St. Mary Development Corporation

Street Address:
713 W. Grand Ave.
Dayton, OH 45406


Phone: 937-277-8149
Fax: 937-277-8230
Website: www.stmarydevelopment.org

Richard McBride, President

Contact Name: Beth Deutscher
Phone: 937-853-1602
Fax: 937-853-1601
Email: bdeutscher@hocgd.org


Staff Size: Full Time: 30    Part Time: 48

Background
St. Mary Development Corporation (SMDC) was established in June of 1989 as a not-for-profit organization that provides high-quality, affordable housing to low-income seniors and working families in the Dayton, Ohio, area. SMDC is the largest not-for-profit provider of quality housing in southwest Ohio. SMDC owns and manages five independent living residences for low-income seniors and has developed more than 100 single-family homes for low-income families. SMDC also manages the HomeOwnership Center of Greater Dayton, and has rehabilitated more than 100 existing single-family residences in East Dayton. Since 1993, SMDC has placed more than 2200 units of housing into service with a total investment value of more than $200 million.

Mission
SMDC's mission is to preserve, develop and provide quality housing services, as well as revitalize and enhance neighborhoods and entire communities. Our Vision is a vibrant, diverse community that sustains a high quality of life through housing excellence and community revitalization. Our Values are faith-based and people-focused. We are dedicated to the growth and empowerment of residents, clients and staff. We have a commitment to community betterment.

Total Operating Expense (9/30/2007): $3,360,556

 Lines of Business
  • Asset and Property Management

  • Community Building and Organizing

  • Home Ownership Promotion Services

  • Lending and Loan Portfolio Management

  • Real Estate Development


    • National NeighborWorks ® Programs
  • NeighborWorks Campaign for Home Ownership
  • NeighborWorks Multifamily Initiative

    • Accomplishments in FY 2008
  • Provided 121 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 0 rental or owner occupied units (1-4 units).
  • Assisted 72 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 502 rental units.
  • Invested $13,180 in the community through St. Mary Development Corporation's revolving loan fund, which leveraged $15,427,030 from conventional lenders and other sources.
  • Total direct investment in the community is $15,440,210.

    • Community Services
  • Community Building

  •  Community Outreach and Organizing

  •  Community Planning

  •  Landscape and Neighborhood Beautification

  • Financial Planning and Assistance

  •  Down-payment Assistance

  •  Financial Education

  •  Foreclosure Prevention Training

  •  IDA Savings Program

  •  Low Income Housing Tax Credit (LIHTC)

  • Green Building and Home Improvement

  •  Home Maintenance Training

  • Housing Programs and Home Ownership Counseling

  •  Home Ownership Center

  •  Home Ownership Counseling

  •  Housing for Elderly

  •  Rental Housing

  •  Section 8 Housing


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Richard BlessingBoard TreasurerBusinessRiverain Group, Inc. 
    Julia BorlandBoard MemberBusinessAssociated Land Management 
    Sr. Karen ElliottBoard MemberOtherMercy CollegeAssociate Professor
    Jill GravesBoard MemberBusinessAssociated Land ManagementManager
    Ray GriffinBoard MemberOtherRetired 
    Sr. Barbara Ann HoyingBoard MemberBusinessMaria Stein CenterAdministrator
    Dean LovelaceBoard MemberLocal GovernmentCity Of DaytonCity Commissioner
    Richard McBrideBoard MemberBusinessSt. Mary Development CorporationPresident
    Mary Ellen OomensBoard MemberNon-Profit InstitutionCatholic Social ServicesProgram Director
    Sr. Nancy RaleyBoard MemberResidentRetired 
    Sr. Anne SchulzBoard MemberOtherMother Teresa Catholic SchoolPrincipal
    Harvey SmithBoard President; Board ChairOther  
    Rose WildenhausBoard SecretaryBusinessSt. Mary Development CorporationVice President
    Richard WrightBoard MemberSelf-employedManagement Consultant

    About the NeighborWorks ® Network
    The NeighborWorks® network is a nationwide network of more than 240 community development organizations working in nearly 4358 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks® organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.

    NeighborWorks ® America Contact Information
    District:  Great Lakes
    Name:  Karen Whedon
    Phone:  513-221-4260
    Toll-Free:  877-316-8880
    Fax:  513-221-4425
    Email:  kwhedon@nw.org