Overview
What is Central Ohio Housing Development Organization?
Central Ohio Housing Development Organization is a nonprofit organization situated in Columbus, Ohio, specifically at 3443 Agler Road Ste 200, 43219. Their primary mission is to develop and operate affordable housing options for low and moderate-income households, either for rental or homeownership, not only in Franklin County, Ohio, but also in its surrounding areas. To fulfill this mission, the organization has undertaken projects like the development of the American Addition Neighborhood, with homes subsequently sold to eligible low and moderate-income homeowners. The organization has a small workforce of two dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Central Ohio Housing Development Organization has received high marks for its accountability and financial performance, with a perfect score of 94% in this area. This rating reflects the organization’s commitment to responsible financial practices, highlighted by their independent board structure and robust audit and oversight measures.
Strengths of the organization include its fully independent board, which ensures unbiased governance, and a strong program expense ratio, indicating that a significant portion of its funds is directed towards its programs rather than overhead. Furthermore, the organization has implemented essential policies such as conflict of interest and whistleblower protections, contributing to its overall financial integrity.
While the organization excels in accountability, the summary does not provide insights into its programmatic impact or community feedback. Nonetheless, the strong financial scores suggest a well-managed nonprofit that prioritizes transparency and responsibility in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Central Ohio Housing Development Organization legitimate?
Central Ohio Housing Development Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Ohio Housing Development Organization submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $20,587
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,803
For more financial information, click here
What is the mission statement of Central Ohio Housing Development Organization?
The Central Ohio Housing Development Organization's mission is centered around developing and operating affordable housing options for low and moderate-income households. This can be either for rental or homeownership purposes, expanding beyond Franklin County, Ohio, to include its surrounding areas as well. The organization's activities encompass the development of the American Addition Neighborhood, Crossing at Joyce, and the subsequent subsidized sale of newly constructed and renovated homes to eligible low and moderate-income homeowners.
Who is the CEO of Central Ohio Housing Development Organization?
Roy Lowenstein is the Executive Director of Central Ohio Housing Development Organization.
What is the revenue of Central Ohio Housing Development Organization?
Central Ohio Housing Development Organization's revenue in 2022 was $1,531,933.
Who are the executives of Central Ohio Housing Development Organization and what are their salaries?
The average compensation at Central Ohio Housing Development Organization during 2022 was $16,695. There are 2 employees at Central Ohio Housing Development Organization.
Here are 7 key members and their salaries:
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- Compensation: $20,587
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- Other: $0
Where can I find the form 990 for Central Ohio Housing Development Organization?
Central Ohio Housing Development Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Ohio Housing Development Organization
The Central Ohio Housing Development Organization is committed to a mission that involves the development and operation of affordable housing for low and moderate-income households. This mission extends beyond Franklin County, Ohio, and encompasses its surrounding areas as well. The organization focuses on providing housing options both for rent and homeownership.
In pursuit of this mission, the Central Ohio Housing Development Organization undertook the development of the American Addition Neighborhood. This project included the construction of new homes and the renovation of existing properties, all with the aim of making them affordable for eligible low and moderate-income homeowners. The organization then proceeded to sell these properties to these qualified individuals, contributing to the provision of affordable housing options in the community.
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Impact
October, 2024
Central Ohio Housing Development Organization significantly impacts the community by developing and operating affordable housing for low and moderate-income households in Franklin County and the surrounding areas. The organization has played a crucial role in revitalizing neighborhoods, such as the American Addition neighborhood, by implementing projects like the Crossing at Joyce and Restore Columbus. These initiatives not only provide newly constructed and renovated homes but also facilitate subsidized sales to eligible buyers, thereby empowering families with the opportunity for homeownership. Through its efforts, the organization helps to bridge the housing gap and promotes stability and economic growth within the community.
This information is meant to be a general summary of Central Ohio Housing Development Organization. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,012
- Program Service Revenue: $1,532,445
- Gross Receipts: $1,532,945
Assets and Liabilities:
- Total Assets: $2,217,966
- Total Liabilities: $1,399,713
- Net Assets: $818,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FORGIVENESS OF DEBT
Revenue
$1,392,053
PROGRAM AND MANAGEMENT
Revenue
$140,392
Organization Details
Founding Year
1997
Phone
(614) 221-8889Principal Officer
Roy Lowenstein
Main Address
3443 AGLER ROAD STE 200, COLUMBUS, OH, 43219
NTEE Category
Code: L80Z - Housing
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