EIN 83-3858451

Western Reserve Community Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
State
Year formed
2019
Most recent tax filings
2023-12-01
Description
The Western Reserve Community Fund supports and furthers community development and job creation in Ohio, with a focus on the 5-county region of Medina, Portage, Stark, Summit, and Wayne. The nonprofit organization was incorporated on March 7, 2019 to fill the gap in access to capital and provide support in disinvested areas that traditional lenders may consider too risky. It is located in Akron, OH.
Total revenues
$3,393,953
2023
Total expenses
$1,381,271
2023
Total assets
$11,629,184
2023
Num. employees
0
2023

Program areas at Western Reserve Community Fund

Western Reserve Community Fund, Inc. (the organization) is a nonprofit organization incorporated on march 7, 2019. It was created to help fill the gap in access to capital and provide support in disinvested areas where traditional lenders deem too risky to finance or be the sole lender. The organization's target market is low-income populations and census tracts within summit, medina, portage, stark and wayne counties. The organization was certified as a Community development financial institution during calendar year 2023.

Grants made by Western Reserve Community Fund

GranteeGrant descriptionAmount
Just 4 Kids Learning CenterWorking Capital$0

Who funds Western Reserve Community Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Development Fund of Western ReserveThe Grant Funds Shall Be Used To Help Finance Projects Organized To Support Further Economic Development and Job Creation in Northeast Ohio.$555,000
Burton D Morgan FoundationTo Support the Exempt Purpose of Organization$200,000
Akron Community FoundationFor General Operating Support$10,000

Personnel at Western Reserve Community Fund

NameTitleCompensation
Jessica McRitchieChief Operations Officer
Chad MayleChief Financial Officer$0
Rachel BridenstineExecutive Director$0
Anna Weant-KingProject Manager
John KinseyProject Development Manager
...and 7 more key personnel

Financials for Western Reserve Community Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,178,242
Program services$163,399
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$52,312
Total revenues$3,393,953

Form 990s for Western Reserve Community Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-01990View PDF
2022-122023-10-25990View PDF
2021-122022-11-15990View PDF
2020-122021-08-27990View PDF
2019-122021-04-02990View PDF
Data update history
November 24, 2024
Received grants
Identified 1 new grant, including a grant for $200,000 from Burton D Morgan Foundation
October 1, 2024
Updated personnel
Identified 6 new personnel
September 21, 2024
Received grants
Identified 3 new grant, including a grant for $555,000 from Development Fund of Western Reserve
December 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 1, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
1 Cascade Plaza 1700
Akron, OH 44308
Metro area
Akron, OH
County
Summit County, OH
Website URL
developmentfinanceauthority.org/ 
Phone
(330) 762-4776
IRS details
EIN
83-3858451
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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