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Ohio Community Development Finance Fund
Ohio Community Development Finance Fund reported $20.7 million in revenue and $17.6 million in expenses for calendar year 2024. Of every $100 it spent, $94.01 went to program services, $5.99 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 69.5% of the total. Government grants made up 69.5%. The highest compensation it reported for one person was $595,480 (PRESIDENT AND CEO). 4 people received more than $100,000 in reportable compensation. Revenue rose 85% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $18MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $21MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.0% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.0% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 69.5% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 69.5% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 30.2% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $595,480 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.38% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 4 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 48.9 | 9.2 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseOhio 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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 40.00 hrs/week | $590,480 | $0 | $5,000 | $595,480 |
| EVP, REAL ESTATE Officer, 40.00 hrs/week | $533,000 | $0 | $5,000 | $538,000 |
| EVP, GENERAL COUNSEL Officer, 40.00 hrs/week | $396,584 | $0 | $5,000 | $401,584 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $373,568 | $0 | $5,000 | $378,568 |
4 people received more than $100,000 in reportable compensation from Ohio Community Development Finance Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 519
- Volunteers Part I, line 610
Private foundation grants it received
1 private foundation reported grants to Ohio Community Development Finance Fund totaling $11 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Ohio Community Development Finance Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ohio Community Development Finance Fund, you can publish a response that is linked from this page.
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Of every $100 Ohio Community Development Finance Fund spent in 2024, $94.01 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Western Dairyland Economic Opportunity CouncilIndependence, WI · revenue $21M · programs 96.3% · 2024
- The Latino Coalition for Community LeadershipBakerfield, CA · revenue $21M · programs 95.7% · FY2025
- Access to Capital for EntrepreneursCleveland, GA · revenue $21M · programs 83.6% · 2025
- Choose New JerseyNewark, NJ · revenue $21M · programs 88.2% · 2024
- American Productivity & Quality CenterHouston, TX · revenue $21M · programs 83.7% · 2024
All community improvement & capacity building charities · Largest charities in Ohio
Questions people ask
How much of Ohio Community Development Finance Fund's spending goes to programs?
In calendar year 2024, Ohio Community Development Finance Fund reported that 94.0% of its $17.6 million in expenses went to program services, 6.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Ohio Community Development Finance Fund pay its top executive?
The largest total compensation Ohio Community Development Finance Fund reported for one person in calendar year 2024 was $595,480, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ohio Community Development Finance Fund get its money?
Of $20.7 million in revenue in calendar year 2024, 69.5% came from contributions and grants (including 69.5% from government grants) and 30.2% from program service revenue (Form 990, Part VIII).
Is Ohio Community Development Finance Fund a registered charity?
The IRS lists EIN 31-1229532 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512659349300951 · read the filing
- 2023: Form 990 for calendar year 2023, object 202422499349300232 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332129349301238 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202169349300115 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132449349301003 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012809349301006 · read the filing
All filings for EIN 31-1229532: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.