EIN 74-3033288

Finance Fund Capital Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
2014
Most recent tax filings
2022-12-01
Description
Finance Fund Capital Corporation provides access to capital to promote development in low-income communities. As a nonprofit community development financial institution (CDFI), it forms public-private partnerships with financial institutions, investors, charitable foundations, community organizations, and federal, state entities. It offers a variety of different loan funds and programs that provide flexible financing for economic development and job creation. These loans support the mission of promoting development in low-income communities.
Related structure
Finance Fund Capital Corporation is a subordinate organization under Ohio Community Development Finance Fund.
Total revenues
$4,625,312
2022
Total expenses
$1,704,237
2022
Total assets
$63,622,826
2022
Num. employees
0
2022

Program areas at Finance Fund Capital Corporation

Finance Fund Capital Corporation offers a variety of different loan funds to form public-private partnerships by providing flexible financing that supports economic development and job creation in low-income communities. These loan funds and programs include the small business loan Fund, community health load Fund, healthy foods, and sba community advantage loan programs.

Who funds Finance Fund Capital Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Cleveland Development Advisors Community Reinvestment FundGrant Payment for Technical Assistance Per Pro Neighborhood's Memorandum of Understanding Between Cdacrf and Finance Fund Capital Corporation. Sub Grant for Technical Assistance Related To Chase Foundation Grant.$277,500
Opportunity Finance Network (OFN)Finance Justice Fund Subgrant$200,000
Opportunity Finance Network (OFN)Ofn Cdfi Tech Grant Program Supported By Google.org$100,000
...and 1 more grant received

Personnel at Finance Fund Capital Corporation

NameTitleCompensation
Diana TuroffPresident and Chief Executive Officer$0
Matt FrankChief Financial Officer$0
Jeff MohrmanExecutive Vice President Real Estate$0
Andrew SwaryExecutive Vice President , General Counsel$0
Phillip SmithTreasurer$0
...and 4 more key personnel

Financials for Finance Fund Capital Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,202,500
Program services$2,401,432
Investment income and dividends$21,380
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,625,312

Form 990s for Finance Fund Capital Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-31990View PDF
2021-122022-08-04990View PDF
2020-122021-09-01990View PDF
2019-122021-02-18990View PDF
2018-122019-09-20990View PDF
...and 4 more Form 990s

Organizations like Finance Fund Capital Corporation

OrganizationLocationRevenue
Dorchester Bay Neighborhood Loan FundDorchester, MA$1,440,165
Grow America FundNew York, NY$3,801,712
Andp Development FundAtlanta, GA$7,785,121
MaineStream FinanceBangor, ME$1,442,234
Rising Tide Community Loan FundBethlehem, PA$8,811,127
Uncommon LenderNew York, NY$12,168,791
Ohio Capital Finance CorporationColumbus, OH$18,182,307
Boderplex Community CapitalEl Paso, TX$2,002,105
Western Reserve Community FundAkron, OH$3,285,115
Eba FundZebulon, NC$4,795,455
Data update history
October 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 21, 2023
Received grants
Identified 1 new grant, including a grant for $100,000 from Appalachian Community Capital Development Foundation
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 27, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 21, 2023
Received grants
Identified 2 new grant, including a grant for $452,500 from Cleveland Development Advisors Community Reinvestment Fund
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsTax deductible donationsNo full-time employees
General information
Address
366 E Broad St 101
Columbus, OH 43215
Metro area
Columbus, OH
Website URL
financefund.org/ 
Phone
(614) 221-1114
IRS details
EIN
74-3033288
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2014
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
Subordinate organization
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