Form 990 for tax year 2022

Totals

Total revenue

$2,154,717

Total expenses

$2,021,033

Contributions and grants received

$1,881,949

Grants paid

$0

Program service revenue

$0

Investment income

$392

Other revenue

$272,376

Total assets, end of year

$2,744,592

Total liabilities, end of year

$2,474,734

Net assets or fund balances, end of year

$269,858

Program services expenses (Part IX)

$1,884,450

Management and general expenses

$136,583

Fundraising expenses

$0

Program service expenses (Part III)

$1,884,450

Program services were 93.2% 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.

Mission and programs · 2022

• MNTI - Down Payment Assistance - This program is designed to provide down payment assistance to qualified new homeowners in the Glenville neighborhood area. Homebuyers must purchase a home that is newly constructed or rehabilitated through the MNTI program. This component incurred $895,154 of expenses in calendar year 2022.

  Expenses $895,154 · Revenue $895,154

• City of Cleveland - MNTI - Homeowners Rehabilitation Program - There are two component for this program. One component for $750,000 is to rehabilitate vacant homes that are owned by another not-for-profit agency. This compponent incurred $413,991 of expenses. The other component for $1,600,000 is for rehabilitation of currently occupied homes that needed rehabilitation repairs to eliminate code violations or correct unsafe housing conditions. This component incurred $322,066 of expenses in calendar year 2022.

  Expenses $736,057 · Revenue $736,057

• City of Cleveland GlenVillage Retail Incubator - This program was designed to provide retail spaces and necessary equipment for eligible business in the Glenville area. Several businesses were provided assistance in calendar year 2022. This program was also designed to provide technical assistance to these businesses to help ensure their financial viability. The total historic estimated expenses for this program were $3,200,000. The MNTI epxenses incurred for this program in calendar year 2022 were $250,739.

  Expenses $250,739 · Grants $250,739

• Cleveland Foundation Grant Award to CCDC. This grant program was for software education to underserved income eligible students.

  Expenses $2,500 · Revenue $2,500

As filed on the 2022 return.

Listed in Part VII

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.

Provenance

Return type

form_990

Tax year

2022

Filed

13 May 2023

IRS schema version

2022v5.0

Source object

202322939349301832

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