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Prospector
Profile
3-17-001
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| Dominion Homes, Inc. |
NAICS |
236117 |
| 4900 Tuttle Crossing Blvd.,
Dublin, OH 43016 |
Description |
Home Builder |
| (614) 356-5000 |
Employees |
193 |
| http://www.dominionhomes.com |
Revenue |
(mil) |
147.9900 |
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Income |
(mil) |
-82.1600 |
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Assets |
(mil) |
320.7000 |
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Liability |
(mil) |
234.9800 |
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(for the year ended 2007-12-31) |
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Category:
Audit Concerns
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Event:
PricewaterhouseCoopers LLP raised substantial doubt about Dominion Homes, Inc.'s ability to continue as a going concern after auditing the Company's consolidated financial statements for the years ended December 31, 2007, and 2006. The auditor reported that the Company suffered recurring losses from operations and was not in compliance with certain financial covenants as defined in the company's credit agreement. For the year ended December 31, 2007, the Company posted an $82,159,000 net loss on $147,991,000 of revenues as compared with a $34,009,000 net loss on $256,760,000 of revenues in 2006. At December 31, 2007, the Company's balance sheet showed $320,695,000 in total assets, $234,983,000 in total liabilities, and $85,712,000 in total stockholders' equity.
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Intellectual Property:
The Company has obtained federal registrations for many of service marks, including Dominion Homes(R), Dominion-It's Your Home(TM), The Best of Everything(R), The Dominion HomeStore(R) and The Dominion HomeShow(R). It has obtained or applied for design patents on many of its homes. It also has obtained or applied for copyright registrations for both the architectural plans and the architectural works for virtually all of the homes that it builds. [SEC Filing 10-K 03-07-08]
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Description:
Dominion Homes, Inc., builds high-quality homes and condominiums in Central Ohio, including the Columbus Metropolitan Statistical Area, and in the Louisville and Lexington, Kentucky Metropolitan Statistical Areas.
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Officers:
Douglas G. Borror (Chair, CEO & Pres.); David S. Borror (Vice Chair); William G. Cornely (EVP-Finance & CFO); David P. Blom (Dir.); R. Andrew Johnson (Dir.); Carl A. Nelson, Jr. (Dir.); Zuheir Sofia (Dir.); Robert R. McMaster (Dir.); Betty D. Montgomery (Dir.)
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Auditor:
PricewaterhouseCoopers LLP
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Securities:
Common stock symbol DHOM; Nasdaq; 8,371,175 common shares outstanding as
of March 4, 2008.
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