Ohio Multi-county Development Corporation
Only null% goes to programs Growing revenue
Ohio Multi-county Development Corporation is a 501(c)(3) organization based in Akron, Ohio, registered in 2002, with $529,712 in FY2024 revenue. CharityIndex grades it C+.
725 E Market St, Akron, OH, 44305 EIN 03-0461881 Since 2002
Revenue (FY2024)
$530K
▲ 30.0% vs prior year
Housing median: $408K
Expenses (FY2024)
$647K
Net assets
$66K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ohio Multi-county Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -22% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ohio Multi-county Development Corporation: 1 mo reserves · -22% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ohio Multi-county Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ohio Multi-county Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 725 E Market St, Akron, OH, 44305
- City
- Akron
- State
- Ohio
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue declined from $1.4M (FY2013) to $530K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $328KNet assets $66K
Operating margin
-22.1%
Spent more than it raised in the latest fiscal year.
Total assets
$394K
Total liabilities
$328K
Net assets
$66K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $529,712▲30.0% | $646,654▲39.9% | $65,529▼64.1% | $393,946▼33.2% | 990 |
| 2023 | $407,476▼10.8% | $462,140▲11.5% | $182,471▼23.1% | $590,119▲18.0% | 990 |
| 2022 | $456,566▲9.0% | $414,454▼15.7% | $237,135▲21.6% | $500,113▲69.3% | 990 |
| 2021 | $418,676▼6.9% | $491,579▲2.1% | $195,023▲129% | $295,390▲97.4% | 990 |
| 2020 | $449,761▲188% | $481,480▲1.4% | -$678,346▼4.9% | $149,610▲20.7% | 990 |
| 2019 | $156,210▼71.4% | $474,798▼6.0% | -$646,627▼1136% | $123,986▼27.6% | 990 |
| 2018 | $545,759▲18.3% | $505,206▼4.7% | $62,401▲186% | $171,301▲29.5% | 990 |
| 2017 | $461,143▼53.7% | $530,082▼33.9% | $21,848▼64.6% | $132,236▼58.3% | 990 |
| 2016 | $995,555▲68.3% | $802,353▼6.2% | $61,738▲147% | $317,328▲79.6% | 990 |
| 2015 | $591,418▼47.1% | $855,113▼22.5% | -$131,464▼180% | $176,698▼22.5% | 990 |
| 2014 | $1,117,241▼22.7% | $1,103,109▼14.8% | $163,349▲31.1% | $228,045▼39.7% | 990 |
| 2013 | $1,444,934 | $1,294,071▼32.0% | $124,560▲211% | $378,294▲125% | 990 |
| 2012 | — | $1,903,705▲103% | -$112,225▲25.8% | $168,470▲28.5% | 990 |
| 2011 | — | $939,626▲17.6% | -$151,216▲67.8% | $131,068▲12.4% | 990 |
| 2010 | — | $799,046 | -$469,008 | $116,653 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Ohio Multi-county Development Corporation a legitimate nonprofit?
- Yes. Ohio Multi-county Development Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0461881, based in Akron, Ohio. Donations are tax-deductible.
- What is Ohio Multi-county Development Corporation's EIN?
- Ohio Multi-county Development Corporation's Employer Identification Number (EIN) is 03-0461881.
- How much revenue does Ohio Multi-county Development Corporation report?
- Ohio Multi-county Development Corporation reported $529,712 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ohio Multi-county Development Corporation have?
- CharityIndex grades Ohio Multi-county Development Corporation C+, based on financial health (reserves and operating margin).
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Data for Ohio Multi-county Development Corporation (EIN 03-0461881) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.