Ohio Community Development Finance Fund
Ohio Community Development Finance Fund (operating as Finance Fund) is a statewide nonprofit Community Development Financial Institution (CDFI) based in Columbus, Ohio. Established in 1987 and tax-exempt since March 1988, the organization bridges resources and low-income communities to improve quality of life. Finance Fund connects nonprofits and small businesses to capital, technical assistance, and resources through a variety of financing mechanisms and grant programs.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$72.9M
+0.8% YoY
Annual Giving
$1.6M
-38.8% YoY
Grant Count
18
-48.6% YoY
Avg Grant Size
$89K
+19.0% YoY
Mission & Focus Areas
Mission: Build bridges between resources and the low-and moderate-income community to improve the quality of life for people.
Finance Fund locates funding and provides resources to support organizations that assist low and moderate income families and communities. Primary focus areas include:
- Community Economic Development — Urban and rural economic development projects
- Housing Development — Affordable housing creation and preservation
- Small Business Support — Access to capital for small businesses in low-income areas
- Community Development — Neighborhood improvement and commercial revitalization projects
- Child Care Infrastructure — Real estate financing for child care facilities
Grantmaking
Finance Fund offers multiple grant and financing programs:
Grant Range
** Typical awards range from $6,700 to $1,074,000
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Geographic Focus
Where this funder awards grants
Statewide Ohio
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $72,870,501
- Total Revenues: $20,728,998
- Total Expenses: $17,612,857
- Total Giving: $13,903,013
- Staff: 19 employees
As of 2023:
- Total Assets: $72.3 million
- Total Revenues: $16.9 million
- Total Expenses: $7.09 million
- Total Liabilities: $2.26 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $72,870,501 | $72,269,615 | $61,485,006 |
| Revenue | $20,728,998 | $16,922,285 | $9,454,085 |
| Expenses | $17,612,857 | $7,086,220 | $4,300,762 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $59,636 | $97,662 | $30,661 |
| 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 10 recipients in 2024
Grant Size Distribution
121 grants across all recorded years
Open Grants
2 open opportunities from Ohio Community Development Finance Fund
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Diana Turoff — President & CEO (since 2016), bringing over 25 years of experience in housing, real estate, and finance leadership
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JERRY KATZ | CHAIR | 1 | — |
| RYAN MILLER | VICE CHAIR | 1 | — |
| PHILLIP SMITH | TREASURER | 1 | — |
| GREG KIGER | SECRETARY | 1 | — |
| MARY BURKE RIVERS | BOARD OF DIRECTORS | 1 | — |
| D R GOSSETT | BOARD OF DIRECTORS | 1 | — |
| SAMANTHA SHAFER | BOARD OF DIRECTORS | 1 | — |
| RANDY RUNYON | BOARD OF DIRECTORS | 1 | — |
| THOMAS WINSTON | BOARD OF DIRECTORS | 1 | — |
| BRIAN HEITKAMP | BOARD OF DIRECTORS | 1 | — |
| DIANA TUROFF | PRESIDENT AND CEO | 40 | $590,480 |
| ANDREW SWARY | EVP, GENERAL COUNSEL | 40 | $396,584 |
| MATT FRANK | CHIEF FINANCIAL OFFICER | 40 | $373,568 |
| JEFF MOHRMAN | EVP, REAL ESTATE | 40 | $533,000 |
Contact Information
Address: 175 South Third Street, Suite 1200, Columbus, Ohio 43215
Phone: (614) 221-1114 or (800) 959-2333
Email: info@financefund.org
Website: www.financefund.org
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Ohio Community Development Finance Fund on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities