Columbus House Inc

What it reported doing in 2024

Housing services - in 2024, and 2025 respectively, columbus house provides housing services to over 920 individuals and families in permanent supportive housing, rapid rehousing, shared housing or independent living. Permanent supportive housing is provided for the most vulnerable, most often chronically homeless adults and families, and includes housing subsidies and support services for as long as the client needs it. Rapid rehousing includes short term subsidies with a light touch of supportive services. Shared housing enables those without subsidies to pool their resources to share an apartment, each holding a lease with the landlord. Case management support in all housing programs is focused on helping people remain housed by attending to the terms of their lease, while at the same time helping clients to integrate into the community with referrals to mainstream services, reunification with family, employment and volunteer opportunities and other community activities.columbus house is also a housing developer. Completed in 2015, val macri was the first development the organization owns and manages. This small complex has 17 units, housing both very low-income single adults and chronically homeless people. In 2020 renovations on shepherd homes, a 32-unit building in middletown, were completed. This development is intended for both low and very low income and chronically homeless adults with a preference for veterans. Finally, in 2020, columbus house completed the acquisition of five properties in middletown formerly owned by the nehemiah corporation. Due to this acquisition, these buildings collectively referred to as chi peterson represent 27 units, which will remain affordable housing in this community.

Financial Efficiency

• Mission deployment rate: 83%; rating input score 83
• Program expense ratio: 81.6%; rating input score 82
• Fundraising efficiency: $37.58 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: No; rating input score 0

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1.3%; rating input score 26; 26th percentile among comparable filings
• Total-asset coverage ratio: 1; rating input score 36; 36th percentile among comparable filings
• Liabilities to assets ratio: 0.47; rating input score 31; 31st percentile among comparable filings
• Officer compensation ratio: 5.7%; rating input score 45; 45th percentile among comparable filings

Growth

• Program expense growth: 4.6% per year; rating input score 100; 39th percentile among comparable filings
• Revenue growth: 5.4% per year; rating input score 100; 47th percentile among comparable filings
• Asset growth: 5.7% per year; rating input score 100; 40th percentile among comparable filings