Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1989.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
22 people listed on the 990; $1.3M paid to officers and key staff.
Joseph Huber’s $269K as President & CEO is at the 71st percentile of top reported officer pay among 676 $10–100M housing 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Jeanne Golliher | — | — | $187,508 | $273,226 | $279,494 |
| Joseph Huber | $269,015 | $271,150 | $244,325 | $227,577 | — |
| Luke Blocher | $242,130 | $222,680 | — | — | — |
| Angela Ginty | — | — | $222,828 | $210,308 | $185,675 |
| Joseph R Huber | — | — | — | — | $213,619 |
| Jennifer Larkins | $209,607 | $202,706 | $183,961 | $175,765 | $109,487 |
| Robbie Suggs | — | — | $189,493 | — | — |
| Morag Adlon | $154,040 | $142,199 | $133,318 | $123,577 | $112,310 |
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.
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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
Provides affordable housing loans and community revitalization financing to strengthen underserved neighborhoods in the Greater Cincinnati area.
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Cincinnati development fund (CDF) is a nonprofit lending institution established in 1988 to finance affordable housing development and community revitalization in the greater cincinnati area.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $19.8M | $29.0M |
| InvestmentsLn 11–13 | $9.7M | $9.2M |
| Land, buildings, equipmentLn 10c | $22K | $13K |
| Total assetsLn 16 | $69.0M | $89.3M |
| LiabilitiesLn 26 | $38.7M | $54.7M |
| Net assetsLn 32 | $30.3M | $34.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $1.1M | $777K | $342K | $6K |
| Other salaries and wagesLn 7 | $862K | $595K | $262K | $4K |
| Other employee benefitsLn 9 | $202K | $139K | $61K | $1K |
| Payroll taxesLn 10 | $125K | $86K | $38K | $643 |
| Legal feesLn 11b | $129K | $129K | ||
| Accounting feesLn 11c | $50K | $50K | ||
| Other fees for servicesLn 11g | $144K | $121K | $23K | |
| Office expensesLn 13 | $303K | $209K | $92K | $2K |
| OccupancyLn 16 | $94K | $65K | $28K | $585 |
| InterestLn 20 | $616K | $616K | ||
| Depreciation, depletion and amortizationLn 22 | $7K | $5K | $2K | $43 |
| Other expenses (24a–d)Ln 24 | $9.8M | $9.7M | $5K | $28K |
| Total functional expensesLn 25 | $13.4M | $12.2M | $1.1M | $66K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $20.0M | $17.0M | $2.9M | $37.6M | 990 PDF |
| FY2024 Viewing | $18.4M | $13.4M | $5.0M | $34.6M | 990 PDF |
| FY2023 | $10.3M | $4.9M | $5.4M | $30.3M | 990 PDF |
| FY2022 | $6.6M | $5.5M | $1.0M | $24.8M | 990 PDF |
| FY2021 | $7.6M | $6.2M | $1.5M | $23.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $18,409,470 across 8 lines filed
Part IX · Statement of functional expenses $13,419,584 across 12 lines filed
Part X · Balance sheet $89,298,579 assets, 17 lines filed
Part XI · Reconciliation of net assets $34,590,821 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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