Public Charity

CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY

CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY is a nonprofit organization categorized as Public Charity based in COVINGTON, KY. Its most recent IRS filing (2024) reports revenue of $5.2M, expenses of $3.4M, total assets of $29.9M. Imperigo tracks 33 reported grant relationships connected to this organization totaling approximately $1.9M.

EIN: 263389252 COVINGTON, KY Urban & Community Economic Development NTEE: S31 Latest filing: 2024
Total Revenue$5.2M
Total Expenses$3.4M
Total Assets$29.9M
Grant Records33
Funding Total$1.9M
Filing Years2019–2024

Mission

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.

Where $100 goes at Catalytic Development Funding Corp of Northern Kentucky

How Catalytic Development Funding Corp of Northern Kentucky divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$88 Programs the work itself
$9 Management running the organization
$3 Fundraising raising the next dollar

Inside the $88 for programs

$88
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
All program spending · Reported in the filing: 20 units
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Bernie Mckay
DIRECTOR Bob Luebbe
DIRECTOR Brian Finley
DIRECTOR (THRU 1/2024) Bruno Giacomuzzi
CHAIRMAN Charles Scheper
DIRECTOR Gene Barber

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,822,024 28 grants
Environment & Conservation
$50,000 1 grant
Human & Social Services
$25,000 1 grant
Fundraising & Sponsorship
$21,000 1 grant
Unspecified
$15,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $5.2M $3.4M $29.9M
2023 $2.6M $1.2M $27.5M
2022 $2.5M $1.7M $20.7M
2020 $868K $1.4M $12.8M
2019 $1.5M $1.1M $9.0M

Between 2019 and 2024, reported annual revenue grew from $1.5M to $5.2M (+256%), with total assets most recently reported at $29.9M.

Interactive year-over-year charts and full filing details available with membership.

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