Homes On The Hill Community Development Corporation
- Assets
- $2.8m
- Revenue
- $795.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Columbus, OH
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 31-1349995
Organization Overview
Homes On The Hill Community Development Corporation is located in Columbus, OH. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Homes On The Hill Community Development Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes On The Hill Community Development Corporation 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 12/2023, Homes On The Hill Community Development Corporation generated $795.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $869.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING NEIGHBORHOODS BY PROVIDING QUALITY AFFORDABLE HOUSING, ADVOCACY, EDUCATION, AND SUPPORTIVE SERVICES TO INDIVIDUALS AND FAMILIES OF PRIMARILY LOW/MODERATE INCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING COUNSELING - HOTH PREPARES PEOPLE TO BE SUCCESSFUL HOMEOWNERS AND RENTERS THROUGH ITS FREE HUD-APPROVED HOUSING AND FINANCIAL COUNSELING PROGRAMS. PARTICIPANTS SET THEIR OWN FINANCIAL GOALS, TRACK THEIR PROGRESS, AND DEVELOP SMART MONEY HABITS. AS RESULT, PARTICIPANTS IMPROVE THEIR FINANCIAL CAPACITY, HOUSEHOLDS WORK TO PREVENT FORECLOSURE, AND/OR IMPROVE THEIR RENTAL SITUATION. THE ORGANIZATION PROVIDES HOMEBUYER EDUCATION TO OHIO HOME BUYERS WHO HAD ACCESS TO PROGRAMS OF OHIO HOUSING FINANCE AGENCY. HOTH PROMOTES FAIR HOUSING BY PROVIDING INFORMATION ABOUT FAIR HOUSING, FAIR LENDING, AND/OR ACCESSIBILITY RIGHTS. HOTH ASSISTS HOMEBUYERS WITH ACCESSING DOWNPAYMENT ASSISTANCE AND RENTERS WITH ACCESSING RENTAL ASSISTANCE.
PROPERTY MANAGEMENT - HOTH INDEPENDENTLY OWNS AND MANAGES SEVERAL UNITS OF AFFORDABLE RENTAL HOUSING. HOTH HAS ALSO PARTNERED WITH OTHER ENTITIES TO BUILD AND OWN OVER 200 ADDITIONAL RENTAL UNITS IN THE HILLTOP NEIGHBORHOOD; THESE ARE MANAGED BY HOTHS PARTNERS IN THE PROJECTS. ALL OF THESE RENTAL PROPERTIES ARE RENTED TO ELIGIBLE LOW- OR MODERATE-INCOME HOUSEHOLDS.
HOUSING DEVELOPMENT - WORKING PRIMARILY IN THE HILLTOP NEIGHBORHOOD AND PRAIRIE TOWNSHIP, HOTH PROVIDES LOW- AND MODERATE-INCOME HOUSEHOLDS THE OPPORTUNITY TO PURCHASE OR TO RENT A HOME THAT IS SAFE, DECENT, AND AFFORDABLE. HOTH USES TWO STRATEGIES TO PROVIDE AFFORDABLE HOMEOWNERSHIP: COMPLETING COMPREHENSIVE REHABS OF EXISTING HOUSES AND BUILDING NEW INFILL HOUSES ON VACANT LOTS. HOUSES GENERALLY INCLUDE FEATURES THAT IMPROVE ENERGY EFFICIENCY, SUSTAINABILITY, AND ACCESSIBILITY. CONSTRUCTION COSTS ARE SUBSIDIZED WITH GRANT FUNDS TO MAKE THE HOUSES AFFORDABLE TO LOW- AND MODERATE-INCOME HOUSEHOLDS.
COMMUNITY PROGRAMS - HOTHS COMMUNITY PROGRAMS SEEK TO IMPROVE QUALITY OF LIFE IN THE HILLTOP. HOTH COORDINATES THE BELVIDERE HEALTHY LIVING GARDEN. HOTH ALSO SUPPORTS OTHER NEIGHBORHOOD GROUPS WITH THEIR ACTIVITIES BY SERVING AS A FISCAL AGENT, SPONSORING EVENTS, AND HAVING AN INFORMATION BOOTH AT COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Torsell Executive Director | Officer | 40 | $107,261 |
Melonie Buller Financial Manager | Officer | 31 | $36,707 |
Christine Bennett-Martin Board Member | Trustee | 2 | $0 |
Kawther Hersi Musa Board Member | Trustee | 2 | $0 |
Nancy Day-Achauer Board Member | Trustee | 2 | $0 |
Steve Wasem Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pomante Contractors Inc Construction | 12/30/20 | $281,898 |
Tuscan Group Ltd Construction | 12/30/20 | $259,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $267,176 |
| All other contributions, gifts, grants, and similar amounts not included above | $397,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $664,550 |
| Total Program Service Revenue | $86,421 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,819 |
| 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 | $795,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,210 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,836 |
| Compensation of current officers, directors, key employees. | $39,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,336 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,273 |
| Fees for services: Legal | $12,230 |
| Fees for services: Accounting | $81,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,236 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,793 |
| Office expenses | $18,252 |
| Information technology | $8,018 |
| Royalties | $0 |
| Occupancy | $37,598 |
| Travel | $2,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,154 |
| Interest | $73 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,293 |
| Insurance | $14,974 |
| All other expenses | $14,614 |
| Total functional expenses | $869,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $788,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,863 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,041,901 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $455,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $323,019 |
| Total assets | $2,838,689 |
| Accounts payable and accrued expenses | $30,244 |
| Grants payable | $0 |
| Deferred revenue | $191,988 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,556,203 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,629 |
| Total liabilities | $1,837,064 |
| Net assets without donor restrictions | $933,730 |
| Net assets with donor restrictions | $67,895 |
| 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 | $2,838,689 |