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Mount Pleasant Now Development Corporation FY2018 filing

Tax-deductible

Cleveland, OH501(c)(3)UnclassifiedEIN 34-1599720Revenue $790K in FY2018

On file with the IRSmtpleasantnow.org13815 Kinsman Rd, 44120-4417 · Cleveland, OHTax-exempt since Jul 1989Publicly supported charity — 170(b)(1)(A)(vi)

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To provide community and economic Development to residets and businesses in the mt. Pleasant area in order to revitalize and stabilize the community and make mt. Pleasant a desirable, safe neighborhood in which to live, work and raise a family.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$100K 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

FY2018 · 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
2 of 5
filings with a surplus
Average deficit $138K a year · 22% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$790K
Spent
$794K
To programs
83%
Net assets
$3.3M
By yearFY2018–FY2024
Revenue
$790K
FY2018
Tap a bar for its year
Revenue by fiscal year
FY2018$790K
FY2019$901K
FY2020$483K
FY2023$497K
FY2024$412K
Expenses
$794K
FY2018
Tap a bar for its year
Expenses by fiscal year
FY2018$794K
FY2019$1.2M
FY2020$992K
FY2023$440K
FY2024$318K
Net assets
$3.3M
FY2018
Tap a bar for its year
Net assets by fiscal year
FY2018$3.3M
FY2019$3.0M
FY2020$2.5M
FY2023$1.9M
FY2024$2.0M

From the FY2018 Form 990 · see the original

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You’re viewing the FY2018 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1989.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $661K Management & general 10% · $83K Fundraising 6% · $50K

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

11 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation
Nicholas E Perry
Executive Di
$100,287Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Gwynette Shaw
Board Member
$0Pt VII · Sec A
Gwen Penn
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Rodney D Williams
Board Member
$0Pt VII · Sec A

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

NameFY2020FY2019FY2018
Nicholas E Perry—$73,928$100,287
Nicholas Perry$73,928——

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 Mount Pleasant Now Development Corporation 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

Boosts community and economic growth to revitalize and stabilize the Mt. Pleasant area.

Questions for Mount Pleasant Now Development Corporation

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Provided by the organization

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3 programs · $661K · in their own filed words · FY2018
01

Property management- focuses upon proactive services to generate good TENANT/MANAGEMENT relations, sound maintenance programs and ongoing seminars to promote tenant growth.

$302Kprogram expense
02

Project development- attempts to restore vitality to kinsman road. Development of commercial buildings to attract new services and businesses to the community, managemetn of a 57,000 SQ. FT. Building which houses cuyahoga county programs and services, as well as the MT. Pleasant now offices.

$293Kprogram expense
03

Neighborhood programs- nieghborhood organizing and engagement of block clubs, street clubs and resident organizations to address and resolve community issues and concerns, re-imaging of vacant lots into side yard expansion for adjacent homeowners or creation of passive parks, recreation sites or community gardens, work with residents on…

$65Kprogram expense

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 · FY2022
Tides CenterFY2022$20K
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2018 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$790K
Ln 12
Other incomeLn 4–11$525K
Gifts and grantsLn 1h$162K
Fees for servicesLn 2g$99K
Money outPt IX
$794K
Ln 25
Programscol B$661K
Managementcol C$83K
Fundraisingcol D$50K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$5.0M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$162K
Government grantsLn 1e$78K
Fees for servicesLn 2g$99K
Investment incomeLn 3$5K
Other incomeLn 4–11$525K
Gains on assetsLn 7$5K
Total revenueLn 12$790K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$500
Land, buildings, equipmentLn 10c$4.7M
Total assetsLn 16$5.0M
LiabilitiesLn 26$1.7M
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY18End FY18
Cash and savingsLn 1–2$17K$3K
InvestmentsLn 11–13$500
Land, buildings, equipmentLn 10c$5.5M$4.7M
Total assetsLn 16$11.7M$5.0M
LiabilitiesLn 26$2.5M$1.7M
Net assetsLn 32$9.2M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$50K$25K$25K
Other salaries and wagesLn 7$248K$211K$27K$10K
Pension plan contributionsLn 8$714$432$282
Other employee benefitsLn 9$20K$7K$8K$5K
Payroll taxesLn 10$27K$22K$3K$2K
Legal feesLn 11b$47K$47K
Accounting feesLn 11c$50K$46K$4K
Other fees for servicesLn 11g$34K$34K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$12K$2K$9K$447
OccupancyLn 16$10K$8K$1K$710
TravelLn 17$8K$8K
InterestLn 20$24K$24K
Depreciation, depletion and amortizationLn 22$184K$179K$2K$3K
InsuranceLn 23$8K$5K$2K$1K
Other expenses (24a–d)Ln 24$22K$17K$2K$3K
Total functional expensesLn 25$794K$661K$83K$50K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $412K$318K$94K$2.0M 990 PDF
FY2023 $497K$440K$57K$1.9M 990 PDF
FY2022 Not on file
FY2021 Not on file
FY2020 $483K$992K−$508K$2.5M 990 PDF
FY2019 $901K$1.2M−$329K$3.0M 990 PDF
FY2018 Viewing $790K$794K−$4K$3.3M 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 FY2018 990 (6 parts)
Part I · Summary $790,093 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $150,250$162,213
I-9 Program service revenuePrior year $145,850$98,521
I-10 Investment incomePrior year $15,525$4,550
I-11 Other revenuePrior year $325,000$524,809
I-12 Total revenuePrior year $636,625$790,093
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $368,993$395,141
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $560,800$398,885
I-18 Total expensesPrior year $929,793$794,026
I-19 Revenue less expensesPrior year −$293,168−$3,933
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $790,093 across 7 lines filed
VIII-1e Government grants$78,295
VIII-1f All other contributions, gifts and grants$83,918
VIII-1h Total contributions, gifts and grants$162,213
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $98,521$98,521
VIII-6 Net rental income or lossRelated to mission $524,809$524,809
VIII-7 Net gain or loss on sales of assetsRelated to mission $4,550$4,550
VIII-12 Total revenueRelated to mission $627,880$790,093
Part IX · Statement of functional expenses $794,026 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $50,149 · Management $25,074 · Fundraising $25,074$100,297
IX-7 Other salaries and wagesPrograms $210,837 · Management $27,123 · Fundraising $9,724$247,684
IX-8 Pension plan contributionsPrograms $432 · Management $282$714
IX-9 Other employee benefitsPrograms $6,777 · Management $7,785 · Fundraising $5,190$19,752
IX-10 Payroll taxesPrograms $21,560 · Management $3,080 · Fundraising $2,054$26,694
IX-11b Legal feesPrograms $46,965$46,965
IX-11c Accounting feesPrograms $46,332 · Management $3,650$49,982
IX-11g Other fees for servicesPrograms $33,868$33,868
IX-12 Advertising and promotionPrograms $1,641$1,641
IX-13 Office expensesPrograms $1,962 · Management $9,263 · Fundraising $447$11,672
IX-16 OccupancyPrograms $8,025 · Management $1,065 · Fundraising $710$9,800
IX-17 TravelPrograms $7,724$7,724
IX-20 InterestPrograms $23,526$23,526
IX-22 Depreciation, depletion and amortizationPrograms $178,875 · Management $1,539 · Fundraising $3,169$183,583
IX-23 InsurancePrograms $5,334 · Management $1,893 · Fundraising $1,173$8,400
IX-24 Other expenses (24a–d)Programs $17,003 · Management $2,025 · Fundraising $2,696$21,724
IX-25 Total functional expensesPrograms $661,010 · Management $82,779 · Fundraising $50,237$794,026
Part X · Balance sheet $5,006,040 assets, 9 lines filed
Asset lines not itemized here account for $300,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $16,925$3,182
X-3 Pledges and grants receivable$46,066
X-10c Land, buildings and equipment, netStart of year $5,476,150$4,656,292
X-12 Other securities$500
X-16 Total assetsStart of year $11,725,050$5,006,040
X-17 Accounts payable and accrued expensesStart of year $210,200$270,329
X-26 Total liabilitiesStart of year $2,525,000$1,672,407
X-32 Total net assets or fund balancesStart of year $9,200,050$3,333,633
X-33 Total liabilities and net assetsStart of year $11,725,050$5,006,040
Part XI · Reconciliation of net assets $3,333,633 net assets at year end
XI-1 Total revenue$790,093
XI-2 Total expenses$794,026
XI-3 Revenue less expenses−$3,933
XI-4 Net assets at start of year$9,200,050
XI-8 Prior period adjustments−$5,862,484
XI-10 Net assets at end of year$3,333,633

Form 990 e-file (XML) FY2018 from the IRS · Classification, formation year and address from the IRS Business Master File

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