Slavic Village Development
- Assets
- $2.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Cleveland, OH
- Founding
- 11/1980
- Data as of
- 06/2022
- EIN
- 34-1344279
Organization Overview
Slavic Village Development is located in Cleveland, OH. The organization was established in 1980. 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. As of 06/2022, Slavic Village Development employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Slavic Village Development 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, Slavic Village Development generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 6.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SLAVIC VILLAGE DEVELOPMENT WORKS WITH AND FOR ITS RESIDENTS, BUSINESSES, AND INSTITUTIONS TO PROMOTE CIVIC ENGAGEMENT, COMMUNITY EMPOWERMENT, AND NEIGHBORHOOD INVESTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SLAVIC VILLAGE DEVELOPMENT (SVD) IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO WORK WITH AND FOR ITS RESIDENTS, BUSINESSES, AND INSTITUTIONS TO PROMOTE CIVIC ENGAGEMENT, COMMUNITY EMPOWERMENT, AND NEIGHBORHOOD INVESTMENT. THIS IS ACCOMPLISHED THROUGH THREE GOALS: 1.SVD IS AN ENGAGED, INCLUSIVE, AND PROACTIVE CHAMPION EMPOWERING ITS RESIDENTS AND BUSINESSES. 2.SVD PARTNERS WITH RESIDENTS AND BUSINESSES TO IMPROVE THE SLAVIC VILLAGE NEIGHBORHOOD THROUGH ADVOCACY AND PROMOTION. 3.SVD BUILDS SLAVIC VILLAGE AS A WELCOMING PLACE WHERE FAMILIES AND BUSINESSES CAN THRIVE. THE DEVELOPMENT OF HOUSING IS A CORE FUNCTION OF SVD. OVER THE PAST YEAR: -TEN FORMERLY VACANT AND ABANDONED HOMES WERE REHABILITATED THROUGH THE NEIGHBORS INVEST IN BROADWAY AND THE SLAVIC VILLAGE RECOVERY PROGRAMS -535 HOUSEHOLDS RECEIVED RENTAL, UTILITY, OR EMERGENCY HOUSING ASSISTANCE THROUGH SVD -OVER 150,000 IN DIRECT HOUSING REHAB AID WAS PROVIDED BY SVD -THE NUMBER OF DISTRESSED PROPERTIES HAS DECREASED TO BELOW 100, A NUMBER THAT HAS NOT BEEN REACHED SINCE 2013. THIS IS DUE TO A COMBINATION OF REDEVELOPMENT EFFORTS, TENANT ADVOCACY, REPAIR PROGRAMS, AND OTHER EFFORTS OVER THE PAST DECADE. SVD WORKS TO CREATE JOBS AND ECONOMIC OPPORTUNITIES. OVER THE COURSE OF THE PAST YEAR: -SIX NEW LOCAL BUSINESSES WERE CREATED IN THE NEIGHBORHOOD -FIVE LARGE-SCALE DEVELOPMENT PROJECTS ARE CURRENTLY UNDERWAY THAT WOULD RESULT IN 1,000 NEW JOBS -75,000 IN GRANTS FOR BUSINESS DEVELOPMENT WERE SECURED -SEVEN OTHER PROJECTS WERE AIDED THROUGH THE ZONING AND DESIGN REVIEW PROCESS SVD ALSO IMPROVES PUBLIC SPACES ACROSS THE NEIGHBORHOOD -SVD SECURED 30,000 IN GRANTS TO PLANT 20 NEW TREES AND MAINTAIN EXISTING TREE CANOPY -20 NEIGHBORHOOD CLEANUPS TOOK PLACE, HARNESSING OVER 900 VOLUNTEERS WHO COLLECTED 60 TIRES, 341 BAGS OF LITTER, AND 80 CUBIC YARDS OF ORGANIC WASTE. -OVER 225 PARCELS WERE CLEARED OF TRASH AND DEBRIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Cummings Director | Trustee | 2 | $0 |
Mary Ellen Gardner-Turner Director | Trustee | 2 | $0 |
Suzanne Ferrara Director | Trustee | 2 | $0 |
Amanda Gerding Director | Trustee | 2 | $0 |
Samantha Martin Director | Trustee | 2 | $0 |
Jill Pecoraro Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $965,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,546,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,512,366 |
| Total Program Service Revenue | $225,822 |
| Investment income | $417,304 |
| 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 | $3,155,492 |
| 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. | $243,602 |
| Compensation of current officers, directors, key employees. | $39,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,534 |
| Pension plan accruals and contributions | $18,950 |
| Other employee benefits | $122,154 |
| Payroll taxes | $53,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,522 |
| Fees for services: Accounting | $5,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,665 |
| Advertising and promotion | $2,860 |
| Office expenses | $1,185 |
| 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 | $10,610 |
| Interest | $3,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,086 |
| Insurance | $16,702 |
| All other expenses | $240,140 |
| Total functional expenses | $2,937,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,118 |
| Savings and temporary cash investments | $225,510 |
| Pledges and grants receivable | $114,307 |
| Accounts receivable, net | $6,142 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $529,817 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $561 |
| Net Land, buildings, and equipment | $300,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $452,752 |
| Intangible assets | $0 |
| Other assets | $388,894 |
| Total assets | $2,304,613 |
| Accounts payable and accrued expenses | $21,737 |
| 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 | $312,737 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,800 |
| Total liabilities | $336,274 |
| Net assets without donor restrictions | $1,812,605 |
| Net assets with donor restrictions | $155,734 |
| 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 | $2,304,613 |