2024-11-15T09:45:07-06:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 1300 EAST 9TH ST SUITE 900 CLEVELAND OH 44114 990 2023-01-01 237376130 NORTHWEST NEIGHBORHOODS CDC NORT 2169614242 6516 DETROIT AVE 1 CLEVELAND OH 44102 BRIDGET KENT MARQUEZ EXECUTIVE DIRECTOR 2169614242 2024-11-15 1 0 RENEE BEAVER P00167058 2162989000 2023 2024-10-15 13:58:12Z BRIDGET KENT MARQUEZ 6516 DETROIT AVE CLEVELAND OH 44102 3230598 0 X WWW.NWNEIGHBORHOODS.ORG X 1976 OH NORTHWEST NEIGHBORHOODS PROVIDES COMPREHENSIVE COMMUNITY DEVELOPMENT SERVICES TO NEARLY 28,000 RESIDENTS IN CUDELL, DETROIT SHOREWAY, AND EDGEWATER ON THE WEST SIDE OF CLEVELAND, OHIO. THROUGH COLLABORATION, OUR ORGANIZATION GUIDES THE PHYSICAL, ECONOMIC, AND SOCIAL DEVELOPMENT OF THE NEIGHBORHOODS WE SERVE TOWARD IMPROVED QUALITY OF LIFE. 25 25 37 5 635989 0 2219124 1362104 -505817 625217 66072 17836 676574 1206679 2455953 3211836 0 0 0 0 1329150 1589282 0 0 5076 2070935 4888368 3400085 6477650 -944132 -3265814 11325935 10752419 7716324 23958132 3609611 -13205713 X NORTHWEST NEIGHBORHOODS PROVIDES COMPREHENSIVE COMMUNITY DEVELOPMENT SERVICES TO NEARLY 28,000 RESIDENTS IN CUDELL, DETROIT SHOREWAY, AND EDGEWATER ON THE WEST SIDE OF CLEVELAND, OHIO. THROUGH COLLABORATION, OUR ORGANIZATION GUIDES THE PHYSICAL, ECONOMIC, AND SOCIAL DEVELOPMENT OF THE NEIGHBORHOODS WE SERVE TOWARD IMPROVED QUALITY OF LIFE. 0 0 4301507 625217 PROPERTY MANAGEMENT AND REDEVELOPMENT - PROVIDES PROPERTY MANAGEMENT, DEVELOPMENT, GENERAL CONTRACTING, AND OTHER SERVICES FOR THE MAINTENANCE AND DEVELOPMENT OF HOUSING FOR LOW AND MODERATE INCOME PEOPLE 395279 COMMERCIAL DEVELOPMENT - PROVIDES ASSISTANCE TO LOCAL MERCHANTS AND INDUSTRIES THROUGH EXPANSION AND BUILDING IMPROVEMENTS 872811 CITIZEN PARTICIPATION - PROVIDES COMMUNITY-RELATED SERVICES SUCH AS PROVIDING SUPPORT TO NEIGHBORHOOD GROUPS AND SUMMER YOUTH EMPLOYMENT PROGRAMS TO ENHANCE THE QUALITY OF LIFE FOR AREA RESIDENTS. GORDON SQUARE ARTS - RENOVATION AND CONSTRUCTION OF THEATRES IN THE ART DISTRICT OF CLEVELAND'S WEST SIDE WHERE A POWERFUL COMBINATION OF HOUSING, NEW BUSINESSES, THE ARTS AND NEIGHBORHOOD BEAUTIFICATION ARE SPARKING THE DEVELOPMENT OF NEW JOBS FOR RESIDENTS. 5569597 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 1 37 1 1 1 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X EMILY FALLICK 2169614242 6516 DETROIT AVE STE 1 CLEVELAND OH 44102 CHALANA WILLIAMS DIRECTOR 0.50 X 0 0 0 ANNA PERLMUTTER PRESIDENT 2.00 X X 0 0 0 TERESA MCCURRY DIRECTOR 2.00 X 0 0 0 MONEEKE DAVIS DIRECTOR 0.50 X 0 0 0 TIM KRUEGER TREASURER 0.50 X X 0 0 0 MILLIE CARABALLO DIRECTOR 0.50 X 0 0 0 TRISH PARHAM DIRECTOR 0.50 X 0 0 0 DEAN VANFAROWE DIRECTOR 0.50 X 0 0 0 MICHAEL FLICKINGER DIRECTOR 0.50 X 0 0 0 PAULA FURST DIRECTOR 0.50 X 0 0 0 PETERSON GAUNTNER DIRECTOR 0.50 X 0 0 0 NIKKI HUDSON DIRECTOR 0.50 X 0 0 0 LUCIANA SALLES SECRETARY 2.00 X X 0 0 0 JONATHAN STEIRER VICE PRESIDENT 2.00 X X 0 0 0 MORGAN TAGGART DIRECTOR 0.50 X 0 0 0 CHARLES SLONE PRESIDENT 0.50 X X 0 0 0 NICK STROUP DIRECTOR 0.50 X 0 0 0 JEFF BARGE DIRECTOR 0.50 X 0 0 0 VINCE CARINGI DIRECTOR 0.50 X 0 0 0 EMMA JOCHUM DIRECTOR 0.50 X 0 0 0 ANSHAWN IVERY DIRECTOR 0.50 X 0 0 0 ELLEN KIRTNER-LAFLEUR DIRECTOR 0.50 X 0 0 0 MARGARITA ROMAN DIRECTOR 0.50 X 0 0 0 MELANIE SHAKERIAN DIRECTOR 0.50 X 0 0 0 MATTHEW THOMAS DIRECTOR 0.50 X 0 0 0 ADAM STALDER EXECUTIVE DIRECTOR 40.00 X 44040 0 0 BRIDGET KENT MARQUEZ INTERIM EXECUTIVE DIRECTOR 40.00 X 81610 0 0 125650 0 0 0 0 0 0 0 704397 657707 1362104 PROPERTY MANAGEMENT 551390 519974 519974 DEVELOPER FEE INCOME 551390 105243 105243 625217 17836 17836 478269 18762 459507 459507 459507 THEATRE REVENUE 551390 635989 635989 MISC. REVENUE 551390 111183 111183 747172 3211836 1195907 635989 17836 125650 109362 16288 1252698 1090312 162386 8453 7357 1096 123621 103294 20327 78860 60956 17904 103437 103437 43775 43775 318812 13340 305472 28554 28554 112416 52927 59489 200961 157120 43841 173 29 144 3403 3403 172637 172637 296621 269308 27313 50947 33748 17199 BAD DEBT 1396252 1403940 -7688 PASSTHROUGH LOSSES 1288187 1288187 PROGRAMS - OTHER 395423 370956 19391 5076 REPAIRS AND MAINTENANCE 276927 276927 199843 199843 6477650 5569597 902977 5076 804165 412577 4983 1271760 1075991 3899946 2004064 146 6105 10575267 4139044 6663510 6436223 -2283478 1148 2393 1060 962510 815251 11325935 10752419 982973 674133 274375 169988 6458976 4757320 0 18356691 7716324 23958132 X 3609611 -13205713 3609611 -13205713 11325935 10752419 X -3265814 492333 -14041843 X 0 1 X 1 0 X 1771415 1875466 2395038 2219194 1362104 9623217 1771415 1875466 2395038 2219194 1362104 9623217 9623217 114159 56711 92897 66072 496105 825944 658939 130616 152377 388504 635989 1966425 5520 65327 1000 5801 111183 188831 12604417 0.76350 0.81390 X SCHEDULE A, PART II, LINE 10, EXPLAINATION FOR OTHER INCOME: 2023: $111,183 MISCELLANEOUS INCOME 2022: $5,801 MISCELLANEOUS INCOME 2021: $1,000 MISCELLANEOUS INCOME 2020: $65,327 MISCELLANEOUS INCOME 2019: $1,225 MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 122700 122700 9635086 3560245 6074841 817481 578799 238682 6436223 PREDEVELOPMENT COSTS 815251 815251 LOSSES IN EXCESS OF INVESTMENT BASIS 18356691 18356691 3211836 0 3211836 0 3211836 5387960 0 5387960 1089690 1089690 6477650 PART IV, LINE 2B: CUSTODIAL FUNDS ARRANGEMENT - THE ORGANIZATION HOLDS FUNDS FOR SOME OF ITS RESIDENTS AND BUSINESS MEMBERS AND RECORDS A LIABILITY ON ITS BALANCE SHEET. PART XII, LINE 4B - OTHER ADJUSTMENTS: TAX PASSTHROUGH LOSSES PART X, LINE 2: NWN CDC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(C)(3). GORDON SQUARE COMMERCIAL, LLC, CAPITOL THEATRE, LLC, AND SYLVIA FRANKLIN, LLC ARE WHOLLY OWNED BY NWN CDC AND EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(C)(3). THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION. THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE CORPORATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 6 EXECUTIVE COMMITTEE. THE OFFICERS AND OTHER MEMBERS OF THE BOARD OF DIRECTORS AS MAY BE DESIGNATED BY THE PRESIDENT, WITH THE APPROVAL OF THE BOARD OF DIRECTORS, SHALL CONSTITUTE AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL ACT ONLY IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND SHALL, EXCEPT TO THE EXTENT OTHERWISE DETERMINED BY THE BOARD OF DIRECTORS, HAVE ALL AUTHORITY OF THE BOARD OF DIRECTORS EXCEPT THE AUTHORITY TO FILL VACANCIES IN THE BOARD OF DIRECTORS. SUBJECT TO THE AFORESAID EXCEPTIONS, ANY PERSON DEALING WITH THE CORPORATION SHALL BE ENTITLED TO RELY UPON ANY ACT OR AUTHORIZATION OF AN ACT BY THE EXECUTIVE COMMITTEE TO THE SAME EXTENT AS AN ACT OR AUTHORIZATION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE MAJORITY OF BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW - A DRAFT COPY OF FORM 990 IS E-MAILED TO THE BOARD PRESIDENT, THE EXECUTIVE DIRECTOR, AND DIRECTOR OF INTEGRATED ASSET MANAGEMENT FOR REVIEW AND COMMENT PRIOR TO FILING. A COPY OF THE RETURN IS ALSO E-MAILED TO BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - THE BOARD OF DIRECTORS' AGREEMENT IS REQUIRED TO BE SIGNED WITH EVERY BOARD POSITION APPOINTMENT OR RENEWAL, AND ALL POTENTIAL CONFLICTS OF INTEREST MUST BE DISCLOSED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: DISTRIBUTIONS -125,000. CUMULATIVE BOOK/TAX DIFFERENCES IN LOSSES IN EXCESS OF INVESTMENT BASIS -14,074,102. CORRECTION OF PRIOR YEAR ELIMINATING ENTRIES 157,259. 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