Overview
What is Ohio Statewide Development Corp?
Ohio Statewide Development Corp is a nonprofit organization situated in Columbus, Ohio. Their primary focus is to extend fixed asset financing services to small businesses and entrepreneurs, simultaneously offering crucial management support. This organization plays a significant role in fostering growth and development within the local business community.
Official website here: www.osdc.net
Is Ohio Statewide Development Corp legitimate?
Ohio Statewide Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Ohio Statewide Development Corp 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: $245,301
Professional Fundraising Fees: $0
Other Salaries and Wages: $598,594
For more financial information, click here
Official website here: www.osdc.net
What is the mission statement of Ohio Statewide Development Corp?
Ohio Statewide Development Corp's mission is centered around providing fixed asset financing to small businesses and entrepreneurs, while simultaneously offering management support. The organization operates with the objective of aiding these businesses in their growth and development. By offering financial services, Ohio Statewide Development Corp aims to contribute to the financial stability and expansion of these enterprises. Additionally, the organization provides management support, demonstrating its commitment to holistic business development.
Official website here: www.osdc.net
What is the revenue of Ohio Statewide Development Corp?
Ohio Statewide Development Corp's revenue in 2024 was $1,385,928.
Official website here: www.osdc.net
Who are the executives of Ohio Statewide Development Corp and what are their salaries?
The average compensation at Ohio Statewide Development Corp during 2024 was $64,915. There are 13 employees and 9 volunteers at Ohio Statewide Development Corp.
Here are 12 key members and their salaries:
- Compensation: $152,862
- Related: $0
- Other: $3,890
- Compensation: $119,808
- Related: $0
- Other: $3,594
- Compensation: $5,420
- Related: $0
- Other: $163
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.osdc.net
Where can I find the form 990 for Ohio Statewide Development Corp?
Ohio Statewide Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.osdc.net
Learn more at the official website: www.osdc.net
Mission Statement of Ohio Statewide Development Corp
Ohio Statewide Development Corp, as a mission-driven organization, focuses on providing fixed asset financing services to small businesses and entrepreneurs. This nonprofit organization offers more than just financial aid; it also provides essential management support to its clients. By offering these services, Ohio Statewide Development Corp aims to empower and contribute to the growth and success of small businesses and entrepreneurs across various industries. The organization's mission is to bridge the financing gap that many small businesses face, thereby fostering economic development and job creation in the community.
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Impact
October, 2024
Ohio Statewide Development Corp significantly impacts small businesses and entrepreneurs in Ohio by providing essential fixed asset financing services. By facilitating access to capital, the organization empowers businesses to invest in crucial assets such as equipment and facilities, which can lead to growth and increased operational efficiency. Additionally, the management support offered by the organization enhances the sustainability and success of these ventures.
Based in Columbus, OH, Ohio Statewide Development Corp plays a vital role in community improvement by fostering a thriving business environment. Its efforts contribute to job creation, economic stability, and overall community development, making it a key player in enhancing the economic landscape of the region. Through its focus on small businesses, the organization not only supports individual enterprises but also strengthens the local economy and community.
This information is meant to be a general summary of Ohio Statewide Development Corp. 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 2024.
- Investment Income: $79,098
- Program Service Revenue: $1,305,531
- Gross Receipts: $1,385,928
Assets and Liabilities:
- Total Assets: $1,928,627
- Total Liabilities: $127,972
- Net Assets: $1,800,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
504 Escrow Earnings
Revenue
$128,662
Application Fees
Revenue
$11,000
Loan Processing Fees
Revenue
$388,955
Loan Service Fees
Revenue
$775,491
Mortgage Interest
Revenue
$1,423
Organization Details
Founding Year
1982
Principal Officer
Katherine Kramer
Website
www.osdc.netNTEE Category
Code: S43 - Community improvement
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