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Nonprofit · EIN 26-3389252

CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY

Tax-exempt · COVINGTON, KY 41011

Financials

$2.6M$1.2M2023$5.2M$3.4M2024
Revenue Expenses · by fiscal year end
Financials of CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,241,748$3,392,675$1,849,073$29,906,477$24,538,978$5,367,499
December 31, 2023990$2,578,550$1,212,274$1,366,276$27,471,423$23,952,997$3,518,426
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,772,950
of which government grants
$1,157,824
Program service revenue
$202,099
Investment income
$1,266,699
Net gain from sales of assets
-$14,210
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,463,767
Compensation of officers, directors and key employees
$564,021
Other salaries and wages
$182,982
Salaries, compensation and benefits (total)
$806,768
Professional fundraising fees
$0
Legal fees
$12,250
Accounting fees
$104,814
Travel
$4,523
Program services (functional)
$3,173,353
Management and general (functional)
$168,950
Fundraising (functional)
$50,372

Balance sheet and other

Total assets, start of year
$27,471,423
Total assets, end of year
$29,906,477
Total liabilities, end of year
$24,538,978
Net assets, end of year
$5,367,499
Net assets without donor restrictions
$4,744,877
Net assets with donor restrictions
$622,622
Gross receipts
$5,255,958
Employees
6
Volunteers
35
Year formed
2008
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JEANNE SCHROERPRESIDENT & CEO
Trustee or director, Officer
40$310,000$9,656
JOSEPH KLARECHIEF OPERATING OFFICER
Key employee
40$230,000$14,364
TRAVIS GYSEGEMDIRECTOR OF RESEARCH & UNDERWRITING
Highest-paid employee
40$110,000$10,764
CHARLES SCHEPERCHAIRMAN
Trustee or director, Officer
0.5$0$0
MARTIN BUTLERVICE CHAIRMAN
Trustee or director, Officer
0.5$0$0
MARTHA SKELTONSECRETARY
Trustee or director, Officer
0.5$0$0
MARK CAESARTREASURER
Trustee or director, Officer
0.5$0$0
THOMAS ALLENDIRECTOR
Trustee or director
0.5$0$0
GENE BARBERDIRECTOR
Trustee or director
0.5$0$0
MARK BICKERDIRECTOR
Trustee or director
0.5$0$0
BRIAN FINLEYDIRECTOR
Trustee or director
0.5$0$0
ROBERT LAMOTHEDIRECTOR
Trustee or director
0.5$0$0
BOB LUEBBEDIRECTOR
Trustee or director
0.5$0$0
BERNIE MCKAYDIRECTOR
Trustee or director
0.5$0$0
JASON PAYNEDIRECTOR
Trustee or director
0.5$0$0
9 more people on this return
NameTitleHours / weekCompensation
MATTHEW RANDAZZODIRECTOR
Trustee or director
0.5$0
LEE SCHEBENDIRECTOR
Trustee or director
0.5$0
JIM UEBELDIRECTOR
Trustee or director
0.5$0
PAM WEBERDIRECTOR
Trustee or director
0.5$0
RHONDA WHITAKER-HURTTDIRECTOR
Trustee or director
0.5$0
RICK WIRTHLINDIRECTOR
Trustee or director
0.5$0
WILL WOODWARDDIRECTOR
Trustee or director
0.5$0
BRUNO GIACOMUZZIDIRECTOR (THRU 1/2024)
Trustee or director
0.5$0
SCOTT SMITHDIRECTOR (THRU 4/2024)
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 24 people
NameTitleHours / weekCompensation
JEANNE SCHROERPRESIDENT/CEO
Trustee or director, Officer
40$282,042
JOE KLARECOO
Officer
40$204,038
THOMAS ALLENDIRECTOR
Trustee or director
0.5$0
GENE BARBERDIRECTOR
Trustee or director
0.5$0
MARK BICKERDIRECTOR
Trustee or director
0.5$0
BRIAN BROCKHOFFDIRECTOR
Trustee or director
0.5$0
BRIAN FINLEYDIRECTOR
Trustee or director
0.5$0
BRUNO GIACOMUZZIDIRECTOR
Trustee or director
0.5$0
ROBERT LAMOTHEDIRECTOR
Trustee or director
0.5$0
BOB LUEBBEDIRECTOR
Trustee or director
0.5$0
BERNIE MCKAYDIRECTOR
Trustee or director
0.5$0
JASON PAYNEDIRECTOR
Trustee or director
0.5$0
MATTHEW RANDAZZODIRECTOR
Trustee or director
0.5$0
LEE SCHEBENDIRECTOR
Trustee or director
0.5$0
SCOTT SMITHDIRECTOR
Trustee or director
0.5$0
JIM UEBELDIRECTOR
Trustee or director
0.5$0
PAM WEBERDIRECTOR
Trustee or director
0.5$0
RHONDA WHITAKER-HURTTDIRECTOR
Trustee or director
0.5$0
RICK WIRTHLINDIRECTOR
Trustee or director
0.5$0
WILL WOODWARDDIRECTOR
Trustee or director
0.5$0
MARTHA SKELTONSECRETARY
Trustee or director, Officer
0.5$0
MARK CAESARTREASURER
Trustee or director, Officer
0.5$0
MARTIN BUTLERVICE CHAIRMAN
Trustee or director, Officer
0.5$0
CHARLES SCHEPERCHAIRMAN
Trustee or director, Officer
10$0

Address and contacts

Address (IRS master file)
209 GREEN UP ST 260, COVINGTON, KY 41011-1757
In care of
% JEANNE SCHROER
Principal officer (990 for 2024)
JEANNE SCHROER, 209 GREENUP ST, COVINGTON, KY 41011
Signed the 990
JEANNE SCHROER, PRESIDENT/CEO
Phone
(859) 757-0519
Return prepared by
CHERRY BEKAERT ADVISORY LLC

Mission

1. IMPROVE QUALITY OF LIFE AND ENVIRONMENT; 2. INCREASE ECONOMIC OPPORTUNITY FOR COMMUNITY RESIDENTS; 3. PROVIDE AFFORDABLE HOUSING CHOICES; 4. ATTRACT AMENITIES THAT ENHANCE COMMUNITY VIBRANCY; 5. GROW LOCAL TAX BASE; 6. CONTRIBUTE TO REGIONAL ECONOMIC DEVELOPMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • IN 2024, THE CATALYTIC FUND DEPLOYED $7,381,000 IN CAPITAL AND DEVELOPED AN ACTIVE PIPELINE OF $15,000,000+ IN THE CURRENT CHALLENGING REAL ESTATE MARKET AND SMALL BUSINESS ENVIRONMENT. THE 13 PROJECTS FUNDED THROUGH CATALYTIC FUND INVESTMENTS AND SUPPORTED BY CATALYTIC FUND DEVELOPMENT SERVICES CREATED $29,554,000 IN NEW INVESTMENT IN THE CATALYTIC FUND'S CDFI TARGET MARKET, PRESERVED AND RENOVATED 12 HISTORIC BUILDINGS, CREATED 20 RESIDENTIAL UNITS - 12 OF WHICH ARE AFFORDABLE TO HOUSEHOLDS AT 80% OF AMI, AND CREATED 71,844 SQUARE FEET OF TENANT READY COMMERCIAL SPACE. THE CATALYTIC FUND ALSO INCREASED ITS INVESTMENT CAPITAL BY $3,000,000 AND SAW THE EXECUTION OF ONE OF THE ORGANIZATION'S MOST HIGH IMPACT INVESTMENTS TO DATE IN SPARKHAUS, A COMMUNITY FACILITY SUPPORTING SMALL BUSINESSES TO RAPIDLY. = GROW IN THE NORTHERN KENTUCKY REGION EACH YEAR.
    Expenses $3,173,353 · grants $1,463,767 · revenue $202,099

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-3389252
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$29,906,477
Income (IRS master file)
$5,255,958

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,241,748$3,392,675$29,906,477XML
990December 2023$2,578,550$1,212,274$27,471,423XML
990December 2022$2,528,032$1,667,768$20,725,291IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3389252).

Questions about CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY

What is the EIN of CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY?
The employer identification number (EIN) of CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY is 26-3389252.
Is CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY?
The 990 for the year ended December 31, 2024 names JEANNE SCHROER.
Who are the officers and directors of CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY?
The 990 for the year ended December 31, 2024 lists 24 people; 3 received compensation from the organization, the highest $310,000 (JEANNE SCHROER, PRESIDENT & CEO).
How much revenue does CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,241,748, expenses of $3,392,675 and total assets of $29,906,477 at year end.

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