Program areas at ECDI
Ecdi provides small business Development services including one-on-one technical assistance, business Development training, and sector-specific business incubation programs. Ecdi is the host of four sba women's business centers and provides services across the state of Ohio and parts of west Virginia, Kentucky, and Indiana, with offices in seven cities.
Ecdi offers responsible, affordable small business loans ranging from $750 to $500,000 to entrepreneurs that face barriers to obtaining capital from traditional financial institutions. Ecdi's clientele consists largely of women (52.7%), minorities (57.2%), and low-moderate income people (47.7%). During fiscal year 2023, ecdi disbursed 948 loans totaling more than $23.0 million.
Grants made by ECDI
| Grantee | Grant description | Grant year | Amount |
|---|
| Ohio CDC Association | To Increase Organizational Capacity To Increase Access To Small Business Resources in Their Communities, Including Rural and Opportunity Zones. | 2023-06 | $71,940 |
| Department of Development of the Community Improvement Corporation | Collaborate With the Organization To Implement Needed Business Development Programming That Improves the Economy in Their Communities and To Increase the Capacity of the Organization To Offer Additional Small Business Resources for Their Residents. | 2023-06 | $42,967 |
| Womens Center for Economic Opportunity | To Increase Organizational Capacity To Increase Access To Small Business Resources in Their Communities, Including Rural and Opportunity Zones. | 2023-06 | $8,000 |
| ...and 4 more grants made |
Who funds Economic and Community Development Institute (ECDI)
Grants from foundations and other nonprofits
Personnel at ECDI
| Name | Title | Compensation | Date of data |
|---|
| Inna Kinney | Chief Executive Officer | $306,049 | 2024-03-21 |
| Maureen Thomas | Chief Operations Officer and Chief Financial Officer | $154,560 | 2024-03-22 |
| Fonda Williams | Chief Government Affairs and Economic Development Offic | $130,107 | 2023-06-30 |
| Anna Parlet | Vice President of Development | $119,580 | 2023-06-30 |
| Douglas Craven | Vice President of Strategic Partnerships and Fundraising | $122,219 | 2023-06-30 |
| ...and 8 more key personnel |
Financials for ECDI
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $10,267,064 | $17,056,063 | -39.8% |
| Program services | $3,550,963 | $2,914,421 | 21.8% |
| Investment income and dividends | $5,427 | $617 | 779.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $13,823,454 | $19,971,101 | -30.8% |
Organizations like ECDI
| Organization | Type | Location | Revenue |
|---|
| Credit Builders Alliance | 501(c)(3) | Washington, DC | $4,747,116 |
| South Carolina Community Loan Fund | 501(c)(3) | Charleston, SC | $6,646,393 |
| Initiative Foundation | 501(c)(3) | Little Falls, MN | $10,031,903 |
| National Association for Latino Community Asset Builders | 501(c)(3) | San Antonio, TX | $9,765,064 |
| Craft3 | 501(c)(3) | Astoria, OR | $32,060,164 |
| California Coastal Rural Development Corporation | 501(c)(3) | Salinas, CA | $5,011,409 |
| Renaissance Economic Development Corporation | 501(c)(3) | New York, NY | $4,107,593 |
| Seattle Economic Development Fund Business Impact NW | 501(c)(3) | Tukwila, WA | $6,779,426 |
| Working Solutions Cdfi | 501(c)(3) | San Francisco, CA | $6,684,587 |
| Chicago Community Loan Fund (CCLF) | 501(c)(3) | Chicago, IL | $15,665,409 |
Data update history
May 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 8 new personnel
May 19, 2024
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
MembershipsLobbyingReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
- Address
- 1655 Old Leonard Ave
- Columbus, OH 43219
- Metro area
- Columbus, OH
- County
- Franklin County, OH
- Website URL
- ecdi.org/Â
- Phone
- (614) 559-0115
- Facebook page
- ECDIohÂ
- Twitter profile
- @ecdiohioÂ
IRS details
- EIN
- 31-1145544
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1985
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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