Civic Intelligence

Delaware Creative Housing Inc

990 • Fiscal year 2023 • EIN 31-1347641

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 04, 2024

100 Alpha DriveDelaware, OH 43015

(740) 368-5810

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

11th percentile

-48%

Higher net margin than 11% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-67%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $542,561 (-100%) from 2022

Net Assets

Down

$0

Down $539,883 (-100%) from 2022

Liabilities

Down

$0

Down $2,678 (-100%) from 2022

Revenue

Down

$39,520

Down $80,588 (-67%) from 2022

Expenses

Down

$58,588

Down $98,616 (-63%) from 2022

Net Income

Up

-$19,068

Up $18,028 (+49%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $3,931,115Liabilities 2015: $1,386,089Net Assets 2015: $2,545,0262015Assets 2016: $3,761,972Liabilities 2016: $1,253,551Net Assets 2016: $2,508,4212016Assets 2017: $1,903,361Liabilities 2017: $1,094,843Net Assets 2017: $808,5182017Assets 2018: $1,776,638Liabilities 2018: $969,156Net Assets 2018: $807,4822018Assets 2019: $681,192Liabilities 2019: $2,709Net Assets 2019: $678,4832019Assets 2020: $661,467Liabilities 2020: $5,198Net Assets 2020: $656,2692020Assets 2021: $583,731Liabilities 2021: $6,752Net Assets 2021: $576,9792021Assets 2022: $542,561Liabilities 2022: $2,678Net Assets 2022: $539,8832022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $730,537Expenses 2015: $705,138Net Income 2015: $25,3992015Revenue 2016: $585,434Expenses 2016: $622,040Net Income 2016: -$36,6062016Revenue 2017: $521,386Expenses 2017: $494,276Net Income 2017: $27,1102017Revenue 2018: $295,029Expenses 2018: $365,113Net Income 2018: -$70,0842018Revenue 2019: $240,750Expenses 2019: $369,750Net Income 2019: -$129,0002019Revenue 2020: $250,543Expenses 2020: $272,757Net Income 2020: -$22,2142020Revenue 2021: $132,788Expenses 2021: $212,078Net Income 2021: -$79,2902021Revenue 2022: $120,108Expenses 2022: $157,204Net Income 2022: -$37,0962022Revenue 2023: $39,520Expenses 2023: $58,588Net Income 2023: -$19,0682023

Highlighted filing

2023

Revenue$39,520
Expenses$58,588
Net Income-$19,068
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 4, 2024
Return Version
2023v5.1
Gross Receipts
$39,520
Mission and Program Overview

Mission

Provide housing for persons with disabilities through partnerships with the Delaware County Board of Development Disabilities. Assist with rental payments to community landlords, provide property management and maintenance to homes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$467,947--
Cash and Non-Interest-Bearing Accounts$54,764--
Accounts Receivable$17,388--
Total Assets$542,561$0▼ $542,561
Other Assets Total$2,462--
Liabilities
Other Liabilities$2,678--
Total Liabilities$2,678$0▼ $2,678
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$539,883--
Total Net Assets Fund Balance$539,883$0▼ $539,883
Total Liabilities and Net Assets / Fund Balance$542,561$0▼ $542,561
Compensation and Service Providers

Board Members and Trustees

NameTitle
John SimatacolosBoard Presidentsecretary
Amber WagnerFinance Director
James CornettOperations Director
Elizabeth OwensCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$49
Program Service Revenue
$2,991
Investment Income
$0
Other Revenue
$36,480
All Other Contributions
$49
Change in Net Assets
$-19,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$53,276
Salaries, Compensation, and Employee Benefits$5,312
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$12,125$8,083-$20,208
Depreciation Depletion$5,256$3,504-$8,760
Insurance$4,699$3,132-$7,831
Office Expenses$3,078$2,052-$5,130
Other Salaries and Wages$2,939$1,959-$4,898
Fees for Services Legal$1,358$905-$2,263
Fees for Services Other$1,139$759-$1,898
Information Technology$1,040$694-$1,734
Fees for Services Accounting$926$618-$1,544
Payroll Taxes$248$166-$414
Other Expenses$197$132-$329
All Other Expenses$-1,259$-839-$-2,098
Total Functional Expenses$35,152$23,436$0$58,588
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant security deposit-
Credit cards-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

Minutes are taken and then disseminated for review to the Executive Director and the Board of Directors for every meeting.

Form 990 governing body review Part VI line 11

The 990 Return is dissimeninated eletronically to each Board member upon completion. A request for a motion of approval of 990 filing, a second to the motion and documenation of approval is put into the Board Records.

Conflict of interest policy compliance Part VI line 12C

Questionnaire is disseminated annually. Dissemination and review is conducted prior to electing a new Board Member. Originals are kept on file of the Board Meeting Records and/or minutes.

CEO executive director top management comp Part VI line 15A

Annually the Board of Directors conducts an informal salary study and comparison of like positions. Compensation is then determined based upon review of performance, in addition to budget consideration, other factors such as cost of living percentages, increased/decreased job responsibilities and budget constraints if any. At the inception of the formation of a Board of Directors and an Executive Director of the corporation, the Executive Directors salary was determined by transferring the salary scale from a like position from the County Board of Development Disabilities.

Other officer or key employee compensation Part VI line 15B

Annually the BOD conducts an informal salary and comparison of like positions. Compensation is then determinded based upon review of preformance, in addition to budget consideration, other factors such as cost of living percentage, increased/decreased job responsibilities and budget constraints if any. At the inception of the formation of a Board of Directors and an Executive Director of the corporation, the Executive Directors salary was determined by transferring the salary scale from a like position from the County Board of Development Disabilities.

Governing documents etc available to public Part VI line 19

The organization makes these documents available upon request in the best feasbile way via personal inspection on site, electronic dissemination or via US mail.

Filing and Contact Details

Filer

Filer Name
Delaware Creative Housing Inc
EIN
31-1347641
Address
100 Alpha Drive, Delaware, OH 43015

Signing Officer

Name
Elizabeth Owens
Title
Chief Executive
Phone
7403685810
Signed
2024-09-04
Discuss with paid preparer
No

Organization Details

Formed
1991
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
3
Employees
4

Preparer

Firm
Hwa Alliance of CPA Firms Inc
Address
6100 OAK TREE BLVD SUITE 200, Independence, OH 44131
Preparer
John R Wright
Phone
2165410090
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

The company decided to stop operating and this will be the final return for Delaware creative Housing.

List of other fees for services expenses Part IX line 11G

Other fees for services expenses:Audit fees $1,100Legal Expenses $2,263Miscellaneous Administrative Expenses $3,632

List of other expenses Part IX line 24E

Other expenses:Condo Fees $48 Management/Condo Fees Other $20,160Misc Maint Repairs 698Real Estate Taxes - Lots $-1,315Health Insurance & Other Employee Benefits $-1,480

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Minutes are taken and then disseminated for review to the Executive Director and the Board of Directors for every meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 Return is dissimeninated eletronically to each Board member upon completion. A request for a motion of approval of 990 filing, a second to the motion and documenation of approval is put into the Board Records.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Questionnaire is disseminated annually. Dissemination and review is conducted prior to electing a new Board Member. Originals are kept on file of the Board Meeting Records and/or minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annually the Board of Directors conducts an informal salary study and comparison of like positions. Compensation is then determined based upon review of performance, in addition to budget consideration, other factors such as cost of living percentages, increased/decreased job responsibilities and budget constraints if any. At the inception of the formation of a Board of Directors and an Executive Director of the corporation, the Executive Directors salary was determined by transferring the salary scale from a like position from the County Board of Development Disabilities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Annually the BOD conducts an informal salary and comparison of like positions. Compensation is then determinded based upon review of preformance, in addition to budget consideration, other factors such as cost of living percentage, increased/decreased job responsibilities and budget constraints if any. At the inception of the formation of a Board of Directors and an Executive Director of the corporation, the Executive Directors salary was determined by transferring the salary scale from a like position from the County Board of Development Disabilities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization makes these documents available upon request in the best feasbile way via personal inspection on site, electronic dissemination or via US mail.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The company decided to stop operating and this will be the final return for Delaware creative Housing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Other fees for services expenses:Audit fees $1,100Legal Expenses $2,263Miscellaneous Administrative Expenses $3,632
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other expenses:Condo Fees $48 Management/Condo Fees Other $20,160Misc Maint Repairs 698Real Estate Taxes - Lots $-1,315Health Insurance & Other Employee Benefits $-1,480
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other expenses Part IX line 24e
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0100 Alpha Drive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1100 Alpha Drive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Delaware
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Delaware
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Payroll Reimbursement
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Payroll Reimbursement
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Delaware Creative HousingHUD IINC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Delaware Creative HousingHUDIIInc
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3Delaware Creative HousingHUDIIInc
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IRS990/TotalFunctionalExpensesGrp/TotalAmt058588
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IRS990/TotalLiabilitiesBOYAmt02678
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IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt02968
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02968
IRS990/TotalProgramServiceExpensesAmt035152
IRS990/TotalProgramServiceRevenueAmt02991
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0542561
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH OWENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE
ReturnHeader/BusinessOfficerGrp/PhoneNum07403685810
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DELAWARE CREATIVE HOUSING INC
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ReturnHeader/Filer/USAddress/AddressLine1Txt0100 Alpha Drive
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813010192
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HWA ALLIANCE OF CPA FIRMS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06100 OAK TREE BLVD SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Independence
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044131
ReturnHeader/PreparerPersonGrp/PhoneNum02165410090
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John R Wright
ReturnHeader/ReturnTs02024-09-04T07:59:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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