Kentucky · Nonprofit
CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY
CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY (Kentucky) receives grants from 9 organizations whose IRS filings report $2,094,750 to it, the largest being CAROL ANN AND RALPH V HAILE JR FOUNDATION ($970,000). 6 of them have funded it in more than one year.
- Revenue FY2024
- $5.2M
- Funders on record
- 9
- Grants received
- $2.1M
- Net assets
- $5.4M
What Catalytic Development Funding Corp of Northern Kentucky does
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.
As stated on its FY2024 Form 990.
Program
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.
$3,173,353 spentof which $1,463,767 as grants$202,099 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $3,173,353.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $21M to $27M (+33%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 21% · 2019 26% · 2020 11% · 2021 4% · 2022 52% · 2023 29% · 2024 22%. Grants only. Government contracts and fees sit inside program revenue.
72% of CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jeanne Schroer
President & CEO
Board chair
Charles Scheper
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2018 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $90k → $620k.
3 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 19% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $1.4M from 5 payers (the payer shares this organization's board, largest Horizon Community Funds of Northern Kentucky). These are real filings, and they are not money CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY raised.
From the IRS filings of CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY leans on a few funders — its largest provides 46% of grant income and the top three 75%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
36% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY.
Largest funder’s share by year: 2018 83% · 2020 100% · 2021 54% · 2022 41% · 2023 56% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
33% of CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY's funders are still giving 2 years after their first grant; 67% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY draws 99% of its grant income from funders outside Kentucky, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $395k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY runs a healthier operating margin than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.5M on record.
- Department of the Treasury$5.5M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Kentucky
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
94% of spending goes to programs.
Governance
Public support
65%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY?
- CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY (Kentucky) receives grants from 9 organizations whose IRS filings report $2,094,750 to it, the largest being CAROL ANN AND RALPH V HAILE JR FOUNDATION ($970,000). 6 of them have funded it in more than one year.
- How many funders does CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY have?
- IRS filings report 9 organizations giving $2,094,750 in grants to CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY, 6 of which have funded it in more than one year.
- Who is the largest funder of CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY?
- CAROL ANN AND RALPH V HAILE JR FOUNDATION is the largest funder on record, with $970,000 in grants. The full list of funders is on this page.
- How can an organization like CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing