Clermont Housing Corporation
- Assets
- $5.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Batavia, OH
- Founding
- 04/2018
- Data as of
- 09/2021
- EIN
- 81-1594222
Organization Overview
Clermont Housing Corporation is located in Batavia, OH. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clermont 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 09/2021, Clermont Housing Corporation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $893.4k during the year ending 09/2021. While expenses have increased by 17.7% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING OPPORTUNITIES THROUGH DEVELOPMENT, OWNERSHIP, RENTAL AND/OR SALE OF HOUSING TO ELIGIBLE OCCUPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING OPPORTUNITIES THROUGH DEVELOPMENT, OWNERSHIP, RENTAL AND/OR SALES OF HOUSING TO ELIGIBLE OCCUPANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Pace Member | OfficerTrustee | 0.25 | $0 |
Shawn Ingram Member | OfficerTrustee | 0.25 | $0 |
Anders Juel Director | OfficerTrustee | 0.25 | $0 |
Shawn Maynes Vice Chairman | OfficerTrustee | 0.25 | $0 |
Cynthia Gramke Chairman | OfficerTrustee | 0.25 | $0 |
Matt Koch Finance Director | 0.75 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $886,585 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $174,445 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,061,050 |
| 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 | $56,829 |
| Fees for services: Legal | $5,365 |
| Fees for services: Accounting | $9,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,045 |
| Advertising and promotion | $58 |
| Office expenses | $11,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,614 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $228,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,371 |
| Insurance | $31,190 |
| All other expenses | $0 |
| Total functional expenses | $893,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,086,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,186,612 |
| Accounts payable and accrued expenses | $248,570 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,065,583 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,702 |
| Total liabilities | $4,389,855 |
| Net assets without donor restrictions | $796,756 |
| Net assets with donor restrictions | $1 |
| 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 | $5,186,612 |
Endowment Analysis
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Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
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