Ohio · Nonprofit
OHIO CAPITAL FINANCE CORPORATION
OHIO CAPITAL FINANCE CORPORATION (Ohio) receives grants from 2 organizations whose IRS filings report $5,150,000 to it, the largest being JPMORGAN CHASE FOUNDATION ($5,000,000). 1 of them have funded it in more than one year.
- Revenue FY2024
- $19M
- Funders on record
- 2
- Grants received
- $5.2M
- Net assets
- $92M
What Ohio Capital Finance Corporation does
Mission
Ohio Capital Finance Corporation provides flexible financing products and utilizes partnerships for the expansion and preservation of afforable housing to advance community development while ensuring that all residents regardless of income live satisfying lives and contribute to their community.
As stated on its FY2024 Form 990.
Program
Ohio Capital Finance Corporation (ocfc) is the lending arm of occh and a certified development financial institution (cdfi). The ohio affordable housing loan fund ("oahlf"), formed by occh in 2004 during 2020 the investors in the oahlf extended their funding term and increased capital available for lending to $27 million dollars of funding to deploy. In 2012, the ocfc pnc loan fund was formed and has an additional $5 million of funding available. These funds were established to provide a flexible source of capital to be used by development partners of occh for use as: predevelopment funding, acquisition financing and bridge financing for projects nearing the end of their compliance period. In 2018 the $20 million southside renaissance fund was created to encompass neighborhood transformation and preserve naturally occurring affordable housing and provide financing for community development projects. The fund is made possible with low-interest loans from financial institutions. The cincinnati neighborhood transformation fund (cntf) was created in 2018 with $6 million in funding. The fund will leverage cdfi awards received, ocfc capital, and bank capital to make pre-development,…
$6,313,177 spentof which $44,030 as grants$9,938,254 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $6,313,177.
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 2023 to 2024, from $168M to $237M (+41%).
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: 2017 59% · 2018 68% · 2019 53% · 2020 70% · 2021 28% · 2022 69% · 2023 31% · 2024 41%. Grants only. Government contracts and fees sit inside program revenue.
47% of OHIO CAPITAL FINANCE CORPORATION’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. 0 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
Catherine Cawthon
CEO
Board chair
Angela Mingo
Director /chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2019 → 2023: the base held at 1 funder, grant income fell $2.5M → $150k.
1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 3% 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: $6.0M from 2 payers (the payer shares this organization's board, largest Ohio Capital Corporation for Housing). These are real filings, and they are not money OHIO CAPITAL FINANCE CORPORATION raised.
From the IRS filings of OHIO CAPITAL FINANCE CORPORATION’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
OHIO CAPITAL FINANCE CORPORATION leans on a few funders — its largest provides 97% 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 100% — broadly stable.
“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
OHIO CAPITAL FINANCE CORPORATION draws 100% of its grant income from funders outside Ohio, across 1 state in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $150k arriving through sponsors registered in 1 state 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
OHIO CAPITAL FINANCE CORPORATION runs a healthier operating margin than three-quarters of the 659 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 659 community improvement nonprofits $10M–$100M, FY2024
Government funding OHIO CAPITAL FINANCE CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $48.2M on record.
- Department of the Treasury$48.2M
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 OHIO CAPITAL FINANCE CORPORATION
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
97% of spending goes to programs.
Governance
Public support
96%
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 19 related entities
- Cincinnati Neighborhood Transformation Fund LLC · disregarded
- Southside Renaissance Fund LLC · disregarded
- Healthy Home Fund II LLC · disregarded
- Ohio Capital Corporation for Housing · exempt
- Community Properties Impact Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for OHIO CAPITAL FINANCE CORPORATION: 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 OHIO CAPITAL FINANCE CORPORATION?
- OHIO CAPITAL FINANCE CORPORATION (Ohio) receives grants from 2 organizations whose IRS filings report $5,150,000 to it, the largest being JPMORGAN CHASE FOUNDATION ($5,000,000). 1 of them have funded it in more than one year.
- How many funders does OHIO CAPITAL FINANCE CORPORATION have?
- IRS filings report 2 organizations giving $5,150,000 in grants to OHIO CAPITAL FINANCE CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of OHIO CAPITAL FINANCE CORPORATION?
- 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 OHIO CAPITAL FINANCE CORPORATION 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 2 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