Civic Intelligence

Housing Ventures Inc.

990 • Fiscal year 2021 • EIN 31-1672352

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 02, 2022

CO Cmha 880 E 11th AveColumbus, OH 43211-2771

(614) 421-6401

Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

87th percentile

51%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

97th percentile

$446,037

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 28.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

82nd percentile

39%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

34%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,312,004

Down $74,945 (-3.1%) from 2019

Net Assets

Up

$2,199,505

Up $163,792 (+8.0%) from 2019

Liabilities

Down

$112,499

Down $238,737 (-68%) from 2019

Revenue

Up

$1,542,749

Up $473,697 (+44%) from 2019

Expenses

Down

$757,556

Down $8,298 (-1.1%) from 2019

Net Income

Up

$785,193

Up $481,995 (+159%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,986,101Liabilities 2010: $281,005Net Assets 2010: $3,705,0962010Assets 2011: $3,861,059Liabilities 2011: $135,021Net Assets 2011: $3,726,0382011Assets 2013: $3,771,646Liabilities 2013: $144,786Net Assets 2013: $3,626,8602013Assets 2014: $3,878,622Liabilities 2014: $190,755Net Assets 2014: $3,687,8672014Assets 2015: $3,803,036Liabilities 2015: $145,851Net Assets 2015: $3,657,1852015Assets 2016: $3,976,346Liabilities 2016: $167,981Net Assets 2016: $3,808,3652016Assets 2017: $4,158,357Liabilities 2017: $179,783Net Assets 2017: $3,978,5742017Assets 2019: $2,386,949Liabilities 2019: $351,236Net Assets 2019: $2,035,7132019Assets 2021: $2,312,004Liabilities 2021: $112,499Net Assets 2021: $2,199,5052021Assets 2022: $1,530,334Liabilities 2022: $125,091Net Assets 2022: $1,405,2432022Assets 2024: $1,326,971Liabilities 2024: $125,814Net Assets 2024: $1,201,1572024

Highlighted filing

2021

Assets$2,312,004
Liabilities$112,499
Net Assets$2,199,505

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $740,6922010Expenses 2011: $812,5382011Revenue 2013: $891,956Expenses 2013: $1,014,151Net Income 2013: -$122,1952013Revenue 2014: $938,918Expenses 2014: $877,908Net Income 2014: $61,0102014Revenue 2015: $876,649Expenses 2015: $907,331Net Income 2015: -$30,6822015Revenue 2016: $950,490Expenses 2016: $799,310Net Income 2016: $151,1802016Revenue 2017: $1,009,039Expenses 2017: $838,830Net Income 2017: $170,2092017Revenue 2019: $1,069,052Expenses 2019: $765,854Net Income 2019: $303,1982019Revenue 2021: $1,542,749Expenses 2021: $757,556Net Income 2021: $785,1932021Revenue 2022: $1,206,144Expenses 2022: $2,000,405Net Income 2022: -$794,2612022Revenue 2024: $1,344,101Expenses 2024: $1,158,910Net Income 2024: $185,1912024

Highlighted filing

2021

Revenue$1,542,749
Expenses$757,556
Net Income$785,193
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 2, 2022
Return Version
2021v4.2
Gross Receipts
$1,542,749
Mission and Program Overview

Mission

Provide and maintain housing for low-income individuals and families

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$754,243$1,282,575▲ $528,332
Land, Buildings, and Equipment, Net$803,688$920,841▲ $117,153
Savings and Temporary Cash Investments$80,138$84,646▲ $4,508
Prepaid Expenses and Deferred Charges$20,462$21,513▲ $1,051
Accounts Receivable$2,984$2,429▼ $555
Total Assets$1,661,515$2,312,004▲ $650,489
Liabilities
Accounts Payable and Accrued Expenses$247,203$112,499▼ $134,704
Total Liabilities$247,203$112,499▼ $134,704
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,414,312$2,199,505▲ $785,193
Total Net Assets Fund Balance$1,414,312$2,199,505▲ $785,193
Total Liabilities and Net Assets / Fund Balance$1,661,515$2,312,004▲ $650,489

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$920,841$106,690$1,027,531
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles HillmanPresident
Thomas WilliamsonChief Financial Officer
Scott ScharlachChief Operating Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$33,000
Program Service Revenue
$1,169,263
Investment Income
$32,831
Other Revenue
$307,655
Change in Net Assets
$785,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$564,223
Salaries, Compensation, and Employee Benefits$193,333
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$151,745--$151,745
Fees for Services Management$49,645$9,000-$58,645
Depreciation Depletion$41,057--$41,057
Office Expenses$28,420--$28,420
Other Employee Benefits$27,961--$27,961
Other Expenses$24,150--$24,150
Insurance$18,687--$18,687
Payroll Taxes$13,627--$13,627
Fees for Services Accounting-$7,795-$7,795
Fees for Services Legal$1,973--$1,973
Advertising$1,411--$1,411
Total Functional Expenses$740,761$16,795$0$757,556
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has retained an unrelated management company to manage the day to day operations of its affordable housing project.

Form 990, Part VI, Section A, Line 6

The organization's sole member is the columbus metropolitan housing authority

Form 990, Part VI, Section A, Line 7A

The organization has a single not for profit member that elects the organization's board of directors.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committies.

Form 990, Part VI, Section B, Line 11B

The organization's 990 is prepared by an outside accounting firm. The accounting firm provides a draft of the 990 to the organization's cfo who reviews and signs the 990.

Form 990, Part VI, Section B, Line 12C

Each board of directors member executes a conflict of interest statement annually.

Form 990, Part VI, Section C, Line 19

These documents are available for inspection at the organization's mailing address upon request during normal business hours.

Filing and Contact Details

Filer

Filer Name
Housing Ventures Inc
EIN
31-1672352
Phone
6144216401
Address
CO CMHA 880 E 11TH AVE, COLUMBUS, OH 43211-2771

Signing Officer

Name
Tom Williamson
Title
CFO
Phone
6144216000
Signed
2022-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Williamson
Formed
1999
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cbiz Mhm LLC
Address
5450 FRANTZ ROAD SUITE 300, DUBLIN, OH 43016
Preparer
Michael F Drennen
Phone
6147934501
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0920841
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0106690
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01027531
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0920841
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0315424
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1228692
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2222847
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt066600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt158017
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt249899
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt115084
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt211356
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt052023
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt127756
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt215727
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHARLES HILLMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1THOMAS WILLIAMSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SCOTT SCHARLACH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF OPERATING OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0446037
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1329549
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2299829
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS RETAINED AN UNRELATED MANAGEMENT COMPANY TO MANAGE THE DAY TO DAY OPERATIONS OF ITS AFFORDABLE HOUSING PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S SOLE MEMBER IS THE COLUMBUS METROPOLITAN HOUSING AUTHORITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A SINGLE NOT FOR PROFIT MEMBER THAT ELECTS THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY COMMITTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE ACCOUNTING FIRM PROVIDES A DRAFT OF THE 990 TO THE ORGANIZATION'S CFO WHO REVIEWS AND SIGNS THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH BOARD OF DIRECTORS MEMBER EXECUTES A CONFLICT OF INTEREST STATEMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THESE DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE ORGANIZATION'S MAILING ADDRESS UPON REQUEST DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COLUMBUS METROPOLITAN HOUSING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0316401164
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0880 E 11TH AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COLUMBUS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd043211
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt00
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0DEMINIMUS AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0COLUMBUS METROPOLITAN HOUSING AUTHORITY (CMHA)
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01661515
IRS990/TotalAssetsEOYAmt02312004

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