The Affordable Housing Trust For Columbus & Franklin County
- Assets
- $106.5m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Columbus, OH
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 31-1727952
Organization Overview
The Affordable Housing Trust For Columbus & Franklin County is located in Columbus, OH. The organization was established in 2002. 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. As of 12/2021, Affordable Housing Trust For Columbus & Franklin County employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Trust For Columbus & Franklin County 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, Affordable Housing Trust For Columbus & Franklin County generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 17.7% 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
THE ORGANIZATION SERVES AS A CATALYST FOR THE PRODUCTION OF AFFORDABLE HOMES AND APARTMENTS; ENCOURAGING THE DEVELOPMENT OF HOME OWNERSHIP IN AND NEAR EMPLOYMENT CENTERS; THE ORGANIZATION IS AN INVESTOR IN AFFORDABLE, RESIDENTIAL DEVELOPMENT AND CONSTRUCTION IN OLDER AND OVERLOOKED AREAS AND ALLOCATES THE RESOURCES AVAILABLE TO USE IN THE MOST EFFICIENT AND COST EFFECTIVE WAY POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE HOUSING TRUST HAS PROGRAM-RELATED OBLIGATIONS OF A RESTRICTED BALANCE OF $77.5 MILLION. THE TRUST HAS ALSO FACILITATED THE CREATION OR PRESERVATION OF 1,089 HOUSING UNITS IN COLUMBUS AND FRANKLIN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Gladman President (retired 2021) | Officer | 40 | $297,000 |
Lark Mallory New President (started 2021) | Officer | 40 | $212,799 |
Matt Wootton Director Of Lending | 40 | $148,308 | |
John Spiropoulos Controller | 40 | $113,140 | |
Hal Keller Vice Chair | OfficerTrustee | 1 | $0 |
Robert Weiler Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,379,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,173,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,552,653 |
| Total Program Service Revenue | $2,725,249 |
| Investment income | $9,993 |
| 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 | $15,929,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,325 |
| 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. | $807,511 |
| Compensation of current officers, directors, key employees. | $161,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,725 |
| Pension plan accruals and contributions | $49,742 |
| Other employee benefits | $74,714 |
| Payroll taxes | $60,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,530 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,083 |
| Advertising and promotion | $27,651 |
| Office expenses | $38,332 |
| Information technology | $23,218 |
| Royalties | $0 |
| Occupancy | $85,222 |
| Travel | $91 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,652 |
| Interest | $458,766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,058 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,812,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,046,802 |
| Savings and temporary cash investments | $31,227,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,853 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $73,089,232 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,473 |
| Net Land, buildings, and equipment | $12,185 |
| Investments—publicly traded securities | $107,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,503,633 |
| Accounts payable and accrued expenses | $260,944 |
| Grants payable | $0 |
| Deferred revenue | $504,074 |
| 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 | $17,732,698 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,497,716 |
| Net assets without donor restrictions | $10,476,474 |
| Net assets with donor restrictions | $77,529,443 |
| 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 | $106,503,633 |
Grants Awarded
Over the last fiscal year, The Affordable Housing Trust For Columbus & Franklin County has awarded $25,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: ANNUAL SPONSORSHIP | $10,000 |
Columbus, OH PURPOSE: TCF BIG GIVE CONTRIBUTION | $5,000 |
Columbus, OH PURPOSE: RECOVERY, REFORM & RESILIENCY INITIATIVE | $5,000 |
Columbus, OH PURPOSE: EMERGENCY SUPPORT SERVICES FUND | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Affordable Housing Trust For Columbus & Franklin County has recieved totaling $244,689.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: URBAN AFFAIRS | $150,000 |
Columbus Foundation Columbus, OH PURPOSE: URBAN AFFAIRS | $94,689 |
Endowment Analysis
| Beg. Balance | $4,694 |
| Earnings | $4 |
| Admin Expense | $20 |
| Net Contributions | $162,189 |
| Ending Balance | $166,867 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |
Caracole Inc Cincinnati, OH | $7,131,053 | $11,567,326 |
Taylor Community Development Corp Taylor, MI | $29,334,174 | $14,242,807 |
Community Action Agency Of Delaware County Inc Boothwyn, PA | $15,976,339 | $8,682,122 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |