CENTRAL OHIO HOUSING DEVELOPMENT ORGANIZATION (EIN 311579335) - 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

1997

Legal Domicile

Principal Officer

VALORIE SCHWARZMANN

Phone

6142218889

Tax Period

2024-01-01 to 2024-12-31

CENTRAL OHIO HOUSING DEVELOPMENT ORGANIZATION, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $79K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 18% 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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $100

Program Service Revenue $70,194

Investment Income $9,046

Other Revenue $0

TOTAL REVENUE $79,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,905

Fundraising Expenses $0

Program Expenses $68,743

Other Expenses $69,925

TOTAL EXPENSES $93,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,340	$562,352	-0.9%
Expenses	$93,830	$88,801	+0.1%
Net Income	$-14,490	$473,551	-1.0%

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

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

$8,578

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY LOWENSTEIN	EXECUTIVE DIRECTOR (THRU APRIL 24)	3.00	Officer	$8,578	$0	$8,578
VALORIE SCHWARZMANN	CFO	5.00	Officer	$0	$0	$0
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

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	$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

CENTRAL OHIO HOUSING DEVELOPMENT ORGANIZATION