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Nonprofiteer
← CITY WIDE SMALL BUSINESS DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by CITY WIDE SMALL BUSINESS DEVELOPMENT CORPORATION.

Totals

Total revenue
$114,417
Total expenses
$282,459
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$114,417
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,444
Total liabilities, end of year
$2,832
Net assets or fund balances, end of year
-$1,388
Program services expenses (Part IX)
$240,050
Management and general expenses
$42,409
Fundraising expenses
$0
Program service expenses (Part III)
$240,050

Program services were 85.0% 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: SBA FEES

    total $114,417 · related or exempt $114,417

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $239,016 · program services $196,607 · management and general $42,409

  • 11b · Fees: legal

    total $2,997 · program services $2,997

  • 11c · Fees: accounting

    total $1,000 · program services $1,000

  • 11g · Fees: other

    total $24,700 · program services $24,700

  • 13 · Office expenses

    total $295 · program services $295

  • 17 · Travel

    total $856 · program services $856

  • 19 · Conferences, conventions and meetings

    total $10,575 · program services $10,575

  • 24a · Other expenses: RECORDING FEES

    total $1,714 · program services $1,714

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,306 · program services $1,306

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $825 · end of year $1,444

  • 17 · Accounts payable and accrued expenses

    beginning of year $86 · end of year $332

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,500

  • 27 · Net assets without donor restrictions

    beginning of year $739 · end of year -$1,388

Mission and programs · 2023

Mission

CITYWIDE SMALL BUSINESS IS A CERTIFIED DEVELOPMENT COMPANY (CDC) OF THE U.S. SMALL BUSINESS ADMINISTRATION (SBA). CITYWIDE SMALL BUSINESS PROVIDES FIXED ASSET FINANCING THROUGH THE SBA 504 PROGRAM.

Activities or mission (Part I)

CITYWIDE SMALL BUSINESS IS A CERTIFIED DEVELOPMENT COMPANY (CDC) OF THE U.S. SMALL BUSINESS ADMINISTRATION (SBA).

  • CITYWIDE SMALL BUSINESS IS A CERTIFIED DEVELOPMENT COMPANY (CDC) OF THE U.S. SMALL BUSINESS ADMINISTRATION (SBA). AS THE REGION'S OLDEST CDC, CITYWIDE SMALL BUSINESS PROVIDES FIXED ASSET FINANCING THROUGH THE SBA 504 PROGRAM. TYPICAL PROJECTS INCLUDE COMMERCIAL REAL ESTATE ACQUISITION/RENOVATION AND ACQUISITION OF NEW OR USED MACHINERY AND EQUIPMENT.

    Expenses $240,050 · Revenue $144,417

As filed on the 2023 return.

Listed in Part VII

  • DAVID MELIN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • ELOISE BRONER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVE DICKERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHELLEY DICKSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD HAAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR WILLIAM E HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN FINCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHANNON MARTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TERRI BETHEL

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • TODD KINSKEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KIYA PATRICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHANNON ISOM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TODD PLEIMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH GORDON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KENA BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WALT HIBNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RODDELL MCCULLOUGH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NIKOL MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BOB RUZINSKY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEVE SKERL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROSALIE GEHRICH

    CFO/ASST TREASURER

    Total calculated
    $184,534
    From this org
    $0
    From related orgs
    $160,851
    Other
    $23,683
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,851 related
    Bonus
    $0 + $11,000 related
    Other
    $0
    Deferred
    $0 + $12,905 related
    Nontaxable benefits
    $0 + $10,778 related
    Filer's total
    $0 + $184,534 related

  • DANIEL KANE

    PRESIDENT

    Total calculated
    $253,364
    From this org
    $0
    From related orgs
    $210,591
    Other
    $42,773
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,591 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $19,719 related
    Nontaxable benefits
    $0 + $23,054 related
    Filer's total
    $0 + $253,364 related

  • KAREN DEMASI

    ASSISTANT SECRETARY

    Total calculated
    $162,046
    From this org
    $0
    From related orgs
    $140,701
    Other
    $21,345
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,201 related
    Bonus
    $0 + $10,500 related
    Other
    $0
    Deferred
    $0 + $11,256 related
    Nontaxable benefits
    $0 + $10,089 related
    Filer's total
    $0 + $162,046 related

  • HEATHER CORBIN

    SBA DIRECTOR/SR BUSINESS DEVELOPMENT

    Total calculated
    $150,341
    From this org
    $0
    From related orgs
    $145,962
    Other
    $4,379
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,462 related
    Bonus
    $0 + $7,500 related
    Other
    $0
    Deferred
    $0 + $4,379 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $150,341 related

  • SHANE WILKEN

    SENIOR BUSINESS DEVELOPMENT OFFICER/SBA DIRECTOR

    Total calculated
    $152,655
    From this org
    $0
    From related orgs
    $133,550
    Other
    $19,105
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,550 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0 + $6,301 related
    Nontaxable benefits
    $0 + $12,804 related
    Filer's total
    $0 + $152,655 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 3
THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES REPORTED IN PART VII SECTION A OF THIS TAX RETURN ARE PAID BY CITYWIDE DEVELOPMENT CORPORATION NOT BY THIS ORGANIZATION. THEIR SALARIES AND BENEFITS ARE ONLY REPORTED WITHIN THIS RETURN DUE TO THE RELATED PARTY RELATIONSHIP. COMPENSATION IS ESTABLISHED BY A COMPENSATION COMMITTE, INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY OR STUDY.

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.

  • CITYWIDE DEVELOPMENT CORP

    501(C)(4) · STRENGTHEN DAYTON THROUGH ECONOMIC COMMUNITY DEVELOPMENT · OH

    Directly controlled by CITYWIDE

Provenance

Return type
form_990
Tax year
2023
Filed
8 July 2024
IRS schema version
2023v5.1
Source object
202441999349301459

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