Creative Housing III EIN 51-0530551 Form 990 (PDF) Claim this org

Creative Housing III

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Provides safe, accessible, and affordable housing for people with disabilities. For fiscal year 2024 it reported $140K in revenue, $209K in expenses, and $1.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Columbus, OH
Website
www.creativehousing.org
Filings
5 on file (2020–2024)
Revenue
$140KFY2024
Expenses
$209K
Net assets
$1.0M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  51-0530551 Public charity (501(c)(3)) Columbus, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides safe, accessible, and affordable housing for people with disabilities.
Leadership
Cristy Buenconsejo · President
Money in and out
$140K revenue, $209K expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$140K
Pt VIII · Ln 12
Total expenses
$209K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$68K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs-0.5% vs prior filing year
Operating runway
4.9mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
-49%
revenue over expenses, this year▲ +12% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$140K
FY2024▲ +3%
Expenses
$209K
FY2024▼ -1%
Total assets
$1.0M
FY2024▼ -6%
Total liabilities
$22K
FY2024▲ +7%
Total revenue
$140K
Pt VIII · Ln 12
Total expenses
$209K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$68K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCreative Housing III
EINHdr · item D51-0530551
Principal addressHdr · item CColumbus, OH
WebsiteHdr · item Jwww.creativehousing.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P73)
Ruling yearIRS BMFFeb 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chief Operat
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairpe
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $180K of program spending, described in the organization's own filed words · FY2024.
01

Creative housing iii consists of 16 apartment units that provide housing to the physically and developmentally disabled.

$180Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$71K · 51%
Program service revenue$69K · 49%
Contributions & grants51%$71K
Program service revenue49%$69K
Investment income$39
— government grantsLn 1e$71K
Total revenueLn 12$140K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$180K
Management & general14%$29K
Total functional expensesLn 25$209K

Balance Sheet

Part X · end of year
CashLn 1$85K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$22K
Total net assetsLn 32$1.0M
Months of cash on handcomputed4.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $85K · Operating expenses/yr $209K
4.9 months
Where the money goes
Program services
Program services $180K · Total expenses $209K
86%
Management & General
Management & general $29K · Total expenses $209K
14%
Fundraising
Fundraising $0 · Total expenses $209K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $71K · Total revenue $140K
51%
Government reliance
Government grants $71K · Total revenue $140K
51%
Earned-income share
Program service revenue $69K · Total revenue $140K
49%
Investment reliance
Investment income $39 · Total revenue $140K
+0.03%
Program self-sufficiency
Program service revenue $69K · Total expenses $209K
33%
Growth & trend
Revenue growth (YoY)
This year $140K · Prior year $136K
+3%
Revenue CAGR
FY2020 $131K · FY2024 $140K
+2%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $140K · Expenses $209K
-49%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cristy Buenconsejo · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $209K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $209K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 3%
Accounting fee ratio 2%

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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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$140K revenue · viewing · ⤓ 990 PDF
FY2023$136K revenue · ⤓ 990 PDF
FY2022$138K revenue · ⤓ 990 PDF
FY2021$133K revenue · ⤓ 990 PDF
FY2020$131K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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