Mount Pleasant Now Development Corporation
- Assets
- $4.6m
- Revenue
- $483.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Cleveland, OH
- Founding
- 07/1989
- Data as of
- 12/2020
- EIN
- 34-1599720
Organization Overview
Mount Pleasant Now Development Corporation is located in Cleveland, OH. The organization was established in 1989. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2020, Mount Pleasant Now Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Pleasant Now Development 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 12/2020, Mount Pleasant Now Development Corporation generated $483.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $991.8k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SERVING WARDS 1,2,4 AND 6 OF THE CITY OF CLEVELAND AND OFFERS SERVICES SUCH AS HOUSING ASSISTANCE, CAREER ASSISTANCE, ARTIST OPPORTUNITIES, COMMUNITY EVENTS AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY MANAGEMENT- FOCUSES UPON PROACTIVE ERVICES TO GENERATE GOOD TENANT / MANAGEMENT RELATIONS, SOUND MAINTENANCE PROGRAMS, AND ON-GOING SEMINARS TO PROMOTE TENANT GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Perry Executive Director | Officer | 40 | $73,928 |
Ronald A Beckett Sr Vice President | Officer | 6 | $0 |
Traci L Pinkney Secretary | Officer | 6 | $0 |
Gwenn Penn President | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,947 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,486 |
| Total Program Service Revenue | $54,397 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $320,480 |
| 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 | $483,363 |
| 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. | $73,928 |
| Compensation of current officers, directors, key employees. | $18,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,630 |
| Pension plan accruals and contributions | $2,392 |
| Other employee benefits | $48,341 |
| Payroll taxes | $67,131 |
| Fees for services: Management | $6,465 |
| Fees for services: Legal | $1,266 |
| Fees for services: Accounting | $86,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,051 |
| Advertising and promotion | $9,012 |
| Office expenses | $11,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,849 |
| Travel | $10,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,841 |
| Insurance | $22,985 |
| All other expenses | $0 |
| Total functional expenses | $991,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$6,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $95,603 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $275,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,284,663 |
| Investments—publicly traded securities | $500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,649,545 |
| Accounts payable and accrued expenses | $753,775 |
| 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 | $1,318,340 |
| Unsecured mortgages and notes payable | $81,447 |
| Other liabilities | $0 |
| Total liabilities | $2,153,562 |
| Net assets without donor restrictions | $2,495,983 |
| 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 | $4,649,545 |