CORTLAND AFFORDABLE SENIOR HOUSING INC

EIN: 270014547 501(c)(3) Housing & Shelter

COLUMBUS, OH

Total Revenue
$185,196
Total Expenses
$226,744
Total Assets
$1,140,801
Net Assets
$1,103,637
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
LYNN D DALTON
Phone
6144511919
Tax Period
2024-01-01 to 2024-12-31

CORTLAND AFFORDABLE SENIOR HOUSING INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $185K in total revenue in fiscal year 2024. Expenses of $227K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE HOUSING TO QUALIFIED ELDERLY & HANDICAPPED PERSONS

Program Service Accomplishments

Program 1
Expenses: $175,016 Revenue: $185,196

PROVIDED ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES WITH SUBSIDIES FROM THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT BASED ON TENANT NEEDS. THE HOUSING FACILITIES...

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PROVIDED ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES WITH SUBSIDIES FROM THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT BASED ON TENANT NEEDS. THE HOUSING FACILITIES ARE SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF EXCLUSIVELY ON A NONPROFIT BASIS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $73,402
Program Service Revenue $107,957
Investment Income $208
Other Revenue $3,629
TOTAL REVENUE $185,196

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $175,016
Other Expenses $226,744
TOTAL EXPENSES $226,744

Year-over-Year Comparison

2024 2023 Change
Revenue $185,196 $180,214 +0.0%
Expenses $226,744 $232,245 0.0%
Net Income $-41,548 $-52,031 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$120,000
Total Directors
7
$120,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN D DALTON PRESIDENT 1.00
Officer Director
$0 $0 $120,000
ELLEN H HARDYMON BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS F HAVENS BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT MANGOLD BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES PECK BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN RUTH BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLE WILEY BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $185,196 $226,744 $1,140,801 $-41,548
2023 $180,214 $232,245 $1,180,723 $-52,031
2022 $173,192 $220,147 $1,233,031 $-46,955
2021 $171,156 $211,618 $1,280,293 $-40,462
2020 $176,894 $208,520 $1,319,619 $-31,626
2019 $174,855 $209,369 $1,351,977 $-34,514
2018 $153,072 $199,837 $1,385,025 $-46,765
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