Skip to content
Nonprofiteer
← MIDTOWN CLEVELAND

Form 990 for tax year 2024

Filed by MIDTOWN CLEVELAND.

Totals

Total revenue
$1,520,858
Total expenses
$1,612,551
Contributions and grants received
$1,490,555
Grants paid
$0
Program service revenue
$0
Investment income
$22,113
Other revenue
$8,190
Total assets, end of year
$4,049,297
Total liabilities, end of year
$1,429,497
Net assets or fund balances, end of year
$2,619,800
Program services expenses (Part IX)
$1,193,952
Management and general expenses
$305,849
Fundraising expenses
$112,750
Program service expenses (Part III)
$1,193,952

Program services were 74.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $335,682

  • 1c · Fundraising events

    $15,106

  • 1e · Government grants (contributions)

    $164,694

  • 1f · All other contributions, gifts and grants

    $975,073

  • 3 · Investment income

    total $22,113 · excluded $22,113

  • 6a · Gross rents

    real property $7,187

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $7,187

  • 6d · Net rental income or loss

    total $7,187 · excluded $7,187

  • 8a · Fundraising events: gross income

    $29,969

  • 8a · Fundraising events: contributions included on line 1c

    $15,106

  • 8b · Fundraising events: direct expenses

    $29,969

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,003 · related or exempt $1,003

  • 11e · Other revenue, total

    $1,003

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $124,962 · program services $110,067 · management and general $2,532 · fundraising $12,363

  • 7 · Other salaries and wages

    total $637,125 · program services $561,180 · management and general $12,912 · fundraising $63,033

  • 9 · Other employee benefits

    total $81,929 · program services $57,350 · management and general $20,483 · fundraising $4,096

  • 10 · Payroll taxes

    total $58,738 · program services $47,638 · management and general $5,517 · fundraising $5,583

  • 11c · Fees: accounting

    total $79,525 · management and general $79,525

  • 11f · Fees: investment management

    total $8,130 · management and general $8,130

  • 11g · Fees: other

    total $9,567 · management and general $9,567

  • 12 · Advertising and promotion

    total $69,694 · program services $56,384 · management and general $11,873 · fundraising $1,437

  • 13 · Office expenses

    total $14,600 · management and general $14,600

  • 14 · Information technology

    total $17,037 · management and general $16,185 · fundraising $852

  • 16 · Occupancy

    total $97,016 · program services $8,317 · management and general $84,377 · fundraising $4,322

  • 19 · Conferences, conventions and meetings

    total $54,796 · program services $19,982 · management and general $13,750 · fundraising $21,064

  • 20 · Interest

    total $1,683 · management and general $1,683

  • 22 · Depreciation, depletion and amortization

    total $9,728 · management and general $9,728

  • 23 · Insurance

    total $7,753 · management and general $7,753

  • 24a · Other expenses: SPECIAL PROJECTS

    total $313,645 · program services $313,645

  • 24b · Other expenses: MISCELLANEOUS

    total $21,082 · program services $18,266 · management and general $2,816

  • 24c · Other expenses: PROF DEVT & EDUCATION

    total $5,541 · program services $1,123 · management and general $4,418

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,777,897 · end of year $1,761,952

  • 3 · Pledges and grants receivable

    beginning of year $763,684 · end of year $953,146

  • 9 · Prepaid expenses and deferred charges

    beginning of year $647,042 · end of year $579,916

  • 10a · Land, buildings and equipment: cost or other basis

    $228,206

  • 10b · Land, buildings and equipment: accumulated depreciation

    $148,579

  • 10c · Land, buildings and equipment, net

    beginning of year $89,355 · end of year $79,627

  • 12 · Investments: other securities

    beginning of year $591,577 · end of year $661,542

  • 15 · Other assets

    beginning of year $13,114 · end of year $13,114

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,613 · end of year $146,400

  • 19 · Deferred revenue

    beginning of year $75,000 · end of year $75,000

  • 23 · Secured mortgages and notes payable

    beginning of year $46,026 · end of year $24,774

  • 25 · Other liabilities

    beginning of year $1,024,932 · end of year $1,183,323

  • 27 · Net assets without donor restrictions

    beginning of year $1,666,121 · end of year $1,438,837

  • 28 · Net assets with donor restrictions

    beginning of year $988,977 · end of year $1,180,963

Mission and programs · 2024

Mission

MIDTOWN CLEVELAND, INC. LEVERAGES ITS DIVERSE ASSETS TO CREATE A DYNAMIC NEIGHBORHOOD THAT UNITES CLEVELAND'S DOWNTOWN AND INNOVATION DISTRICTS.

Activities or mission (Part I)

MIDTOWN CLEVELAND, INC. LEVERAGES ITS DIVERSE ASSETS TO (CONTINUED ON SCHEDULE O)CREATE A DYNAMIC NEIGHBORHOOD THAT UNITES CLEVELAND'S DOWNTOWN AND INNOVATION DISTRICTS.

  • MIDTOWN CLEVELAND, INC. IS A DYNAMIC AND HIGH PERFORMING 501(C)(3) ECONOMIC AND COMMUNITY DEVELOPMENT CORPORATION WHOSE VISION IS OF A CONNECTED COMMUNITY IN THE CENTER OF IT ALL, AN INCLUSIVE PLACE FOR PEOPLE TO LIVE, CREATE, PROSPER AND GROW. MIDTOWN HAS WORKED WITH STRATEGIC PARTNERS TO USHER IN REMARKABLE GROWTH AND TRANSFORMATION OVER THE PAST SEVERAL YEARS, ATTRACTING MORE BUSINESSES, NONPROFITS, RESIDENTS, AND INSTITUTIONS TO THE NEIGHBORHOOD, STIMULATING DEVELOPMENT AND HELPING CHANGE THE AREA FROM A PASS-THROUGH TO A PLACE WITH A TANGIBLE FOCUS ON COMMUNITY EMPOWERMENT AND EQUITABLE DEVELOPMENT. MIDTOWN PLANNED OVER 50 EVENTS AND PROGRAMS TO BUILD COMMUNITY, ADDED PUBLIC ART TO THE NEIGHBORHOOD, PROVIDED SUPPORT TO INDIVIDUALS AND BUSINESSES STRUGGLING DURING (CONTINUED ON SCHEDULE O) COVID, AND CONTINUED TO ATTRACT DEVELOPMENT TO THE NEIGHBORHOOD.

    Expenses $1,193,952

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Erika Anthony

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Bob Brown

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Maria Campanelli

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Michele Crawford

    COMMUNITY CONNECTIONS CO-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Brenden Dalzell

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Paul Deutsch

    ECONOMIC DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Dan Fashimpaur

    EMERITUS CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Paul Federico

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Matt Fitzsimmons

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Pam Gill

    SECRETARY/GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Jordan Javier

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Stephanie McHenry

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Candice Miller

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Chinemerem Onyeukwu

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Lissy Rand

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Julie Rehm

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Julian Rogers

    COMMUNITY CONNECTIONS CO-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Aaron Saltzman

    TREASURER/FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Debbie Sibila

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Elaine Tso

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Michael White

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Ashley Shaw

    EXECUTIVE DIRECTOR

    Total calculated
    $124,962
    From this org
    $124,962
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LASSI ENTERPRISES LLC

    PROPERTY HOLDER · OH · income $0 · assets $0

    Directly controlled by MIDTOWN CLEVELAND INC

Related corporations and trusts

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

  • HEALTH CORRIDOR CDE INC

    C · ECONOMIC REDEVELOPMENT - INACTIVE · OH · 100% owned · controlled entity

    Directly controlled by MIDTOWN CLEVELAND INC

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503219349312120

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.