Form 990 for tax year 2024

Filed by NORTHWEST NEIGHBORHOODS CDC.

Totals

Total revenue: $2,646,514
Total expenses: $3,605,975
Contributions and grants received: $1,004,687
Grants paid: $0
Program service revenue: $440,501
Investment income: $275,009
Other revenue: $926,317
Total assets, end of year: $10,831,291
Total liabilities, end of year: $25,056,465
Net assets or fund balances, end of year: -$14,225,174
Program services expenses (Part IX): $3,058,626
Management and general expenses: $544,246
Fundraising expenses: $3,103
Program service expenses (Part III): $3,058,626

Program services were 84.8% 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)

$597,801
1f · All other contributions, gifts and grants

$406,886
2a · Program service revenue: PROPERTY MANAGEMENT

total $440,501 · related or exempt $440,501
3 · Investment income

total $18,145 · excluded $18,145
6a · Gross rents

real property $449,794
6b · Less rental expenses

real property $37,742
6c · Rental income or loss

real property $412,052
6d · Net rental income or loss

total $412,052 · related or exempt $412,052
7a · Gross sales of assets other than inventory

other assets $413,000
7b · Less cost or other basis and sales expenses

other assets $156,136
7c · Gain or loss

other assets $256,864
7d · Net gain or loss

total $256,864 · related or exempt $256,864
11a · Other revenue: THEATRE REVENUE

total $510,886 · unrelated business $510,886
11b · Other revenue: MISC. REVENUE

total $3,379 · related or exempt $3,379
11e · Other revenue, total

$514,265

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $102,335 · program services $83,730 · management and general $18,605
7 · Other salaries and wages

total $956,336 · program services $782,472 · management and general $173,864
8 · Pension plan contributions

total $3,153 · program services $2,580 · management and general $573
9 · Other employee benefits

total $135,412 · program services $105,835 · management and general $29,577
10 · Payroll taxes

total $74,261 · program services $57,293 · management and general $16,968
11a · Fees: management

total $102,198 · program services $102,198
11c · Fees: accounting

total $60,000 · management and general $60,000
11g · Fees: other

total $148,649 · program services $14,448 · management and general $134,201
12 · Advertising and promotion

total $13,277 · program services $7,144 · management and general $5,895 · fundraising $238
13 · Office expenses

total $135,352 · program services $74,585 · management and general $60,797 · fundraising -$30
16 · Occupancy

total $152,585 · program services $152,276 · management and general $249 · fundraising $60
17 · Travel

total $597 · program services $197 · management and general $400
19 · Conferences, conventions and meetings

total $2,938 · program services $552 · management and general $2,386
20 · Interest

total $31,622 · program services $31,622
22 · Depreciation, depletion and amortization

total $289,560 · program services $269,035 · management and general $20,525
23 · Insurance

total $62,954 · program services $43,838 · management and general $19,116
24a · Other expenses: PASSTHROUGH LOSSES

total $1,055,378 · program services $1,055,378
24b · Other expenses: PROGRAMS - OTHER

total $237,454 · program services $234,529 · management and general $90 · fundraising $2,835
24c · Other expenses: THEATER COST OF SALES

total $204,695 · program services $204,695
24d · Other expenses: REPAIRS AND MAINTENANCE

total $157,255 · program services $157,255
24e · All other expenses

total -$320,036 · program services -$321,036 · management and general $1,000

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $412,577 · end of year $534,857
4 · Accounts receivable

beginning of year $1,075,991 · end of year $971,362
7 · Other notes and loans receivable

beginning of year $2,004,064 · end of year $2,557,335
9 · Prepaid expenses and deferred charges

beginning of year $6,105 · end of year $6,105
10a · Land, buildings and equipment: cost or other basis

$10,507,267
10b · Land, buildings and equipment: accumulated depreciation

$4,427,544
10c · Land, buildings and equipment, net

beginning of year $6,436,223 · end of year $6,079,723
13 · Investments: program-related

beginning of year $1,148 · end of year $179
14 · Intangible assets

beginning of year $1,060 · end of year $0
15 · Other assets

beginning of year $815,251 · end of year $681,730
17 · Accounts payable and accrued expenses

beginning of year $674,133 · end of year $712,896
21 · Escrow or custodial account liability

beginning of year $169,988 · end of year $114,039
23 · Secured mortgages and notes payable

beginning of year $4,757,320 · end of year $4,787,234
25 · Other liabilities

beginning of year $18,356,691 · end of year $19,442,296
27 · Net assets without donor restrictions

beginning of year -$13,205,713 · end of year -$14,225,174

Mission and programs · 2024

Mission

NORTHWEST NEIGHBORHOODS PROVIDES COMPREHENSIVE COMMUNITY DEVELOPMENT SERVICES TO NEARLY 28,000 RESIDENTS IN CUDELL, DETROIT SHOREWAY, AND EDGEWATER ON THE WEST SIDE OF CLEVELAND, OHIO. THROUGH COLLABORATION, OUR ORGANIZATION GUIDES THE PHYSICAL, ECONOMIC, AND SOCIAL DEVELOPMENT OF THE NEIGHBORHOODS WE SERVE TOWARD IMPROVED QUALITY OF LIFE.

PROPERTY MANAGEMENT AND REDEVELOPMENT - PROVIDES PROPERTY MANAGEMENT, DEVELOPMENT, GENERAL CONTRACTING, AND OTHER SERVICES FOR THE MAINTENANCE AND DEVELOPMENT OF HOUSING FOR LOW AND MODERATE INCOME PEOPLE

Expenses $2,119,467 · Revenue $697,365
COMMERCIAL DEVELOPMENT - PROVIDES ASSISTANCE TO LOCAL MERCHANTS AND INDUSTRIES THROUGH EXPANSION AND BUILDING IMPROVEMENTS

Expenses $303,516
CITIZEN PARTICIPATION - PROVIDES COMMUNITY-RELATED SERVICES SUCH AS PROVIDING SUPPORT TO NEIGHBORHOOD GROUPS AND SUMMER YOUTH EMPLOYMENT PROGRAMS TO ENHANCE THE QUALITY OF LIFE FOR AREA RESIDENTS. GORDON SQUARE ARTS - RENOVATION AND CONSTRUCTION OF THEATRES IN THE ART DISTRICT OF CLEVELAND'S WEST SIDE WHERE A POWERFUL COMBINATION OF HOUSING, NEW BUSINESSES, THE ARTS AND NEIGHBORHOOD BEAUTIFICATION ARE SPARKING THE DEVELOPMENT OF NEW JOBS FOR RESIDENTS.

Expenses $635,643

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

Listed in Part VII

Vince CaringiVINCE CARINGI

DIRECTOR

Total calculated

$0

Hours/week

0.5
Moneeke DavisMONEEKE DAVIS

DIRECTOR

Total calculated

$0

Hours/week

0.5
Michael FlickingerMICHAEL FLICKINGER

DIRECTOR

Total calculated

$0

Hours/week

0.5
Paula FurstPAULA FURST

DIRECTOR

Total calculated

$0

Hours/week

0.5
Paterson GauntnerPATERSON GAUNTNER

DIRECTOR

Total calculated

$0

Hours/week

0.5
Nikki HudsonNIKKI HUDSON

DIRECTOR

Total calculated

$0

Hours/week

0.5
Emma JochumEMMA JOCHUM

DIRECTOR

Total calculated

$0

Hours/week

0.5
Tim KruegerTIM KRUEGER

DIRECTOR

Total calculated

$0

Hours/week

0.5
Moses NgongMOSES NGONG

DIRECTOR

Total calculated

$0

Hours/week

0.5
Charles ParkCHARLES PARK

DIRECTOR

Total calculated

$0

Hours/week

0.5
Luciana SallesLUCIANA SALLES

DIRECTOR

Total calculated

$0

Hours/week

0.5
Matthew ThomasMATTHEW THOMAS

DIRECTOR

Total calculated

$0

Hours/week

0.5
Nina HolzerNINA HOLZER

DIRECTOR

Total calculated

$0

Hours/week

0.5
Teresa McCurryTERESA MCCURRY

DIRECTOR

Total calculated

$0

Hours/week

0.5
Charles SloneCHARLES SLONE

DIRECTOR

Total calculated

$0

Hours/week

0.5
Catherine DonnellyCATHERINE DONNELLY

DIRECTOR

Total calculated

$0

Hours/week

0.5
Margarita RomanMARGARITA ROMAN

DIRECTOR

Total calculated

$0

Hours/week

0.5
Bridget Kent MarquezBRIDGET KENT MARQUEZ

EXECUTIVE DIRECTOR

Total calculated

$102,335

From this org

$102,335

From related orgs

$0

Other

$0

Hours/week

40
Anna PerlmutterANNA PERLMUTTER

PRESIDENT

Total calculated

$0

Hours/week

2
Millie CaraballoMILLIE CARABALLO

TREASURER

Total calculated

$0

Hours/week

2
Jonathan SteirerJONATHAN STEIRER

VICE PRESIDENT

Total calculated

$0

Hours/week

2
Anshawn IveryANSHAWN IVERY

SECRETARY

Total calculated

$0

Hours/week

2

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.

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.

GORDON SQUARE ARTS DISTRICT - CLEVELAND IMPROVEMENT CORP

501(C)(3) · FUNDRAISING · OH

Directly controlled by NORTHWEST NEIGHBORHOODS CDC

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.

SYLVIA FRANKLIN LLC

RENTAL REAL ESTATE · OH · income -$71,139 · assets $2,002,589

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
GORDON SQUARE COMMERCIAL LLC

RENTAL REAL ESTATE · OH · income $92,758 · assets $499,110

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
CAPITOL THEATRE LLC

MOVIE THEATRE · OH · income -$256,240 · assets $3,880,768

Directly controlled by NORTHWEST NEIGHBORHOODS CDC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

COURTLAND BUILDING LTD

RELATED · RENTAL REAL ESTATE · OH · 99.99% owned · share of income -$19,474 · share of assets $1,206,152

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
GORDON SQUARE HOMES LP

RELATED · RENTAL REAL ESTATE · OH · 99.99% owned · share of income -$542,114 · share of assets $4,972,901

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
OCDS LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · OH · 50% owned · share of income -$219,113 · share of assets $1,916,478

Directly controlled by NORTHWEST NEIGHBORHOODS CDC

Related corporations and trusts

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

ASPEN PLACE APARTMENTS INC

C · RENTAL REAL ESTATE · OH · 100% owned · share of income -$40 · share of assets $27,562

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
COURTLAND BUILDING INC

C · RENTAL REAL ESTATE · OH · 100% owned · share of income -$2 · share of assets -$68,060

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
DETROIT AVENUE I CORP

C · RENTAL REAL ESTATE · OH · 100% owned · share of income -$37,637 · share of assets -$37,637

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
DS WEST 25 INC

C · RENTAL REAL ESTATE · OH · 100% owned

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
GORDON SQUARE HOMES INC

C · RENTAL REAL ESTATE · OH · 100% owned · share of income -$59,203 · share of assets -$181,462

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
HISTORIC SHOREWAY INC

C · RENTAL REAL ESTATE · OH · 100% owned · share of income -$588 · share of assets -$804

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
LION MILLS INC

C · RENTAL REAL ESTATE · OH · 100% owned · share of income -$29 · share of assets $31,126

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
MUIRVILLE CORPORATION

C · RENTAL REAL ESTATE · OH · 100% owned · share of income -$66,197 · share of assets -$1,384,200

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
NWN DEPOT INC

C · RENTAL REAL ESTATE · OH · 100% owned

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
OCDS INC

C · RENTAL REAL ESTATE · OH · 50% owned · share of income -$110,675 · share of assets -$297,216

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
TEMPLIN-BRADLEY INC

C · RENTAL REAL ESTATE · OH · 100% owned · share of income -$306 · share of assets $142,320

Directly controlled by NORTHWEST NEIGHBORHOODS CDC
W80 SENIOR INC

C · RENTAL REAL ESTATE · OH · 100% owned

Directly controlled by NORTHWEST NEIGHBORHOODS CDC

Provenance

Return type: form_990
Tax year: 2024
Filed: 12 November 2025
IRS schema version: 2024v5.2
Source object: 202503169349302805

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