NonprofitsDevelopment Fund Of The Western Reserve Inc

Community Improvement & Capacity Building

Development Fund Of The Western Reserve Inc

AKRON, OH

Total revenue

$3.0M

Total expenses

$1.1M

Net assets

$5.8M

Grants received

$145K

5 grants

EIN

452495397

Tax year

2024

Mission

To serve and provide investment capital for low-income communities and low-income persons.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.2M
Investment income$63K
Other revenue$1.7M
Total revenue$3.0M

Expenses

Grants paid$200K
Salaries & benefits
Fundraising$42K
Other expenses$882K
Total expenses$1.1M
Total assets$8.6M
Net assets$5.8M

People

7 listed

NameRoleCompensation

CAMEO CAREY

MEMBER

Board

0

ERIN WOJNO

SECRETARY

Board

0

HARRY EADON

TREASURER

Board

0

SARAH LOWN

MEMBER

Board

0

JOE ROSSI

PRESIDENT

Board

0

RACHEL BRIDENSTINE

EXECUTIVE DIRECTOR

Board

1 hrs/wk

CHAD MAYLE

CFO

Board

1 hrs/wk

Grants received

Showing 5 of 5

FromAmountPurposeYear
$75K
Trail Heritage
2020
$40K
TO SUPPORT ADVANCE PRACTICES THAT POSITION AND ALIGN COMMUNITY INVESTMENT SYSTEMS TO INCREASE CAPITAL FLOWS TO INVESTMENTS WITH HIGH EQUITY IMPACT INVESTMENTS AND TO TAKE STEPS TO DEVELOP A PIPELINE OF CATALYTIC, FINANCEABLE BUILT ENVIRONMENT PROJECTS FOCUSED ON INCREASING EQUITY
2020
$10K
FOR GENERAL OPERATING SUPPORT
2020
$10K
FOR GENERAL OPERATING SUPPORT
2019
$10K
FOR GENERAL OPERATING SUPPORT
2018

Funded by

$145K from 3 funders · 5 grants · 2018–2020

Ohio & Erie Canal Association

$75K · 1 grant · 2020

The Reinvestment Fund Inc

$40K · 1 grant · 2020

Akron Community Foundation

$30K · 3 grants · 2018–2020

Details

EIN452495397
NTEE codeS30
Subsection03
Ruling date2011-10
Formed2011
Employees0
Volunteers0
DEVELOPMENT FUND OF THE WESTERN RESERVE INC — Mission, Financials & Grants Received | Grantivo