Development Fund of Western Reserve Inc.

Fiscal year ending 2024. Filed on September 17, 2025.

1 Cascade Plaza 1700
Akron, Ohio 44308

Development Fund of Western Reserve Inc. (EIN: 45-2495397) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Development Fund of Western Reserve Inc., a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $121,940. The highest compensated employee at Development Fund of Western Reserve Inc. is Rachel Bridenstine with fiscal year 2024 compensation of $132,513.

Revenue, expenses, and employee compensation

Revenue

$3,005,151

Expenses

$1,081,608

Employee compensation

$0

Reported Compensated Employees

Rachel Bridenstine

Executive Director

$132,513

$0 $132,513 No other comp

Chad Mayle

Chief Financial Officer

$111,367

$0 $111,367 No other comp

Non-Employee Board Members

Mission Statement

TO SERVE AND PROVIDE INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS.

Revisions to this organization profile

September 17, 2025:

2024 Development Fund of Western Reserve Inc. 990 filed

August 20, 2024:

2023 Development Fund of Western Reserve Inc. 990 filed

August 30, 2023:

2022 Development Fund of Western Reserve Inc. 990 filed

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