Overview
What is Playhouse Square Development Corp?
Playhouse Square Development Corp is a corporation that plays a crucial role in supporting its parent organization, Playhouse Square Foundation. Based in Cleveland, Ohio, the corporation primarily manages real estate properties, collecting rent and offering other necessary services. Acting as a vital partner, it contributes to the mission of the Playhouse Square Foundation, which is a Section 501(c)(3) nonprofit organization dedicated to preserving and revitalizing historic theaters in the city.
Is Playhouse Square Development Corp legitimate?
Playhouse Square Development Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Playhouse Square 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: $0
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What is the mission statement of Playhouse Square Development Corp?
Playhouse Square Development Corp serves a supporting role for its parent organization, Playhouse Square Foundation. Its primary function involves managing real estate properties and collecting rent. This corporation's mission can be summarized as providing essential support services to its non-profit parent organization, which is dedicated to promoting the arts and cultural events. However, the provided information does not include a specific mission statement for Playhouse Square Development Corp, focusing more on its operational activities. Therefore, the exact mission of this corporation remains unclear from the given data.
What is the revenue of Playhouse Square Development Corp?
Playhouse Square Development Corp's revenue in 2024 was $0.
Who are the executives of Playhouse Square Development Corp and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $584,180
- Other: $35,389
- Compensation: $0
- Related: $175,909
- Other: $13,778
Where can I find the form 990 for Playhouse Square Development Corp?
Playhouse Square Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Playhouse Square Development Corp
Playhouse Square Development Corp, as a supporting entity, serves a crucial role in upholding the mission of its parent organization, Playhouse Square Foundation. Specifically, the corporation manages real estate properties and collects rent, providing various supportive services to foster the Foundation's activities as a Section 501(c)(3) nonprofit organization. In essence, Playhouse Square Development Corp plays a pivotal role in ensuring the operational and financial stability of Playhouse Square Foundation, enabling it to fulfill its charitable objectives.
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Impact
October, 2024
Playhouse Square Development Corp plays a significant role in the revitalization and enhancement of the Cleveland community. By holding title to important real property in the Playhouse Square area, the corporation facilitates economic growth and cultural development. It generates rental income, which supports various initiatives of its parent organization, Playhouse Square Foundation. This financial backing enables the continuation and expansion of cultural programs and events that enrich the local arts scene. Furthermore, through its support services, Playhouse Square Development Corp contributes to the overall improvement of the community, fostering an environment that attracts residents, tourists, and businesses alike. Its efforts help create a vibrant, thriving urban center that serves as a hub for entertainment and community engagement.
This information is meant to be a general summary of Playhouse Square 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 2024.
Assets and Liabilities:
- Total Assets: $748,523
- Total Liabilities: $14,541,173
- Net Assets: -$13,792,650
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Organization Details
Founding Year
1978
Principal Officer
Patricia Gaul
NTEE Category
Code: S47 - Community improvement
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