Market District Improvement Corporation
- Assets
- $430.5k
- Revenue
- $681.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 05/2014
- Data as of
- 06/2022
- EIN
- 45-4224664
Organization Overview
Market District Improvement Corporation, operating under the name Ohio City Improvement Corp, is located in Cleveland, OH. The organization was established in 2014. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Ohio City Improvement Corp 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, Ohio City Improvement Corp generated $681.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $525.2k during the year ending 06/2022. While expenses have increased by 22.0% 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
THE OHIO CITY IMPROVEMENT CORPORATION STRIVES TO CREATE A CLEAN, SAFE, AND VIBRANT NEIGHBORHOOD THAT EMBRACES OHIO CITY'S RICH HISTORY WHILE BUILDING TOWARD THE FUTURE. OUR MISSION IS ANCHORED BY PRINCIPLES THAT BALANCE GROWTH WITH RESPECT FOR OUR ENVIRONMENT AND SOCIAL EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARKET DISTRICT IMPROVEMENT CORPORATION PROVIDES SAFETY, MAINTENANCE AND CLEANING SERVICES THROUGH A CONTRACT WITH THE DOWNTOWN CLEVELAND ALLIANCE AND BLOCK BY BLOCK. THESE AMBASSADORS SWEEP THE STREET AND SIDEWALKS, REMOVE LITTER AND GUM STAINS, ABATE GRAFFITI ON PUBLIC PROPERTY, AND MAINTAIN A LEVEL OF CLEANINESS IN THE DISTRICT. ADDITIONALLY, THE AMBASSADORS PROVIDE WALKING AND BIKE PATROLS, SAFETY ESCORTS, AND NEIGHBORHOOD ASSISTANCE TO PROVIDE AN ADDITIONAL LEVEL OF SECURITY IN THE DISTRICT. THE OHIO CITY AMBASSADORS OPERATE UP TO SEVEN DAYS A WEEK THROUGH THE YEAR MAINTAINING A CLEAN, SAFE AND WELCOMING ENVIRONMENT.
THE MARKET DISTRICT IMPROVEMENT CORPORATION PROVIDES SAFETY, MAINTENANCE AND CLEANING SERVICES THROUGH A CONTRACT WITH THE DOWNTOWN CLEVELAND ALLIANCE AND BLOCK BY BLOCK. THESE AMBASSADORS SWEEP THE STREET AND SIDEWALKS, REMOVE LITTER AND GUM STAINS, ABATE GRAFFITI ON PUBLIC PROPERTY, AND MAINTAIN A LEVEL OF CLEANINESS IN THE DISTRICT. ADDITIONALLY, THE AMBASSADORS PROVIDE WALKING AND BIKE PATROLS, SAFETY ESCORTS, AND NEIGHBORHOOD ASSISTANCE TO PROVIDE AN ADDITIONAL LEVEL OF SECURITY IN THE DISTRICT. THE OHIO CITY AMBASSADORS OPERATE UP TO SEVEN DAYS A WEEK THROUGH THE YEAR MAINTAINING A CLEAN, SAFE AND WELCOMING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dostal Board Chair | OfficerTrustee | 3 | $0 |
Sam Mcnulty Vice Chair | OfficerTrustee | 3 | $0 |
John Hagerty Secretary | OfficerTrustee | 3 | $0 |
Dan Whalen Treasurer | OfficerTrustee | 3 | $0 |
John Gill Board Member | Trustee | 1 | $0 |
Matt Moss Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $681,406 |
| 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 | $681,406 |
| Total Program Service Revenue | $0 |
| 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 | $681,406 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $104,647 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $361,340 |
| Advertising and promotion | $300 |
| Office expenses | $14,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,469 |
| Travel | $955 |
| 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 | $22,354 |
| Insurance | $3,151 |
| All other expenses | $0 |
| Total functional expenses | $525,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,887 |
| 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 | $1,592 |
| Net Land, buildings, and equipment | $21,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,529 |
| Accounts payable and accrued expenses | $48,878 |
| 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 | $48,878 |
| Net assets without donor restrictions | $381,651 |
| 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 | $430,529 |
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