CENTRAL OHIO HOUSING DEVELOPMENT ORGANIZATION

EIN: 311579335 501(c)(3) Housing & Shelter

COLUMBUS, OH

Total Revenue
$5,939
Total Expenses
$65,000
Total Assets
$2,333,947
Net Assets
$1,218,253
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
OH
Principal Officer
VALORIE SCHWARZMANN
Phone
6142218889
Tax Period
2025-01-01 to 2025-12-31

CENTRAL OHIO HOUSING DEVELOPMENT ORGANIZATION, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $6K in total revenue in fiscal year 2025. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $65K exceeded revenue, resulting in a 994% operating deficit.

Mission

DEVELOP AND OPERATE AFFORDABLE HOUSING TO LOW AND MODERATE-INCOME HOUSEHOLDS WHETHER FOR RENTAL OR HOMEOWNERSHIP IN FRANKLIN COUNTY, OHIO AND CONTIGUOUS COUNTIES.

Program Service Accomplishments

Program 1
Expenses: $18,522 Revenue: $-555

DEVELOPMENT OF THE AMERICAN ADDITION NEIGHBORHOOD AND SUBSEQUENT SUBSIDIZED SALE OF THE NEW CONSTRUCTION AND RENOVATED HOMES TO ELIGIBLE LOW AND MODERATE-INCOME HOMEOWNERS.

Program 2
Expenses: $18,522 Revenue: $-555

DEVELOPMENT AND CONSTRUCTION OF THE HILLTOP HOMES II 9% LOW-INCOME HOUSING TAX CREDIT PROJECT FOR LOW AND MODERATE INCOME FAMILIES IN COLUMBUS, OH AND OF THE HAMILTON CROSSING AND HAMILTON ANNEX 9%...

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DEVELOPMENT AND CONSTRUCTION OF THE HILLTOP HOMES II 9% LOW-INCOME HOUSING TAX CREDIT PROJECT FOR LOW AND MODERATE INCOME FAMILIES IN COLUMBUS, OH AND OF THE HAMILTON CROSSING AND HAMILTON ANNEX 9% LOW-INCOME HOUSING TAX CREDIT PROJECT FOR LOW AND MODERATE-INCOME SENIORS IN WHITEHALL, OH.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $-1,110
Investment Income $7,049
Other Revenue $0
TOTAL REVENUE $5,939

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,044
Other Expenses $65,000
TOTAL EXPENSES $65,000

Year-over-Year Comparison

2025 2024 Change
Revenue $5,939 $79,340 -0.9%
Expenses $65,000 $93,830 -0.3%
Net Income $-59,061 $-14,490 +3.1%
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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Governance

Voting Members
5
Independent Members
5
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HART CHAIRPERSON 1.00
Officer Director
$0 $0 $0
BUFFIE MCGEE PATTERSON DIRECTOR 1.00
Director
$0 $0 $0
BEVERLYN JOHNS DIRECTOR 1.00
Director
$0 $0 $0
REBECCA EDDY DIRECTOR 1.00
Director
$0 $0 $0
BRUCE LUECKE DIRECTOR 1.00
Director
$0 $0 $0
VALORIE SCHWARZMANN CFO 5.00
Officer
$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
2025 $5,939 $65,000 $2,333,947 $-59,061
2024 $79,340 $93,830 $2,393,008 $-14,490
2023 $562,352 $88,801 $2,405,004 $473,551
2022 $1,531,933 $94,881 $2,217,966 $1,437,052
2021 $256,768 $102,620 $1,861,264 $154,148
2020 $68,709 $101,173 $1,477,554 $-32,464
2019 $15,239 $106,186 $1,765,912 $-90,947
2018 $137,571 $120,985 $1,688,827 $16,586
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