Civic Intelligence

Cincinnati Development Fund Inc.

990 • Fiscal year 2017 • EIN 31-1256064

Apr 01, 2016 to Mar 31, 2017 • Filed on Aug 15, 2017

Organization Profilewww.cincinnatidevelopmentfund.org

View Organization Page

1224 Race StreetCincinnati, OH 45202

(513) 721-7211

Siviq Scores

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

Liabilities / Assets

78th percentile

0.62x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

3.18x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

95th percentile

62%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$239,500

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

82nd percentile

17%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

81%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$47,271,338

Up $6,862,433 (+17%) from 2016

Net Assets

Up

$17,814,011

Up $5,733,881 (+47%) from 2016

Liabilities

Up

$29,457,327

Up $1,128,552 (+4.0%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin95th percentile

Revenue

Up

$9,266,894

Up $4,143,981 (+81%) from 2016

Expenses

Up

$3,481,031

Up $176,284 (+5.3%) from 2016

Net Income

Up

$5,785,863

Up $3,967,697 (+218%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$150M$100M$50M$0Assets 2012: $40,787,598Liabilities 2012: $33,948,453Net Assets 2012: $6,839,1452012Assets 2013: $37,534,350Liabilities 2013: $28,510,117Net Assets 2013: $9,024,2332013Assets 2014: $39,814,905Liabilities 2014: $30,042,906Net Assets 2014: $9,771,9992014Assets 2015: $38,948,759Liabilities 2015: $28,688,606Net Assets 2015: $10,260,1532015Assets 2016: $40,408,905Liabilities 2016: $28,328,775Net Assets 2016: $12,080,1302016Assets 2017: $47,271,338Liabilities 2017: $29,457,327Net Assets 2017: $17,814,0112017Assets 2018: $52,042,300Liabilities 2018: $33,863,660Net Assets 2018: $18,178,6402018Assets 2019: $57,878,535Liabilities 2019: $37,496,910Net Assets 2019: $20,381,6252019Assets 2020: $56,735,495Liabilities 2020: $34,457,050Net Assets 2020: $22,278,4452020Assets 2022: $54,993,767Liabilities 2022: $30,207,111Net Assets 2022: $24,786,6562022Assets 2023: $69,003,326Liabilities 2023: $38,716,534Net Assets 2023: $30,286,7922023Assets 2025: $101,598,029Liabilities 2025: $64,037,946Net Assets 2025: $37,560,0832025

Highlighted filing

2017

Assets$47,271,338
Liabilities$29,457,327
Net Assets$17,814,011
Open 2017 Filing

Operations Trend

Revenue Growth92nd percentile

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

$20M$15M$10M$5.0M$0Expenses 2012: $1,360,3572012Expenses 2013: $1,544,5662013Revenue 2014: $3,218,669Expenses 2014: $2,431,472Net Income 2014: $787,1972014Revenue 2015: $3,691,051Expenses 2015: $3,212,207Net Income 2015: $478,8442015Revenue 2016: $5,122,913Expenses 2016: $3,304,747Net Income 2016: $1,818,1662016Revenue 2017: $9,266,894Expenses 2017: $3,481,031Net Income 2017: $5,785,8632017Revenue 2018: $4,513,024Expenses 2018: $4,115,761Net Income 2018: $397,2632018Revenue 2019: $7,856,779Expenses 2019: $5,636,218Net Income 2019: $2,220,5612019Revenue 2020: $6,584,866Expenses 2020: $4,687,172Net Income 2020: $1,897,6942020Revenue 2022: $6,552,988Expenses 2022: $5,541,478Net Income 2022: $1,011,5102022Revenue 2023: $10,309,687Expenses 2023: $4,890,754Net Income 2023: $5,418,9332023Revenue 2025: $19,961,456Expenses 2025: $17,013,828Net Income 2025: $2,947,6282025

Highlighted filing

2017

Revenue$9,266,894
Expenses$3,481,031
Net Income$5,785,863
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Aug 15, 2017
Return Version
2016v3.0
Gross Receipts
$9,266,894
Mission and Program Overview

Mission

To drive community revitalization by providing capital access and technical assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$31,328,343$32,644,956▲ $1,316,613
Investments Other Securities$4,346,528$4,458,735▲ $112,207
Cash and Non-Interest-Bearing Accounts$726,979$4,254,802▲ $3,527,823
Accounts Receivable$421,235$1,081,145▲ $659,910
Savings and Temporary Cash Investments$699,307$667,996▼ $31,311
Investments Program Related$212,289$217,605▲ $5,316
Land, Buildings, and Equipment, Net$156,656$135,293▼ $21,363
Prepaid Expenses and Deferred Charges$8,948$41,320▲ $32,372
Total Assets$40,408,905$47,271,338▲ $6,862,433
Other Assets Total$2,508,620$3,769,486▲ $1,260,866
Liabilities
Unsecured Notes Loans Payable$21,793,889$24,086,768▲ $2,292,879
Deferred Revenue$3,099,368$2,661,714▼ $437,654
Other Liabilities$2,245,500$1,700,000▼ $545,500
Escrow Account Liability$813,983$669,307▼ $144,676
Accounts Payable and Accrued Expenses$376,035$339,538▼ $36,497
Total Liabilities$28,328,775$29,457,327▲ $1,128,552
Net Assets / Fund Balance
Unrestricted Net Assets$12,080,130$16,314,011▲ $4,233,881
Temporarily Rstr Net Assets-$1,500,000-
Total Net Assets Fund Balance$12,080,130$17,814,011▲ $5,733,881
Total Liabilities and Net Assets / Fund Balance$40,408,905$47,271,338▲ $6,862,433

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$135,293$136,739$272,032
Other Assets Org$3,769,486--
Other Securities$4,458,735--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeanne GolliherPresident & CEOFT$220,000$19,500$239,500
Joseph R HuberChief Operating OfficerFT$150,500$28,400$178,900
Dale ShaferChief Accounting OfficerFT$149,100$20,830$169,930
Angela GintyDevelopment OfficerFT$117,500$6,225$123,725
Kathleen O BrookshireTreasurerFT$103,860$8,793$112,653

Board Members and Trustees

NameTitle
Kim MauerBoard Chair
Paula Boggs MuethingVice Chair
Darin C HallTrustee
Doug BurgessTrustee
Ed RustTrustee
Eric AvnerTrustee
Kevin HughesTrustee
Murray Sinclaire JRTrustee
Peg MoertlTrustee
Rea N Waldon PhDTrustee
Robert AlexanderTrustee
Timothy RiordanTrustee
Nique' DA SwanTrustee (APR-DEC)
Kathy SchwabSecretary
Linda GravissTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Novogradac & Company LLCNew Market Tax Credit AUDITSPO BOX 7833, San Francisco, CA 94120$135,500
Revenue and Support

Revenue Composition

Contributions and Grants
$5,244,850
Program Service Revenue
$3,936,346
Investment Income
$0
Other Revenue
$85,698
All Other Contributions
$5,244,850
Change in Net Assets
$5,785,863

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,266,188
Revenue Not Reported on Financial Statements
$1,000,706
Revenue Not Reported on Form 990
$-20,660
Other Revenue Adjustments
$1,000,706
Total Revenue per Audited Statements
$8,245,528
Total Revenue per Form 990
$9,266,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,992,428
Salaries, Compensation, and Employee Benefits$1,488,603
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$969,384--$969,384
Current Officers, Directors, Trustees, and Key Employees$665,766$166,442-$832,208
Other Salaries and Wages$311,283$77,821-$389,104
Other Employee Benefits$150,767$37,692-$188,459
Office Expenses$123,286$30,822-$154,108
Fees for Services Other$81,459--$81,459
Payroll Taxes$63,066$15,766-$78,832
Occupancy$54,941$13,735-$68,676
Other Expenses$48,350--$48,350
Fees for Services Accounting-$42,993-$42,993
Depreciation Depletion$25,914$6,479-$32,393
Insurance$10,424$2,606-$13,030
Fees for Services Legal$10,495--$10,495
Total Functional Expenses$3,086,675$394,356$0$3,481,031

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,481,031
Expenses per Audited Statements$2,511,647
Total Expenses per Audited Statements$2,511,647
Expenses Not Reported on Financial Statements$969,384
Other Expense Adjustments$969,384
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
FHLB Advances- current Portion$900,000
FHLB Advances$800,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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, Part VI, Section B, line 11B

“the president/ceo and cfo review and approve the form 990 prepared by the cpa. one board member is provided a copy of the 990 and approves before it is presented to the audit committee where it is ultimately approved.”

Form 990, Part VI, Section B, line 12C

“all officers and board members sign a conflict of interest policy and confirm their status periodically during meetings.”

Form 990, Part VI, Section B, line 15A

“annually, the board discusses overall employee performance and the president/ceo determines employee compensation. the board holds a closed meeting to evaluate the executive director's performance and pay increase. comparability data is used to assist with compensation decisions.”

Form 990, Part VI, Section C, line 19

“governing documents, the conflict of interest policy and audited financial statements will be made available upon request.”

Filing and Contact Details

Filer

Filer Name
Cincinnati Development Fund
EIN
31-1256064
Phone
5137217211
Address
1224 Race Street, CINCINNATI, OH 45202

Signing Officer

Name
Jeanne Golliher
Title
president & CEO
Phone
5137217211
Signed
2017-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
jeanne golliher
Formed
1988
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
11
Volunteers
15

Preparer

Firm
Clark Schaefer Hackett & Co
Address
1 East 4th Street, Cincinnati, OH 45202
Preparer
Maxwell M Sullivan CPA
Phone
5132413111
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“income from passthroughs- k-1's received -31,322.”

Form 990, Part XII, Line 2C:

“the organization has an audit committee that is responsible for the selection of an independent accountant and oversight of the audit. the processes used by this committee have not changed from previous years.”

Financial Statement Notes

Part IV, Line 2B:

“amounts held in escrow are for real estate taxes and insurance. these amounts are segregated as restricted assets.”

Part X, Line 2:

“The Financial Accounting Standards Board ("FASB") has issued guidance which clarifies generally accepted accounting principles for recognition, measurement, presentation and disclosure relating to uncertain tax positions. This guidance clarifies the accounting and recognition for income tax positions taken or expected to be taken in the Organization's income tax returns. The Organization's income tax filings are subject to audit by various taxing authorities. The Organization's policy with regard to interest and penalties is to recognize interest through interest expense and penalties through other expense. In evaluating the Organization's tax provision and tax exempt status, interpretations and tax planning strategies were considered. The Organization believes their estimates are appropriate based on the current facts and circumstances.”

Part XI, Line 4B - Other Adjustments:

“income from passthrough entities 31,322. Interest Expense Reclassified 969,384.”

Part XII, Line 4B - Other Adjustments:

“Interest Expense Reclassified 969,384.”

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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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IRS990/Desc0Cincinnati Development Fund (CDF) is the premiere CDFI in the Cincinnati metro area serving 6 area counties (3 in Ohio and 3 in Kentucky), with a particular focus on the most distressed inner-city neighborhoods. CDF has a track record of providing high-impact loans and leadership in community development policy for over 28 years. It was created in 1988 as a financial intermediary, through which local financial institutions could share risk and cost-effectively invest in community development lending.CDF provides construction and permanent financing for affordable housing development and more significantly direct lending to build its balance sheet to support the expansion of its lending products. During its history, local financial institutions, foundations, socially motivated investors, and local and Federal government sources have made commitments to CDF totaling over $400 million.95% of all CDF loans have been made in LICs. The balance is in the form of affordable housing loans in non-LIC neighborhoods. The impact of that funding has been significant. CDF has funded over 4500 units of housing over its history.During the year ended March 31, 2016, CDF completed the remaining projects under its various loan fund initiatives and entered into 5 more significant projects to re-develop various Commercial Real Estate properties as well as large scale redevelopments in the city of Cincinnati. These include the renovation of a former local high school building and surrounding areas to produce affordable and market rate housing, the completion of market rate housing in the blighted urban neighborhood of Walnut Hills, the redevelopment of the much needed local YMCA to promote health and wellness in the heart of Cincinnat and the new facility to promote Arts and Culture with the Shakespeare Theatre.CDF also received grants as follows: $1,350,000 from Chase Bank as part of a collaboration with IFF to provide Non-profit assistance lending in CDF's business area for loan capital, $105,000 from the Haile Foundation to provide assistance within the community, $111,700 from various arts supporting organizations to deploy into the community in the form of sponsorship for summer community events and $2,500 from Wesbanco Bank for specific technology operating support. CDF originated 32 Below Market Rate loans including 3 New Markets loans totaling $28 million to facilitate local economic and housing growth as well as $14.2 million in loan capital to various other developments within its target market.
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IRS990/Form990PartVIISectionAGrp/PersonNm12Robert Alexander
IRS990/Form990PartVIISectionAGrp/PersonNm13Timothy Riordan
IRS990/Form990PartVIISectionAGrp/PersonNm14Nique' DA Swan
IRS990/Form990PartVIISectionAGrp/PersonNm15Jeanne Golliher
IRS990/Form990PartVIISectionAGrp/PersonNm16Joseph R Huber
IRS990/Form990PartVIISectionAGrp/PersonNm17Dale Shafer
IRS990/Form990PartVIISectionAGrp/PersonNm18Angela Ginty
IRS990/Form990PartVIISectionAGrp/PersonNm19Kathleen O Brookshire
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15220000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16158000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17156600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18117500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19103860
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee (APR-DEC)
IRS990/Form990PartVIISectionAGrp/TitleTxt15President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16Chief Operating Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Chief Accounting Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt18Development Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt19Treasurer
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09266894
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02606
IRS990/InsuranceGrp/ProgramServicesAmt010424
IRS990/InsuranceGrp/TotalAmt013030
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04346528
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04458735
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0212289
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0217605
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0136739
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0156656
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0135293
IRS990/LandBldgEquipCostOrOtherBssAmt0272032
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0223
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0223
IRS990/MissionDesc0to drive community revitalization by providing capital access and technical assistance.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt012080130
IRS990/NetAssetsOrFundBalancesEOYAmt017814011
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-20660
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt013735
IRS990/OccupancyGrp/ProgramServicesAmt054941
IRS990/OccupancyGrp/TotalAmt068676
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030822
IRS990/OfficeExpensesGrp/ProgramServicesAmt0123286
IRS990/OfficeExpensesGrp/TotalAmt0154108
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02508620
IRS990/OtherAssetsTotalGrp/EOYAmt03769486
IRS990/OtherChangesInNetAssetsAmt0-31322
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt037692
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0150767
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0188459
IRS990/OtherExpensesGrp/Desc0provision for loan loss
IRS990/OtherExpensesGrp/Desc1program NMTC Expense
IRS990/OtherExpensesGrp/Desc2program expenses
IRS990/OtherExpensesGrp/ProgramServicesAmt0355785
IRS990/OtherExpensesGrp/ProgramServicesAmt1215755
IRS990/OtherExpensesGrp/ProgramServicesAmt248350
IRS990/OtherExpensesGrp/TotalAmt0355785
IRS990/OtherExpensesGrp/TotalAmt1215755
IRS990/OtherExpensesGrp/TotalAmt248350
IRS990/OtherLiabilitiesGrp/BOYAmt02245500
IRS990/OtherLiabilitiesGrp/EOYAmt01700000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/Desc1income from k-1: fay l
IRS990/OtherRevenueMiscGrp/Desc2income from k-1: uptow
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt054376
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt130911
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2188
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt054376
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt130911
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2188
IRS990/OtherRevenueTotalAmt085698
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt077821
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0311283
IRS990/OtherSalariesAndWagesGrp/TotalAmt0389104
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt031328343
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt032644956
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015766
IRS990/PayrollTaxesGrp/ProgramServicesAmt063066
IRS990/PayrollTaxesGrp/TotalAmt078832
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08948
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041320
IRS990/PrincipalOfficerNm0jeanne golliher
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0interest income
IRS990/ProgramServiceRevenueGrp/Desc1servicing fee
IRS990/ProgramServiceRevenueGrp/Desc2administrative
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03050446
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1874900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03050446
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1874900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01550000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01993937
IRS990/PYOtherRevenueAmt017127
IRS990/PYProgramServiceRevenueAmt03555786
IRS990/PYRevenuesLessExpensesAmt01818166
IRS990/PYSalariesCompEmpBnftPaidAmt01310810
IRS990/PYTotalExpensesAmt03304747
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05122913
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05785863
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04022044
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0699307
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0667996
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05244850
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01550000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0387996
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0298194
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01837536
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09318576
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03936346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03555786
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03233295
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02877072
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03137222
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt016739721
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt085698
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt017129

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,271,338
Liabilities
$29,457,327
Net assets
$17,814,011
Revenue
$9,266,894
Expenses
$3,481,031
Net income
$5,785,863
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$64.0$37.6$20.0$17.0$2.95
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.0$38.7$30.3$10.3$4.89$5.42
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.0$30.2$24.8$6.55$5.54$1.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.7$34.5$22.3$6.58$4.69$1.90
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.9$37.5$20.4$7.86$5.64$2.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.0$33.9$18.2$4.51$4.12$0.40
2017Detailed filing. Detailed filing data is available for this year.$47.3$29.5$17.8$9.27$3.48$5.79
2016Detailed filing. Detailed filing data is available for this year.$40.4$28.3$12.1$5.12$3.30$1.82
2015Detailed filing. Detailed filing data is available for this year.$38.9$28.7$10.3$3.69$3.21$0.48
2014Detailed filing. Detailed filing data is available for this year.$39.8$30.0$9.77$3.22$2.43$0.79
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.5$28.5$9.02$1.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.8$33.9$6.84$1.36
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $25M-$50M nonprofits