2025-09-22T10:01:11-05:00 2024-12-31 341310124 REA & ASSOCIATES INC 5400 FRANTZ RD SUITE 200 DUBLIN OH 43016 990 2024-01-01 311229532 OHIO COMMUNITY DEVELOPMENT FINANCE FUND OHIO 6142211114 366 E BROAD ST 101 COLUMBUS OH 43215 MATT FRANK CHIEF FINANCIAL OFFICER 6142211114 2025-09-17 1 1 MELISSA DUNKLE CPA P01380769 6148898725 2025-09-05 2024 2025-03-06 01:10:19Z MATT FRANK 366 E BROAD ST 101 COLUMBUS OH 43215 22700178 0 X HTTPS://WWW.FINANCEFUND.ORG/ X 1987 OH FINANCE FUND BUILDS BRIDGES BETWEEN RESOURCES AND THE LOW-INCOME COMMUNITY TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE. 10 10 19 10 0 0 1735000 14406000 15089623 6263362 97662 59636 0 0 16922285 20728998 2630710 13903013 0 0 3861479 3182698 0 0 0 594031 527146 7086220 17612857 9836065 3116141 72269615 72870501 2259000 1080027 70010615 71790474 X FINANCE FUND BUILDS BRIDGES BETWEEN RESOURCES AND THE LOW-INCOME COMMUNITY TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE. THE ORGANIZATION LOCATES FUNDING AND PROVIDES RESOURCES TO SUPPORT ORGANIZATIONS THAT ASSIST LOW AND MODERATE INCOME FAMILIES AND COMMUNITIES. 0 0 16557716 13903013 6263362 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. 16557716 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 8 0 1 19 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X MATT FRANK 6142211114 366 E BROAD ST 101 COLUMBUS OH 43215 JERRY KATZ CHAIR 1.00 X X 0 0 0 RYAN MILLER VICE CHAIR 1.00 X X 0 0 0 PHILLIP SMITH TREASURER 1.00 X X 0 0 0 GREG KIGER SECRETARY 1.00 X X 0 0 0 MARY BURKE RIVERS BOARD OF DIRECTORS 1.00 X 0 0 0 D R GOSSETT BOARD OF DIRECTORS 1.00 X 0 0 0 SAMANTHA SHAFER BOARD OF DIRECTORS 1.00 X 0 0 0 RANDY RUNYON BOARD OF DIRECTORS 1.00 X 0 0 0 THOMAS WINSTON BOARD OF DIRECTORS 1.00 X 0 0 0 BRIAN HEITKAMP BOARD OF DIRECTORS 1.00 X 0 0 0 DIANA TUROFF PRESIDENT AND CEO 40.00 X 590480 0 5000 ANDREW SWARY EVP, GENERAL COUNSEL 40.00 X 396584 0 5000 MATT FRANK CHIEF FINANCIAL OFFICER 40.00 X 373568 0 5000 JEFF MOHRMAN EVP, REAL ESTATE 40.00 X 533000 0 5000 1893632 0 20000 4 0 1 0 0 14406000 14406000 NMTC INCOME 525990 2262569 2262569 FCAP ASSET MGMT FEE 561499 1680000 1680000 DEVELOPER FEE 525990 1196501 1196501 INCOME/LOSS ON SUBSIDIARIES 525990 1118263 1118263 MISC INCOME 561499 6029 6029 6263362 56921 56921 1973895 1971180 2715 2715 2715 20728998 6263362 0 59636 13903013 13903013 1893632 1420223 473409 1040793 780595 260198 43780 32835 10945 18617 13963 4654 185876 139407 46469 52755 26378 26377 68100 34050 34050 75962 37981 37981 1250 1250 100962 73388 27574 42683 21342 21341 67894 67894 38739 29054 9685 3539 100 3439 9187 9187 14407 14407 NMTC EXPENSE 36200 36200 MISCELLANEOUS 15468 0 15468 17612857 16557716 1055141 0 17404616 19152458 4554953 8620861 457325 442421 4558192 3060389 40507121 40280833 4787408 1313539 72269615 72870501 2259000 946610 0 133417 2259000 1080027 X 69205101 71190474 805514 600000 70010615 71790474 72269615 72870501 X 3116141 483367 -1819649 X X 0 1 X 1 1 1 X 2260315 1450205 1735000 1735000 14406000 21586520 2260315 1450205 1735000 1735000 14406000 21586520 21586520 59636 59636 21646156 44700005 0.99720 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CLOSELY-HELD EQUITY INTEREST 40280833 C 40280833 RELATED PARTY PAYABLES 133417 133417 X 19392716 483367 -1819649 -1336282 20728998 0 20728998 17612857 0 17612857 0 17612857 PART X, LINE 2: GAAP REQUIRES THE ORGANIZATION TO EVALUATE THE LEVEL OF UNCERTAINTY RELATED TO WHETHER TAX POSITIONS TAKEN BY THE ORGANIZATION OR ANY SUBSIDIARIES WILL BE SUSTAINED UPON EXAMINATION. ANY POSITIONS TAKEN THAT DO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD MUST BE QUANTIFIED AND RECORDED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. MANAGEMENT BELIEVES THAT NONE OF THE TAX POSITIONS TAKEN WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS AND NO SUCH LIABILITIES HAVE BEEN RECORDED. NO PROVISION FOR FEDERAL OR LOCAL INCOME TAXES WAS NECESSARY FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY METHOD INVESTMENT -1,315,155. INVESTMENT IN SUBSIDIARY -504,494. 1 SOLON COMMUNITY LIVING INC 3790 RIDGECLIFF DR SOLON OH 44139 833861819 501(C)(3) 12667 0 PREDEVELOPMENT FRANKLINTON FARMS 867 W TOWN ST SUITE A COLUMBUS OH 43222 454023198 501(C)(3) 15000 0 ECONOMIC DEVELOPMENT SECOND BAPTIST CHURCH OF THE C 186 N 17TH STREET COLUMBUS OH 43203 316401785 501(C)(3) 15505 0 PREDEVELOPMENT JURISDICTION-WIDE RESIDENT ADV 7162 READING ROAD SUITE 330 CINCINNATI OH 45237 204351820 501(C)(3) 20842 0 PREDEVELOPMENT FRANKLINTON RISING 4653 TRUEMAN BLVD SUITE 100 HILLIARD OH 43206 471508832 501(C)(3) 31500 0 PREDEVELOPMENT YELLOW SPRINGS HOME INC PO BOX 503 YELLOW SPRINGS OH 45387 311656193 501(C)(3) 50000 0 PREDEVELOPMENT MEDINA CREATIVE HOUSING 232 N COURT STREET MEDINA OH 44256 341712565 501(C)(3) 50000 0 PREDEVELOPMENT COLUMBUS HOUSING PARTNERSHIP 3343 AGLER RD SUITE 200 COLUMBUS OH 43219 311208260 501(C)(3) 50000 0 PREDEVELOPMENT CINCINNATI NORTHSIDE COMMUNITY 1546 KNOWLTON ST CINCINNATI OH 45223 830439252 501(C)(3) 50000 0 PREDEVELOPMENT OVER-THE-RHINE COMMUNITY HOUSI 114 W 14TH ST CINCINNATI OH 45202 311272434 501(C)(3) 50000 0 PREDEVELOPMENT BURTEN BELL CARR DEVELOPMENT 7201 KINSMAN RD SUITE 104 CLEVELAND OH 44104 341657533 501(C)(3) 50000 0 PREDEVELOPMENT CLEVELAND PRINT ROOM 4730 LEXINGTON AVENUE CLEVELAND OH 44103 900922757 501(C)(3) 75000 0 ECONOMIC DEVELOPMENT SOLON COMMUNITY LIVING INC 3790 RIDGECLIFF DR SOLON OH 44139 833861819 501(C)(3) 100000 0 ECONOMIC DEVELOPMENT MEDINA CREATIVE HOUSING 232 N COURT STREET MEDINA OH 44256 341712565 501(C)(3) 100000 0 ECONOMIC DEVELOPMENT FRANKLINTON RISING 4653 TRUEMAN BLVD SUITE 100 HILLIARD OH 43206 471508832 501(C)(3) 100000 0 ECONOMIC DEVELOPMENT THE REFUGEE RESPONSE 2054 W 47TH ST CLEVELAND OH 44102 300594051 501(C)(3) 146500 0 ECONOMIC DEVELOPMENT DETROIT SHOREWAY COMMUNITY DEV 6516 DETROIT AVENUE SUITE 1 CLEVELAND OH 44102 237376130 501(C)(3) 150000 0 ECONOMIC DEVELOPMENT FINANCE FUND CAPITAL CORPORATION 366 EAST BROAD STREET SUITE 101 COLUMBUS OH 43215 743033288 501(C)(3) 540000 0 OTHER 18 PART I, LINE 2: FINANCE FUND CHOOSES SEVERAL PROJECTS TO BE VISITED PERIODICALLY AS PART OF A COMPREHENSIVE MONITORING STRATEGY. FINANCE FUND MONITORS ALL OTHER GRANTEES BY REVIEWING THEIR PROGESS THROUGH FINANCIAL REPORTS, EXIT INTERVIEWS, ANNUAL AUDITS, CREDIT REPORTS, ANNUAL MONITORING LETTERS FOR LOANS AND OTHER OFFICE BASED PROCEDURES. X X X X X X 0 0 0 0 0 0 0 0 0 DIANA TUROFF PRESIDENT AND CEO 306480 0 284000 0 0 0 5000 0 0 0 595480 0 0 0 JEFF MOHRMAN EVP, REAL ESTATE 258000 0 275000 0 0 0 5000 0 0 0 538000 0 0 0 ANDREW SWARY EVP, GENERAL COUNSEL 223584 0 173000 0 0 0 5000 0 0 0 401584 0 0 0 MATT FRANK CHIEF FINANCIAL OFFICER 200568 0 173000 0 0 0 5000 0 0 0 378568 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT AND FINANCE COMMITTEES, AS WELL AS THE CHIEF FINANCIAL OFFICER, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, STAFF, AND VOLUNTEERS ARE UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN, OR REASONABLY SHOULD BE KNOWN. CONFLICT-OF- INTEREST DISCLOSURE STATEMENTS ARE COMPLETED ON AN ANNUAL BASIS (EVERY JANUARY) BY ALL BOARD MEMBERS, STAFF, AND VOLUNTEERS. ANY CHANGES WHICH OCCUR DURING THE YEAR ARE REPORTED THROUGH AN UPDATED STATEMENT. FOR BOARD MEMBERS, THE DISCLOSURE STATEMENTS ARE PROVIDED TO THE CHAIR OF THE BOARD, OR IN THE CASE OF THE CHAIR'S DISCLOSURE STATEMENT IS PROVIDED TO THE SECRETARY OF THE BOARD COPIES ARE ALSO PROVIDED TO THE CHIEF EXECUTIVE OFFICER. IN THE CASE OF STAFF OR VOLUNTEERS, THE DISCLOSURE STATEMENTS ARE PROVIDED TO THE CHIEF EXECUTIVE OFFICER OR IN THE CASE OF THE CEO'S DISCLOSURE STATEMENT IS PROVIDED TO THE CHAIR OF THE BOARD. WHENEVER THERE IS REASON TO BELIEVE THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN FINANCE FUND AND AN INTERESTED PARTY, THE BOARD OF DIRECTORS DETERMINES THE APPROPRIATE ORGANIZATIONAL RESPONSE. THIS INCLUDES INVOKING THE PROCEDURES DESCRIBED IN THE CONFLICT OF INTEREST POLICY. WHERE THE ACTUAL OR POTENTIAL CONFLICT INVOLVES AN EMPLOYEE OR VOLUNTEER OF THE ORGANIZATION OTHER THAN THE CEO, THE CEO WILL REVIEW THE MATTER AND TAKE APPROPRIATE ACTION AS NECESSARY TO PROTECT THE INTERESTS OF THE ORGANIZATION. THE CEO REPORTS TO THE CHAIR OF THE BOARD THE RESULTS OF ANY REVIEW AND THE ACTION TAKEN. THE CHAIR, IN CONSULTATION WITH THE EXECUTIVE COMMITTEE, SHALL DETERMINE IF ANY FURTHER BOARD REVIEW OR ACTION IS REQUIRED. THE SECRETARY OF THE BOARD OF DIRECTORS FILES COPIES OF ALL DISCLOSURE STATEMENTS WITH THE OFFICIAL CORPORATE RECORDS OF THE ORGANIZATION. DIRECTOR STATEMENTS ARE KEPT WITH BOARD RECORDS, AND STAFF AND VOLUNTEER STATEMENTS ARE KEPT IN PERSONNEL FILES. ALL CORPORATE POLICIES INCLUDING THE CONFLICT OF INTEREST POLICY ARE WRITTEN AND MADE AVAILABLE TO ALL BOARD, STAFF, AND VOLUNTEERS IN AN EMPLOYEE HANDBOOK OR BOARD HANDBOOK. ALL BOARD, STAFF, AND VOLUNTEERS SIGN STATEMENTS TO AFFIRM THAT THEY HAVE READ SUCH POLICES AND UNDERSTAND THEM. ALL CORPORATE POLICIES ARE REVIEWED ON AN ANNUAL BASIS BY KEY STAFF. RECOMMENDATIONS FOR POLICY CHANGES ARE BROUGHT BEFORE THE BOARD FOR REVIEW AND APPROVAL. POLICY CHANGES ARE COMMUNICATED TO BOARD, STAFF, AND VOLUNTEERS. THE EXECUTIVE COMMITTEE IS CHARGED WITH THE RESPONSIBILITY TO REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REVIEWING ANNUAL STATEMENT AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMPANY PERFORMS A COMPENSATION STUDY EVERY THREE YEARS AND DETERMINES A RANGE OF PAY FOR EACH POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY METHOD INVESTMENT -1,315,155. INVESTMENT IN SUBSIDIARY -504,494. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FROM PRIOR YEARS. FINANCE FUND MANAGEMENT LLC 366 E BROAD ST STE 101 COLUMBUS OH 43215 562396552 MANAGEMENT OH OH COMMUNITY FINANCE FUND CONSTRUCTION LLC 366 E BROAD ST STE 101 COLUMBUS OH 43215 920933166 CONSTRUCTION OH 304374 1700707 OH COMMUNITY FINANCE FUND CAPITAL CORPORATION 366 E BROAD ST STE 101 COLUMBUS OH 43215 743033288 LENDING OH 501(C)(3) 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 FINANCE FUND CAPITAL CORPORATION L 600000 CASH-FMV FINANCE FUND CAPITAL CORPORATION B 540000 CASH-FMV