Gateway Economic Development Corporation Of Greater Cleveland

Organization Overview

Gateway Economic Development Corporation Of Greater Cleveland is located in Cleveland, OH. The organization was established in 1992. 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 12/2023, Gateway Economic Development Corporation Of Greater Cleveland employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Economic Development Corporation Of Greater Cleveland 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, Gateway Economic Development Corporation Of Greater Cleveland generated $82.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $51.9m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE ECONOMIC DEVELOMENT IN ORDER TO PREVENT THE CONDITIONS OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING THE BURDENS OF GOVERNMENT.


GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING THE BURDENS OF GOVERNMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Todd Greathouse
Executive Di
$164,403
Ken Silliman
Trustee - Pa
$0
Matt Carroll
Trustee - Pa
$0
Davita Russell
Trustee - Pa
$0
Ron King
Trustee - Pa
$0
Ahmed Abonamah
Trustee - Pa
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ma Mortenson Co
Construction
$23,337,903
Whiting-turner Contracting Co
Construction
$17,354,345
Moody Nolan
Architectural
$7,669,472
Manica Architecture
Architecture
$3,108,490
Platform Cement Inc
Construction
$2,794,540
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$78,960,009
Investment income $13,641
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 $82,302,277

Peer Organizations

Organization NameAssets
Gateway Economic Development Corporation Of Greater Cleveland
Cleveland, OH
$82,302,277
Cincinnati Center City Development Corporation
Cincinnati, OH
$48,260,098
Harristown Development Corporation
Harrisburg, PA
$18,623,535
The Center Of Workforce Innovations Inc
Valparaiso, IN
$16,535,508
Capitol South Community Urban Redevelopment Corporation
Columbus, OH
$13,517,756
Community Action Of South Eastern West Virginia
Bluefield, WV
$13,634,857
Rising Tide Community Loan Fund
Bethlehem, PA
$8,811,127
Pittsburgh Downtown Partnership
Pittsburgh, PA
$9,502,366
Greater Kokomo Economic Development Alliance Inc
Kokomo, IN
$5,785,033
Midtown Detroit Inc
Detroit, MI
$8,677,582
West Central Indiana Economic Development District Inc
Terre Haute, IN
$5,441,220
Evansville Vanderburgh County Convention & Visitors Bureau Inc
Evansville, IN
$4,295,195
Downtown Cleveland Improvementcorporation
Cleveland, OH
$5,263,381
Detriot Economic Growth Association
Detroit, MI
$5,567,044
Ohio Capital Finance Corporation
Columbus, OH
$18,182,307
The Columbus Partnership
Columbus, OH
$9,362,677
Humans First Detroit
Detroit, MI
$5,407,214
Enterprise Center
Philadelphia, PA
$6,353,979
North Central Pennsylvania Regional Planning And Development Commi
Ridgway, PA
$5,098,321
Bounce Innovation Hub
Akron, OH
$3,200,814
Cleveland Development Advisors Community Reinvestment Fund Inc
Cleveland, OH
$4,293,488
Warren-Conner Development Coalition Inc
Detroit, MI
$3,448,048
Warriors Inc
Youngstown, OH
$5,227,949
Lucas County Economic Development Corporation
Toledo, OH
$4,608,812
Renaissance Development Fund
Benton Harbor, MI
$5,877,883

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