2025-08-15T10:38:32-05:00 2024-12-31 351476702 BRADY WARE & SCHOENFELD INC 3601 RIGBY ROAD SUITE 400 DAYTON OH 45342 990 2024-01-01 310925683 DAYTON TECH TOWN INC DAYT 9378532529 8 N MAIN STREET DAYTON OH 45402 ROSALIE GEHRICH CHIEF FINANCIAL OFFICER 9372260457 2025-08-11 1 0 MARY T COLEGATE CPA P00197566 9372235247 2025-08-11 2024 2025-03-06 01:10:19Z ROSALIE GEHRICH 8 NORTH MAIN STREET DAYTON OH 45402 771609 0 X WWW.CITYWIDEDEV.COM X 1978 OH TO SUPPORT THE ATTRACTION AND GROWTH OF HIGH TECHNOLOGY BUSINESS INTO AND PROMOTE TECHNOLOGY COMMERCIALIZATION IN THE CITY OF DAYTON. 20 20 0 0 0 0 0 0 833090 716836 18130 54773 0 0 851220 771609 0 0 0 0 0 0 0 0 0 486282 519822 486282 519822 364938 251787 5025479 4417799 2962847 2103380 2062632 2314419 TO SUPPORT THE ATTRACTION AND GROWTH OF HIGH TECHNOLOGY BUSINESS INTO AND PROMOTE TECHNOLOGY COMMERCIALIZATION IN THE CITY OF DAYTON. 0 0 475333 716836 TECH TOWN IS WORKING WITH A DEFENSE CONTRACTOR TO CONSTRUCT A NEW FACILITY. THE FACILITY WOULD CONTAIN A UNIQUE LAB THAT WOULD ATTRACT OTHER TECH COMPANIES AND UNIVERSITIES. 475333 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROSALIE GEHRICH 9378532529 8 N MAIN STREET DAYTON OH 45402 DAVID MELIN CHAIRMAN 1.00 X X 0 0 0 DAVE DICKERSON TRUSTEE 1.00 X 0 0 0 FRANK FERRANTE TRUSTEE 1.00 X 0 0 0 SHELLEY DICKSTEIN TRUSTEE 1.00 X 0 0 0 STEVE GONDOL TRUSTEE 1.00 X 0 0 0 GINA MCFARLANE-EL TRUSTEE 1.00 X 0 0 0 KRISTIN FINCH TRUSTEE 1.00 X 0 0 0 FRANK PETRIE TRUSTEE 1.00 X 0 0 0 TERRI BETHEL VICE CHAIRMAN 1.00 X X 0 0 0 AMY RIEGEL TRUSTEE 1.00 X 0 0 0 KIYA PATRICK TRUSTEE 1.00 X 0 0 0 TODD PLEIMAN TREASURER 1.00 X X 0 0 0 MARK WILLIAMS TRUSTEE 1.00 X 0 0 0 JOSEPH GORDON TRUSTREE 1.00 X 0 0 0 KENA BROWN TRUSTEE 1.00 X 0 0 0 WALT HIBNER TRUSTEE 1.00 X 0 0 0 RODDELL MCCULLOUGH SECRETARY 1.00 X X 0 0 0 NIKOL MILLER TRUSTEE 1.00 X 0 0 0 BOB RUZINSKY TRUSTEE 1.00 X 0 0 0 STEVE SKERL TRUSTEE 1.00 X 0 0 0 ROSALIE GEHRICH CFO/ ASST TREASURER 1.00 40.00 X 0 168408 23732 DANIEL KANE PRESIDENT 1.00 40.00 X 0 220850 46542 KAREN DEMASI ASSISTANT SECRETARY 1.00 40.00 X 0 147456 19968 HEATHER CORBIN SBA DIRECTOR/SR BUSINESS D 1.00 40.00 X 0 156414 11823 SHANE WILKEN SENIOR BUSINESS DEVELOPMEN 1.00 40.00 X 0 142152 18344 0 835280 120409 0 0 1 0 0 RENTAL INCOME 531120 716836 716836 716836 54773 54773 771609 716836 0 54773 60514 16025 44489 424 424 1050 1050 5578 5578 2930 2930 13 13 133885 133885 12197 12197 REAL ESTATE COSTS 270796 270796 COMMISSION 29136 29136 APPRAISAL FEE 2900 2900 BANK FEES 399 399 519822 475333 44489 0 1115450 673765 445054 499827 3000 59245 29877 4024085 1644834 2513136 2379251 892594 832079 5025479 4417799 494507 32270 1355000 1225000 1113340 846110 2962847 2103380 X 2062632 2314419 2062632 2314419 5025479 4417799 251787 0 X X 0 1 X 1 0 4015322 1639147 2376175 8763 5687 3076 2379251 RECEIVABLE FROM AFFILIATE 832079 832079 NOTES PAYABLE 846110 846110 X PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - ACCOUNTING STANDARDS REQUIRE THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, IN THE COURSE OF PREPARING THE TAX RETURNS FOR CITYWIDE DEVELOPMENT CORP., TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THIS STATEMENT PROVIDES THAT TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED IN THE COMBINED FINANCIAL STATEMENTS ONLY WHEN IT IS "MORE-LIKELY-THAN-NOT" THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS AND CONSIDERATION OF ALL AVAILABLE INFORMATION. ONCE THE RECOGNITION THRESHOLD IS MET, THE PORTION OF THE TAX BENEFIT THAT IS RECORDED REPRESENTS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT CITYWIDE HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 OR 2023. 0 0 0 0 0 0 0 0 0 DANIEL KANE PRESIDENT 0 203350 0 17500 0 0 0 20646 0 25896 0 267392 0 0 ROSALIE GEHRICH CFO/ ASST TREASURER 0 155908 0 12500 0 0 0 13473 0 10259 0 192140 0 0 HEATHER CORBIN SBA DIRECTOR/SR BUSINESS D 0 154414 0 2000 0 0 0 11823 0 0 0 168237 0 0 KAREN DEMASI ASSISTANT SECRETARY 0 135456 0 12000 0 0 0 11796 0 8172 0 167424 0 0 SHANE WILKEN SENIOR BUSINESS DEVELOPMEN 0 137152 0 5000 0 0 0 11372 0 6972 0 160496 0 0 PART I, LINE 3 DANIEL KANE IS THE PRESIDENT OF CITYWIDE DEVELOPMENT CORPORATION, A RELATED ORGANIZATION DISCLOSED IN SCHEDULE R. HIS COMPENSATION IS DISCLOSED WITHIN THIS FORM 990 BECAUSE IT IS PAID BY CITYWIDE DEVELOPMENT CORPORATION. HE IS NOT PAID BY THIS ORGANIZATION. THE OTHER HIGHLY COMPENSATED EMPLOYEES REPORTED IN PART VII SECTION A OF THIS TAX RETURN ARE ALSO PAID BY CITYWIDE DEVELOPMENT CORPORATION NOT BY THIS ORGANIZATION. THEIR SALARY AND BENEFITS ARE ONLY REPORTED WITHIN THIS RETURN DUE TO THE RELATED PARTY RELATIONSHIP. COMPENSATION IS ESTABLISHED USING A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVERY OR STUDY. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT TO A RELATED NONPROFIT ORGANIZATION - CITY WIDE DEVELOPMENT CORPORATION. THEY HANDLE ALL ADMINISTRATIVE FUNCTIONS FOR THE ENTITY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT TO A RELATED NONPROFIT ORGANIZATION - CITY WIDE DEVELOPMENT CORPORATION. THEY HANDLE ALL ADMINISTRATIVE FUNCTIONS FOR THE ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION CONTRACTS WITH AN ACCOUNTING FIRM TO PREPARE THE INFORMATION RETURN, WHICH IS REVIEWED BY INTERNAL MANAGEMENT. INTERNAL MANAGEMENT FORWARDS A COPY OF THE RETURN TO AN OVERSIGHT COMMITTEE THAT APPROVES THE RETURN. THE BOARD IS PROVIDED A COPY OF THE APPROVED RETURN BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST POLICY WITH BOARD OF TRUSTEES ANNUALLY. DURING BOARD MEETINGS MEMBERS ARE ASKED IF THEY HAVE ANY CONFLICT OF INTEREST REGARDING ANY AGENDA ITEMS. IF SO, THEY DO NOT VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT PAY ANY COMPENSATION AND HAS DELEGATED CONTROL OVER MANAGEMENT TO A RELATED NONPROFIT ORGANIZATION - CITYWIDE DEVELOPMENT CORPORATION. CITYWIDE DEVELOPMENT CORPORATION PAYS ALL THE SALARIES AND WAGES. CITYWIDE DEVELOPMENT CORPORATION HAS A COMPENSATION COMMITTEE THAT REVIEWS THE EXECUTIVE SALARIES. THE COMMITTEE HIRES AN OUTSIDE CONSULTANT WHICH PROVIDED A COMPENSATION SURVEY. THE EXECUTIVES SALARIES GO THROUGH AN APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE PUBLIC CAN REVIEW THESE DOCUMENTS IN THE ORGANIZATION'S ADMINISTRATIVE OFFICE. FORM 990, PART VII SECTION A DANIEL KANE IS THE PRESIDENT OF CITY WIDE DEVELOPMENT CORPORATION, A RELATED ORGANIZATION DISCLOSED IN SCHEDULE R. HIS COMPENSATION IS DISCLOSED WITHIN THIS FORM 990 BECAUSE IT IS PAID BY CITY WIDE DEVELOPMENT CORPORATION. HE IS NOT PAID BY DAYTON TECH TOWN INC. THE OTHER HIGHLY COMPENSATED EMPLOYEES REPORTED IN PART VII SECTION A OF THIS TAX RETURN ARE ALSO PAID BY CITY WIDE DEVELOPMENT CORPORATION NOT BY DAYTON TECH TOWN, INC. THEIR SALARIES AND BENEFITS ARE ONLY REPORTED WITHIN THIS RETURN DUE TO THE RELATED PARTY RELATIONSHIP. CITYWIDE DEVELOPMENT CORP 8 N MAIN ST DAYTON OH 45402 310821189 STRENGTHEN DAYTON THROUGH STRATEGIC ECONOMIC AND COMMUNITY DEVELOPMENT OH 501(C)(4) CITYWIDE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CITYWIDE DEVELOPMENT CORPORATION N 10799 COST CITYWIDE DEVELOPMENT CORPORATION O 49716 COST