OHIO COMMUNITY DEVELOPMENT FINANCE FUND

EIN: 311229532 501(c)(3) Community Improvement

COLUMBUS, OH

Total Revenue
$20,728,998
Total Expenses
$17,612,857
Total Assets
$72,870,501
Net Assets
$71,790,474
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
OH
Principal Officer
MATT FRANK
Phone
6142211114
Tax Period
2024-01-01 to 2024-12-31

OHIO COMMUNITY DEVELOPMENT FINANCE FUND, founded in 1987, is a mid-sized nonprofit in the Community Improvement sector that reported $20.7M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 15% operating margin.

Mission

FINANCE FUND BUILDS BRIDGES BETWEEN RESOURCES AND THE LOW-INCOME COMMUNITY TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,406,000
Program Service Revenue $6,263,362
Investment Income $59,636
Other Revenue $0
TOTAL REVENUE $20,728,998

Expense Breakdown

Grants Paid $13,903,013
Salaries & Benefits $3,182,698
Fundraising Expenses $0
Program Expenses $16,557,716
Other Expenses $527,146
TOTAL EXPENSES $17,612,857

Year-over-Year Comparison

2024 2023 Change
Revenue $20,728,998 $16,922,285 +0.2%
Expenses $17,612,857 $7,086,220 +1.5%
Net Income $3,116,141 $9,836,065 -0.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
19
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,913,632
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY KATZ CHAIR 1.00
Officer Director
$0 $0 $0
RYAN MILLER VICE CHAIR 1.00
Officer Director
$0 $0 $0
PHILLIP SMITH TREASURER 1.00
Officer Director
$0 $0 $0
GREG KIGER SECRETARY 1.00
Officer Director
$0 $0 $0
MARY BURKE RIVERS BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
D R GOSSETT BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
SAMANTHA SHAFER BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
RANDY RUNYON BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
THOMAS WINSTON BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
BRIAN HEITKAMP BOARD OF DIRECTORS 1.00
Director
$0 $0 $0
DIANA TUROFF PRESIDENT AND CEO 40.00
Officer
$590,480 $5,000 $595,480
ANDREW SWARY EVP, GENERAL COUNSEL 40.00
Officer
$396,584 $5,000 $401,584
MATT FRANK CHIEF FINANCIAL OFFICER 40.00
Officer
$373,568 $5,000 $378,568
JEFF MOHRMAN EVP, REAL ESTATE 40.00
Officer
$533,000 $5,000 $538,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $20,728,998 $17,612,857 $72,870,501 $3,116,141
2023 $16,922,285 $7,086,220 $72,269,615 $9,836,065
2022 $9,454,085 $4,300,762 $61,485,006 $5,153,323
2021 $7,712,446 $4,276,782 $57,278,842 $3,435,664
2020 $11,426,639 $4,245,151 $53,094,273 $7,181,488
2019 $11,181,596 $4,334,819 $45,667,389 $6,846,777
2018 $8,334,702 $3,360,754 $37,683,524 $4,973,948
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