Walnut Hills Redevelopment Foundation INC FY2023 filing

Tax-deductible

Cincinnati, OH501(c)(3)Community DevelopmentEIN 31-0921713Revenue $1.9M in FY2023

On file with the IRSwalnuthillsrf.orgPo Box 6363, 45206-0363 · Cincinnati, OHTax-exempt since Jul 1978Publicly supported charity — 170(b)(1)(A)(vi)

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Walnut Hills Redevelopment Foundation We are a non-profit community development corporation working to enhance the quality of life in Walnut Hills. Vision: A Walnut Hills that is vibrant, safe, healthy, and inclusive for all.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $772K a year · 39% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $382K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.7M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
-35% vs prior year
Spent
$1.7M
To programs
90%
Net assets
$4.1M
By yearFY2020–FY2024
Revenue
$1.9M
FY2023▼ -35%
Tap a bar for its year
Revenue by fiscal year
FY2020$845K
FY2021$1.0M
FY2022$3.0M
FY2023$1.9M
FY2024$3.2M
Expenses
$1.7M
FY2023▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$634K
FY2021$9.0M
FY2022$1.2M
FY2023$1.7M
FY2024$1.3M
Net assets
$4.1M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.9M
FY2021$2.0M
FY2022$3.9M
FY2023$4.1M
FY2024$5.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.6M Management & general 9% · $158K Fundraising 1% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$83,533Pt VII · Sec A
President, Start of 2023
$0Pt VII · Sec A
Vice President Beg 2023, President by End of 2023
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Samantha Miller’s $84K as Executive Director is at the 12th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Samantha Miller$83,903$83,533$80,501——
Samantha Reeves———$74,950$77,833
Elizabeth Winters Waite Last Day 22————$12,899

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Walnut Hills Redevelopment Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Revitalizes the Walnut Hills neighborhood by developing affordable housing, supporting commercial growth, and creating a safe, vibrant, and inclusive community for all residents.

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Provided by the organization

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3 programs · $1.6M · in their own filed words · FY2023
01

To improve the infastructure of businesses in Walnut Hills by granting funds to businesses and business owners in the neighborhood.Improvement of neighborhood safety, beautification, business development and cohesive community.

$937Kprogram expense
02

Low-income housing property in the Walnut Hills neighborhood

$436Kprogram expense
03

Includes the management and development of safe decent housing in the neighborhood and commercial development.

$206Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 5 grants · $685K · 2021–2024
Paramount Launch LLCFY2024$507,536
Zt Holdings LLCFY2024$122,490
ArtworksOH · FY2024$25,000
Cincy Nice Social House LLCFY2024$20,000
Cincinnati Union BethelOH · FY2021$10,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$553K
Investment incomeLn 3$829
Money outPt IX
$1.7M
Ln 25
Programscol B$1.6M
Managementcol C$158K
Fundraisingcol D$13K
Owns and owesPt X
$4.1M
net assets · Ln 32
Cash and savingsLn 1–2$927K
Total assetsLn 16$7.8M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$779K
Fundraising eventsLn 1c$39K
Fees for servicesLn 2g$553K
Investment incomeLn 3$829
Gains on assetsLn 7$304
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$556K
SavingsLn 2$371K
Cash and savings togetherLn 1–2$927K
InvestmentsLn 11–13$5.1M
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$7.8M
LiabilitiesLn 26$3.7M
Net assetsLn 32$4.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 6235
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$614K$927K
InvestmentsLn 11–13$5.2M$5.1M
Land, buildings, equipmentLn 10c$1.9M$1.1M
Total assetsLn 16$8.4M$7.8M
LiabilitiesLn 26$4.5M$3.7M
Net assetsLn 32$3.9M$4.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$633K$633K
Pay of current officers, directors and key staffLn 5$86K$76K$7K$3K
Other salaries and wagesLn 7$183K$161K$15K$7K
Pension plan contributionsLn 8$2K$1K$124$62
Other employee benefitsLn 9$36K$31K$3K$1K
Payroll taxesLn 10$21K$19K$2K$858
Management feesLn 11a$24K$0$24K$0
Legal feesLn 11b$12K$0$12K$0
Accounting feesLn 11c$51K$0$51K$0
Office expensesLn 13$17K$0$17K$0
OccupancyLn 16$7K$0$7K$0
InterestLn 20$98K$98K$0$0
Depreciation, depletion and amortizationLn 22$70K$70K$0$0
InsuranceLn 23$63K$59K$3K$0
Other expenses (24a–d)Ln 24$188K$188K$354$0
All other expensesLn 24e$261K$242K$18K$0
Total functional expensesLn 25$1.7M$1.6M$158K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.2M$1.3M$1.9M$5.9M 990 PDF
FY2023 Viewing $1.9M$1.7M$190K$4.1M 990 PDF
FY2022 $3.0M$1.2M$1.8M$3.9M 990 PDF
FY2021 $1.0M$9.0M−$8.0M$2.0M 990 PDF
FY2020 $845K$634K$211K$9.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $1,940,002 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,317,216$1,547,391
I-9 Program service revenuePrior year $679,864$553,001
I-10 Investment incomePrior year $314$829
I-11 Other revenuePrior year −$8,425−$161,219
I-12 Total revenuePrior year $2,988,969$1,940,002
I-13 Grants and similar amounts paid$632,742
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $151,771$327,423
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,051,626$789,374
I-18 Total expensesPrior year $1,203,397$1,749,539
I-19 Revenue less expensesPrior year $1,785,572$190,463
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,940,002 across 10 lines filed
Lines not itemized here account for −$382,045 of total revenue; see the IRS return.
VIII-1c Fundraising events$38,700
VIII-1e Government grants$778,509
VIII-1f All other contributions, gifts and grants$730,182
VIII-1h Total contributions, gifts and grants$1,547,391
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$553,001
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $525$525
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $304$304
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$8,291−$8,291
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $200,000 · Unrelated business $0 · Excluded from tax $29,117$229,117
VIII-12 Total revenueRelated to mission $370,956 · Unrelated business $0 · Excluded from tax $21,655$1,940,002
Part IX · Statement of functional expenses $1,749,539 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $632,742$632,742
IX-5 Pay of current officers, directors and key staffPrograms $75,696 · Management $6,881 · Fundraising $3,441$86,018
IX-7 Other salaries and wagesPrograms $160,843 · Management $14,622 · Fundraising $7,311$182,776
IX-8 Pension plan contributionsPrograms $1,367 · Management $124 · Fundraising $62$1,553
IX-9 Other employee benefitsPrograms $31,353 · Management $2,850 · Fundraising $1,425$35,628
IX-10 Payroll taxesPrograms $18,874 · Management $1,716 · Fundraising $858$21,448
IX-11a Management feesPrograms $0 · Management $24,004 · Fundraising $0$24,004
IX-11b Legal feesPrograms $0 · Management $12,112 · Fundraising $0$12,112
IX-11c Accounting feesPrograms $0 · Management $50,651 · Fundraising $0$50,651
IX-13 Office expensesPrograms $0 · Management $16,675 · Fundraising $0$16,675
IX-16 OccupancyPrograms $0 · Management $6,600 · Fundraising $0$6,600
IX-20 InterestPrograms $97,682 · Management $0 · Fundraising $0$97,682
IX-22 Depreciation, depletion and amortizationPrograms $70,199 · Management $0 · Fundraising $0$70,199
IX-23 InsurancePrograms $59,404 · Management $3,248 · Fundraising $0$62,652
IX-24 Other expenses (24a–d)Programs $187,664 · Management $354 · Fundraising $0$188,018
IX-24e All other expensesPrograms $242,385 · Management $18,396 · Fundraising $0$260,781
IX-25 Total functional expensesPrograms $1,578,209 · Management $158,233 · Fundraising $13,097$1,749,539
Part X · Balance sheet $7,828,900 assets, 17 lines filed
Asset lines not itemized here account for $286,500; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $404,070$555,768
X-2 Savings and temporary cash investmentsStart of year $209,876$370,994
X-3 Pledges and grants receivableStart of year $83,400$371,585
X-4 Accounts receivableStart of year $86,116$93,870
X-9 Prepaid expenses and deferred chargesStart of year $10,775$10,845
X-10c Land, buildings and equipment, netStart of year $1,931,474$1,087,528
X-11 Publicly traded securitiesStart of year $3,652$3,627
X-13 Program-related investmentsStart of year $5,211,928$5,048,183
X-16 Total assetsStart of year $8,367,092$7,828,900
X-17 Accounts payable and accrued expensesStart of year $191,089$709,818
X-19 Deferred revenueStart of year $1,680$6,450
X-25 Other liabilitiesStart of year $202,905$238,496
X-26 Total liabilitiesStart of year $4,461,581$3,734,124
X-27 Net assets without donor restrictionsStart of year $3,306,759$3,525,848
X-28 Net assets with donor restrictionsStart of year $598,752$568,928
X-32 Total net assets or fund balancesStart of year $3,905,511$4,094,776
X-33 Total liabilities and net assetsStart of year $8,367,092$7,828,900
Part XI · Reconciliation of net assets $4,094,776 net assets at year end
XI-1 Total revenue$1,940,002
XI-2 Total expenses$1,749,539
XI-3 Revenue less expenses$190,463
XI-4 Net assets at start of year$3,905,511
XI-5 Net unrealized gains (losses) on investments−$422
XI-8 Prior period adjustments−$776
XI-10 Net assets at end of year$4,094,776

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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