Clearfield Revitalization Corporation
- Assets
- $599.3k
- Revenue
- $72.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Clearfield, PA
- Founding
- 01/2009
- Data as of
- 06/2022
- EIN
- 26-3109380
Organization Overview
Clearfield Revitalization Corporation is located in Clearfield, PA. The organization was established in 2009. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearfield Revitalization Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Clearfield Revitalization Corporation generated $72.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $42.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CLEARFIELD REVITALIZATION CORPORATION INCLUDES, BUT IS NOT LIMITED TO: PROMOTING THE HISTORIC PRESERVATION, PROTECTION, AND USE OF THE TRADITIONAL DOWNTOWN AREA OF CLEARFIELD, PA, AND SURROUNDING NEIGHBORHOODS; HELPING TO ELIMINATE THE DETERIORATION OR SUCH AREAS, WORKING TO ENHANCE THE QUALITY OF LIFE OF SUCH AREAS; AND AIDING, ASSISTING AND WORKING WITH ENTITIES THAT SHARE A SIMILAR PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE HISTORIC PRESERVATION, PROTECTION AND USE OF THE TRADITIONAL DOWNTOWN AREA OF THE BOROUGH OF CLEARFIELD, PA AND SURROUNDING NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Way President | OfficerTrustee | 1 | $0 |
Maria Lemmo Vice President | OfficerTrustee | 1 | $0 |
Chrissy Warholic Secretary | OfficerTrustee | 1 | $0 |
Leslie Stott Treasurer | OfficerTrustee | 1 | $0 |
Dottie Spera Director | Trustee | 1 | $0 |
Kelsey Vitullo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,696 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,984 |
| Total Program Service Revenue | $0 |
| Investment income | $4,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,065 |
| Net Income from Fundraising Events | $8,306 |
| Net Income from Gaming Activities | -$38 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $20,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $375 |
| Office expenses | $1,366 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $800 |
| Travel | $702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,439 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,465 |
| All other expenses | $0 |
| Total functional expenses | $42,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,129 |
| Savings and temporary cash investments | $172,763 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $269,364 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $599,256 |
| Accounts payable and accrued expenses | $659 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $659 |
| Net assets without donor restrictions | $598,597 |
| Net assets with donor restrictions | $0 |
| 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 | $599,256 |
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|---|---|---|
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New Jersey Community Development Corporation Inc Paterson, NJ | $38,005,348 | $12,337,768 |
Allegheny Conference On Community Development Pittsburgh, PA | $14,597,444 | $7,655,898 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Campus Partners For Community Urban Redevelopment Columbus, OH | $180,909,775 | $6,681,454 |
G M N Tri-County Community Action Committee Inc Caldwell, OH | $4,898,315 | $8,954,404 |
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