Civic Intelligence

Ohio Multi-County Development Corporation

990 • Fiscal year 2021 • EIN 03-0461881

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 19, 2022

Organization ProfileWWW.OMCDC.ORG
725 East Market StreetAkron, OH 44305

(330) 315-3708

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.34x

Higher debt load relative to assets than 86% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

0.24x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

20th percentile

-17%

Higher net margin than 20% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

89th percentile

97%

Faster asset growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

-6.9%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$295,390

Up $145,780 (+97%) from 2020

Net Assets

Up

$195,023

Up $873,369 (+129%) from 2020

Liabilities

Down

$100,367

Down $727,589 (-88%) from 2020

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin20th percentile

Revenue

Down

$418,676

Down $31,085 (-6.9%) from 2020

Expenses

Up

$491,579

Up $10,099 (+2.1%) from 2020

Net Income

Down

-$72,903

Down $41,184 (-130%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500K-$1.0MAssets 2010: $116,653Liabilities 2010: $585,661Net Assets 2010: -$469,0082010Assets 2011: $131,068Liabilities 2011: $282,284Net Assets 2011: -$151,2162011Assets 2012: $168,470Liabilities 2012: $280,695Net Assets 2012: -$112,2252012Assets 2013: $378,294Liabilities 2013: $253,734Net Assets 2013: $124,5602013Assets 2014: $228,045Liabilities 2014: $64,696Net Assets 2014: $163,3492014Assets 2015: $176,698Liabilities 2015: $308,162Net Assets 2015: -$131,4642015Assets 2016: $317,328Liabilities 2016: $255,590Net Assets 2016: $61,7382016Assets 2017: $132,236Liabilities 2017: $110,388Net Assets 2017: $21,8482017Assets 2018: $171,301Liabilities 2018: $108,900Net Assets 2018: $62,4012018Assets 2019: $123,986Liabilities 2019: $770,613Net Assets 2019: -$646,6272019Assets 2020: $149,610Liabilities 2020: $827,956Net Assets 2020: -$678,3462020Assets 2021: $295,390Liabilities 2021: $100,367Net Assets 2021: $195,0232021Assets 2022: $500,113Liabilities 2022: $262,978Net Assets 2022: $237,1352022Assets 2023: $590,119Liabilities 2023: $407,648Net Assets 2023: $182,4712023Assets 2024: $393,946Liabilities 2024: $328,417Net Assets 2024: $65,5292024

Highlighted filing

2021

Assets$295,390
Liabilities$100,367
Net Assets$195,023
Open 2021 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $799,0462010Expenses 2011: $939,6262011Expenses 2012: $1,903,7052012Revenue 2013: $1,444,934Expenses 2013: $1,294,071Net Income 2013: $150,8632013Revenue 2014: $1,117,241Expenses 2014: $1,103,109Net Income 2014: $14,1322014Revenue 2015: $591,418Expenses 2015: $855,113Net Income 2015: -$263,6952015Revenue 2016: $995,555Expenses 2016: $802,353Net Income 2016: $193,2022016Revenue 2017: $461,143Expenses 2017: $530,082Net Income 2017: -$68,9392017Revenue 2018: $545,759Expenses 2018: $505,206Net Income 2018: $40,5532018Revenue 2019: $156,210Expenses 2019: $474,798Net Income 2019: -$318,5882019Revenue 2020: $449,761Expenses 2020: $481,480Net Income 2020: -$31,7192020Revenue 2021: $418,676Expenses 2021: $491,579Net Income 2021: -$72,9032021Revenue 2022: $456,566Expenses 2022: $414,454Net Income 2022: $42,1122022Revenue 2023: $407,476Expenses 2023: $462,140Net Income 2023: -$54,6642023Revenue 2024: $529,712Expenses 2024: $646,654Net Income 2024: -$116,9422024

Highlighted filing

2021

Revenue$418,676
Expenses$491,579
Net Income-$72,903
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 19, 2022
Return Version
2021v4.0
Gross Receipts
$418,676
Mission and Program Overview

Mission

The ohio multi-county development corporation (omcdc) is dedicated to meeting the housing needs of low and moderate income persons in carroll, cuyahoga, holmes, lorain, summit, and wayne counties.

The ohio multi-county development corporation(omcdc)is dedicated to meeting the housing needs of low and moderate income persons in holmes, summit, and wayne counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$63,860$153,244▲ $89,384
Cash and Non-Interest-Bearing Accounts$20,760$79,252▲ $58,492
Land, Buildings, and Equipment, Net$64,990$62,894▼ $2,096
Total Assets$149,610$295,390▲ $145,780
Liabilities
Accounts Payable and Accrued Expenses$824,742$89,833▼ $734,909
Deferred Revenue$3,214$10,534▲ $7,320
Total Liabilities$827,956$100,367▼ $727,589
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-678,346$195,023▲ $873,369
Total Net Assets Fund Balance$-678,346$195,023▲ $873,369
Total Liabilities and Net Assets / Fund Balance$149,610$295,390▲ $145,780

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$62,894$34,069$96,963
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Michelle MarshallCFO$119,931$119,931

Board Members and Trustees

NameTitle
China DarringtonPresident
Becky RybaTrustee
Charissa WalkerTrustee
Christopher FoyTrustee
Lauren Green HullTrustee
Seth Andrew SmolenTrustee
Janet L WagnerCEO
Connie PorterSecretary
Jackie HemsworthVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$11,134
Program Service Revenue
$375,985
Investment Income
$0
Other Revenue
$31,557
Change in Net Assets
$-72,903

Audited Revenue Reconciliation

Revenue per Audited Statements
$418,676
Revenue Not Reported on Form 990
$954,922
Total Revenue per Audited Statements
$1,373,598
Total Revenue per Form 990
$418,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$491,579
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$424,398--$424,398
Occupancy$34,111--$34,111
Fees for Services Accounting$18,740--$18,740
Office Expenses-$5,910-$5,910
Depreciation Depletion-$2,098-$2,098
Insurance$1,228--$1,228
Other Expenses$159--$159
Total Functional Expenses$483,571$8,008$0$491,579

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$491,579
Total Expenses per Audited Statements$491,579
Total Expenses per Form 990$491,579
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 will be reviewed by the officers of the organization prior to filing the 990, and the 990 is reviewed by the board”

Form 990, Page 6, Part VI, Line 12C

“The president is responsible for providing policy information to the board of directors and for assisting in clarifying this policy whenever necessary .”

Form 990, Page 6, Part VI, Line 15A

“Compensation is determined and approved by the ceo.”

Form 990, Page 6, Part VI, Line 15B

“Compensation is determined and approved by the ceo”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Ohio Multi-county Development
EIN
03-0461881
Phone
3303153708
Address
725 EAST MARKET STREET, AKRON, OH 44305

Signing Officer

Name
Janet L Wagner
Title
CEO
Phone
3303153708
Signed
2022-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Marshall
Formed
2003
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Mcmanus Dosen & Co
Address
7251 ENGLE RD STE 406, MIDDLEBURG HEIGHTS, OH 44130-3400
Preparer
Michael D Mcmanus CPA
Phone
4402433400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“CONTRACTS 424,398 0 0”

Form 990, Part XI, Line 9

“Ppp forgiveable loan 946,272”

Financial Statement Notes

Schedule D, Page 3, Part X

“The internal revenue service issued a determination exempting the organization from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes is included in these statements. Accounting principles generally accepted in the united state of america require the organization's management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has determined that the organization does not have any uncertain tax positions and the associated unrecognized benefits that materially impact the financial statements or related disclosures. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The project believes it is no longer subject to income tax examinations for years prior to 2018.”

Schedule D, Page 4, Part XI, Line 2D

“DEBT FORGIVENESS 954,922”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0462766
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IRS990ScheduleD/ExpensesSubtotalAmt0491579
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherRevenueAmt0954922
IRS990ScheduleD/RevenueNotReportedAmt0954922
IRS990ScheduleD/RevenueSubtotalAmt0418676
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE ISSUED A DETERMINATION EXEMPTING THE ORGANIZATION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THESE STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATE OF AMERICA REQUIRE THE ORGANIZATION'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THE ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PROJECT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEBT FORGIVENESS 954,922
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt0491579
IRS990ScheduleD/TotalRevenuePerForm990Amt0418676
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01373598
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0491579
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0159570
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08203
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JANET L WAGNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0167773
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WILL BE REVIEWED BY THE OFFICERS OF THE ORGANIZATION PRIOR TO FILING THE 990, AND THE 990 IS REVIEWED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT IS RESPONSIBLE FOR PROVIDING POLICY INFORMATION TO THE BOARD OF DIRECTORS AND FOR ASSISTING IN CLARIFYING THIS POLICY WHENEVER NECESSARY .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED AND APPROVED BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED AND APPROVED BY THE CEO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTS 424,398 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PPP FORGIVEABLE LOAN 946,272
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COMMUNITY DRUG BOARD INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0BENEFIT UNDERPRIVILEDGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341171699
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0725 EAST MARKET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0AKRON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalLiabilitiesGrp/EOYAmt0100367
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IRS990/WebsiteAddressTxt0WWW.OMCDC.ORG

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$295,390
Liabilities
$100,367
Net assets
$195,023
Revenue
$418,676
Expenses
$491,579
Net income
-$72,903
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.33$0.07$0.53$0.65$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.59$0.41$0.18$0.41$0.46$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.26$0.24$0.46$0.41$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.30$0.10$0.20$0.42$0.49$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.15$0.83$0.68$0.45$0.48$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.77$0.65$0.16$0.47$0.32
2018Detailed filing. Detailed filing data is available for this year.$0.17$0.11$0.06$0.55$0.51$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.13$0.11$0.02$0.46$0.53$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.32$0.26$0.06$1.00$0.80$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.18$0.31$0.13$0.59$0.86$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.06$0.16$1.12$1.10$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.38$0.25$0.12$1.44$1.29$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.28$0.11$1.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.28$0.15$0.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.59$0.47$0.80