Ohio Community Development Finance Fund
Ohio Community Development Finance Fund, which operates as Finance Fund, is a Columbus, Ohio-based public charity working statewide. It connects low- and moderate-income communities with resources and capital, and supports community-based nonprofits and small businesses through grants, financing, and related services.
Ohio Community Development Finance Fund at a glance
In short: Ohio Community Development Finance Fund gave $1.6M across 18 grants in 2024 (avg $89K), mostly in Ohio. 33% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,607,014
- -38.8% vs 2023
- Grants made (2024)
- 18
- -48.6% vs 2023
- Average grant
- $89,279
- +19.0% vs 2023
- Median grant
- $50,000
- Total assets
- $72,870,501
- +0.8% vs 2023
- New grantees (estimate)
- 33% first-time grantees (5 of 15, 2024; small sample)
- Primary geography
- Ohio (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Ohio Community Development Finance Fund
- Contact
Mailing address: 366 E Broad St 101, Columbus, OH 43215
Phone: (614) 221-1114
Website: https://financefund.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
2 open opportunities from Ohio Community Development Finance Fund
Who Ohio Community Development Finance Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Finance Fund Capital Corporation ($540K). Together the top 10 received $1.5M.
Grant Size Distribution
121 grants across all recorded years
The most common grant size was under $50K: 76 grants of 121 (63%).
Geographic Focus
Where this funder awards grants
Finance Fund’s grant programs serve low- and moderate-income communities across Ohio. The 2024 grants listed were entirely to Ohio recipients.
Grant Distribution by State
Share of 2024 grant dollars across all 18 itemized grants.
States
Cities
Is Ohio Community Development Finance Fund open to new grantees?
33%
first-time grantees, 2024
In 2024, 5 of 15 grantees (33%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $84K; repeat grants $119K. How we count
Medians: $75K first-time, $50K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $885K (2020) to $2.6M (2023). In 2024 it made 18 grants totaling $1.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Finance Fund Capital Corporation Columbus, OH | OTHER | $540,000 |
| Detroit Shoreway Community Dev Cleveland, OH | Economic Development | $150,000 |
| The Refugee Response Cleveland, OH | Economic Development | $146,500 |
| Solon Community Living Inc Solon, OH | Economic Development | $100,000 |
| Medina Creative Housing Medina, OH | Economic Development | $100,000 |
| Franklinton Rising Hilliard, OH | Economic Development | $100,000 |
| Cleveland Print Room Cleveland, OH | Economic Development | $75,000 |
| Yellow Springs Home Inc Yellow Springs, OH | Predevelopment | $50,000 |
| Medina Creative Housing Medina, OH | Predevelopment | $50,000 |
| Columbus Housing Partnership Columbus, OH | Predevelopment | $50,000 |
Ready to take the next step with Ohio Community Development Finance Fund?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $72,870,501 | $20,728,998 | $17,612,857 | $1,607,014 | 18 | $59,636 |
| 2023 | $72,269,615 | $16,922,285 | $7,086,220 | $2,625,710 | 35 | $97,662 |
| 2022 | $61,485,006 | $9,454,085 | $4,300,762 | $931,704 | 23 | $30,661 |
| 2021 | $57,278,842 | $7,712,446 | $4,276,782 | $946,485 | 24 | $-375,027 |
| 2020 | $53,094,273 | $11,426,639 | $4,245,151 | $884,782 | 21 | $98,086 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
Finance Fund’s stated mission is to build bridges between resources and the low- and moderate-income community to improve quality of life. Its programs include grants for affordable housing development and projects that create permanent private-sector jobs, along with financing for housing and economic projects, small businesses, nonprofits, and community facilities.
The grant programs are for eligible nonprofit community-based organizations serving low- and moderate-income communities in Ohio. The predevelopment program supports project costs such as feasibility studies, architectural drawings, and professional fees. The economic development program supports hard construction costs and fixed assets.
Examples of supported organizations illustrate the range of projects. Solon Community Living says it develops supportive housing for people with developmental disabilities; Medina Creative Housing says it develops housing and services for people with disabilities; and Yellow Springs Home says it provides permanently affordable housing through a community land trust. Franklinton Rising describes its work as construction workforce development and rebuilding blighted housing. These are the organizations’ own descriptions of their missions.
Grantmaking
In filing year 2024, Finance Fund reported 18 grants totaling $1,607,014. Grant amounts ranged from $12,667 to $540,000, with a median of $50,000. All reported grant dollars went to recipients in Ohio.
The largest reported grant was $540,000 to Finance Fund Capital Corporation. Other notable grants included $150,000 to Detroit Shoreway Community Development and $146,500 to The Refugee Response, both for economic development; $100,000 each to Solon Community Living, Medina Creative Housing, and Franklinton Rising, also for economic development; and $75,000 to Cleveland Print Room for economic development. Predevelopment grants included $50,000 each to Yellow Springs Home, Medina Creative Housing, Columbus Housing Partnership, Cincinnati Northside Community, and Over-the-Rhine Community Housing.
The currently listed predevelopment grant offers up to $50,000 for eligible project costs related to expanding affordable housing options. The currently listed economic development grant offers up to $100,000 for self-sustaining projects that create permanent private-sector jobs, with eligible uses including construction costs and fixed assets. Applicants must be nonprofit community-based organizations working to meet the needs of low- and moderate-income communities in Ohio. The economic development grant policy also states that applicants must consult Finance Fund staff before applying.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jerry Katz as chair, Ryan Miller as vice chair, Phillip Smith as treasurer, and Greg Kiger as secretary. It also lists Mary Burke Rivers, D R Gossett, Samantha Shafer, Randy Runyon, Thomas Winston, and Brian Heitkamp as members of the board of directors.
Ohio Community Development Finance Fund is led by Diana Turoff, President & CEO on every filing since 2020; 4 of 14 officers listed in 2024 are compensated.
Officers on the 2024 filing
Diana Turoff
President & CEO
On filings since 2020
40 hrs/week
$330K (2020) → $590K (2024)
Jerry Katz
Chair
On filings since 2020
1 hr/week
No compensation reported
Andrew Swary
Executive Vice President & General Counsel
On filings since 2020
40 hrs/week
$270K (2020) → $397K (2024)
Jeff Mohrman
Executive Vice President & Real Estate
On filings since 2020
40 hrs/week
$315K (2020) → $533K (2024)
Matt Frank
Chief Financial Officer
On filings since 2020
40 hrs/week
$240K (2020) → $374K (2024)
Brian Heitkamp
Board of Directors
On filings since 2020
1 hr/week
No compensation reported
D. R. Gossett
Board of Directors
On filings since 2020
1 hr/week
No compensation reported
Greg Kiger
Secretary
Board of Directors → Secretary, 2022
On filings since 2020
1 hr/week
No compensation reported
Mary Burke Rivers
Board of Directors
On filings since 2020
1 hr/week
No compensation reported
Phillip Smith
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Randy Runyon
Board of Directors
On filings since 2020
1 hr/week
No compensation reported
Ryan Miller
Vice Chair
On filings since 2020
1 hr/week
No compensation reported
Thomas Winston
Board of Directors
On filings since 2020
1 hr/week
No compensation reported
Samantha Shafer
Board of Directors
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: Carole Grimes (2020–2022) — Board of Directors
- Former: Jack Laverty (2020) — Secretary
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $590K, to Diana Turoff (President and CEO). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Ohio Community Development Finance Fund
How much does Ohio Community Development Finance Fund give each year?
Ohio Community Development Finance Fund gave $1.6M across 18 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $2.6M across 35 grants.
What is Ohio Community Development Finance Fund's typical grant size?
Ohio Community Development Finance Fund's median grant in 2024 was $50,000, and its average grant was $89,279, across 18 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Ohio Community Development Finance Fund that year got $84K on average.
Where does Ohio Community Development Finance Fund give grants?
Ohio Community Development Finance Fund gives mostly in Ohio: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Columbus, OH (4 grants), Cleveland, OH (4 grants), Cincinnati, OH (3 grants) and Medina, OH (2 grants).
Does Ohio Community Development Finance Fund give general operating support?
Not in 2024: none of the 18 grants with a stated purpose on Ohio Community Development Finance Fund's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Predevelopment" (10 grants) and "Economic Development" (7 grants).
Who are Ohio Community Development Finance Fund's largest grantees?
Ohio Community Development Finance Fund's largest 2024 grantees include Finance Fund Capital Corporation ($540,000), Medina Creative Housing ($150,000 across 2 grants) and Detroit Shoreway Community Dev ($150,000), according to its 2024 IRS Form 990. Together they received 52% of its itemized 2024 grant dollars.
How large is Ohio Community Development Finance Fund?
Ohio Community Development Finance Fund reported $72.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $20.7M.
What does Ohio Community Development Finance Fund fund?
Finance Fund’s stated mission is to build bridges between resources and the low- and moderate-income community to improve quality of life. See mission & focus areas ↑
How do I apply for a grant from Ohio Community Development Finance Fund?
Ohio Community Development Finance Fund has no public application process in the sources Grantable reviewed. Check financefund.org for current guidelines, or contact the foundation directly before submitting a request.
What is Ohio Community Development Finance Fund's EIN?
Ohio Community Development Finance Fund's EIN (Employer Identification Number) is 31-1229532. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 1, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 4, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 31, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 5, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 22, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Ohio Community Development Finance Fund's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Ohio Community Development Finance Fund funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/ohio-community-development-finance-fund-morg_8d8590ebe96a48e4836e4406a2abfa3d
BibTeX
@misc{grantable_311229532_2026,
author = {{Grantable}},
title = {{Ohio Community Development Finance Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/ohio-community-development-finance-fund-morg_8d8590ebe96a48e4836e4406a2abfa3d},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Ohio Community Development Finance Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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