Bchf Springfield Inc
- Assets
- $0.0
- Revenue
- $39.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 11/2012
- Data as of
- 06/2020
- EIN
- 27-3779762
Organization Overview
Bchf Springfield Inc is located in Columbus, 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. Bchf Springfield Inc 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 06/2020, Bchf Springfield Inc generated $39.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (34.2%) each year. All expenses for the organization totaled $203.3k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS A CHARITABLE ORGANIZATION THAT PROVIDES AFFORDABLE HOUSING FOR THE ELDERLY & HANDICAPPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ORGANIZATION IS TO OWN AND OPERATE A 45 UNIT LOW-INCOME RENTAL HOUSING PROJECT FOR THE ELDERLY AND DISABLED PERSONS KNOWN AS OPPORTUNITIES GARDENS LOCATED IN SPRINGFIELD OHIO. LEASE TERMS ARE TYPICALLY ONE YEAR. HUD SUPERVISES THE OPERATING METHODS OF THE PROJECT AND THE RENT CHARGES TO THE TENANTS PURSUANT TO THE TERMS AND CONDTIIONS OF A REGULATORY AGREEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Boone Director, President | OfficerTrustee | 1 | $0 |
Steven Guthrie Director, Secretary | OfficerTrustee | 1 | $0 |
Carlissa Stewart Director, Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,384 |
| Investment income | $311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$156,936 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,776 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $6,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$25 |
| Payroll taxes | $765 |
| Fees for services: Management | $10,942 |
| Fees for services: Legal | $1,680 |
| Fees for services: Accounting | $102 |
| 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 | $28,162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,827 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,015 |
| Insurance | $13,547 |
| All other expenses | $0 |
| Total functional expenses | $203,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $0 |