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Euclid Avenue Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201286318 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

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Overview

What is Euclid Avenue Development Corporation?

Euclid Avenue Development Corporation is a nonprofit organization, classified as a 501(c)(3), situated in support of Cleveland State University. Committed to charitable, scientific, and educational pursuits, their primary mission is to develop and own housing for the university's students, faculty, and staff. To fulfill this goal, they manage student housing and parking facilities, thereby contributing to Cleveland State University's educational mission. The corporation operates with a clear dedication to serving the needs of the academic community.

Is Euclid Avenue Development Corporation legitimate?

Euclid Avenue Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Euclid Avenue Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Euclid Avenue Development Corporation?

Euclid Avenue Development Corporation, functioning as a 501(c)(3) charity, is committed to supporting Cleveland State University's educational mission. They achieve this by operating student housing and parking facilities. The corporation's primary objective is to develop and own housing for the university's students, faculty, and staff, with the purpose of solely serving charitable, scientific, and educational needs.

Who is the CEO of Euclid Avenue Development Corporation?

Nicole Addington is the President of Euclid Avenue Development Corporation.

What is the revenue of Euclid Avenue Development Corporation?

Euclid Avenue Development Corporation's revenue in 2022 was $8,360,869.

Who are the executives of Euclid Avenue Development Corporation and what are their salaries?


Here are 6 key members and their salaries:


David Jewell (President)
  • Compensation: $0
  • Related: $128,077
  • Other: $23,387
Nicole Addington (Vice President (As Of 9/21))
  • Compensation: $0
  • Related: $57,324
  • Other: $8,262
Kathleen Murphy (Vice President (Until 9/21))
  • Compensation: $0
  • Related: $134,456
  • Other: $21,224
Sonali Wilson (Secretary & Treasurer)
  • Compensation: $0
  • Related: $238,352
  • Other: $59,893
Mark Lammon (Community Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Nowak (Community Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Euclid Avenue Development Corporation?

Euclid Avenue Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Euclid Avenue Development Corporation

Euclid Avenue Development Corporation, a 501(c)(3) charitable organization, is primarily dedicated to supporting Cleveland State University's educational mission. It achieves this by operating student housing and parking facilities. This nonprofit corporation's objective is to develop and own housing for the university's students, faculty, and staff, contributing to their overall academic experience. The corporation's mission is rooted in its charitable, scientific, and educational purposes, aiming to provide suitable living spaces and convenient parking facilities to enhance the academic environment at Cleveland State University.

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Impact




October, 2024

Euclid Avenue Development Corporation significantly impacts the community by providing essential housing and parking facilities that directly support Cleveland State University's educational mission. By developing and managing these resources, the organization enhances the living and commuting experience for students, faculty, and staff, fostering a conducive environment for academic success.

The presence of dedicated student housing alleviates challenges related to finding affordable accommodation, allowing students to focus on their studies rather than commuting long distances. This is particularly important in a vibrant urban setting like Cleveland, where access to quality housing can influence a student's educational journey.

Additionally, the parking facilities make it more convenient for faculty and staff, reducing traffic congestion and encouraging greater engagement within the campus community. Overall, through its commitment to developing resources tailored to the needs of Cleveland State University, the Euclid Avenue Development Corporation contributes to a more supportive and effective educational atmosphere in the region.




This information is meant to be a general summary of Euclid Avenue Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$8,360,869 (2022)
Expenses
$9,897,821 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,981,284
  • Program Service Revenue: $10,285,548
  • Gross Receipts: $14,840,449

Assets and Liabilities:

  • Total Assets: $87,945,657
  • Total Liabilities: $85,142,520
  • Net Assets: $2,803,137

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rental Income

Revenue

$10,071,322

Maintenance Fees

Revenue

$214,226

Organization Details

Founding Year

2001

Principal Officer

Nicole Addington

Main Address

2121 Euclid Avenue AC 252, Cleveland, OH, 44115

NTEE Category

Code: B19 - Education

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