Over The Rhine Community Housing
- Assets
- $24.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 54
- Location
- Cincinnati, OH
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 31-1272434
Organization Overview
Over The Rhine Community Housing is located in Cincinnati, OH. The organization was established in 1990. 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. As of 12/2021, Over The Rhine Community Housing employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Over The Rhine Community 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, Over The Rhine Community Housing generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $8.2m during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 7 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
TO DEVELOP AND MANAGE RESIDENT-CENTERED AFFORDABLE HOUSING TO BUILD AN INCLUSIVE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY MANAGEMENT: OTRCH OWNS 236 PROPERTIES AND MANAGES 470 UNITS OF AFFORDABLE HOUSING IN OVER-THE-RHINE. OUR PORTFOLIO IS EXPANDING TO INCLUDE THE NEIGHBORHOODS OF LOWER PRICE HILL, CENTRAL BUSINESS DISTRICT, AND NORTHSIDE. WITHIN THIS PROGRAM, WE OFFER SEVERAL TYPES OF HOUSING: INCLUDING PERMANENT SUPPORTIVE HOUSING FOR PEOPLE EXPERIENCING HOMELESSNESS, LOW-INCOME TAX-CREDIT HOUSING, SECTION 8 HOUSING, SENIOR HOUSING, AND CONVENTIONAL LOW-INCOME HOUSING.
RESIDENT DEVELOPMENT AND SUPPORT: OTRCH RESIDENT DEVELOPMENT AND SUPPORT PROGRAM OFFERS SUPPORTIVE HOUSING TO FAMILIES AND INDIVIDUALS WHO HAVE EXPERIENCED HOMELESSNESS. THIS IS DONE IN PARTNERSHIP WITH OTHER ORGANIZATIONS INCLUDING STRATEGIES TO END HOMELESSNESS, SHELTERHOUSE, GREATER CINCINNATI BEHAVIORAL HEALTH SERVICES, AND OTHERS. WE OPERATE THE FOLLOWING PROPERTIES IN THIS PROGRAM: RECOVERY HOTEL (20 UNITS), BUDDY'S PLACE (20 UNITS), CARRIE'S PLACE (43 UNITS), NANNIE HINKSTON HOUSE (12 UNITS), JIMMY HEATH HOUSE (25 UNITS), SPRING STREET (6 UNITS), AND AN ADITIONAL 115 SCATTERED SITE RENTAL UNITS. RESIDENT SUPPORT INCLUDES ENGAGING RESIDENTS IN ACTIVITIES INCLUDING BLOCK PARTIES, CHILDREN'S SUMMER CAMPS, WEEKLY ART PROGRAMMING, COMMUNITY BUILDING, AND OTHER SPECIAL EVENTS.
HOUSING DEVELOPMENT AND SUPPORT: CONSISTENT WITH THE MISSION STATEMENT, OTRCH'S HOUSING DEVELOPMENT AND SUPPORT PROGRAM WORKS TO ENSURE THAT EXISTING, LOW-WEALTH RESIDENTS BENEFIT FROM OUR NEIGHBORHOOD REVITALIZATION INITIATIVES. ITS DEVELOPMENTS CONTRIBUTE TO THE LOCAL ECONOMY THROUGH EMPLOYMENT OPPORTUNITIES, SUPPORTING COMMUNITY BUSINESSES BY PURCHASING MATERIALS AND SUPPLIES LOCALLY, AND BY INFUSING THE INCOME TAX BASE OF THE NEIGHBORHOOD. DEVELOPER FEES RECEIVED FROM THIS PROGRAM ARE PUT BACK INTO THE COMMUNITY, FUNDING NEW PROJECTS IN ORDER TO PRESERVE AFFORDABILITY IN AND AROUND OVER-THE-RHINE AND THE CITY. THE DEVELOPMENT TEAM IS CURRENTLY WORKING TO DEVELOP 145 UNITS OF AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Burke Rivers Executive Director | Officer | 40 | $105,122 |
Roger Auer President | OfficerTrustee | 1 | $0 |
Georgia Keith Vice President | OfficerTrustee | 1 | $0 |
Jonathan Diskin Treasurer | OfficerTrustee | 1 | $0 |
Bonita L Neumeier Secretary | OfficerTrustee | 3 | $0 |
Mike Bootes Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,500 |
| Related organizations | $0 |
| Government grants | $2,356,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,215,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,604,983 |
| Total Program Service Revenue | $3,880,840 |
| Investment income | $155,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,741 |
| Net Income from Fundraising Events | $1,975 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,722,304 |
| 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. | $144,791 |
| Compensation of current officers, directors, key employees. | $14,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,737,847 |
| Pension plan accruals and contributions | $39,710 |
| Other employee benefits | $477,042 |
| Payroll taxes | $176,816 |
| Fees for services: Management | $22,114 |
| Fees for services: Legal | $6,340 |
| Fees for services: Accounting | $10,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,551 |
| Advertising and promotion | $3,827 |
| Office expenses | $408,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $591,354 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,155,982 |
| Insurance | $130,420 |
| All other expenses | $263,335 |
| Total functional expenses | $8,233,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,827,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $591,611 |
| Accounts receivable, net | $59,408 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,025,636 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,608 |
| Net Land, buildings, and equipment | $14,952,962 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,542,817 |
| Intangible assets | $0 |
| Other assets | $307,865 |
| Total assets | $24,358,276 |
| Accounts payable and accrued expenses | $995,706 |
| 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 | $8,090,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $164,999 |
| Total liabilities | $9,251,393 |
| Net assets without donor restrictions | $14,697,530 |
| Net assets with donor restrictions | $409,353 |
| 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 | $24,358,276 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Over The Rhine Community Housing has recieved totaling $421,517.
| Awarding Organization | Amount |
|---|---|
Homebase Cincinnati Cincinnati, OH PURPOSE: OPERATING & GENERAL | $82,352 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $60,500 |
Robert H Reakirt Fdn Equities 532h-70700010276043 Pittsburgh, PA PURPOSE: RESIDENTIAL SERVICES | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Marge & Charles J Schott Foundation Cincinnati, OH PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $50,000 |
Ohio Capital Impact Corporation Columbus, OH PURPOSE: PROGRAM SUPPORT | $35,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
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 |