2025-04-01T08:05:48-07:00 2024-09-30 311081751 Toukan & Company 575 Charring Cross Dr Westerville OH 43081 990 2023-10-01 311088697 Ohio Statewide Development Corp OHIO 6144813214 1650 Lake Shore Drive 240 Columbus OH 43204 Katherine Kramer Executive Director 2025-04-01 true true Michelle R Bettac CPA P01279604 6149017100 2023 2025-03-06 01:10:19Z Katherine Kramer 1650 Lake Shore Drive 240 Columbus OH 43204 1385928 false X www.osdc.net X 1982 OH Fixed Asset Financing to Small Businesses 9 9 13 9 0 0 1092462 1305531 43555 79433 964 1136017 1385928 13775 3000 0 779309 923548 0 0 331277 387508 1124361 1314056 11656 71872 2297571 2345911 473984 448327 1823587 1897584 Fixed Asset Financing to Small Businesses false false 986292 1385929 Fixed Asset financing to small businesses 986292 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 13 true false false false false false false false false X 9 9 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 Kevin Goehring Asst Sec to 02/2024 40.00 0.00 152862 0 3890 Katherine Kramer Executive Dir. 40.00 0.00 X 119808 0 3594 Michael Kinninger Exec Dir to 12/2022 40.00 0.00 5420 0 163 Lisa Delp Secretary-01/25 2.50 0.00 X X 0 0 0 AJ Lewis Treasurer (cur) 2.50 0.00 X X 0 0 0 Blake Compton Vice President 2.50 0.00 X X 0 0 0 Susan Foltz Member-7/19/24 2.00 0.00 X 0 0 0 TJ Eveland Board Member 2.00 0.00 X 0 0 0 Jeff Guminey Board Member 2.00 0.00 X 0 0 0 Thomas Mack Board Member 2.00 0.00 X 0 0 0 Paul Collinsworth Treasurer (pr) 2.00 0.00 X X 0 0 0 Christopher Magill President 2.50 0.00 X X 0 0 0 278090 7647 2 true true false 0 0 504 Escrow Earnings 522291 128662 128662 Application Fees 522291 11000 11000 Loan Processing Fees 522291 388955 388955 Loan Service Fees 522291 775491 775491 Mortgage Interest 522291 1423 1423 1305531 79098 79098 0 0 0 335 335 335 335 0 0 0 Miscellaneous Income 522291 964 964 964 1385928 1305866 80062 3000 3000 0 0 0 245301 183976 61325 0 598594 448946 149648 16364 12273 4091 0 63289 47468 15821 0 0 0 0 0 0 77050 57788 19262 69072 51804 17268 65700 49272 16428 0 0 66489 49867 16622 16586 12439 4147 0 5925 4444 1481 0 0 14253 10690 3563 72433 54325 18108 0 1314056 986292 327764 0 87213 35817 652321 842855 0 79188 184152 0 0 43872 0 0 0 89648 72955 27272 16693 998688 900473 0 0 0 409017 365921 2297571 2345911 121971 148664 352013 299663 473984 448327 X 1823587 1897584 1823587 1897584 2297571 2345911 71872 2125 X false true X true false 23295 19996 3299 66353 52959 13394 16693 Deposit 4308 Right of use asset-op lease 361613 365921 Op Lease Liability 299663 299663 X 1388053 2125 2125 1385928 1385928 1314056 1314056 1314056 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 Kevin Goehring Asst Sec to 02/2024 136362 16500 3890 156752 Michael Kinninger Exec Dir to 12/2022 5420 163 5583 Form 990, Part VI, Section B, Line 11b Form 990 is reviewed for completeness and accuracy by Katie Kramer, Executive Director, Heather Yomboro, Operations Manager, 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 is completed as part of one of the monthly board meetings each year. The Board of Directors determines the amount of executive 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 compensation is documented in the board meeting minutes. The process was last undertaken in December 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.