Community Improvement Corporation Of Cuyahoga Falls Ohio
- Assets
- $72.0k
- Revenue
- $19.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cuyahoga Falls, OH
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 34-1719633
Organization Overview
Community Improvement Corporation Of Cuyahoga Falls Ohio is located in Cuyahoga Falls, OH. The organization was established in 1994. 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. Community Improvement Corporation Of Cuyahoga Falls Ohio is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Community Improvement Corporation Of Cuyahoga Falls Ohio generated $19.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.7% each year . All expenses for the organization totaled $91.3k during the year ending 12/2021. 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
THE COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS WAS FORMED IN JULY 1970 AND INCORPORATED AS A CORPORATION NOT-FOR-PROFIT UNDER TITLE XVII, CHAPTERS 1702 AND 1724 OF THE OHIO REVISED CODE. THE STATED PURPOSE OF THE CORPORATION IS TO ADVANCE, ENCOURAGE, AND PROMOTE THE INDUSTRIAL, COMMERCIAL, CIVIC AND ECONOMIC DEVELOPMENT OF THE CITY OF CUYAHOGA FALLS, OHIO, UNDER THE APPLICABLE SECTIONS OF THE OHIO REVISED CODE. THE CORPORATION PROVIDES FINANCIAL ASSISTANCE TO PROJECTS LOCATED IN THE CITY OF CUYAHOGA FALLS. THIS ASSISTANCE CREATES JOBS AND EMPLOYMENT OPPORTUNITIES AND IMPROVES THE ECONOMIC WELFARE OF THE PEOPLE OF CUYAHOGA FALLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS CERTAIN LAND KNOWN AS PARCEL NUMBER 35-01540, 333 PLEASANT MEADOW LANE,(FORMERLY THE MUD RUN GUN CLUB) WHICH WAS PREVIOUSLY DONATED BY THE CITY OF CUYAHOGA FALLS FOR THE PURPOSE OF REVITALIZATION AND ECONOMIC DEVELOPMENT. THE ORGANIZATION APPLIED FOR, BUT DID NOT RECEIVE A CLEANUP GRANT FOR THE PROPERTY. THE ORGANIZATION PLANS ON APPLYING FOR A BROWNFIELD REMEDIATION GRANT, ADMINISTERED BY THE OHIO DEPARTMENT OF DEVELOPMENT IN 2022. IN ADDITION, THE ORGANIZATION SUCCESSFULLY LOWERED THE VALUATION OF THE PROPERTY THROUGH THE SUMMIT COUNTY BOARD OF REVISION DUE TO THE CONTAMINATION OF THE PROPERTY.
DOWNTOWN EVENTS ARE ORGANIZED THROUGHOUT THE YEAR FOR THE PURPOSE OF ECONOMIC DEVELOPMENT OF THE DOWNTOWN AREA AND TO PROVIDE THE RESIDENTS OF CUYAHOGA FALLS AND SURROUNDING COMMUNITIES AN OPPORTUNITY TO COME TOGETHER AND CELEBRATE THEIR COMMUNITY THROUGH MUSIC, CULTURAL FESTIVALS AND OTHER SIMILAR EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Walters President | OfficerTrustee | 1 | $0 |
Diana Colavecchio Vice Preside | OfficerTrustee | 1 | $0 |
Mary Spaugy Treasurer | OfficerTrustee | 1 | $0 |
Lori Jones Secretary | OfficerTrustee | 1 | $0 |
Janet Ciotola Trustee | Trustee | 1 | $0 |
Anthony Zumbo Trustee | Trustee | 1 | $0 |
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 | $16,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,450 |
| Total Program Service Revenue | $2,025 |
| Investment income | $0 |
| 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 | $19,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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 | $0 |
| Fees for services: Accounting | $4,765 |
| 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 | $1,940 |
| All other expenses | $1,598 |
| Total functional expenses | $91,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,748 |
| Savings and temporary cash investments | $0 |
| 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 | $244 |
| Net Land, buildings, and equipment | $55,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,992 |
| Accounts payable and accrued expenses | $1,516 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,516 |
| Net assets without donor restrictions | $4,428 |
| Net assets with donor restrictions | $66,048 |
| 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 | $71,992 |
Grants Awarded
Over the last fiscal year, Community Improvement Corporation Of Cuyahoga Falls Ohio has awarded $125,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GIANT EAGLE (MARKET DISTRICT) PURPOSE: CONSTRUCTION | $100,000 |
GIANT EAGLE (GET-GO) PURPOSE: CONSTRUCTION | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Improvement Corporation Of Cuyahoga Falls Ohio has recieved totaling $22,736.
| Awarding Organization | Amount |
|---|---|
Cuyahoga Falls Partnership For Parks Cuyahoga Falls, OH PURPOSE: DOWNTOWN EVENTS | $22,736 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Commission Of Fayette County Washington Court House, OH | $10,620,828 | $9,688,038 |
Downtown Cleveland Alliance Cleveland, OH | $4,884,612 | $9,424,862 |
Allegheny Conference On Community Development Pittsburgh, PA | $14,597,444 | $7,655,898 |
Campus Partners For Community Urban Redevelopment Columbus, OH | $180,909,775 | $6,681,454 |
G M N Tri-County Community Action Committee Inc Caldwell, OH | $4,898,315 | $8,954,404 |
Lakeside Association Lakeside, OH | $18,007,265 | $9,409,090 |
Southwest Michigan Community Action Agency Benton Harbor, MI | $1,305,727 | $8,078,808 |
Alloy Development Co Inc Cincinnati, OH | $4,726,609 | $7,810,614 |
Neighborhood Development Services Inc Ravenna, OH | $44,837,600 | $8,930,715 |
Community Action Of Southern Indiana Inc Jeffersonville, IN | $1,581,999 | $6,952,233 |
Warren And Forest Counties Economic Opportunity Council Warren, PA | $10,674,151 | $7,590,481 |
Community Action House Holland, MI | $7,393,862 | $7,680,588 |