County Corp

What it reported doing in 2024

Housing, financial counseling, and down payment assistance: the homeownership center is a program of county corp and serves as a hud-approved housing counseling agency. The agency provides housing and financial counseling individually and in group settings. Housing counseling includes education and guidance about the home purchase process, preparation for mortgage readiness, financial literacy, and resources to support sustainable homeownership. The agency provides services to existing homeowners experiencing mortgage difficulty, including education and guidance regarding options to avoid foreclosure, facilitating payment arrangements with lenders, exploring alternative financing, and long-term goals for sustainability. The agency administers various down payment assistance funds on behalf of governmental and non-profit agencies. The down payment assistance typically supports low- and moderate-income households in achieving homeownership, though it can also encourage homeownership in areas which have experienced systemic and/or long-term disinvestment. The city of dayton provided arpa funds to assist homebuyers with a down payment assistance loan. The maximum loan amount was up to $10,000 per homebuyer and it was structured as a 5 year forgivable down payment assistance loan for qualifying buyers.men's gateway shelter: the organization leases a facility known as the men's gateway shelter located at 1921 south gettysburg road in dayton and delegates the management of the shelter to a third party. The facility provided area homeless men 24-hour shelter with 178 beds and 60 emergency cots. The organization managed a reserve account, funded by local governments for the replacement of major systems of the building. The leasehold improvements this year were $137,841. The value of the donated facilities of $273,000 has been recognized.residential home weatherization program: funding provided from the local utility service providers enables county corp to provide assistance to households at or below 80% of the area median income to address issues related to weatherization, insulation, hvac and water heater repair/replacement and supporting of the additional expense of upgrading mechanical and building components from standard grade to energy-star rated equipment in housing units with natural gas heating. Disbursed 15 grants in conjunction with residential rehabilitation and rental and home ownership projects.housing trust & community development financial institution programs: provided funding for low- and moderate-income housing units in montgomery county. Projects included acquisition, rehabilitation, and construction of housing units. Financed or facilitated loans and/or grants impacting 51 housing units, 4 of which were used to rehabilitate residential properties. The remaining 47 units were associated with a low-income housing tax credit project loan. The organization also serviced 89 loans. Montgomery county land reutilization corporation: the organization contracted with the montgomery county land reutilization corp to access county corp resources. Loan servicing for montgomery county: serviced one cdbg loan portfolio created with funding from montgomery county (outside the city of dayton). Portfolio of 10 loans.

Financial Efficiency

• Mission deployment rate: 66.1%; rating input score 66
• Program expense ratio: 90.9%; rating input score 91
• Fundraising efficiency: $411.97 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • 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: Yes; rating input score 100

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: 28%; rating input score 87; 87th percentile among comparable filings
• Total-asset coverage ratio: 3.45; rating input score 78; 78th percentile among comparable filings
• Liabilities to assets ratio: 0.4; rating input score 37; 37th percentile among comparable filings
• Officer compensation ratio: 11.6%; rating input score 15; 15th percentile among comparable filings

Growth

• Program expense growth: 12% per year; rating input score 100; 77th percentile among comparable filings
• Revenue growth: 15.3% per year; rating input score 100; 87th percentile among comparable filings
• Asset growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings