Ohio · Nonprofit
Cleveland Development Advisors Community Reinvestment Fund Inc
Cleveland Development Advisors Community Reinvestment Fund Inc (Ohio) receives grants from 3 organizations whose IRS filings report $5,450,000 to it, the largest being JPMORGAN CHASE FOUNDATION ($5,000,000). 2 of them have funded it in more than one year.
- Revenue FY2024
- $7.4M
- Funders on record
- 3
- Grants received
- $5.5M
- Net assets
- $28M
What Cleveland Development Advisors Community Reinvestment Fund Inc does
Mission
To build inclusive and thriving neighborhoods in Northeast Ohio by providing innovative financing solutions and technical assistance to catalytic real estate and business development projects. In carrying out this mission, CDA-CRF shall be operated exclusively for religious, charitable, scientific, literary or educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
As stated on its FY2024 Form 990.
Programs
Management Services:CDA-CRF provides management services to Cleveland Development Advisors, Inc. (CDA), an affiliate of the Organization. CDA is a real estate and business development finance organization that invests privately funded capital and New Markets Tax Credit (NMTC) allocations into catalytic projects designed to advance economic and community development projects throughout Cleveland. CDA's investment funds include i) Cleveland Development Partnership II LP (CDP II), ii) Advance Cleveland Development Fund, LLC (ACDF), Opportunity CLE Loan Fund, LLC (OCLF) and iii) Cleveland New Markets Investment Fund II, LLC (CNMIF II) (collectively, CDA's Investment Funds). CDP II, ACDF, and OCLF provide a source of private sector financing for developers, owners and operators of significant real estate projects that are located in low income communities and/or serve low income persons within Cleveland, Ohio and Cuyahoga County, Ohio, in order to promote community and economic development and advance community priorities. CNMIF II is a community development entity (CDE) certified by the U.S. Treasury's Community Development Financial Institutions Fund (CDFI Fund) that has received a…
$1,802,373 spent$2,578,450 earned by the program48% of program spendingLoans:The Organization began lending activity in 2017 utilizing its cash resources generated from successfully managing CDA Investment Funds and leveraging those funds to create greater impact in the community. CDA-CRF became a certified Community Development Financial Institution (CDFI) by the CDFI Fund in 2018, and was recertified in 2025, with a focus on the most distressed neighborhoods in the City of Cleveland and surrounding neighborhoods; but also serves Cuyahoga County and its surrounding counties. CDA-CRF is refining its lending priorities to match gaps in the greater Cleveland lending landscape to create sustainable loan products with the ability to advance Cleveland by supporting neighborhood redevelopment and small business growth. The focus of the organization's lending activity is on real estate development projects including community facilities, job creation projects and acquisition and predevelopment.CDA-CRF has been able to expand its loan and grant products to increase access to capital to emerging and underserved developers by providing a loan and grant product specifically for the predevelopment and acquisition needs of emerging developers who are focused on…
$895,891 spent$1,271,798 earned by the program24% of program spendingEquity Investments & Grants:CDA-CRF assists in the revitalization of low-income communities through the support and facilitation of real estate and business development projects in Northeast Ohio. Specifically, CDA-CRF has equity investment in real estate financing organizations that promote community and economic development in these communities. CDA-CRF also will utilize and leverage resources to provide grants to those organizations that support community and economic development in the low-income communities. The Organization works closely with the City of Cleveland, Cuyahoga County, community partners and stakeholders to identify real estate development projects that will have a transformative impact on the City of Cleveland and Cuyahoga County.In 2024, CDA-CRF provided grants for three real estate development projects that are focused on revitalization of the neighborhoods in Cleveland, Ohio.- CDA-CRF provided a $75,000 grant to support the Pivot Center located in the Clark-Fulton neighborhood to support the construction buildout of additional space for the Cleveland Rape Crisis Center to move its headquarters to the building.- CDA-CRF provided a $40,000 grant to We Rise…
$481,500 spentof which $481,500 as grants$-273,280 earned by the program13% of program spendingDevelopment Services:Since 2019, CDA-CRF has focused on strengthening partnerships with community development corporations, developers, and other stakeholders to initiate a city-wide collaborative to support and advance emerging developers with real estate projects within Cleveland as well as building its own Development Services platform. CDA-CRF's Development Services platform is built around three key, interrelated programs: Developer-in-Residence program (DIR), the Development Ecosystem Collaborative (DEC), and the Cleveland Emerging Developer Initiative (CLE-EDI). Together, the components of these programs provide technical assistance to emerging real estate developers that seek to build industry partnerships and deliver direct training. The technical assistance support that is provided by CDA-CRF 's development services programs to emerging developers are crucial components of being able to help advance the projects forward from early stages, through predevelopment and ultimately to a full closing of a capital stack and ultimately supporting the operations and sustainability of a project.The Developer-in-Residence (DIR) program offers customized technical assistance to…
$538,936 spent14% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,718,700.
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 $34M to $46M (+34%).
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: 2019 7% · 2020 5% · 2021 47% · 2022 14% · 2023 49% · 2024 44%. Grants only. Government contracts and fees sit inside program revenue.
46% of Cleveland Development Advisors Community Reinvestment Fund Inc’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 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
Yvette M Ittu
President & CEO
Board chair
Renee Csuhran
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 2 funders, grant income fell $2.5M → $400k.
Left out of every figure on this page: $230k from 3 payers (the payer shares this organization's board, largest The Cleveland Foundation). These are real filings, and they are not money Cleveland Development Advisors Community Reinvestment Fund Inc raised.
From the IRS filings of Cleveland Development Advisors Community Reinvestment Fund Inc’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
Cleveland Development Advisors Community Reinvestment Fund Inc leans on a few funders — its largest provides 92% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2019 100% · 2021 100% · 2023 88% — 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.
Where its funders are
Cleveland Development Advisors Community Reinvestment Fund Inc draws 98% of its grant income from funders outside Ohio, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. 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
Cleveland Development Advisors Community Reinvestment Fund Inc 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 Cleveland Development Advisors Community Reinvestment Fund Inc receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $12.9M on record.
- Department of the Treasury$12.9M
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 Cleveland Development Advisors Community Reinvestment Fund Inc
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 Ohio
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
67%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- Cleveland New Markets Investment Fund II LLC · partnership
- Opportunity CLE Loan Fund LLC · partnership
- Cleveland Development Advisors Inc · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for Cleveland Development Advisors Community Reinvestment Fund Inc: 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 Cleveland Development Advisors Community Reinvestment Fund Inc?
- Cleveland Development Advisors Community Reinvestment Fund Inc (Ohio) receives grants from 3 organizations whose IRS filings report $5,450,000 to it, the largest being JPMORGAN CHASE FOUNDATION ($5,000,000). 2 of them have funded it in more than one year.
- How many funders does Cleveland Development Advisors Community Reinvestment Fund Inc have?
- IRS filings report 3 organizations giving $5,450,000 in grants to Cleveland Development Advisors Community Reinvestment Fund Inc, 2 of which have funded it in more than one year.
- Who is the largest funder of Cleveland Development Advisors Community Reinvestment Fund Inc?
- JPMORGAN CHASE FOUNDATION is the largest funder on record, with $5,000,000 in grants. The full list of funders is on this page.
- How can an organization like Cleveland Development Advisors Community Reinvestment Fund Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Ohio. 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 3 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