Form 990 for tax year 2022

Totals

Total revenue

$613,817

Total expenses

$615,133

Contributions and grants received

$537,134

Grants paid

$0

Program service revenue

$71,604

Investment income

$124

Other revenue

$4,955

Total assets, end of year

$2,149,646

Total liabilities, end of year

$806,667

Net assets or fund balances, end of year

$1,342,979

Program services expenses (Part IX)

$559,808

Management and general expenses

$55,325

Fundraising expenses

$0

Program service expenses (Part III)

$559,808

Program services were 91.0% 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.

Mission and programs · 2022

• REPAIR ASSISTANCE TO PROPERTY OWNERS:OWB WORKS CLOSELY WITH PROPERTY OWNERS IN A TARGETED, BLOCK BY BLOCK APPROACH TO STRENGTHENING THE NEIGHBORHOODS WITHIN THE WEST BAYFRONT. OWB PROVIDES ASSISTANCE TO PROPERTY OWNERS, TO HELP THEM MAKE REPAIRS AND IMPROVEMENTS TO THE EXTERIOR OF THEIR BUILDINGS, STRENGTHENING THE TAX BASE, STABILIZING THE MARKET, AND INCREASING PRIDE IN THE NEIGHBORHOOD. TYPICAL PROJECTS INCLUDE ROOF REPLACEMENT, WINDOW REPLACEMENT, PAINTING, SIDING, AND PORCH REPAIRS. IN 2022-2023 OWB PROVIDED ASSISTANCE TO 18 PROPERTY OWNERS, LEVERAGING ADDITIONAL INVESTMENTS FROM PROPERTY OWNERS AND GENERATING CONSTRUCTION JOBS.

  Expenses $176,152

• PROPERTY ACQUISITION AND RENOVATIONS:OUR WEST BAYFRONT WORKS WITH THE CITY OF ERIE'S LAND BANK AND OTHER PARTNERS TO IDENTIFY AND ACQUIRE DETERIORATED PROPERTIES IN NEED OF RENOVATION THAT ARE NOT BEING ADDRESSED BY PRIVATE MARKET CONDITIONS. THE TRANSFORMATION OF THESE PROPERTIES CONTRIBUTES TO OWB'S TARGETED REVITALIZATION GOALS AND HELPS TO STABILIZE THE MARKET IN THE TRANSITIONAL NEIGHBORHOODS THAT OWB SERVES. IN ADDITION TO CREATING NEW AFFORDABLE QUALITY HOUSING AND COMMERCIAL SPACES, THE TRANSFORMATION OF THESE PROPERTIES HAS INDIRECT BENEFITS FOR THE ENTIRE BLOCK BY IMPROVING BLIGHTED AND UNSAFE CONDITIONS. IN 2022-23, OWB , EXECUTED AN AGREEMENT WITH THE CITY OF ERIE LAND BANK TO ACQUIRE A TAX FORECLOSED PROPERTY. THE ACQUISITION WAS COMPLETED IN JULY OF 2023. OWB ALSO CONTINUED PRELIMINARY REDEVELOPMENT WORK ON THREE OTHER VACANT PROPERTIES IT OWNS, INCLUDING INTERIOR DEMOLITION AND SCOPE DEVELOPMENT, AND WORKED TO SECURE FINANCING TO COMPLETE THE FULL GUT RENOVATION OF ALL THREE PROPERTIES.

  Expenses $107,637 · Revenue $58,661

• PUBLIC SPACE IMPROVEMENTS:OWB PARTNERS WITH THE CITY OF ERIE AND NEIGHBORHOOD RESIDENTS TO CONCEPTUALIZE, DESIGN, AND IMPLEMENT IMPROVEMENTS TO COMMUNITY SPACES INCLUDING PUBLIC PARKS, STREETSCAPES, VACANT LOTS, AND COMMUNITY GATEWAYS. THESE IMPROVEMENTS ENCOURAGE USE OF PARKS AND PUBLIC SPACES, HELP RESIDENTS FEEL SAFER AND MORE COMFORTABLE IN PUBLIC SPACES, AND GENERALLY ENHANCE THE APPEAL OF THE COMMUNITY TO STABILIZE THE NEIGHBORHOOD. IN 2022-2023 OWB COORDINATED A VARIETY OF PUBLIC SPACE AND SAFETY IMPROVEMENT PROJECTS THROUGHOUT THE COMMUNITY. OWB FACILITATED A PROCESS TO REDESIGN GRIDLEY PARK, AN HISTORIC PARK IN THE HEART OF THE COMMUNITY, BASED ON COMMUNITY INPUT. THE PROPOSED CONCEPT PLAN WILL BE THE BASIS FOR FUTURE PARK IMPROVEMENTS. OWB WORKED WITH PARTNERS THE MLK JR. CENTER AND ERIE ARTS AND CULTURE TO CREATE A MURAL LOCATED ON THE SIDE OF THE BAYFRONT MINIMALL, ADJACENT TO AN IMPROVED POCKET PARK CREATED SEVERAL YEARS AGO. OWB ALSO COORDINATED A STREETSCAPE DESIGN PLAN FOR WEST 8TH STREET, AS WELL AS THE DESIGNS FOR PROPOSED NEIGHBORHOOD IDENTITY SIGNAGE THAT WILL BE INSTALLED IN THE COMING YEAR. WORKING WITH PARTNER ORGANIZATION RE-LEAF AND VOLUNTEERS, OWB PLANTED NUMEROUS TREES AND COMPLETED THE INSTALLATION OF EXTERIOR LIGHTING AT RESIDENTIAL HOMES.

  Expenses $21,748

• BUILDING COMMUNITY:OWB WORKS WITH NUMEROUS COMMUNITY PARTNERS TO PROVIDE PROGRAMMING TO ACTIVATE PUBLIC SPACES, BUILD COMMUNITY PRIDE, STRENGTHEN RELATIONSHIPS AMONG RESIDENTS, AND SUPPORT CIVIC ENGAGEMENT, ATTENDED BY APPROXIMATELY 4000 PEOPLE THROUGHOUT THE YEAR. EVENTS DURING 2022-2023 INCLUDED THE WEST BAYFIT SUMMER RECREATION SERIES, EEERIE FALL FEST AT GRIDLEY PARK, NATIONAL NIGHT OUT, A SPRING CLEANUP, PORCHFEST MUSIC FESTIVAL, AND MORE. OWB ALSO OFFERED FREE WORKSHOPS WITH TIPS ON IMPROVING HOME ENERGY EFFICIENCY, HOME GARDENING, AND DIY HOME REPAIRS.

  Expenses $254,271 · Revenue $4,667

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

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.

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.

• GANNON UNIVERSITY

  501(C)(3) · HIGHER EDUCATION · PA

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.

Provenance

Return type

form_990

Tax year

2022

Filed

2 May 2024

IRS schema version

2022v5.0

Source object

202431279349301448

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