Nonprofit · EIN 31-1145544
ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC
Tax-exempt · COLUMBUS, OH 43219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $16,450,425 | $16,231,478 | $218,947 | $77,992,000 | $60,133,531 | $17,858,469 |
| June 30, 2024 | 990 | $15,309,878 | $13,447,130 | $1,862,748 | $77,366,197 | $59,726,675 | $17,639,522 |
| June 30, 2023 | 990 | $13,823,454 | $12,852,039 | $971,415 | $74,364,076 | $60,854,801 | $13,509,275 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,323,768
- of which government grants
- $6,611,823
- Program service revenue
- $5,904,911
- Investment income
- $221,746
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $266,967
- Compensation of officers, directors and key employees
- $710,331
- Other salaries and wages
- $5,732,489
- Salaries, compensation and benefits (total)
- $7,927,325
- Professional fundraising fees
- $0
- Legal fees
- $45,486
- Accounting fees
- $84,550
- Occupancy
- $642,020
- Travel
- $189,061
- Depreciation
- $314,562
- Program services (functional)
- $11,781,954
- Management and general (functional)
- $4,449,524
Balance sheet and other
- Total assets, start of year
- $77,366,197
- Total assets, end of year
- $77,992,000
- Total liabilities, end of year
- $60,133,531
- Net assets, end of year
- $17,858,469
- Land, buildings and equipment
- $6,563,200
- Net assets without donor restrictions
- $16,358,469
- Net assets with donor restrictions
- $1,500,000
- Gross receipts
- $16,450,425
- Employees
- 82
- Volunteers
- 96
- Year formed
- 1985
- State of legal domicile
- OH
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN FIREMAN | PRESIDENT/SECRETARY Trustee or director, Officer | 40 | $359,334 | $16,661 |
| INNA KINNEY | FOUNDER & CEO Trustee or director, Officer | 40 | $308,690 | $8,895 |
| FONDA WILLIAMS | CHIEF GOV'T AFFAIRS AND ECONOMIC DEVELOPMENT Highest-paid employee | 40 | $186,785 | $10,286 |
| BRIAN BARRET | VP OF FINANCIAL MANAGEMENT Highest-paid employee | 40 | $111,798 | $6,839 |
| DARREN CHERRY | CHAIR/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| JEFFREY BULLER | TREASURER/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| MAGARET FERENCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN HRUSOVSKY II | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATHEW GLOVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RODELL MCCULLOUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARRIE ROSENFELT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALICIA TOWNSEND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TARA CAMPBELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFERY PATTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN FIREMAN | PRESIDENT/SECRETARY Trustee or director, Officer | 40 | $369,534 | $35,616 |
| INNA KINNEY | FOUNDER & CEO Trustee or director, Officer | 40 | $318,890 | $35,386 |
| MAUREEN THOMAS | CFO Key employee | 40 | $215,183 | $23,670 |
| FONDA WILLIAMS | CHIEF GOV'T AFFAIRS AND ECONOMIC DEVELOPMENT OFFIC Highest-paid employee | 40 | $186,785 | $8,557 |
| JASMINE DIXON | VP OF BUSINESS GROWTH DEVELOPMENT / FUNDRAISING Highest-paid employee | 40 | $132,387 | $6,296 |
| ANNA PARLET | VP OF DEVELOPMENT Highest-paid employee | 40 | $118,586 | $9,212 |
| STEPHANIE MARIE VILLEGAS | VP OF LENDING & SALES Highest-paid employee | 40 | $113,816 | $10,320 |
| BRIAN BARRET | VP OF FINANCIAL MANAGEMENT Highest-paid employee | 40 | $111,798 | $5,431 |
| DARREN CHERRY | CHAIR/VOTING INDEPENDENT BOARD MEMBER Trustee or director, Officer | 0 | $0 | $0 |
| JEFFREY BULLER | TREASURER/VOTING INDEPENDENT BOARD MEMBER Trustee or director, Officer | 0 | $0 | $0 |
| MAGARET FERENCE | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| JOHN HRUSOVSKY II | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| MATHEW GLOVER | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| RODELL MCCULLOUGH | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| CARRIE ROSENFELT | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| ALICIA TOWNSEND | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| TARA CAMPBELL | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| JEFFERY PATTER | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN FIREMAN | PRESIDENT Trustee or director, Officer | 40 | $300,341 | $29,847 |
| INNA KINNEY | CEO Trustee or director, Officer | 40 | $306,049 | $23,519 |
| ADAM WEZEY | CHIEF CREDIT OFFICER Highest-paid employee | 40 | $167,638 | $27,346 |
| MAUREEN THOMAS | CFO/COO Key employee | 40 | $154,560 | $21,061 |
| FONDA WILLIAMS | CHIEF GOV'T AFFAIRS AND ECONOMIC DEVELOPMENT OFFIC Highest-paid employee | 40 | $130,107 | $13,399 |
| JASMINE DIXON | VP OF BUSINESS GROWTH DEVELOPMENT / FUNDRAISING Highest-paid employee | 40 | $124,516 | $13,633 |
| ANNA PARLET | VP OF DEVELOPMENT Highest-paid employee | 40 | $119,580 | $12,838 |
| DOUGLAS CRAVEN | VP OF STRATEGIC PARTNERSHIPS / FUNDRAISING Highest-paid employee | 40 | $122,219 | $4,523 |
| MONIQUA SPENCER | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARREN CHERRY | CHAIR/VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFREY BULLER | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MAGARET FERENCE | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN HRUSOVSKY II | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN MCCOURT | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RODELL MCCULLOUGH | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANIE STEWARD-YOUNG | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALICIA TOWNSEND | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES TURNER | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN HART 1222 - 323 | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TARA CAMPBELL | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFERY PATTER | VOTING INDEPENDENT BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1655 OLD LEONARD AVE, COLUMBUS, OH 43219-2541
- Principal officer (990 for 2024)
- INNA KINNEY, 1655 OLD LEONARD AVENUE, COLUMBUS, OH 43219
- Signed the 990
- INNA KINNEY, CEO
- Phone
- (614) 559-0115
- Website
- WWW.ECDI.ORG
- Return prepared by
- GBQ PARTNERS LLC
Mission
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.
Program accomplishments
- 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.Expenses $7,392,314 · grants $246,412 · revenue $1,989,357
- ECDI OFFERS RESPONSIBLE, AFFORDABLE SMALL BUSINESS LOANS RANGING FROM $750 TO $2 MILLION TO ENTREPRENEURS WHO MAY NOT QUALIFY FOR TRADITIONAL FINANCIAL INSTITUTION FINANCING. DURING FISCAL YEAR 2025, ECDI DISBURSED 1,021 LOANS TOTALING MORE THAN $18.5 MILLION.Expenses $4,389,640 · grants $20,555 · revenue $3,915,554
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1145544
- 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
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $77,992,000
- Income (IRS master file)
- $16,450,425
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $16,450,425 | $16,231,478 | $77,992,000 | IRS |
| 990 | June 2024 | $15,309,878 | $13,447,130 | $77,366,197 | IRS |
| 990 | June 2023 | $13,823,454 | $12,852,039 | $74,364,076 | XML |
| 990 | June 2022 | $19,971,101 | $15,928,240 | $78,355,876 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 31-1145544).
Questions about ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC
- What is the EIN of ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC?
- The employer identification number (EIN) of ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC is 31-1145544.
- Is ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC 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 ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC?
- The 990 for the year ended June 30, 2025 names INNA KINNEY.
- Who are the officers and directors of ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 4 received compensation from the organization, the highest $359,334 (STEVEN FIREMAN, PRESIDENT/SECRETARY).
- How much revenue does ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $16,450,425, expenses of $16,231,478 and total assets of $77,992,000 at year end.
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