2015-11-16T14:58:04-06:00 2014-12-31 341897853 CRUM & COMPANY 525 N CLEVELAND MASSILLON RD STE 10 AKRON OH 443333332 990 2014-01-01 341908695 NAZARETH HOUSING DEVELOPMENT CORP NAZA 3303741526 795 RUSSELL AVENUE AKRON OH 44307 KEITH R STAHL BOARD PRESIDENT 3303741526 2015-11-15 true KEVIN K CRUM P00255436 3308671222 2015-11-16 2014 2016-04-25 22:37:26Z KEITH R STAHL 795 RUSSELL AVENUE AKRON OH 44307 960028 false X NAZARETHHOUSING.ORG X 1999 OH 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. 10 10 4 152 0 475056 447126 458539 511475 27 370 1925 -2304 935547 956667 0 0 62152 90850 0 10155 638366 637831 700518 728681 235029 227986 1070131 826445 578252 106580 491879 719865 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 641574 511475 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. 54100 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. 695674 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 4 true false false false false false false false false false false X 10 10 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 NANCI SELF EXECUTIVE DI 40.00 X 39583 0 0 39583 false false false 425 364839 81862 71884 447126 HOME SALES 531390 480600 480600 RENTAL INCOME 531390 30859 30859 MISCELLANEOUS 531390 16 16 511475 370 370 1057 425 3361 -2304 -2304 956667 511475 -1934 39583 29291 7125 3167 44328 32803 7979 3546 6939 5135 1249 555 6545 4843 1178 524 537 397 97 43 639 473 115 51 3712 2747 669 296 754 558 136 60 7273 5382 1309 582 243 180 44 19 11632 11375 178 79 11807 8737 2125 945 COST OF HOUSES SOLD 529896 529896 LEAD ABADEMENT PROJECTS 54100 54100 RENTAL PROPERTY EXPENSE 7091 7091 BANK FEES 1334 987 240 107 2268 1679 408 181 728681 695674 22852 10155 55460 83254 11724 144389 114140 44102 667547 116493 2099 1651 456641 20107 219139 436534 22 22 1070131 826445 25655 86761 485081 15254 62996 4520 4565 578252 106580 X 484879 712865 7000 7000 491879 719865 1070131 826445 227986 X true X false true false X 17967 119139 295854 475056 447126 1355142 741958 109664 362101 458539 511475 2183737 759925 228803 657955 933595 958601 3538879 4045 2378 1309 8084 15816 126645 318749 445394 4045 2378 127954 326833 461210 3077669 162 106 121 27 370 786 162 106 121 27 370 786 944 1925 2869 760087 228909 659020 935547 958971 3542534 0.86880 0.99650 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40000 40000 405280 11757 393523 11361 8350 3011 436534 SECURITY DEPOSITS 2868 ACCRUED PAYROLL AND RELATED TAXES 1697 4565 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 2014 AND 2013, ARE RECORDED AS MANAGEMENT AND GENERAL IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND FUNCTIONAL EXPENSES. X 7 69000 X 4 2884 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 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. FORM 990, PART XI, LINE 9 PAGE 9, PART VIII, LINE 8B, DIRECT COSTS 0 PAGE 9, PART VIII, LINE 8B, DIRECT COSTS 0