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
Among its reported 2024 grants, the largest include Finance Fund Capital Corporation ($540,000), Detroit Shoreway Community Dev ($150,000), The Refugee Response ($146,500).
| Recipient | Purpose | Amount |
|---|---|---|
| SOLON COMMUNITY LIVING INC SOLON, OH | PREDEVELOPMENT | $12,667 |
| FRANKLINTON FARMS COLUMBUS, OH | ECONOMIC DEVELOPMENT | $15,000 |
| SECOND BAPTIST CHURCH OF THE C COLUMBUS, OH | PREDEVELOPMENT | $15,505 |
| JURISDICTION-WIDE RESIDENT ADV CINCINNATI, OH | PREDEVELOPMENT | $20,842 |
| FRANKLINTON RISING HILLIARD, OH | PREDEVELOPMENT | $31,500 |
| 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 |
| CINCINNATI NORTHSIDE COMMUNITY CINCINNATI, OH | PREDEVELOPMENT | $50,000 |
| OVER-THE-RHINE COMMUNITY HOUSI CINCINNATI, OH | PREDEVELOPMENT | $50,000 |
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
Frequently Asked Questions
What does Ohio Community Development Finance Fund fund?
**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 ca…
How do I apply for a grant from Ohio Community Development Finance Fund?
Finance Fund offers multiple grant and financing programs: **Grant Programs:** • **Predevelopment Grants** — Up to $50,000 for project planning and feasibility studies • **Economic Development Grants** — Up to $100,000 for community-based economic development projects • **Neighborhood Commercial Improvement Grants** — Support for neighborhood commercial projects **Credit Enhancement Programs:** • **Linked Deposit Fund** — Provides affordable financing from local lenders for housing and economic…
Where does Ohio Community Development Finance Fund make grants?
Statewide Ohio
What size grants does Ohio Community Development Finance Fund award?
In 2024, Ohio Community Development Finance Fund awarded 18 grants totaling $1.6M — an average of about $89K per grant, based on its IRS Form 990 filings.
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.
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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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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