Totals
- Total revenue
- $1,217,451
- Total expenses
- $767,657
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $46,000
- Investment income
- $0
- Other revenue
- $1,171,451
- Total assets, end of year
- $7,535,133
- Total liabilities, end of year
- $2,756,707
- Net assets or fund balances, end of year
- $4,778,426
- Program services expenses (Part IX)
- $762,897
- Management and general expenses
- $4,760
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $762,897
Program services were 99.4% 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.
-
2a · Program service revenue: ECONOMIC DEVELOPMENT
total $46,000 · related or exempt $46,000
-
6a · Gross rents
real property $1,171,451
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,171,451
-
6d · Net rental income or loss
total $1,171,451 · related or exempt $1,171,451
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $16,162 · program services $11,402 · management and general $4,760
-
11c · Fees: accounting
total $900 · program services $900
-
11g · Fees: other
total $43,763 · program services $43,763
-
13 · Office expenses
total $4,207 · program services $4,207
-
14 · Information technology
total $2,810 · program services $2,810
-
20 · Interest
total $55,276 · program services $55,276
-
22 · Depreciation, depletion and amortization
total $218,691 · program services $218,691
-
23 · Insurance
total $10,342 · program services $10,342
-
24a · Other expenses: REAL ESTATE TAX
total $141,332 · program services $141,332
-
24b · Other expenses: REPAIR & MAINTENANCE
total $139,381 · program services $139,381
-
24c · Other expenses: UTILITIES
total $134,286 · program services $134,286
-
24d · Other expenses: MISCELLANEOUS
total $507 · program services $507
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,149,578 · end of year $2,376,968
-
2 · Savings and temporary cash investments
beginning of year $580,000 · end of year $740,000
-
4 · Accounts receivable
beginning of year $12,709 · end of year $25,973
-
9 · Prepaid expenses and deferred charges
beginning of year $2,098 · end of year $2,359
-
10a · Land, buildings and equipment: cost or other basis
$6,529,930
-
10b · Land, buildings and equipment: accumulated depreciation
$2,140,097
-
10c · Land, buildings and equipment, net
beginning of year $4,572,898 · end of year $4,389,833
-
17 · Accounts payable and accrued expenses
beginning of year $186,612 · end of year $184,415
-
23 · Secured mortgages and notes payable
beginning of year $1,375,620 · end of year $1,375,620
-
25 · Other liabilities
beginning of year $1,426,419 · end of year $1,196,672
-
27 · Net assets without donor restrictions
beginning of year $4,328,632 · end of year $4,778,426
Mission and programs · 2022
Mission
TO INITIATE AND CONDUCT PROJECTS FOR THE CLEARANCE, REPLANNING, DEVELOPMENT, AND REDEVELOPMENT OF BLIGHTED AREAS WITHIN THE CITY OF DAYTON, INCLUDING ACQUISITION, CONSTRUCTION, OPERATION, OWNERSHIP AND MANAGEMENT OF SUCH PROJECTS.
Activities or mission (Part I)
TO INITIATE AND CONDUCT PROJECTS FOR THE CLEARANCE, REPLANNING, DEVELOPMENT, AND REDEVELOPMENT OF BLIGHTED AREAS WITHIN THE CITY
-
TO INITIATE AND CONDUCT PROJECTS FOR THE CLEARANCE, REPLANNING, DEVELOPMENT, AND REDEVELOPMENT OF BLIGHTED AREAS WITHIN THE CITY OF DAYTON, INCLUDING ACQUISITION, CONSTRUCTION, OPERATION, OWNERSHIP AND MANAGEMENT OF SUCH PROJECTS.
Expenses $762,897 · Revenue $1,217,451
As filed on the 2022 return.
Listed in Part VII
-
DAVID MELIN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
ELOISE BRONER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS BURKHARDT
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
-
SHANNON MARTIN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
TERRI BETHEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
TODD KINSKEY
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
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NIKOL MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BOB RUZINSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK HEITKAMP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROBBI STIVERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
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
-
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
-
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 3
- BRIAN HEITKAMP, FORMER PRESIDENT AND DANIEL KANE THE CURRENT PRESIDENT OF CITYWIDE DEVELOPMENT CORPORATION, A RELATED ORGANIZATION DISCLOSED IN SCHEDULE R. THEIR COMPENSATION IS DISCLOSED WITHIN THIS FORM 990 BECAUSE IT IS PAID BY CITYWIDE DEVELOPMENT CORPORATION. THEY ARE NOT PAID BY TECH TOWN NEW MARKET INC. THE OTHER HIGHLY COMPENSATED EMPLOYEES REPORTED IN PART VII SECTION A OF THIS TAX RETURN ARE ALSO PAID BY CITYWIDE DEVELOPMENT CORPORATION NOT BY TECH TOWN NEW MARKET INC. THEIR SALARIES AND BENEFITS ARE ONLY REPORTED WITHIN THIS RETURN DUE TO THE RELATED PARTY RELATIONSHIP. COMPENSATION PAID BY THE RELATED ORGANIZATION IS ESTABLISHED BY USING A COMPENSATION COMMITTEE, 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 CORPORATION
501(C)(4) · STRENGTHEN DAYTON THROUGH STRATEGIC ECONOMIC AND COMMUNITY DEVELOPMENT · OH
Directly controlled by CITYWIDE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342099349300214
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