Walnut Hills Redevelopment Foundation Inc
- Assets
- $7.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Cincinnati, OH
- Founding
- 07/1978
- Data as of
- 12/2021
- EIN
- 31-0921713
Organization Overview
Walnut Hills Redevelopment Foundation Inc is located in Cincinnati, OH. The organization was established in 1978. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Walnut Hills Redevelopment Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut Hills Redevelopment Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Walnut Hills Redevelopment Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $9.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WALNUT HILLS REDEVELOPMENT FOUNDATION WE ARE A NON-PROFIT COMMUNITY DEVELOPMENT CORPORATION WORKING TO ENHANCE THE QUALITY OF LIFE IN WALNUT HILLS. VISION: A WALNUT HILLS THAT IS VIBRANT, SAFE, HEALTHY, AND INCLUSIVE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE INFASTRUCTURE OF BUSINESSES IN WALNUT HILLS BY GRANTING FUNDS TO BUSINESSES AND BUSINESS OWNERS IN THE NEIGHBORHOOD
IMPROVEMENT OF NEIGHBORHOOD SAFETY, BEAUTIFICATION, BUSINESS DEVELOPMENT AND COHESIVE COMMUNITY. INCLUDES THE MANAGEMENT AND DEVELOPMENT OF SAFE DECENT HOUSING IN THE NEIGHBORHOOD.
LOW-INCOME HOUSING TAX CREDIT PROPERTY IN THE WALNUT HILLS NEIGHBORHOOD
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Reeves Executive Director | Officer | 40 | $74,950 |
Terri Martin Secretary | OfficerTrustee | 5 | $0 |
Jena Bradley President | OfficerTrustee | 5 | $0 |
Alena Speed Treasurer | OfficerTrustee | 5 | $0 |
Kathryn Gibbons Trustee | Trustee | 1 | $0 |
Matt Cuff Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $64,065 |
| Related organizations | $0 |
| Government grants | $153,514 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,298 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,877 |
| Total Program Service Revenue | $626,045 |
| Investment income | $3,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,751 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,025,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,090 |
| Compensation of current officers, directors, key employees. | $6,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,540 |
| Pension plan accruals and contributions | $1,726 |
| Other employee benefits | $5,044 |
| Payroll taxes | $10,491 |
| Fees for services: Management | $40,421 |
| Fees for services: Legal | $28,297 |
| Fees for services: Accounting | $64,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,205 |
| Advertising and promotion | $0 |
| Office expenses | $23,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $177,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,259 |
| Insurance | $46,769 |
| All other expenses | $8,127,685 |
| Total functional expenses | $9,001,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $526,784 |
| Savings and temporary cash investments | $229,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,207 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,861 |
| Net Land, buildings, and equipment | $2,060,595 |
| Investments—publicly traded securities | $3,931 |
| Investments—other securities | $0 |
| Investments—program-related | $4,492,385 |
| Intangible assets | $0 |
| Other assets | $4,507 |
| Total assets | $7,399,538 |
| Accounts payable and accrued expenses | $167,328 |
| Grants payable | $0 |
| Deferred revenue | $2,407 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,125,616 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $147,432 |
| Total liabilities | $5,442,783 |
| Net assets without donor restrictions | $1,788,734 |
| Net assets with donor restrictions | $168,021 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,399,538 |
Grants Awarded
Over the last fiscal year, Walnut Hills Redevelopment Foundation Inc has awarded $23,986 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PLATTE ARCHITECTURE PURPOSE: business development | $10,061 |
TREVARRAN FLATS MASTER TENANT LLC PURPOSE: Business development | $7,000 |
JACK'S GLASS PURPOSE: Business development | $6,925 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Walnut Hills Redevelopment Foundation Inc has recieved totaling $229,185.
| Awarding Organization | Amount |
|---|---|
Homebase Cincinnati Cincinnati, OH PURPOSE: OPERATING & GENERAL | $73,094 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: OPERATING SUPPORT 2021-2022 | $65,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $60,000 |
In Our Backyards Inc Brooklyn, NY PURPOSE: FUNDING FOR INSIDE WALNUT HILLS | $27,470 |
Related Affordable Foundation Inc New York, NY PURPOSE: COMMUNITY MEAL AND HOLIDAY DRIVE | $3,497 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |