The Affordable Housing Trust For Columbus & Franklin County
- Assets
- $154.2m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Columbus, OH
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 31-1727952
Organization Overview
The Affordable Housing Trust For Columbus & Franklin County is located in Columbus, OH. The organization was established in 2002. 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 12/2023, Affordable Housing Trust For Columbus & Franklin County employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Trust For Columbus & Franklin County 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, Affordable Housing Trust For Columbus & Franklin County generated $19.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $4.9m during the year ending 12/2023. While expenses have increased by 16.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Affordable Housing Trust For Columbus & Franklin County has awarded 21 individual grants totaling $486,594. 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
FACILITATE AND INVEST IN DEVELOPMENTS DESIGNED TO: CREATE AND PRESERVE AFFORDABLE HOMEOWNERSHIP AND RENTAL HOUSING; STRENGTHEN AND STABILIZE NEIGHBORHOODS; SUPPORT WORKING HOUSEHOLDS, SENIORS AND SPECIAL NEEDS POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE HOUSING TRUST HAS PROGRAM-RELATED OBLIGATIONS OF A RESTRICTED BALANCE OF $95.7 MILLION. THE TRUST HAS ALSO FACILITATED THE CREATION OR PRESERVATION OF 1421 HOUSING UNITS IN COLUMBUS AND FRANKLIN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lark Mallory President (retired July 2024) | Officer | 40 | $444,574 |
Tyneisha Harden Director Of Edap And Community Eng. | 40 | $150,199 | |
David Butcher Director Of Lending | 40 | $119,683 | |
Brian Mcclellan Controller | 40 | $126,891 | |
Robert Weiler Chair | OfficerTrustee | 1 | $0 |
Lauren Hagan Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,934,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $966,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,900,825 |
| Total Program Service Revenue | $3,471,592 |
| Investment income | $1,948,016 |
| 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 | $19,360,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $352,851 |
| 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. | $909,304 |
| Compensation of current officers, directors, key employees. | $181,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $527,649 |
| Pension plan accruals and contributions | $43,066 |
| Other employee benefits | $131,753 |
| Payroll taxes | $92,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,504 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,032 |
| Advertising and promotion | $58,198 |
| Office expenses | $63,669 |
| Information technology | $28,297 |
| Royalties | $0 |
| Occupancy | $134,854 |
| Travel | $14,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,615 |
| Interest | $883,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,116 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,939,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,487 |
| Savings and temporary cash investments | $57,189,918 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,370 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $96,100,862 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,625 |
| Net Land, buildings, and equipment | $367,111 |
| Investments—publicly traded securities | $107,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $154,230,973 |
| Accounts payable and accrued expenses | $728,040 |
| Grants payable | $0 |
| Deferred revenue | $1,512,561 |
| 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 | $40,514,617 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,755,218 |
| Net assets without donor restrictions | $15,773,655 |
| Net assets with donor restrictions | $95,702,100 |
| 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 | $154,230,973 |
Grants Awarded
Over the last fiscal year, The Affordable Housing Trust For Columbus & Franklin County has awarded $337,754 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AFFORDABLE HOUSING ALLIANCE OF CENTRAL OHIO PURPOSE: ANNUAL SPONSORSHIP | $10,000 |
LIFECARE ALLIANCE PURPOSE: GRANT PROGRAM | $28,503 |
GERTRUDE WOOD COMMUNITY FOUNDATION PURPOSE: GRANT PROGRAM | $15,000 |
MID-OHIO REGIONAL PLANNING COMMISSION PURPOSE: GRANT PROGRAM | $60,894 |
HABITAT FOR HUMANITY-MIDOHIO PURPOSE: GRANT PROGRAM | $33,000 |
FRANKLINTON RISING PURPOSE: GRANT PROGRAM | $15,967 |