Provides affordable housing opportunities and workforce training programs to improve the quality of life for residents and at-risk youth in Montgomery County.
Provides affordable housing opportunities and workforce training programs to improve the quality of life for residents and at-risk youth in Montgomery County.
For fiscal year 2021 it reported $2.2M in revenue, $2.5M in expenses, and $14.7M in net assets.Pt I
Where the money goes · FY2021
Total revenue
$2.2M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$14.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$259K
Where spending went · Part IX cols B–D
87%
12%
Program services $0.87 Management & general $0.12 Fundraising $0.01
Program efficiency
87%
of spending reaches programs
Operating runway
15.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-12%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2021 · Form 990
Revenue
$2.2M
FY2021▼ -37%
$7.7M$3.9M$0
FY2020FY2024
Expenses
$2.5M
FY2021▼ -16%
$6.9M$3.5M$0
FY2020FY2024
Total assets
$17.6M
FY2021▼ -2%
$23.2M$11.6M$0
FY2020FY2024
Total liabilities
$3.0M
FY2021▼ -5%
$8.6M$4.3M$0
FY2020FY2024
Total revenue
$2.2M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$14.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$259K
Total assetsPt X · Ln 16$17.6M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419
Mission & Programs · Part III
Where the work happens
3 program services account for $1.4M of program spending, described in the organization's own filed words · FY2020.
01
Loans and Grants for Residential Rehabilitation
A) county corp administers an emergency assistance and accessibility program to assist households earning at or below 80% of the area median income ("ami"). For emergency assistance for repairs or accessibility improvements, homeowners can apply for a grant up to $7,500.
$588Kprogram expense
02
In october 2016, county corp was awarded a department of labor youthbuild grant in the amount of $1,100,000 which provided funding for 40 months to prepare at risk young adults for the workforce or higher education and follow-up and monitoring of their progress.
$551Kprogram expense
03
The Neighborhood Stabilization Program
Purchased and rehabilitated foreclosed homes or apartment units in the cities of huber heights, trotwood, west carrollton, and riverside. The homes were rehabilitated to high standards to ensure long-term affordability and energy conservation for households at or below 120% of the area median income.
Mike Grauwelman’s $154K as Executive Director Land Bank
is at the 71st percentile of top reported officer pay among 2025 $1–10M housing nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Stephen D Naas · Reported title ASST. SECRETARY/PRESIDENT · Highest reported compensation $130K · Total expenses $2.5M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $768K · Total expenses $2.5M
31%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
87%
—
—
Overhead ratio
12%
—
—
Fundraising cost ratio
1%
—
—
Revenue growth
-37%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
1%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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