Council Gardens
- Assets
- $2.2m
- Revenue
- $1.9m
- Investments
- $726.9k
- Employees
- 8
- Location
- Cleveland Heights, OH
- Founding
- 05/1978
- Data as of
- 04/2023
- EIN
- 34-0909917
Organization Overview
Council Gardens is located in Cleveland Heights, OH. The organization was established in 1978. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 04/2023, Council Gardens employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Gardens 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 04/2023, Council Gardens generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.9m during the year ending 04/2023. While expenses have increased by 0.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUBSIDIZED HOUSING FOR LOW-INCOME ELDERLY OR MOBILITY-IMPAIRED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNCIL GARDENS OWNS AND OPERATES A 122-UNIT APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.
LIFE ENRICHMENT PROGRAM/SERVICE COORDINATOR - ADDITIONAL PROGRAMMING AND SERVICES WHICH SUPPORT THE TENANTS' QUALITY OF LIFE AND SOCIAL SERVICES LINKING THE TENANTS OF THE COMPLEX TO SUPPORTIVE OR MEDICAL SERVICES IN THE GENERAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Lepa Director | Trustee | 2 | $0 |
Aaron Evenchik Director | Trustee | 2 | $0 |
Sue Maier Vice Chair | OfficerTrustee | 2 | $0 |
Becky Chesler Emeritus | Trustee | 2 | $0 |
Aaron Bulloff Emeritus | Trustee | 2 | $0 |
Sue Biagianti Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,692 |
| Total Program Service Revenue | $1,837,696 |
| Investment income | $4,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,877,151 |
| 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. | $134,660 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $417,422 |
| Pension plan accruals and contributions | $42,855 |
| Other employee benefits | $0 |
| Payroll taxes | $43,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,055 |
| Fees for services: Accounting | $78,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,886 |
| Advertising and promotion | $4,117 |
| Office expenses | $47,964 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $475,954 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,010 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,228 |
| Insurance | $0 |
| All other expenses | $7,846 |
| Total functional expenses | $1,941,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,559 |
| Savings and temporary cash investments | $388,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,306 |
| 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 | $24,297 |
| Net Land, buildings, and equipment | $975,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $726,924 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,256 |
| Total assets | $2,159,484 |
| Accounts payable and accrued expenses | $252,871 |
| Grants payable | $0 |
| Deferred revenue | $789 |
| 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 | $40,631 |
| Total liabilities | $294,291 |
| Net assets without donor restrictions | $1,450,452 |
| Net assets with donor restrictions | $414,741 |
| 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 | $2,159,484 |