Totals
- Total revenue
- $5,257,042
- Total expenses
- $5,117,360
- Contributions and grants received
- $2,905,939
- Grants paid
- $1,264,336
- Program service revenue
- $2,301,201
- Investment income
- $49,315
- Other revenue
- $587
- Total assets, end of year
- $6,429,399
- Total liabilities, end of year
- $2,424,576
- Net assets or fund balances, end of year
- $4,004,823
- Program services expenses (Part IX)
- $4,096,153
- Management and general expenses
- $909,104
- Fundraising expenses
- $112,103
- Program service expenses (Part III)
- $4,096,153
Program services were 80.0% 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.
-
1e · Government grants (contributions)
$2,839,419
-
1f · All other contributions, gifts and grants
$66,520
-
2a · Program service revenue: LENDING SERVICE & PROC
total $1,790,043 · related or exempt $1,790,043
-
2b · Program service revenue: RENTAL INCOME
total $405,000 · related or exempt $405,000
-
2c · Program service revenue: ECONOMIC DEVELOPMENT
total $106,158 · related or exempt $106,158
-
3 · Investment income
total $94,163 · excluded $94,163
-
7b · Less cost or other basis and sales expenses
other assets $44,848
-
7c · Gain or loss
other assets -$44,848
-
7d · Net gain or loss
total -$44,848 · excluded -$44,848
-
11a · Other revenue: OTHER INCOME
total $587 · excluded $587
-
11e · Other revenue, total
$587
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,264,336 · program services $1,264,336
-
5 · Compensation of officers, directors and key employees
total $1,014,451 · program services $777,154 · management and general $237,297
-
7 · Other salaries and wages
total $1,465,285 · program services $1,407,985 · management and general $37,375 · fundraising $19,925
-
8 · Pension plan contributions
total $56,895 · program services $54,463 · management and general $1,515 · fundraising $917
-
9 · Other employee benefits
total $132,230 · program services $129,159 · fundraising $3,071
-
10 · Payroll taxes
total $189,320 · program services $168,574 · management and general $19,120 · fundraising $1,626
-
11b · Fees: legal
total $9,378 · program services $8,319 · management and general $1,059
-
11c · Fees: accounting
total $30,220 · program services $30,219 · management and general $1
-
11g · Fees: other
total $196,829 · program services $105,697 · management and general $85,429 · fundraising $5,703
-
12 · Advertising and promotion
total $147,289 · program services $30,432 · management and general $38,235 · fundraising $78,622
-
13 · Office expenses
total $34,348 · program services $11,075 · management and general $23,249 · fundraising $24
-
16 · Occupancy
total $210,912 · program services $6,883 · management and general $204,029
-
17 · Travel
total $85,231 · program services $67,560 · management and general $15,647 · fundraising $2,024
-
20 · Interest
total $26,594 · program services $5,510 · management and general $21,084
-
22 · Depreciation, depletion and amortization
total $181,903 · management and general $181,903
-
23 · Insurance
total $36,363 · management and general $36,363
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $16,468 · program services $11,096 · management and general $5,181 · fundraising $191
-
24b · Other expenses: LENDING SERVICE EXPENSE
total $9,533 · program services $9,533
-
24c · Other expenses: BAD DEBTS
total $7,000 · program services $7,000
-
24d · Other expenses: RECRUITING
total $2,775 · program services $1,158 · management and general $1,617
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $316,402 · end of year $29,266
-
2 · Savings and temporary cash investments
beginning of year $2,831,697 · end of year $2,334,722
-
4 · Accounts receivable
beginning of year $571,231 · end of year $532,221
-
7 · Other notes and loans receivable
beginning of year $368,471 · end of year $322,828
-
9 · Prepaid expenses and deferred charges
beginning of year $7,483 · end of year $12,796
-
10a · Land, buildings and equipment: cost or other basis
$7,023,102
-
10b · Land, buildings and equipment: accumulated depreciation
$3,945,291
-
10c · Land, buildings and equipment, net
beginning of year $1,715,575 · end of year $3,077,811
-
12 · Investments: other securities
beginning of year $113,264 · end of year $119,755
-
17 · Accounts payable and accrued expenses
beginning of year $580,248 · end of year $603,223
-
19 · Deferred revenue
beginning of year $29,450 · end of year $509,450
-
24 · Unsecured notes and loans payable
beginning of year $1,264,371 · end of year $1,184,732
-
25 · Other liabilities
beginning of year $191,404 · end of year $127,171
-
27 · Net assets without donor restrictions
beginning of year $3,821,965 · end of year $3,986,490
-
28 · Net assets with donor restrictions
beginning of year $36,685 · end of year $18,333
Mission and programs · 2023
Mission
SERVE AS A COMPREHENSIVE DRIVING FORCE PROMOTING ECONOMIC DEVELOPMENT IN HAMILTON COUNTY, GREATER CINCINNATI AND THE STATE OF OHIO.
Activities or mission (Part I)
PROMOTION OF ECONOMIC DEVELOPMENT IN HAMILTON COUNTY, THE GREATER CINCINNATI AREA, AND STATE OF OHIO.
-
THE ECONOMIC DEVELOPMENT DIVISION SERVES AS A COMPREHENSIVE ECONOMIC DEVELOPMENT ENTITY IN HAMILTON COUNTY. THE DIVISION SEEKS TO IMPROVE THE ECONOMIC WELL-BEING OF THE COMMUNITIES AND BUSINESSES IT SERVES VIA ECONOMIC DEVELOPMENT PROGRAMMING.
Expenses $2,669,765 · Grants $1,264,336 · Revenue $106,158
-
THE COMMERCIAL CAPITAL DIVISION ASSISTS BUSINESSES VIA THE U.S. SMALL BUSINESS ADMINISTRATION CERTIFIED DEVELOPMENT COMPANY LOAN PROGRAM AND THE OHIO REGIONAL 166 LOAN PROGRAM.
Expenses $1,426,388 · Revenue $2,195,043
As filed on the 2023 return.
Listed in Part VII
-
Brandon SimmonsBRANDON SIMMONS
MEMBER, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Brendan BurnsBRENDAN BURNS
MEMBER, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Daniel GeedingDANIEL GEEDING
MEMBER, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jack WyantJACK WYANT
MEMBER, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Joe RickardJOE RICKARD
MEMBER, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John StiegerJOHN STIEGER
MEMBER, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kyla WoodsKYLA WOODS
MEMBER, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Markiea CarterMARKIEA CARTER
MEMBER, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Micha MeyerMICHA MEYER
MEMBER, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Laurence Jones IIILAURENCE JONES III
CHAIR, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Thomas SaelingerTHOMAS SAELINGER
VICE CHAIR, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lisa HintonLISA HINTON
TREASURER, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lisa DiedrichsLISA DIEDRICHS
SECRETARY, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Patrick LongoPATRICK LONGO
PRESIDENT
- Total calculated
- $280,265
- From this org
- $231,332
- From related orgs
- $0
- Other
- $48,933
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $198,310
- Bonus
- $31,800
- Other
- $1,222
- Deferred
- $9,724
- Nontaxable benefits
- $39,209
- Filer's total
- $280,265
-
Harry BlantonHARRY BLANTON
SENIOR VP, ECONOMIC DEVELOPMENT
- Total calculated
- $202,979
- From this org
- $185,124
- From related orgs
- $0
- Other
- $17,855
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,402
- Bonus
- $3,500
- Other
- $1,222
- Deferred
- $7,407
- Nontaxable benefits
- $10,448
- Filer's total
- $202,979
-
Catherine FitzgeraldCATHERINE FITZGERALD
VICE PRESIDENT, ECONOMIC DEVELOPMENT
- Total calculated
- $170,265
- From this org
- $136,579
- From related orgs
- $0
- Other
- $33,686
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,988
- Bonus
- $2,000
- Other
- $1,591
- Deferred
- $5,824
- Nontaxable benefits
- $27,862
- Filer's total
- $170,265
-
Jonathan MainJONATHAN MAIN
VICE PRESIDENT, COMMERCIAL CAPITAL
- Total calculated
- $193,710
- From this org
- $149,147
- From related orgs
- $0
- Other
- $44,563
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,435
- Bonus
- $21,140
- Other
- $572
- Deferred
- $6,563
- Nontaxable benefits
- $38,000
- Filer's total
- $193,710
-
Kristi ReynekKRISTI REYNEK
SENIOR VP, FINANCE & HUMAN RESOURCES
- Total calculated
- $167,231
- From this org
- $137,427
- From related orgs
- $0
- Other
- $29,804
- Hours/week
- 27 + 13 related
Schedule J breakdown matched by us
- Base
- $133,330
- Bonus
- $3,525
- Other
- $572
- Deferred
- $5,769
- Nontaxable benefits
- $24,035
- Filer's total
- $167,231
-
Daniel FergusonDANIEL FERGUSON
INDUSTRIAL DEVELOPMENT PROJECT MANAGER
- Total calculated
- $143,730
- From this org
- $102,773
- From related orgs
- $0
- Other
- $40,957
- Hours/week
- 40
-
Amanda ForseeAMANDA FORSEE
LOAN OFFICER
- Total calculated
- $124,838
- From this org
- $110,712
- From related orgs
- $0
- Other
- $14,126
- Hours/week
- 40
-
Jeff HasapisJEFF HASAPIS
SENIOR CREDIT MANAGER
- Total calculated
- $126,651
- From this org
- $119,059
- From related orgs
- $0
- Other
- $7,592
- Hours/week
- 40
-
Rob HaskinsROB HASKINS
LOAN OFFICER
- Total calculated
- $162,632
- From this org
- $148,441
- From related orgs
- $0
- Other
- $14,191
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $100,984
- Bonus
- $46,456
- Other
- $1,001
- Deferred
- $6,094
- Nontaxable benefits
- $8,097
- Filer's total
- $162,632
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
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
-
1628 LTD
$10,000
FINANCIAL ASSISTANCE
-
3JS JANITORIAL
$10,000
FINANCIAL ASSISTANCE
-
5 2 MANY DEPENDENTS INC
$10,000
FINANCIAL ASSISTANCE
-
REGINAS HOUSE OF STYLE BEAUTY SALON
$10,000
FINANCIAL ASSISTANCE
-
RELLS PLATES LLC
$10,000
FINANCIAL ASSISTANCE
-
ROYAL WEST
$10,000
FINANCIAL ASSISTANCE
-
SALON OUT'LANDISH
$10,000
FINANCIAL ASSISTANCE
-
KOLD KOSMETICZ
$10,000
FINANCIAL ASSISTANCE
-
LIPPS & SON CONSTRUCTION CO
$10,000
FINANCIAL ASSISTANCE
-
LITTLE DREAMERS BIG BELIEVERS LLC
$10,000
FINANCIAL ASSISTANCE
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
HAMILTON COUNTY BUSINESS CENTER
501(C)(3) · EXEMPT ORGANIZATION · OH · controlled entity
Directly controlled by ALLOY DEVELOPMENT CO INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511259349301306
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.