Ohio Capital Corporation For Housing
- Assets
- $156.0m
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 76
- Location
- Columbus, OH
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 31-1265570
Organization Overview
Ohio Capital Corporation For Housing is located in Columbus, OH. The organization was established in 1990. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Ohio Capital Corporation For Housing employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Capital Corporation For Housing is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ohio Capital Corporation For Housing generated $41.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $36.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ohio Capital Corporation For Housing has awarded 36 individual grants totaling $25,808,216. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE PRESERVATION, PRODUCTION AND MANAGEMENT OF AFFORDABLE HOUSING THROUGH COLLABORATIVE PARTNERSHIP AND INNOVATIVE THOUGHT LEADERSHIP.
Describe the Organization's Program Activity:
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan D Welty Executive Vice President | Officer | 10 | $567,210 |
Anthony Diblasi Evp Operations And Asset Management | Officer | 40 | $538,045 |
Brian Langmeyer Evp Of Development | Officer | 40 | $509,910 |
Jennifer Mullaney Chief Financial Officer | Officer | 10 | $494,932 |
Sue Ziegler COO Through 4/1/2021 | Officer | 30 | $437,918 |
Chad Ketler President Of Cpoms | Officer | 20 | $405,088 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barnes And Thornburg Legal | 12/30/21 | $470,187 |
Squire Patton Boggs Legal | 12/30/21 | $402,832 |
Shepherd Consulting Consulting | 12/30/21 | $191,504 |
Devcare Solutions Consulting | 12/30/21 | $213,983 |
Cohnreznick Audit And Tax | 12/30/21 | $279,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,650 |
| Total Program Service Revenue | $41,627,677 |
| Investment income | $116,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,859,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,437,413 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,141,985 |
| Compensation of current officers, directors, key employees. | $1,532,563 |
| Compensation to disqualified persons | $309,548 |
| Other salaries and wages | $9,299,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,268,906 |
| Payroll taxes | $951,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,757 |
| Fees for services: Accounting | $193,000 |
| Fees for services: Lobbying | $48,150 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,501,638 |
| Advertising and promotion | $23,055 |
| Office expenses | $119,185 |
| Information technology | $411,647 |
| Royalties | $0 |
| Occupancy | $449,424 |
| Travel | $352,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $187,629 |
| Interest | $12,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,405 |
| Insurance | $196,650 |
| All other expenses | $594,429 |
| Total functional expenses | $36,232,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,008,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,945,579 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $550,000 |
| Inventories for sale or use | $67,171 |
| Prepaid expenses and deferred charges | $257,724 |
| Net Land, buildings, and equipment | $2,790,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $69,397,370 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,016,622 |
| Accounts payable and accrued expenses | $8,315,051 |
| Grants payable | $47,013 |
| Deferred revenue | $15,457,732 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,799,201 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $566,227 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,159,809 |
| Total liabilities | $27,345,033 |
| Net assets without donor restrictions | $128,671,589 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $156,016,622 |
Grants Awarded
Over the last fiscal year, Ohio Capital Corporation For Housing has awarded $3,878,165 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: GENERAL SUPPORT | $3,643,962 |
WODA GROUP LLC PURPOSE: GENERAL SUPPORT | $200,000 |
Toledo, OH PURPOSE: GENERAL SUPPORT | $11,667 |
Columbus, OH PURPOSE: EVENT SPONSOR | $10,868 |
Athens, OH PURPOSE: GENERAL SUPPORT | $5,834 |
Chillicothe, OH PURPOSE: GENERAL SUPPORT | $5,834 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ohio Capital Corporation For Housing has recieved totaling $35,524.
| Awarding Organization | Amount |
|---|---|
Ohio Capital Impact Corporation Columbus, OH PURPOSE: DONATION | $31,399 |
Park National Bank Foundation Park National Bank Newark, OH PURPOSE: SUPPORT | $4,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Capital Corporation For Housing Columbus, OH | $156,016,622 | $41,859,308 |
Dsi Diversified Solutions Inc Columbus, IN | $25,909,027 | $27,327,035 |
Habitat For Humanity International Inc Columbus, OH | $20,327,223 | $7,933,183 |
Kent County Habitat For Humanity Grand Rapids, MI | $21,038,671 | $7,407,281 |
Habitat For Humanity International Inc Maumee, OH | $7,412,528 | $5,399,056 |
Habitat For Humanity Of Summit County Inc Akron, OH | $10,560,060 | $8,230,654 |
Lancaster Area Habitat For Humanity Inc Lancaster, PA | $5,963,327 | $5,141,180 |
Habitat For Humanity International Inc Dayton, OH | $7,328,659 | $3,235,611 |
Habitat For Humanity International Inc Traverse City, MI | $3,597,161 | $2,178,774 |
Habitat For Humanity International Inc Reading, PA | $677,514 | $1,374,155 |
Neighborhood Capital Funding Inc Lansing, MI | $14,127,520 | $1,675,905 |
Habitat For Humanity International Inc Morgantown, WV | $797,524 | $1,183,538 |