2026-01-29T13:05:19-06:00 2025-03-31 310800053 CLARK SCHAEFER HACKETT & CO 1 EAST 4TH STREET CINCINNATI OH 45202 990 2024-04-01 311256064 CINCINNATI DEVELOPMENT FUND CINC 5137217211 1818 RACE STREET SUITE 401 CINCINNATI OH 45202 JENNIFER LARKINS CFO 5137217211 2026-01-15 1 0 NATOSHA CARR P01225377 5132413111 2026-01-15 2024 2025-03-06 01:10:19Z X JOE HUBER 1818 RACE STREET SUITE 401 CINCINNATI OH 45202 22265128 0 X WWW.CINDEVFUND.ORG X 1988 OH TO STRENGTHEN UNDERSERVED NEIGHBORHOODS AND IMPROVE LIVES THROUGH INNOVATIVE FINANCING. 15 15 17 20 0 0 11608231 12330365 6071100 6164254 807865 1481469 -77726 -14632 18409470 19961456 0 0 0 0 2314010 2804888 0 0 95023 11105574 14208940 13419584 17013828 4989886 2947628 89298579 101598029 54707758 64037946 34590821 37560083 X TO STRENGTHEN UNDERSERVED NEIGHBORHOODS AND IMPROVE LIVES THROUGH INNOVATIVE FINANCING. 0 0 15609520 6149662 CINCINNATI DEVELOPMENT FUND (CDF) IS A COMMUNITY DEVEOPMENT FINANCIAL INSTITUTION (CDFI) ESTABLISHED IN 1988 TO FINANCE AFFORDABLE HOUSING DEVELOPMENT AND COMMUNITY REVITALIZATION IN THE GREATER CINCINNATI AREA. CDF'S MISSION IS TO STRENGTHEN UNDERSERVED NEIGHBORHOODS AND IMPROVE LIVES THROUGH INNOVATIVE FINANCING.OVER THE PAST 37 YEARS, LOCAL FINANCIAL INSTITUTIONS, FOUNDATIONS, SOCIALLY MOTIVATED INVESTORS, AND LOCAL AND FEDERAL GOVERNMENTS HAVE ALL CONTRIBUTED TO CDF'S SOURCES OF CAPITAL. THESE ORGANIZATIONS INVEST IN CDF BECAUSE OF OUR EXPERTISE IN EVALUATING COMPLEX LOAN APPLICATIONS WITH MULTIPLE FINANCING SOURCES. THIS EXPERIENCE MAKES IT EASIER AND MORE COST-EFFECTIVE FOR THESE ORGANIZATIONS TO INVEST IN THE COMMUNITY. CDF HAS ORIGINATED OVER $580 MILLION IN LOANS RESULTING IN THE CREATION OF MORE THAN 9,000 UNITS OF HOUSING. CDF FOCUSES ON LENDING IN LOW INCOME COMMUNITIES WHERE NEED AND IMPACT ARE THE GREATEST.CDF IS AN EQUAL OPPORTUNITY PROVIDER. 15609520 1 1 0 0 0 0 0 0 1 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 27 0 1 17 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JENNIFER LARKINS 5137217211 1818 RACE STREET SUITE 401 CINCINNATI OH 45202 KIMBERLY MAUER BOARD CHAIR 2.00 X X 0 0 0 SUSAN THOMAS VICE CHAIR 2.00 X X 0 0 0 KEVIN COONEY TREASURER 2.00 X X 0 0 0 KATHLEEN SCHWAB SECRETARY 2.00 X X 0 0 0 DORA ANIM TRUSTEE 1.00 X 0 0 0 DOUG BURGESS TRUSTEE 1.00 X 0 0 0 GARY D PAINTER TRUSTEE 1.00 X 0 0 0 JOE HANSBAUER TRUSTEE 1.00 X 0 0 0 KEVIN HUGHES TRUSTEE 1.00 X 0 0 0 MARGARET MOERTL TRUSTEE 1.00 X 0 0 0 JESSICA POWELL TRUSTEE 1.00 X 0 0 0 MURRAY SINCLAIRE TRUSTEE 1.00 X 0 0 0 ROBIE SUGGS TRUSTEE 1.00 X 0 0 0 SCOTT TAYLOR TRUSTEE 1.00 X 0 0 0 DANIELLE WILSON TRUSTEE 1.00 X 0 0 0 JOSEPH HUBER PRESIDENT & CEO 40.00 X 269015 0 49501 LUKE BLOCHER GEN. COUNSEL/CHIEF STRATEGY OFFICER 40.00 X 242130 0 48674 KELLY CLEMENTS CHIEF LENDING OFFICER 40.00 X 134402 0 16700 JENNIFER LARKINS CHEIF FINANCIAL OFFICER 40.00 X 209607 0 46411 MORAG ADLON SENIOR LOAN OFFICER 40.00 X 154040 0 21787 SARA SHEETS EMPLOYEE 40.00 X 132874 0 42964 JAKE GRAY CREDIT RISK MANAGER 40.00 X 114581 0 32170 ANGELA RATLIFF PORTFOLIO MANAGER 40.00 X 102028 0 6615 JOHN REISER SENIOR LOAN & PROGRAMS OFFICER 40.00 X 105209 0 40743 1463886 0 305565 9 0 1 0 NOVOGRADAC PO BOX 7833 SAN FRANCISCO CA 74120 AUDIT AND TAX SERVICES 284500 FROST BROWN TODD LLP PO BOX 5716 CINCINNATI OH 452015716 LEGAL SERVICES 196509 2 12324810 5555 12330365 LOAN INTEREST INCOME 900001 5234383 5234383 SERVICING FEE 900001 929871 929871 6164254 1340141 1340141 2445000 2303672 141328 141328 141328 OTHER INCOME 900099 7002 7002 INCOME FROM K-1: CITYWIDE CINCINN 900001 58 58 INCOME FROM K-1: CITYWIDE CINCINN 900001 45 45 -21737 -21737 -14632 19961456 6149622 0 1481469 1192267 823175 362972 6120 1220414 842608 371540 6266 65643 45322 19984 337 162606 112268 49503 835 163958 113201 49915 842 111374 111374 54400 54400 134001 128545 5456 48746 33656 14786 304 143344 98969 43480 895 92638 63960 28099 579 141638 97791 42962 885 45103 31140 13681 282 644834 644834 15871 2780 13065 26 PROVISION FOR LOAN LOSS 8247643 8247643 PROGRAM EXPENSES 4192524 4192524 PROGRAM NMTC EXPENSE 320410 248316 72094 OTHER 16414 11333 4979 102 17013828 15609520 1309285 95023 279261 4325 28698324 33794201 794531 837247 41253767 50172926 79779 83721 740903 214906 12865 525997 4094421 5665769 5136604 1174547 8949027 9339296 89298579 101598029 565271 554536 23453125 30933224 357451 382410 30189186 31608038 142725 559738 54707758 64037946 X 34590821 37560083 34590821 37560083 89298579 101598029 X 2947628 21634 X X 0 1 X 1 1 1 X 2300545 1177267 4981277 11608231 12330365 32397685 5154787 5375870 5185003 5993374 6149622 27858656 7455332 6553137 10166280 17601605 18479987 60256341 0 221820 245877 54203 521900 221820 245877 54203 521900 59734441 172280 196679 228121 705805 1340141 2643026 172280 196679 228121 705805 1340141 2643026 7627612 6749816 10394401 18307410 19820128 62899367 0.94970 0.94880 0.04200 0.03040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 441432 81061 360371 251307 85681 165626 48164 48164 0 525997 MARKETABLE SECURITIES 5665769 F 5665769 MINI PERMANENT LOAN FUND 8809607 RIGHT OF USE ASSETS 529689 9339296 LEASE LIABILITIES CURRENT 175333 LEASE LIABILITIES NON-CURRENT 384405 559738 X 19326412 -656678 -656678 19983090 -21634 -21634 19961456 16357150 0 16357150 656678 656678 17013828 PART IV, LINE 2B: AMOUNTS HELD IN ESCROW ARE FOR REAL ESTATE TAXES AND INSURANCE. THESE AMOUNTS ARE SEGREGATED AS RESTRICTED ASSETS. PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") HAS ISSUED GUIDANCE WHICH CLARIFIES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE RELATING TO UNCERTAIN TAX POSITIONS. THIS GUIDANCE CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S INCOME TAX RETURNS. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S POLICY WITH REGARD TO INTEREST AND PENALTIES IS TO RECOGNIZE INTEREST THROUGH INTEREST EXPENSE AND PENALTIES THROUGH OTHER EXPENSE. IN EVALUATING THE ORGANIZATION'S TAX PROVISION AND TAX EXEMPT STATUS, INTERPRETATIONS AND TAX PLANNING STRATEGIES WERE CONSIDERED. THE ORGANIZATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON THE CURRENT FACTS AND CIRCUMSTANCES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INCOME ON THE AFS -644,834. AMORTIZATION EXPENSES -11,844. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS FROM INVESTMENTS IN PARTNERSHIPS NOT REFLECTED ON THE AFS -21,634. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INCOME ON THE AFS 644,834. AMORTIZATION EXPENSES 11,844. X X X 0 0 0 0 0 0 0 0 0 JOSEPH HUBER PRESIDENT & CEO 238490 0 30525 0 0 0 13589 0 35912 0 318516 0 0 0 LUKE BLOCHER GEN. COUNSEL/CHIEF STRATEGY OFFICER 214605 0 27525 0 0 0 12559 0 36115 0 290804 0 0 0 JENNIFER LARKINS CHEIF FINANCIAL OFFICER 181829 0 27778 0 0 0 10983 0 35428 0 256018 0 0 0 SARA SHEETS EMPLOYEE 121750 0 11124 0 0 0 7097 0 35867 0 175838 0 0 0 MORAG ADLON SENIOR LOAN OFFICER 138428 0 15612 0 0 0 7760 0 14027 0 175827 0 0 0 KELLY CLEMENTS CHIEF LENDING OFFICER 133830 0 572 0 0 0 6794 0 9906 0 151102 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CFO CONDUCTS AN INITAL REVIEW OF THE FORM 990 PREPARED BY THE CPA. THEN, A DRAFT IS SUBMITTED TO THE BOARD PRIOR TO FILING FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. IF A VOTE IS REQUIRED AND ANY MEMBER HAS A CONFLICT, THEN THAT MEMBER ABSTAINS FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, THE BOARD DISCUSSES OVERALL EMPLOYEE PERFORMANCE AND THE PRESIDENT/CEO DETERMINES EMPLOYEE COMPENSATION. THE BOARD HOLDS A CLOSED MEETING TO EVALUATE THE EXECUTIVE DIRECTOR'S PERFORMANCE AND PAY INCREASE. COMPARABILITY DATA IS USED TO ASSIST WITH COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS WILL BE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCOME FROM PASSTHROUGHS - K-1'S RECEIVED 21,634. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE AUDIT. THE PROCESSES USED BY THIS COMMITTEE HAVE NOT CHANGED FROM PREVIOUS YEARS. 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