Cleveland Citywide Development Corporation
- Assets
- $3.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 34-1344474
Organization Overview
Cleveland Citywide Development Corporation is located in Cleveland, OH. The organization was established in 1981. According to its NTEE Classification (S30) the organization is classified as: 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. Cleveland Citywide 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 12/2021, Cleveland Citywide Development Corporation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 17.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CCDC'S PURPOSE IS TO REVIEW AND PROCESS GRANTS LOANS TAX INCREMENTAL FINANCING AND PROVIDE OTHER ASSISTANCE TO ELIGIBLE BUSINESSES OTHERS WITHIN THE CITY OF CLEVELAND. THIS ASSISTANCE IS DESIGNED TO PROMOTE ECONOMIC GROWTH WITHIN THE THE CITY AND TO RETAIN OR INCREASE EMPLOYMENT WITHIN THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEVELAND FOUNDATION GRANT AWARD TO CCDC- THIS GRANT PROGRAM WAS FOR TWO DISTINCT PURPOSES. ONE WAS FOR SOFTWARE EDUCATION TO UNDERSERVED INCOME ELIGIBLE STUDENTS. EXPENSES FOR THIS COMPONENT WERE $45,000. THE SECOND COMPONENT WAS TO PROVIDE FUNDS TO INVESTIGATE THE OFFICIAL FACTORS THAT WOULD INDICATE A "MIDDLE CLASS NEIGHBORHOOD WOULD DECLINE INTO A "LOW INCOME AREA." EXPENSE FOR THIS COMPONENT WERE $83.069 IN 2021.
CITY OF CLEVELAND- MAYOR'S NEIGHBORHOOD TRANSFORMATIONAL INITIATIVE MNTI- GLENVILLE INCUBATOR PROGRAM. THIS PROGRAM WAS DESIGNED TO TO ESTABLISH AND ASSIST IN MAINTAINING NEW BUSINESSES IN THE GLENVILLE AREA TOTAL EXPENSES FOR THIS PROGRAM WERE $220,390.
CITY OF CLEVELAND- MNTI- HOMEOWNER AND VACANT HOUSING REHABILITATION PROGRAM- GLENVILLE NEIGHBORHOOD AREA. THIS PROGRAM HAS TWO COMPONENTS. ONE COMPONENT WAS FOR THE REHABILITATION OF OWNER OCCUPIED HOMES TO MAKE THE HOMES IN COMPLIANCE WITH CURRENT CITY HOUSING CODES AND TO REMOVE UNSAFE CONDITIONS FOR HOMEOWNERS. THE SECOND COMPONENT WAS TO RENOVATE AND REPAIR VACANT HOUSING IN THE GLENVILLE AREA SO THESE HOUSES COULD BE SOLD TO NEW HOMEOWNERS. TOTAL EXPENSE FOR BOTH COMPONENTS WAS $818 860.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Stefan Holmes Board V Pres | Officer | 3 | $0 |
Frank Jackson Board Presidentmember | Officer | 1 | $0 |
David Ebersole Bd Sec Lrc Member | Officer | 4 | $0 |
Roger Carney Board Member Lrc Member | Trustee | 2 | $0 |
Dale Lenzer Board Member Lrc Member | Trustee | 2 | $0 |
Daniel O'malia Lrc Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R Ll Hill Management Inc Construction-bldg. | 12/30/20 | $321,837 |
We Can Code It Software Education | 12/30/20 | $160,902 |
| 12/30/20 | $0 | |
| 12/30/20 | $0 | |
We Can Code It Software Education | 12/30/20 | $160,902 |
R Ll Hill Management Inc Construction-bldg. | 12/30/20 | $321,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,039,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,167,099 |
| Total Program Service Revenue | $0 |
| Investment income | $259 |
| 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 | $1,358,976 |
| 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. | $0 |
| 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 | $64,792 |
| Fees for services: Accounting | $16,581 |
| 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 | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,839 |
| All other expenses | $42,404 |
| Total functional expenses | $1,299,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,207,148 |
| Savings and temporary cash investments | $993 |
| 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 | $7,159 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,215,300 |
| Accounts payable and accrued expenses | $49,839 |
| Grants payable | $0 |
| Deferred revenue | $3,029,287 |
| 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 | $3,079,126 |
| Net assets without donor restrictions | $136,174 |
| 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 | $3,215,300 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cleveland Citywide Development Corporation has recieved totaling $145,000.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: PRESERVATION AND CREATING MIDDLE NEIGHBORHOODS IN THE CITY OF CLEVELAND | $125,000 |
George Gund Foundation Cleveland, OH PURPOSE: MIDDLE NEIGHBORHOODS PEER CITY LEARNING - BALTIMORE SITE AND PROGRAM VISIT. | $10,000 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |