Is it real?
Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2011.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
47 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
20 people listed on the 990; $90K paid to officers and key staff.
Nicholas Fedor’s $90K as Executive Director is at the 65th percentile of top reported officer pay among 1708 $100K–1M community development 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 · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Nicholas Fedor | $89,719 | $82,694 | $82,694 | $82,694 | $86,001 |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Boosts Shaker Heights' commercial areas to strengthen neighborhoods and diversify its tax base.
Questions for Shaker Heights Development Corporation
Your first name shows with your question. Shaker Heights Development Corporation answers here, for everyone.
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The dealership is a coworking community in shaker heights for remote workers, freelancers, entrepreneurs, and small businesses.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $518K | $501K |
| InvestmentsLn 11–13 | $324K | $310K |
| Land, buildings, equipmentLn 10c | $199K | $181K |
| Total assetsLn 16 | $1.3M | $1.3M |
| LiabilitiesLn 26 | $325K | $320K |
| Net assetsLn 32 | $986K | $954K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $14K | $14K | ||
| Pay of current officers, directors and key staffLn 5 | $90K | $90K | ||
| InterestLn 20 | $3K | $3K | ||
| Depreciation, depletion and amortizationLn 22 | $18K | $18K | ||
| Other expenses (24a–d)Ln 24 | $197K | $117K | $79K | |
| Total functional expensesLn 25 | $322K | $150K | $172K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $291K | $322K | −$32K | $954K | 990 PDF |
| FY2023 | $298K | $356K | −$58K | $986K | 990 PDF |
| FY2022 | $363K | $320K | $43K | $1.0M | 990 PDF |
| FY2021 | $634K | $301K | $333K | $1.0M | 990 PDF |
| FY2020 | $433K | $310K | $124K | $668K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $290,507 revenue, 12 lines filed
Part VI · Governance 18 of 18 board members independent, 2 to look at
Part VIII · Statement of revenue $290,507 across 9 lines filed
Part IX · Statement of functional expenses $322,166 across 5 lines filed
Part X · Balance sheet $1,274,034 assets, 15 lines filed
Part XI · Reconciliation of net assets $954,253 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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