Shaker Square Area Development Corporation
- Assets
- $119.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 09/1976
- Data as of
- 12/2023
- EIN
- 34-1184478
Organization Overview
Shaker Square Area Development Corporation is located in Cleveland, OH. The organization was established in 1976. 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. Shaker Square Area Development 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 12/2023, Shaker Square Area Development Corporation generated $44.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.4%) each year. All expenses for the organization totaled $47.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (25.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE CONNECTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
China Brown Trustee | 1 | $0 | |
Lisa Mcguthry Trustee | 1 | $0 | |
Harriet Niles Trustee | 1 | $0 | |
Fran Kalafatis Trustee | 1 | $0 | |
Melissa Garrett-Hirsch Trustee | 1 | $0 | |
Mary Ann Kovach President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,735 |
| Total Program Service Revenue | $20,348 |
| Membership dues | $16,557 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,640 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $31,446 |
| Occupancy, rent, utilities, and maintenance | $4,372 |
| Printing, publications, postage, and shipping | $6,428 |
| Other expenses | $4,972 |
| Total expenses | $47,218 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,624 |
| Other assets | $0 |
| Total assets | $119,819 |
| Total liabilities | $243,188 |
| Net assets or fund balances | -$123,369 |