Homebase Cincinnati
Nonprofit profile at a glance
- EIN
- 310973498
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Cincinnati, OH, USA
- Phone
- 5133343689
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,893,541
- Expenses
- $1,886,553
- Assets
- $709,389
- Liabilities
- $693,220
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- Mike Cappel (President)
- Kate Greene (Vice President)
Highest reported compensation
- Rosa Christophel (EXECUTIVE DIR): $103,317 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We strengthen organizations that enhance neighborhoods through community building, housing, and economic development.
What it reported doing in 2024
The Neighborhood Voluntary Tax Incentive Contribution Agreement (VTICA) is part of the City of Cincinnatis Community Reinvestment Area CRA) Program in which commercial tax abatement recipients contribute 15% of the value of a development tax incentive back to affordable housing (7.5%) and neighborhood quality of life projects (7.5%). The purpose of Neighborhood VTICA funds are to improve the quality of life within a neighborhood. HomeBase Cincinnati administers the Neighborhood VTICA program and the portion of funding allocated to neighborhood quality of life projects. The amount of money individual neighborhoods have available is based on how many new developments, with a CRA that includes a VTICA, come to that neighborhood. Under the current ordinance, the Neighborhood VTICA funding must be used within the neighborhood for which the funding was collected and cannot be combined and shared with other neighborhoods. (See Section 8 of City Ordinance 275 - 2017). For downtown and Over-the-Rhine projects, VTICA payments fund the Streetcar. Therefore, the neighborhood funds are to be used for community improvements in neighborhoods outside of downtown and Over-the-Rhine.
Operating model
- Revenue model
- Grant-funded. 78% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 89
- Accountability: 100
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.6%; rating input score 95
- Program expense ratio: 94.9%; rating input score 95
- Fundraising efficiency: $45.05 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 98.2%; rating input score 98; 46th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 0.4%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.98; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 5.5%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 15.3% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 12.9% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 22.9% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 94.6% of revenue deployed · 94.9% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $1.8M in reported program spending
- Leadership: top reported pay $103K · 15 people listed
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 24 filed money-flow records
- Related organizations: 21 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.