Second Avon Lake Community Improvement Corporation
- Assets
- $10.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Avon Lake, OH
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-3696142
Organization Overview
Second Avon Lake Community Improvement Corporation is located in Avon Lake, OH. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. Second Avon Lake Community Improvement 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, Second Avon Lake Community Improvement Corporation generated $10.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $3.9k during the year ending 12/2021. While expenses have increased by 0.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ADVANCING, ENCOURAGING & PROMOTING THE INDUSTRIAL, ECONOMIC AND CIVIC DEVELOPMENT OF THE CITY OF AVON LAKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Lapina President | 5 | $0 | |
Ted Esborn Treasurer | 5 | $0 | |
Ross Vincent Vice President | 5 | $0 | |
Steve Luca Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,726 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,217 |
| Total expenses | $3,943 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,133 |
| Other assets | $0 |
| Total assets | $10,133 |
| Total liabilities | $276 |
| Net assets or fund balances | $9,857 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |
North Central Pennsylvania Regional Planning And Development Commi Ridgway, PA | $10,860,037 | $4,914,515 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Ohio Capital Finance Corporation Columbus, OH | $139,771,046 | $8,872,596 |