Ohio Capital Corporation for Housing

“The 990 is reviewed internally by staff (president and coo/cfo). It is then reviewed by the finance/audit committee and legal counsel. The audit committee recommends approval to the full board. The 990 is also made available to the full board prior to its filing with the internal revenue service.”

“Officers, directors and employees are required to review the conflict of interest policy annually and complete an interest disclosure statement. An interest disclosure statement must also be completed and filed when situations arise that cause an actual, apparent or potential conflict of interest. Ohio capital corporation is a fairly small company (approx. 58 employees). Any known conflict of interest is brought to the attention of the president for review.”

“An industry peer survey was completed in 2018 for the president and coo. Surveys were also completed in 2022 by industry peers for other positions. The president determines the salaries of officers and key employees. We also review 990s of our industry peers. The president's salary is determined by the board of directors. A separate compensation committee was formed in 2012.”

“The governing documents, conflict of interest policy, and financial statements of the organization are available to the public upon request.”

“To cause the construction, rehabilitation & preservation of affordable housing by providing resources and technical support to developers of affordable housing.”

“Ohio capital corporation for housing (occh) is a financial intermediary that provides developers of affordable rental housing with access to capital. Through our ohio equity funds, occh raises tax credit equity for investment in affordable housing projects throughout ohio and parts of kentucky, indiana, west virginia and pennsylvania. In 2023 occh assisted developers and non-profit sponsors of 26 low-income housing tax credit projects, representing 1,868 units of housing. In 2023, ohio equity fund raised $181 million for ohio equity fund 33a and $82 million in proprietary investments, which will be invested in properties throughout our investment area. As part of our fiduciary responsibility to our investors, occh provides asset management services to the projects including tenant application review, compliance training, physical inspections and quarterly review of occupancy and cash flow. In 2003, acquired the largest portfolio of scattered site project-based section 8 rental housing in the nation. With 250 buildings across seven inner-city neighborhoods in columbus, ohio, these units had historically struggled with poor maintenance, high crime, and residents living in severe poverty with limited social and financial resources. The original portfolio of section-8 units became known as the "cpo initiative." in partnership with numerous community organizations and active support from federal, state, county and local governments, occh implemented a $133 million, nine-phase redevelopment plan for the 1,033 units in the cpo initiative. Also essential to the initiative was an aggressive eliminate the elements safety program, supportive services, strict lease compliance, and re-establishment of trust and accountability between residents and property management. The goal is for families and communities to use cpo housing as the foundation for transformational change. Cpo management has gone beyond traditional property management in responding to its unique challenges, requiring ongoing innovation and significant investment. Understanding these challenges, cpo established community properties impact corporation (cpo impact) in 2007 to help fund initiatives and support the research and development needed to find and design interventions to further the mission of cpo. Cpo serves a resident population living below the poverty guideline with limited access to resources. These residents benefit greatly from supportive services. Leveraging stable housing as a platform for future opportunity, cpo impact applies a two-generation approach working with residents and their children to reduce barriers and assist families to move beyond poverty. Initiatives are strategically designed to address five core objectives: stable housing, safe neighborhoods, resident growth (including moving beyond poverty where possible), successful children and community learning. In addition to managing the cpo units, the management company also manages units in columbus, portsmouth, and toledo many of which are part of occh's overall portfolio. In 2017, cpo opened columbus scholar house and future scholars community learning center. Columbus scholar house is a 38 unit affordable housing community for low-income student parents designed to improve lives, families and communities through education. The future scholars learning center provides quality on-site child-care by partnering with the ymca of central ohio. The center serves columbus scholar house residents as well as other families living in cpo managed properties. The ongoing management of the community properties portfolio continues to be a focus of ohio capital corporation and cpoms. Over the past 20+ years, the occh training academy provided high-quality, low-cost trainings to thousands of staff members across occh's partner relationships, covering a wide range of content responsive to the needs of affordable housing practitioners. In response to the covid-19 crisis, all in-person trainings were suspended si”

“FLOW-THRU LOSS 3,214.”