Cudell Improvement INC

Cleveland, OHUnknown exempt organizationEIN 51-0190132

Our mission/vision is dedicated to the stabilization and revitalization of the cudell/edgewater areas of cleveland ohio through human resource efforts and commericial and economic development initiatives.

Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it filing on time?
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 3 years is a concern.
IRS e-file · Filing history
How much reaches the programs?
304%
of spending
Looks good: 304% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
Do they have reserves?
63 mo
of spending, in cash
Looks good: 63.4 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $51K
Worth a look: 2 funders name it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$81K
liabilities
No data yet: the filing does not give total assets.
Pt X · Ln 26
Who oversees it?
13
independent of 13 voting board members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$69K
Spent
$115K
To programs
304%
Net assets
$0

From the FY2021 Form 990 (year ending June 2021) · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
No filing since FY2021 — 6 yrs
Legal name (IRS)Hdr · item CCudell Improvement INC
EINHdr · item D51-0190132
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2021 · Form 990
Principal addressHdr · item CCleveland, OH
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.cudell.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $3.04 Management & general $0.23
Program services304%$348K
Management & general23%$26K
Total functional expensesLn 25$115K

Financial health

Is it on solid ground?

Surplus margin
-65%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue less expensesPt I · Ln 19−$45K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B304%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$605K
Total assetsLn 16$0
Total liabilitiesLn 26$81K
Total net assetsLn 32$0
Months of cash on handcomputed63.4

Statement of Revenue

Part VIII
Contributions & grants$183K · 264%
Program service revenue$14K · 21%
Contributions & grants264%$183K
Program service revenue21%$14K
— government grantsLn 1e$175K
Total revenueLn 12$69K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $605K · Operating expenses/yr $115K
63.4 months
Where the money goes
Program services
Program services $348K · Total expenses $374K
not reported
Management & General
Management & general $26K · Total expenses $374K
not reported
Fundraising
Fundraising $0 · Total expenses $374K
not reported
Cost to raise $1
Fundraising expense $0 · Solicited contributions $8K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $183K · Total revenue $69K
264%
Government reliance
Government grants $175K · Total revenue $69K
252%
Earned-income share
Program service revenue $14K · Total revenue $69K
21%
Investment reliance
Investment income −$178K · Total revenue $69K
-256%
Program self-sufficiency
Program service revenue $14K · Total expenses $115K
13%
Growth & trend
Revenue growth (YoY)
This year $69K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $69K · Expenses $115K
-65%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Charles Slone · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $115K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $115K
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 304%——
Overhead ratio 23%——
Fundraising cost ratio 0%——
Accounting fee ratio 58%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Cudell Improvement INC executive salaries →

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Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • 13Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Revitalizes Cleveland neighborhoods through human resources and economic development.

Provided by the organization

This section is blank until Cudell Improvement INC claims this page.

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Mission & Programs · Part III

Where the work happens

4 program services account for $455K of program spending, described in the organization's own filed words · FY2020.
01

Commercial revitalization program provided technical assistance to independent business owners for the purpose of strengthening local commercial strips. Staff organized and staffed merchant associations and designed marketing campaigns and events to assure competitiveness of local businesses and attract new customers to the commercial…

$348Kprogram expense
02

Commercial revitalization program provided technical assistance to independent business owners for the purpose of strengthening local commercial strips. Staff organized and staffed merchant associations and designed marketing campaigns and events to assure competitiveness of local businesses and attract new customers to the commercial…

$106Kprogram expense
03

Cudell improvement, INC.'S real estate fund acquires, rehabs and maintains commercial and residential buildings in the CUDELL/EDGEWATER area. The properties acquired can run the gamut from vacant lots that are located in critical redevelopment areas to foreclosed homes in the 98 great homes model block.

Pt IX · col B
04

Cudell improvement, INC.'S real estate fund acquires, rehabs and maintains commercial and residential buildings in the CUDELL/EDGEWATER area. The properties acquired can run the gamut from vacant lots that are located in critical redevelopment areas to foreclosed homes in the 98 great homes model block.

Pt IX · col B

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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 · FY2021
Total grants receivedfrom 2 funders$51K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2021 Latest Viewing $69K$115K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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