Toledo Housing Corporation is located in Toledo, OH. The organization was established in 2012. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Housing 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 12/2021, Toledo Housing Corporation generated $740.5k 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 (29.7%) each year. All expenses for the organization totaled $70.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (48.3%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TOLEDO HOUSING CORPORATION WAS FORMED TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES IN THE TOLEDO, OHIO, AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOLEDO HOUSING CORPORATION WAS FORMED TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES IN THE TOLEDO, OHIO, AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Douglas A Wilkins President | OfficerTrustee | 1 | $0 |
Stacey Fineberg Secretary | OfficerTrustee | 1 | $0 |
Michael O'neill Vice President | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $32,716 |
All other contributions, gifts, grants, and similar amounts not included above | $125,921 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $158,637 |
Total Program Service Revenue | $576,872 |
Investment income | $4,981 |
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 | $740,490 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $1,738 |
Fees for services: Legal | $6,613 |
Fees for services: Accounting | $10,350 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $15,296 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $23,651 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,311 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $70,392 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,355,845 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $28,490 |
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 | $2,789 |
Net Land, buildings, and equipment | $100,144 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,799,372 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $422,775 |
Total assets | $4,709,415 |
Accounts payable and accrued expenses | $1,785,626 |
Grants payable | $0 |
Deferred revenue | $9 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $52,258 |
Total liabilities | $1,837,893 |
Net assets without donor restrictions | $0 |
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 | $2,871,522 |
Total liabilities and net assets/fund balances | $4,709,415 |
Organization Name | Assets | Revenue |
---|---|---|
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation Grand Rapids, MI | $53,298,449 | $7,853,634 |
Creative Housing Inc Columbus, OH | $43,851,773 | $5,323,506 |
Family Scholar House Inc Louisville, KY | $18,614,591 | $4,995,688 |
Harbor House Ministries Jenison, MI | $5,031,278 | $3,994,152 |
Regina Manor Apartments Inc Toledo, OH | $0 | $7,363 |