Form 990 for tax year 2024
Filed by CLEVELAND DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $35,053
- Total expenses
- $62,062
- Contributions and grants received
- $21,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $14,053
- Other revenue
- $0
- Total assets, end of year
- $405,423
- Total liabilities, end of year
- $385,820
- Net assets or fund balances, end of year
- $19,603
- Program services expenses (Part IX)
- $57,897
- Management and general expenses
- $4,165
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $57,897
Program services were 93.3% 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.
-
1e · Government grants (contributions)
$4,000
-
1f · All other contributions, gifts and grants
$17,000
-
3 · Investment income
total $14,053 · excluded $14,053
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $4,085 · management and general $4,085
-
11g · Fees: other
total $28,000 · program services $28,000
-
12 · Advertising and promotion
total $1,998 · program services $1,998
-
13 · Office expenses
total $260 · program services $180 · management and general $80
-
14 · Information technology
total $335 · program services $335
-
17 · Travel
total $6,576 · program services $6,576
-
19 · Conferences, conventions and meetings
total $20,808 · program services $20,808
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $508,943 · end of year $405,419
-
4 · Accounts receivable
beginning of year $27,808 · end of year $4
-
9 · Prepaid expenses and deferred charges
beginning of year $71 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $32,347 · end of year $8,000
-
21 · Escrow or custodial account liability
beginning of year $457,863 · end of year $377,820
-
27 · Net assets without donor restrictions
beginning of year $592 · end of year $4,361
-
28 · Net assets with donor restrictions
beginning of year $46,020 · end of year $15,242
Mission and programs · 2024
Mission
Developing and improving Cleveland Ohio's civic visions.
Activities or mission (Part I)
Developing and improving Cleveland's civic visions.
-
Educating local officials and business members on Federal Public Policy. In June, the Cleveland Development Foundation, through its parent organization, Greater Cleveland Partnership, hosted more than 100 local leaders for its annual Washington, D.C. Fly-In. Held in collaboration with regional mayoral associations, the Empowering Local Leadership conference convened elected officials, business leaders, and civic partners to strengthen connections with federal policymakers. Participants engaged in policy briefings at the White House and Capitol Hill, met with Members of Congress and agency officials, and explored opportunities to align local priorities with federal resources. The event concluded with a bipartisan reception recognizing the support of Ohio's Members of Congress.
Expenses $57,897
As filed on the 2024 return.
Listed in Part VII
-
Dolan Paul
Chair
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Taylor Jr Eddie
Secretary
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Richardson Sean
Treasurer
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Arnold Craig
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Barlage Nic
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Cavoli James
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Connell Michele
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Cosgrove Bill
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
De Wagheneire Severine
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Evans Taylor
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Glass Steven
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 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
-
Liebert Rebecca
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Opsitnick Timothy
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Parmentier Jennifer
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
-
Petz Heidi
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Read Deborah
Director until 8/1/24
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Restivo Neal
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Stanek Michael
Director until 2/1/24
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Tierney Brian
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Whiting Vanessa
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Shah Baiju
President & CEO
- Total calculated
- $746,264
- From this org
- $0
- From related orgs
- $691,889
- Other
- $54,375
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $563,159 related
- Bonus
- $0 + $123,700 related
- Other
- $0 + $5,030 related
- Deferred
- $0 + $17,020 related
- Nontaxable benefits
- $0 + $37,355 related
- Filer's total
- $0 + $746,264 related
-
Ittu Yvette
EVP Finance & Operations
- Total calculated
- $441,740
- From this org
- $0
- From related orgs
- $406,571
- Other
- $35,169
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $329,772 related
- Bonus
- $0 + $43,100 related
- Other
- $0 + $33,699 related
- Deferred
- $0 + $7,042 related
- Nontaxable benefits
- $0 + $28,127 related
- Filer's total
- $0 + $441,740 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, 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 2024) 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 2024, Greater Cleveland Partnership, the parent organization, contributed $13,720 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.
-
501(c)(6) · Mobilizes private sector leadership, expertise and resources to create jobs · OH
-
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · Small business access to affordable/quality group insurance · OH · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523179349305672
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.