2025-03-24T08:03:55-05:00 2024-09-30 340677006 MALONEY NOVOTNY LLC 1105 SCHROCK ROAD STE 510 COLUMBUS OH 43229 990 2023-10-01 311021735 COMMUNITY CAPITAL DEVELOPMENT CORP COMM 6146456171 5475 RINGS ROAD 110 DUBLIN OH 43017 LAURA FRUM EXECUTIVE DIRECTOR 6146456171 2025-03-20 1 0 GREGORY RUBAN P00946304 6147816174 2025-03-20 2023 2025-03-06 01:10:19Z LAURA FRUM 5475 RINGS ROAD 110 DUBLIN OH 43017 977292 0 X CCDCORP.ORG X 1981 OH PROCESSING AND SERVICING OF SBA AND THE STATE OF OHIO LOANS TO AID IN THE ECONOMIC DEVELOPMENT OF COLUMBUS, FRANKLIN COUNTY, AND COUNTIES THROUGHOUT OHIO 15 15 7 0 0 0 0 0 965800 964307 11961 12985 0 0 977761 977292 0 0 0 0 678801 661031 0 0 0 267049 288681 945850 949712 31911 27580 1125381 1273663 842770 876441 282611 397222 X COMMUNITY CAPITAL DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO FURTHER THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE CITY OF COLUMBUS, FRANKLIN COUNTY, AND COUNTIES THROUGHOUT OHIO THROUGH THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS. 0 0 664048 964307 COMMUNITY CAPITAL DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO FURTHER THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE CITY OF COLUMBUS, FRANKLIN COUNTY, AND COUNTIES THROUGHOUT OHIO THROUGH THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS. 664048 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 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 1 0 0 1 8 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X LAURA FRUM 6146456171 5475 RINGS ROAD SUITE 110 DUBLIN OH 43017 ROSE ROMAN VICE CHAIR 1.00 X 0 0 0 BEN JOHNSON DIRECTOR 1.00 X 0 0 0 ERIC BELFRAGE DIRECTOR 1.00 X 0 0 0 JACK BEELER SECRETARY 1.00 X X 0 0 0 OWEN POHL CHAIR 1.00 X 0 0 0 FIL LINE DIRECTOR 1.00 X X 0 0 0 ARIANA ULLOA-OLAVARRIETA ASSITANT VICE CHAIR 1.00 X 0 0 0 AMY TROIANO TREASURER 1.00 X X 0 0 0 KIM KNIGHT DIRECTOR 1.00 X 0 0 0 MIKE ADELMAN PAST CHAIR 1.00 X X 0 0 0 KEMPER ALLISON DIRECTOR 1.00 X 0 0 0 TIM NORRIS DIRECTOR 1.00 X 0 0 0 STEVE TUCKER DIRECTOR 1.00 X 0 0 0 MARY ANN POTTER DIRECTOR 1.00 X 0 0 0 ERIC PHILLIPS DIRECTOR 1.00 X 0 0 0 JULIE CARR VICE PRESIDENT 40.00 X 130630 0 7130 LAURA FRUM PRESIDENT 40.00 X 176694 0 19789 307324 0 26919 2 0 1 0 0 PORTFOLIO MANGEMENT 525990 590911 590911 UNDERWRITING REVENUE 525990 233983 233983 LOAN PROGRAM INTEREST- 525990 139413 139413 964307 12985 12985 977292 964307 0 12985 334242 284106 50136 243565 207030 36535 12808 10887 1921 29103 24738 4365 41313 35116 6197 11162 11162 12685 12685 17987 17987 30236 22999 7237 32910 1578 31332 43958 43958 73275 54956 18319 10524 10524 14983 10488 4495 275 275 10068 10068 MISCELLANEOUS 15542 15542 DUES AND SUBSCRIPTION 7807 273 7534 EQUIPMENT 3982 3982 BANK SERVICE CHARGES 1934 1934 1353 1353 949712 664048 285664 0 14435 29052 479224 507051 120906 191335 4850 6211 118558 118558 274 0 424274 498715 81418 41299 1125381 1273663 43656 75042 55279 66835 743835 734564 842770 876441 X 282611 397222 282611 397222 1125381 1273663 X 27580 87028 3 X X 0 1 X 1 1 1 62110 62110 0 56448 56448 0 0 LINE OF CREDIT-OPERATING 147438 LOAN PROGRAM PAYABLES 497700 LEASE LIABILITY 39426 LINE OF CREDIT-COMMUNITY ADVANTAGE LOAN PROGRAM 50000 734564 X 1064320 87028 87028 977292 0 977292 949712 0 949712 0 949712 PART X, LINE 2: CCDC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. BDFC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BOTH ENTITIES ARE EXEMPT FROM STATE OF OHIO TAXES AS THEY WERE INCORPORATED UNDER SECTION 1702 OF OHIO REVISED CODE AS NOT-FOR-PROFIT CORPORATIONS. HOWEVER, CERTAIN UNRELATED BUSINESS INCOME MAY BE SUBJECT TO INCOME TAXES. NO PROVISION FOR FEDERAL INCOME TAXES WAS NECESSARY. GAAP REQUIRES THE ORGANIZATION TO EVALUATE THE LEVEL OF UNCERTAINTY RELATED TO WHETHER TAX POSITIONS TAKEN WILL BE SUSTAINED UPON EXAMINATION. ANY POSITIONS TAKEN THAT DO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD MUST BE QUANTIFIED AND RECORDED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING COMBINED STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. MANAGEMENT BELIEVES THAT NONE OF THE TAX POSITIONS TAKEN WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS AND NO SUCH LIABILITIES HAVE BEEN RECORDED. X 0 0 0 0 0 1 0 1 0 LAURA FRUM PRESIDENT 168694 0 8000 0 0 0 7985 0 11804 0 196483 0 0 0 PART I, LINE 3 COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE FOLLOWING PARAMETERS: COMPARABLE DATA OF SIMILAR SIZE ORGANIZATIONS, EMPLOYEE PERFORMANCE, AND LENGTH OF SERVICE. COMPENSATION IS THEN APPROVED BY THE BOARD BASED ON THESE KEY ITEMS. PART I, LINE 6 EMPLOYEES ARE ELIGIBLE FOR BONUSES AT THE END OF A PAY PERIOD BASED ON A SCORING CHART AND PROCEDURE DETERMINED BY MANAGEMENT AND THE BOARD WITH FINAL APPROVAL OF THE AMOUNTS BY THE BOARD OF DIRECTORS. PART I, LINE 7 EMPLOYEES ARE ELIGIBLE FOR BONUSES AT THE END OF A PAY PERIOD BASED ON THE VALUE OF LOANS THEY ORIGINATE AND HAVE APPROVED BY THE BOARD OF DIRECTORS AND SBA. FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES OF THE CORPORATION CAN ELECT MEMBERS OF THE GOVERNING BODY EACH YEAR. ALL BOARD MEMBERS HAVE EQUAL VOTING RIGHTS, EXCEPT FOR EX-OFFICIO BOARD MEMBERS WHO ARE NON-VOTING AND SERVE AN ADVISORY ROLE ONLY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE PRESIDENT. IT IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C 1. DUTY TO DISCLOSE- IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS (AND MEMBERS OF COMMITTEES WITH POWERS DELEGATED FROM THE BOARD OF TRUSTEES)CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. 2. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OFINTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST A. A PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACATION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON 0F THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. 4. VIOLATION OF THE CONFLICTS OF INTEREST POLICY A. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THE PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE FOLLOWING PARAMETERS: COMPARABLE DATA OF SIMILAR SIZE ORGANIZATIONS, EMPLOYEE PERFORMANCE, AND LENGTH OF SERVICE. COMPENSATION IS THEN APPROVED BY THE BOARD BASED ON THESE KEY ITEMS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING ADJUSTMENT 3. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS BY WHICH THE ORGANIZATION OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PREVIOUS YEAR. BUSINESS DEVELOPMENT FINANCE CORPORATION 5475 RINGS ROAD SUITE 110 DUBLIN OH 43017 311499733 FUNDS TO ASSIST BUSINESSES WITH JOB CREATION AND EMPLOYMENT EXPANSION OH 501(C)(3) LINE 11 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0