First Suburbs Consortium Development Council
- Assets
- $58.3k
- Revenue
- $112.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Bedford, OH
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 30-0147364
Organization Overview
First Suburbs Consortium Development Council is located in Bedford, OH. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Suburbs Consortium Development Council 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, First Suburbs Consortium Development Council generated $112.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $100.8k during the year ending 12/2021. While expenses have increased by 8.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INITIATE AND ENCOURAGE COLLECTIVE ECONOMIC AND COMMUNITY DEVELOPMENT GROWTH WITHIN THE FIRST-RING SUBURBS OF CLEVELAND. FSCDC PROVIDES TECHNICAL ASSISTANCE, EXPERTISE AND RESOURCES TO MEMBER CITIES TO STRENGTHEN THE CAPACITY OF CITIES ADVANCING DEVELOPMENT AND REDEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FSDC UNDERTOOK THE FIRST PHASE OF THE SINGLE-FAMILY HOUSING ZONING CODE UPDATE PROJECT TO BETTER PREPARE THE PATH TO BRING INFILL DEVELOPMENT TO THE 5,000+ AVAILABLE LOTS IN FIRST SUBURBS COMMUNITIES FOLLOWING SUCCESSFUL USE OF CUYAHOGA COUNTYS $50M DEMOLITION FUND. THE REGIONALIZED CODE ENFORCEMENT SOFTWARE PILOT CONTINUES TO GROWN FROM AN ORIGINAL SIX TO NOW TEN COMMUNITIES. THIS EFFORT WAS AN INVALUABLE TOOL AS COVID-19 SHUTDOWNS CLOSED CITY HALLS TO THE PUBLIC BUT STILL ALLOWED MUNICIPAL BUILDING DEPARTMENTS TO KEEP OPEN THROUGH THIS ON-LINE PLATFORM. EFFORTS TO GROW THE NORTHEAST OHIO ADVANCED ENERGY DISTRICT IN 2021 SUCCESSFULLY BROUGHT NEW MUNICIPAL MEMBERS TO THE SPECIAL IMPROVEMENT DISTRICT AND CLOSED OVER $10M IN PACE FINANCED PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Madzy Board President | OfficerTrustee | 2 | $0 |
Shawn Leininger Board Vice President | OfficerTrustee | 2 | $0 |
Mary Kay Costello Secretarytreasurer | OfficerTrustee | 2 | $0 |
Tim Degeeter Board Member | Trustee | 1 | $0 |
Laura Englehart Board Member | Trustee | 1 | $0 |
Mike Mallis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,344 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $112,346 |
| 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 | $2,940 |
| Other employee benefits | $6,829 |
| Payroll taxes | $351 |
| Fees for services: Management | $21,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,545 |
| Office expenses | $554 |
| Information technology | $52 |
| Royalties | $0 |
| Occupancy | $275 |
| Travel | $1,047 |
| 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 | $161 |
| Insurance | $1,389 |
| All other expenses | $0 |
| Total functional expenses | $100,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,371 |
| Pledges and grants receivable | $3,500 |
| Accounts receivable, net | $40,250 |
| 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 | $3,684 |
| Net Land, buildings, and equipment | $513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,318 |
| Accounts payable and accrued expenses | $28,793 |
| 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 | $28,793 |
| Net assets without donor restrictions | $29,525 |
| 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 | $58,318 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that First Suburbs Consortium Development Council has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: GIS ACCESS PARTNERSHIP WITH CUYAHOGA COUNTY | $27,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |