CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY | THE CATALYTIC FUND
COVINGTON, KY | Kenton County
Revitalization/Stabilization
Overview
CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY | THE CATALYTIC FUND
26-3389252
50 E RIVERCENTER BLVD STE 260
COVINGTON, KY 41011
Kenton County
COVINGTON, KY 41011
Kenton County
(859) 757-0519
pmaxted@thecatalyticfund.org
Mission Statement
WE ATTRACT QUALITY PLACE-BASED INVESTMENTS TO NORTHERN KENTUCKY THAT RESULT IN REGIONAL ECONOMIC DEVELOPMENT (JOB AND TALENT ATTRACTION) AND LOCAL COMMUNITY DEVELOPMENT (IMPROVING QUALITY OF LIFE AND PLACE FOR LMI RESIDENTS). OUR INNOVATIVE FINANCING PRODUCTS, DEVELOPMENT SERVICES, AND COMMUNITY ADVOCACY EFFORTS CONVERT LOCAL REVITALIZATION PLANS INTO COMPLETED PROJECTS WITH LASTING AND MEASURABLE IMPACT.
CRA Category
- Revitalization/Stabilization
Nonprofit location
- Opportunity Zone
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
Founded
2008
Total Employees
7
Total Volunteers
35
Nonprofit Classification (NTEE Code)
S31
S - Community Improvement, Capacity Building
Urban & Community Economic Development
Organizations that provide technical assistance, loans, loan guarantees or other forms of management support to help impoverished urban communities create local jobs, sustain local services and build healthier local economies.
IRS Activity Codes
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
813410
Civic and Social Organizations
Targeted Clients
- General Public
CRA Income Characteristics
- Low-Income
- Moderate-Income
CRA Alignment
CRA Category
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas. 50%
Percent LMI Served
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Programs & Services
NKY Affordable Housing Fund
The NKY Housing Fund is dedicated to providing highly flexible financing for affordable housing developments in Boone, Kenton, and Campbell Counties.
Targeted Clients
- Families
- First-Time Homebuyers
- Homeless
- Senior Citizens
CRA Income Characteristics
- Low-Income
- Moderate-Income
- HUD Assistance Recipients
The Catalytic Investors Fund
The Catalytic Investors Fund support real estate development projects in qualified census tracts that have a high impact on the community through revitalization, blight removal, housing, and employment. The focus of the fund is create transformational projects that bring new economic opportunities to low income areas.
Targeted Clients
- Economically Disadvantaged
- Families
- General Public
- Nonprofits
CRA Income Characteristics
- Low-Income
- Moderate-Income
- People Living Below Poverty Level
- HUD Assistance Recipients
Flexible Capital Pool
The Flexible Capital Pool is comprised of funds from grants that allow the Catalytic Fund to make extremely flexible loans that are higher risk, but that also have extremely high impact in the community. The Flexible Capital Pool is also used to de-risk other investments by serving as first-loss capital.
Targeted Clients
- Economically Disadvantaged
- Families
- General Public
- Nonprofits
CRA Income Characteristics
- Low-Income
- Moderate-Income
Awards & Certifications
Community Development Financial Institution
Date Certified
1/7/2015
Native American CDFI
N
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2022 | $1,445,824 | CDFI Equitable Recovery Program (COVID-19) | Catalytic Development Funding Corp. of Northern Kentucky |
| 2015 | $700,000 | CDFI Financial Assistance | Catalytic Development Funding Corp. of Northern Kentucky |
| 2019 | $378,000 | CDFI Financial Assistance | Catalytic Development Funding Corp. of Northern Kentucky |
| 2022 | $640,000 | CDFI Financial Assistance | Catalytic Development Funding Corp. of Northern Kentucky |
| 2024 | $1,250,000 | CDFI Financial Assistance | Catalytic Development Funding Corp. of Northern Kentucky |
| 2021 | $1,826,265 | CDFI Rapid Response Program (COVID-19) | Catalytic Development Funding Corp. of Northern Kentucky |
Includes CDFI Fund awards granted between January 2015 and December 2024
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$2.6M
Revenue
$2.6M
Assets
$27.5M
IRS Business Master File Details
As of September 2025
Exempt Ruling Date
2009-09
Deductibility Status
Deductible
Last Tax Filing
2023
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Publication 78 Details
As of August 2025
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
IRS Form 990 Returns
Through June 2025
Nonprofit Location
Main Address
50 E RIVERCENTER BLVD STE 260
COVINGTON, KY 41011
Kenton County
COVINGTON, KY 41011
Kenton County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
17140
MSA/MD
21
State
117
County
0670.00
Tract
Middle
Income Level
Core-Based Statistical Area
17140 - Cincinnati, OH-KY-IN
Combined Statistical Area
178 - Cincinnati-Wilmington, OH-KY-IN
Metropolitan Division
Not located in an MD.
Main Address Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract 24.06%
FFIEC Distressed Census Tract
FFIEC Underserved Census Tract
Geographies Served
- KY - Boone County
- KY - Campbell County
- KY - Kenton County
Market Data
| Main Address | Census Tract | County |
|---|---|---|
| 50 E RIVERCENTER BLVD STE 260 COVINGTON, KY 41011 | 0670.00 | Kenton County |
| Population | ||
| Total Population | 3,392 | 169,817 |
| Total Households | 1,907 | 67,593 |
| Income | ||
| Median Income* | $88,393 | $79,421 |
| Median Family Income (2024 FFIEC est.) | $103,500 | $110,700 |
| Tract Income Percentage | 105.73% | N/A |
| Below Poverty Level | 22.6% | 11.9% |
| Unemployment Level | 2.4% | 3.8% |
| Housing | ||
| Total Housing Units | 2,242 | 72,896 |
| Total Owner-Occupied Units | 25.4% | 70.0% |
| Total Renter-Occupied Units | 59.7% | 30.0% |
| Total Vacant Units | 14.9% | 6.5% |
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2023 American Community Survey.
Management
19
Total Voting Members
in Governing Body
in Governing Body
19
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Jeanne Schroer
President & CEO
(859) 757-0519
President & CEO
(859) 757-0519
Principal Officer
Jeanne Schroer
findCRA Profile Owner
Joe Klare
Chief Operating Officer
jklare@thecatalyticfund.org
Chief Operating Officer
jklare@thecatalyticfund.org
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grant Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-12.
A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.
This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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