OHIO CAPITAL CORPORATION FOR HOUSING (EIN 311265570) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

JENNIFER MULLANEY

Phone

6142248446

Tax Period

2023-01-01 to 2023-12-31

OHIO CAPITAL CORPORATION FOR HOUSING, founded in 1989, is a mid-sized nonprofit in the Housing & Shelter sector that reported $35.5M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8.8M, a strong 25% operating margin.

Mission

ADVANCE THE PRESERVATION, PRODUCTION AND MANAGEMENT OF AFFORDABLE HOUSING THROUGH COLLABORATIVE PARTNERSHIP AND INNOVATIVE THOUGHT LEADERSHIP.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $67,973

Program Service Revenue $33,860,903

Investment Income $1,527,033

Other Revenue $0

TOTAL REVENUE $35,455,909

Expense Breakdown

Grants Paid $1,582,910

Salaries & Benefits $20,474,407

Fundraising Expenses $0

Program Expenses $21,138,668

Other Expenses $4,633,022

TOTAL EXPENSES $26,690,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,455,909	$44,332,623	-0.2%
Expenses	$26,690,339	$27,631,693	0.0%
Net Income	$8,765,570	$16,700,930	-0.5%

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

Governance

Voting Members

Independent Members

N/A

Employees

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

$2,668,607

Total Directors

$101,670

Key Employees

$3,833,947

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA MINGO	DIRECTOR / CHAIR	1.00	Officer Director	$17,490	$0	$17,490
DENNIS GUEST	DIRECTOR	3.00	Director	$4,950	$0	$4,950
GRANDY APPLETON	DIRECTOR	3.00	Director	$8,250	$0	$8,250
HAROLD D KELLER	OUTGOING DIRECTOR	1.50	Director	$2,750	$0	$2,750
JEANNE GOLLIHER	DIRECTOR / SECRETARY	3.00	Officer Director	$13,120	$0	$13,120
JEANNE SCHROER	DIRECTOR	3.00	Director	$13,310	$0	$13,310
JOHN LEE	DIRECTOR	3.00	Director	$8,250	$0	$8,250
KEVIN NOWAK	DIRECTOR	3.00	Director	$2,475	$0	$2,475
RICHARD MCQUADY	DIRECTOR	3.00	Director	$8,250	$0	$8,250
SUSAN E WEAVER	OUTGOING DIRECTOR / VICE CHAIR	3.00	Officer Director	$8,305	$0	$8,305
THOMAS LOOS	DIRECTOR / TREASURER	3.00	Officer Director	$14,520	$0	$14,520
CATHERINE CAWTHON	PRESIDENT	30.00	Officer	$691,567	$285,607	$977,174
JENNIFER MULLANEY	CHIEF FINANCIAL OFFICER	30.00	Officer	$604,096	$230,650	$834,746
JOHN HARTRANFT	EVP RISK AND CORPORATE COU	35.00	Officer	$559,497	$243,755	$803,252
ANTHONY DIBLASI	EVP OPERATIONS AND ASSET M	40.00	Key Emp	$624,091	$253,989	$878,080
BRIAN LANGMEYER	EVP OF DEVELOPMENT	40.00	Key Emp	$591,682	$226,335	$818,017
JENNIFER SEAMONS	OUTGOING EVP, CAPITAL MARKETS	40.00	Key Emp	$502,048	$245,914	$747,962
JONATHAN D WELTY	EXECUTIVE VICE PRESIDENT	10.00	Key Emp	$633,361	$235,544	$868,905
MARCUS VIVONA	SVP, ASSET MANAGEMENT	40.00	Key Emp	$347,381	$173,602	$520,983
ANNIE ROSS	SENIOR VP OF DEVELOPMENT	40.00	Highest	$345,525	$137,941	$483,466
BRADLEY CARMAN	SVP, DEVELOPMENT	40.00	Highest	$298,803	$151,204	$450,007
ERIC KLIPFER	SENIOR VP - CAPITAL MARKET	40.00	Highest	$341,034	$68,910	$409,944
JOSEPH PIMMEL	DIRECTOR OF POLICY AND PRO	40.00	Highest	$375,542	$153,335	$528,877
KEVIN LEWIS	DIRECTOR OF CONTRUCTION MANAGEMENT	40.00	Highest	$279,435	$66,291	$345,726

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	$35,455,909	$26,690,339	$187,314,812	$8,765,570
2022	$44,332,623	$27,631,693	$173,323,407	$16,700,930
2021	$41,859,308	$36,232,313	$156,016,622	$5,626,995
2020	$67,266,176	$53,558,365	$154,344,405	$13,707,811
2019	$102,341,403	$84,842,200	$167,120,734	$17,499,203
2018	$126,263,540	$116,936,663	$173,867,116	$9,326,877

OHIO CAPITAL CORPORATION FOR HOUSING