YELLOW SPRINGS HOME INC

EIN: 311656193 501(c)(3) Housing & Shelter

YELLOW SPRINGS, OH

Total Revenue
$1,025,341
Total Expenses
$866,128
Total Assets
$5,979,279
Net Assets
$1,816,288
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
OH
Principal Officer
CHRISTOPHER BONGORNO
Phone
9377672790
Tax Period
2024-01-01 to 2024-12-31

YELLOW SPRINGS HOME INC, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 16% operating margin.

Mission

OUR MISSION IS TO STRENGTHEN COMMUNITY ANDDIVERSITY IN YELLOW SPRINGS AND MIAMI TOWNSHIP BY PROVIDING PERMANENTLY AFFORDABLE ANDSUSTAINABLE HOUSING THROUGH OUR COMMUNITY LAND TRUST.

Program Service Accomplishments

Program 1
Expenses: $76,339

THE CASCADES PHASE 1 BROKE GROUND IN AUGUST OF 2024 AND WILL RESULT IN EIGHT UNITS OF RENTAL HOUSING SERVING SENIORS OF LOW-INCOME. THE $2.3 MILLION PROJECT WAS 7.5% COMPLETE BY THE END OF 2024...

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THE CASCADES PHASE 1 BROKE GROUND IN AUGUST OF 2024 AND WILL RESULT IN EIGHT UNITS OF RENTAL HOUSING SERVING SENIORS OF LOW-INCOME. THE $2.3 MILLION PROJECT WAS 7.5% COMPLETE BY THE END OF 2024, INCLUDING SITE CLEARING AND GRADING, POURING FOUNDATIONS, AND INSTALLING ROUGH PLUMBING. YEARS IN THE MAKING, PHASE 1 WAS FUNDED BY OHIO HOUSING TRUST FUND DOLLARS THROUGH THE OHIO HOUSING FINANCE AGENCY, THE OHIO DEPARTMENT OF DEVELOPMENTAL DISABILITIES, THE VILLAGE OF YELLOW SPRINGS, THE FEDERAL HOME LOAN BANK OF CINCINNATI, WRIGHT PATT CREDIT UNION, THE OHIO COMMUNITY DEVELOPMENT FINANCE FUND, CENTERPOINT ENERGY FOUNDATION, THE DAYTON FOUNDATION, AND YELLOW SPRINGS HOME, INC. MORE THAN 300 HOUSEHOLDS ARE ON THE RENTAL INTEREST LIST, EVIDENCING PENT-UP DEMAND. FUNDRAISING FOR PHASE 2, SIX UNITS, WAS ALSO UNDERWAY IN 2024. SITE DEVELOPMENT FINANCING WAS PROVIDED THROUGH THE NATIONAL HOUSING TRUST TO BUILD OUT INFRASTRUCTURE SERVING ALL FOUR PROJECT PHASES, A TOTAL OF 32 UNITS. ALL UNITS WILL BE PART OF THE COMMUNITY LAND TRUST WITH LASTING AFFORDABILITY AND SHARED GOVERNANCE.

Program 2
Expenses: $457,960

MAJOR HOME REPAIR GRANTS: A RECORD 26 MAJOR HOME REPAIR GRANTS WERE COMPLETED IN 2024 IN GREENE, MONTGOMERY, AND CLARK COUNTIES. SERVING HOMEOWNERS OF LOW-INCOME, MAJOR HOME REPAIRS AND MODIFICATIONS...

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MAJOR HOME REPAIR GRANTS: A RECORD 26 MAJOR HOME REPAIR GRANTS WERE COMPLETED IN 2024 IN GREENE, MONTGOMERY, AND CLARK COUNTIES. SERVING HOMEOWNERS OF LOW-INCOME, MAJOR HOME REPAIRS AND MODIFICATIONS ADDRESSED HEALTH, SAFETY, ACCESSIBILITY, AND ENERGY EFFICIENCY ISSUES. FUNDS WERE PROVIDED BY THE USDA HOUSING PRESERVATION GRANT AND FEDERAL HOME LOAN BANK CAROL M. PETERSON HOUSING FUND.

Program 3
Expenses: $153,435

75 HOUSEHOLDS OF LOW-INCOME WERE SERVED THROUGH CLIENT-FIRST PROGRAMS IN 2024. PAIRED WITH AFFORDABLE HOUSING DEVELOPMENT, CLIENT-FIRST PROGRAMS INCLUDE PRE-PURCHASE HOMEBUYER AND FINANCIAL COACHING...

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75 HOUSEHOLDS OF LOW-INCOME WERE SERVED THROUGH CLIENT-FIRST PROGRAMS IN 2024. PAIRED WITH AFFORDABLE HOUSING DEVELOPMENT, CLIENT-FIRST PROGRAMS INCLUDE PRE-PURCHASE HOMEBUYER AND FINANCIAL COACHING, ACCESS TO HUD-APPROVED HOMEBUYER EDUCATION, LOW-INTEREST LOAN PACKAGING THROUGH THE USDA 502-DIRECT PROGRAM, POST-PURCHASE SUPPORT, AND SUPPORT SERVICES COORDINATION. HOME, INC. HAS NOT HAD A SINGLE FORECLOSURE OR EVICTION SINCE ITS FOUNDING IN 1998.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $976,696
Program Service Revenue $0
Investment Income $2,584
Other Revenue $46,061
TOTAL REVENUE $1,025,341

Expense Breakdown

Grants Paid $383,867
Salaries & Benefits $322,624
Fundraising Expenses $44,295
Program Expenses $687,734
Other Expenses $159,637
TOTAL EXPENSES $866,128

Year-over-Year Comparison

2024 2023 Change
Revenue $1,025,341 $843,421 +0.2%
Expenses $866,128 $810,085 +0.1%
Net Income $159,213 $33,336 +3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
10
Employees
6
Volunteers
50

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN MCGRUDER INTERIM TREASURER 2.00
Officer Director
$0 $0 $0
DERRICK GARRETT TRUSTEE 1.00
Director
$0 $0 $0
STEPHANIE RICHARDS TRUSTEE 1.00
Director
$0 $0 $0
APRIL WOLFORD SECRETARY 2.00
Officer Director
$0 $0 $0
STEVE MCQUEEN TRUSTEE 1.00
Director
$0 $0 $0
BECCA BAYMAN TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY FIFE TRUSTEE 1.00
Director
$0 $0 $0
LEN KRAMER EMERITUS 2.00
Director
$0 $0 $0
CHRISTOPHER BONGORNO PRESIDENT 2.00
Officer Director
$0 $0 $0
MARK BAKER TRUSTEE 1.00
Director
$0 $0 $0
LELA KLEIN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
BARBARA A STEWART TRUSTEE 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 $1,025,341 $866,128 $5,979,279 $159,213
2023 $843,421 $810,085 $5,464,179 $33,336
2022 $674,135 $482,087 $4,245,337 $192,048
2021 $374,848 $358,369 $4,215,673 $16,479
2020 $466,676 $370,420 $3,788,418 $96,256
2019 $741,483 $341,939 $2,702,203 $399,544
2019 $560,912 $344,073 $2,788,981 $216,839
2018 $381,299 $243,344 $2,589,004 $137,955
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