2025-09-19T07:26:10-05:00 2024-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 201 EAST FIFTH ST STE 2100 CINCINNATI OH 45202 990 2024-01-01 263389252 CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY CATA 8597570519 209 GREENUP ST COVINGTON KY 41011 JEANNE SCHROER PRESIDENT/CEO 8597570519 2025-09-12 1 1 STEPHANIE LEW P01080011 5135791717 2024 2025-03-06 01:10:19Z X JEANNE SCHROER 209 GREENUP ST COVINGTON KY 41011 5255958 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. 20 19 6 35 0 0 1648686 3772950 219592 202099 710272 1266699 0 0 2578550 5241748 0 1463767 0 0 705329 806768 0 0 50372 506945 1122140 1212274 3392675 1366276 1849073 27471423 29906477 23952997 24538978 3518426 5367499 X 1. IMPROVE QUALITY OF LIFE AND ENVIRONMENT; 2. INCREASE ECONOMIC OPPORTUNITY FOR COMMUNITY RESIDENTS; 3. PROVIDE AFFORDABLE HOUSING CHOICES; 4. ATTRACT AMENITIES THAT ENHANCE COMMUNITY VIBRANCY; 5. GROW LOCAL TAX BASE; 6. CONTRIBUTE TO REGIONAL ECONOMIC DEVELOPMENT. 0 0 3173353 1463767 202099 IN 2024, THE CATALYTIC FUND DEPLOYED $7,381,000 IN CAPITAL AND DEVELOPED AN ACTIVE PIPELINE OF $15,000,000+ IN THE CURRENT CHALLENGING REAL ESTATE MARKET AND SMALL BUSINESS ENVIRONMENT. THE 13 PROJECTS FUNDED THROUGH CATALYTIC FUND INVESTMENTS AND SUPPORTED BY CATALYTIC FUND DEVELOPMENT SERVICES CREATED $29,554,000 IN NEW INVESTMENT IN THE CATALYTIC FUND'S CDFI TARGET MARKET, PRESERVED AND RENOVATED 12 HISTORIC BUILDINGS, CREATED 20 RESIDENTIAL UNITS - 12 OF WHICH ARE AFFORDABLE TO HOUSEHOLDS AT 80% OF AMI, AND CREATED 71,844 SQUARE FEET OF TENANT READY COMMERCIAL SPACE. THE CATALYTIC FUND ALSO INCREASED ITS INVESTMENT CAPITAL BY $3,000,000 AND SAW THE EXECUTION OF ONE OF THE ORGANIZATION'S MOST HIGH IMPACT INVESTMENTS TO DATE IN SPARKHAUS, A COMMUNITY FACILITY SUPPORTING SMALL BUSINESSES TO RAPIDLY. = GROW IN THE NORTHERN KENTUCKY REGION EACH YEAR. 3173353 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 1 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 20 19 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 209 GREENUP ST COVINGTON KY 41011 JEANNE SCHROER PRESIDENT & CEO 40.00 0.00 X X 310000 0 9656 CHARLES SCHEPER CHAIRMAN 0.50 0.00 X X 0 0 0 MARTIN BUTLER VICE CHAIRMAN 0.50 0.00 X X 0 0 0 MARTHA SKELTON SECRETARY 0.50 0.00 X X 0 0 0 MARK CAESAR TREASURER 0.50 0.00 X X 0 0 0 THOMAS ALLEN DIRECTOR 0.50 0.00 X 0 0 0 GENE BARBER DIRECTOR 0.50 0.00 X 0 0 0 MARK BICKER DIRECTOR 0.50 0.00 X 0 0 0 BRIAN FINLEY DIRECTOR 0.50 0.00 X 0 0 0 ROBERT LAMOTHE DIRECTOR 0.50 0.00 X 0 0 0 BOB LUEBBE DIRECTOR 0.50 0.00 X 0 0 0 BERNIE MCKAY DIRECTOR 0.50 0.00 X 0 0 0 JASON PAYNE DIRECTOR 0.50 0.00 X 0 0 0 MATTHEW RANDAZZO DIRECTOR 0.50 0.00 X 0 0 0 LEE SCHEBEN DIRECTOR 0.50 0.00 X 0 0 0 JIM UEBEL DIRECTOR 0.50 0.00 X 0 0 0 PAM WEBER DIRECTOR 0.50 0.00 X 0 0 0 RHONDA WHITAKER-HURTT DIRECTOR 0.50 0.00 X 0 0 0 RICK WIRTHLIN DIRECTOR 0.50 0.00 X 0 0 0 WILL WOODWARD DIRECTOR 0.50 0.00 X 0 0 0 BRUNO GIACOMUZZI DIRECTOR (THRU 1/2024) 0.50 0.00 X 0 0 0 SCOTT SMITH DIRECTOR (THRU 4/2024) 0.50 0.00 X 0 0 0 JOSEPH KLARE CHIEF OPERATING OFFICER 40.00 0.00 X 230000 0 14364 TRAVIS GYSEGEM DIRECTOR OF RESEARCH & UNDERWRITING 40.00 0.00 X 110000 0 10764 650000 0 34784 3 0 1 0 0 1157824 2615126 3772950 DEVELOPMENT SERVICES 531390 130236 130236 LOAN ORIGINATION FEES 531390 71863 71863 202099 1280909 1280909 14210 -14210 -14210 -14210 5241748 202099 0 1266699 1463767 1463767 564021 437060 97801 29160 182982 141793 31729 9460 4944 3831 857 256 10721 8308 1859 554 44100 34173 7647 2280 12250 9772 1909 569 104814 83606 16337 4871 5926 4836 840 250 4519 3605 704 210 16055 11841 3247 967 9757 7560 1692 505 4523 3505 784 234 21835 21835 630005 630005 8683 6728 1506 449 PROVISION FOR LOAN LOSS 269599 269599 DUES AND SUBSCRIPTIONS 11434 11434 STAFF TRAINING AND DEVE 8294 8294 BAD DEBT EXPENSE 3500 2712 607 181 10946 9089 1431 426 3392675 3173353 168950 50372 1599005 974650 2246791 2777914 217971 259874 24700 12000 11807584 16822918 171783 0 2010 3120 11401579 9056001 27471423 29906477 1930006 2082617 1600824 192888 20422167 22263473 23952997 24538978 X 2594397 4744877 924029 622622 3518426 5367499 27471423 29906477 1849073 0 X X 0 1 X 1 0 X 772376 1575975 1989812 1648686 3772950 9759799 772376 1575975 1989812 1648686 3772950 9759799 1440858 8318941 317808 352839 460150 710272 1280909 3121978 12881777 732328 0.64580 0.71820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RESTRICTED CASH 9056001 9056001 5326817 70859 70859 5255958 -14210 -14210 5241748 3477744 70859 14210 85069 3392675 0 3392675 PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSET PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSET 1 BLUE BRIDGE HOLDINGS LLC 814 WASHINGTON ST COVINGTON KY 41011 874196843 25000 0 ECONOMIC DEVELOPMENT COTE BRILLIANTE VENTURES LLC 187 PAVILLION PKWY 192 NEWPORT KY 41071 861483241 16800 0 ECONOMIC DEVELOPMENT FEDDERS CONSTRUCTION LLC 1102 BRIGHTON ST NEWPORT KY 41071 822589524 36156 0 ECONOMIC DEVELOPMENT NORTHERN KENTUCKY PORT AUTHORITY 209 GREENUP COVINGTON KY 41011 610947592 GOVT 383311 0 ECONOMIC DEVELOPMENT ONENKY ALLIANCE 209 GREENUP COVINGTON KY 41011 311489316 501(C)(3) 1002500 0 ECONOMIC DEVELOPMENT 2 3 PART I, LINE 2: IN ALL CASES OUR GRANTS GIVEN TO OTHERS RELATE TO SUPPORT FOR SPECIFIC PHYSICAL PROJECTS. WE ARE THE ONES APPLYING FOR THE FUNDS FROM A FOUNDATION FOR THIS PURPOSE AND THEN WE IN TURN GRANT THOSE FUNDS TO THE ENTITY DEVELOPING THE PROPERTY. WE DO NOT PROVIDE GRANTS TO ORGANIZATIONS FOR GENERAL PURPOSES. THERE IS AN AGREEMENT BETWEEN US AND THE GRANTOR THAT WE ARE RECEIVING THE FUNDS TO SUPPORT A SPECIFIC PROJECT. WE THEN TYPICALLY HAVE A GRANT AGREEMENT WITH THE ULTIMATE GRANTEE STIPULATING THE USE OF FUNDS AND A DRAW PROCEDURE IN WHICH WE FUND AGAINST INVOICES FOR SPECIFIC PROJECT COSTS. X X 0 0 0 0 0 0 0 0 0 JEANNE SCHROER PRESIDENT & CEO 250000 0 60000 0 0 0 9656 0 0 0 319656 0 0 0 JOSEPH KLARE CHIEF OPERATING OFFICER 190000 0 40000 0 0 0 6900 0 7464 0 244364 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.