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Nonprofiteer
← OHIO CAPITAL IMPACT CORPORATION

Form 990 for tax year 2024

Filed by OHIO CAPITAL IMPACT CORPORATION.

Totals

Total revenue
$3,065,100
Total expenses
$2,669,858
Contributions and grants received
$2,749,127
Grants paid
$2,667,099
Program service revenue
$0
Investment income
$251,089
Other revenue
$64,884
Total assets, end of year
$11,236,446
Total liabilities, end of year
$1,028,756
Net assets or fund balances, end of year
$10,207,690
Program services expenses (Part IX)
$2,667,099
Management and general expenses
$2,759
Fundraising expenses
$0
Program service expenses (Part III)
$2,667,099

Program services were 99.9% 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.

  • 1d · Related organizations

    $2,543,204

  • 1f · All other contributions, gifts and grants

    $205,923

  • 3 · Investment income

    total $251,089 · excluded $251,089

  • 11a · Other revenue: FORFEITED GRANTS

    total $62,884 · related or exempt $62,884

  • 11d · All other revenue

    total $2,000 · related or exempt $2,000

  • 11e · Other revenue, total

    $64,884

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,667,099 · program services $2,667,099

  • 13 · Office expenses

    total $2,759 · management and general $2,759

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $79 · end of year $79

  • 2 · Savings and temporary cash investments

    beginning of year $9,786,685 · end of year $8,714,137

  • 4 · Accounts receivable

    beginning of year $1,000,000 · end of year $2,522,230

  • 18 · Grants payable

    beginning of year $974,316 · end of year $1,028,756

  • 27 · Net assets without donor restrictions

    beginning of year $9,812,448 · end of year $10,207,690

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE OHIO CAPITAL IMPACT CORPORATION (OCIC) WAS FORMED IN DECEMBER OF 2012 AS THE NON-PROFIT, PHILANTHROPIC ARM OF OHIO CAPITAL CORPORATION FOR HOUSING. OCIC WILL CONTRIBUTE FUNDING TO SUPPORT THE EDUCATIONAL, ECONOMIC, HEALTH, AND SOCIAL BETTERMENT OF THE RESIDENTS OF AFFORDABLE HOUSING, TO THE AREAS IN WHICH THEY LIVE AND TO THE ORGANIZATIONS THAT SERVE THEM.SIGNIFICANT PROGRAM SERVICES UNDERTAKEN DURING 2024 ARE CAPITAL FOR PARTNERS PROGRAM, THE SUMMER CAMP FUND PROGRAM, SCHOLARSHIP PROGRAM, AND DIGITAL INCLUSION. DESCRIPTIONS OF EACH OF THESE PROGRAMS ARE INCLUDED IN PART III, QUESTION 4 OF THE FORM 990.

  • CAPITAL FOR PARTNERS: FUNDS ARE CONTRIBUTED TO OHIO CAPITAL CORPORATION FOR HOUSING PARTNERS TO SUPPORT SPECIAL INITIATIVES,SPONSORSHIPS, FUNDRAISING EFFORTS, AND EDUCATIONAL CONFERENCES. THIS ENABLES THE PARTNERS TO ACHIEVE AND FURTHER ENHANCE THEIR MISSION.

    Expenses $1,780,252 · Grants $1,780,252 · Revenue $64,884

  • SUMMER CAMP FUND: PROVIDE GRANTS TO PARTNERS TO SUPPORT RESIDENTS OF LOW INCOME HOUSING PROJECTS THROUGH SENDING CHILDREN TO SUMMER CAMPS.

    Expenses $573,539 · Grants $573,539

  • OCIC IS PROUD TO SUPPORT THE WORK OF CPO IMPACT, AN AFFILIATE OF COMMUNITY PROPERTIES OF OHIO CREATED IN 2007. IN 2024 FUNDS WERE AWARDED FOR SELECTED PROGRAMS THAT FIND AND DESIGN INTERVENTIONS TO INCREASE HOUSING STABILITY, ENHANCE NEIGHBORHOOD SAFETY, AND BUILD ON THE CAPABILITIES OF RESIDENTS STRIVING TO CULTIVATE THEIR WELL-BEING, FAMILY STABILITY, AND THEIR CHILDREN'S SUCCESS.

    Expenses $207,741 · Grants $207,741

  • DIGITAL INCLUSION: THE FUND WAS CREATED TO ENCOURAGE INNOVATION IN DIGITAL INCLUSIVITY. FUNDS HELP SUPPORT HARDWARE AND TECHNICAL ASSISTANCE TO IMPROVE DIGITAL ACCESS. HARDWARE MAY INCLUDE COMPUTERS, WI-FI HOT SPOTS, TABLETS, AND OTHER PERSONAL DEVICES. FUNDING CAN ALSO BE USED TO FURTHER DIGITAL LITERACY TRAINING AND ECONOMIC EMPOWERMENT.

    Expenses $105,567 · Grants $105,567

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Angela Mingo

    DIRECTOR / CHAIRMAN

    Total calculated
    $10,560
    From this org
    $0
    From related orgs
    $10,560
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Jeanne Golliher

    DIRECTOR / VICE CHAIR

    Total calculated
    $7,040
    From this org
    $0
    From related orgs
    $7,040
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Andrew Tanner

    DIRECTOR/ TREASURER

    Total calculated
    $8,965
    From this org
    $0
    From related orgs
    $8,965
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Tom Loos

    DIR./ TREASURER (UNTIL APRIL 2024)

    Total calculated
    $2,475
    From this org
    $0
    From related orgs
    $2,475
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Jeanne Schroer

    DIRECTOR/ SECRETARY

    Total calculated
    $7,040
    From this org
    $0
    From related orgs
    $7,040
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Grady Appleton

    DIRECTOR

    Total calculated
    $8,250
    From this org
    $0
    From related orgs
    $8,250
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Dennis Guest

    DIRECTOR (UNTIL APRIL 2024)

    Total calculated
    $825
    From this org
    $0
    From related orgs
    $825
    Other
    $0
    Hours/week
    0.5 + 4 related

  • John Lee

    DIRECTOR (UNTIL APRIL 2024)

    Total calculated
    $1,375
    From this org
    $0
    From related orgs
    $1,375
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Richard McQuady

    DIRECTOR

    Total calculated
    $8,250
    From this org
    $0
    From related orgs
    $8,250
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Kevin Nowak

    DIRECTOR

    Total calculated
    $4,950
    From this org
    $0
    From related orgs
    $4,950
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Debbie Watts-Robinson

    DIRECTOR

    Total calculated
    $6,325
    From this org
    $0
    From related orgs
    $6,325
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Lewis Diaz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4.5

  • Catherine Cawthon

    PRESIDENT AND CEO

    Total calculated
    $1,235,117
    From this org
    $0
    From related orgs
    $932,531
    Other
    $302,586
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,300 related
    Bonus
    $0 + $310,000 related
    Other
    $0 + $313,231 related
    Deferred
    $0 + $270,450 related
    Nontaxable benefits
    $0 + $32,136 related
    Filer's total
    $0 + $1,235,117 related

  • John Hartranft

    EVP RISK AND CORP. COUNCIL

    Total calculated
    $839,523
    From this org
    $0
    From related orgs
    $584,091
    Other
    $255,432
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,196 related
    Bonus
    $0 + $171,255 related
    Other
    $0 + $162,640 related
    Deferred
    $0 + $206,794 related
    Nontaxable benefits
    $0 + $48,638 related
    Filer's total
    $0 + $839,523 related

  • Jennifer Mullaney

    CFO

    Total calculated
    $856,096
    From this org
    $0
    From related orgs
    $613,321
    Other
    $242,775
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,849 related
    Bonus
    $0 + $184,958 related
    Other
    $0 + $162,514 related
    Deferred
    $0 + $211,388 related
    Nontaxable benefits
    $0 + $31,387 related
    Filer's total
    $0 + $856,096 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 COMPENSATION OF THE PRESIDENT OF THE ORGANIZATION IS DETERMINED BY THE PRESIDENT OF A RELATED TAX-EXEMPT ENTITY. THE RELATED ENTITY HAS A COMPENSATION COMMITTEE THAT REVIEWS COMPENSATION LEVELS OF OFFICERS AND KEY EMPLOYEES.
PART I, LINE 4B
AMOUNTS RECEIVED FROM A NONQUALIFIED PLAN IN 2024: JENNIFER MULLANEY $140,830 JOHN HARTRANFT $141,527 CATHERINE CAWTHON $225,024

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

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.

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.

  • HORIZON HOUSE APARTMENTS LLC

    RENT REAL ESTATE · OH

  • CPO III LLC

    RENT REAL ESTATE · OH

  • NETWORK RESTORATION II LLC

    RENT REAL ESTATE · OH

  • NETWORK RESTORATION III LLC

    RENT REAL ESTATE · OH

  • CPR II LLC

    RENT REAL ESTATE · OH

  • COLUMBUS SCHOLAR HOUSE I LLC

    RENT REAL ESTATE · OH

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AHD INC

    C · REAL ESTATE · OH

  • COMMUNITY PARTNERS FOR AFFORDABLE HSG

    S · REAL ESTATE · OH

  • OHIO EQUITY FUND INC

    C · REAL ESTATE · OH

  • HORIZON HOUSE APARTMENTS INC

    C · REAL ESTATE · OH

  • COLUMBUS SCHOLAR HOUSE INC

    C · REAL ESTATE · OH

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349306998

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