County Corp Development
- Assets
- $5.8m
- Revenue
- $182.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 08/1985
- Data as of
- 09/2021
- EIN
- 31-1023724
Organization Overview
County Corp Development is located in Dayton, OH. The organization was established in 1985. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. County Corp Development 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 09/2021, County Corp Development generated $182.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $264.8k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 6 years. 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
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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. CLOSED 0 LOANS DURING THE FISCAL YEAR.ADMINISTERED LOANS TO AFFORDABLE MULTI-FAMILY HOUSING PROJECTS FOR MONTGOMERY COUNTY, OHIO. DEVELOPED AND ADMINISTERED OTHER BUSINESS LOAN PROGRAMS, INCLUDING THE DAY CARE PROGRAM. THE ORGANIZATION SERVICED 1 DAY CARE LOAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Ratliff Chair (oct-Jan)/imm. Past Chair (jan-Sept) | OfficerTrustee | 2 | $0 |
Clinton Morton Secretary | OfficerTrustee | 2 | $0 |
Eric Cluxton Ttee. (oct-Jan)/v. Chair (jan-Sept) | OfficerTrustee | 2 | $0 |
David Dickerson Imm. Past Chair (oct-Jan)/ttee. (jan-Sept) | OfficerTrustee | 2 | $0 |
Daniel Davis V. Chair (oct-Jan)/chair (jan-Sept) | OfficerTrustee | 2 | $0 |
Scott Woods Ttee (oct-Jan)/treas. (jan-Sept) | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,428 |
| All other contributions, gifts, grants, and similar amounts not included above | $590 |
| Noncash contributions included in lines 1a–1f | $590 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,018 |
| Total Program Service Revenue | $133,666 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,968 |
| Fees for services: Accounting | $12,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,218 |
| Advertising and promotion | $103 |
| Office expenses | $22,873 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,268 |
| Travel | $3 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,223 |
| Insurance | $8,392 |
| All other expenses | $41 |
| Total functional expenses | $264,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $722,689 |
| Savings and temporary cash investments | $98,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $822,895 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,882 |
| Net Land, buildings, and equipment | $4,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,283 |
| Intangible assets | $0 |
| Other assets | $4,049,885 |
| Total assets | $5,777,042 |
| Accounts payable and accrued expenses | $113,850 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,049,885 |
| Total liabilities | $4,163,735 |
| Net assets without donor restrictions | $1,613,307 |
| Net assets with donor restrictions | $0 |
| 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 | $5,777,042 |
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