OHIO CAPITAL IMPACT CORPORATION

EIN: 461632889 501(c)(3) Housing & Shelter

COLUMBUS, OH

Total Revenue
$2,489,310
Total Expenses
$3,346,996
Total Assets
$10,786,764
Net Assets
$9,812,448
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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
2012
Legal Domicile
OH
Principal Officer
JENNIFER MULLANEY
Phone
6142248446
Tax Period
2023-01-01 to 2023-12-31

OHIO CAPITAL IMPACT CORPORATION, founded in 2012, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE OHIO CAPITAL IMPACT CORPORATION (OCIC) WAS FORMED IN DECEMBER OF 2012 AS THE NON-PROFIT, PHILANTHROPIC ARM OF OHIO CAPITAL CORPORATION FOR HOUSING. OCIC WILL CONTRIBUTE FUNDING TO SUPPORT THE EDUCATIONAL, ECONOMIC, HEALTH, AND SOCIAL BETTERMENT OF THE RESIDENTS OF AFFORDABLE HOUSING, TO THE AREAS IN WHICH THEY LIVE AND TO THE ORGANIZATIONS THAT SERVE THEM. SIGNIFICANT PROGRAM SERVICES UNDERTAKEN DURING 2023 ARE CAPITAL FOR PARTNERS PROGRAM, SUMMER CAMP FUND PROGRAM, SCHOLARSHIP PROGRAM, AND DIGITAL INCLUSION. DESCRIPTIONS OF EACH OF THESE PROGRAMS ARE INCLUDED IN PART III, QUESTION 4 OF THE FORM 990.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,264,178
Program Service Revenue $0
Investment Income $188,600
Other Revenue $36,532
TOTAL REVENUE $2,489,310

Expense Breakdown

Grants Paid $3,346,377
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,346,377
Other Expenses $619
TOTAL EXPENSES $3,346,996

Year-over-Year Comparison

2023 2022 Change
Revenue $2,489,310 $4,048,346 -0.4%
Expenses $3,346,996 $2,593,623 +0.3%
Net Income $-857,686 $1,454,723 -1.6%
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
9
Independent Members
N/A
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
7
$2,668,607
Total Directors
11
$101,670
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA MINGO DIRECTOR / CHAIRMAN 0.50
Officer Director
$0 $0 $17,490
SUSAN E WEAVER OUTGOING DIRECTOR / VICE CHAIRMAN 0.50
Officer Director
$0 $0 $8,305
JEANNE GOLLIHER DIRECTOR / SECRETARY 0.50
Officer Director
$0 $0 $13,120
TOM LOOS DIRECTOR / TREASURER 0.50
Officer Director
$0 $0 $14,520
GRADY APPLETON DIRECTOR 0.50
Director
$0 $0 $8,250
DENNIS GUEST DIRECTOR 0.50
Director
$0 $0 $4,950
HAROLD D KELLER OUTGOING DIRECTOR 0.50
Director
$0 $0 $2,750
JOHN LEE DIRECTOR 0.50
Director
$0 $0 $8,250
RICHARD MCQUADY DIRECTOR 0.50
Director
$0 $0 $8,250
JEANNE SCHROER DIRECTOR 0.50
Director
$0 $0 $13,310
KEVIN NOWAK DIRECTOR 0.50
Director
$0 $0 $2,475
CATHERINE CAWTHON PRESIDENT AND CEO 4.50
Officer
$0 $285,607 $977,174
JOHN HARTRANFT EVP RISK AND CORPORATE COU 5.00
Officer
$0 $243,755 $803,252
JENNIFER MULLANEY CFO 5.00
Officer
$0 $230,650 $834,746
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 No data No data No data No data
2023 $2,489,310 $3,346,996 $10,786,764 $-857,686
2022 $4,048,346 $2,593,623 $12,108,306 $1,454,723
2021 $5,228,478 $6,031,147 $12,020,357 $-802,669
2020 $5,985,396 $3,133,259 $11,096,696 $2,852,137
2019 $4,916,027 $2,775,982 $7,937,897 $2,140,045
2018 $4,380,242 $3,150,002 $6,263,657 $1,230,240
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