Overview
What is The Affordable Housing Trust For Columbus And Franklin County?
The Affordable Housing Trust for Columbus and Franklin County is a catalyst for creating and preserving affordable homes and apartments in the Columbus and Franklin County area. This nonprofit organization invests in residential development and construction, particularly in older and overlooked neighborhoods. By allocating resources efficiently and cost-effectively, The Affordable Housing Trust has facilitated the creation or preservation of 949 housing units and serves as a significant contributor to the production of affordable homes and apartments. With a restricted balance of $84.4 million in program-related obligations, the organization encourages the development of home ownership in employment centers, making a difference in the community. They employ a team of 11 individuals dedicated to their mission.
Official website here: www.hztrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Affordable Housing Trust for Columbus and Franklin County has received a respectable rating of 88% from Charity Navigator, indicating a solid performance in accountability and finance. The organization excels in several areas, including having a fully independent board and a strong financial statements oversight committee. Additionally, they demonstrate effective use of their funds with a high program expense ratio of 90.84%, suggesting that the majority of their spending directly supports their mission.
However, there are notable weaknesses in their governance practices. The organization lacks a whistleblower policy and a document retention and destruction policy, which are important for transparency and accountability. Furthermore, their tax form is not posted on their website as required, which could hinder public access to relevant financial information. These limitations could be areas for improvement to enhance trust and operational transparency among stakeholders.
Overall, while The Affordable Housing Trust for Columbus and Franklin County shows strengths in financial management and governance structure, addressing the gaps in policy documentation could further bolster their credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Affordable Housing Trust For Columbus And Franklin County legitimate?
The Affordable Housing Trust For Columbus And Franklin County is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Affordable Housing Trust For Columbus And Franklin County 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: $837,104
Professional Fundraising Fees: $0
Other Salaries and Wages: $298,857
For more financial information, click here
Official website here: www.hztrust.org
What is the mission statement of The Affordable Housing Trust For Columbus And Franklin County?
The Affordable Housing Trust serves as a catalyst for the creation of affordable homes and apartments. Its mission is to encourage the development of home ownership in areas near employment centers. The organization acts as an investor in affordable residential development and construction in overlooked areas. It allocates resources efficiently and cost-effectively to maximize the production of affordable housing.
Official website here: www.hztrust.org
Who is the CEO of The Affordable Housing Trust For Columbus And Franklin County?
Lark Mallory is the President of The Affordable Housing Trust For Columbus And Franklin County.
Official website here: www.hztrust.org
What is the revenue of The Affordable Housing Trust For Columbus And Franklin County?
The Affordable Housing Trust For Columbus And Franklin County's revenue in 2022 was $13,843,474.
Official website here: www.hztrust.org
Who are the executives of The Affordable Housing Trust For Columbus And Franklin County and what are their salaries?
The average compensation at The Affordable Housing Trust For Columbus And Franklin County during 2022 was $103,269. There are 11 employees and 19 volunteers at The Affordable Housing Trust For Columbus And Franklin County.
Here are 24 key members and their salaries:
- Compensation: $261,941
- Related: $0
- Other: $32,933
- Compensation: $159,552
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- Other: $10,669
- Compensation: $108,117
- Related: $0
- Other: $23,026
- Compensation: $108,052
- Related: $0
- Other: $21,774
- Compensation: $110,310
- Related: $0
- Other: $729
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Official website here: www.hztrust.org
Where can I find the form 990 for The Affordable Housing Trust For Columbus And Franklin County?
The Affordable Housing Trust For Columbus And Franklin County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hztrust.org
Learn more at the official website: www.hztrust.org
Mission Statement of The Affordable Housing Trust For Columbus And Franklin County
The Affordable Housing Trust for Columbus and Franklin County serves as a catalyst for the production of affordable homes and apartments in their community. By investing in residential development and construction in older and overlooked areas, this organization is making a significant impact on the availability of affordable housing. Through their efficient and cost-effective use of resources, they encourage the development of home ownership near employment centers.
The Affordable Housing Trust for Columbus and Franklin County is more than just an investor in affordable housing. They allocate their resources wisely to maximize the production of affordable homes and apartments. Their mission is to make a difference in the lives of those in need of affordable housing, ensuring that they have a stable and secure place to call home. By focusing on older and overlooked areas, they are revitalizing communities and creating opportunities for growth and development.
This organization's commitment to affordable housing extends beyond just building homes. They are dedicated to making a real difference in the lives of individuals and families by providing them with the opportunity to own a home near their place of employment. In doing so, they help to break the cycle of poverty and create sustainable, thriving communities.
Overall, The Affordable Housing Trust for Columbus and Franklin County is an essential partner in the effort to address the affordable housing crisis in their community. Their innovative approach to investing in affordable housing development and their dedication to making a difference in people's lives sets them apart as a leader in this important cause.
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Impact
October, 2024
The Affordable Housing Trust for Columbus and Franklin County plays a vital role in addressing the housing needs of the community by catalyzing the production of affordable homes and apartments. Focusing on the development of home ownership near employment centers, the Trust actively invests in residential development and construction in older and underserved neighborhoods.
With program-related obligations totaling a restricted balance of $84.4 million in 2022, the Trust ensures that resources are allocated effectively and efficiently. Its efforts have led to the creation or preservation of 949 housing units in Columbus and Franklin County, significantly enhancing housing access for residents in these areas. The impact of the Trust extends beyond just providing shelter; it fosters community stability, promotes economic growth, and supports the social fabric by enabling individuals and families to secure safe, affordable housing.
This information is meant to be a general summary of The Affordable Housing Trust For Columbus And Franklin County. 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: $351,976
- Program Service Revenue: $3,118,245
- Gross Receipts: $13,844,835
Assets and Liabilities:
- Total Assets: $122,419,239
- Total Liabilities: $25,364,435
- Net Assets: $97,054,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON NOTES RECEIVABLE
Revenue
$2,777,820
LOAN FEES
Revenue
$240,425
MANAGEMENT INCOME
Revenue
$100,000
Organization Details
Founding Year
2000
Phone
(614) 228-6488Principal Officer
Lark Mallory
Main Address
175 SOUTH THIRD ST 1250, COLUMBUS, OH, 43215
Website
www.hztrust.orgNTEE Category
Code: L20 - Housing
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