Overview
What is Citywide Development Corporation?
Citywide Development Corporation, based in Dayton, Ohio, is a nonprofit organization with a mission to strategically strengthen and grow the city through economic and community development. They have been instrumental in facilitating investment in the Dayton region, closing loans totaling $28 million for projects worth $47 million, resulting in the creation of 50 jobs. Their affiliate, the Dayton Region New Market Fund, has utilized federal and state tax credits to support the financing of notable institutions like the Northwest YMCA, Piqua YMCA, and Goodwill Easter Seals MV. Citywide remains actively involved in the Tech Town project, providing a unique technology support system that encourages collaboration, business acceleration, and technology commercialization. The organization continues to serve as the leading force for comprehensive community development in Dayton.
Official website here: www.citywidedev.com
Is Citywide Development Corporation legitimate?
Citywide Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Citywide Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $684,420
Professional Fundraising Fees: $0
Other Salaries and Wages: $793,953
For more financial information, click here
Official website here: www.citywidedev.com
What is the mission statement of Citywide Development Corporation?
The Citywide Development Corporation's mission is centered around strengthening and fostering growth in a given city, in this case, Dayton, through strategic economic and community development initiatives. They achieve this by facilitating financing for various projects, contributing to substantial investments and job creation in the region. Notably, their affiliate, the Dayton Region New Market Fund, has successfully secured significant federal and state tax credits, boosting the financing of notable establishments such as the Northwest YMCA, Piqua YMCA, and Goodwill Easter Seals MV. The organization is also highly engaged in the Tech Town project, providing a supportive technology ecosystem that encourages collaboration, business acceleration, and technology commercialization. Citywide Development Corporation continues to serve as the leading organization in comprehensive community development efforts for the city.
Official website here: www.citywidedev.com
Who is the CEO of Citywide Development Corporation?
Rosalie Gehrich is the Vice Chairman of Citywide Development Corporation.
Official website here: www.citywidedev.com
What is the revenue of Citywide Development Corporation?
Citywide Development Corporation's revenue in 2022 was $982,304.
Official website here: www.citywidedev.com
Who are the executives of Citywide Development Corporation and what are their salaries?
The average compensation at Citywide Development Corporation during 2022 was $70,399. There are 21 employees at Citywide Development Corporation.
Here are 23 key members and their salaries:
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- Other: $9,840
Official website here: www.citywidedev.com
Where can I find the form 990 for Citywide Development Corporation?
Citywide Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.citywidedev.com
Learn more at the official website: www.citywidedev.com
Mission Statement of Citywide Development Corporation
Citywide Development Corporation, an active organization, is committed to enhancing and expanding Dayton through strategic economic and community development. Their mission is to leverage their resources and influence to strengthen Dayton, fostering a thriving environment for both businesses and individuals. By closing loans totaling $28 million for projects worth $47 million, they have contributed to the creation of 50 jobs in the region. Citywide Development Corporation is also involved in the Dayton Region New Market Fund, which has facilitated financing for significant projects such as the Northwest YMCA, Piqua YMCA, and Goodwill Easter Seals MV, utilizing federal and state New Market Tax Credits.
Beyond financial support, Citywide Development Corporation is also deeply engaged in the Tech Town project, offering a unique technology support system that encourages collaboration, business acceleration, and technology commercialization. Their role as the lead organization in Dayton for comprehensive community development highlights their commitment to improving the overall well-being of the city. Through various initiatives, Citywide Development Corporation is dedicated to uplifting Dayton, fostering an environment where businesses can grow and communities can thrive.
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Impact
October, 2024
Citywide Development Corporation significantly impacts the Dayton region through its strategic economic and community development efforts. By facilitating $28 million in loans for various projects, the organization has directly contributed to $47 million in investments, resulting in the creation of 50 jobs.
One of its key initiatives, the Dayton Region New Market Fund, has effectively placed over $25 million in federal and $1 million in state New Market Tax Credits. This funding has supported critical community assets, including the Northwest YMCA, Piqua YMCA, and Goodwill Easter Seals of Miami Valley.
Additionally, Citywide is a driving force behind the Tech Town project, promoting a collaborative environment for business acceleration and technology commercialization. The corporation plays a pivotal role in designing and implementing comprehensive community development strategies, reinforcing its commitment to strengthening and growing Dayton's economy and community infrastructure.
This information is meant to be a general summary of Citywide Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $48,802
- Program Service Revenue: $886,063
- Gross Receipts: $982,304
Assets and Liabilities:
- Total Assets: $42,521,399
- Total Liabilities: $34,499,309
- Net Assets: $8,022,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC AND COMMUNITY
Revenue
$886,063
Organization Details
Founding Year
1973
Phone
(937) 853-2529Principal Officer
Rosalie Gehrich
Main Address
8 N MAIN STREET, DAYTON, OH, 45402
Website
www.citywidedev.comNTEE Category
Code: S30 - Community improvement
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