Form 990 for tax year 2022

Totals

Total revenue

$13,823,454

Total expenses

$12,852,039

Contributions and grants received

$10,267,064

Grants paid

$229,909

Program service revenue

$3,550,963

Investment income

$5,427

Other revenue

$0

Total assets, end of year

$74,364,076

Total liabilities, end of year

$60,854,801

Net assets or fund balances, end of year

$13,509,275

Program services expenses (Part IX)

$10,714,927

Management and general expenses

$2,108,779

Fundraising expenses

$28,333

Program service expenses (Part III)

$10,714,927

Program services were 83.4% 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.

Mission and programs · 2022

• ECDI PROVIDES SMALL BUSINESS DEVELOPMENT SERVICES INCLUDING ONE-ON-ONE TECHNICAL ASSISTANCE, BUSINESS DEVELOPMENT TRAINING, AND SECTOR-SPECIFIC BUSINESS INCUBATION PROGRAMS. ECDI IS THE HOST OF FOUR SBA WOMEN'S BUSINESS CENTERS AND PROVIDES SERVICES ACROSS THE STATE OF OHIO AND PARTS OF WEST VIRGINIA, KENTUCKY, AND INDIANA, WITH OFFICES IN SEVEN CITIES.

  Expenses $7,334,820 · Grants $229,909 · Revenue $546,985

• ECDI OFFERS RESPONSIBLE, AFFORDABLE SMALL BUSINESS LOANS RANGING FROM $750 TO $500,000 TO ENTREPRENEURS THAT FACE BARRIERS TO OBTAINING CAPITAL FROM TRADITIONAL FINANCIAL INSTITUTIONS. ECDI'S CLIENTELE CONSISTS LARGELY OF WOMEN (52.7%), MINORITIES (57.2%), AND LOW-MODERATE INCOME PEOPLE (47.7%). DURING FISCAL YEAR 2023, ECDI DISBURSED 948 LOANS TOTALING MORE THAN $23.0 MILLION.

  Expenses $3,380,107 · Revenue $3,003,978

As filed on the 2022 return.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• OHIO CDC ASSOCIATION

  $71,940

  TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES.

• COMMUNITY IMPROVEMENT CORPORATION OF BELMONT COUNTY

  $42,967

  COLLABORATE WITH THE ORGANIZATION TO IMPLEMENT NEEDED BUSINESS DEVELOPMENT PROGRAMMING THAT IMPROVES THE ECONOMY IN THEIR COMMUNITIES AND TO INCREASE THE CAPACITY OF THE ORGANIZATION TO OFFER ADDITIONAL SMALL BUSINESS RESOURCES FOR THEIR RESIDENTS.

• COLUMBUS COMPACT CORPORATION

  $8,000

  TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES.

• THE WOMEN'S CENTER FOR ECONOMIC OPPORTUNITY

  $8,000

  TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES.

• CLARK COUNTY BOARD OF DEVELOPMENTAL DISABILITIES

  $6,300

  TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES.

• NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT

  $6,300

  TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES.

• THE GALLIA COUNTY CHAMBER OF COMMERCE

  $5,865

  COLLABORATE WITH THE ORGANIZATION TO IMPLEMENT NEEDED BUSINESS DEVELOPMENT PROGRAMMING THAT IMPROVES THE ECONOMY IN THEIR COMMUNITIES AND TO INCREASE THE CAPACITY OF THE ORGANIZATION TO OFFER ADDITIONAL SMALL BUSINESS RESOURCES FOR THEIR RESIDENTS.

• CLARK COUNTY LOCAL FOODS COUNCIL

  $5,300

  TO INCREASE ORGANIZATIONAL CAPACITY TO INCREASE ACCESS TO SMALL BUSINESS RESOURCES IN THEIR COMMUNITIES, INCLUDING RURAL AND OPPORTUNITY ZONES.

• SHAWNEE STATE UNIVERSITY

  $5,238

  COLLABORATE WITH THE ORGANIZATION TO IMPLEMENT NEEDED BUSINESS DEVELOPMENT PROGRAMMING THAT IMPROVES THE ECONOMY IN THEIR COMMUNITIES AND TO INCREASE THE CAPACITY OF THE ORGANIZATION TO OFFER ADDITIONAL SMALL BUSINESS RESOURCES FOR THEIR RESIDENTS.

Provenance

Return type

form_990

Tax year

2022

Filed

21 March 2024

IRS schema version

2022v5.0

Source object

202430819349301343

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