EIN 31-1256064

Cincinnati Development Fund (CDF)

IRS 501(c) type
501(c)(3)
Num. employees
17
State
Year formed
1988
Most recent tax filings
2023-03-01
Description
The mission of Cincinnati Development Fund is to drive community revitalization by providing capital access and technical assistance.
Total revenues
$10,309,687
2023
Total expenses
$4,890,754
2023
Total assets
$69,003,326
2023
Num. employees
17
2023

Program areas at CDF

Cincinnati Development Fund (cdf) is a nonprofit lending institution established in 1988 to finance affordable housing Development and community revitalization in the greater Cincinnati area. Cdf's mission is to provide innovative real estate financing for projects that strengthen low-income neighborhoods and improve lives.over the past 35 years, local financial institutions, foundations, socially motivated investors, and local and federal governments have all contributed to cdf's sources of capital. These organizatrions invest in cdf because of our expertise in evaluating complex loan applications with multiple financing sources. This experience makes it easier and more cost-effective for these organizations to invest in the community. An added benefit is that funds are organized into loan pools that enable lenders to diversify their loan portfolios and share the risk on each loan with other cdf participants. Cdf has originated more than $493 million in loans resulting in the creation of more than 7,000 units of housing. Cdf focuses on lending in low income communities where need and impact are the greatest.cdf is an equal opportunity provider.

Who funds Cincinnati Development Fund (CDF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Opportunity Finance Network (OFN)2022 Renewable Energy Efficient Grant$100,000
Carol Ann and Ralph V Haile JR FoundationNational Philanthropy Office - Phase 2 Analysis$53,000
Schwab Charitable FundHuman Services$7,000

Personnel at CDF

NameTitleCompensation
Jeanne GolliherChief Executive Officer - Term Exp: 2022$187,508
Joseph HuberPresident and Chief Executive Officer$244,325
Jennifer LarkinsChief Financial Officer$183,961
Angela GintyChief Administrative Officer$222,828
Sara SheetsDirector of Strategic Initiatives$114,706
...and 14 more key personnel

Financials for CDF

RevenuesFYE 03/2023
Total grants, contributions, etc.$4,981,277
Program services$5,265,244
Investment income and dividends$228,121
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-84,714
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-80,241
Total revenues$10,309,687

Form 990s for CDF

Fiscal year endingDate received by IRSFormPDF link
2023-032023-11-13990View PDF
2022-032022-12-16990View PDF
2021-032021-10-19990View PDF
2020-032021-02-17990View PDF
2019-032020-06-26990View PDF
...and 9 more Form 990s
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 24, 2023
Updated personnel
Identified 2 new personnel
December 23, 2023
Used new vendors
Identified 2 new vendors, including , and
November 27, 2023
Received grants
Identified 8 new grant, including a grant for $100,000 from Opportunity Finance Network (OFN)
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
1224 Race St
Cincinnati, OH 45202
Metro area
Cincinnati, OH-KY-IN
County
Hamilton County, OH
Website URL
cindevfund.org/ 
Phone
(513) 721-7211
Facebook page
cindevfund 
IRS details
EIN
31-1256064
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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