Alloy Development Co Inc
- Assets
- $5.5m
- Revenue
- $10.3m
- Investments
- $115.3k
- Employees
- 25
- Location
- Cincinnati, OH
- Founding
- 06/1988
- Data as of
- 09/2022
- EIN
- 31-1061640
Organization Overview
Alloy Development Co Inc is located in Cincinnati, OH. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Alloy Development Co Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alloy Development Co Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2022, Alloy Development Co Inc generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $10.2m during the year ending 09/2022. While expenses have increased by 19.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alloy Development Co Inc has awarded 1,415 individual grants totaling $13,274,190. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF ECONOMIC DEVELOPMENT IN HAMILTON COUNTY, THE GREATER CINCINNATI AREA, AND STATE OF OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECONOMIC DEVELOPMENT DIVISION SERVES AS A COMPREHENSIVE ECONOMIC DEVELOPMENT ENTITY IN HAMILTON COUNTY. THE DIVISION SEEKS TO IMPROVE THE ECONOMIC WELL-BEING OF THE COMMUNITIES AND BUSINESSES IT SERVES VIA ECONOMIC DEVELOPMENT PROGRAMMING.
THE COMMERCIAL CAPITAL DIVISION ASSISTS BUSINESSES VIA THE U.S. SMALL BUSINESS ADMINISTRATION CERTIFIED DEVELOPMENT COMPANY LOAN PROGRAM AND THE OHIO REGIONAL 166 LOAN PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Jackson Chair, Board Of Directors | OfficerTrustee | 1 | $0 |
Laurence Jones Vice Chair, Board Of Directors | OfficerTrustee | 1 | $0 |
Daniel Geeding Treasurer, Board Of Directors | OfficerTrustee | 1 | $0 |
Joe Huber Secretary, Board Of Directors | OfficerTrustee | 1 | $0 |
Beth Robinson Member, Board Of Directors | Trustee | 1 | $0 |
Brendan Burns Member, Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,122,061 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,186,466 |
| Total Program Service Revenue | $2,131,508 |
| Investment income | $4,278 |
| 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 | $10,336,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,001,880 |
| 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. | $1,019,563 |
| Compensation of current officers, directors, key employees. | $152,935 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,178,773 |
| Pension plan accruals and contributions | $51,527 |
| Other employee benefits | $55,457 |
| Payroll taxes | $133,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,436 |
| Fees for services: Accounting | $24,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,923 |
| Advertising and promotion | $120,412 |
| Office expenses | $42,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,582 |
| Travel | $42,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,707 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,934 |
| Insurance | $32,389 |
| All other expenses | $0 |
| Total functional expenses | $10,171,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,058,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $381,140 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $436,295 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,080 |
| Net Land, buildings, and equipment | $1,513,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $115,257 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,524,994 |
| Accounts payable and accrued expenses | $516,591 |
| Grants payable | $0 |
| Deferred revenue | $9,000 |
| 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 | $1,101,688 |
| Other liabilities | $217,343 |
| Total liabilities | $1,844,622 |
| Net assets without donor restrictions | $3,680,372 |
| 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 | $5,524,994 |
Grants Awarded
Over the last fiscal year, Alloy Development Co Inc has awarded $6,801,715 in support to 695 organizations.
| Grant Recipient | Amount |
|---|---|
122 E 6TH STREET LLC PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
12TH ST PILATES PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
1628 LTD PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
1819 ELM LLC PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
20 WEST BENSON LLC PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
223 W 9TH ST LLC DBA CINCINNATI SPANISH SCHOOL PURPOSE: FINANCIAL ASSISTANCE | $10,000 |