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)

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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. THE ORGANIZATION LOCATES FUNDING AND PROVIDES RESOURCES TO SUPPORT ORGANIZATIONS THAT ASSIST LOW AND MODERATE INCOME FAMILIES AND COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $16,557,716 Revenue: $6,263,362

OHIO COMMUNITY DEVELOPMENT FINANCE FUND (OCDFF) OFFERS A VARIETY OF DIFFERENT PROGRAMS AND SERVICES TO CONNECT NON-PROFITS AND SMALL BUSINESSES TO THE RESOURCES THEY NEED. THESE PROGRAMS INCLUDE...

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OHIO COMMUNITY DEVELOPMENT FINANCE FUND (OCDFF) OFFERS A VARIETY OF DIFFERENT PROGRAMS AND SERVICES TO CONNECT NON-PROFITS AND SMALL BUSINESSES TO THE RESOURCES THEY NEED. THESE PROGRAMS INCLUDE CREDIT ENHANCEMENT PROGRAMS, GRANTS, AND URBAN AND RURAL LENDING SEVERAL OF THE CREDIT ENHANCEMENT PROGRAMS INCLUDE THE LINKED DEPOSIT FUND AND THE CHILD CARE CAPITAL FUND. THE LINKED DEPOSIT FUND PROVIDES AFFORDABLE FINANCING FROM LOCAL LENDERS FOR HOUSING AND ECONOMIC PROJECTS REDUCING THE INTEREST RATE ON CONSTRUCTION OR PERMANENT FINANCING. THE CHILD CARE CAPITAL FUND PROVIDES RESOURCES FOR FINANCING REAL ESTATE PROJECTS AVAILABLE TO HEAD START AGENCIES TO REDUCE THE INTEREST RATE ON PERMANENT FINANCING OCDFF ALSO OFFERS PROGRAMS FOR PREDEVELOPMENT GRANTS AND ECONOMIC DEVELOPMENT GRANTS PREDEVELOPMENT GRANTS PROVIDE FUNDING FOR COMMUNITY BASED NON-PROFITS FOR PROJECT "SOFT COSTS" ON HOUSING AND ECONOMIC DEVELOPMENT PROJECTS ECONOMIC DEVELOPMENT GRANTS PROVIDE FUNDING FOR NEIGHBORHOOD COMMERCIAL IMPROVEMENT PROJECTS THAT CREATE PRIVATE-SECTOR JOBS TO STRENGTHEN THE AREA'S ECONOMIC BASE OCDFF ALSO PROVIDES A VARIETY OF DIFFERENT URBAN AND RURAL LENDING PROGRAMS, INCLUDING NEW MARKETS LOANS. NEW MARKETS LOANS PROVIDE CREDIT FOR FIXED ASSETS TO NONPROFIT AND FOR-PROFIT BUSINESS BORROWERS IN QUALIFYING LOW-INCOME CENSUS TRACKS.

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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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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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