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Nonprofiteer
← SMART DEVELOPMENT INC

Form 990 for tax year 2022

Filed by SMART DEVELOPMENT INC.

Totals

Total revenue
$1,999,204
Total expenses
$1,702,588
Contributions and grants received
$1,971,164
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$28,040
Total assets, end of year
$8,161,157
Total liabilities, end of year
$1,180,265
Net assets or fund balances, end of year
$6,980,892
Program services expenses (Part IX)
$1,346,803
Management and general expenses
$355,785
Fundraising expenses
$0
Program service expenses (Part III)
$1,346,803

Program services were 79.1% 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

    $5,000

  • 1f · All other contributions, gifts and grants

    $1,966,164

  • 6a · Gross rents

    real property $28,040

  • 6c · Rental income or loss

    real property $28,040

  • 6d · Net rental income or loss

    total $28,040

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $2,052 · program services $2,052

  • 5 · Compensation of officers, directors and key employees

    total $146,245 · management and general $146,245

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $10,000 · management and general $10,000

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $20,544 · management and general $20,544

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $3,600 · management and general $3,600

  • 12 · Advertising and promotion

    total $1,666 · program services $1,666

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $9,138 · management and general $9,138

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $88,000 · management and general $88,000

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $5,731 · management and general $5,731

  • 24a · Other expenses: Car expenses 1,990 cleaning services 2,432

    total $4,422 · management and general $4,422

  • 24b · Other expenses: Bank fees 643 subscriptions 750 R/E 11,051

    total $12,444 · program services $11,051 · management and general $1,393

  • 24c · Other expenses: Equipment rental 7,953 extermintor 308

    total $8,261 · program services $8,261

  • 24d · Other expenses: Permit license 3,345 uttilities3,947 credit pd 22,055

    total $29,347 · program services $22,055 · management and general $7,292

  • 24e · All other expenses

    total $1,361,138 · program services $1,301,718 · management and general $59,420

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,077,444 · end of year $697,785

  • 4 · Accounts receivable

    end of year $56,000

  • 7 · Other notes and loans receivable

    beginning of year $289,832

  • 8 · Inventories for sale or use

    beginning of year $6,320,500 · end of year $6,433,462

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

    $432,400

  • 10c · Land, buildings and equipment, net

    beginning of year $432,400 · end of year $973,910

  • 17 · Accounts payable and accrued expenses

    end of year $4,213

  • 23 · Secured mortgages and notes payable

    beginning of year $936,000 · end of year $409,033

  • 24 · Unsecured notes and loans payable

    end of year $767,019

  • 25 · Other liabilities

    beginning of year $499,900

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $2,152,311 · end of year $2,125,632

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,531,965 · end of year $4,100,000

Mission and programs · 2022

Mission

The Organizations mission is to create sustainable and vibrant communities through neighborhood revitalization, affordable housing

Activities or mission (Part I)

The Organizations mission is to create sustainable and vibrant communities through neighborhood revitalization, affordable housing and wrap around supportive services ensuring all individual

  • Part 1 and Part 11. Statement of program service accomplishments Mission is to create, nourish, and build sustainable and vibrant communities through community based services, affordable housing, and wrap around supportive services ensuring all individuals and families can thrive while maintaining and celebrating diverse cultures, values and people. Smart Development provides direct wrap-around culturally competent service to alleviate hardships for those in need while operating in a collaborative spirit...Vision Smart Development strives to continuously spread our message of opportunity, hope, and equity. When communities struggle, we focus not only on short-term but long-term recovery for more diverse, equitable communities we call home. While we help all in need, we pride ourselves on being from the communities we serve, emphasizing refugee and immigrant communities be able to grow roots and become self-sufficient with acess to the same opportunities for all. We believe that a single action can make a difference in the community, and that collective action can greatly tranl

  • PART 111 4a Smart Developments services were developed and implemented to address the wrap-around needs of individuals and families to strengthen them by removing barriers to housing and social service access through culturally competent strength-based case management services. These services are open ended, allowing individuals and families the time needed to achieve their identified goals toward increased stability and socio-economics success. The majority of families served reside in Greater Cleveland, Ohio. Services are focused on addressing barriers that are common to families who reside in low income neighborhoods, with goals concentrated in the areas of community development, housing and community revitalization, civic engagement, financial literacy, employment, language access, education, and basic need.

    Expenses $1,346,803 · Grants $1,999,204 · Revenue $296,616

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mustafa Abed

    Executive Director/President

    Total calculated
    $73,923
    From this org
    $73,923
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related
  • Fahed Haq

    Treasurer and Secretary

    Total calculated
    $0
    Hours/week
    40 + 40 related
  • Nael Abushatafa

    Board Member

    Total calculated
    $0
    Hours/week
    20 + 20 related
  • Will Hassan

    Board Membebr

    Total calculated
    $0
    Hours/week
    20 + 20 related
  • Fatima Shendi

    Board Member

    Total calculated
    $0
    Hours/week
    20 + 20 related
  • Mahmound Mustafa

    Board Member

    Total calculated
    $0
    Hours/week
    20 + 20 related
  • Patrick Stemple

    Board Member

    Total calculated
    $0
    Hours/week
    20 + 20 related
  • Abdinoor Atallah

    Board Member

    Total calculated
    $0
    Hours/week
    20 + 20 related
  • Janeen Fayad

    Board Member

    Total calculated
    $0
    Hours/week
    20 + 20 related
  • Amal Hussein

    Board Member

    Total calculated
    $0
    Hours/week
    20 + 20 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.

Schedule J

Answered yes

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 9 · Followed the rebuttable-presumption procedure

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.

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202332259349300303

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