The Home Ownership Center Of Greater Cincinnati Inc
- Assets
- $2.3m
- Revenue
- $867.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Cincinnati, OH
- Founding
- 04/1973
- Data as of
- 12/2021
- EIN
- 31-0831240
Organization Overview
The Home Ownership Center Of Greater Cincinnati Inc is located in Cincinnati, OH. The organization was established in 1973. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Home Ownership Center Of Greater Cincinnati Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Ownership Center Of Greater Cincinnati 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 12/2021, Home Ownership Center Of Greater Cincinnati Inc generated $867.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $816.9k during the year ending 12/2021. 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
THE HOME OWNERSHIP CENTER IS A NON-PROFIT ORGANIZATION THAT HAS BEEN SERVING THE CINCINNATI METRO AREA SINCE 1973, AND IS A MEMBER OF THE NEIGHBOR WORKS NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE REHABILITATION AND IMPROVEMENT OF DECLINING AREAS AND DETERIORATING NEIGHBORHOODS WITHIN HAMILTON COUNTY, OHIO, THROUGH PRE-PURCHASE, PURCHASE AND POST PURCHASE COUNSELING AND TRAINING. THE HOME BUYER TRAINING AND FINANCIAL FITNESS ONE ON ONE COUNSELING SERVED 526 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Williams President/ceo | Officer | 40 | $134,436 |
David Cors Chairperson | OfficerTrustee | 1 | $0 |
Patricia Bready Secretary | OfficerTrustee | 1 | $0 |
Trina Jackson Treasurer | OfficerTrustee | 1 | $0 |
Matt Fitzpatrick Vice Chairperson | OfficerTrustee | 1 | $0 |
Deborah Heater Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $346,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,005 |
| Total Program Service Revenue | $42,619 |
| Investment income | $7,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,402 |
| Net Gain/Loss on Asset Sales | $211,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $867,054 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,870 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,101 |
| Compensation of current officers, directors, key employees. | $30,143 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,850 |
| Pension plan accruals and contributions | $6,451 |
| Other employee benefits | $20,337 |
| Payroll taxes | $40,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,620 |
| Fees for services: Accounting | $54,912 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,697 |
| Advertising and promotion | $1,381 |
| Office expenses | $13,069 |
| Information technology | $15,767 |
| Royalties | $0 |
| Occupancy | $66,871 |
| Travel | $289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,679 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,225 |
| Insurance | $15,268 |
| All other expenses | $0 |
| Total functional expenses | $816,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,963 |
| Savings and temporary cash investments | $349,892 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,521 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,360,429 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,528 |
| Net Land, buildings, and equipment | $274,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $138,801 |
| Intangible assets | $0 |
| Other assets | $37,171 |
| Total assets | $2,324,488 |
| Accounts payable and accrued expenses | $102,585 |
| Grants payable | $0 |
| Deferred revenue | $34,036 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,086 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $146,791 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,044,168 |
| Total liabilities | $1,337,666 |
| Net assets without donor restrictions | $110,633 |
| Net assets with donor restrictions | $876,189 |
| 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 | $2,324,488 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Home Ownership Center Of Greater Cincinnati Inc has recieved totaling $190,000.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $100,000 |
Rosenthal Family Foundation Cincinnati, OH PURPOSE: UNRESTRICTED CONTRIBUTION | $75,000 |
Interact For Health Cincinnati, OH PURPOSE: NON-COMPETITIVE GRANTS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Insight Development Corporation Indianapolis, IN | $86,054,404 | $6,705,659 |
Beech Interplex Inc Philadelphia, PA | $34,852,112 | $5,583,039 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,303,531 | $5,790,154 |
Eastern West Virginia Community Action Inc Moorefield, WV | $1,421,827 | $4,960,389 |
Humble Design Inc Pontiac, MI | $2,806,742 | $4,815,118 |
Iccf Nonprofit Housing Corporation Grand Rapids, MI | $1,860,617 | $4,091,908 |
Fairfax Renaissance Development Corporation Cleveland, OH | $25,841,222 | $4,040,938 |
Hnhf Realty Collaborative Columbus, OH | $16,269,081 | $6,664,003 |
Housing Oriented Ministries Established For Services Inc Whitesburg, KY | $4,625,979 | $1,907,969 |
Habitat For Humanity International Inc Chardon, OH | $2,492,105 | $2,255,575 |
Price Hill Will Cincinnati, OH | $9,496,741 | $2,318,881 |
Hamilton County Area Neighborhood Development Inc Noblesville, IN | $13,954,467 | $2,220,714 |