2024-06-27T05:50:06-07:00 2023-09-30 311081751 Toukan & Company 575 Charring Cross Dr Westerville OH 43081 990 2022-10-01 311088697 Ohio Statewide Development Corp OHIO 6144813214 1650 Lake Shore Drive 240 Columbus OH 43204 Katherine Kramer Executive Director 2024-06-27 true Katherine Kramer 999009999 true Michelle R Bettac CPA P01279604 6149017100 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Katherine Kramer 1650 Lake Shore Drive 240 Columbus OH 43204 1186017 false X www.osdc.net X 1982 OH Fixed Asset Financing to Small Businesses 10 10 9 11 0 0 995825 1092462 2950 43555 1011 0 999786 1136017 13775 0 837062 779309 0 0 255774 331277 1092836 1124361 -93050 11656 1928627 2297571 127972 473984 1800655 1823587 Fixed Asset Financing to Small Businesses false false 802294 1092462 Fixed Asset financing to small businesses 802294 false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 8 0 true 9 true false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true false false OH X Heather Yomboro 6144813214 1650 Lakeshore Dr Ste 240 Columbus OH 43204 Michael Kinninger Exec Dir -12/22 40.00 0.00 X 180436 0 10420 Kevin Goehring Asst Sec -2/24 40.00 0.00 X 124409 0 2916 Katherine Kramer Exec Dir 5/23- 40.00 0.00 X 0 0 188 Lisa Delp Secretary 1.50 0.00 X X 0 0 0 Katherine Kramer Pres -4/23 1.50 0.00 X X 0 0 0 Blake Compton VP 12/22- 1.50 0.00 X X 0 0 0 Robert Jablonski VP -12/22 1.50 0.00 X X 0 0 0 Theodore Johnson Treas -8/23 1.50 0.00 X X 0 0 0 Thomas Mack Board Member 1.00 0.00 X 0 0 0 Paul Collinsworth Treas 8/23- 1.50 0.00 X X 0 0 0 Christopher Magill Pres 4/23- 1.50 0.00 X X 0 0 0 Susan Foltz Brd Mbr 10/22- 1.00 0.00 X 0 0 0 TJ Eveland Brd Mbr 6/23- 1.00 0.00 X 0 0 0 Bryant Fox Brd Mbr -8/23 1.00 0.00 X 0 0 0 304845 13524 2 false true false 0 0 504 Escrow Earnings 522291 120293 120293 Application Fees 522291 8500 8500 Loan Processing Fees 522291 307856 307856 Loan Service Fees 522291 653454 653454 Mortgage Interest 522291 2359 2359 1092462 43383 43383 0 0 0 50172 50000 172 172 172 0 0 0 0 1136017 1092462 43555 13775 13775 0 0 0 280576 199209 81367 0 433482 307772 125710 12539 8903 3636 0 52712 37426 15286 0 0 0 0 0 0 59685 42377 17308 21356 15163 6193 64051 45477 18574 0 0 83371 59193 24178 33472 23765 9707 0 10674 7579 3095 0 0 16363 11618 4745 42305 30037 12268 0 1124361 802294 322067 0 144646 87213 151152 652321 0 48877 79188 0 0 49937 43872 0 0 86474 59202 42291 27272 1487413 998688 0 0 0 4311 409017 1928627 2297571 127972 121971 352013 127972 473984 X 1800655 1823587 1800655 1823587 1928627 2297571 11656 11276 X false true X true false 20303 17042 3261 66171 42160 24011 27272 Deposit 4308 Right of use asset-op lease 404709 409017 LT Op Lease Liab 352013 352013 X 1147293 11276 11276 1136017 1136017 1124361 1124361 1124361 Part X : FIN48 Footnote OSDC qualifies as a tax-exempt organization under Section 501(c)(4) of the Internal Revenue Code and, accordingly, is not subject to Federal income tax. The Organization does file an income tax return (Form 990) in the U.S. federal jurisdiction. In addition, OSDC is incorporated in the State of Ohio and is registered as a nonprofit organization. In March 2022, the Organization was determined to be exempt from the annual charitable registration and reporting requirements of the Attorney General for the State of Ohio.The Financial Accounting Standards Board (FASB) has issued FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise's (including non-profit enterprise) financial statements in accordance with FASB ASC 740-10-125, Accounting for Income Taxes. FASB ASC 740-10 also prescribes a recognition threshold and measurement standard for the financial statement recognition and measurement of an income tax position taken or expected to be taken in a tax return. In addition, FASB ASC 740-10 provide guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition.The Organization treats tax positions taken using the more-likely-than-not recognition threshold. Tax positions are measured in the year that the Organization believes that the position is more-likely-than-not to be sustained. Any positions that are not expected to be sustained will be recorded as a liability. The Organization believes that none of the tax positions taken would be material to the financial statements. X X false false false false false false false false false Michael Kinninger Exec Dir -12/22 128436 52000 5264 5156 190856 Form 990, Part VI, Section B, Line 11b Form 990 is reviewed for completeness and accuracy by Katherine Kramer, Executive Director, and the organization's audit committee. A copy of the Form 990 is provided to the Board members before filing. Form 990, Part VI, Section B, Line 12c The Conflict of Interest policy is reviewed at regular Board Meetings and during telephone conference calls which usually occur twice a month. Any conflicts are documented in the board meeting minutes. Individual board members abstain from voting if a conflict is identified that the board member is involved with during the fiscal year. Form 990, Part VI, Section B, Line 15a On an annual basis, the compensation process for the Executive Director and other top management is completed as part of one of the monthly board meetings each year. The Board of Directors determines the amount of executive and management compensation by analyzing industry information from the National Association of Development Corporations as well as the performance of the Organization. The Board then votes and agrees upon the amount. The decision for Executive Director and other top management compensation is documented in the board meeting minutes. Current Executive Director hired May 2023, first annual review will occur in May 2024. Form 990, Part VI, Section C, Line 19 OSDC makes governing documents, conflict of interest policy, and financial statements available to the public by request.