Cudell Improvement Inc
- Assets
- $0.0
- Revenue
- $69.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 05/1976
- Data as of
- 06/2021
- EIN
- 51-0190132
Organization Overview
Cudell Improvement Inc is located in Cleveland, OH. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cudell Improvement Inc 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 06/2021, Cudell Improvement Inc generated $69.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.4%) each year. All expenses for the organization totaled $114.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (21.5%) per year over the past 6 years. 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
OUR MISSION/VISION IS DEDICATED TO THE STABILIZATION AND REVITALIZATION OF THE CUDELL/EDGEWATER AREAS OF CLEVELAND OHIO THROUGH HUMAN RESOURCE EFFORTS AND COMMERICIAL AND ECONOMIC DEVELOPMENT INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMERCIAL REVITALIZATION PROGRAM PROVIDED TECHNICAL ASSISTANCE TO INDEPENDENT BUSINESS OWNERS FOR THE PURPOSE OF STRENGTHENING LOCAL COMMERCIAL STRIPS. STAFF ORGANIZED AND STAFFED MERCHANT ASSOCIATIONS AND DESIGNED MARKETING CAMPAIGNS AND EVENTS TO ASSURE COMPETITIVENESS OF LOCAL BUSINESSES AND ATTRACT NEW CUSTOMERS TO THE COMMERCIAL STRIPS. A REAL ESTATE DEVELOPMENT AGENDA ACHIEVED THE ELIMINATION OF BLIGHT AND PRESERVED HISTORIC BUILDING FABRIC FOR FUTURE COMMUNITY GENERATIONS. THE COMMERCIAL REVITALIZATION PROGRAM ALSO IMPLEMENTED THE CITY OF CLEVELAND'S STOREFRONT RENOVATION PROGRAM THAT PRODUCED FOUR COMPLETED PROJECTS.
COMMERCIAL REVITALIZATION PROGRAM PROVIDED TECHNICAL ASSISTANCE TO INDEPENDENT BUSINESS OWNERS FOR THE PURPOSE OF STRENGTHENING LOCAL COMMERCIAL STRIPS. STAFF ORGANIZED AND STAFFED MERCHANT ASSOCIATIONS AND DESIGNED MARKETING CAMPAIGNS AND EVENTS TO ASSURE COMPETITIVENESS OF LOCAL BUSINESSES AND ATTRACT NEW CUSTOMERS TO THE COMMERCIAL STRIPS. A REAL ESTATE DEVELOPMENT AGENDA ACHIEVED THE ELIMINATION OF BLIGHT AND PRESERVED HISTORIC BUILDING FABRIC FOR FUTURE COMMUNITY GENERATIONS. THE COMMERCIAL REVITALIZATION PROGRAM ALSO IMPLEMENTED THE CITY OF CLEVELAND'S STOREFRONT RENOVATION PROGRAM THAT PRODUCED FOUR COMPLETED PROJECTS.
CUDELL IMPROVEMENT, INC.'S REAL ESTATE FUND ACQUIRES, REHABS AND MAINTAINS COMMERCIAL AND RESIDENTIAL BUILDINGS IN THE CUDELL/EDGEWATER AREA. THE PROPERTIES ACQUIRED CAN RUN THE GAMUT FROM VACANT LOTS THAT ARE LOCATED IN CRITICAL REDEVELOPMENT AREAS TO FORECLOSED HOMES IN THE 98 GREAT HOMES MODEL BLOCK. SOME VACANT LAND WAS TURNED INTO NEIGHBORHOOD GARDENS.
CUDELL IMPROVEMENT, INC.'S REAL ESTATE FUND ACQUIRES, REHABS AND MAINTAINS COMMERCIAL AND RESIDENTIAL BUILDINGS IN THE CUDELL/EDGEWATER AREA. THE PROPERTIES ACQUIRED CAN RUN THE GAMUT FROM VACANT LOTS THAT ARE LOCATED IN CRITICAL REDEVELOPMENT AREAS TO FORECLOSED HOMES IN THE 98 GREAT HOMES MODEL BLOCK. SOME VACANT LAND WAS TURNED INTO NEIGHBORHOOD GARDENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Slone President | OfficerTrustee | 1 | $0 |
Jonathan Steirer Vice Preside | OfficerTrustee | 1 | $0 |
Luciana Salles Secretary | OfficerTrustee | 1 | $0 |
Michael Flickinger Treasurer | OfficerTrustee | 1 | $0 |
Armand Accordino Director | Trustee | 1 | $0 |
Jeff Blazek Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,324 |
| Total Program Service Revenue | $14,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$177,585 |
| Net Income from Fundraising Events | -$4,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,324 |
| 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 | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $75,456 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,425 |
| Advertising and promotion | $958 |
| Office expenses | -$2,324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,488 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $422 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,582 |
| All other expenses | $51 |
| Total functional expenses | $114,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $605,239 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $68,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $81,175 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $452,064 |
| Net assets with donor restrictions | $140,000 |
| 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 | $0 |