Council Gardens
- Assets
- $2.2m
- Revenue
- $1.8m
- Investments
- $711.8k
- Employees
- 8
- Location
- Cleveland Heights, OH
- Founding
- 05/1978
- Data as of
- 04/2022
- EIN
- 34-0909917
Organization Overview
Council Gardens is located in Cleveland Heights, OH. The organization was established in 1978. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 04/2022, Council Gardens employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Gardens 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 04/2022, Council Gardens generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.9m during the year ending 04/2022. While expenses have increased by 0.7% 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
SUBSIDIZED HOUSING FOR LOW-INCOME ELDERLY OR MOBILITY-IMPAIRED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNCIL GARDENS OWNS AND OPERATES A 122-UNIT APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.
SERVICE COORDINATOR - SOCIAL SERVICES LINKING THE TENANTS OF THE COMPLEX TO SUPPORTIVE OR MEDICAL SERVICES IN THE GENERAL COMMUNITY.
LIFE ENRICHMENT PROGRAM - ADDITIONAL PROGRAMMING AND SERVICES WHICH SUPPORT THE TENANTS' QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Mervine Executive Director | Officer | 40 | $135,603 |
Sue Maier Vice Chair | OfficerTrustee | 2 | $0 |
Larry Schneider Treasurer | OfficerTrustee | 2 | $0 |
David Gross Co-Chair | OfficerTrustee | 2 | $0 |
Gretta Ryan Secretary | OfficerTrustee | 2 | $0 |
Gail Sands Co-Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,677 |
| Total Program Service Revenue | $1,767,066 |
| Investment income | $4,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,829,900 |
| 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. | $133,480 |
| Compensation of current officers, directors, key employees. | $60,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,665 |
| Pension plan accruals and contributions | $43,701 |
| Other employee benefits | $0 |
| Payroll taxes | $41,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,823 |
| Fees for services: Accounting | $68,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,686 |
| Advertising and promotion | $2,245 |
| Office expenses | $41,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $473,796 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,990 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,923 |
| Insurance | $0 |
| All other expenses | $5,695 |
| Total functional expenses | $1,898,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,332 |
| Savings and temporary cash investments | $368,977 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $582 |
| 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 | $18,038 |
| Net Land, buildings, and equipment | $1,072,379 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $711,771 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,594 |
| Total assets | $2,195,673 |
| Accounts payable and accrued expenses | $236,006 |
| Grants payable | $0 |
| Deferred revenue | $744 |
| 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 | $39,256 |
| Total liabilities | $276,006 |
| Net assets without donor restrictions | $1,919,667 |
| 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 | $2,195,673 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Council Gardens has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Milton & Tamar Maltz Family Foundation Inc Beachwood, OH PURPOSE: ANNUAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $612,595 |
| Earnings | -$17,685 |
| Ending Balance | $594,910 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation Grand Rapids, MI | $53,298,449 | $7,853,634 |
Creative Housing Inc Columbus, OH | $43,851,773 | $5,323,506 |