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← CLEVELAND DEVELOPMENT FOUNDATION

Form 990 for tax year 2022

Filed by CLEVELAND DEVELOPMENT FOUNDATION.

Totals

Total revenue
$0
Total expenses
$654
Contributions and grants received
$0
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$0
Management and general expenses
$654
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Stanek Michael

    Chair

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • DiRocco Joe

    Treasurer until 9/22

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Arnold Craig

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Cavoli James

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Chaikin Scott

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Cosgrove Bill

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DeWagheneire Severine

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dolan Paul

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Gorman Christopher

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Harmon Brad

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Haslam Dee

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Johnson Kevin

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kaler Eric

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Komoroski Len

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Lopez Joe

    Director until 12/22

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Morikis John

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Opsitnick Timothy

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Pastore Patrick

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Perez Cheryl

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Read Deborah

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Richardson Sean

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Schnur Eric

    Director until 1/22

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sundaram Nagarajan

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Taylor Jr Eddie

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Whiting Vanessa

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Williams Thomas

    Director until 6/22

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Young John

    Director until 1/22

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Shah Baiju

    President & CEO

    Total calculated
    $685,455
    From this org
    $0
    From related orgs
    $639,474
    Other
    $45,981
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $522,220 related
    Bonus
    $0 + $112,500 related
    Other
    $0 + $4,754 related
    Deferred
    $0 + $11,928 related
    Nontaxable benefits
    $0 + $34,053 related
    Filer's total
    $0 + $685,455 related

  • Ittu Yvette

    EVP Finance & Operations

    Total calculated
    $460,428
    From this org
    $0
    From related orgs
    $436,050
    Other
    $24,378
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,215 related
    Bonus
    $0 + $90,000 related
    Other
    $0 + $37,835 related
    Deferred
    $0 + -$1,898 related
    Nontaxable benefits
    $0 + $26,276 related
    Filer's total
    $0 + $460,428 related

  • Roman Joseph

    Former President & CEO

    Total calculated
    $291,551
    From this org
    $0
    From related orgs
    $291,551
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $291,551 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $291,551 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
Salaries of CDF staff have been subjected to review by a compensation committee created by its parent, The Greater Cleveland Partnership. The committee's responsibilities include approving compensation for employees of the organization including the President/CEO. An annual performance evaluation process is conducted for all employees. Compensation for all employees is evaluated against the market. The compensation committee utilizes the resources of an independent consulting firm in the evaluation process to provide local and national compensation comparable data. The results of the latest survey (GCP Executive Compensation Study - February 2022) provided that direct pay and indirect pay programs reflect market medians.
Part I, Line 3
Compensation for the CEO is determined by Greater Cleveland Partnership, a related organization, using the following methods: - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Compensation survey or study - Approval by the board or compensation committee
Part I, Line 4b
The Executive Vice President of Finance and Operations, Yvette Ittu, participates in a supplemental non-qualified 457(f) plan. In 2022, the organization contributed $25,436 to her 457(f) plan.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Greater Cleveland Partnership

    501(c)(6) · Mobilizes private sector leadership, expertise and resources to create jobs · OH

  • Economic Growth Foundation

    501(c)(3) · To promote & enhance civic, economic, and cultural growth. · OH · controlled entity

    Directly controlled by Greater Cleveland Partnership

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349309181

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