Form 990 for tax year 2024
Filed by BARBERTON COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,447,044
- Total expenses
- $1,169,138
- Contributions and grants received
- $426,215
- Grants paid
- $0
- Program service revenue
- $1,020,829
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $9,650,684
- Total liabilities, end of year
- $3,848,091
- Net assets or fund balances, end of year
- $5,802,593
- Program services expenses (Part IX)
- $1,040,575
- Management and general expenses
- $128,563
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,040,575
Program services were 89.0% 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.
-
1f · All other contributions, gifts and grants
$426,215
-
2a · Program service revenue: RENTAL INCOME
total $635,629 · related or exempt $635,629
-
2b · Program service revenue: INTEREST ON LOANS
total $336,767 · related or exempt $336,767
-
2c · Program service revenue: ADMINISTRATIVE FEE INCOME
total $24,626 · related or exempt $24,626
-
2d · Program service revenue: APPLICATION AND LOAN FEES
total $13,067 · related or exempt $13,067
-
2e · Program service revenue: OTHER LOAN INCOME
total $8,849 · related or exempt $8,849
-
2f · All other program service revenue
total $1,891 · related or exempt $1,891
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $126,465 · program services $88,525 · management and general $37,940
-
7 · Other salaries and wages
total $121,330 · program services $104,742 · management and general $16,588
-
8 · Pension plan contributions
total $19,189 · program services $14,164 · management and general $5,025
-
9 · Other employee benefits
total $41,683 · program services $31,006 · management and general $10,677
-
10 · Payroll taxes
total $18,916 · program services $14,745 · management and general $4,171
-
13 · Office expenses
total $8,803 · program services $5,810 · management and general $2,993
-
16 · Occupancy
total $55,450 · program services $42,932 · management and general $12,518
-
19 · Conferences, conventions and meetings
total $2,313 · program services $1,156 · management and general $1,157
-
20 · Interest
total $162,615 · program services $162,615
-
22 · Depreciation, depletion and amortization
total $113,780 · program services $102,222 · management and general $11,558
-
23 · Insurance
total $26,782 · program services $24,104 · management and general $2,678
-
24a · Other expenses: GRANTS PAID
total $289,057 · program services $289,057
-
24b · Other expenses: PROFESSIONAL FEES
total $91,253 · program services $83,623 · management and general $7,630
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $82,294 · program services $74,065 · management and general $8,229
-
24d · Other expenses: BAD DEBTS
total $5,495 · management and general $5,495
-
24e · All other expenses
total $3,713 · program services $1,809 · management and general $1,904
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,077,848 · end of year $1,276,769
-
9 · Prepaid expenses and deferred charges
beginning of year $13,677 · end of year $14,812
-
10a · Land, buildings and equipment: cost or other basis
$3,241,968
-
10b · Land, buildings and equipment: accumulated depreciation
$959,523
-
10c · Land, buildings and equipment, net
beginning of year $2,259,824 · end of year $2,282,445
-
15 · Other assets
beginning of year $6,319,261 · end of year $6,076,658
-
17 · Accounts payable and accrued expenses
beginning of year $99,629 · end of year $89,220
-
23 · Secured mortgages and notes payable
beginning of year $4,046,294 · end of year $3,758,871
-
27 · Net assets without donor restrictions
beginning of year $4,449,525 · end of year $4,549,372
-
28 · Net assets with donor restrictions
beginning of year $1,075,162 · end of year $1,253,221
Mission and programs · 2024
Mission
TO PROVIDE ASSISTANCE TO SMALL BUSINESSES
-
THE ORGANIZATION MAKES/SERVICES LOANS TO LOCAL EMPLOYERS TO FURTHER LOCAL INDUSTRY WHICH IN TURN PROMOTES PUBLIC WELFARE THROUGH ECONOMIC DEVELOPMENT/CREATION OF JOBS.
Expenses $539,909 · Revenue $385,200
-
DEVELOPMENT/MANAGEMENT OF INDUSTRIAL AND COMMERCIAL PROPERTY, COORDINATION OF BUSINESS EXPANSION NEEDS, INVOLVEMENT IN BUSINESS ATTRACTION/RETENTION ACTIVITIES, AND ACTING AS A LOCATOR OF SITES AVAILABLE FOR PURCHASE, LEASING AND DEVELOPMENT.
Expenses $500,666 · Revenue $635,629
As filed on the 2024 return.
Listed in Part VII
-
Scott WagnerSCOTT WAGNER
EXECUTIVE DI
- Total calculated
- $155,842
- From this org
- $124,688
- From related orgs
- $0
- Other
- $31,154
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,688
- Bonus
- not reported
- Other
- not reported
- Deferred
- $31,154
- Nontaxable benefits
- not reported
- Filer's total
- $155,842
-
Tom AndersTOM ANDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brad AngeloffBRAD ANGELOFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ellen BettsELLEN BETTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melanie Black-AmatoMELANIE BLACK-AMATO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Colin DelagrangeCOLIN DELAGRANGE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca GearhartREBECCA GEARHART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Justin GreerJUSTIN GREER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tom HarndenTOM HARNDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert IncorvatiROBERT INCORVATI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John JudgeJOHN JUDGE
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 2
-
Mayor William JudgeMAYOR WILLIAM JUDGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dennis LiddleDENNIS LIDDLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob MartinBOB MARTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob McKeeBOB MCKEE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Barry RosenbaumBARRY ROSENBAUM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Patricia ShultzPATRICIA SHULTZ
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Terry TaylorTERRY TAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pete WearstlerPETE WEARSTLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
None.
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
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.
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.
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THE BARBERTON LAND AND IMPROVEMENT
HOLDING CO · OH · income $622,328 · assets $3,127,635
Directly controlled by BARBERTON
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 December 2025
- IRS schema version
- 2024v5.0
- Source object
- 202610639349301466
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