2023-11-13T12:31:56-06:00 2023-03-31 310800053 CLARK SCHAEFER HACKETT & CO 1 EAST 4TH STREET CINCINNATI OH 45202 990 2022-04-01 311256064 CINCINNATI DEVELOPMENT FUND CINC 5137217211 1224 RACE STREET CINCINNATI OH 45202 JENNIFER LARKINS CFO 5137217211 2023-11-13 1 JENNIFER LARKINS 999009999 0 BRIDGET A BUSH P00234609 5132413111 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOE HUBER 1224 RACE STREET CINCINNATI OH 45202 10644401 0 X WWW.CINDEVFUND.ORG X 1988 OH TO DRIVE COMMUNITY REVITALIZATION BY PROVIDING CAPITAL ACCESS AND TECHNICAL ASSISTANCE. 15 15 17 20 0 0 1177267 4981277 5322135 5265244 -149 143407 53735 -80241 6552988 10309687 0 0 0 0 2499772 2170935 0 0 13662 3041706 2719819 5541478 4890754 1011510 5418933 54993767 69003326 30207111 38716534 24786656 30286792 X TO DRIVE COMMUNITY REVITALIZATION BY PROVIDING CAPITAL ACCESS AND TECHNICAL ASSISTANCE. 0 0 3799575 0 5185003 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. CDF'S MISSION IS TO PROVIDE INNOVATIVE REAL ESTATE FINANCING FOR PROJECTS THAT STRENGTHEN LOW-INCOME NEIGHBORHOODS AND IMPROVE LIVES.OVER THE PAST 35 YEARS, LOCAL FINANCIAL INSTITUTIONS, FOUNDATIONS, SOCIALLY MOTIVATED INVESTORS, AND LOCAL AND FEDERAL GOVERNMENTS HAVE ALL CONTRIBUTED TO CDF'S SOURCES OF CAPITAL. THESE ORGANIZATRIONS INVEST IN CDF BECAUSE OF OUR EXPERTISE IN EVALUATING COMPLEX LOAN APPLICATIONS WITH MULTIPLE FINANCING SOURCES. THIS EXPERIENCE MAKES IT EASIER AND MORE COST-EFFECTIVE FOR THESE ORGANIZATIONS TO INVEST IN THE COMMUNITY. AN ADDED BENEFIT IS THAT FUNDS ARE ORGANIZED INTO LOAN POOLS THAT ENABLE LENDERS TO DIVERSIFY THEIR LOAN PORTFOLIOS AND SHARE THE RISK ON EACH LOAN WITH OTHER CDF PARTICIPANTS. CDF HAS ORIGINATED MORE THAN $493 MILLION IN LOANS RESULTING IN THE CREATION OF MORE THAN 7,000 UNITS OF HOUSING. CDF FOCUSES ON LENDING IN LOW INCOME COMMUNITIES WHERE NEED AND IMPACT ARE THE GREATEST.CDF IS AN EQUAL OPPORTUNITY PROVIDER. 3799575 1 1 0 0 0 0 0 0 1 0 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 50 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OH X JENNIFER LARKINS 5137217211 1224 RACE STREET CINCINNATI OH 45202 JOSEPH HUBER PRESIDENT & CEO 40.00 X 244325 0 40954 JEANNE GOLLIHER CEO - TERM EXP: 2022 40.00 X 187508 0 20194 KIMBERLY MAUER BOARD CHAIR 2.00 X X 0 0 0 SUSAN THOMAS VICE CHAIR 2.00 X X 0 0 0 KEVIN COONEY TREASURER 2.00 X X 0 0 0 KATHLEEN SCHWAB SECRETARY 2.00 X X 0 0 0 PHILIP DENNING TRUSTEE 1.00 X 0 0 0 DORA ANIM TRUSTEE 2.00 X 0 0 0 DARIN HALL TRUSTEE 1.00 X 0 0 0 MURRAY SINCLAIRE TRUSTEE 1.00 X 0 0 0 ERIC AVNER TRUSTEE 1.00 X 0 0 0 KEVIN HUGHES TRUSTEE 1.00 X 0 0 0 DOUG BURGESS TRUSTEE 1.00 X 0 0 0 REA N WALDON PHD TRUSTEE 1.00 X 0 0 0 ROBERT ALEXANDER TRUSTEE 1.00 X 0 0 0 MARGARET MOERTL TRUSTEE 1.00 X 0 0 0 JIMMY WILSON TRUSTEE 1.00 X 0 0 0 ANGELA GINTY CHIEF ADMINISTIVE OFFICER 40.00 X 222828 0 12492 JENNIFER LARKINS CHIEF FINANCIAL OFFICER 40.00 X 183961 0 37709 ROBBIE SUGGS CHIEF LENDING OFFICER 40.00 X 189493 0 10088 SARA SHEETS DIR. OF STRATEGIC INITIATIVES 40.00 X 114706 0 34809 MORAG ADLON SENIOR LOAN OFFICER 40.00 X 133318 0 17969 1276139 0 174215 7 0 1 0 NOVOGRADAC PO BOX 7833 SAN FRANCISCO CA 74120 AUDIT AND TAX SERVICES 289500 TAFT 425 WALNUT STREET SUITE 1800 CINCINNATI OH 45202 LEGAL SERVICES 159791 2 2734352 2246925 4981277 LOAN INTEREST INCOME 900001 4104333 4104333 SERVICING FEE 900001 1160911 1160911 5265244 228121 228121 250000 332679 2035 -82679 -2035 -84714 -84714 OTHER INCOME 900001 962 962 INCOME FROM K-1: CITYWIDE CINCINN 900001 30 30 INCOME FROM K-1: CITYWIDE CINCINN 900001 29 29 -81262 -81262 -80241 10309687 5185003 0 143407 1149550 793682 349967 5901 751997 519200 228936 3861 39319 27147 11970 202 111944 77289 34080 575 118125 81557 35962 606 146250 146250 45300 45300 102772 102772 272350 188039 82610 1701 94208 65044 28576 588 688029 688029 20024 13825 6074 125 PROVISION FOR LOAN LOSS 873938 873938 PROGRAM NMTC EXPENSE 322500 322500 PROGRAM EXPENSES 137904 137904 OTHER 16544 11421 5020 103 4890754 3799575 1077517 13662 3526294 458101 5264293 19343843 624806 552133 30501229 29888724 64156 61905 236518 214568 32302 21950 3806197 4497450 2364883 5163053 8809607 9016167 54993767 69003326 698124 427673 7384765 15078192 1127794 473306 20996428 22528225 0 209138 30207111 38716534 X 24786656 30286792 24786656 30286792 54993767 69003326 X 5418933 81203 X X 0 1 X 1 1 1 X 2564420 1183798 2300545 1177267 4981277 12207307 5184223 5130443 5154787 5375870 5185003 26030326 7748643 6314241 7455332 6553137 10166280 38237633 0 508461 221820 245877 54203 1030361 508461 221820 245877 54203 1030361 37207272 69395 205395 172280 196679 228121 871870 69395 205395 172280 196679 228121 871870 7818038 6519636 7627612 6749816 10394401 39109503 0.95140 0.95130 0.02230 0.01930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 82500 78061 4439 105854 88343 17511 48164 48164 0 21950 MARKETABLE SECURITIES 4497450 F 4497450 FHLB STOCK 100400 F FHLB TERM DEPOSIT 5000000 C OTHER 62653 F 5163053 MINI PERMANENT LOAN FUND 8809607 RIGHT OF USE ASSETS 206560 9016167 LEASE LIABILITIES CURRENT 72122 LEASE LIABILITIES NON-CURRENT 137016 209138 X 9702861 -688029 -688029 10390890 -81203 -81203 10309687 4202725 0 4202725 688029 688029 4890754 PART IV, LINE 2B: AMOUNTS HELD IN ESCROW ARE FOR REAL ESTATE TAXES AND INSURANCE. THESE AMOUNTS ARE SEGREGATED AS RESTRICTED ASSETS. PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") HAS ISSUED GUIDANCE WHICH CLARIFIES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE RELATING TO UNCERTAIN TAX POSITIONS. THIS GUIDANCE CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S INCOME TAX RETURNS. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S POLICY WITH REGARD TO INTEREST AND PENALTIES IS TO RECOGNIZE INTEREST THROUGH INTEREST EXPENSE AND PENALTIES THROUGH OTHER EXPENSE. IN EVALUATING THE ORGANIZATION'S TAX PROVISION AND TAX EXEMPT STATUS, INTERPRETATIONS AND TAX PLANNING STRATEGIES WERE CONSIDERED. THE ORGANIZATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON THE CURRENT FACTS AND CIRCUMSTANCES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INCOME ON THE AFS -688,029. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS FROM INVESTMENTS IN PARTNERSHIPS NOT REFLECTED ON THE AFS -81,203. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INCOME ON THE AFS 688,029. X X X 0 0 0 0 0 0 0 0 0 JOSEPH HUBER PRESIDENT & CEO 223800 0 20525 0 0 0 12351 0 28603 0 285279 0 0 0 JEANNE GOLLIHER CEO - TERM EXP: 2022 187508 0 0 0 0 0 9752 0 10442 0 207702 0 0 0 ANGELA GINTY CHIEF ADMINISTIVE OFFICER 207260 0 15568 0 0 0 11153 0 1339 0 235320 0 0 0 JENNIFER LARKINS CHIEF FINANCIAL OFFICER 168190 0 15771 0 0 0 9601 0 28108 0 221670 0 0 0 ROBBIE SUGGS CHIEF LENDING OFFICER 173971 0 15522 0 0 0 9481 0 607 0 199581 0 0 0 MORAG ADLON SENIOR LOAN OFFICER 125202 0 8116 0 0 0 6721 0 11248 0 151287 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CFO CONDUCTS AN INITAL REVIEW OF THE FORM 990 PREPARED BY THE CPA. THEN, A DRAFT IS SUBMITTED TO THE BOARD PRIOR TO FILING FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. IF A VOTE IS REQUIRED AND ANY MEMBER HAS A CONFLICT, THEN THAT MEMBER ABSTAINS FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, THE BOARD DISCUSSES OVERALL EMPLOYEE PERFORMANCE AND THE PRESIDENT/CEO DETERMINES EMPLOYEE COMPENSATION. THE BOARD HOLDS A CLOSED MEETING TO EVALUATE THE EXECUTIVE DIRECTOR'S PERFORMANCE AND PAY INCREASE. COMPARABILITY DATA IS USED TO ASSIST WITH COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS WILL BE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCOME FROM PASSTHROUGHS - K-1'S RECEIVED 81,203. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE AUDIT. THE PROCESSES USED BY THIS COMMITTEE HAVE NOT CHANGED FROM PREVIOUS YEARS. CITYWIDE CINCINNATI DEVELOPMENT FUND 7 LLC 1224 RACE STREET CINCINNATI OH 45202 462649143 REAL ESTATE DEVELOPMENT OH 0 0 CITYWIDE CINCINNATI DEVELOPMENT FUND 8 LLC 1224 RACE STREET CINCINNATI OH 45202 462654460 REAL ESTATE DEVELOPMENT OH 0 0 CITYWIDE CINCINNATI DEVELOPMENT FUND 9 LLC 1224 RACE STREET CINCINNATI OH 45202 462667617 REAL ESTATE DEVELOPMENT OH 0 0 BUILD CINCINNATI DEVELOPMENT FUND 1224 RACE STREET CINCINNATI OH 45202 272188750 LENDING OH 0 0 CITYWIDE CINCINNATI DEVELOPMENT FUND 10 LLC 1224 RACE STREET CINCINNATI OH 45202 462682707 REAL ESTATE DEVELOPMENT OH 0 0 CITYWIDE CINCINNATI DEVELOPMENT FUND 11 LLC 1224 RACE STREET CINCINNATI OH 45202 462693468 REAL ESTATE DEVELOPMENT OH N/A RELATED 30 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 12 LLC 1224 RACE STREET CINCINNATI OH 45202 462705598 REAL ESTATE DEVELOPMENT OH N/A RELATED 2 667 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 13 LLC 1224 RACE STREET CINCINNATI OH 45202 474959267 REAL ESTATE DEVELOPMENT OH N/A RELATED 3 1461 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 14 LLC 1224 RACE STREET CINCINNATI OH 45202 474967937 REAL ESTATE DEVELOPMENT OH N/A RELATED 17 906 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 15 LLC 1224 RACE STREET CINCINNATI OH 45202 474975039 REAL ESTATE DEVELOPMENT OH N/A RELATED 15 1214 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 17 LLC 1224 RACE STREET CINCINNATI OH 45202 475000868 REAL ESTATE DEVELOPMENT OH N/A RELATED -2 768 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 18 LLC 1224 RACE STREET CINCINNATI OH 45202 475030540 REAL ESTATE DEVELOPMENT OH N/A RELATED 1256 0 0 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 19 LLC 1224 RACE STREET CINCINNATI OH 45202 814520430 REAL ESTATE DEVELOPMENT OH N/A RELATED 1 980 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 20 LLC 1224 RACE STREET CINCINNATI OH 45202 814537459 REAL ESTATE DEVELOPMENT OH N/A RELATED 3 343 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 21 LLC 1224 RACE STREET CINCINNATI OH 45202 814544838 REAL ESTATE DEVELOPMENT OH N/A RELATED 5 770 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 22 LLC 1224 RACE STREET CINCINNATI OH 45202 814566655 REAL ESTATE DEVELOPMENT OH N/A RELATED -1 675 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 23 LLC 1224 RACE STREET CINCINNATI OH 45202 814576347 REAL ESTATE DEVELOPMENT OH N/A RELATED 29 970 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 24 LLC 1224 RACE STREET CINCINNATI OH 45202 814589530 REAL ESTATE DEVELOPMENT OH N/A RELATED 1 975 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 25 LLC 1224 RACE STREET CINCINNATI OH 45202 814606971 REAL ESTATE DEVELOPMENT OH N/A RELATED 1 488 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 26 LLC 1224 RACE STREET CINCINNATI OH 45202 814618933 REAL ESTATE DEVELOPMENT OH N/A RELATED 5 390 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 27 LLC 1224 RACE STREET CINCINNATI OH 45202 814628754 REAL ESTATE DEVELOPMENT OH N/A RELATED -1 971 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 28 LLC 1224 RACE STREET CINCINNATI OH 45202 814646250 REAL ESTATE DEVELOPMENT OH N/A RELATED -1 783 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 29 LLC 1224 RACE STREET CINCINNATI OH 45202 825058411 REAL ESTATE DEVELOPMENT OH N/A RELATED -1 489 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 30 LLC 1224 RACE STREET CINCINNATI OH 45202 825353967 REAL ESTATE DEVELOPMENT OH N/A RELATED 3 835 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 31 LLC 1224 RACE STREET CINCINNATI OH 45202 825370349 REAL ESTATE DEVELOPMENT OH N/A RELATED 15 792 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 32 LLC 1224 RACE STREET CINCINNATI OH 45202 825381851 REAL ESTATE DEVELOPMENT OH N/A RELATED 2 593 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 35 LLC 1224 RACE STREET CINCINNATI OH 45202 825438054 REAL ESTATE DEVELOPMENT OH N/A RELATED -48 374 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 36 LLC 1224 RACE STREET CINCINNATI OH 45202 825457595 REAL ESTATE DEVELOPMENT OH N/A RELATED -1 493 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 37 LLC 1224 RACE STREET CINCINNATI OH 45202 851695713 REAL ESTATE DEVELOPMENT OH N/A RELATED 10 594 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 38 LLC 1224 RACE STREET CINCINNATI OH 45202 851718391 REAL ESTATE DEVELOPMENT OH N/A RELATED 3 793 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 39 LLC 1224 RACE STREET CINCINNATI OH 45202 851734368 REAL ESTATE DEVELOPMENT OH N/A RELATED 794 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 40 LLC 1224 RACE STREET CINCINNATI OH 45202 851757210 REAL ESTATE DEVELOPMENT OH N/A RELATED 3 695 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 41 LLC 1224 RACE STREET CINCINNATI OH 45202 851785987 REAL ESTATE DEVELOPMENT OH N/A RELATED 6 396 0 0 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 42 LLC 1224 RACE STREET CINCINNATI OH 45202 851812376 REAL ESTATE DEVELOPMENT OH N/A RELATED 496 0 1 0.00010 CITYWIDE CINCINNATI DEVELOPMENT FUND 43 1224 RACE STREET CINCINNATI OH 45202 851844148 REAL ESTATE DEVELOPMENT OH N/A RELATED 499 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0