Monroe Street Neighborhood Center
- Assets
- $1.1m
- Revenue
- $443.3k
- Investments
- $0.0
- Employees
- 13
- Location
- Toledo, OH
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 34-1925952
Organization Overview
Monroe Street Neighborhood Center is located in Toledo, OH. The organization was established in 2000. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Monroe Street Neighborhood Center employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe Street Neighborhood Center 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, Monroe Street Neighborhood Center generated $443.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $282.4k during the year ending 12/2023. While expenses have increased by 7.8% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MONROE STREET NEIGHBORHOOD CENTER IS COMMITTED TO WORKING IN PARTNERSHIP WITH OUR NEIGHBORS TO PROMOTE SELF-SUFFICIENCY, STRENGHTEN AND ENRICH FAMILIES AND DEVELOP COMMUNITY OWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREEDOM SCHOOL: A SUMMER READING PROGRAM FOR CHILDREN AGES FIVE THROUGH TWELVE. YOUNG SCHOLARS SPENT SIX WEEKS PARTICIPATING IN READING CLASSES TAUGHT BY LOCAL COLLEGE STUDENTS. WE PARTNERED WITH LOCAL ORGANIZATIONS TO PROVIDE ENRICHMENT ACTIVITIES IN ADDITION TO READING. CHILDREN ENJOYED GARDENING, SINGING, DANCING, ACTING, TAI CHI, CARDIO, DRUMMING, SWIMMING, COOKING, ART, AND LOCAL FIELD TRIPS. KIDS ALSO RECEIVED A HEALTHY BREAKFAST AND A HEALTHY LUNCH AT NO COST EACH DAY.
PUBLIC SUPPORT: OUR BRIDGE PROGRAM OFFERS A FOOD PANTRY, CLOTHING CLOSET, HOUSEHOLD ITEMS AND BIRTH CERTIFICATE ASSISTANCE TO AN AVERAGE OF 100 HOUSEHOLDS WEEKLY. THE BLUFF STREET VILLAGE PROJECT PROVIDES NEW, 400 SQUARE FOOT "TINY HOMES" TO LOW-INCOME HOUSEHOLDS, AND OFFERS A PATH TO HOME OWNERSHIP TO RESIDENTS, WHILE TRANSFORMING A BLOCK OF VACANT LOTS. THE TOLEDO TOOL LENDING LIBRARY, ADJACENT TO BLUFF STREET VILLAGE, HAS AN INVENTORY OF HUNDREDS OF TOOLS AND GARDENING IMPLEMENTS AVAILABLE FOR LOAN FOR A SMALL MEMBERSHIP FEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Schlender President | OfficerTrustee | 2 | $0 |
Lynn Bachelor Vice President | OfficerTrustee | 2 | $0 |
Dorothy Shorter Secretary | OfficerTrustee | 2 | $0 |
Pat Smith Treasurer | OfficerTrustee | 2 | $0 |
Elizabeth Flournoy Trustee | Trustee | 2 | $0 |
Larry Clark Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,188 |
| All other contributions, gifts, grants, and similar amounts not included above | $360,891 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,079 |
| Total Program Service Revenue | $64,833 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,876 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,505 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $443,331 |
| 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. | $47,619 |
| Compensation of current officers, directors, key employees. | $7,762 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,027 |
| Payroll taxes | $2,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,100 |
| Advertising and promotion | $0 |
| Office expenses | $15,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $502 |
| 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 | $19,893 |
| Insurance | $3,970 |
| All other expenses | $0 |
| Total functional expenses | $282,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,765 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $918,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,463 |
| Total assets | $1,133,166 |
| Accounts payable and accrued expenses | $0 |
| 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 | $10,000 |
| Other liabilities | $3,858 |
| Total liabilities | $13,858 |
| Net assets without donor restrictions | $1,119,308 |
| 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 | $1,133,166 |