THE HOME OWNERSHIP CENTER OF GREATER CINCINNATI INC

EIN: 310831240 501(c)(3) Housing & Shelter

CINCINNATI, OH

Total Revenue
$921,649
Total Expenses
$635,151
Total Assets
$2,307,754
Net Assets
$1,169,304
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
OH
Phone
5139612800
Tax Period
2023-01-01 to 2023-12-31

THE HOME OWNERSHIP CENTER OF GREATER CINCINNATI INC, founded in 1972, is a small nonprofit in the Housing & Shelter sector that reported $922K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $286K, a strong 31% operating margin.

Mission

THE MISSION OF THE HOME OWNERSHIP CENTER OF GREATER CINCINNATI, INC. IS TO STRENGTHEN COMMUNITIES THROUGH COMPREHENSIVE ECONOMIC AND HOME OWNERSHIP STRATEGIES.

Program Service Accomplishments

Program 1
Expenses: $453,118 Revenue: $24,740

TO FACILITATE REHABILITATION AND IMPROVEMENT OF DECLINING AREAS AND DETERIORATING NEIGHBORHOODS WITHIN HAMILTON COUNTY, OHIO, THROUGH PRE-PURCHASE, PURCHASE AND POST PURCHASE COUNSELING AND TRAINING...

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TO FACILITATE REHABILITATION AND IMPROVEMENT OF DECLINING AREAS AND DETERIORATING NEIGHBORHOODS WITHIN HAMILTON COUNTY, OHIO, THROUGH PRE-PURCHASE, PURCHASE AND POST PURCHASE COUNSELING AND TRAINING. THE HOME BUYER TRAINING AND FINANCIAL FITNESS ONE ON ONE COUNSELING SERVED 312 PEOPLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $828,863
Program Service Revenue $24,740
Investment Income $68,046
Other Revenue $0
TOTAL REVENUE $921,649

Expense Breakdown

Grants Paid $0
Salaries & Benefits $409,487
Fundraising Expenses $42,018
Program Expenses $453,118
Other Expenses $225,664
TOTAL EXPENSES $635,151

Year-over-Year Comparison

2023 2022 Change
Revenue $921,649 $653,095 +0.4%
Expenses $635,151 $674,756 -0.1%
Net Income $286,498 $-21,661 -14.2%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
6
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
5
$139,106
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIRPERSON 1.0
Officer Director
$0 $0 $0
N/A Secretary 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRPERSON 1.0
Officer Director
$0 $0 $0
N/A TREASURER 1.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A PRESIDENT/CEO 40.0
Officer
$134,436 $4,670 $139,106
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 No data No data No data No data
2023 $921,649 $635,151 $2,307,754 $286,498
2022 $653,095 $674,756 $2,143,818 $-21,661
2021 $867,054 $816,906 $2,324,488 $50,148
2020 $721,165 $814,302 $3,023,015 $-93,137
2019 $557,848 $741,622 $8,237,345 $-183,774
2018 $845,814 $777,640 $12,265,050 $68,174
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