Form 990 for tax year 2023
Filed by SOUTHERN OHIO DIVERSIFICATION INITIATIVE.
Totals
- Total revenue
- $5,190,015
- Total expenses
- $3,923,548
- Contributions and grants received
- $0
- Grants paid
- $250,000
- Program service revenue
- $5,183,512
- Investment income
- $6,503
- Other revenue
- $0
- Total assets, end of year
- $2,923,894
- Total liabilities, end of year
- $967,888
- Net assets or fund balances, end of year
- $1,956,006
- Program services expenses (Part IX)
- $3,923,548
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,923,548
Program services were 100.0% 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.
-
2a · Program service revenue: SALES DOE ASSSETS, CFS, IG
total $5,157,712 · related or exempt $5,157,712
-
2b · Program service revenue: RENT INCOME
total $25,800 · related or exempt $25,800
-
3 · Investment income
total $6,503 · related or exempt $6,503
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $250,000 · program services $250,000
-
5 · Compensation of officers, directors and key employees
total $81,842 · program services $81,842
-
7 · Other salaries and wages
total $259,757 · program services $259,757
-
8 · Pension plan contributions
total $644 · program services $644
-
9 · Other employee benefits
total $118,678 · program services $118,678
-
10 · Payroll taxes
total $22,149 · program services $22,149
-
11a · Fees: management
total $29,924 · program services $29,924
-
11g · Fees: other
total $15,000 · program services $15,000
-
16 · Occupancy
total $6,267 · program services $6,267
-
20 · Interest
total $3,294 · program services $3,294
-
22 · Depreciation, depletion and amortization
total $231 · program services $231
-
24a · Other expenses: ECONOMIC GRANT PASSED THR
total $3,000,000 · program services $3,000,000
-
24b · Other expenses: GRANT PASSED THROUGH
total $70,332 · program services $70,332
-
24c · Other expenses: PROFESSIONAL FEES
total $62,880 · program services $62,880
-
24d · Other expenses: CONTRACT LABOR
total $2,550 · program services $2,550
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $719,580 · end of year $1,742,208
-
2 · Savings and temporary cash investments
beginning of year $300,000 · end of year $300,000
-
3 · Pledges and grants receivable
beginning of year $66,069
-
4 · Accounts receivable
beginning of year $25,515 · end of year $21,266
-
9 · Prepaid expenses and deferred charges
beginning of year $11,354 · end of year $10,639
-
10a · Land, buildings and equipment: cost or other basis
$800,549
-
10b · Land, buildings and equipment: accumulated depreciation
$57,344
-
10c · Land, buildings and equipment, net
beginning of year $358,716 · end of year $743,205
-
15 · Other assets
beginning of year $125,133 · end of year $106,576
-
17 · Accounts payable and accrued expenses
beginning of year $325,536 · end of year $258,870
-
18 · Grants payable
beginning of year $411,855 · end of year $411,855
-
24 · Unsecured notes and loans payable
beginning of year $126,268 · end of year $106,553
-
25 · Other liabilities
beginning of year $53,169 · end of year $190,610
-
27 · Net assets without donor restrictions
beginning of year $689,539 · end of year $1,956,006
Mission and programs · 2023
Mission
THE MISSION OF THE SODI COMMUNITY REUSE ORGANIZATION IS TO IMPROVE THE QUALITY OF LIFE IN PIKE, SCIOTO, ROSS, AND JACKSON COUNTIES THROUGH ECONOMIC DIVERSIFICATION, DEVELOPMENT OF UNDERUTILIZED LAND AND FACILITIES ON THE PORTSMOUTH DEPT OF ENERGY RESERVATION, AND CONTINUED SUPPORT OF THE LOCAL INDUSTRY.
-
COMMUNITY REUSE ORGANIZATION TO DEAL WITH THE IMPACT OF THE CLOSING OF THE PORTSMOUTH GASEOUS DIFFUSION PLANT.
Expenses $3,923,548 · Grants $250,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kevin ShoemakerKEVIN SHOEMAKER
ATTORNEY
- Total calculated
- $213,500
- From this org
- $213,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,500
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $213,500
-
Steve ShepherdSTEVE SHEPHERD
EXECUTIVE DI
- Total calculated
- $81,842
- From this org
- $81,842
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Carlton CaveCARLTON CAVE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ryan ClemmonsRYAN CLEMMONS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jody CrabtreeJODY CRABTREE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Paul DavisPAUL DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tammy EallonardoTAMMY EALLONARDO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert HortonROBERT HORTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dan MinterDAN MINTER
VICE-CHAIRMA
- Total calculated
- $0
- Hours/week
- 6
-
Tony MontgomeryTONY MONTGOMERY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mike PaytonMIKE PAYTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Herman PotterHERMAN POTTER
CHAIRMAN/PRE
- Total calculated
- $0
- Hours/week
- 6
-
Larry ScaggsLARRY SCAGGS
TREASURER/SE
- Total calculated
- $0
- Hours/week
- 2.5
-
Matt SniderMATT SNIDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Teddy WestTEDDY WEST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ted WheelerTED WHEELER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tom WoltzTOM WOLTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
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
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
-
SUPPORT ORG MISSION
-
SUPPORT ORG MISSION
-
SOUTHERN OHIO PORT AUTHORITY
$50,000
SUPPORT ORG MISSION
-
PIKE COUNTY COMMUNITY & ECONOMIC DE
$50,000
-
PIKE COUNTY CAREER TECHNOLOGY CENTE
$42,000
SCHOOL EQUIPMENT
-
SUPPORT ORG MISSION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202532119349300328
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