Kennedy Height Community Urban Redevelopment Corporation
- Assets
- $830.4k
- Revenue
- $14.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 31-0954931
Organization Overview
Kennedy Height Community Urban Redevelopment Corporation, operating under the name Kennedy Heights Development Corp, is located in Cincinnati, OH. The organization was established in 2009. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. Kennedy Heights Development Corp 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 12/2021, Kennedy Heights Development Corp generated $14.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $32.9k during the year ending 12/2021. 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
TO PROMOTE AND SUSTAIN HIGH-QUALITY MIXED-INCOME HOUSING, AND TO GUIDE PROJECTS WHICH IMPROVE THE FUNCTIONAL, AESTHETIC, CULTURAL, EDUCATIONAL AND ECONOMIC WELL-BEING OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BASED RESEARCH ON SENIOR HOUSING IN THE NEIGHBORHOOD AND CONTINUED IMPROVEMENTS TO THE KENNEDY HEIGHTS CULTURAL CENTER CAMPUS TO FACILITATE FUTURE INVESTMENT IN THE NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Kidd Ray Secretary/contract Executive Director | OfficerTrustee | 1 | $18,500 |
Jamie Carr Board Chair | OfficerTrustee | 2 | $0 |
Mary Winn Godar Board Vice-Chair | OfficerTrustee | 2 | $0 |
Cinder Miller Treasurer | OfficerTrustee | 2 | $0 |
Alphonse Gerhardstein Member | Trustee | 2 | $0 |
Steven Grieser Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,401 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$15,138 |
| 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 | $14,263 |
| 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. | $16,500 |
| 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 | $1,213 |
| 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 | $212 |
| Information technology | $612 |
| 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 | $450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,496 |
| Insurance | $1,337 |
| All other expenses | $0 |
| Total functional expenses | $32,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,494 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $240,122 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $525,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $830,380 |
| Accounts payable and accrued expenses | $10,196 |
| Grants payable | $0 |
| Deferred revenue | $7,170 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $17,500 |
| Secured mortgages and notes payable | $402,735 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $437,601 |
| Net assets without donor restrictions | $392,779 |
| 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 | $830,380 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kennedy Height Community Urban Redevelopment Corporation has recieved totaling $8,120.
| Awarding Organization | Amount |
|---|---|
Homebase Cincinnati Cincinnati, OH PURPOSE: OPERATING & GENERAL SUPPORT | $8,120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |
North Central Pennsylvania Regional Planning And Development Commi Ridgway, PA | $10,860,037 | $4,914,515 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Ohio Capital Finance Corporation Columbus, OH | $139,771,046 | $8,872,596 |