Barberton Community Development Corporation
- Assets
- $10.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Barberton, OH
- Founding
- 04/1987
- Data as of
- 06/2022
- EIN
- 34-1533284
Organization Overview
Barberton Community Development Corporation is located in Barberton, OH. The organization was established in 1987. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Barberton Community Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barberton Community 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 06/2022, Barberton Community Development Corporation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $860.6k during the year ending 06/2022. While expenses have increased by 6.1% 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
TO PROVIDE ASSISTANCE TO SMALL BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAKES/SERVICES LOANS TO LOCAL EMPLOYERS TO FURTHER LOCAL INDUSTRY WHICH IN TURN PROMOTES PUBLIC WELFARE THROUGH ECONOMIC DEVELOPMENT/CREATION OF JOBS.
DEVELOPMENT/MANAGEMENT OF INDUSTRIAL AND COMMERCIAL PROPERTY, COORDINATION OF BUSINESS EXPANSION NEEDS, INVOLVEMENT IN BUSINESS ATTRACTION/RETENTION ACTIVITIES, AND ACTING AS A LOCATOR OF SITES AVAILABLE FOR PURCHASE, LEASING AND DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wagner Executive Di | Officer | 45 | $112,836 |
Suzanne Allen Board Member | Trustee | 1 | $0 |
Tom Anders Board Member | Trustee | 1 | $0 |
John Angerer Board Member | Trustee | 1 | $0 |
Ellen Betts Board Member | Trustee | 1 | $0 |
Colin Delagrange Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $525,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $522 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,522 |
| Total Program Service Revenue | $840,645 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $329,349 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,695,537 |
| 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. | $116,012 |
| Compensation of current officers, directors, key employees. | $34,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,465 |
| Pension plan accruals and contributions | $13,386 |
| Other employee benefits | $33,552 |
| Payroll taxes | $11,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $5,044 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,803 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $356 |
| Interest | $127,830 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,477 |
| Insurance | $16,664 |
| All other expenses | $3,919 |
| Total functional expenses | $860,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,043,220 |
| 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 | $22,283 |
| Net Land, buildings, and equipment | $2,396,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,681,155 |
| Total assets | $10,142,698 |
| Accounts payable and accrued expenses | $104,018 |
| 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 | $4,923,994 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,028,012 |
| Net assets without donor restrictions | $5,111,936 |
| Net assets with donor restrictions | $2,750 |
| 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 | $10,142,698 |