2016-11-15T11:29:22-06:00 2015-12-31 341897853 CRUM & COMPANY 525 N CLEVELAND MASSILLON RD STE 10 AKRON OH 443333332 990 2015-01-01 341908695 NAZARETH HOUSING DEVELOPMENT CORP NAZA 3303741526 795 RUSSELL AVENUE AKRON OH 44307 NANCI SELF EXECUTIVE DIRECTOR 3303741526 2016-11-12 true KEVIN K CRUM P00255436 3308671222 2016-11-14 2015 2017-02-10 21:41:12Z NANCI SELF 795 RUSSELL AVENUE AKRON OH 44307 445995 false X 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 & JUDICIOUS USE OF VOLUNTEERS. ~STEWARD THE CLIENTS' 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. 11 11 5 219 0 447126 379937 511475 65500 370 558 -2304 -2831 956667 443164 0 0 90850 76108 0 8394 637831 102390 728681 178498 227986 264666 826445 1158144 106580 173613 719865 984531 X NAZARETH HOUSING DEVELOPMENT CORPORATION ("ORGANIZATION") EXISTS TO DEVELOP, ENCOURAGE AND FACILITATE SAFE AND DECENT 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 CONSTRUCTION OF NEW HOMES FOR RENTAL, HOMEOWNERSHIP OR LEASE/PURCHASE. 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 NEIGHBORHOODS THROUGHOUT THE CITY OF AKRON AND CONCENTRATED NEIGHBORHOODS 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. false false 151217 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 AND BRING OLDER HOMES UP TO CURRENT BUILDING CODE STANDARDS FOR LOW TO MODERATE INCOME HOMEOWNERS WITH YOUNG CHILDREN IN THE CITY OF AKRON AND SOUTHERN SUMMIT COUNTY. 151217 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 true false false false false false false false false true 0 0 5 true false false false false false false false false false false X 11 11 false false false false false false false true true false false false true true true false false true false false OH X NANCI SELF 3303741526 795 RUSSELL AVE AKRON OH 44307 MICHAEL A STEEL DIRECTOR 1.00 X 0 0 0 MICHAEL MOLDVAY TREASURER 2.00 X X 0 0 0 ROBERT BRECHT DIRECTOR 1.00 X 0 0 0 ROBERT J WARNER VICE-PRESIDE 2.00 X X 0 0 0 JANICE HARRISON DIRECTOR 1.00 X 0 0 0 PAUL BECKS SECRETARY 2.00 X X 0 0 0 ADAM VINCENT DIRECTOR 1.00 X 0 0 0 KEITH R STAHL PRESIDENT 2.00 X X 0 0 0 JAEDA DANCY DIRECTOR 1.00 X 0 0 0 JUDY WRIGHT DIRECTOR 1.00 X 0 0 0 SHAUNTE ROUSE DIRECTOR 1.00 X 0 0 0 NANCI SELF EXECUTIVE DI 40.00 X 40000 0 0 40000 false false false 11100 336375 32462 71121 379937 RENTAL INCOME 531390 36500 36500 HOME SALES 531390 29000 29000 65500 558 558 11100 2831 -2831 -2831 443164 65500 -2273 40000 29600 7200 3200 29239 21637 5263 2339 6869 5083 1236 550 5045 3733 908 404 603 446 109 48 450 333 81 36 3240 2398 583 259 1554 1150 280 124 4713 3487 849 377 16 12 3 1 14596 14339 178 79 10924 8084 1966 874 COST OF HOUSES SOLD 51191 51191 RENTAL PROPERTY EXPENSE 8774 8774 REPAIRS AND MAINTENANCE 760 563 136 61 DUES AND SUBSCRIPTIONS 426 315 77 34 98 72 18 8 178498 151217 18887 8394 83254 91248 144389 80217 44102 25525 116493 373249 1651 668 621940 34703 436534 587237 22 826445 1158144 86761 33548 15254 135000 4565 5065 106580 173613 X 712865 977531 7000 7000 719865 984531 826445 1158144 264666 X true X false true false X 119139 295854 475056 447126 379937 1717112 109664 362101 458539 511475 65500 1507279 228803 657955 933595 958601 445437 3224391 4045 2378 1309 8084 9472 25288 126645 318749 445394 4045 2378 127954 326833 9472 470682 2753709 106 121 27 370 558 1182 106 121 27 370 558 1182 944 1925 2869 228909 659020 935547 958971 445995 3228442 0.85300 0.86880 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72920 72920 536813 25234 511579 12207 9469 2738 587237 SECURITY DEPOSITS 4090 ACCRUED PAYROLL AND RELATED TAXES 975 5065 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 2015 AND 2014, ARE RECORDED AS MANAGEMENT AND GENERAL IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. X 5 55300 X 11 15821 false true false FORM 990 - ORGANIZATION'S MISSION NAZARETH HOUSING DEVELOPMENT CORPORATION ("ORGANIZATION") EXISTS TO DEVELOP, ENCOURAGE AND FACILITATE SAFE AND DECENT 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 CONSTRUCTION OF NEW HOMES FOR RENTAL, HOMEOWNERSHIP OR LEASE/PURCHASE. 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 NEIGHBORHOODS THROUGHOUT THE CITY OF AKRON AND CONCENTRATED NEIGHBORHOODS 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 MOST OFTEN PERFORM THE FRONT END WORK THAT IS THE FIRST STEP IN STABILIZING NEIGHBORHOODS BY PREVENTING FURTHER DETERIORATION AND IMMEDIATELY IMPROVING EXTERIORS OF THESE ABANDONED HOUSES. THE ORGANIZATION IS AN ACTIVE PART OF THE COMMUNITY IN ADDITIONAL WAYS. THE UNIVERSITY OF AKRON, THE UNITED WAY OF SUMMIT COUNTY AND MANY OTHERS LOOK TO THIS ORGANIZATION FOR MEANINGFUL VOLUNTEER OPPORTUNITIES. THE AKRON MARATHON AND THE AKRON AEROS (NOW THE RUBBER DUCKS) BASEBALL TEAM HAVE RELIED ON THIS ORGANIZATION TO PROVIDE VOLUNTEERS. THE EFFORTS OF THE ORGANIZATION ARE OFFERED IN A MANNER THAT SUPPORTS AND ENCOURAGES SELF-RESPECT, DIGNITY AND SELF-SUFFICIENCY. OUR VISION IS THAT REPLACING BLIGHTED AND INADEQUATE HOUSING WITH SAFE, WELL-DESIGNED HOMES, WE PLANT THE SEEDS OF REBIRTH AND REVITALIZATION TO 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. 2. DONATED SKILLED LABOR AND MATERIALS: NAZARETH WORKS WITH LOCAL, CERTIFIED AND REPUTABLE GENERAL CONTRACTORS TO THOROUGHLY REHABILITATE HOUSES OR TO ABATE 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 AND MUSTARD SEED DEV. CORP WHICH PROVIDE BUDGET AND CREDIT COUNSELING TO OUR CLIENTS. TECHSOUP, A NATIONAL NON-PROFIT, PROVIDES DISCOUNTS ON HARDWARE AND SOFTWARE THAT KEEP THE ORGANIZATION IN THE 21ST CENTURY. 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 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. TOTAL NUMBER OF HOURS SERVED: 883 APPROXIMATE VALUE OF DONATED SERVICE: 27,451 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. 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.