Ohio City Incorporated
- Assets
- $2.7m
- Revenue
- $1.6m
- Investments
- $391.3k
- Employees
- 13
- Location
- Cleveland, OH
- Founding
- 10/1982
- Data as of
- 06/2023
- EIN
- 34-1372076
Organization Overview
Ohio City Incorporated is located in Cleveland, OH. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Ohio City Incorporated employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio City Incorporated 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 06/2023, Ohio City Incorporated generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 5.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, PRESERVE, AND PROMOTE OUR DIVERSE, HISTORIC, URBAN COMMUNITY AS A DESIRABLE PLACE TO LIVE, WORK, STUDY, PLAY AND WORSHIP BY: "SERVING AS A CATALYST TO FOSTER NEIGHBORHOOD RELATIONSHIPS THAT BUILD COMMUNITY THEREBY CREATING VEHICLES FOR COMMUNITY PROBLEM SOLVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION CONTINUED- AND INFORMED NEIGHBORHOOD INPUT INTO RESIDENTIAL, COMMERCIAL, AND INSTITUTIONAL DEVELOPMENT PLANNING; "DEVELOPING OR ASSISTING THE DEVELOPMENT OF QUALITY NEW AND REHABILITATED HOMES FOR ALL INCOME LEVELS; "DEVELOPING OR ASSISTING THE DEVELOPMENT OF RETAIL, OFFICE, INSTITUTIONAL AND INDUSTRIAL PROPERTIES; AND "PRESERVING THE HISTORIC CHARACTER OF THE NEIGHBORHOOD".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mcnair Executive Di | Officer | 37 | $116,290 |
Timothy Barnett Board Member | Trustee | 3 | $0 |
Virginia Benjamin Board Member | Trustee | 3 | $0 |
Alex Frondorf Vice Preside | OfficerTrustee | 4 | $0 |
Sharhonda Greer Secretary | OfficerTrustee | 4 | $0 |
Brian Mallory Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,184,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,451,070 |
| Total Program Service Revenue | $406,158 |
| Investment income | -$230,346 |
| 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 | $1,626,882 |
| 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 | $631,008 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,889 |
| Payroll taxes | $48,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,682 |
| Advertising and promotion | $6,859 |
| Office expenses | $39,632 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,131 |
| Travel | $415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,402 |
| Interest | $81,719 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,545 |
| Insurance | $12,597 |
| All other expenses | $0 |
| Total functional expenses | $1,877,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,093 |
| Savings and temporary cash investments | $309,781 |
| Pledges and grants receivable | $143,669 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,038,085 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,036 |
| Net Land, buildings, and equipment | $2,006,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $391,337 |
| Investments—program-related | -$1,261,685 |
| Intangible assets | $4,733 |
| Other assets | $2,246 |
| Total assets | $2,742,469 |
| Accounts payable and accrued expenses | $129,417 |
| 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 | $2,298,782 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $206,815 |
| Total liabilities | $2,635,014 |
| Net assets without donor restrictions | $107,455 |
| 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 | $2,742,469 |