Civic Intelligence

Northwest Ohio Development Assistance Corporation

990 • Fiscal year 2024 • EIN 64-0953944

Jan 01, 2024 to Dec 31, 2024 • Filed on May 15, 2025

Organization ProfileN/A
One Maritime Plaza 7th FloorToledo, OH 43604

(419) 243-8251

Siviq Scores

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

Liabilities / Assets

80th percentile

0.29x

Higher debt load relative to assets than 80% of similar nonprofits.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.68x

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

2024 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

74th percentile

24%

Higher net margin than 74% of similar nonprofits.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2024

Asset Growth

79th percentile

18%

Faster asset growth than 79% of similar nonprofits.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

24%

Faster revenue growth than 73% of similar nonprofits.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$854,495

Up $132,760 (+18%) from 2023

Net Assets

Up

$610,495

Up $87,760 (+17%) from 2023

Liabilities

Up

$244,000

Up $45,000 (+23%) from 2023

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin74th percentile

Revenue

Up

$358,803

Up $69,556 (+24%) from 2023

Expenses

Up

$271,043

Up $44,908 (+20%) from 2023

Net Income

Up

$87,760

Up $24,648 (+39%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$1.0M$500K$0Assets 2011: $175,364Liabilities 2011: $02011Assets 2012: $218,147Liabilities 2012: $02012Assets 2013: $227,474Liabilities 2013: $0Net Assets 2013: $227,4742013Assets 2014: $342,957Liabilities 2014: $230,456Net Assets 2014: $112,5012014Assets 2015: $422,696Liabilities 2015: $317,000Net Assets 2015: $105,6962015Assets 2016: $400,544Liabilities 2016: $175,586Net Assets 2016: $224,9582016Assets 2017: $467,898Liabilities 2017: $225,629Net Assets 2017: $242,2692017Assets 2018: $530,499Liabilities 2018: $259,738Net Assets 2018: $270,7612018Assets 2019: $625,078Liabilities 2019: $291,938Net Assets 2019: $333,1402019Assets 2020: $662,226Liabilities 2020: $250,954Net Assets 2020: $411,2722020Assets 2021: $747,698Liabilities 2021: $333,400Net Assets 2021: $414,2982021Assets 2022: $637,623Liabilities 2022: $178,000Net Assets 2022: $459,6232022Assets 2023: $721,735Liabilities 2023: $199,000Net Assets 2023: $522,7352023Assets 2024: $854,495Liabilities 2024: $244,000Net Assets 2024: $610,4952024

Highlighted filing

2024

Assets$854,495
Liabilities$244,000
Net Assets$610,495
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $151,634Expenses 2011: $134,519Net Income 2011: $17,1152011Revenue 2012: $198,306Expenses 2012: $155,523Net Income 2012: $42,7832012Revenue 2013: $283,888Expenses 2013: $274,561Net Income 2013: $9,3272013Revenue 2014: $283,781Expenses 2014: $210,599Net Income 2014: $73,1822014Revenue 2015: $313,523Expenses 2015: $320,328Net Income 2015: -$6,8052015Revenue 2016: $229,093Expenses 2016: $109,831Net Income 2016: $119,2622016Revenue 2017: $270,891Expenses 2017: $253,580Net Income 2017: $17,3112017Revenue 2018: $214,370Expenses 2018: $185,878Net Income 2018: $28,4922018Revenue 2019: $293,138Expenses 2019: $230,759Net Income 2019: $62,3792019Revenue 2020: $345,227Expenses 2020: $267,095Net Income 2020: $78,1322020Revenue 2021: $292,913Expenses 2021: $289,887Net Income 2021: $3,0262021Revenue 2022: $243,313Expenses 2022: $197,988Net Income 2022: $45,3252022Revenue 2023: $289,247Expenses 2023: $226,135Net Income 2023: $63,1122023Revenue 2024: $358,803Expenses 2024: $271,043Net Income 2024: $87,7602024

Highlighted filing

2024

Revenue$358,803
Expenses$271,043
Net Income$87,760
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$358,803
Mission and Program Overview

Mission

NODAC is a Certified Development Company formed in 1993 for the purpose of administrating the SBA 504 loan program in the State of Ohio. Under this program, fixed asset acquisition is facilitated with SBA loans that allow for low down payments, and long-term fixed interest rates.

Nodac is a certified development company formed in 1993 for the purpose of administrating the sba 504 loan program in the state of ohio.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$417,821$534,489▲ $116,668
Investments Other Securities$273,902$288,804▲ $14,902
Accounts Receivable$27,175$28,450▲ $1,275
Prepaid Expenses and Deferred Charges$2,837$2,752▼ $85
Total Assets$721,735$854,495▲ $132,760
Liabilities
Accounts Payable and Accrued Expenses$199,000$244,000▲ $45,000
Total Liabilities$199,000$244,000▲ $45,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$522,735$610,495▲ $87,760
Total Net Assets Fund Balance$522,735$610,495▲ $87,760
Total Liabilities and Net Assets / Fund Balance$721,735$854,495▲ $132,760

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$288,804--
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
William BurnsChairman
Dennis PyleVice-chairma
Beth HannamMember
Brandon McgaharanMember
Dennis MillerMember
Jamie Beier GrantMember
Jennifer KoderMember
Joel SchlageterMember
Lisa WagnerMember
Matt GilroyMember
Scott JohnsonMember
Tim DecantMember
William McnealMember
Kevin KornowaSecretary
Hans RosebrockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$297,716
Investment Income
$61,087
Other Revenue
$0
Change in Net Assets
$87,760

Audited Revenue Reconciliation

Revenue per Audited Statements
$358,803
Total Revenue per Audited Statements
$358,803
Total Revenue per Form 990
$358,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$271,043
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$239,120$4,880-$244,000
Information Technology$7,875--$7,875
Insurance$5,534$1,384-$6,918
Travel-$3,503-$3,503
Other Expenses$1,975$2,017-$1,975
Total Functional Expenses$259,259$11,784$0$271,043

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$271,043
Total Expenses per Audited Statements$271,043
Total Expenses per Form 990$271,043
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
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
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
No
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, Page 6, Part VI, Line 11B

“Form 990 for the year ended december 31, 2023 was reviewed and approved by the agency's board of directors prior to filing.”

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

“All board members are required to review the agency's conflict of interest policy upon acceptance to the board of directors. Any conflicts are required to be disclosed to the agency's management team and other board members.”

Form 990, Page 6, Part VI, Line 19

“The agency's governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Northwest Ohio Development
EIN
64-0953944
Phone
4192438251
Address
ONE MARITIME PLAZA 7TH FLOOR, TOLEDO, OH 43604

Signing Officer

Name
Jason Bartschy
Title
Director
Phone
4192438251
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Bartschy
Formed
1993
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Perks Pusateri & Company Cpas
Address
137-B COMMERCE PARK DRIVE, WESTERVILLE, OH 43082
Preparer
Joseph B Gordon
Phone
6143927800
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Nodac is a certified development company formed in 1993 for the purpose of administrating the sba 504 loan program in the state of ohio. Under this program, fixed asset acquisition is facilitated with sba loans that allow for low down payments and long-term fixed interest rates.”

Form 990, Part IX, Line 11G

“Toledo-lucas county port auth 239,120 4,880 0”

Raw XML Appendix355 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NODAC IS A CERTIFIED DEVELOPMENT COMPANY FORMED IN 1993 FOR THE PURPOSE OF ADMINISTRATING THE SBA 504 LOAN PROGRAM IN THE STATE OF OHIO. UNDER THIS PROGRAM, FIXED ASSET ACQUISITION IS FACILITATED WITH SBA LOANS THAT ALLOW FOR LOW DOWN PAYMENTS AND LONG-TERM FIXED INTEREST RATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 FOR THE YEAR ENDED DECEMBER 31, 2023 WAS REVIEWED AND APPROVED BY THE AGENCY'S BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS ARE REQUIRED TO REVIEW THE AGENCY'S CONFLICT OF INTEREST POLICY UPON ACCEPTANCE TO THE BOARD OF DIRECTORS. ANY CONFLICTS ARE REQUIRED TO BE DISCLOSED TO THE AGENCY'S MANAGEMENT TEAM AND OTHER BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AGENCY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$854,495
Liabilities
$244,000
Net assets
$610,495
Revenue
$358,803
Expenses
$271,043
Net income
$87,760
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.54$2.44$6.10$3.59$2.71$0.88
2023Summary only. Only limited summary data is available for this year.$7.22$1.99$5.23$2.89$2.26$0.63
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.38$1.78$4.60$2.43$1.98$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.48$3.33$4.14$2.93$2.90$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.62$2.51$4.11$3.45$2.67$0.78
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.25$2.92$3.33$2.93$2.31$0.62
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.30$2.60$2.71$2.14$1.86$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.68$2.26$2.42$2.71$2.54$0.17
2016Summary only. Only limited summary data is available for this year.$4.01$1.76$2.25$2.29$1.10$1.19
2015Summary only. Only limited summary data is available for this year.$4.23$3.17$1.06$3.14$3.20$0.07
2014Summary only. Only limited summary data is available for this year.$3.43$2.30$1.13$2.84$2.11$0.73
2013Summary only. Only limited summary data is available for this year.$2.27$0.00$2.27$2.84$2.75$0.09
2012Summary only. Only limited summary data is available for this year.$2.18$0.00$1.98$1.56$0.43
2011Summary only. Only limited summary data is available for this year.$1.75$0.00$1.52$1.35$0.17