HOMEOWNERSHIP CENTER OF GREATER DAYTON INC

EIN: 364500925 501(c)(3)

DAYTON, OH

Total Revenue
$1,093,589
Total Expenses
$528,138
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
STEPHEN NAAS
Phone
9372256328
Tax Period
2022-10-01 to 2023-09-30

HOMEOWNERSHIP CENTER OF GREATER DAYTON INC, founded in 2002, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $565K, a strong 52% operating margin.

Mission

TO ASSIST CONSUMERS TO ACHIEVE THEIR HOMEONWERSHIP GOALS THROUGH A VARIETY OF SERVICES INCLUDING PRE-PURCHASE EDUCATION AND COACHING FOR POTENTIAL HOMEBUYERS; EDUCATION AND GUIDANCE REGARDING MORTGAGE UNDERWRITING GUIDELINES, FINANCING, AND REFINANCING; FINANCIAL LITERARY TRAINING; HOME MAINTENANCE CLASSES; ASSISTANCE TO CURRENT AND POTENTIAL HOMEOWNERS IN SECURING AVAILABLE RESOURCES TO ACHIEVE THEIR HOMEOWNERSHIP GOALS; POST-PURCHASE COUNSELING, REVERSE MORTGAGE COUNSELING AND MORTGAGE DELINQUENCY INTERVENTION; MARKETING AND CONSUMER INFORMATION REGARDING HOUSING OPPORTUNITIES, LENDING PROGRAMS, AND LOCAL RESOURCES; DOWNPAYMENT ASSISTANCE.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

NEIGHBORHOOD DEVELOPMENT GRANT TO CITYWIDE & COUNTY CORP FOR NEIGHBORHOOD PLANNING AND HOME REPAIR FUNDING.

Program 2
Expenses: $109,650 Revenue: $0

THE AGENCY PROVIDES GRANT FUNDING FOR HOMEOWNERS EXPERIENCING A FINANCIAL HARDSHIP DUE TO COVID-19. APPLICATIONS ARE APPROVED BASED ON PROGRAM GUIDELINES. GRANT FUNDS ARE PROVIDED FOR ELIGIBLE...

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THE AGENCY PROVIDES GRANT FUNDING FOR HOMEOWNERS EXPERIENCING A FINANCIAL HARDSHIP DUE TO COVID-19. APPLICATIONS ARE APPROVED BASED ON PROGRAM GUIDELINES. GRANT FUNDS ARE PROVIDED FOR ELIGIBLE HOUSEHOLDS AND PAID DIRECTLY TO THE MORTGAGE COMPANY TO BRING MORTGAGE, PROPERTY TAXES AND UTILITIES CURRENT.

Program 3
Expenses: $125,693 Revenue: $27,324

THE AGENCY PROVIDES CREDIT COUNSELING TO HELP CLIENTS UNDERSTAND CREDIT AND MONEY MANAGEMENT. SERVICES INCLUDE EDUCATION AND GUIDANCE TO ACHIEVE FINANCIAL GOALS. DEBT MANAGEMENT PLANS ARE OFFERED TO...

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THE AGENCY PROVIDES CREDIT COUNSELING TO HELP CLIENTS UNDERSTAND CREDIT AND MONEY MANAGEMENT. SERVICES INCLUDE EDUCATION AND GUIDANCE TO ACHIEVE FINANCIAL GOALS. DEBT MANAGEMENT PLANS ARE OFFERED TO CLIENTS WHO ARE ELIGIBLE AND ELECT SERVICES TO ASSIST IN UNSECURED DEBT REPAYMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $987,989
Program Service Revenue $99,164
Investment Income $209
Other Revenue $6,227
TOTAL REVENUE $1,093,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $8,174
Program Expenses $460,230
Other Expenses $528,138
TOTAL EXPENSES $528,138

Year-over-Year Comparison

2022 2021 Change
Revenue $1,093,589 $1,516,271 -0.3%
Expenses $528,138 $958,254 -0.4%
Net Income $565,451 $558,017 +0.0%
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
14
Independent Members
12
Employees
N/A
Volunteers
12

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
6
$287,874
Total Directors
14
$287,874
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN NAAS DIRECTOR/PRESIDENT 1.00
Officer Director
$0 $23,295 $162,519
TRACY SCHULTZ DIRECTOR/TREASURER 5.00
Officer Director
$0 $38,542 $125,355
VERONICA BEDELL-NEVELS DIRECTOR 1.00
Director
$0 $0 $0
KEITH BORDERS DIRECTOR 1.00
Director
$0 $0 $0
CARLTON JACKSON DIRECTOR 1.00
Director
$0 $0 $0
TAWANA JONES DIRECTOR 1.00
Director
$0 $0 $0
SHANNON MEADOWS DIRECTOR 1.00
Director
$0 $0 $0
FRANK PETRIE DIRECTOR 1.00
Director
$0 $0 $0
MARYA RUTHERFORD LONG DIRECTOR 1.00
Director
$0 $0 $0
LIZ SONNANSTINE DIRECTOR 1.00
Director
$0 $0 $0
JOHN ZIMMERMAN DIRECTOR 1.00
Director
$0 $0 $0
ANGELA RAHMAN DIRECTOR/CHAIR 1.00
Officer Director
$0 $0 $0
KAREN DEMASI DIRECTOR/VICE CHAIR 1.00
Officer Director
$0 $0 $0
KRISTINA LEWIS DIRECTOR/SECRETARY 1.00
Officer Director
$0 $0 $0
JULIE DEACON EXECUTIVE DIRECTOR 37.00
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
2023 $1,093,589 $528,138 No data $565,451
2022 $1,516,271 $958,254 $1,396,257 $558,017
2021 $1,226,035 $1,318,721 $721,425 $-92,686
2020 $1,343,070 $1,330,752 $675,775 $12,318
2019 $331,631 $420,895 $741,714 $-89,264
2018 $240,483 $509,139 $669,556 $-268,656
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