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Nonprofiteer
← CITYWIDE DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by CITYWIDE DEVELOPMENT CORPORATION.

Totals

Total revenue
$7,566,754
Total expenses
$5,276,998
Contributions and grants received
$5,926,890
Grants paid
$2,716,497
Program service revenue
$781,746
Investment income
$858,118
Other revenue
$0
Total assets, end of year
$45,189,908
Total liabilities, end of year
$34,878,062
Net assets or fund balances, end of year
$10,311,846
Program services expenses (Part IX)
$4,787,761
Management and general expenses
$489,237
Fundraising expenses
$0
Program service expenses (Part III)
$4,787,761

Program services were 90.7% 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)

    $5,514,661

  • 1f · All other contributions, gifts and grants

    $412,229

  • 2a · Program service revenue: ECONOMIC AND COMMUNITY

    total $781,746 · related or exempt $781,746

  • 3 · Investment income

    total $610,021 · excluded $610,021

  • 7a · Gross sales of assets other than inventory

    other assets $248,097

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $248,097

  • 7d · Net gain or loss

    total $248,097 · related or exempt $248,097

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,716,497 · program services $2,716,497

  • 5 · Compensation of officers, directors and key employees

    total $902,940 · program services $780,419 · management and general $122,521

  • 7 · Other salaries and wages

    total $620,437 · program services $536,249 · management and general $84,188

  • 8 · Pension plan contributions

    total $107,662 · program services $93,053 · management and general $14,609

  • 9 · Other employee benefits

    total $134,559 · program services $116,300 · management and general $18,259

  • 10 · Payroll taxes

    total $110,237 · program services $95,279 · management and general $14,958

  • 11b · Fees: legal

    total $6,200 · program services $6,200

  • 11c · Fees: accounting

    total $44,200 · management and general $44,200

  • 11g · Fees: other

    total $32,552 · program services $25,186 · management and general $7,366

  • 12 · Advertising and promotion

    total $36,020 · program services $300 · management and general $35,720

  • 13 · Office expenses

    total $47,251 · management and general $47,251

  • 14 · Information technology

    total $58,886 · management and general $58,886

  • 17 · Travel

    total $3,085 · program services $3,085

  • 19 · Conferences, conventions and meetings

    total $4,466 · program services $4,466

  • 22 · Depreciation, depletion and amortization

    total $170,743 · program services $170,743

  • 23 · Insurance

    total $25,547 · management and general $25,547

  • 24a · Other expenses: RETURN OF CAPITAL

    total $550,000 · program services $550,000

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $401,803 · program services $401,803

  • 24c · Other expenses: REAL ESTATE COSTS

    total $347,871 · program services $347,871

  • 24d · Other expenses: MISCELLANEOUS

    total $47,912 · program services $32,180 · management and general $15,732

  • 24e · All other expenses

    total -$1,091,870 · program services -$1,091,870

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,173,182 · end of year $5,009,978

  • 2 · Savings and temporary cash investments

    end of year $3,104,066

  • 4 · Accounts receivable

    beginning of year $86,475 · end of year $92,307

  • 7 · Other notes and loans receivable

    beginning of year $2,825,841 · end of year $2,970,888

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,034 · end of year $13,276

  • 10a · Land, buildings and equipment: cost or other basis

    $3,570,515

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,033,607

  • 10c · Land, buildings and equipment, net

    beginning of year $3,315,454 · end of year $2,536,908

  • 13 · Investments: program-related

    beginning of year $407,380 · end of year $96,106

  • 15 · Other assets

    beginning of year $27,660,033 · end of year $31,366,379

  • 17 · Accounts payable and accrued expenses

    beginning of year $472,308 · end of year $650,237

  • 18 · Grants payable

    beginning of year $689,128 · end of year $325,439

  • 19 · Deferred revenue

    beginning of year $3,555,535 · end of year $3,355,197

  • 23 · Secured mortgages and notes payable

    beginning of year $2,796,000 · end of year $2,796,000

  • 24 · Unsecured notes and loans payable

    beginning of year $638,204 · end of year $625,604

  • 25 · Other liabilities

    beginning of year $26,348,134 · end of year $27,125,585

  • 27 · Net assets without donor restrictions

    beginning of year $8,022,090 · end of year $10,311,846

Mission and programs · 2023

Mission

STRENGTHEN AND GROW DAYTON THROUGH STRATEGIC ECONOMIC AND COMMUNITY DEVELOPMENT

Activities or mission (Part I)

STRENGTHEN AND GROW DAYTON THROUGH STRATEGIC ECONOMIC AND COMMUNITY DEVELOPMENT.

  • CITYWIDE AND AFFILITES CLOSED A TOTAL OF $62.7M IN LOANS FOR PROJECTS TOTALING $222M OF INVESTMENT CREATING 826 JOBS IN THE DAYTON REGION. DAYTON REGION NEW MARKET FUND (DRNMF), AN AFFILIATE OF CITYWIDE DEVELOPMENT CORP., PLACED OVER $58M IN FEDERAL AND $2M IN STATE NEW MARKET TAX CREDITS TO FACILITATE THE FINANCING OF THE RONALD MCDONALD HOUSE, SP ROTUNDA, DAYTON CHILDREN'S, AND HOMEFULL. CITYWIDE REMAINS HIGHLY ACTIVE IN THE TECH TOWN PROJECT, WHICH OFFERS A UNIQUE TECHNOLOGY SUPPORT SYSTEM THAT ENCOURAGES COLLABORATION, BUSINESS ACCELERATION, AND TECHNOLOGY COMMERCIALIZATION. CITYWIDE ALSO CONTINUES TO BE THE LEAD ORGANIZATION IN DAYTON FOR THE DESIGN AND IMPLEMENTATION OF COMPREHENSIVE COMMUNITY DEVELOPMENT.

    Expenses $4,787,761 · Grants $2,716,497 · Revenue $1,029,843

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
    $160,851
    From related orgs
    $0
    Other
    $23,683
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

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

  • Daniel Kane

    PRESIDENT

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

    Schedule J breakdown matched by us

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

  • Karen Demasi

    ASSISTANT SECRETARY

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

    Schedule J breakdown matched by us

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

  • Heather Corbin

    SBA DIRECTOR/SENIOR BUSINESS DEVELOPMENT

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

    Schedule J breakdown matched by us

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

  • Shane Wilken

    SENIOR BUSINESS DEVELOPMENT OFFICER/SBA DIRECTOR

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

    Schedule J breakdown matched by us

    Base
    $132,550
    Bonus
    $1,000
    Other
    $0
    Deferred
    $6,301
    Nontaxable benefits
    $12,804
    Filer's total
    $152,655

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 · 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • DAYTON RESERVES LLC

    REAL ESTATE · OH

    Directly controlled by CITYWIDE DEVELOPMENT CORPORATION

  • TECH TOWN HOLDINGS LLC

    REAL ESTATE · OH

    Directly controlled by CITYWIDE DEVELOPMENT CORPORATION

  • GVG PROPERTIES LLC

    REAL ESTATE · OH

    Directly controlled by CITYWIDE DEVELOPMENT CORPORATION

  • CWSR HOLDINGS LLC

    REAL ESTATE · OH

    Directly controlled by CITYWIDE DEVELOPMENT CORPORATION

  • DAYTON PROGRESSIVE DEVELOPMENT LLC

    REAL ESTATE · OH

    Directly controlled by CITYWIDE DEVELOPMENT CORPORATION

  • OREGON PARKING LLC

    REAL ESTATE · OH

    Directly controlled by CITYWIDE DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
8 July 2024
IRS schema version
2023v5.1
Source object
202441999349300009

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