Ers Strategic Properties Inc

Organization Overview

Ers Strategic Properties Inc is located in Rootstown, OH. The organization was established in 2012. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ers Strategic Properties Inc 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 06/2021, Ers Strategic Properties Inc generated $11.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $11.4m during the year ending 06/2021. While expenses have increased by 1.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O. TO ESTABLISH COMMERCIAL BUSINESS UNITS FOR THE BENEFIT AND SUPPORT OF NORTHEAST OHIO MEDICAL UNIVERSITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

APARTMENTS FOR STUDENTS, FACULTY, STAFF, AND GUESTS OF NEOMED.


HEALTH, WELLNESS, AND MEDICAL EDUCATION BUILDING FOR NEOMED AND EXTERNAL COMMUNITY.


MEDICAL OFFICE BUILDING FOR NEOMED AND EXTERNAL COMMUNITY


OTHER PROGRAMS


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Board, Officers & Key Employees

Name (title)Compensation
John Stilliana
Vice Chair
$0
Jacalyn Kovach
Treasurer
$0
Maria Schimer
Chair
$0
Mary Taylor
Secretary/treasurer
$0
John Langell
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Signet Management Llc
Management Services
$178,854
Charter Communications
Cable & Internet
$107,808
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,659,875
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$2,659,875
Total Program Service Revenue$9,204,492
Investment income $0
Tax Exempt Bond Proceeds $169
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$181,865
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,683,070

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Ers Strategic Properties Inc has recieved totaling $1,924,052.

Awarding OrganizationAmount
Northeast Ohio Medical University Foundation

Rootstown, OH

PURPOSE: EDUCATIONAL PROGRAMS

$962,026
Northeast Ohio Medical University Foundation

Rootstown, OH

PURPOSE: EDUCATIONAL PROGRAMS

$962,026
View Grant Recipient Profile

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