Overview
What is Downtown Cleveland Improvement Corporation?
The Downtown Cleveland Improvement Corporation is a nonprofit organization situated in Cleveland, Ohio, specifically at 1010 Euclid Avenue, Third Floor. Their primary objective is to foster economic and community development, aiming to enhance public benefit and social welfare. Through coordination and facilitation, they plan, design, and execute projects that promote growth and betterment in the community. Their mission aligns with improving the local economy and overall well-being of the public in the Downtown Cleveland area.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The Downtown Cleveland Improvement Corporation has received a strong 90% rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is particularly significant as it reflects the organization's commitment to transparency and effective governance. With a perfect score for independent board members and various financial oversight measures, the organization demonstrates robust management practices.
Strengths highlighted in the evaluation include an entirely independent board and a flawless track record regarding the diversion of assets, as well as comprehensive policies regarding conflicts of interest and whistleblowing. The financial statements are well-audited, and the organization maintains a 100% program expense ratio, ensuring that all financial resources are directed towards its mission and activities.
However, while the score is impressive, prospective donors or stakeholders might still consider the context of the organization's activities and the impact of its programs. With no noted weaknesses in financial management, the focus on operational effectiveness and community benefit will be essential to understanding its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Cleveland Improvement Corporation legitimate?
Downtown Cleveland Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Cleveland Improvement 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.
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What is the mission statement of Downtown Cleveland Improvement Corporation?
The Downtown Cleveland Improvement Corporation's mission is centered around coordinating and facilitating the planning, design, and implementation of economic and community development initiatives. The primary objective is to benefit the public and enhance social welfare. By doing so, they aim to contribute to the betterment of the community, fostering a sense of progress and improvement. The corporation serves as a catalyst for change, driving projects that can positively impact the local population and create a more prosperous environment.
Who is the CEO of Downtown Cleveland Improvement Corporation?
Michael Deemer is the Board Member of Downtown Cleveland Improvement Corporation.
What is the revenue of Downtown Cleveland Improvement Corporation?
Downtown Cleveland Improvement Corporation's revenue in 2022 was $5,263,381.
Who are the executives of Downtown Cleveland Improvement Corporation and what are their salaries?
There 28 volunteers at Downtown Cleveland Improvement Corporation.
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Where can I find the form 990 for Downtown Cleveland Improvement Corporation?
Downtown Cleveland Improvement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Downtown Cleveland Improvement Corporation
The Downtown Cleveland Improvement Corporation is dedicated to fostering collaborative efforts in the planning, design, and execution of economic and community development projects. Their ultimate goal is to enhance public welfare and contribute positively to the social fabric of the community. By coordinating and facilitating these initiatives, they aim to create a more prosperous and vibrant environment for all.
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Impact
October, 2024
The Downtown Cleveland Improvement Corporation plays a pivotal role in enhancing the urban landscape and quality of life within Cleveland. By coordinating and facilitating the planning, design, and implementation of various economic and community development initiatives, the organization significantly contributes to the revitalization and growth of the downtown area.
This impact is evident through improved public spaces, increased safety, and vibrant community engagement, all of which enhance social welfare. The corporation's efforts help attract businesses, encourage investment, and foster a sense of community among residents. By prioritizing the needs of the public, the Downtown Cleveland Improvement Corporation ensures that the development strategies not only benefit economic interests but also create inviting spaces for people to live, work, and play in an increasingly dynamic urban environment.
This information is meant to be a general summary of Downtown Cleveland Improvement 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $5,263,381
Assets and Liabilities:
- Total Assets: $5,269
- Total Liabilities: $0
- Net Assets: $5,269
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Organization Details
Founding Year
2005
Phone
(216) 736-7799Principal Officer
Michael Deemer
Main Address
1010 EUCLID AVENUE THIRD FLOOR, CLEVELAND, OH, 44115
NTEE Category
Code: S31 - Community improvement
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