Skip to content
Nonprofiteer
← DAYTON REGION NEW MARKET FUND LLC

Form 990 for tax year 2022

Filed by DAYTON REGION NEW MARKET FUND LLC.

Totals

Total revenue
$1,816,182
Total expenses
$718,246
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,815,701
Investment income
$481
Other revenue
$0
Total assets, end of year
$12,053,405
Total liabilities, end of year
$5,225,703
Net assets or fund balances, end of year
$6,827,702
Program services expenses (Part IX)
$627,872
Management and general expenses
$90,374
Fundraising expenses
$0
Program service expenses (Part III)
$627,872

Program services were 87.4% 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.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $1,815,701 · related or exempt $1,815,701

  • 3 · Investment income

    total $481 · related or exempt $51 · excluded $430

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $718,246 · program services $627,872 · management and general $90,374

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,352,509 · end of year $6,634,078

  • 7 · Other notes and loans receivable

    beginning of year $4,653,938 · end of year $5,049,679

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,792 · end of year $3,792

  • 12 · Investments: other securities

    beginning of year $396,196 · end of year $334,675

  • 13 · Investments: program-related

    beginning of year $7,497 · end of year $10,382

  • 15 · Other assets

    beginning of year $17,247 · end of year $20,799

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,616 · end of year $17,838

  • 19 · Deferred revenue

    beginning of year $149,587 · end of year $94,768

  • 23 · Secured mortgages and notes payable

    beginning of year $3,397,401 · end of year $3,903,250

  • 25 · Other liabilities

    beginning of year $1,134,809 · end of year $1,209,847

  • 27 · Net assets without donor restrictions

    beginning of year $4,451,571 · end of year $6,436,278

  • 28 · Net assets with donor restrictions

    beginning of year $1,278,195 · end of year $391,424

Mission and programs · 2022

Mission

TO SERVE AND PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME PERSONS AND COMMUNITIES.

Activities or mission (Part I)

TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN VARIOUS OHIO LOW-INCOME COMMUNITIES.

  • THE COMPANY IS THE MANAGING MEMBER FOR DAYTON REGION NEW MARKET FUND E, LLC, DAYTON NEW MARKET FUND F, LLC, DAYTON REGION NEW MARKET FUND G, LLC, DAYTON REGION NEW MARKET FUND H, LLC, DAYTON REGION NEW MARKET FUND I, LLC, DAYTON REGION NEW MARKET FUND J, LLC, DAYTON REGION NEW MARKET FUND K, LLC, DAYTON REGION NEW MARKET FUND L, LLC, DAYTON REGION NEW MARKET FUND M, LLC, DAYTON REGION NEW MARKET FUND N, LLC, DAYTON REGION NEW MARKET FUND O, LLC, DAYTON REGION NEW MARKET FUND P, LLC, & DAYTON REGION NEW MARKET FUND Q, LLC WHICH PROVIDE INVESTMENT CAPITAL TO QUALIFIED LOW-INCOME COMMUNITY BUSINESSES PURSUANT TO THE NEW MARKETS TAX PROGRAM.

    Expenses $627,872 · Revenue $1,815,752

As filed on the 2022 return.

Listed in Part VII

  • Shannon Martin

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Melin

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Todd Pleiman

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Terri Bethel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Shelley Dickstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Daniel Kane

    PRESIDENT

    Total calculated
    $233,811
    From this org
    $0
    From related orgs
    $198,646
    Other
    $35,165
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,646 related
    Bonus
    $0 + $11,000 related
    Other
    $0
    Deferred
    $0 + $15,892 related
    Nontaxable benefits
    $0 + $19,273 related
    Filer's total
    $0 + $233,811 related

  • Karen Demasi

    ASSISTANT SECRETARY

    Total calculated
    $155,234
    From this org
    $0
    From related orgs
    $133,977
    Other
    $21,257
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,477 related
    Bonus
    $0 + $7,500 related
    Other
    $0
    Deferred
    $0 + $10,718 related
    Nontaxable benefits
    $0 + $10,539 related
    Filer's total
    $0 + $155,234 related

  • Rosalie Gehrich

    CFO/ASST TREASURER

    Total calculated
    $171,659
    From this org
    $0
    From related orgs
    $153,163
    Other
    $18,496
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,163 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $12,253 related
    Nontaxable benefits
    $0 + $6,243 related
    Filer's total
    $0 + $171,659 related

  • Brian Heitkamp

    FORMER PRESIDENT

    Total calculated
    $123,716
    From this org
    $0
    From related orgs
    $113,876
    Other
    $9,840
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $94,376 related
    Bonus
    $0 + $19,500 related
    Other
    $0
    Deferred
    $0 + $3,416 related
    Nontaxable benefits
    $0 + $6,424 related
    Filer's total
    $0 + $123,716 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 1A
CITYWIDE'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE INDIVIDUALS LISTED ON PART VII SECTION A.
PART I, LINE 3
CITYWIDE IS THE RELATED ORGANIZATION THAT ESTABLISHES COMPENSATION.

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

No itemized grants to organizations on this return.

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.

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.

Related partnerships

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

  • DAYTON REGION NEW MARKET FUND E LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $1 · share of assets $301 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND F LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $6 · share of assets $852 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND G LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $6 · share of assets $851 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND H LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $3 · share of assets $801 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND I LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $7 · share of assets $401 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND J LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $3 · share of assets $801 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND K LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $2 · share of assets $401 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND L LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of assets $802 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND M LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $5 · share of assets $892 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND N LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $8 · share of assets $1,391 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND O LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $4 · share of assets $797 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND P LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $2 · share of assets $1,200 · general or managing partner

    Directly controlled by YES

  • DAYTON REGION NEW MARKET FUND Q LLC

    RELATED · TO SERVE AND PROVIDE INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES & PEOPLE · OH · 0.01% owned · share of income $4 · share of assets $897 · general or managing partner

    Directly controlled by YES

Provenance

Return type
form_990
Tax year
2022
Filed
22 June 2023
IRS schema version
2022v5.0
Source object
202322099349300512

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.