Overview
What is Tremont West Development Corp?
Tremont West Development Corp is a nonprofit organization situated in Cleveland, Ohio, specifically at 2406 Professor Avenue, 44113. Their primary objective is to foster a cohesive and diverse community in Tremont by providing a range of housing options and attracting businesses that cater to all residents and visitors. They strive to establish strong connections within the community through inclusive engagement and equitable physical and social infrastructure, ensuring seamless linkages and improved accessibility for everyone. By organizing an inclusive neighborhood, building a unified community, and promoting Tremont as a distinctive destination, Tremont West Development Corp plays a significant role in the development and enhancement of the Tremont area, employing a team of 8 dedicated individuals.
Official website here: www.tremontwest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating. This high rating indicates that Tremont West Development Corp demonstrates exceptional accountability and financial practices. The organization scored a perfect 100% for having an entirely independent board and received top marks for its financial oversight, including audit and committee practices.
The nonprofit shows strong management of its resources, reflecting a program expense ratio of 77.40%, indicating that a significant portion of its funds is directed towards its programs and services. Additionally, it maintains a healthy liabilities to assets ratio of 51.32%, which suggests sound financial health and responsible asset management.
Tremont West Development Corp also has comprehensive policies in place, such as conflict of interest and whistleblower policies, which highlight its commitment to transparency and ethical governance. Overall, the organization appears to be a well-managed entity with a focus on accountability, though detailed insights into its program effectiveness were not provided in this evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Tremont West Development Corp legitimate?
Tremont West Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tremont West Development Corp 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: $365,400
For more financial information, click here
Official website here: www.tremontwest.org
What is the mission statement of Tremont West Development Corp?
Tremont West Development Corp's mission is to foster an inclusive community, establish a unified neighborhood, and promote a distinctive destination. They accomplish this by focusing on strategic goals such as constructing a dense neighborhood with a comprehensive and diverse range of housing options and business attractions that cater to all residents and visitors. Additionally, they work towards organizing an inclusive and connected community through meaningful engagement and equitable physical and social infrastructure, which creates seamless connections and increases accessibility for everyone.
Official website here: www.tremontwest.org
Who is the CEO of Tremont West Development Corp?
Cory Riordan is the Executive Di of Tremont West Development Corp.
Official website here: www.tremontwest.org
What is the revenue of Tremont West Development Corp?
Tremont West Development Corp's revenue in 2022 was $914,189.
Official website here: www.tremontwest.org
Who are the executives of Tremont West Development Corp and what are their salaries?
The average compensation at Tremont West Development Corp during 2022 was $45,675. There are 8 employees and 500 volunteers at Tremont West Development Corp.
Here are 15 key members and their salaries:
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Official website here: www.tremontwest.org
Where can I find the form 990 for Tremont West Development Corp?
Tremont West Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tremontwest.org
Learn more at the official website: www.tremontwest.org
Mission Statement of Tremont West Development Corp
Tremont West Development Corp is committed to serving its community by fostering an inclusive atmosphere, building a unified neighborhood, and promoting Tremont as a distinctive destination. To achieve this mission, the organization focuses on strategic goals that involve creating a comprehensive and diverse community with a range of housing options and business attractions that cater to all residents and visitors. By organizing an inclusive and connected community, Tremont West Development Corp aims to engage meaningfully with its residents and provide equitable physical and social infrastructure that seamlessly links individuals and increases accessibility for all. This approach enables the organization to contribute positively to Tremont, ensuring it remains a vibrant and welcoming place for everyone.
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Impact
October, 2024
Tremont West Development Corp significantly impacts the Tremont neighborhood by fostering an inclusive and cohesive community. It actively organizes efforts to unify residents and promote Tremont as a unique destination. By focusing on strategic goals, the organization enhances the neighborhood's density through diverse housing options and a variety of business attractions that appeal to both residents and visitors.
Furthermore, Tremont West Development Corp emphasizes meaningful engagement among community members, ensuring that everyone feels connected and valued. This approach includes developing equitable physical and social infrastructure, which creates seamless linkages throughout the neighborhood and improves overall accessibility for all residents. Ultimately, the organization's efforts contribute to a vibrant community that thrives on diversity and collaboration, enhancing the quality of life in Tremont.
This information is meant to be a general summary of Tremont West Development Corp. 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.
- Investment Income: $1,873
- Program Service Revenue: $165,687
- Gross Receipts: $914,189
Assets and Liabilities:
- Total Assets: $1,649,152
- Total Liabilities: $659,940
- Net Assets: $989,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$137,980
TACF INCOME
Revenue
$25,470
PROPERTY MANAGEMENT
Revenue
$1,649
MISCELLANEOUS
Revenue
$588
Organization Details
Founding Year
1969
Phone
(216) 575-0920Principal Officer
Cory Riordan
Main Address
2406 PROFESSOR AVENUE, CLEVELAND, OH, 44113
Website
www.tremontwest.orgNTEE Category
Code: S200 - Community improvement
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