Alloy Development Co Inc
- Assets
- $4.7m
- Revenue
- $7.8m
- Investments
- $63.8k
- Employees
- 24
- Location
- Cincinnati, OH
- Founding
- 06/1988
- Data as of
- 09/2021
- 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 09/2021, Alloy Development Co Inc employed 24 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 09/2021, Alloy Development Co Inc generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $7.5m during the year ending 09/2021. While expenses have increased by 17.3% per year over the past 6 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 922 individual grants totaling $8,157,436. 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Young Vice President/lending Dir | Officer | 40 | $191,156 |
Patrick Longo President | Officer | 25 | $182,983 |
Harry Blanton Vice President/ed Director | Officer | 40 | $167,678 |
Catherine Fitzgerald Senior Director | 40 | $115,302 | |
Michael J Crowe Loan Officer | 40 | $110,013 | |
Jonathan Main Director Of Loan Operation | 40 | $109,598 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,964,013 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,964,013 |
| Total Program Service Revenue | $2,817,801 |
| Investment income | $5,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,335 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,810,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,964,013 |
| 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. | $735,093 |
| Compensation of current officers, directors, key employees. | $161,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $988,790 |
| Pension plan accruals and contributions | $48,590 |
| Other employee benefits | $122,845 |
| Payroll taxes | $116,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,534 |
| Fees for services: Accounting | $22,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,838 |
| Advertising and promotion | $55,433 |
| Office expenses | $24,547 |
| Information technology | $7,478 |
| Royalties | $0 |
| Occupancy | $75,541 |
| Travel | $9,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,304 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,978 |
| Insurance | $30,331 |
| All other expenses | $0 |
| Total functional expenses | $7,549,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,566,548 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $433,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $646,821 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,250 |
| Net Land, buildings, and equipment | $991,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $63,837 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,726,609 |
| Accounts payable and accrued expenses | $388,404 |
| Grants payable | $0 |
| Deferred revenue | $75,441 |
| 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 | $683,350 |
| Other liabilities | $115,552 |
| Total liabilities | $1,262,747 |
| Net assets without donor restrictions | $3,427,177 |
| Net assets with donor restrictions | $36,685 |
| 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 | $4,726,609 |
Grants Awarded
Over the last fiscal year, Alloy Development Co Inc has awarded $4,787,514 in support to 518 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD LOOKS SALON INC PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
EMERGE ACADEMY LLC PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
ALIAS IMAGING LLC PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
IDC AL WILLIAMS JR PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
LANG PHOTOGRAPHY INC PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
CRE8IVE HANDZ BEAUTY BAR PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Mountainheart Community Servces Inc Oceana, WV | $5,735,709 | $13,660,570 |
West Ohio Community Action Partnership Lima, OH | $6,981,623 | $15,279,840 |
Community Action Program Commission Of The Lancaster-Fairfield County Lancaster, OH | $11,087,648 | $12,770,614 |
University City District Philadelphia, PA | $9,386,670 | $9,712,200 |