Ohio Capital Corporation For Housing
- Assets
- $156.0m
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 76
- Location
- Columbus, OH
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 31-1265570
Organization Overview
Ohio Capital Corporation For Housing is located in Columbus, OH. The organization was established in 1990. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Ohio Capital Corporation For Housing employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Capital Corporation For Housing 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, Ohio Capital Corporation For Housing generated $41.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $36.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ohio Capital Corporation For Housing has awarded 41 individual grants totaling $28,928,811. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE PRESERVATION, PRODUCTION AND MANAGEMENT OF AFFORDABLE HOUSING THROUGH COLLABORATIVE PARTNERSHIP AND INNOVATIVE THOUGHT LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Mingo Director / Chair | OfficerTrustee | 3 | $14,300 |
Dennis Guest Director | Trustee | 3 | $6,000 |
Harold D Keller Director | Trustee | 1.5 | $14,700 |
Jeanne Golliher Director / Secretary | OfficerTrustee | 3 | $11,700 |
Jeanne Schroer Director | Trustee | 3 | $9,800 |
John Lee Director | Trustee | 3 | $7,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barnes And Thornburg Legal | 12/30/22 | $378,749 |
Squire Patton Boggs Legal | 12/30/22 | $325,085 |
Cohnreznick Audit And Tax | 12/30/22 | $300,075 |
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 | $114,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,650 |
| Total Program Service Revenue | $41,627,677 |
| Investment income | $116,981 |
| 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 | $41,859,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,437,413 |
| 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. | $6,141,985 |
| Compensation of current officers, directors, key employees. | $1,532,563 |
| Compensation to disqualified persons | $309,548 |
| Other salaries and wages | $9,299,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,268,906 |
| Payroll taxes | $951,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,757 |
| Fees for services: Accounting | $193,000 |
| Fees for services: Lobbying | $48,150 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,501,638 |
| Advertising and promotion | $23,055 |
| Office expenses | $119,185 |
| Information technology | $411,647 |
| Royalties | $0 |
| Occupancy | $449,424 |
| Travel | $352,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $187,629 |
| Interest | $12,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,405 |
| Insurance | $196,650 |
| All other expenses | $594,429 |
| Total functional expenses | $36,232,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,008,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,945,579 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $550,000 |
| Inventories for sale or use | $67,171 |
| Prepaid expenses and deferred charges | $257,724 |
| Net Land, buildings, and equipment | $2,790,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $69,397,370 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,016,622 |
| Accounts payable and accrued expenses | $8,315,051 |
| Grants payable | $47,013 |
| Deferred revenue | $15,457,732 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,799,201 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $566,227 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,159,809 |
| Total liabilities | $27,345,033 |
| Net assets without donor restrictions | $128,671,589 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $156,016,622 |
Grants Awarded
Over the last fiscal year, Ohio Capital Corporation For Housing has awarded $3,120,595 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS PURPOSE: GENERAL SUPPORT | $10,000 |
CORPORATION FOR SUPPORTIVE HOUSING PURPOSE: GENERAL SUPPORT | $50,000 |
BHE LLC PURPOSE: GENERAL SUPPORT | $27,545 |
OHIO CAPITAL FINANCE CORPORATION PURPOSE: GENERAL SUPPORT | $625,000 |
OHIO CAPITAL IMPACT CORPORATION PURPOSE: GENERAL SUPPORT | $2,408,050 |