Community Improvement Corporation of Cuyahoga Falls
The Community Improvement Corporation of Cuyahoga Falls was formed in july 1970 and incorporated as a corporation not-for-profit under title xvii, chapters 1702 and 1724 of the Ohio revised code. The stated purpose of the corporation is to advance, encourage, and promote the industrial, commercial, civic, and economic development of the city of cuyahoga falls, Ohio under applicable sections of the Ohio revised code. The corporation provides "gap" financial assistance to eligible businesses in the city of cuyahoga falls. Financial assistance is provided to for- profit organizations that are ineligible for financing through traditional lending institutions. The cic financing will not exceed 30% of the organization's total project expenses. The funding is used for the purchase of equipment and/or assets for the business. Assistance is provided in increments between 50,000-100,000, depending on the needs of the business. Payments are deferred for the first year of financing and then amorti
Community Improvement Corporation of Cuyahoga Falls at a glance
In short: Community Improvement Corporation of Cuyahoga Falls gave $55K across 1 grant in 2025 (avg $55K), mostly in Ohio. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $55,000
- Grants made (2025)
- 1
- Average grant
- $55,000
- Median grant
- $55,000
- Total assets
- $2,102,044
- -4.2% vs 2024
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated November 2026.
Who Community Improvement Corporation of Cuyahoga Falls funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was City of Cuyahoga Falls ($55K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $2K (2021) to $55K (2025). In 2025 it made 1 grant totaling $55K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Cuyahoga Falls Cuyahoga Falls, OH | Community Improvemen | $55,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,102,044 | $41,718 | $75,394 | $55,000 | 1 | $29,552 |
| 2024 | $2,193,953 | $440,227 | $151,640 | — | — | $40,347 |
| 2023 | $2,107,150 | $1,963,946 | $790,360 | — | — | $47,241 |
| 2022 | $2,066,815 | $2,062,563 | $66,760 | — | — | $3,217 |
| 2021 | $71,992 | $19,895 | $91,287 | $1,500 | Total only | — |
| 2020 | $145,918 | $24,736 | $23,026 | — | — | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Community Improvement Corporation of Cuyahoga Falls
Based on IRS filings
Community Improvement Corporation of Cuyahoga Falls is a public charity, based in Cuyahoga Falls, OH. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.1M in total assets. In 2025, it awarded 1 grant totaling $55K. Net investment income was $30K.
Leadership & Key People
Officers and directors from IRS filings
Community Improvement Corporation of Cuyahoga Falls is led by Don Walters, President on every filing since 2020; none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Don Walters
President
On filings since 2020
1 hr/week
No compensation reported
Aaron Barnhart
Trustee
On filings since 2020
1 hr/week
No compensation reported
Anthony Zumbo
Trustee
On filings since 2020
1 hr/week
No compensation reported
Bryan Hoffman
Trustee
On filings since 2020
1 hr/week
No compensation reported
James West
Trustee
On filings since 2020
1 hr/week
No compensation reported
Janet Ciotola
Trustee
On filings since 2020
1 hr/week
No compensation reported
Paul Testa
Trustee
On filings since 2020
1 hr/week
No compensation reported
Diana Colavecchio
Vice President
On filings since 2020
1 hr/week
No compensation reported
Lori Jones
Secretary
On filings since 2020
1 hr/week
No compensation reported
Mary Spaugy
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Russ Balthis (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Community Improvement Corporation of Cuyahoga Falls
How much does Community Improvement Corporation of Cuyahoga Falls give each year?
Community Improvement Corporation of Cuyahoga Falls gave $55K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Community Improvement Corporation of Cuyahoga Falls?
Community Improvement Corporation of Cuyahoga Falls reported $2.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $42K.
Where does Community Improvement Corporation of Cuyahoga Falls operate?
Community Improvement Corporation of Cuyahoga Falls has awarded grants in Ohio.
What is Community Improvement Corporation of Cuyahoga Falls's EIN?
Community Improvement Corporation of Cuyahoga Falls's EIN (Employer Identification Number) is 34-1719633. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS October 20, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS September 14, 2026)
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