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County Corp Development FY2022 filing

Dayton, OHUnknown exempt organization EIN 31-1023724Revenue $92K in FY2022Latest 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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1023724) · Dispute this line
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
99.0 mo
of spending, in cash
99.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.1M
72% of total assets
Liabilities are 72% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$92K
-50% vs prior year
Spent
$106K
To programs
90%
Net assets
$1.6M
By yearFY2020–FY2023
Revenue
$92K
FY2022▼ -50%
Tap a bar for its year
Revenue by fiscal year
FY2020$338K
FY2021$183K
FY2022$92K
FY2023$28K
Expenses
$106K
FY2022▼ -60%
Tap a bar for its year
Expenses by fiscal year
FY2020$278K
FY2021$265K
FY2022$106K
FY2023$56K
Net assets
$1.6M
FY2022▼ -0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.6M
FY2023$0

From the FY2022 Form 990 (year ending September 2022) · see the original

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You’re viewing the FY2022 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

90 cents of each dollar spent went to programs.

Program services 90% · $96K Management & general 10% · $10K

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 (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Eric Cluxton
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Scott Woods
Treasuer [oct-Apr]
$0Pt VII · Sec A
Neal Ratliff
Immediate Past Chair
$0Pt VII · Sec A
Heather Corbin
Trustee [oct-Apr], Treasurer [apr-Sep]
$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 · $95K · in their own filed words · FY2021
01

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, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1023724) · Dispute this line
$63Kprogram expense
02

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 15 loans. Approved 0 loans during the fiscal year. Closed 0 loans during the fiscal year.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1023724) · Dispute this line
$30Kprogram expense
03

Finalized the state of ohio 166 loan program in the state of ohio. As of 6/30/21, the portfolio went back to the state of ohio as the organization chose not to pursue renewal of the agreement. Application fees were retained.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1023724) · Dispute this line
$1Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$92K
Ln 12
Fees for servicesLn 2g$84K
Other incomeLn 4–11$8K
Investment incomeLn 3$49
Money outPt IX
$106K
Ln 25
Programscol B$96K
Managementcol C$10K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$876K
Total assetsLn 16$5.7M
LiabilitiesLn 26$4.1M
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$84K
Investment incomeLn 3$49
Other incomeLn 4–11$8K
Total revenueLn 12$92K
Assets in detailPt X, end of year
CashLn 1$851K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$876K
Accounts receivableLn 4$42K
Notes and loans receivableLn 7$679K
Land, buildings, equipmentLn 10c$3K
InvestmentsLn 11–13$10K
Other assetsLn 15$4.0M
Total assetsLn 16$5.7M
LiabilitiesLn 26$4.1M
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 FY22End FY22
Cash and savingsLn 1–2$821K$876K
InvestmentsLn 11–13$9K$10K
Land, buildings, equipmentLn 10c$4K$3K
Total assetsLn 16$5.8M$5.7M
LiabilitiesLn 26$4.2M$4.1M
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K$69
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$27$27
Office expensesLn 13$11K$8K$3K
OccupancyLn 16$1K$1K
TravelLn 17$15$11$4
Conferences, conventions and meetingsLn 19$349$302$47
Depreciation, depletion and amortizationLn 22$1K$955$239
InsuranceLn 23$277$277
Other expenses (24a–d)Ln 24$79K$74K$4K
Total functional expensesLn 25$106K$96K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Aug 15, 2024 $28K$56K−$28K$0 990 PDF
FY2022 ViewingFiled 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 FY2022 990
Part I · Summary $91,994 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $49,018$0
I-9 Program service revenuePrior year $133,666$83,745
I-10 Investment incomePrior year $10$49
I-11 Other revenuePrior year $0$8,200
I-12 Total revenuePrior year $182,694$91,994
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 $264,751$106,174
I-18 Total expensesPrior year $264,751$106,174
I-19 Revenue less expensesPrior year −$82,057−$14,180
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 $91,994 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $83,745$83,745
VIII-3 Investment incomeExcluded from tax $49$49
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,200$8,200
VIII-12 Total revenueRelated to mission $83,745 · Unrelated business $0 · Excluded from tax $8,249$91,994
Part IX · Statement of functional expenses $106,174 across 11 lines filed
IX-11b Legal feesPrograms $1,149 · Management $69$1,218
IX-11c Accounting feesPrograms $11,100$11,100
IX-11g Other fees for servicesManagement $1,014$1,014
IX-12 Advertising and promotionManagement $27$27
IX-13 Office expensesPrograms $8,060 · Management $2,926$10,986
IX-16 OccupancyManagement $1,068$1,068
IX-17 TravelPrograms $11 · Management $4$15
IX-19 Conferences, conventions and meetingsPrograms $302 · Management $47$349
IX-22 Depreciation, depletion and amortizationPrograms $955 · Management $239$1,194
IX-23 InsuranceManagement $277$277
IX-24 Other expenses (24a–d)Programs $74,470 · Management $4,456$78,926
IX-25 Total functional expensesPrograms $96,047 · Management $10,127 · Fundraising $0$106,174
Part X · Balance sheet $5,660,471 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $722,689$850,742
X-2 Savings and temporary cash investmentsStart of year $98,470$25,343
X-4 Accounts receivableStart of year $67,864$42,230
X-7 Notes and loans receivableStart of year $822,895$679,020
X-9 Prepaid expenses and deferred chargesStart of year $1,882$0
X-10c Land, buildings and equipment, netStart of year $4,074$3,070
X-13 Program-related investmentsStart of year $9,283$10,181
X-15 Other assetsStart of year $4,049,885$4,049,885
X-16 Total assetsStart of year $5,777,042$5,660,471
X-17 Accounts payable and accrued expensesStart of year $113,850$10,561
X-25 Other liabilitiesStart of year $4,049,885$4,049,885
X-26 Total liabilitiesStart of year $4,163,735$4,060,446
X-27 Net assets without donor restrictionsStart of year $1,613,307$1,600,025
X-32 Total net assets or fund balancesStart of year $1,613,307$1,600,025
X-33 Total liabilities and net assetsStart of year $5,777,042$5,660,471
Part XI · Reconciliation of net assets $1,600,025 net assets at year end
XI-1 Total revenue$91,994
XI-2 Total expenses$106,174
XI-3 Revenue less expenses−$14,180
XI-4 Net assets at start of year$1,613,307
XI-5 Net unrealized gains (losses) on investments$898
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,600,025

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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