Euclid Development Corp EIN 34-1234007

Euclid Development Corp

EIN  34-1234007 Public charity (501(c)(3)) Euclid, OH
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Encourages and promotes home building and neighborhood improvement in Euclid.
Leadership
Lisa Krieger · Executive Director · $65K
Money in and out
$760K revenue, $511K expenses
Bottom line
88% program efficiency

Encourages and promotes home building and neighborhood improvement in Euclid. For fiscal year 2024 it reported $760K in revenue, $511K in expenses, and $3.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$760K
Pt VIII · Ln 12
Total expenses
$511K
Pt IX · Ln 25
Net assets
$3.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $249K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.08 Fundraising $0.05
Program efficiency
88%
of spending reaches programs▲ +272% vs prior filing year
Operating runway
22.4mo
months of highly liquid reserves at operating expense rate▼ -59% vs prior filing year
Surplus margin
+33%
revenue over expenses, this year▲ +253% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$760K
FY2024▲ +281%
Expenses
$511K
FY2024▲ +182%
Total assets
$3.2M
FY2024▲ +8%
Total liabilities
$932
FY2024▼ -78%
Total revenue
$760K
Pt VIII · Ln 12
Total expenses
$511K
Pt IX · Ln 25
Net assets
$3.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$249K
Total assetsPt X · Ln 16$3.2M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

1 program service account for $448K of program spending, described in the organization's own filed words · FY2024.
01

Home improvement loans and loans to repair violations for qualifying homeowners within the City of Euclid.

$448Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEuclid Development Corp
EINHdr · item D34-1234007
Principal addressHdr · item CEuclid, OH
WebsiteHdr · item Jcityofeuclid.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L80Z)
Ruling yearIRS BMFFeb 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$65,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Lisa Krieger’s $65K as Executive Director is at the 55th percentile of top reported officer pay among 848 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lisa Krieger$65,000$60,000
Karen Tomsic$30,563$29,754$29,929

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$676K · 89%
Other revenue$52K · 7%
Investment income$31K · 4%
Contributions & grants89%$676K
Other revenue7%$52K
Investment income4%$31K
— government grantsLn 1e$676K
Total revenueLn 12$760K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.08 Fundraising $0.05
Program services88%$448K
Management & general8%$39K
Fundraising5%$25K
Total functional expensesLn 25$511K

Balance Sheet

Part X · end of year
CashLn 1$953K
Total assetsLn 16$3.2M
Total liabilitiesLn 26$932
Total net assetsLn 32$3.2M
Months of cash on handcomputed22.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $953K · Operating expenses/yr $511K
22.4 months
Where the money goes
Program services
Program services $448K · Total expenses $511K
88%
Management & General
Management & general $39K · Total expenses $511K
8%
Fundraising
Fundraising $25K · Total expenses $511K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $676K · Total revenue $760K
89%
Government reliance
Government grants $676K · Total revenue $760K
89%
Earned-income share
Program service revenue $0 · Total revenue $760K
0%
Investment reliance
Investment income $31K · Total revenue $760K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $511K
0%
Growth & trend
Revenue growth (YoY)
This year $760K · Prior year $200K
+281%
Revenue CAGR
FY2020 $84K · FY2024 $760K
+73%
Net-asset trend (YoY)
End of year $3.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $760K · Expenses $511K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
Net-asset ratio
Net assets $3.2M · Total assets $3.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lisa Krieger · Reported title Executive Director · Highest reported compensation $65K · Total expenses $511K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $125K · Total expenses $511K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 8%
Fundraising cost ratio 4%
Revenue growth 281%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$760K revenue · viewing · ⤓ 990 PDF
FY2023$200K revenue · ⤓ 990 PDF
FY2022$207K revenue · ⤓ 990 PDF
FY2021$200K revenue · ⤓ 990 PDF
FY2020$84K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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