COLUMBUS HOUSING ENTERPRISE

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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

2022

Legal Domicile

Principal Officer

JOHN EDGAR

Phone

6145454835

Tax Period

2023-01-01 to 2023-12-31

COLUMBUS HOUSING ENTERPRISE, founded in 2022, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 2320% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 9% surplus.

Mission

THE MISSION OF COLUMBUS HOUSING ENTERPRISE IS TO IMPROVE THE QUALITY OF LIFE OF LOW AND MODERATE-INCOME PEOPLE THROUGH THE PRESERVATION AND DEVELOPMENT OF SAFE, DECENT, AND AFFORDABLE HOUSING, WHICH IS THE PRIMARY SOCIAL DETERMINANT OF HEALTH. THE ORGANIZATION PRIORITIZES THE ACQUISITION AND MANAGEMENT OF MULTI-FAMILY NATURALLY OCCURRING AFFORDABLE HOUSING TO ENSURE LONG-TERM AFFORDABILITY.

Program Service Accomplishments

Program 1

Expenses: $1,648,602 Revenue: $1,748,264

TO IMPROVE THE QUALITY OF LIFE OF LOW AND MODERATE-INCOME PEOPLE THROUGH THE PRESERVATION AND DEVELOPMENT OF SAFE, DECENT, AND AFFORDABLE HOUSING, WHICH IS THE PRIMARY SOCIAL DETERMINANT OF HEALTH...

TO IMPROVE THE QUALITY OF LIFE OF LOW AND MODERATE-INCOME PEOPLE THROUGH THE PRESERVATION AND DEVELOPMENT OF SAFE, DECENT, AND AFFORDABLE HOUSING, WHICH IS THE PRIMARY SOCIAL DETERMINANT OF HEALTH. THE ORGANIZATION PRIORITIZES THE ACQUISITION AND MANAGEMENT OF MULTI-FAMILY NATURALLY OCCURRING AFFORDABLE HOUSING TO ENSURE LONG-TERM AFFORDABILITY.

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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 $4,500

Program Service Revenue $1,748,264

Investment Income $10,640

Other Revenue $196,834

TOTAL REVENUE $1,960,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,648,602

Other Expenses $1,793,606

TOTAL EXPENSES $1,793,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,960,238	$81,000	+23.2%
Expenses	$1,793,606	$35	+51244.9%
Net Income	$166,632	$80,965	+1.1%

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

N/A

Volunteers

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAL KELLER	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
PATTY MCCLIMON	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
LEAH EVANS	TREASURER	1.00	Officer Director	$0	$0	$0
JORDAN HENDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN WYMER	DIRECTOR	1.00	Director	$0	$0	$0
JIM WEILER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KELLEY	DIRECTOR (ENDED JUNE 2023)	1.00	Director	$0	$0	$0
ROBERT BITZENHOFER	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN EDGAR	EXECUTIVE DIRECTOR	15.00	Officer	$50,000	$0	$50,000

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	$1,960,238	$1,793,606	$37,914,208	$166,632
2022	$81,000	$35	$80,965	$80,965