

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

    securities $264,335

  • 7c · Gain or loss

    securities -$207,673

  • 7d · Net gain or loss

    total -$207,673 · related or exempt -$207,673

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $191,605 · program services $120,711 · management and general $28,741 · fundraising $42,153

  • 7 · Other salaries and wages

    total $436,337 · program services $274,892 · management and general $65,451 · fundraising $95,994

  • 9 · Other employee benefits

    total $47,763 · program services $30,091 · management and general $7,164 · fundraising $10,508

  • 10 · Payroll taxes

    total $52,433 · program services $33,033 · management and general $7,865 · fundraising $11,535

  • 11b · Fees: legal

    total $4,923 · management and general $4,923

  • 11c · Fees: accounting

    total $19,400 · management and general $19,400

  • 11f · Fees: investment management

    total $1,083 · management and general $1,083

  • 11g · Fees: other

    total $12,289 · management and general $12,289

  • 13 · Office expenses

    total $31,648 · program services $19,938 · management and general $4,747 · fundraising $6,963

  • 16 · Occupancy

    total $15,342 · program services $9,666 · management and general $2,301 · fundraising $3,375

  • 20 · Interest

    total $273,005 · program services $273,005

  • 22 · Depreciation, depletion and amortization

    total $211,075 · program services $211,075

  • 23 · Insurance

    total $15,618 · program services $9,839 · management and general $2,343 · fundraising $3,436

  • 24a · Other expenses: PROPERTY RENTAL AND REH

    total $967,830 · program services $967,830

  • 24b · Other expenses: TRAINING AND DEVELOPMEN

    total $46,994 · program services $23,497 · management and general $23,497

  • 24c · Other expenses: COMMUNITY ENGAGEMENT

    total $38,147 · program services $38,147

  • 24d · Other expenses: VACANT LOT UPKEEP AND M

    total $35,345 · program services $35,345

  • 24e · All other expenses

    total $32,444 · program services $4,278 · management and general $28,166

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,391 · end of year $69,438

  • 3 · Pledges and grants receivable

    beginning of year $207,905 · end of year $19,802

  • 4 · Accounts receivable

    beginning of year $3,923 · end of year $24,191

  • 7 · Other notes and loans receivable

    beginning of year $43,982 · end of year $43,982

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,944 · end of year $11,944

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

    $6,977,610

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

    $585,543

  • 10c · Land, buildings and equipment, net

    beginning of year $6,853,957 · end of year $6,392,067

  • 11 · Investments: publicly traded securities

    beginning of year $92,518 · end of year $100,274

  • 13 · Investments: program-related

    beginning of year $4,027,666 · end of year $3,851,812

  • 14 · Intangible assets

    beginning of year $53,078 · end of year $37,653

  • 17 · Accounts payable and accrued expenses

    beginning of year $297,609 · end of year $498,528

  • 21 · Escrow or custodial account liability

    beginning of year $64,727 · end of year $69,438

  • 23 · Secured mortgages and notes payable

    beginning of year $6,658,113 · end of year $6,473,616

  • 25 · Other liabilities

    beginning of year $4,000 · end of year $2,500

  • 27 · Net assets without donor restrictions

    beginning of year $4,199,168 · end of year $3,397,641

  • 28 · Net assets with donor restrictions

    beginning of year $176,747 · end of year $109,440

Mission and programs · 2023

Mission

REVITALIZE THE HAMILTON AVENUE BUSINESS DISTRICT TO IMPROVE THE SURROUNDING COMMUNITY.

  • REVITALIZE THE HAMILTON BUSINESS DISTRICT INCLUDING PROPERTY REHABILITATION AND RENTAL.

    Expenses $1,625,540 · Revenue $1,134,962

  • COMMUNITY ENGAGEMENT

    Expenses $230,775 · Revenue $52,445

  • VACANT LOT IMPROVEMENT AND MAINTENANCE.

    Expenses $195,032 · Revenue $873

As filed on the 2023 return.

Listed in Part VII

  • Ladonna Wallace Smith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Kojo Beachy-Owusu

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Chris Salley Davis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dale Shafer

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bill O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mia Sears

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Reiser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alpacino Beauchamp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zhane Broomfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mindy Nagel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rico Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Bird

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johnnie Fitzpatrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Greene

    CHIEF OPERATING OFFICER

    Total calculated
    $109,000
    From this org
    $109,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Emmanuel Karikari

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $91,523
    From this org
    $91,523
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

  • CH BUSINESS DISTRICT INVESTMENTS I&II LLC

    RENTAL REAL ESTATE · OH · income $253,360 · assets $2,385,360

    Directly controlled by CHCURC

  • MAIN ON MAIN I LLC

    RENTAL REAL ESTATE · OH · income $211,396 · assets $987,650

    Directly controlled by CHCURC

  • MAIN ON MAIN II LLC

    RENTAL REAL ESTATE · OH · income $44,811 · assets $622,250

    Directly controlled by CHCURC

  • CH COURTYARD LLC

    RENTAL REAL ESTATE · OH · income $278,560 · assets $1,962,913

    Directly controlled by CHCURC

  • COLLEGE HILL INVESTMENT COLLABORATIVE LLC

    RENTAL REAL ESTATE · OH · income $37,747 · assets $342,645

    Directly controlled by CHCURC

  • STREETCAR PROPERTIES LLC

    RENTAL REAL ESTATE · OH · income $33,465 · assets $266,687

    Directly controlled by CHCURC

  • 5920 HAMILTON LLC

    RENTAL REAL ESTATE · OH · income $11,167 · assets $0

    Directly controlled by CHCURC

Related partnerships

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

  • CH KEYMARK LLC

    RELATED · REAL ESTATE · OH · 75% owned · share of income -$164,593 · share of assets $1,276,227

    Directly controlled by CHCURC

  • KEYMARK QALICB

    RELATED · REAL ESTATE · OH · 20% owned · share of income -$31,741 · share of assets $341,694

    Directly controlled by CHCURC

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349316656

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