Form 990 for tax year 2024
Filed by HABITAT CAPITAL RESOURCES CORPORATION.
Totals
- Total revenue
- $727,346
- Total expenses
- $888,054
- Contributions and grants received
- $71,220
- Grants paid
- $0
- Program service revenue
- $656,126
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,988,251
- Total liabilities, end of year
- $4,456,216
- Net assets or fund balances, end of year
- -$2,467,965
- Program services expenses (Part IX)
- $865,179
- Management and general expenses
- $22,875
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $865,179
Program services were 97.4% 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
$71,220
-
2a · Program service revenue: LOAN AMORTIZATION
total $656,126 · related or exempt $656,126
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $132,078 · program services $132,078
-
8 · Pension plan contributions
total $2,209 · program services $2,209
-
9 · Other employee benefits
total $16,450 · program services $16,450
-
10 · Payroll taxes
total $10,280 · program services $10,280
-
11b · Fees: legal
total $5,578 · management and general $5,578
-
11g · Fees: other
total $57,629 · program services $57,629
-
13 · Office expenses
total $1,941 · management and general $1,941
-
14 · Information technology
total $3,431 · management and general $3,431
-
17 · Travel
total $7,755 · management and general $7,755
-
19 · Conferences, conventions and meetings
total $2,367 · management and general $2,367
-
23 · Insurance
total $1,803 · management and general $1,803
-
24a · Other expenses: MORTGAGE LOAN DISCOUNTS
total $646,533 · program services $646,533
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $42,741 · end of year $535,119
-
4 · Accounts receivable
beginning of year $124,497 · end of year $137,243
-
7 · Other notes and loans receivable
beginning of year $1,275,342 · end of year $1,314,578
-
9 · Prepaid expenses and deferred charges
beginning of year $3,278 · end of year $1,311
-
17 · Accounts payable and accrued expenses
beginning of year $3,753,115 · end of year $4,456,216
-
27 · Net assets without donor restrictions
beginning of year -$2,307,257 · end of year -$2,467,965
Mission and programs · 2024
Mission
THE MISSION OF HABITAT CAPITAL RESOURCES CORPORATION ("HCRC") IS TO STABILIZE COMMUNITIES THROUGH INCREASED HOMEOWNERSHIP OPPORTUNITIES FOR LOW, MODERATE, AND MEDIUM INCOME HOUSEHOLDS THROUGHOUT OHIO WITH THE USE OF FINANCIAL PRODUCTS AND DEVELOPMENT SERVICES THAT HELP MAKE HOME PURCHASES AFFORDABLE AND SUSTAINABLE.
Activities or mission (Part I)
TO STABILIZE COMMUNITIES THROUGH INCREASED HOMEOWNERSHIP OPPORTUNITIES.
-
THE MISSION OF HABITAT CAPITAL RESOURCES CORPORATION (HCRC) IS TO STABILIZE COMMUNITIES THROUGH INCREASED HOMEOWNERSHIP OPPORTUNITIES FOR LOW, MODERATE, AND MEDIUM INCOME HOUSEHOLDS THROUGHOUT OHIO WITH THE USE OF FINANCIAL PRODUCTS AND DEVELOPMENT SERVICES THAT HELP MAKE HOME PURCHASES AFFORDABLE AND SUSTAINABLE.
Expenses $865,179 · Revenue $656,126
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brent JonesBRENT JONES
PRESIDENT
- Total calculated
- $210,206
- From this org
- $0
- From related orgs
- $173,726
- Other
- $36,480
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $173,726 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,559 related
- Nontaxable benefits
- $0 + $30,921 related
- Filer's total
- $0 + $210,206 related
-
Brandi Al-IssaBRANDI AL-ISSA
CHIEF EXECUTIVE OFFICER
- Total calculated
- $143,531
- From this org
- $0
- From related orgs
- $140,808
- Other
- $2,723
- Hours/week
- 0.1 + 39.9 related
-
Michael CopellaMICHAEL COPELLA
CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 6 related
-
Mike FitzpatrickMIKE FITZPATRICK
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 2 related
-
Rae Ann DankovicRAE ANN DANKOVIC
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 6 related
-
Ej ThomasEJ THOMAS
FORMER CHIEF EXECUTIVE OFFICER
- Total calculated
- $712,724
- From this org
- $0
- From related orgs
- $699,874
- Other
- $12,850
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $104,822 related
- Bonus
- $0 + $148,600 related
- Other
- $0 + $446,452 related
- Deferred
- $0 + $10,350 related
- Nontaxable benefits
- $0 + $2,500 related
- Filer's total
- $0 + $712,724 related
-
Brady BurtBRADY BURT
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1 + 6 related
-
Tony BonarrigoTONY BONARRIGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2 related
-
Hal KellerHAL KELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2 related
-
Angela MingoANGELA MINGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2 related
-
Jon WeltyJON WELTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2 related
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
None.
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
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · HOMEOWNERSHIP PROGRAMMING · OH
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601359349311130
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