2024-11-15T10:08:09-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 201 EAST FIFTH ST STE 2100 CINCINNATI OH 45202 990 2023-01-01 263389252 CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY CATA 8597570519 50 EAST RIVERCENTER BLVD 260 COVINGTON KY 410111602 JEANNE SCHROER PRESIDENT/CEO 8597570519 2024-11-15 1 1 KEVIN FUQUA CPA CVA P00433011 5135791717 2023 2024-10-15 13:58:12Z JEANNE SCHROER 50 EAST RIVERCENTER BLVD 260 COVINGTON KY 410111602 2578550 0 X THECATALYTICFUND.ORG X 2008 KY THE CATALYTIC FUND'S MISSION IS TO ATTRACT QUALITY PLACE-BASED INVESTMENTS TO NORTHERN KENTUCKY'S RIVER CITIES THAT RESULT IN REGIONAL ECONOMIC DEVELOPMENT (JOB AND TALENT ATTRACTION) AND LOCAL COMMUNITY DEVELOPMENT (IMPROVING QUALITY OF LIFE AND PLACE FOR LMI RESIDENTS). OUR INNOVATIVE FINANCING PRODUCTS, DEVELOPMENT SERVICES, AND VIBRANCY INITIATIVES CONVERT COMMUNITY REVITALIZATION PLANS INTO COMPLETED PROJECTS THAT HAVE LASTING AND MEASURABLE IMPACT. 23 22 6 22 0 0 1989812 1648686 78070 219592 460150 710272 0 0 2528032 2578550 69708 0 0 0 669837 705329 0 0 44071 928223 506945 1667768 1212274 860264 1366276 20725291 27471423 18573141 23952997 2152150 3518426 X THE CATALYTIC FUND'S MISSION IS TO ATTRACT QUALITY PLACE-BASED INVESTMENTS TO NORTHERN KENTUCKY'S RIVER CITIES THAT RESULT IN ECONOMIC DEVELOPMENT (JOB AND TALENT ATTRACTION) AND LOCAL COMMUNITY DEVELOPMENT (IMPROVING QUALITY OF LIFE AND PLACE FOR LMI RESIDENTS). 0 0 1020392 219592 IN 2023, THE CATALYTIC FUND DEPLOYED $5,825,000 IN CAPITAL AND DEVELOPED AN ACTIVE PIPELINE OF $16,000,000+ DURING A CHALLENGING YEAR FOR REAL ESTATE MARKETS AND SMALL BUSINESSES. THE 13 PROJECTS FUNDED THROUGH CATALYTIC FUND INVESTMENTS OR OTHERWISE SUPPORTED BY CATALYTIC FUND DEVELOPMENT SERVICES CREATED $13,454,000 IN NEW INVESTMENT IN THE CATALYTIC FUND'S CDFI TARGET MARKET, PRESERVED AND RENOVATED 15 HISTORIC BUILDINGS, CREATED 70 RESIDENTIAL UNITS - 67 OF WHICH ARE AFFORDABLE TO HOUSEHOLDS AT 80% OF AMI, AND CREATED 23,615 SQUARE FEET OF TENANT READY COMMERCIAL SPACE. THE CATALYTIC FUND ALSO INCREASED ITS INVESTMENT CAPITAL BY $5,000,000 AND SAW THE EXECUTION OF ONE OF THE ORGANIZATION'S MOST IMPORTANT DEVELOPMENT SERVICES PROJECTS TO DATE - THE ONENKY CENTER, A $27,000,000 CLASS A OFFICE BUILDING THAT WILL HOUSE ALL OF NORTHERN KENTUCKY'S GROWTH ORGANIZATIONS AS WELL AS THE STATE-FUNDED COVINGTON LIFE SCIENCES CENTER. 1020392 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X JEANNE SCHROER 8597570519 50 EAST RIVERCENTER BLVD NO 260 COVINGTON KY 410111602 JEANNE SCHROER PRESIDENT/CEO 40.00 X X 282042 0 0 JOE KLARE COO 40.00 X 204038 0 0 THOMAS ALLEN DIRECTOR 0.50 X 0 0 0 GENE BARBER DIRECTOR 0.50 X 0 0 0 MARK BICKER DIRECTOR 0.50 X 0 0 0 BRIAN BROCKHOFF DIRECTOR 0.50 X 0 0 0 BRIAN FINLEY DIRECTOR 0.50 X 0 0 0 BRUNO GIACOMUZZI DIRECTOR 0.50 X 0 0 0 ROBERT LAMOTHE DIRECTOR 0.50 X 0 0 0 BOB LUEBBE DIRECTOR 0.50 X 0 0 0 BERNIE MCKAY DIRECTOR 0.50 X 0 0 0 JASON PAYNE DIRECTOR 0.50 X 0 0 0 MATTHEW RANDAZZO DIRECTOR 0.50 X 0 0 0 LEE SCHEBEN DIRECTOR 0.50 X 0 0 0 SCOTT SMITH DIRECTOR 0.50 X 0 0 0 JIM UEBEL DIRECTOR 0.50 X 0 0 0 PAM WEBER DIRECTOR 0.50 X 0 0 0 RHONDA WHITAKER-HURTT DIRECTOR 0.50 X 0 0 0 RICK WIRTHLIN DIRECTOR 0.50 X 0 0 0 WILL WOODWARD DIRECTOR 0.50 X 0 0 0 MARTHA SKELTON SECRETARY 0.50 X X 0 0 0 MARK CAESAR TREASURER 0.50 X X 0 0 0 MARTIN BUTLER VICE CHAIRMAN 0.50 X X 0 0 0 CHARLES SCHEPER CHAIRMAN 10.00 X X 0 0 0 486080 0 0 2 0 1 0 0 755000 893686 1648686 DEVELOPMENT SERVICES 531390 130175 130175 LOAN ORIGINATION FEES 531390 89417 89417 219592 710272 710272 2578550 219592 0 710272 486080 376664 84286 25130 145048 112397 25152 7499 18582 14399 3222 961 16078 12459 2788 831 39541 30640 6856 2045 18144 14060 3146 938 99173 76849 17197 5127 123 95 21 7 7367 6689 522 156 10879 8431 1886 562 3467 2686 601 180 23828 23828 315888 315888 8189 6346 1420 423 DUES AND SUBSCRIPTIONS 8315 8315 PROGRAM EVENTS 5412 5412 STAFF TRAINING AND DEVE 1687 1687 BAD DEBT EXPENSE 1100 852 191 57 3373 2695 523 155 1212274 1020392 147811 44071 691544 1599005 594259 2246791 278014 217971 22220 24700 9089102 11807584 0 171783 0 2010 10050152 11401579 20725291 27471423 1508182 1930006 0 1600824 17064959 20422167 18573141 23952997 X 1389158 2594397 762992 924029 2152150 3518426 20725291 27471423 1366276 0 X X 0 1 X 1 0 X 1141514 772376 1575975 1989812 1648686 7128363 1141514 772376 1575975 1989812 1648686 7128363 525725 6602638 223295 317808 352839 460150 710272 2064364 9192727 641218 0.71820 0.72490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RESTRICTED CASH 11401579 11401579 2649409 70859 70859 2578550 0 2578550 1283133 70859 70859 1212274 0 1212274 X X 0 0 0 0 0 0 0 0 0 JEANNE SCHROER PRESIDENT/CEO 240042 0 42000 0 0 0 0 0 0 0 282042 0 0 0 JOE KLARE COO 174038 0 30000 0 0 0 0 0 0 0 204038 0 0 0 PART I, LINE 3 COMPENSATION FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER WAS DETERMINED BASED ON COMPARATIVE ANALYSIS OF SALARIES OF EXECUTIVE DIRECTORS FROM ORGANIZATIONS WHO SHARE THE COMMON GOAL OF THE CATALYTIC FUND. THE FINANCE AND AUDIT COMMITTEE HAS THE RESPONSIBILITY OF MAKING COMPENSATION RECOMMENDATIONS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WILL BE REVIEWED BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND A COPY OF THE RETURN WILL BE SENT TO THE MEMBERS OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED PERIODICALLY TO MAKE SURE NO CONFLICTS HAVE ARISEN. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER WAS DETERMINED BASED ON COMPARATIVE ANALYSIS OF SALARIES OF EXECUTIVE DIRECTORS FROM ORGANIZATIONS WHO SHARE THE COMMON GOAL OF THE CATALYTIC FUND. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED.