Homes on The Hill Community Development Corp

EIN: 311349995 501(c)(3) Community Improvement

Columbus, OH

Total Revenue
$795,318
Total Expenses
$769,450
Total Assets
$2,792,356
Net Assets
$1,027,493
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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
1992
Legal Domicile
OH
Phone
6142754663
Tax Period
2024-01-01 to 2024-12-31

Homes on The Hill Community Development Corp, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $795K in total revenue in fiscal year 2024. Expenses of $769K left a modest 3% surplus.

Mission

Strengthening neighborhoods by providing quality affordable housing, advocacy, education, and supportive services to individuals and families of primarily low/moderate incomes.

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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 $698,591
Program Service Revenue $40,325
Investment Income $0
Other Revenue $56,402
TOTAL REVENUE $795,318

Expense Breakdown

Grants Paid $0
Salaries & Benefits $498,246
Fundraising Expenses $12,843
Program Expenses $483,637
Other Expenses $271,204
TOTAL EXPENSES $769,450

Year-over-Year Comparison

2024 2023 Change
Revenue $795,318 $795,736 0.0%
Expenses $769,450 $869,915 -0.1%
Net Income $25,868 $-74,179 -1.3%
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
10
Independent Members
10
Employees
9
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
3
$0
Total Directors
10
$0
Key Employees
2
$221,840
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Torsell Executive Director 40.00
Key Emp
$114,606 $9,601 $124,207
Daniel Ruggiero Assistant Director Counseling Prog 40.00
Key Emp
$85,453 $12,180 $97,633
Mark Diemer Board Secretary 4.00
Director
$0 $0 $0
Heather Simpson Board Member 2.00
Director
$0 $0 $0
Kawther Hersi Musa Board Member 2.00
Director
$0 $0 $0
Christine Bennett-Martin Board Member 2.00
Director
$0 $0 $0
Katelyn Jackson Board Member 2.00
Director
$0 $0 $0
Steve Wasem Board Member 2.00
Director
$0 $0 $0
Louisa Dallett Board Member 2.00
Director
$0 $0 $0
Brian Carnahan Board President 4.00
Officer Director
$0 $0 $0
Gavin French Board Member 2.00
Officer Director
$0 $0 $0
Nikol Owens Board Treasurer 4.00
Officer 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 $795,318 $769,450 $2,792,356 $25,868
2023 $795,736 $869,915 $2,838,689 $-74,179
2022 $995,563 $995,478 $2,741,406 $85
2021 $589,066 $547,882 $3,047,052 $41,184
2020 $766,892 $528,988 $2,992,015 $237,904
2019 $607,461 $620,250 $2,762,532 $-12,789
2018 $646,645 $600,411 $2,409,129 $46,234
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