Economic and Community Development
The Economic and Community Development Institute (ECDI) is a Columbus, Ohio-based 501(c)(3) nonprofit economic development organization founded in 2004. As the largest U.S. SBA intermediary micro-lender and a U.S. Treasury-designated Community Development Financial Institution (CDFI), ECDI operates as a financial services organization dedicated to economic and community development.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$77.4M
+4.0% YoY
Annual Giving
$16K
-90.2% YoY
Grant Count
1
-88.9% YoY
Avg Grant Size
$16K
-11.8% YoY
Mission & Focus Areas
ECDI's mission is to invest in people to create measurable and enduring social and economic change, serving as a catalyst for job creation in a non-conventional format.
Primary Program Areas:
Small Business Development Services: One-on-one technical assistance, business development training, and sector-specific business incubation programs. ECDI hosts four SBA Women's Business Centers.
Microfinance & Lending: Provides responsible, affordable small business loans ranging from $750 to $500,000 to entrepreneurs facing barriers to obtaining capital from traditional financial institutions.
Geographic Service Delivery: Operates offices in seven cities across Ohio, West Virginia, Kentucky, and Indiana.
Grantmaking
ECDI makes grants to support business development programming and community improvement initiatives.
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Geographic Focus
Where this funder awards grants
ECDI serves Ohio (primary focus with offices in Columbus, Cleveland, and Akron) and extends services to parts of West Virginia, Kentucky, and Indiana.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (Fiscal Year 2024):
- Total Assets: $77,366,197
- Total Revenues: $15,309,878
- Total Expenses: $13,447,130
- Total Giving: $229,909 (based on 2023 filing)
Historical Impact:
- Since 2004: Assisted over 32,000 individuals
- Disbursed over $158 million through over 6,000 loans
- Created and retained over 46,000 jobs
Staffing:
- 91 employees (as of 2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $77,366,197 | $74,364,076 | $78,355,876 |
| Revenue | $15,309,878 | $13,823,454 | $19,971,101 |
| Expenses | $13,447,130 | $12,852,039 | $15,928,240 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $159,307 | $5,427 | $617 |
| 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 2024
Grant Size Distribution
99 grants across all recorded years
Open Grants
2 open opportunities from Economic and Community Development
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Improvement Corporation of Belmont County ($15,667).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY IMPROVEMENT CORPORATION OF BELMONT COUNTY SAINT CLAIRSVILLE, OH | COLLABORATE WITH THE ORGANIZATION TO IMPLEMENT NEEDED BUSINESS DEVELOPMENT PROGRAMMING THAT IMPROVES THE ECONOMY IN THEIR COMMUNITIES AND TO INCREASE THE CAPACITY OF THE ORGANIZATION TO OFFER ADDITIONAL SMALL BUSINESS RESOURCES FOR THEIR RESIDENTS. | $15,667 |
Leadership & Key People
Leadership team and compensation from IRS filings
Inna Kinney - Chief Executive Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| INNA KINNEY | FOUNDER & CEO | 40 | $318,890 |
| STEVEN FIREMAN | PRESIDENT/SECRETARY | 40 | $369,534 |
| DARREN CHERRY | CHAIR/VOTING INDEPENDENT BOARD MEMBER | — | — |
| JEFFREY BULLER | TREASURER/VOTING INDEPENDENT BOARD MEMBER | — | — |
| MAGARET FERENCE | VOTING INDEPENDENT BOARD MEMBER | — | — |
| JOHN HRUSOVSKY II | VOTING INDEPENDENT BOARD MEMBER | — | — |
| MATHEW GLOVER | VOTING INDEPENDENT BOARD MEMBER | — | — |
| RODELL MCCULLOUGH | VOTING INDEPENDENT BOARD MEMBER | — | — |
| CARRIE ROSENFELT | VOTING INDEPENDENT BOARD MEMBER | — | — |
| ALICIA TOWNSEND | VOTING INDEPENDENT BOARD MEMBER | — | — |
| TARA CAMPBELL | VOTING INDEPENDENT BOARD MEMBER | — | — |
| JEFFERY PATTER | VOTING INDEPENDENT BOARD MEMBER | — | — |
| MAUREEN THOMAS | CFO | 40 | $215,183 |
| BRIAN BARRET | VP OF FINANCIAL MANAGEMENT | 40 | $111,798 |
| FONDA WILLIAMS | CHIEF GOV'T AFFAIRS AND ECONOMIC DEVELOPMENT OFFIC | 40 | $186,785 |
| JASMINE DIXON | VP OF BUSINESS GROWTH DEVELOPMENT / FUNDRAISING | 40 | $132,387 |
| ANNA PARLET | VP OF DEVELOPMENT | 40 | $118,586 |
| STEPHANIE MARIE VILLEGAS | VP OF LENDING & SALES | 40 | $113,816 |
Frequently Asked Questions
What does Economic and Community Development fund?
ECDI's mission is to invest in people to create measurable and enduring social and economic change, serving as a catalyst for job creation in a non-conventional format. **Primary Program Areas:** • **Small Business Development Services**: One-on-one technical assistance, business development training, and sector-specific business incubation programs. ECDI hosts four SBA Women's Business Centers. • **Microfinance & Lending**: Provides responsible, affordable small business loans ranging from $75…
How do I apply for a grant from Economic and Community Development?
ECDI makes grants to support business development programming and community improvement initiatives. **Recent Grant Activity:** • Fiscal year 2023: Disbursed 948 loans totaling more than $23.0 million • Grant recipients include the Department of Development of the Community Improvement Corporation for collaborative business development programming **Clientele Profile:** • Women: 52.7% • Minorities: 57.2% • Low-moderate income individuals: 47.7%
Where does Economic and Community Development make grants?
ECDI serves Ohio (primary focus with offices in Columbus, Cleveland, and Akron) and extends services to parts of West Virginia, Kentucky, and Indiana.
What size grants does Economic and Community Development award?
In 2024, Economic and Community Development awarded 1 grants totaling $16K — an average of about $16K per grant, based on its IRS Form 990 filings.
What is Economic and Community Development's EIN?
Economic and Community Development's EIN (Employer Identification Number) is 31-1145544. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Economic and Community Development's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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