Organizations Filed Purposes:
ECDI'S MISSION IS TO INVEST IN PEOPLE TO CREATE MEASURABLE AND ENDURING SOCIAL AND ECONOMIC CHANGE. ECDI PROVIDES A NUMBER OF CRITICAL AND VALUABLE SERVICES TO LOW AND MODERATE INCOME PEOPLE THROUGHOUT THE STATE OF OHIO.
ECDI SERVES THE NEEDS OF DISADVANTAGED LOW-INCOME, LOW-WEALTH ENTREPRENEURS THROUGH A MULTI-TIERED APPROACH THAT COMBINES ACCESS TO AFFORDABLE CAPITAL, WITH WRAPAROUND SMALL BUSINESS DEVELOPMENT SERVICES, ALLOWING UNDERSERVED ENTREPRENEURS TO CREATE AND EXPAND THEIR BUSINESS AND ENTER THE ECONOMIC MAINSTREAM.
ECDI OFFERS SMALL BUSINESS LOANS RANGING FROM $500 TO $350,000. THE BUSINESSES SERVED BY ECDI OFTEN LACK THE TYPE OF CASH FLOW, COLLATERAL,AND OTHER REQUIREMENTS TO QUALIFY FOR CONVENTIONAL FINANCING. ECDIACCEPTS NON-TRADITIONAL COLLATERAL, AND CAN PROVIDE CUSTOM REPAYMENTAND DEFERRED PAYMENT SCHEDULES TO ENABLE BUSINESSES WITH SOUND PLANSAND BORROWING CAPACITY TO OBTAIN RESPONSIBLE AND AFFORDABLE FINANCINGTO MEET THEIR NEEDS.
ECDI PROVIDES SMALL BUSINESS DEVELOPMENT SERVICES IN THE FORM OF ONEON-ONE TECHNICAL ASSISTANCE, BOTH BEFORE AND AFTER LOAN CLOSINGS.TECHNICAL ASSISTANCE INCLUDES CAPABILITY AND FEASIBILITY ASSESSMENTS,ASSESSMENT OF CREDIT WORTHINESS, ASSISTANCE WITH CREDIT ISSUES,SOLIDIFYING BUSINESS PLANS, ON-SITE VISITS, AND FINANCIAL STATEMENTREVIEW. PARTNERSHIPS CREATED THROUGH ONGOING TECHNICAL ASSISTANCERESULT IN HIGHER RATES OF BUSINESS SUCCESS AND REDUCED RISK OF LOANDEFAULT. DURING FISCAL YEAR 2020, ECDI PROVIDED TECHNICAL ASSISTANCESERVICES TO OVER 4,100 INDIVIDUALS AND LOANED APPROXIMATELY $11.4MILLION IN CAPITAL THROUGH 409 LOAN DISBURSEMENTS. THE LOANDISBURSEMENTS CONSISTED OF 68% TO MINORITY-OWNED BUSINESSES, 65% TO BLACK OR AFRICAN AMERICAN-OWNED BUSINESSES, 53% TO WOMEN-OWNED BUSINESSES, 21% TO IMMIGRANT-OWNED BUSINESSES, AND 48% TO LOW-MODERATE INCOME. TRAINING AND INCUBATION:ECDI EDUCATION OFFERINGS COVER A WIDE RANGE OF TOPICS, FROM ENTRY-LEVELINTRODUCTORY COURSES TO HIGHER-LEVEL OFFERINGS, DESIGNED FOR GROWTHSTAGE BUSINESSES. ADDITIONAL OFFERINGS INCLUDE WORKSHOPS AND CLASSES COVERING A WIDE RANGE OF BUSINESS RELATED TOPICS AND INDUSTRIES. ECDI'S BUSINESS INNOVATION CENTER (BIC) IS A SMALL BUSINESS INCUBATOR AND ACCELERATOR COMPRISED OF THREE WOMEN'S BUSINESS CENTERS (WBCS) LOCATED IN COLUMBUS, CLEVELAND, AND CINCINNATI, AND THE FOOD FORT. BIC IS EQUIPPED WITH THE STAFF AND TOOLS TO PROVIDE COMPREHENSIVE "BACK-END" SUPPORT TO SMALL BUSINESSES AT EVERY STAGE OF THEENTREPRENEURIAL JOURNEY. BIC ADDRESSES CHALLENGES FACED BY LOW-MODERATEINCOME AND OTHER DISADVANTAGED ENTREPRENEURS. OVERCOMING THESE BARRIERSIS CRITICAL FOR SMALL BUSINESS SUSTAINABILITY, GROWTH, AND JOBCREATION.THE WBCS ARE THE ONLY SBA-FUNDED CENTERS OF THEIR KIND IN OHIO, WITH AMISSION TO EMPOWER WOMEN ENTREPRENEURS WITH RESOURCES AND TOOLS TOCREATE STRONG SUSTAINABLE BUSINESSES. ECDI'S FOOD FORT PROVIDES ACCESSTO SPECIALIZED TRAINING RESOURCES, MARKETING AND SALES ASSISTANCE, 24/7TECHNICAL ASSISTANCE, AND A LICENSED COMMERCIAL KITCHEN. A HAVEN FORFOOD TRUCK OWNERS, BAKERS, AND CATERING CLIENTS, THE LICENSED FACILITYINCLUDES TWO COMMERCIAL KITCHENS, A DRY STORAGE AREA, WALK-IN COOLERSAND FREEZERS, AND A LARGE FOOD PREP AREA, ENABLING THE FOOD FORT TOHOUSE A CLUSTER OF FOOD-BASED ENTREPRENEURS LOOKING TO DEVELOP THEIRCULINARY TALENTS. ADDITIONALLY, STAFF PROVIDE CLIENTS WITH FOODINDUSTRY-SPECIFIC TRAINING, AS WELL AS NETWORKING OPPORTUNITIES TOINCREASE ENTREPRENEURIAL ACCESS TO NEW MARKETS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Steven Fireman | PRESIDENT | 40 | $226,697 |
| Inna Kinney | CEO | 40 | $154,902 |
| Danielle Syndor | EXECUTIVE DIRECTOR OF NOTHERN OHIO | 40 | $121,844 |
| Jeffrey Gerberry | CFO | 40 | $114,517 |
| Kim Coleman | CHIEF CREDIT OFFICER | 40 | $107,184 |
| Paul Bloomfield | DIRECTOR | 1 | $0 |
| Jeffrey Buller | DIRECTOR | 1 | $0 |
| Margaret Ference | DIRECTOR | 1 | $0 |
| Stephanie Steward-Young | DIRECTOR | 1 | $0 |
| Trudy Bartley | DIRECTOR | 1 | $0 |
| John Hrusovsky | DIRECTOR | 1 | $0 |
| Alicia Townsend | DIRECTOR | 1 | $0 |
| Jeremy Gutierrez | DIRECTOR | 1 | $0 |
| Darren Cherry | DIRECTOR | 1 | $0 |
| David Bloomfield | DIRECTOR | 1 | $0 |
| Lonnie Miles | DIRECTOR | 1 | $0 |
| Adam Wezey | DIRECTOR | 1 | $0 |
| Retta Tegegne | DIRECTOR | 1 | $0 |
| Pete Mattingly | DIRECTOR | 1 | $0 |
| Nick Henderson | DIRECTOR | 1 | $0 |
| Moniqua Spencer | BOARD CHAIR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202141369349301444_public.xml