Western Reserve Community Development Corporation
- Assets
- $2.4m
- Revenue
- $872.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Concord Twp, OH
- Founding
- 04/1993
- Data as of
- 12/2021
- EIN
- 34-1724876
Organization Overview
Western Reserve Community Development Corporation is located in Concord Twp, OH. The organization was established in 1993. 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. As of 12/2021, Western Reserve Community Development Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Reserve 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 12/2021, Western Reserve Community Development Corporation generated $872.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $738.6k 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
WORKS TO ENHANCE THE QUALITY OF LIFE BY PROVIDING AFFORDABLE HOUSING AND IMPROVING NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME DEVELOPMENT - ACQUIRING VACANT LAND AND FORECLOSED PROPERTIES AND CONSTRUCTS AND REHABILITATES LOW COST, AFFORDABLE HOMES TO BE SOLD TO LOW- INCOME PERSONS. PROVIDING HOME REHABILITATION SERVICES TO LOW-INCOME, ELDERLY, AND LONG-TERM DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Bennet Secretary | OfficerTrustee | 2 | $0 |
Mary Hada President | OfficerTrustee | 2 | $0 |
Jeff Hyrne Vice Preside | OfficerTrustee | 2 | $0 |
Micky Griffin Treasurer | OfficerTrustee | 2 | $0 |
Maureen Dolan Volunteer Ed | Officer | 20 | $0 |
Laurie Ames Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $11,520 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $505,212 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $532,546 |
| Total Program Service Revenue | $151,348 |
| Investment income | $76 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,331 |
| Net Gain/Loss on Asset Sales | -$4,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $120,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $872,504 |
| 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 | $96,899 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,810 |
| Payroll taxes | $8,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,662 |
| Fees for services: Accounting | $7,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540 |
| Advertising and promotion | $325 |
| Office expenses | $3,418 |
| Information technology | $5,048 |
| Royalties | $0 |
| Occupancy | $10,133 |
| Travel | $35 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,954 |
| Insurance | $19,273 |
| All other expenses | $281 |
| Total functional expenses | $738,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,576 |
| Savings and temporary cash investments | $51,402 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,278 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,957,810 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,413,357 |
| Accounts payable and accrued expenses | $51,335 |
| Grants payable | $0 |
| Deferred revenue | $6,741 |
| 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 | $11,635 |
| Total liabilities | $69,711 |
| Net assets without donor restrictions | $2,343,646 |
| 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 | $2,413,357 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Western Reserve Community Development Corporation has recieved totaling $46,080.
| Awarding Organization | Amount |
|---|---|
United Way Of Lake County Inc Mentor, OH PURPOSE: PROGRAM SUPPORT | $23,040 |
United Way Of Lake County Inc Mentor, OH PURPOSE: PROGRAM SUPPORT | $23,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
Akron Summit Community Action Agency Akron, OH | $9,053,133 | $31,825,266 |
Hocking-Athens Perry Community Action Glouster, OH | $22,374,760 | $30,742,269 |
Capital Area Community Services Inc Lansing, MI | $6,281,706 | $28,298,422 |
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Jumpstart Inc Cleveland, OH | $82,356,707 | $21,511,113 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Corporation For Ohio Appalachian Development Athens, OH | $7,078,759 | $21,339,241 |