Westown Community Development Corporation
- Assets
- $803.6k
- Revenue
- $479.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Cleveland, OH
- Founding
- 06/1995
- Data as of
- 06/2023
- EIN
- 34-1772218
Organization Overview
Westown Community Development Corporation is located in Cleveland, OH. The organization was established in 1995. 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, Westown Community Development Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westown Community 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 06/2023, Westown Community Development Corporation generated $479.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $399.3k during the year ending 06/2023. 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
PROVIDE SERVICES TO ITS RESIDENTS, BUSINESS OWNERS AND STAKEHOLDERS THAT ENHANCE AND MAINTAIN THE WESTOWN NEIGHBORHOODS AND BUSINESSES. WCDC'S SERVICE AREA KNOWN AS WESTOWN IS A VIBRANT, HISTORIC AND CULTURALLY DIVERSE CITY NEIGHBORHOOD THAT INCLUDES A RANGE OF HOUSING CHOICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTOWN CDC'S SERVICE HAS A GROWING LATINO POPULATION COMPRISED OF 23%, 25% AFRICAN AMERICAN AND 52% WHITE. THE SERVICE AREA IS PRIMARILY WORKING CLASS. ITS BORDERS STRETCH NORTH TO NEAR LAKE ERIE'S SHORE TO SOUTH OF I- 71. THERE ARE 10,000 HOUSEHOLDS OF WHICH 61% ARE LOW TO MODERATE INCOME. 48% OF OUR HOUSING UNITS ARE OCCUPIED BY FAMILIES WITH CHILDREN & OF THOSE 19.5% OF THE FAMILIES LIVE AT OR BELOW THE POVERTY LINE.
3. NEIGHBORHOOD BEAUTIFICATION: VACANT PROPERTY CUT/CLEAN UPS GRAFFITI ABATEMENT COMMERCIAL DISTRICT CLEAN UPS: COMMUNITY SERVICE HOURS PERFORMED- MAINTAINS OVER 35 STREET TREES, INCLUDING BIANNUAL MULCHING, VARIOUS PLANTERS AND BENCHES ALONG OUR MAIN COMMERCIAL CORRIDOR; 4. COMMERCIAL & RESIDENTIAL CODE ENFORCEMENT
1. GENERAL/DIRECT TECHNICAL ASSISTANCE TO BUSINESSES INCLUDING RELOCATION, EXPANSION, PERMITS; CERTIFICATE OF OCCUPANCY; GRANT & LOAN ASSISTANCE & PACKAGING; MARKETING, ZONING REVIEW AND OR ZONING VARIANCES; DESIGN REVIEW, NEW SIGNAGE, STOREFRONT RENOVATION PROJECTS;
2. HOUSING STABILIZATION: WCDC PROVIDES DIRECT ASSISTANCE IN GRANTS TO TENANTS AND HOMEOWNERS FOR EXTERIOR AND INTERIOR HOME REPAIRS THROUGH ITS OWNED PUBLICLY FUNDED GRANT /REBATE PROGRAM AND ITS PARTNERSHIPS WITH SEVERAL NEO HOUSING REPAIR ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Omar Abdullah Board Member | Trustee | 3 | $0 |
James Campbell Board Memebe | Trustee | 3 | $0 |
Todd Ginter Board Member | Trustee | 3 | $0 |
Deb Kline Vice Preside | OfficerTrustee | 3 | $0 |
Jamie Lauver Board Member | Trustee | 3 | $0 |
Al Mualem Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $265 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $357,197 |
| All other contributions, gifts, grants, and similar amounts not included above | $640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $358,102 |
| Total Program Service Revenue | $96,212 |
| Investment income | $0 |
| 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 | $479,543 |
| 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 | $260,766 |
| Pension plan accruals and contributions | $5,472 |
| Other employee benefits | $35,969 |
| Payroll taxes | $23,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,120 |
| Fees for services: Accounting | $12,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $700 |
| Office expenses | $8,624 |
| Information technology | $814 |
| Royalties | $0 |
| Occupancy | $17,526 |
| Travel | $2,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,506 |
| Interest | $2,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,026 |
| Insurance | $8,676 |
| All other expenses | $331 |
| Total functional expenses | $399,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $138,466 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $57,986 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $493,031 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $735 |
| Total assets | $803,648 |
| Accounts payable and accrued expenses | $29,588 |
| 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 | $109,404 |
| Unsecured mortgages and notes payable | $19,200 |
| Other liabilities | $0 |
| Total liabilities | $158,192 |
| Net assets without donor restrictions | $645,456 |
| 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 | $803,648 |