Civic Intelligence

Cincinnati Development Fund Inc.

990 • Fiscal year 2023 • EIN 31-1256064

Apr 01, 2022 to Mar 31, 2023 • Filed on Nov 13, 2023

Organization ProfileWWW.CINDEVFUND.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

75th percentile

0.56x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

3.76x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

37th percentile

$285,279

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

84th percentile

25%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

57%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$69,003,326

Up $14,009,559 (+25%) from 2022

Net Assets

Up

$30,286,792

Up $5,500,136 (+22%) from 2022

Liabilities

Up

$38,716,534

Up $8,509,423 (+28%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin92nd percentile

Revenue

Up

$10,309,687

Up $3,756,699 (+57%) from 2022

Expenses

Down

$4,890,754

Down $650,724 (-12%) from 2022

Net Income

Up

$5,418,933

Up $4,407,423 (+436%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth84th 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 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

2023

Assets$69,003,326
Liabilities$38,716,534
Net Assets$30,286,792
Open 2023 Filing

Operations Trend

Revenue Growth91st 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 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

2023

Revenue$10,309,687
Expenses$4,890,754
Net Income$5,418,933
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Mar 31, 2023
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$10,644,401
Mission and Program Overview

Mission

To strengthen underserved neighborhoods and improve lives through innovative financing.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$30,501,229$29,888,724▼ $612,505
Savings and Temporary Cash Investments$5,264,293$19,343,843▲ $14,079,550
Investments Program Related$2,364,883$5,163,053▲ $2,798,170
Investments Other Securities$3,806,197$4,497,450▲ $691,253
Accounts Receivable$624,806$552,133▼ $72,673
Cash and Non-Interest-Bearing Accounts$3,526,294$458,101▼ $3,068,193
Prepaid Expenses and Deferred Charges$64,156$61,905▼ $2,251
Land, Buildings, and Equipment, Net$32,302$21,950▼ $10,352
Total Assets$54,993,767$69,003,326▲ $14,009,559
Other Assets Total$8,809,607$9,016,167▲ $206,560
Liabilities
Unsecured Notes Loans Payable$20,996,428$22,528,225▲ $1,531,797
Deferred Revenue$7,384,765$15,078,192▲ $7,693,427
Escrow Account Liability$1,127,794$473,306▼ $654,488
Accounts Payable and Accrued Expenses$698,124$427,673▼ $270,451
Other Liabilities$0$209,138▲ $209,138
Total Liabilities$30,207,111$38,716,534▲ $8,509,423
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$24,786,656$30,286,792▲ $5,500,136
Total Net Assets Fund Balance$24,786,656$30,286,792▲ $5,500,136
Total Liabilities and Net Assets / Fund Balance$54,993,767$69,003,326▲ $14,009,559

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,511$88,343$105,854
Leasehold Improvements$4,439$78,061$82,500
Other Land Buildings$0$48,164$48,164
Investment Program Related Org$62,653--
Other Assets Org$206,560--
Other Securities$4,497,450--
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph HuberPresident & CEOFT$223,800$61,479$285,279
Angela GintyChief Administive OfficerFT$207,260$28,060$235,320
Jennifer LarkinsChief Financial OfficerFT$168,190$53,480$221,670
Jeanne GolliherCEO - TERM EXP: 2022FT$187,508$20,194$207,702
Robbie SuggsChief Lending OfficerFT$173,971$25,610$199,581
Morag AdlonSenior Loan OfficerFT$125,202$26,085$151,287
Sara SheetsDirector of Strategic InitiativesFT$114,706$34,809$149,515

Board Members and Trustees

NameTitle
Kimberly MauerBoard Chair
Susan ThomasVice Chair
Darin HallTrustee
Dora AnimTrustee
Doug BurgessTrustee
Eric AvnerTrustee
Jimmy WilsonTrustee
Kevin HughesTrustee
Margaret MoertlTrustee
Murray SinclaireTrustee
Philip DenningTrustee
Rea N Waldon PhdTrustee
Robert AlexanderTrustee
Kathleen SchwabSecretary
Kevin CooneyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
NovogradacAudit And Tax ServicesPO BOX 7833, San Francisco, CA 74120$289,500
TaftLegal Services425 WALNUT STREET SUITE 1800, Cincinnati, OH 45202$159,791
Revenue and Support

Revenue Composition

Contributions and Grants
$4,981,277
Program Service Revenue
$5,265,244
Investment Income
$143,407
Other Revenue
$-80,241
All Other Contributions
$2,246,925
Change in Net Assets
$5,418,933

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,390,890
Revenue Not Reported on Financial Statements
$-81,203
Revenue Not Reported on Form 990
$-688,029
Other Revenue Adjustments
$-81,203
Total Revenue per Audited Statements
$9,702,861
Total Revenue per Form 990
$10,309,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,719,819
Salaries, Compensation, and Employee Benefits$2,170,935
Total Fundraising Expense$13,662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$793,682$349,967$5,901$1,149,550
Other Salaries and Wages$519,200$228,936$3,861$751,997
Interest$688,029--$688,029
Office Expenses$188,039$82,610$1,701$272,350
Fees for Services Legal-$146,250-$146,250
Payroll Taxes$81,557$35,962$606$118,125
Other Employee Benefits$77,289$34,080$575$111,944
Fees for Services Other-$102,772-$102,772
Occupancy$65,044$28,576$588$94,208
Fees for Services Accounting-$45,300-$45,300
Pension Plan Contributions$27,147$11,970$202$39,319
Depreciation Depletion$13,825$6,074$125$20,024
Other Expenses$11,421$5,020$103$16,544
Total Functional Expenses$3,799,575$1,077,517$13,662$4,890,754

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,890,754
Expenses per Audited Statements$4,202,725
Total Expenses per Audited Statements$4,202,725
Expenses Not Reported on Financial Statements$688,029
Other Expense Adjustments$688,029
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
Lease Liabilities Non-current$137,016
Lease Liabilities Current$72,122
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 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
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 cfo conducts an inital review of the form 990 prepared by the cpa. Then, a draft is submitted to the board prior to filing for final approval.”

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

“All officers and board members are required to sign the conflict of interest policy annually. If a vote is required and any member has a conflict, then that member abstains from voting.”

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
Jennifer Larkins
Title
CFO
Phone
5137217211
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Huber
Formed
1988
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
17
Volunteers
20

Preparer

Firm
Clark Schaefer Hackett & Co
Address
1 EAST 4TH STREET, CINCINNATI, OH 45202
Preparer
Bridget a Bush
Phone
5132413111
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Income from passthroughs - k-1's received 81,203.”

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 2D - OTHER ADJUSTMENTS:

“Interest expense netted against income on the afs -688,029.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss from investments in partnerships not reflected on the afs -81,203.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Interest expense netted against income on the afs 688,029.”

Raw XML AppendixShowing 400 of 1,276 raw XML fields

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 A NONPROFIT LENDING INSTITUTION ESTABLISHED IN 1988 TO FINANCE AFFORDABLE HOUSING DEVELOPMENT AND COMMUNITY REVITALIZATION IN THE GREATER CINCINNATI AREA. CDF'S MISSION IS TO PROVIDE INNOVATIVE REAL ESTATE FINANCING FOR PROJECTS THAT STRENGTHEN LOW-INCOME NEIGHBORHOODS AND IMPROVE LIVES.OVER THE PAST 35 YEARS, LOCAL FINANCIAL INSTITUTIONS, FOUNDATIONS, SOCIALLY MOTIVATED INVESTORS, AND LOCAL AND FEDERAL GOVERNMENTS HAVE ALL CONTRIBUTED TO CDF'S SOURCES OF CAPITAL. THESE ORGANIZATRIONS INVEST IN CDF BECAUSE OF OUR EXPERTISE IN EVALUATING COMPLEX LOAN APPLICATIONS WITH MULTIPLE FINANCING SOURCES. THIS EXPERIENCE MAKES IT EASIER AND MORE COST-EFFECTIVE FOR THESE ORGANIZATIONS TO INVEST IN THE COMMUNITY. AN ADDED BENEFIT IS THAT FUNDS ARE ORGANIZED INTO LOAN POOLS THAT ENABLE LENDERS TO DIVERSIFY THEIR LOAN PORTFOLIOS AND SHARE THE RISK ON EACH LOAN WITH OTHER CDF PARTICIPANTS. CDF HAS ORIGINATED MORE THAN $493 MILLION IN LOANS RESULTING IN THE CREATION OF MORE THAN 7,000 UNITS OF HOUSING. CDF FOCUSES ON LENDING IN LOW INCOME COMMUNITIES WHERE NEED AND IMPACT ARE THE GREATEST.CDF IS AN EQUAL OPPORTUNITY PROVIDER.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1712492
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1837709
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1910088
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2034809
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2117969
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH HUBER
IRS990/Form990PartVIISectionAGrp/PersonNm1JEANNE GOLLIHER
IRS990/Form990PartVIISectionAGrp/PersonNm2KIMBERLY MAUER
IRS990/Form990PartVIISectionAGrp/PersonNm3SUSAN THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm4KEVIN COONEY
IRS990/Form990PartVIISectionAGrp/PersonNm5KATHLEEN SCHWAB
IRS990/Form990PartVIISectionAGrp/PersonNm6PHILIP DENNING
IRS990/Form990PartVIISectionAGrp/PersonNm7DORA ANIM
IRS990/Form990PartVIISectionAGrp/PersonNm8DARIN HALL
IRS990/Form990PartVIISectionAGrp/PersonNm9MURRAY SINCLAIRE
IRS990/Form990PartVIISectionAGrp/PersonNm10ERIC AVNER
IRS990/Form990PartVIISectionAGrp/PersonNm11KEVIN HUGHES
IRS990/Form990PartVIISectionAGrp/PersonNm12DOUG BURGESS
IRS990/Form990PartVIISectionAGrp/PersonNm13REA N WALDON PHD
IRS990/Form990PartVIISectionAGrp/PersonNm14ROBERT ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm15MARGARET MOERTL
IRS990/Form990PartVIISectionAGrp/PersonNm16JIMMY WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm17ANGELA GINTY
IRS990/Form990PartVIISectionAGrp/PersonNm18JENNIFER LARKINS
IRS990/Form990PartVIISectionAGrp/PersonNm19ROBBIE SUGGS
IRS990/Form990PartVIISectionAGrp/PersonNm20SARA SHEETS
IRS990/Form990PartVIISectionAGrp/PersonNm21MORAG ADLON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0244325
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1187508
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/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17222828
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18183961
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19189493
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20114706
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21133318
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/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CEO - TERM EXP: 2022
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
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
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF ADMINISTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIR. OF STRATEGIC INITIATIVES
IRS990/Form990PartVIISectionAGrp/TitleTxt21SENIOR LOAN OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-2035
IRS990/GainOrLossGrp/SecuritiesAmt0-82679
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt02734352
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0250000
IRS990/GrossReceiptsAmt010644401
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt0688029
IRS990/InterestGrp/TotalAmt0688029
IRS990/InvestmentIncomeGrp/ExclusionAmt0228121
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0228121
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03806197
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04497450
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02364883
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05163053
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0214568
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032302
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021950
IRS990/LandBldgEquipCostOrOtherBssAmt0236518
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02035
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0332679
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0-81262
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0-81262
IRS990/MissionDesc0TO DRIVE COMMUNITY REVITALIZATION BY PROVIDING CAPITAL ACCESS AND TECHNICAL ASSISTANCE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt024786656
IRS990/NetAssetsOrFundBalancesEOYAmt030286792
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-84714
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-84714
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt024786656
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt030286792
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0588
IRS990/OccupancyGrp/ManagementAndGeneralAmt028576
IRS990/OccupancyGrp/ProgramServicesAmt065044
IRS990/OccupancyGrp/TotalAmt094208
IRS990/OfficeExpensesGrp/FundraisingAmt01701
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt082610
IRS990/OfficeExpensesGrp/ProgramServicesAmt0188039
IRS990/OfficeExpensesGrp/TotalAmt0272350
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08809607
IRS990/OtherAssetsTotalGrp/EOYAmt09016167
IRS990/OtherChangesInNetAssetsAmt081203
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0575
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt034080
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt077289
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0111944
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1PROGRAM NMTC EXPENSE
IRS990/OtherExpensesGrp/Desc2PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/FundraisingAmt0103
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05020
IRS990/OtherExpensesGrp/ProgramServicesAmt0873938
IRS990/OtherExpensesGrp/ProgramServicesAmt1322500
IRS990/OtherExpensesGrp/ProgramServicesAmt2137904
IRS990/OtherExpensesGrp/ProgramServicesAmt311421
IRS990/OtherExpensesGrp/TotalAmt0873938
IRS990/OtherExpensesGrp/TotalAmt1322500
IRS990/OtherExpensesGrp/TotalAmt2137904
IRS990/OtherExpensesGrp/TotalAmt316544
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0209138
IRS990/OtherRevenueMiscGrp/BusinessCd0900001
IRS990/OtherRevenueMiscGrp/BusinessCd1900001
IRS990/OtherRevenueMiscGrp/BusinessCd2900001
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1INCOME FROM K-1: CITYWIDE CINCINN
IRS990/OtherRevenueMiscGrp/Desc2INCOME FROM K-1: CITYWIDE CINCINN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0962
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt130
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt229
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0962
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt130
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt229
IRS990/OtherRevenueTotalAmt0-80241
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03861
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0228936
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0519200
IRS990/OtherSalariesAndWagesGrp/TotalAmt0751997
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt030501229
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt029888724
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0606
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt035962
IRS990/PayrollTaxesGrp/ProgramServicesAmt081557
IRS990/PayrollTaxesGrp/TotalAmt0118125
IRS990/PensionPlanContributionsGrp/FundraisingAmt0202
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011970
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt027147
IRS990/PensionPlanContributionsGrp/TotalAmt039319
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064156
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt061905
IRS990/PrincipalOfficerNm0JOE HUBER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900001
IRS990/ProgramServiceRevenueGrp/BusinessCd1900001
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICING FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04104333
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11160911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04104333
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11160911

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$69,003,326
Liabilities
$38,716,534
Net assets
$30,286,792
Revenue
$10,309,687
Expenses
$4,890,754
Net income
$5,418,933
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
2023Detailed filing. Detailed filing data is available for this year.$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
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