Slavic Village Development FY2024 filing

Tax-deductible

Cleveland, OH501(c)(3)Since 1980Community DevelopmentEIN 34-1344279

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Slavic Village Development works with and for its residents, businesses, and instituions to promote civic engagement, community empowerment, and neighborhood investment.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$211K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $69K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$211K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $301K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$334K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
+18% vs prior year
Spent
$3.0M
To programs
90%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$2.8M
FY2024▲ +18%
Revenue by fiscal year
FY2020$2.6M
FY2021$2.4M
FY2022$3.2M
FY2023$2.3M
FY2024$2.8M
FY2024$2.2M
Expenses
$3.0M
FY2024▲ +29%
Expenses by fiscal year
FY2020$2.5M
FY2021$2.1M
FY2022$2.9M
FY2023$2.3M
FY2024$3.0M
FY2024$2.2M
Net assets
$1.7M
FY2024▼ -13%
Net assets by fiscal year
FY2020$1.5M
FY2021$1.8M
FY2022$2.0M
FY2023$2.0M
FY2024$1.7M
FY2024$1.8M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $2.7M Management & general 9% · $275K Fundraising 1% · $23K

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

18 people listed on the 990; $211K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$77,647Pt VII · Sec A
Controller
$72,785Pt VII · Sec A
Executive Di
$37,500Pt VII · Sec A
$23,008Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Shauna Sanders’s $84K as Executive Di is at the 12th percentile of top reported officer pay among 2832 $1–10M 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Christopher Alvarado—$23,008$100,100$92,710—$84,135
Michael Geregach JR——$71,023$90,789—$79,948
Christopher Alvarado————$89,194—
Michael Geregach JR————$85,836—
Shauna Sanders$84,090$37,500————
Marilyn Mosinkski—$77,647————
Rob Stunek$45,681$72,785————
Krume Stojanovski—————$10,665

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.

See Slavic Village Development executive salaries →

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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 15aYes

Programs and updates

Empowers residents and businesses to invest in their neighborhood through civic engagement.

Provided by the organization

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1 program service account for $2.7M of program spending, described in the organization's own filed words · FY2023.
01

Slavic village development (SVD) is a non-profit organization whose missions is to work with and for its residents, businesses, and institutions to promote civic engagement, community empowerment, and neighborhood investment. This is accomplished through three goals: 1.

$2.7Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$133K
Investment incomeLn 3−$62K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.7M
Managementcol C$275K
Fundraisingcol D$23K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$355K
Total assetsLn 16$2.1M
LiabilitiesLn 26$334K
PeoplePt VI, VII
18
listed · VII A
PaidVII A4
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$575K
Fees for servicesLn 2g$133K
Investment incomeLn 3−$62K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$104K
SavingsLn 2$251K
Cash and savings togetherLn 1–2$355K
InvestmentsLn 11–13$361K
Land, buildings, equipmentLn 10c$270K
Other assetsLn 15$389K
Total assetsLn 16$2.1M
LiabilitiesLn 26$334K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 518
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$401K$355K
InvestmentsLn 11–13$423K$361K
Land, buildings, equipmentLn 10c$285K$270K
Total assetsLn 16$2.3M$2.1M
LiabilitiesLn 26$322K$334K
Net assetsLn 32$2.0M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$211K$169K$42K
Other salaries and wagesLn 7$501K$397K$104K
Other employee benefitsLn 9$204K$172K$32K
Payroll taxesLn 10$57K$45K$11K
Other fees for servicesLn 11g$16K$947$15K
Advertising and promotionLn 12$2K$833$104$1K
Office expensesLn 13$42K$28K$5K$8K
OccupancyLn 16$81K$47K$34K
Conferences, conventions and meetingsLn 19$14K$6K$2K$6K
InterestLn 20$3K$3K$158
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$17K$1K$15K
Other expenses (24a–d)Ln 24$1.8M$1.8M$4K$3K
All other expensesLn 24e$54K$40K$9K$5K
Total functional expensesLn 25$3.0M$2.7M$275K$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $2.8M$3.0M−$247K$1.7M 990 PDF
FY2023 $2.3M$2.3M$258$2.0M 990 PDF
FY2022 $3.2M$2.9M$218K$2.0M 990 PDF
FY2021 $2.4M$2.1M$290K$1.8M 990 PDF
FY2020 $2.6M$2.5M$83K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,754,042 across 6 lines filed
VIII-1e Government grants$574,560
VIII-1f All other contributions, gifts and grants$2,108,160
VIII-1h Total contributions, gifts and grants$2,682,720
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $133,417$133,417
VIII-3 Investment incomeRelated to mission −$62,235 · Excluded from tax $140−$62,095
VIII-12 Total revenueRelated to mission $71,182 · Excluded from tax $140$2,754,042
Part IX · Statement of functional expenses $3,000,894 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $168,752 · Management $42,188$210,940
IX-7 Other salaries and wagesPrograms $397,424 · Management $103,925$501,349
IX-9 Other employee benefitsPrograms $172,012 · Management $32,169$204,181
IX-10 Payroll taxesPrograms $45,149 · Management $11,414$56,563
IX-11g Other fees for servicesPrograms $947 · Management $15,108$16,055
IX-12 Advertising and promotionPrograms $833 · Management $104 · Fundraising $1,006$1,943
IX-13 Office expensesPrograms $28,302 · Management $5,297 · Fundraising $8,347$41,946
IX-16 OccupancyPrograms $47,264 · Management $33,974$81,238
IX-19 Conferences, conventions and meetingsPrograms $5,608 · Management $2,117 · Fundraising $5,992$13,717
IX-20 InterestPrograms $2,928 · Management $158$3,086
IX-22 Depreciation, depletion and amortizationPrograms $14,908$14,908
IX-23 InsurancePrograms $1,227 · Management $15,354$16,581
IX-24 Other expenses (24a–d)Programs $1,777,577 · Management $3,702 · Fundraising $2,641$1,783,920
IX-24e All other expensesPrograms $40,499 · Management $9,235 · Fundraising $4,733$54,467
IX-25 Total functional expensesPrograms $2,703,430 · Management $274,745 · Fundraising $22,719$3,000,894
Part X · Balance sheet $2,055,577 assets, 15 lines filed
Asset lines not itemized here account for $564,745; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $249,569$104,028
X-2 Savings and temporary cash investmentsStart of year $151,777$250,858
X-3 Pledges and grants receivableStart of year $258,081$115,831
X-9 Prepaid expenses and deferred chargesStart of year $575$168
X-10c Land, buildings and equipment, netStart of year $285,310$270,401
X-13 Program-related investmentsStart of year $422,887$360,652
X-15 Other assetsStart of year $388,894$388,894
X-16 Total assetsStart of year $2,291,000$2,055,577
X-17 Accounts payable and accrued expensesStart of year $13,954$31,254
X-25 Other liabilitiesStart of year $1,800$1,800
X-26 Total liabilitiesStart of year $322,403$333,832
X-27 Net assets without donor restrictionsStart of year $1,783,169$1,454,012
X-28 Net assets with donor restrictionsStart of year $185,428$267,733
X-32 Total net assets or fund balancesStart of year $1,968,597$1,721,745
X-33 Total liabilities and net assetsStart of year $2,291,000$2,055,577
Part XI · Reconciliation of net assets $1,721,745 net assets at year end
XI-1 Total revenue$2,754,042
XI-2 Total expenses$3,000,894
XI-3 Revenue less expenses−$246,852
XI-4 Net assets at start of year$1,968,597
XI-10 Net assets at end of year$1,721,745

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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