2024-11-03T08:53:25-05:00 2023-12-31 341897853 CRUM & COMPANY 1640 AKRON PENINSULA RD STE 102 AKRON OH 44313 990 2023-01-01 341908695 NAZARETH HOUSING DEVELOPMENT CORP NAZA 3303741526 795 RUSSELL AVENUE AKRON OH 44307 KEITH HARRIS EXECUTIVE DIRECTOR 3303741526 2024-10-29 true false KEVIN K CRUM P00255436 3308671222 2024-10-31 2023 2024-10-15 13:58:12Z KEITH R STAHL 795 RUSSELL AVENUE AKRON OH 44307 507144 false X WWW.NAZARETHHOUSING.ORG X 1999 OH PERFORM AS AN ENVIRONMENTALLY, FISCALLY AND LOCALLY RESPONSIBLE CORPORATE CITIZEN, AS EVIDENCED BY THE AGENCY'S WORK AND POLICIES: ~REDUCE THE IMPACT OF BUILDING PROJECTS ON THE ENVIRONMENT AND PROTECT THE MUNICIPALITY'S RESOURCES BY CORRECTING AND PLACING INTO SERVICE EXISTING HOUSING STOCK. ~STEWARD THE ORGANIZATION'S RESOURCES WITH AN EXCEPTIONALLY CAPABLE BOARD OF DIRECTORS; HIGHLY SKILLED STAFF: AND EXTENSIVE USE OF VOLUNTEERS. ~STEWARD THE CLIENTS' RESOURCES BY PROVIDING BELOW MARKET RENTS WITH THE CAREFUL USE OF GRANT FUNDS. FURTHER STEWARD RESOURCES BY PLACING ENERGY EFFICIENT FURNACES, WINDOWS AND APPLIANCES IN HOMES AND ASSISTING WITH FINANCIAL LITERACY. ~FURTHER STRENGTHEN NEIGHBORHOODS BY SUPPORTING LOCAL BUSINESSES; HIRING LOCAL CONTRACTORS; SOURCING MATERIALS FROM LOCAL VENDORS; AND BY RE-USING MATERIALS WHEN FEASIBLE. -STRENGTHEN THE LARGER COMMUNITY WITH EFFECTIVE COLLABORATIONS. 5 5 2 154 0 45655 12576 496405 467279 0 750 27189 542810 507044 0 0 98915 82825 0 6016 463341 505212 562256 588037 -19446 -80993 1317999 1317022 92422 172438 1225577 1144584 X NAZARETH HOUSING DEVELOPMENT CORPORATION ("ORGANIZATION") EXISTS TO DEVELOP, ENCOURAGE AND FACILITATE SAFE AND CONTEMPORARY AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS IN SUMMIT COUNTY, OHIO. THIS IS ACCOMPLISHED BY WAY OF REHABILITATION OF OLDER HOMES AND, AS NEEDED, CONSTRUCTION OF NEW HOMES FOR RENTAL, HOMEOWNERSHIP OR LEASE/PURCHASE. THE ORGANIZATION HAS STRONG PARTNERSHIPS WITH LOCAL MUNICIPALITIES TO PROVIDE LEAD HAZARD REDUCTION SERVICES WORK PERFORMED INCLUDES ALL MECHANICALS TO MEET CURRENT BUILDING CODE STANDARDS; UPDATING INTERIOR FINISHES; INTERIOR REDESIGNS; LEAD ABATEMENT; ENERGY EFFICIENT FURNACES/ APPLIANCES/ WINDOWS. IN TENDING TO INDIVIDUAL HOUSES AND FAMILIES, THE ORGANIZATION TAKES CARE OF SPECIFIC NEIGHBORHOODS IN THE CITY OF AKRON AND IN THE COUNTY OF SUMMIT. THE ORGANIZATION FURTHER FULFILLS ITS MISSION BY PARTNERING WITH OTHER GROUPS FOR FINANCIAL ASSISTANCE AND VOLUNTEER SUPPORT. THESE GROUPS INCLUDE THE CITY OF AKRON, COUNTY OF SUMM false false 566038 494436 REHABILITATE VACANT AND/OR ABANDONED HOUSES FOR RENT, LEASE OR PURCHASE BY LOW TO MODERATE INCOME FAMILIES IN SUMMIT COUNTY, OHIO. BRING HOUSES UP TO CURRENT BUILDING CODE STANDARDS; ENSURE SAFE PROPERTY-SPECIFIC WATER TREATMENT SYSTEMS (WELL/SEPTIC); INCREASE ENERGY EFFICIENCY; UPDATE INTERIOR FINISHES AND REDESIGN INTERIORS AS FEASIBLE TO CREATE SAFE, CONTEMPORARY HOMES; BUILD NEW HOMES AS NECESSARY. REMOVE HAZARDOUS LEAD FOR LOW TO MODERATE INCOME HOMEOWNERS WITH YOUNG CHILDREN IN THE CITY OF AKRON AND SOUTHERN SUMMIT COUNTY. MODIFY HOMES FOR LOW INCOME INDIVIDUALS TO IMPROVE ACCESSABILITY/MOBILITY AND ASSIST WITH INDEPENDENT LIVING, AS FUNDS ALLOW. 566038 true true false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 12 0 2 true false false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true false false true false false OH X SUZANNE DAVID 3303741526 795 RUSSELL AVE AKRON OH 44307 KEITH HARRIS EXECUTIVE DI 40.00 X 60000 0 0 ROBERT BRECHT TREASURER 2.00 X X 0 0 0 JENNIFER ROBINSON DIRECTOR 1.00 X 0 0 0 KEITH R STAHL PRESIDENT 2.00 X X 0 0 0 ROBERT J WARNER VICE-PRES./S 2.00 X X 0 0 0 KRISTINA WITTMAN DIRECTOR 1.00 X 0 0 0 60000 false false false S KAHLER SIDING LLC PO BOX 462 HARTVILLE OH 44632 RENOVATION 111450 1 12576 12576 LEAD PROGRAM 531390 316109 316109 RENTAL INCOME 531390 105870 105870 PROJECT INCOME 531390 45300 45300 467279 100 -100 -100 INSURANCE PROCEEDS 531390 27157 27157 OTHER 531390 132 132 27289 507044 494436 32 60000 49362 7728 2910 22825 18778 2940 1107 8456 7439 579 438 820 674 106 40 2109 1736 271 102 4931 4057 635 239 246 202 32 12 6136 6136 51315 51315 18084 14878 2330 876 LEAD ABATEMENT PROJECTS 187052 187052 RENTAL PROPERTY EXPENSES 127129 127129 LEAD RELOCATION EXPENSES 49500 49500 COST OF HOME PROJECTS 39300 39300 10134 8480 1362 292 588037 566038 15983 6016 41270 60262 10631 7999 21448 4205 8746 8746 1324 1107 1579405 344702 1234580 1234703 1317999 1317022 51308 50722 8773 20000 110000 12341 11716 92422 172438 X 1212547 1137584 13030 7000 1225577 1144584 1317999 1317022 -80993 X true X false true false X 494775 23562 54038 45655 12576 630606 95178 292070 313904 496405 494436 1691993 589953 315632 367942 542060 507012 2322599 4250 520 1186 437 450 6843 4250 520 1186 437 450 6843 2315756 365 365 365 365 7440 2532 179 10151 597758 318164 368121 542060 507012 2333115 0.99260 0.99280 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 203990 203990 1360951 332118 1028833 14464 12584 1880 1234703 SECURITY DEPOSITS 11716 11716 X SCHEDULE D, PAGE 3, PART X THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION, OF WHICH THERE WERE NONE IN 2023 AND 2022, ARE RECORDED AS MANAGEMENT AND GENERAL EXPENSE IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS AND FUNCTIONAL EXPENSES. FORM 990 - ORGANIZATION'S MISSION NAZARETH HOUSING DEVELOPMENT CORPORATION ("ORGANIZATION") EXISTS TO DEVELOP, ENCOURAGE AND FACILITATE SAFE AND CONTEMPORARY AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS IN SUMMIT COUNTY, OHIO. THIS IS ACCOMPLISHED BY WAY OF REHABILITATION OF OLDER HOMES AND, AS NEEDED, CONSTRUCTION OF NEW HOMES FOR RENTAL, HOMEOWNERSHIP OR LEASE/PURCHASE. THE ORGANIZATION HAS STRONG PARTNERSHIPS WITH LOCAL MUNICIPALITIES TO PROVIDE LEAD HAZARD REDUCTION SERVICES WORK PERFORMED INCLUDES ALL MECHANICALS TO MEET CURRENT BUILDING CODE STANDARDS; UPDATING INTERIOR FINISHES; INTERIOR REDESIGNS; LEAD ABATEMENT; ENERGY EFFICIENT FURNACES/ APPLIANCES/ WINDOWS. IN TENDING TO INDIVIDUAL HOUSES AND FAMILIES, THE ORGANIZATION TAKES CARE OF SPECIFIC NEIGHBORHOODS IN THE CITY OF AKRON AND IN THE COUNTY OF SUMMIT. THE ORGANIZATION FURTHER FULFILLS ITS MISSION BY PARTNERING WITH OTHER GROUPS FOR FINANCIAL ASSISTANCE AND VOLUNTEER SUPPORT. THESE GROUPS INCLUDE THE CITY OF AKRON, COUNTY OF SUMMIT, FOUNDATIONS, BANKS AND OTHER BUSINESSES, CHURCH GROUPS, STUDENT GROUPS, FAMILIES AND INDIVIDUALS. FINANCIAL ASSISTANCE IS PRIMARILY RECEIVED IN THE FORM OF GRANTS, CASH AND DONATED PROPERTIES. VOLUNTEERS OFTEN PERFORM THE FRONT END WORK THAT IS THE FIRST STEP IN STABILIZING NEIGHBORHOODS BY PREVENTING FURTHER DETERIORATION AND IMMEDIATELY IMPROVING EXTERIORS OF THESE PROPERTIES. THE ORGANIZATION IS AN ACTIVE PART OF THE COMMUNITY IN ADDITIONAL WAYS. THE UNIVERSITY OF AKRON, KNIGHTS OF COLUMBUS, THE UNITED WAY OF SUMMIT COUNTY, LOCAL CHURCHES AND SCHOOLS, AND MANY OTHERS LOOK TO THIS ORGANIZATION FOR MEANINGFUL VOLUNTEER OPPORTUNITIES. THE EFFORTS OF THE ORGANIZATION ARE OFFERED IN A MANNER THAT SUPPORTS AND ENCOURAGES SELF-RESPECT, DIGNITY AND SELF-SUFFICIENCY. OUR VISION IS THAT BY REPLACING BLIGHTED AND INADEQUATE HOUSING WITH SAFE, WELL-DESIGNED HOMES, WE PLANT THE SEEDS OF REBIRTH AND REVITALIZATION IN OUR LOCAL NEIGHBORHOODS, IMPACTING THE ENTIRE COUNTY. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEER SERVICES INCLUDE: 1. DEMOLITION/CONSTRUCTION/HOME IMPROVEMENT FROM UNSKILLED STUDENT VOLUNTEERS, CHURCH GROUPS AND INDIVIDUALS. THE WORK THESE VOLUNTEERS DONATE SAVES CONSTRUCTION COSTS, EXTENDS OUR RESOURCES AND IMPROVES THE APPEARANCE OF THE VACANT AND ABANDONED PROPERTIES NAZARETH REHABILITATES. IN TURN, NAZARETH PROVIDES A MEANINGFUL, HANDS-ON ACTIVITY FOR VOLUNTEERS WHO OFTEN LEARN NEW SKILLS IN THE PROCESS. THE ORGANIZATION HAS UTILITZED THE VISTA PROGRAM AND PLANS TO DO SO AGAIN. 2. DONATED SKILLED LABOR AND MATERIALS: NAZARETH WORKS WITH LOCAL, CERTIFIED AND REPUTABLE GENERAL CONTRACTORS TO THOROUGHLY REHABILITATE HOUSES OR TO ABATE HAZARDOUS LEAD PAINT. NAZARETH'S CONTRACTORS SUBMIT FAIR BIDS AND OFTEN DONATE ADDITIONAL LABOR AND CONSTRUCTION MATERIALS. 3. OTHER GOODS: NAZARETH WORKS WITH LOCAL COMPANIES SUCH AS RG DIGITAL WHO PROVIDE WEB HOSTING SERVICES AT A GREATLY DISCOUNTED RATE AND OTHER NON- PROFITS, FOR INSTANCE EANDC, MUSTARD SEED DEV. CORP AND THE FINANCIAL EMPOWERMENT CENTER, WHICH PROVIDE BUDGET AND CREDIT COUNSELING TO OUR CLIENTS. TECHSOUP, A NATIONAL NON-PROFIT, PROVIDES DISCOUNTS ON HARDWARE AND SOFTWARE THAT KEEP THE ORGANIZATION TECHNOLOGICALLY SAVVY. THE CATHOLIC DIOCESE PROVIDES DEEPLY DISCOUNTED AND COMMUNITY FRIENDLY OFFICE SPACE IN ONE OF OUR PREFERRED NEIGHBORHOOLDS. PROFESSIONAL SERVICES: REAL ESTATE AGENTS AND BROKERS ROUTINELY GRANT A DISCOUNT IN THEIR FEES, IN HONOR OF SERVING OUR MISSION. NAZARETH'S BOARD OF DIRECTORS GO ABOVE AND BEYOND THE NORM IN DONATING HIGHLY SKILLED PROFESSIONAL WORK SUCH AS LEGAL, ACCOUNTING, PROJECT MANAGEMENT AND SURVEYING SERVICES. 4. OFFICE HELP: THE CAPACITY OF NAZARETH'S LIMITED STAFF IS AUGMENTED BY COMMUNITY VOLUNTEERS AND COLLABORATIONS WITH OTHER LOCAL NON-PROFITS WHO PROVIDE NAZARETH WITH WILLING AND CAPABLE VOLUNTEERS TO HELP WITH GENERAL OFFICE DUTIES THAT ASSIST IN OUR DAY-TO-DAY ACTIVITIES. IN TURN, NAZARETH PROVIDES A PLACE FOR THESE VOLUNTEERS TO PRACTICE NEW SKILLS. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE TREASURER AND EXECUTIVE DIRECTOR PRIOR TO SIGNATURE AND FILING. FORM 990, PAGE 6, PART VI, LINE 12C ALL POTENTIAL CONFLICTS ARE REVIEWED AND RESOLVED BY THE BOARD OF DIRECTORS, WITH GUIDANCE FROM LEGAL COUNSEL. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD REVIEWS THE COMPENSATION PACKAGE FOR THE TOP MANAGEMENT OFFICIAL AND COMPARES IT TO SIMILIAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 PROVIDED UPON WRITTEN REQUEST.