Arc 1st Housing Corporation
- Assets
- $125.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 05/1985
- Data as of
- 12/2023
- EIN
- 34-1432702
Organization Overview
Arc 1st Housing Corporation is located in Columbus, OH. The organization was established in 1985. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Arc 1st Housing Corporation 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 12/2023, Arc 1st Housing Corporation generated $79.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $68.9k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE LOW INCOME HOUSING FOR ELDERLY AND DISABLED PERSONS. THE ORGANIZATION OWNS AND OPERATES A 7 UNIT LOW INCOME RENTAL HOUSING PROJECT TO PROVIDE LOW INCOME HOUSING. THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SUPERVISES AND REGULATES THE OPERATING METHODS OF THE PROJECT SUBJECT TO THE TERMS AND CONDITIONS OF A REGAULATORY AGREEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Ring Trustee | 1 | $0 | |
John Keller Vice President | 1 | $0 | |
Meredith Foster Treasurer | 1 | $0 | |
Leigh Taylor Secretary | 1 | $0 | |
Tom Ring President | 1 | $0 | |
Rashawnda Perry Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $79,336 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $230 |
| Total Revenue | $79,566 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,698 |
| Professional fees and other payments to independent contractors | $10,190 |
| Occupancy, rent, utilities, and maintenance | $37,490 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,479 |
| Total expenses | $68,857 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,247 |
| Other assets | $0 |
| Total assets | $124,999 |
| Total liabilities | $90,383 |
| Net assets or fund balances | $34,616 |