Gahanna Community Improvement Corp
- Assets
- $2.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Gahanna, OH
- Founding
- Data as of
- 12/2021
- EIN
- 26-2539979
Organization Overview
Gahanna Community Improvement Corp is located in Gahanna, OH. Gahanna Community Improvement Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Gahanna Community Improvement Corp generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $25.0k during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING, ENCOURAGING, AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIC DEVELOPMENT OF THE CITY OF GAHANNA, OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE CITY'S LANDBANK ENTITY, THE CIC FOCUSES ITS EFFORTS ON PROVIDING LAND BANK SERVICES FOR STRATEGIC LAND ACQUISITION, AND INVESTIGATES LAND CONSOLIDATION OPPORTUNITIES TO MAXIMIZE REDEVELOPMENT OPPORTUNITIES AVAILABLE. THE CIC OWNED 2 RESIDENTIAL PROPERTIES AS TEMPORARY RENTALS, ONE COMMERCIAL PROPERTY AND ONE VACANT COMMERCIAL LOT AWAITING ECONOMIC REDEVELOPMENT OPPORTUNITIES. CIC WORKS WITH THE GAHANNA'S PLANNING AND DEVELOPMENT DEPARTMENT ON COMMUNITY DEVELOPMENT INITIATIVES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Collins President | OfficerTrustee | 2 | $0 |
Jeff Kessler Treasurer | OfficerTrustee | 3 | $0 |
George Mrus Vp/secretary | OfficerTrustee | 2 | $0 |
Michael Blackford Trustee | Trustee | 1 | $0 |
Marco Capalino Trustee | Trustee | 1 | $0 |
Kelly Fox Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,224,223 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,224,223 |
| Total Program Service Revenue | $0 |
| Investment income | $11,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$46,462 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,242,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $40 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $713 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,083 |
| Insurance | $785 |
| All other expenses | $0 |
| Total functional expenses | $25,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,662,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,507 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $107,786 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,949 |
| Net Land, buildings, and equipment | $773,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,207 |
| Total assets | $2,745,247 |
| Accounts payable and accrued expenses | $28,344 |
| Grants payable | $0 |
| Deferred revenue | $37,812 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,100 |
| Total liabilities | $72,256 |
| Net assets without donor restrictions | $1,648,322 |
| Net assets with donor restrictions | $1,024,669 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,745,247 |
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