2024-03-21T16:30:27-05:00 2023-06-30 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 43215 990 2022-07-01 311145544 ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE ECON 6145590115 1655 OLD LEONARD AVENUE COLUMBUS OH 43219 INNA KINNEY CEO 6145590115 2024-03-21 1 INNA KINNEY 999009999 1 KATHY M MOSELEY P00116760 6142211120 2024-03-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z INNA KINNEY 1655 OLD LEONARD AVENUE COLUMBUS OH 43219 13823454 0 X WWW.ECDI.ORG X 1985 OH ECDI SERVES THE NEEDS OF DISADVANTAGED LOW-INCOME, LOW-WEALTH ENTREPRENEURS THROUGH A MULTI-TIERED APPROACH THAT COMBINES ACCESS TO AFFORDABLE CAPITAL, WITH WRAPAROUND SMALL BUSINESS DEVELOPMENT SERVICES, ALLOWING UNDERSERVED ENTREPRENEURS TO CREATE AND EXPAND THEIR BUSINESS AND ENTER THE ECONOMIC MAINSTREAM. 14 12 89 82 0 0 17056063 10267064 2914421 3550963 617 5427 0 0 19971101 13823454 0 229909 0 0 5834756 7303836 0 0 28333 10093484 5318294 15928240 12852039 4042861 971415 78355876 74364076 65818016 60854801 12537860 13509275 THE MISSION OF ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE (ECDI) IS TO INVEST IN PEOPLE TO CREATE MEASURABLE AND ENDURING SOCIAL AND ECONOMIC CHANGE. ECDI ACCOMPLISHES ITS MISSION THROUGH SMALL BUSINESS LENDING AND DEVELOPMENT SERVICES. 0 0 7334820 229909 546985 ECDI PROVIDES SMALL BUSINESS DEVELOPMENT SERVICES INCLUDING ONE-ON-ONE TECHNICAL ASSISTANCE, BUSINESS DEVELOPMENT TRAINING, AND SECTOR-SPECIFIC BUSINESS INCUBATION PROGRAMS. ECDI IS THE HOST OF FOUR SBA WOMEN'S BUSINESS CENTERS AND PROVIDES SERVICES ACROSS THE STATE OF OHIO AND PARTS OF WEST VIRGINIA, KENTUCKY, AND INDIANA, WITH OFFICES IN SEVEN CITIES. 3380107 3003978 ECDI OFFERS RESPONSIBLE, AFFORDABLE SMALL BUSINESS LOANS RANGING FROM $750 TO $500,000 TO ENTREPRENEURS THAT FACE BARRIERS TO OBTAINING CAPITAL FROM TRADITIONAL FINANCIAL INSTITUTIONS. ECDI'S CLIENTELE CONSISTS LARGELY OF WOMEN (52.7%), MINORITIES (57.2%), AND LOW-MODERATE INCOME PEOPLE (47.7%). DURING FISCAL YEAR 2023, ECDI DISBURSED 948 LOANS TOTALING MORE THAN $23.0 MILLION. 10714927 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 97 0 1 89 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X INNA KINNEY 6145590115 1655 OLD LEONARD AVENUE COLUMBUS OH 43219 INNA KINNEY CEO 40.00 X X 306049 0 23519 STEVEN FIREMAN PRESIDENT 40.00 X X 300341 0 29847 MONIQUA SPENCER VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 DARREN CHERRY CHAIR/VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 JEFFREY BULLER VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 MAGARET FERENCE VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 JOHN HRUSOVSKY II VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 JOHN MCCOURT VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 RODELL MCCULLOUGH VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 STEPHANIE STEWARD-YOUNG VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 ALICIA TOWNSEND VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 JAMES TURNER VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 KEVIN HART 1222 - 323 VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 TARA CAMPBELL VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 JEFFERY PATTER VOTING INDEPENDENT BOARD MEMBER 1.00 X 0 0 0 MAUREEN THOMAS CFO/COO 40.00 X 154560 0 21061 ADAM WEZEY CHIEF CREDIT OFFICER 40.00 X 167638 0 27346 FONDA WILLIAMS CHIEF GOV'T AFFAIRS AND ECONOMIC DEVELOPMENT OFFIC 40.00 X 130107 0 13399 JASMINE DIXON VP OF BUSINESS GROWTH DEVELOPMENT / FUNDRAISING 40.00 X 124516 0 13633 DOUGLAS CRAVEN VP OF STRATEGIC PARTNERSHIPS / FUNDRAISING 40.00 X 122219 0 4523 ANNA PARLET VP OF DEVELOPMENT 40.00 X 119580 0 12838 1425010 0 146166 11 0 1 0 EASY IT 4150 TULLER ROAD SUITE 234 DUBLIN OH 43017 IT SERVICES AND IT RELATED PROCUREMENTS 238860 SBC SMALL BUSINESS ADVISING LLC 175 S THIRD ST STE 200 COLUMBUS OH 43215 TRAINING TO SMALL BUSINESS 164414 ICE MILLER LEGAL COUNSEL 250 WEST STREET SUITE 700 COLUMBUS OH 432157509 LEGAL SERVICES 120477 3 8084033 2183031 10267064 INTEREST AND CLOSING FEES ON LOAN 900099 3003978 3003978 MEMBERSHIP, REGISTRATION, REVENUE 900099 546985 546985 3550963 5427 5427 13823454 3550963 0 5427 229909 229909 835378 709394 122540 3444 5081136 4314848 745342 20946 114619 85469 28838 312 824154 620517 201310 2327 448549 340523 106722 1304 133504 54354 79150 65250 26566 38684 1093886 898900 194986 215455 192517 22938 682545 650619 31926 276012 147590 128422 919568 917567 2001 284030 284030 PROVISION FOR LOAN LOSS 1090804 1090804 OTHER 320185 253503 66682 BANK AND CREDIT REPORT 205530 152022 53508 EQUIPMENT RENT & MAINT 31525 29825 1700 12852039 10714927 2108779 28333 32434649 25519718 3180966 3436482 37167090 39847664 139000 177224 6352783 1445977 5102558 4906806 331613 476182 78355876 74364076 185956 883182 1996764 876737 26500793 31488317 30664281 26988605 6470222 617960 65818016 60854801 X 10967213 13200631 1570647 308644 12537860 13509275 78355876 74364076 971415 0 X 0 1 X 1 1 1 X 4852697 6409264 11454651 17056063 10267064 50039739 4852697 6409264 11454651 17056063 10267064 50039739 50039739 712 851 939 617 5427 8546 50048285 13891398 0.99980 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 235000 235000 5419261 1213288 4205973 605445 232689 372756 93077 93077 4906806 OPERATING LEASE LIABILITIES 157548 DUE TO FUND 460412 617960 X 13823454 0 13823454 0 13823454 12852039 0 12852039 0 12852039 PART X, LINE 2: ECDI PERFORMS AN ANNUAL ASSESSMENT FOR ANY UNCERTAINTY IN INCOME TAX POSITIONS, WHICH INCLUDES AN ANALYSIS OF WHETHER THERE ARE ANY TAX POSITIONS THAT ECDI TAKES WITH REGARD TO UNRELATED BUSINESS INCOME, RELATED DEDUCTIONS APPLIED, OR OTHER ACTIVITIES THAT MAY JEOPARDIZE THEIR TAX EXEMPT STATUS AND THUS WOULD MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION. NO TAX LIABILITY ACCRUAL WAS RECORDED RELATING TO MATERIAL UNCERTAIN POSITIONS TAKEN AS MANAGEMENT BELIEVES THERE ARE NONE. 1 CLARK COUNTY BOARD OF DEVELOPMENTAL DISABILITIES 2527 KENTON STREET SPRINGFIELD OH 45505 316000132 6300 0 TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES. CLARK COUNTY LOCAL FOODS COUNCIL 76 E HIGH STREET SPRINGFIELD OH 45502 844242103 5300 0 TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES. COLUMBUS COMPACT CORPORATION 1890 E MAIN STREET COLUMBUS OH 43205 311446694 8000 0 TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES. COMMUNITY IMPROVEMENT CORPORATION OF BELMONT COUNTY 133 WOODROW AVENUE SAINT CLAIRSVILLE OH 43950 340926381 42967 0 COLLABORATE WITH THE ORGANIZATION TO IMPLEMENT NEEDED BUSINESS DEVELOPMENT PROGRAMMING THAT IMPROVES THE ECONOMY IN THEIR COMMUNITIES AND TO INCREASE THE CAPACITY OF THE ORGANIZATION TO OFFER ADDITIONAL SMALL BUSINESS RESOURCES FOR THEIR RESIDENTS. NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT 2511 CLARK AVE CLEVELAND OH 44109 341805510 6300 0 TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES. OHIO CDC ASSOCIATION 100 EAST BROAD STREET SUITE 500 COLUMBUS OH 43215 311109984 71940 0 TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES. SHAWNEE STATE UNIVERSITY 940 SECOND STREET PORTSMOUTH OH 45662 310864917 5238 0 COLLABORATE WITH THE ORGANIZATION TO IMPLEMENT NEEDED BUSINESS DEVELOPMENT PROGRAMMING THAT IMPROVES THE ECONOMY IN THEIR COMMUNITIES AND TO INCREASE THE CAPACITY OF THE ORGANIZATION TO OFFER ADDITIONAL SMALL BUSINESS RESOURCES FOR THEIR RESIDENTS. THE GALLIA COUNTY CHAMBER OF COMMERCE 16 STATE STREET PO BOX 465 GALLIPOLIS OH 45631 314186670 5865 0 COLLABORATE WITH THE ORGANIZATION TO IMPLEMENT NEEDED BUSINESS DEVELOPMENT PROGRAMMING THAT IMPROVES THE ECONOMY IN THEIR COMMUNITIES AND TO INCREASE THE CAPACITY OF THE ORGANIZATION TO OFFER ADDITIONAL SMALL BUSINESS RESOURCES FOR THEIR RESIDENTS. THE WOMEN'S CENTER FOR ECONOMIC OPPORTUNITY 339 SYCAMORE WOODS LN GAHANNA OH 43230 844172261 8000 0 TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES. 9 0 PART I, LINE 2: PROGRAM STAFF REVIEW ALL PROGRAMMATIC REPORTS SUBMITTED AND COMPARE TO INVOICING. IF OK THEY ARE FORWARDED TO FISCAL FOR PROCESSING. ECDI STAFF GO TO PARTNER LOCATIONS THROUGHOUT THE YEAR, BRINGING OFFICE HOURS AND WORKSHOPS TO EACH COMMUNITY. DURING THESE VISITS, THE MAIN GRANTOR CHECK-IN WITH THEIR PARTNERS TO ENSURE PROGRAMMATIC EXCELLENCE. PROGRAM PARTNERS COME TOGETHER AT LEAST ONCE PER YEAR TO REVIEW THE PROGRAM, DISCUSS CHANGES, AND IMPROVEMENTS. X 0 0 0 0 0 0 0 0 0 STEVEN FIREMAN PRESIDENT 300341 0 0 0 0 0 7362 0 22485 0 330188 0 0 0 INNA KINNEY CEO 306049 0 0 0 0 0 5057 0 18462 0 329568 0 0 0 ADAM WEZEY CHIEF CREDIT OFFICER 167638 0 0 0 0 0 4279 0 23067 0 194984 0 0 0 MAUREEN THOMAS CFO/COO 154560 0 0 0 0 0 4759 0 16302 0 175621 0 0 0 FOCUSCFO DARREN CHERRY, BOARD MEMBER IS A MINORITY SHAREHOLDER OF FOCUSCFO 63000 DARREN CHERRY IS AN AREA PRESIDENT AND MINORITY SHAREHOLDER (<4%) OF FOCUSCFO, A FIRM WHICH PROVIDES FRACTIONAL CFO SERVICES TO SMALL AND MEDIUM SIZED BUSINESS AND ORGANIZATIONS. STARTING IN JUNE 2020, IN CONNECTION WITH THE PLANNED RETIREMENT OF ECDI'S FORMER CFO, ECDI ENGAGED FOCUSCFO TO PROVIDE A FRACTIONAL CFO FOR 3 DAYS PER WEEK. 0 FORM 990, PART VI, SECTION B, LINE 11B COPIES ARE SENT TO FULL BOARD PRIOR TO FILING AND APPROVAL RECEIVED FROM AUTHORIZED BOARD REP. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK AND EMPLOYEES MUST SIGN AS HAVING READ AND UNDERSTOOD. THE POLICY IS ALSO DISCUSSED AT PERIODIC STAFF MEETINGS. POTENTIAL CONFLICTS ARE TO BE DISCLOSED IN WRITING TO HUMAN RESOURCES WHO THEN INVESTIGATE, MAKE AN INITIAL FINDING AS TO WHETHER A CONFLICT EXISTS, AND RECOMMEND TO MANAGEMENT POTENTIAL ACTION TO REMEDY THE SITUATION. THE COMPANY HAS A WHISTLEBLOWER POLICY THAT PROTECTS INDIVIDUALS WHO IDENTIFY A CONFLICT OF INTEREST IN AN EFFORT TO ENCOURAGE OPEN DISCLOSURE OF CONFLICTS OR WRONG DOING. THIS WHISTLEBLOWER POLICY CAN BE FOUND IN THE ECDI EMPLOYEE HANDBOOK AS WELL AS OUR BOARD POLICY MANUAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC SINCE THERE IS NO LEGAL PROVISION TO DO SO.