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Mount Pleasant Now Development Corporation FY2019 filing

Tax-deductible

Cleveland, OH501(c)(3)Unclassified EIN 34-1599720Revenue $901K in FY2019

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.
82¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2019 · 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% 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
$1.9M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$901K
+14% vs prior year
Spent
$1.2M
To programs
82%
Net assets
$3.0M
By yearFY2018–FY2024
Revenue
$901K
FY2019▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2018$790K
FY2019$901K
FY2020$483K
FY2023$497K
FY2024$412K
Expenses
$1.2M
FY2019▲ +55%
Tap a bar for its year
Expenses by fiscal year
FY2018$794K
FY2019$1.2M
FY2020$992K
FY2023$440K
FY2024$318K
Net assets
$3.0M
FY2019▼ -10%
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 FY2019 Form 990 · see the original

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You’re viewing the FY2019 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

82 cents of each dollar spent went to programs.

Program services 82% · $1.0M Management & general 13% · $159K Fundraising 5% · $57K

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; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
Nicholas E Perry
Executive Di
$73,928Pt VII · Sec A
Lahorn Caldwell
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Gwen Penn
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Gwynette Shaw
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2019
01

Property Management

Handled by assigned staff and focuses upon proactive services to generate good TENANT/MANAGEMENT relations, sound maintenance programs and on-going seminars to promote tenant growth.

$1.0Mprogram 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 FY2019 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$901K
Ln 12
Gifts and grantsLn 1h$331K
Fees for servicesLn 2g$330K
Other incomeLn 4–11$234K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$159K
Fundraisingcol D$57K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$4.9M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$331K
Government grantsLn 1e$99K
Fees for servicesLn 2g$330K
Investment incomeLn 3$6K
Other incomeLn 4–11$234K
Gains on assetsLn 7$6K
Total revenueLn 12$901K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
InvestmentsLn 11–13$500
Land, buildings, equipmentLn 10c$4.5M
Total assetsLn 16$4.9M
LiabilitiesLn 26$1.9M
Net assetsLn 32$3.0M
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 FY19End FY19
Cash and savingsLn 1–2$3K$2K
InvestmentsLn 11–13$500$500
Land, buildings, equipmentLn 10c$4.7M$4.5M
Total assetsLn 16$5.0M$4.9M
LiabilitiesLn 26$1.7M$1.9M
Net assetsLn 32$3.3M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$74K$37K$18K$18K
Other salaries and wagesLn 7$165K$123K$29K$13K
Other employee benefitsLn 9$65K$49K$10K$7K
Payroll taxesLn 10$77K$58K$12K$8K
Accounting feesLn 11c$117K$41K$75K$2K
Other fees for servicesLn 11g$33K$33K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$27K$20K$7K$447
OccupancyLn 16$53K$47K$3K$2K
TravelLn 17$46K$46K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$189K$184K$2K$3K
InsuranceLn 23$8K$5K$2K$1K
Other expenses (24a–d)Ln 24$360K$355K$2K$3K
Total functional expensesLn 25$1.2M$1.0M$159K$57K

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 Viewing $901K$1.2M−$329K$3.0M 990 PDF
FY2018 $790K$794K−$4K$3.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2019 990 (6 parts)
Part I · Summary $900,563 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $162,213$330,662
I-9 Program service revenuePrior year $98,521$329,885
I-10 Investment incomePrior year $4,550$6,126
I-11 Other revenuePrior year $524,809$233,890
I-12 Total revenuePrior year $790,093$900,563
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $395,141$381,032
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $398,885$848,750
I-18 Total expensesPrior year $794,026$1,229,782
I-19 Revenue less expensesPrior year −$3,933−$329,219
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $900,563 across 7 lines filed
VIII-1e Government grants$98,898
VIII-1f All other contributions, gifts and grants$231,764
VIII-1h Total contributions, gifts and grants$330,662
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $329,885$329,885
VIII-6 Net rental income or lossRelated to mission $233,890$233,890
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,126$6,126
VIII-12 Total revenueRelated to mission $569,901$900,563
Part IX · Statement of functional expenses $1,229,782 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $36,964 · Management $18,482 · Fundraising $18,482$73,928
IX-7 Other salaries and wagesPrograms $123,219 · Management $28,593 · Fundraising $12,901$164,713
IX-9 Other employee benefitsPrograms $48,919 · Management $9,783 · Fundraising $6,522$65,224
IX-10 Payroll taxesPrograms $57,877 · Management $11,574 · Fundraising $7,716$77,167
IX-11c Accounting feesPrograms $40,660 · Management $74,950 · Fundraising $1,772$117,382
IX-11g Other fees for servicesPrograms $32,773$32,773
IX-12 Advertising and promotionPrograms $13,315$13,315
IX-13 Office expensesPrograms $20,027 · Management $6,749 · Fundraising $447$27,223
IX-16 OccupancyPrograms $47,065 · Management $3,296 · Fundraising $2,197$52,558
IX-17 TravelPrograms $46,083$46,083
IX-20 InterestPrograms $2,196$2,196
IX-22 Depreciation, depletion and amortizationPrograms $184,369 · Management $1,539 · Fundraising $3,169$189,077
IX-23 InsurancePrograms $4,933 · Management $1,893 · Fundraising $1,173$7,999
IX-24 Other expenses (24a–d)Programs $355,423 · Management $2,025 · Fundraising $2,696$360,144
IX-25 Total functional expensesPrograms $1,013,823 · Management $158,884 · Fundraising $57,075$1,229,782
Part X · Balance sheet $4,895,217 assets, 10 lines filed
Asset lines not itemized here account for $300,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,182$1,627
X-3 Pledges and grants receivableStart of year $46,066$125,875
X-10c Land, buildings and equipment, netStart of year $4,656,292$4,467,215
X-11 Publicly traded securitiesStart of year $500$500
X-16 Total assetsStart of year $5,006,040$4,895,217
X-17 Accounts payable and accrued expensesStart of year $270,329$558,372
X-26 Total liabilitiesStart of year $1,672,407$1,890,803
X-27 Net assets without donor restrictionsStart of year $3,333,633$3,004,414
X-32 Total net assets or fund balancesStart of year $3,333,633$3,004,414
X-33 Total liabilities and net assetsStart of year $5,006,040$4,895,217
Part XI · Reconciliation of net assets $3,004,414 net assets at year end
XI-1 Total revenue$900,563
XI-2 Total expenses$1,229,782
XI-3 Revenue less expenses−$329,219
XI-4 Net assets at start of year$3,333,633
XI-10 Net assets at end of year$3,004,414

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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