REGIONAL ECONOMICALLY AFFORDABLE COMMUNITY HOUSING

EIN: 455423072 501(c)(3) Housing & Shelter

Painesville, OH

Total Revenue
$1,003,765
Total Expenses
$335,892
Total Assets
$1,194,546
Net Assets
$608,604
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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
2013
Legal Domicile
OH
Principal Officer
Eric Martin
Phone
4403543347
Tax Period
2024-07-01 to 2025-06-30

REGIONAL ECONOMICALLY AFFORDABLE COMMUNITY HOUSING, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $668K, a strong 67% operating margin.

Mission

Create and sustain affordable, safe, and high-quality housing for families of all income levels, with a special focus on low- and middle-income households. We believe that stable housing is the foundation for thriving communities, and we are dedicated to addressing housing shortages by developing innovative, inclusive, and sustainable housing solutions.

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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 $72,302
Program Service Revenue $931,463
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,003,765

Expense Breakdown

Grants Paid $0
Salaries & Benefits $141,862
Fundraising Expenses $0
Program Expenses $312,295
Other Expenses $194,030
TOTAL EXPENSES $335,892

Year-over-Year Comparison

2024 2023 Change
Revenue $1,003,765 N/A N/A
Expenses $335,892 $4,684 +70.7%
Net Income $667,873 $-4,684 -143.6%
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
3
Independent Members
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gregory Schmidt President 4
Officer Director
$0 $0 $0
Charles Stennis Trustee 1
Director
$0 $0 $0
Gregory Patt Trustee 1
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
2025 $1,003,765 $335,892 $1,194,546 $667,873
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