Program areas at Development Fund of Western Reserve
The company is serving as managing member for Western Reserve df affiliate vi,vii,viii, ix, x, xi, xii, xiii, xv, xiv, xvi, xvii, xviii, xix, xx and acrf lender, llc, all of whom provide, directly or indirectly, investment capital to qualified low income community businesses pursuant to the new markets tax credit program.
Grants made by Development Fund of Western Reserve
| Grantee | Grant description | Grant year | Amount |
|---|
| Western Reserve Community Fund | The Grant Funds Shall Be Used To Help Finance Projects Organized To Support Further Economic Development and Job Creation in Northeast Ohio. | 2023-12 | $555,000 |
Personnel at Development Fund of Western Reserve
| Name | Title | Compensation | Date of data |
|---|
| Chad Mayle | Chief Financial Officer | $0 | 2023-12-31 |
| Chris Burnham | Board Member | $0 | 2023-08-17 |
| Christopher J. Burnham | President | $0 | 2023-08-17 |
| Kyle Julien | Managing Director , Western Reserve Community Fund | | 2023-08-17 |
| Rachel Bridenstine | Executive Director | $0 | 2024-08-20 |
| ...and 9 more key personnel |
Financials for Development Fund of Western Reserve
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $1,433,111 | $1,811,336 | -20.9% |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $1,433,111 | $1,811,336 | -20.9% |
Organizations like Development Fund of Western Reserve
| Organization | Type | Location | Revenue |
|---|
| Landmarks Community Capital Corporation | 501(c)(3) | Pittsburgh, PA | $1,331,693 |
| Village Capital Corporation | 501(c)(3) | Cleveland, OH | $1,484,314 |
| Invest PGH | 501(c)(3) | Pittsburgh, PA | $1,046,235 |
| Cooperative Fund of the Northeast | 501(c)(3) | Watertown, MA | $4,768,332 |
| Community Development Financial Institution - Tohono O'odham Nation | 501(c)(3) | Sells, AZ | $755,697 |
| Legacy Redevelopment Corporation | 501(c)(3) | Milwaukee, WI | $1,699,010 |
| I2e | 501(c)(3) | Oklahoma City, OK | $6,662,200 |
| Mountain Association | 501(c)(3) | Berea, KY | $6,043,653 |
| Midwest Minnesota Community Development Corporation | 501(c)(3) | Detroit Lakes, MN | $6,318,095 |
| Civic New Markets Support Corporation Ii | 501(c)(3) | New York, NY | $999,050 |
Data update history
October 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 17, 2023
Updated personnel
Identified 11 new personnel
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Tax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 1 Cascade Plaza 1700
- Akron, OH 44308
- Metro area
- Akron, OH
- County
- Summit County, OH
- Website URL
- developmentfinanceauthority.org/Â
- Phone
- (330) 762-4776
IRS details
- EIN
- 45-2495397
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2011
- 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
- Central organization
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