County Corp Development FY2021 filing

Dayton, OHUnknown exempt organization EIN 31-1023724Revenue $183K in FY2021Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSbizcap.orgDayton, OH

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To improve the quality of life for residents of montgomery County and neighboring counties through improved economic Development opportunities. The primary purpose is the creation and retention of jobs in montgomery and surrounding counties.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1023724) · Dispute this line
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $16K a year · 10% of revenue · last 4 filings
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
72% of spending went to programs.
Pt IX · Ln 25 · col B
37.2 mo
of spending, in cash
37.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.2M
72% of total assets
Liabilities are 72% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$183K
-46% vs prior year
Spent
$265K
To programs
72%
Net assets
$1.6M
By yearFY2020–FY2023
Revenue
$183K
FY2021▼ -46%
Tap a bar for its year
Revenue by fiscal year
FY2020$338K
FY2021$183K
FY2022$92K
FY2023$28K
Expenses
$265K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$278K
FY2021$265K
FY2022$106K
FY2023$56K
Net assets
$1.6M
FY2021▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.6M
FY2023$0

From the FY2021 Form 990 (year ending September 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

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

72 cents of each dollar spent went to programs.

Program services 72% · $191K Management & general 28% · $74K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
V. Chair (oct-Jan)/Chair (jan-Sept)
$0Pt VII · Sec A
Ttee. (oct-Jan)/V. Chair (jan-Sept)
$0Pt VII · Sec A
$0Pt VII · Sec A
Ttee (oct-Jan)/Treas. (jan-Sept)
$0Pt VII · Sec A
Chair (oct-Jan)/Imm. Past Chair (jan-Sept)
$0Pt VII · Sec A
Imm. Past Chair (oct-Jan)/Ttee. (jan-Sept)
$0Pt VII · Sec A
$0Pt VII · Sec A
$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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3 programs · $191K · in their own filed words · FY2020
01

Operated 2 CDBG loan programs in montgomery county (outside the city of dayton). Processed, approved and closed loans and provided servicing on loan portfolio of 17 loans. Approved 0 loans during the fiscal year.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1023724) · Dispute this line
$108Kprogram 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.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1023724) · Dispute this line
$65Kprogram expense
03

Operated the state of ohio 166 loan program in the state of ohio. Provided servicing on portfolio of 17 loans through 6/30/21 at which time the portfolio went back to the state of ohio as the organization chose not to pursue renewal of the agreement. Approved 0 loans during the fiscal year. Closed 0 loans during the fiscal year.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1023724) · Dispute this line
$17Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$183K
Ln 12
Fees for servicesLn 2g$134K
Gifts and grantsLn 1h$49K
Investment incomeLn 3$10
Money outPt IX
$265K
Ln 25
Programscol B$191K
Managementcol C$74K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$821K
Total assetsLn 16$5.8M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$49K
Government grantsLn 1e$48K
Noncash giftsLn 1g$590
Fees for servicesLn 2g$134K
Investment incomeLn 3$10
Total revenueLn 12$183K
Assets in detailPt X, end of year
CashLn 1$723K
SavingsLn 2$98K
Cash and savings togetherLn 1–2$821K
Accounts receivableLn 4$68K
Notes and loans receivableLn 7$823K
Prepaid expenses and deferred chargesLn 9$2K
Land, buildings, equipmentLn 10c$4K
InvestmentsLn 11–13$9K
Other assetsLn 15$4.0M
Total assetsLn 16$5.8M
LiabilitiesLn 26$4.2M
Net assetsLn 32$1.6M
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
LineStart FY21End FY21
Cash and savingsLn 1–2$681K$821K
InvestmentsLn 11–13$20K$9K
Land, buildings, equipmentLn 10c$3K$4K
Total assetsLn 16$5.8M$5.8M
LiabilitiesLn 26$4.2M$4.2M
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K$341
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$103$103
Office expensesLn 13$23K$2K$21K
OccupancyLn 16$7K$7K
TravelLn 17$3$3
Conferences, conventions and meetingsLn 19$445$445
Depreciation, depletion and amortizationLn 22$1K$978$245
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$206K$185K$21K
All other expensesLn 24e$41$41
Total functional expensesLn 25$265K$191K$74K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $182,694 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$49,018
I-9 Program service revenuePrior year $181,224$133,666
I-10 Investment incomePrior year $157,207$10
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $338,431$182,694
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 $277,786$264,751
I-18 Total expensesPrior year $277,786$264,751
I-19 Revenue less expensesPrior year $60,645−$82,057
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $182,694 across 7 lines filed
VIII-1e Government grants$48,428
VIII-1f All other contributions, gifts and grants$590
VIII-1g Noncash contributions (included above)$590
VIII-1h Total contributions, gifts and grants$49,018
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $133,666$133,666
VIII-3 Investment incomeExcluded from tax $10$10
VIII-12 Total revenueRelated to mission $133,666 · Unrelated business $0 · Excluded from tax $10$182,694
Part IX · Statement of functional expenses $264,751 across 12 lines filed
IX-11b Legal feesPrograms $2,627 · Management $341$2,968
IX-11c Accounting feesManagement $12,600$12,600
IX-11g Other fees for servicesManagement $3,218$3,218
IX-12 Advertising and promotionManagement $103$103
IX-13 Office expensesPrograms $2,184 · Management $20,689$22,873
IX-16 OccupancyManagement $7,268$7,268
IX-17 TravelManagement $3$3
IX-19 Conferences, conventions and meetingsManagement $445$445
IX-22 Depreciation, depletion and amortizationPrograms $978 · Management $245$1,223
IX-23 InsuranceManagement $8,392$8,392
IX-24 Other expenses (24a–d)Programs $184,838 · Management $20,779$205,617
IX-24e All other expensesManagement $41$41
IX-25 Total functional expensesPrograms $190,627 · Management $74,124 · Fundraising $0$264,751
Part X · Balance sheet $5,777,042 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $589,781$722,689
X-2 Savings and temporary cash investmentsStart of year $91,421$98,470
X-4 Accounts receivableStart of year $6,735$67,864
X-7 Notes and loans receivableStart of year $1,037,048$822,895
X-9 Prepaid expenses and deferred chargesStart of year $3,989$1,882
X-10c Land, buildings and equipment, netStart of year $3,108$4,074
X-13 Program-related investmentsStart of year $19,842$9,283
X-15 Other assetsStart of year $4,049,885$4,049,885
X-16 Total assetsStart of year $5,801,809$5,777,042
X-17 Accounts payable and accrued expensesStart of year $118,001$113,850
X-25 Other liabilitiesStart of year $4,049,885$4,049,885
X-26 Total liabilitiesStart of year $4,167,886$4,163,735
X-27 Net assets without donor restrictionsStart of year $1,633,923$1,613,307
X-32 Total net assets or fund balancesStart of year $1,633,923$1,613,307
X-33 Total liabilities and net assetsStart of year $5,801,809$5,777,042
Part XI · Reconciliation of net assets $1,613,307 net assets at year end
XI-1 Total revenue$182,694
XI-2 Total expenses$264,751
XI-3 Revenue less expenses−$82,057
XI-4 Net assets at start of year$1,633,923
XI-5 Net unrealized gains (losses) on investments$61,441
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,613,307

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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