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Nonprofiteer
← WALNUT HILLS REDEVELOPMENT FOUNDATION INC

Form 990 for tax year 2024

Filed by WALNUT HILLS REDEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$3,184,412
Total expenses
$1,252,034
Contributions and grants received
$2,228,215
Grants paid
$679,798
Program service revenue
$288,246
Investment income
$538
Other revenue
$667,413
Total assets, end of year
$7,924,281
Total liabilities, end of year
$1,998,667
Net assets or fund balances, end of year
$5,925,614
Program services expenses (Part IX)
$1,123,182
Management and general expenses
$117,216
Fundraising expenses
$11,636
Program service expenses (Part III)
$1,123,182

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $28,925

  • 1e · Government grants (contributions)

    $1,682,180

  • 1f · All other contributions, gifts and grants

    $517,110

  • 2a · Program service revenue: Mgmt. and developer fee

    total $30,425 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Ground Lease landominiums

    total $58,384 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Rental of commercial space

    total $33,343 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Program income, facade improvements

    total $166,094 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $538 · unrelated business $0 · excluded $538

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $28,925

  • 8b · Fundraising events: direct expenses

    $9,921

  • 8c · Net income from fundraising events

    total -$9,921 · unrelated business $0 · excluded -$9,921

  • 11a · Other revenue: Gain on discontinued operations

    total $394,408 · related or exempt $394,408 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Development manager shared salary

    total $28,592 · related or exempt $0 · unrelated business $0 · excluded $28,592

  • 11c · Other revenue: Gain from loan and interest payoff

    total $254,334 · related or exempt $254,334 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $677,334

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $679,798 · program services $679,798

  • 5 · Compensation of officers, directors and key employees

    total $88,247 · program services $77,657 · management and general $7,060 · fundraising $3,530

  • 7 · Other salaries and wages

    total $114,282 · program services $100,568 · management and general $9,143 · fundraising $4,571

  • 8 · Pension plan contributions

    total $1,592 · program services $1,401 · management and general $127 · fundraising $64

  • 9 · Other employee benefits

    total $43,671 · program services $38,430 · management and general $3,494 · fundraising $1,747

  • 10 · Payroll taxes

    total $15,629 · program services $13,754 · management and general $1,250 · fundraising $625

  • 11b · Fees: legal

    total $33,631 · program services $0 · management and general $33,631 · fundraising $0

  • 11c · Fees: accounting

    total $39,001 · program services $0 · management and general $39,001 · fundraising $0

  • 16 · Occupancy

    total $13,268 · program services $0 · management and general $12,169 · fundraising $1,099

  • 20 · Interest

    total $56,422 · program services $56,422 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $33,243 · program services $33,243 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $15,382 · program services $12,050 · management and general $3,332 · fundraising $0

  • 24a · Other expenses: Real estate taxes

    total $9,641 · program services $9,641 · management and general $0 · fundraising $0

  • 24b · Other expenses: Other program expenses

    total $12,532 · program services $12,532 · management and general $0 · fundraising $0

  • 24c · Other expenses: Relationship development

    total $973 · program services $0 · management and general $973 · fundraising $0

  • 24d · Other expenses: Property Maintenance

    total $33,976 · program services $33,976 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $60,746 · program services $53,710 · management and general $7,036 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $555,768 · end of year $823,881

  • 2 · Savings and temporary cash investments

    beginning of year $370,994 · end of year $429,637

  • 3 · Pledges and grants receivable

    beginning of year $371,585 · end of year $302,182

  • 4 · Accounts receivable

    beginning of year $93,870

  • 7 · Other notes and loans receivable

    beginning of year $286,500 · end of year $1,484,311

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,845 · end of year $9,138

  • 10a · Land, buildings and equipment: cost or other basis

    $775,539

  • 10b · Land, buildings and equipment: accumulated depreciation

    $267,448

  • 10c · Land, buildings and equipment, net

    beginning of year $1,087,528 · end of year $508,091

  • 11 · Investments: publicly traded securities

    beginning of year $3,627 · end of year $4,152

  • 13 · Investments: program-related

    beginning of year $5,048,183 · end of year $4,362,889

  • 17 · Accounts payable and accrued expenses

    beginning of year $709,818 · end of year $447,655

  • 19 · Deferred revenue

    beginning of year $6,450

  • 23 · Secured mortgages and notes payable

    beginning of year $2,779,360 · end of year $1,432,521

  • 25 · Other liabilities

    beginning of year $238,496 · end of year $118,491

  • 27 · Net assets without donor restrictions

    beginning of year $3,525,848 · end of year $5,264,858

  • 28 · Net assets with donor restrictions

    beginning of year $568,928 · end of year $660,756

Mission and programs · 2024

Mission

We are a non-profit community development corporation working to enhance the quality of life in Walnut Hills. Vision: A Walnut Hills that is vibrant, safe, healthy, and inclusive for all.

  • To improve the infastructure of businesses in Walnut Hills by granting funds to businesses and business owners in the neighborhood.Improvement of neighborhood safety, beautification, business development and cohesive community.

    Expenses $892,492 · Grants $679,798 · Revenue $166,094

  • Includes the management and development of safe decent housing in the neighborhood and commercial development.

    Expenses $230,690 · Revenue $122,152

As filed on the 2024 return.

Listed in Part VII

  • Samantha Miller

    Executive Director

    Total calculated
    $88,248
    From this org
    $83,903
    From related orgs
    $0
    Other
    $4,345
    Hours/week
    47

  • Alena Speed

    President

    Total calculated
    $0
    Hours/week
    5

  • Rae Vuic

    Vice President

    Total calculated
    $0
    Hours/week
    5

  • Jordan Finley

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Ed Herzig

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Maria Walley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marvin Abrinica

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Allen Woods

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Gibbons

    Trustee

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Paramount Square Commissary LLC

    related · Commercial real estate rental · OH · 5% owned · general or managing partner

    Directly controlled by WHRF Partners LLC and TMG Investment Group II LLC

  • Paramount Square II Leverage Lender LLC

    related · Commercial real estate rental · OH · 1% owned

    Directly controlled by WHRF Partners LLC and other

  • Paramount Square LLC

    related · Commerical real estate rental · OH · 5% owned

    Directly controlled by PSQUARE LLC and other

  • PS 2 LLC

    related · Commercial real estate rental · OH · 3% owned

    Directly controlled by WHRF Partners LLC and other

  • Lincoln & Gilbert Family LLC

    related · Residental real estate rental · OH · 0.01% owned

  • Peebles Apartments LP

    related · Residental and commercial real estate rental · OH · 0% owned · general or managing partner

  • Launch Leverage Lender LLC

    related · mixed-use real estate · OH · 0% owned

  • Paramount Launch LLC

    related · mixed-use real estate · OH · 0% owned

  • PL Durner LLC

    related · mixed-use real estate · OH · 0% owned

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202513189349313696

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