Development Fund of Western Reserve Inc
TO SERVE AND PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$6.7M
-3.6% YoY
Annual Giving
$555K
+164.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$555K
+164.3% YoY
About Development Fund of Western Reserve Inc
Based on IRS filings
Development Fund of Western Reserve Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in AKRON, OH. IRS filing data is available from 2019 through 2023. As of 2023, the organization holds $6.7M in total assets. In 2023, it awarded 1 grants totaling $555K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $6,695,086 | $6,942,255 | $5,924,727 |
| Revenue | $1,433,111 | $1,811,336 | $981,165 |
| Expenses | $1,523,921 | $987,951 | $731,252 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2023
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Western Reserve Community Fund Inc ($555,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WESTERN RESERVE COMMUNITY FUND INC AKRON, OH | THE GRANT FUNDS SHALL BE USED TO HELP FINANCE PROJECTS ORGANIZED TO SUPPORT FURTHER ECONOMIC DEVELOPMENT AND JOB CREATION IN NORTHEAST OHIO. | $555,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICIA MCKAY | MEMBER | — | — |
| CAMEO CAREY | MEMBER | — | — |
| ERIN WOJNO | SECRETARY | — | — |
| HARRY EADON | TREASURER | — | — |
| SARAH LOWN | MEMBER | — | — |
| JOE ROSSI | PRESIDENT | — | — |
| RACHEL BRIDENSTINE | EXECUTIVE DIRECTOR | 1 | — |
| CHAD MAYLE | CFO | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Development Fund of Western Reserve Inc?
Development Fund of Western Reserve Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in AKRON, OH. It holds $6.7M in total assets as of 2023.
How large is Development Fund of Western Reserve Inc?
As of 2023, Development Fund of Western Reserve Inc holds $6.7M in total assets with $1.4M in annual revenue. It awarded 1 grants totaling $555K in 2023.
Where does Development Fund of Western Reserve Inc operate?
Development Fund of Western Reserve Inc has awarded grants in Ohio.
What size grants does Development Fund of Western Reserve Inc award?
In 2023, Development Fund of Western Reserve Inc awarded 1 grants totaling $555K — an average of about $555K per grant, based on its IRS Form 990 filings.
What is Development Fund of Western Reserve Inc's EIN?
Development Fund of Western Reserve Inc's EIN (Employer Identification Number) is 45-2495397. IRS Form 990 filing data is available on this page for 2019–2023.
Explore Open Grants
Browse active grant opportunities in Development Fund of Western Reserve Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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