County Corp Development: Nonprofit Profile, Financials & Form 990 (EIN 31-1023724)

Revenue by fiscal year
FY2020	$338K
FY2021	$183K
FY2022	$92K
FY2023	$28K

Expenses by fiscal year
FY2020	$278K
FY2021	$265K
FY2022	$106K
FY2023	$56K

Net assets by fiscal year
FY2020	$1.6M
FY2021	$1.6M
FY2022	$1.6M
FY2023	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

86 cents of each dollar spent went to programs.

86%

14%

Program services 86% · $48K Management & general 14% · $8K

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

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

James Dando

Trustee

$0Pt VII · Sec A

David Dickerson

Trustee

$0Pt VII · Sec A

James Hill

Trustee

$0Pt VII · Sec A

Neal Ratliff

Imm Past Chair (oct-Jun); Trustee (jun-Sep)

$0Pt VII · Sec A

Kristen Spenceley

Trustee

$0Pt VII · Sec A

Eric Cluxton

Vice Chair (oct-Jun); Chair (jun-Sep)

$0Pt VII · Sec A

Clinton Morton

Secretary

$0Pt VII · Sec A

Heather Corbin

Treasurer

$0Pt VII · Sec A

See County Corp Development executive salaries →

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

Creates jobs and improves economic opportunities in Montgomery and neighboring counties.

Questions for County Corp Development

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Your first name shows with your question. County Corp Development answers here, for everyone.

2 programs · $48K · in their own filed words · FY2022

01

Operated 2 CDBG loan programs in montgomery county (outside the city of dayton) involving the processing, approval, closing and servicing of these loan portfolios. Portfolio of 15 loans. Approved 0 loans during the fiscal year. Closed 0 loans during the fiscal year.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1023724) · Dispute this line

$35Kprogram expense

02

Operated the sba 504 loan program in the state of ohio. Processed, approved and closed loans and provided servicing on loan portfolio of 60 loans. The organization contracted its 504 servicing functions to another organization to administer the portfolio in june 2021 continuing until october 30, 2022 wherein the organization voluntarily…

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1023724) · Dispute this line

$13Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$28K

Ln 12

Fees for servicesLn 2g$21K

Other incomeLn 4–11$7K

Investment incomeLn 3$533

Money outPt IX

$56K

Ln 25

Programscol B$48K

Managementcol C$8K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

12

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$21K

Investment incomeLn 3$533

Other incomeLn 4–11$7K

Gains on assetsLn 7−$39

Total revenueLn 12$28K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderSeptember

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$876K	$0
InvestmentsLn 11–13	$10K	$0
Land, buildings, equipmentLn 10c	$3K	$0
Total assetsLn 16	$5.7M	$0
LiabilitiesLn 26	$4.1M	$0
Net assetsLn 32	$1.6M	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$2K	$2K
Accounting feesLn 11c	$12K	$12K
Other fees for servicesLn 11g	−$169	−$169
Advertising and promotionLn 12	$28		$28
Office expensesLn 13	$324	$146	$178
OccupancyLn 16	$1K	$1K	$331
TravelLn 17	$24	$21	$3
Conferences, conventions and meetingsLn 19	$32	$32
Depreciation, depletion and amortizationLn 22	$1K	$840	$210
InsuranceLn 23	$215	$183	$32
Other expenses (24a–d)Ln 24	$38K	$31K	$7K
Total functional expensesLn 25	$56K	$48K	$8K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest ViewingFiled with the IRS Aug 15, 2024	$28K	$56K	−$28K	$0	990 PDF
FY2022Filed with the IRS Aug 15, 2023	$92K	$106K	−$14K	$1.6M	990 PDF
FY2021Filed with the IRS Aug 9, 2022	$183K	$265K	−$82K	$1.6M	990 PDF
FY2020Filed with the IRS Aug 9, 2021	$338K	$278K	$61K	$1.6M	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2023 990

Part I · Summary $27,995 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $83,745$20,647

I-10 Investment incomePrior year $49$533

I-11 Other revenuePrior year $8,200$6,815

I-12 Total revenuePrior year $91,994$27,995

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $106,174$55,515

I-18 Total expensesPrior year $106,174$55,515

I-19 Revenue less expensesPrior year −$14,180−$27,520

Part VI · Governance 9 of 9 board members independent, no flags

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

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 $27,995 across 5 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,647$20,647

VIII-3 Investment incomeExcluded from tax $572$572

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$39−$39

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,815$6,815

VIII-12 Total revenueRelated to mission $27,462 · Unrelated business $0 · Excluded from tax $533$27,995

Part IX · Statement of functional expenses $55,515 across 11 lines filed

IX-11b Legal feesPrograms $2,206$2,206

IX-11c Accounting feesPrograms $12,300$12,300

IX-11g Other fees for servicesPrograms −$169−$169

IX-12 Advertising and promotionManagement $28$28

IX-13 Office expensesPrograms $146 · Management $178$324

IX-16 OccupancyPrograms $1,112 · Management $331$1,443

IX-17 TravelPrograms $21 · Management $3$24

IX-19 Conferences, conventions and meetingsPrograms $32$32

IX-22 Depreciation, depletion and amortizationPrograms $840 · Management $210$1,050

IX-23 InsurancePrograms $183 · Management $32$215

IX-24 Other expenses (24a–d)Programs $31,211 · Management $6,851$38,062

IX-25 Total functional expensesPrograms $47,882 · Management $7,633 · Fundraising $0$55,515

Part X · Balance sheet $0 assets, 21 lines filed

X-1 Cash, non-interest-bearingStart of year $850,742$0

X-2 Savings and temporary cash investmentsStart of year $25,343$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $42,230$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivableStart of year $679,020$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, netStart of year $3,070$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investmentsStart of year $10,181$0

X-14 Intangible assets$0

X-15 Other assetsStart of year $4,049,885$0

X-16 Total assetsStart of year $5,660,471$0

X-25 Other liabilitiesStart of year $4,049,885$0

X-26 Total liabilitiesStart of year $4,060,446$0

X-27 Net assets without donor restrictionsStart of year $1,600,025$0

X-32 Total net assets or fund balancesStart of year $1,600,025$0

X-33 Total liabilities and net assetsStart of year $5,660,471$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$27,995

XI-2 Total expenses$55,515

XI-3 Revenue less expenses−$27,520

XI-4 Net assets at start of year$1,600,025

XI-5 Net unrealized gains (losses) on investments$3,807

XI-9 Other changes in net assets−$1,576,312

XI-10 Net assets at end of year$0

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

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County Corp Development

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for County Corp Development

By the numbers

Filing history

Schedules filed Part IV