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
No grants recorded for .
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 |
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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