Buckeye Community Hope Foundation
- Assets
- $52.3m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 38
- Location
- Columbus, OH
- Founding
- 05/1992
- Data as of
- 06/2023
- EIN
- 31-1333992
Organization Overview
Buckeye Community Hope Foundation is located in Columbus, OH. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Buckeye Community Hope Foundation employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buckeye Community Hope Foundation 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 06/2023, Buckeye Community Hope Foundation generated $13.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $13.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Buckeye Community Hope Foundation has awarded 18 individual grants totaling $246,274. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER FEDERAL HOUSING PROGRAMS FOR LOW INCOME FAMILIES AND TO FOSTER HOUSING AND EDUCATION FOR LOW INCOME INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT, CONSTRUCTION AND FINANCING OF LOW INCOME HOUSING
PROVISION OF SUPPORTIVE SERVICES TO RESIDENTS OF LOW INCOME HOUSING
LOW INCOME HOUSING RENTALS
SPONSORSHIP OF CHARTER SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Guthrie Secretary | OfficerTrustee | 4 | $34,500 |
Carlisa Saltsman Treasurer | OfficerTrustee | 4 | $34,500 |
Steven J Boone President | OfficerTrustee | 28.28 | $312,000 |
William Harvey Trustee | Trustee | 4 | $0 |
Philip Lechner Chief Financial Officer | Officer | 40 | $320,000 |
Margaret Young Director Of School Service | Officer | 40 | $286,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rlj Management Inc Asset Management Services | 6/29/23 | $256,464 |
Westminster Real Estate Advisors Llc Construction Management | 6/29/23 | $182,054 |
Cbiz Mhm Llc Audit And Tax Services | 6/29/23 | $147,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $215,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,498 |
| Total Program Service Revenue | $13,008,655 |
| Investment income | $17,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$110,431 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,131,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,390 |
| 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. | $497,242 |
| Compensation of current officers, directors, key employees. | $238,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,587,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $638,608 |
| Payroll taxes | $304,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,351 |
| Fees for services: Accounting | $175,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $256,464 |
| Fees for services: Other | $34,526 |
| Advertising and promotion | $3,306 |
| Office expenses | $198,648 |
| Information technology | $15,945 |
| Royalties | $0 |
| Occupancy | $1,295,453 |
| Travel | $292,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,680 |
| Interest | $2,560,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $355,095 |
| Insurance | $24,159 |
| All other expenses | $132,089 |
| Total functional expenses | $13,019,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,484,758 |
| Savings and temporary cash investments | $2,121,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,662,237 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $462,542 |
| Net Land, buildings, and equipment | $7,343,699 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $31,189,263 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,264,150 |
| Accounts payable and accrued expenses | $1,570,665 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $100,333 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,048,997 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115,556 |
| Total liabilities | $19,835,551 |
| Net assets without donor restrictions | $32,428,599 |
| 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 | $52,264,150 |
Grants Awarded
Over the last fiscal year, Buckeye Community Hope Foundation has awarded $82,446 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MARION FAMILY YMCA PURPOSE: SUMMER CAMP FOR DISADVANTAGED CHILDREN RESIDING IN THE ORGANIZATION'S RENTAL PROPERTIES. | $21,741 |
COALITION ON HOMELESSNESS AND HOUSING IN OHIO PURPOSE: HOMELESSNESS PREVENTION PROGRAM | $11,000 |
YMCA OF CENTRAL OHIO PURPOSE: SUMMER CAMP FOR DISADVANTAGED CHILDREN RESIDING IN THE ORGANIZATION'S RENTAL PROPERTIES. | $25,305 |
DAWES ARBORETUM PURPOSE: SUMMER CAMP FOR DISADVANTAGED CHILDREN RESIDING IN THE ORGANIZATION'S RENTAL PROPERTIES. | $9,900 |
VARIOUS UNDER 5000 PURPOSE: CONSTRUTION OF AFFORDABLE HOUSING | $1,500 |
YMCA OF GREATER DAYTON PURPOSE: SUMMER CAMP FOR DISADVANTAGED CHILDREN RESIDING IN THE ORGANIZATION'S RENTAL PROPERTIES. | $13,000 |