Columbus Housing Initiative Inc (EIN 582498678) - 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

Legal Domicile

Phone

7063244663

Tax Period

2023-01-01 to 2023-12-31

Columbus Housing Initiative Inc is a community nonprofit in the Housing & Shelter sector that reported $9.5M in total revenue in fiscal year 2023. Revenue surged 147% from the prior year, signaling strong growth momentum. Expenses of $8.9M left a modest 6% surplus.

Mission

STABILIZE NEIGHBORHOODS THROUGH ESTABLISHING FINANCING, EDUCATION, REHABILITATION OF EXISTING HOUSING AND DEVELOPMENT OF NEW HOUSING

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,129,736

Program Service Revenue $1,237,521

Investment Income $176,783

Other Revenue $3,948,163

TOTAL REVENUE $9,492,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $914,107

Fundraising Expenses $0

Program Expenses $7,932,290

Other Expenses $7,969,377

TOTAL EXPENSES $8,883,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,492,203	$3,840,018	+1.5%
Expenses	$8,883,484	$2,923,150	+2.0%
Net Income	$608,719	$916,868	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jake Wallace	Director	1.00	Director	$0	$0	$0
Verona Campbell	Director	1.00	Director	$0	$0	$0
Steven Voynich Jr	Treasurer	1.00	Director	$0	$0	$0
Tina Lamb	Chair	1.00	Director	$0	$0	$0
Don Thomas	Director	1.00	Director	$0	$0	$0
Rem Brady	Vice Chair	1.00	Director	$0	$0	$0
Lisa Joseph	Vice Chair	1.00	Director	$0	$0	$0
Mimi Woodson	Director	1.00	Director	$0	$0	$0
Alex Chan	Past Chair	1.00	Director	$0	$0	$0
Mitch Watkins	Immed. Past Cha	1.00	Director	$0	$0	$0
Charmia Martin	Director	1.00	Director	$0	$0	$0
Cathleen Williams	President & CEO	40.00	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
2024	No data	No data	No data	No data
2023	$9,492,203	$8,883,484	$42,536,520	$608,719
2022	No data	$196,987	$3,976,667	No data
2021	$8,114,029	$7,662,015	$18,599,553	$452,014
2020	$2,506,577	$2,788,330	$21,544,393	$-281,753
2019	$5,489,142	$3,334,858	$10,924,295	$2,154,284
2018	$7,537,671	$6,834,175	$10,077,168	$703,496

Columbus Housing Initiative Inc