Ohio Community Development Finance Fund

Organization Overview

Ohio Community Development Finance Fund is located in Columbus, OH. The organization was established in 1988. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Ohio Community Development Finance Fund employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Community Development Finance Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Ohio Community Development Finance Fund generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Ohio Community Development Finance Fund has awarded 166 individual grants totaling $6,462,664. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

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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Board, Officers & Key Employees

Name (title)Compensation
Diana Turoff
President And CEO
$399,504
Jeff Mohrman
Evp, Real Estate
$350,000
Andrew Swary
Evp, General Counsel
$285,500
Matt Frank
Chief Financial Officer
$260,516
Ryan Miller
Vice Chair
$0
Jerry Katz
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,450,000
All other contributions, gifts, grants, and similar amounts not included above$205
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,450,205
Total Program Service Revenue$6,637,268
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$375,027
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,712,446

Grants Awarded

Over the last fiscal year, Ohio Community Development Finance Fund has awarded $946,485 in support to 24 organizations.

Grant RecipientAmount

URBAN MISSION MINISTRIES INC

Org PageRecipient Profile

Steubenville, OH

PURPOSE: ECONOMIC DEVELOPMENT

$100,000

IRONTON LAWRENCE COUNTY COMMUN

Org PageRecipient Profile

Ironton, OH

PURPOSE: ECONOMIC DEVELOPMENT

$100,000

WSOS COMMUNITY ACTION AGENCY - GREAT LAKES COMM ACTION PARTNERSHIP

Org PageRecipient Profile

Fremont, OH

PURPOSE: ECONOMIC DEVELOPMENT

$96,275

PARSONS AVENUE REDEVELOPMENT CORPORATION (PARC) - BRACKETT BUILDERS INC

Org PageRecipient Profile

Columbus, OH

PURPOSE: ECONOMIC DEVELOPMENT

$85,000

LANCASTER-FAIRFIELS COUNTY COMMUNITY ACTION AGENCY

Org PageRecipient Profile

Lancaster, OH

PURPOSE: ECONOMIC DEVELOPMENT

$67,223

ROSS COUNTY COMMUNITY ACTION COMMISSION INC

Org PageRecipient Profile

Chillicothe, OH

PURPOSE: ECONOMIC DEVELOPMENT

$64,430
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ohio Community Development Finance Fund has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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