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Nonprofit · EIN 31-1229532

OHIO COMMUNITY DEVELOPMENT FINANCE FUND

Tax-exempt · COLUMBUS, OH 43215

Financials

$16.9M$7.1M2023$20.7M$17.6M2024
Revenue Expenses · by fiscal year end
Financials of OHIO COMMUNITY DEVELOPMENT FINANCE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$20,728,998$17,612,857$3,116,141$72,870,501$1,080,027$71,790,474
December 31, 2023990$16,922,285$7,086,220$9,836,065$72,269,615$2,259,000$70,010,615
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$14,406,000
of which government grants
$14,406,000
Program service revenue
$6,263,362
Investment income
$59,636
Net gain from sales of assets
$2,715
Other revenue
$0

Expenses

Grants and similar amounts paid
$13,903,013
Compensation of officers, directors and key employees
$1,893,632
Other salaries and wages
$1,040,793
Salaries, compensation and benefits (total)
$3,182,698
Professional fundraising fees
$0
Legal fees
$52,755
Accounting fees
$68,100
Occupancy
$67,894
Travel
$38,739
Program services (functional)
$16,557,716
Management and general (functional)
$1,055,141

Balance sheet and other

Total assets, start of year
$72,269,615
Total assets, end of year
$72,870,501
Total liabilities, end of year
$1,080,027
Net assets, end of year
$71,790,474
Publicly traded securities
$3,060,389
Net assets without donor restrictions
$71,190,474
Net assets with donor restrictions
$600,000
Gross receipts
$22,700,178
Employees
19
Volunteers
10
Year formed
1987
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DIANA TUROFFPRESIDENT AND CEO
Officer
40$590,480$5,000
JEFF MOHRMANEVP, REAL ESTATE
Officer
40$533,000$5,000
ANDREW SWARYEVP, GENERAL COUNSEL
Officer
40$396,584$5,000
MATT FRANKCHIEF FINANCIAL OFFICER
Officer
40$373,568$5,000
JERRY KATZCHAIR
Trustee or director, Officer
1$0$0
RYAN MILLERVICE CHAIR
Trustee or director, Officer
1$0$0
PHILLIP SMITHTREASURER
Trustee or director, Officer
1$0$0
GREG KIGERSECRETARY
Trustee or director, Officer
1$0$0
MARY BURKE RIVERSBOARD OF DIRECTORS
Trustee or director
1$0$0
D R GOSSETTBOARD OF DIRECTORS
Trustee or director
1$0$0
SAMANTHA SHAFERBOARD OF DIRECTORS
Trustee or director
1$0$0
RANDY RUNYONBOARD OF DIRECTORS
Trustee or director
1$0$0
THOMAS WINSTONBOARD OF DIRECTORS
Trustee or director
1$0$0
BRIAN HEITKAMPBOARD OF DIRECTORS
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
DIANA TUROFFPRESIDENT AND CEO
Officer
40$496,888$5,000
JEFF MOHRMANEVP, REAL ESTATE
Officer
40$452,094$5,000
ANDREW SWARYEVP, GENERAL COUNSEL
Officer
40$326,992$5,000
MATT FRANKCHIEF FINANCIAL OFFICER
Officer
40$293,440$5,000
JERRY KATZCHAIR
Trustee or director, Officer
1$0$0
RYAN MILLERVICE CHAIR
Trustee or director, Officer
1$0$0
PHILLIP SMITHTREASURER
Trustee or director, Officer
1$0$0
MARY BURKE RIVERSBOARD OF DIRECTORS
Trustee or director
1$0$0
D R GOSSETTBOARD OF DIRECTORS
Trustee or director
1$0$0
SAMANTHA SHAFERBOARD OF DIRECTORS
Trustee or director
1$0$0
GREG KIGERSECRETARY
Trustee or director, Officer
1$0$0
RANDY RUNYONBOARD OF DIRECTORS
Trustee or director
1$0$0
THOMAS WINSTONBOARD OF DIRECTORS
Trustee or director
1$0$0
BRIAN HEITKAMPBOARD OF DIRECTORS
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
366 E BROAD ST STE 101, COLUMBUS, OH 43215-4486
In care of
% DIANA TUROFF
Principal officer (990 for 2024)
MATT FRANK, 366 E BROAD ST 101, COLUMBUS, OH 43215
Signed the 990
MATT FRANK, CHIEF FINANCIAL OFFICER
Phone
(614) 221-1114
Return prepared by
REA & ASSOCIATES INC

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $16,557,716 · grants $13,903,013 · revenue $6,263,362

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
31-1229532
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
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$72,870,501
Income (IRS master file)
$22,700,178

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$20,728,998$17,612,857$72,870,501XML
990December 2023$16,922,285$7,086,220$72,269,615XML
990December 2022$9,454,085$4,300,762$61,485,006IRS
990December 2021–––IRS
990December 2020–––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 31-1229532).

Questions about OHIO COMMUNITY DEVELOPMENT FINANCE FUND

What is the EIN of OHIO COMMUNITY DEVELOPMENT FINANCE FUND?
The employer identification number (EIN) of OHIO COMMUNITY DEVELOPMENT FINANCE FUND is 31-1229532.
Is OHIO COMMUNITY DEVELOPMENT FINANCE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to OHIO COMMUNITY DEVELOPMENT FINANCE FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OHIO COMMUNITY DEVELOPMENT FINANCE FUND 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 OHIO COMMUNITY DEVELOPMENT FINANCE FUND 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 OHIO COMMUNITY DEVELOPMENT FINANCE FUND 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 OHIO COMMUNITY DEVELOPMENT FINANCE FUND?
The 990 for the year ended December 31, 2024 names MATT FRANK.
Who are the officers and directors of OHIO COMMUNITY DEVELOPMENT FINANCE FUND?
The 990 for the year ended December 31, 2024 lists 14 people; 4 received compensation from the organization, the highest $590,480 (DIANA TUROFF, PRESIDENT AND CEO).
How much revenue does OHIO COMMUNITY DEVELOPMENT FINANCE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $20,728,998, expenses of $17,612,857 and total assets of $72,870,501 at year end.

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