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Slavic Village Development

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

EIN: 341344279 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

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Overview

What is Slavic Village Development?

Slavic Village Development (SVD) is a dedicated nonprofit organization based in Cleveland, Ohio. Its mission involves fostering civic engagement, community empowerment, and neighborhood investment among its residents, businesses, and institutions. By achieving three key goals, SVD empowers its community members. Firstly, it acts as an advocate and supporter for its residents and businesses, promoting improvement in the Slavic Village neighborhood. Secondly, SVD works collaboratively with residents and businesses to execute development projects and advocacy initiatives. Lastly, it strives to make Slavic Village a welcoming place for families and businesses to flourish. One of SVD's primary functions is housing development. Over the past year, ten abandoned homes were renovated, and over 535 households received assistance with rent, utilities, or emergency housing. Additionally, SVD provided over 150,000 dollars in direct housing rehabilitation aid, significantly reducing the number of distressed properties in the area. In terms of economic growth, SVD has been instrumental in creating six new local businesses and securing grants for business development, resulting in over 75,000 dollars being invested in the neighborhood. Furthermore, SVD is currently supporting five large-scale development projects that could create up to 1,000 jobs. To enhance public spaces, SVD has secured grants to plant new trees and maintain the existing tree canopy while organizing neighborhood cleanups and removing trash and debris from over 225 parcels. In conclusion, Slavic Village Development is a vital force in the community, working tirelessly to improve living conditions, create jobs, and foster a welcoming environment for its residents and businesses.


Official website here: www.slavicvillage.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100% (Four-Star out of Four Star rating)

Slavic Village Development has received a Four-Star rating from Charity Navigator, indicating exceptional financial health and accountability. This rating is based entirely on its Accountability & Finance score, which stands at an impressive 100%. This high score reflects the organization’s commitment to transparency and responsible financial management, which is essential for building trust among donors and stakeholders.

The organization boasts a fully independent board of directors, all 13 members, contributing to its strong governance practices. Additionally, the presence of a robust audit and oversight committee, coupled with comprehensive policies addressing conflicts of interest and whistleblower protection, underscores its commitment to ethical operations. Slavic Village Development has also demonstrated effective financial management with a program expense ratio of 90.37%, indicating that a significant portion of its funds is allocated directly to its mission-driven activities.

While the organization's financial indicators are strong, potential supporters may want to consider the scope and impact of specific programs offered. However, the data available emphasizes the nonprofit's financial integrity and operational transparency, making it a worthy candidate for support from those interested in contributing to its mission.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Slavic Village Development?

86% of 19 reviewers on Facebook recommend Slavic Village Development. Here is a summary of their reviews:

Many individuals express a strong sense of community and commitment to the neighborhood, indicating a positive relationship with the nonprofit. The sentiment suggests that residents feel a connection to the area and appreciate the efforts of Slavic Village Development in fostering a supportive environment.

Overall, the available feedback highlights a level of satisfaction with the organization's initiatives, emphasizing their impact on local stability and community well-being. Users appreciate the organization’s role in enhancing their neighborhood and express a willingness to remain in the community.


This AI summary has been generated from reviews found on Facebook.

Is Slavic Village Development legitimate?

Slavic Village Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Slavic Village Development 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: $243,602
Professional Fundraising Fees: $0
Other Salaries and Wages: $499,534

For more financial information, click here


Official website here: www.slavicvillage.org

What is the mission statement of Slavic Village Development?

Slavic Village Development works towards promoting civic engagement, community empowerment, and neighborhood investment among its residents, businesses, and institutions. The organization's mission is accomplished through three goals: acting as an engaged and inclusive advocate for its residents and businesses, partnering with them to improve the neighborhood through advocacy and promotion, and building Slavic Village as a welcoming place for families and businesses to thrive. A significant part of their work involves housing development, with over 150,000 dollars in direct housing aid provided in the past year. Slavic Village Development also supports job creation and economic opportunities, resulting in the establishment of six new local businesses and securing 75,000 dollars in grants for business development. Additionally, the organization improves public spaces by securing grants for tree planting and neighborhood cleanups.


Official website here: www.slavicvillage.org

Who is the CEO of Slavic Village Development?

Christopher Alvarado is the Director of Slavic Village Development.


Official website here: www.slavicvillage.org

What is the revenue of Slavic Village Development?

Slavic Village Development's revenue in 2022 was $3,155,492.


Official website here: www.slavicvillage.org

Who are the executives of Slavic Village Development and what are their salaries?

The average compensation at Slavic Village Development during 2022 was $46,446. There are 16 employees and 1000 volunteers at Slavic Village Development.


Here are 15 key members and their salaries:


Joyce Cummings (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Ellen Gardner-Turner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Ferrara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Gerding (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samantha Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Pecoraro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Robock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krume Stojanovski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doc Warr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Knapp (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Verba (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Pawlak (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Vinciquerra (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Geregach Jr (Controller)
  • Compensation: $90,789
  • Related: $0
  • Other: $32,620
Christopher Alvarado (Executive Di)
  • Compensation: $92,710
  • Related: $0
  • Other: $25,924


Official website here: www.slavicvillage.org

Where can I find the form 990 for Slavic Village Development?

Slavic Village Development's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.slavicvillage.org

Learn more at the official website: www.slavicvillage.org

Mission Statement of Slavic Village Development

Slavic Village Development, a non-profit organization, dedicates its efforts to working collaboratively with the residents, businesses, and institutions within its community. Its mission is centered around promoting civic engagement, fostering community empowerment, and encouraging neighborhood investment. By serving as an engaged, inclusive, and proactive champion, Slavic Village Development empowers its residents and businesses, partnering with them to improve the Slavic Village neighborhood through advocacy and promotion. The ultimate goal is to create a welcoming environment where families and businesses can thrive.

Slavic Village Development's mission is evident in its actions, particularly in the realm of housing. Over the past year, the organization rehabilitated ten formerly vacant and abandoned homes through programs like Neighbors Invest in Broadway and the Slavic Village Recovery Program. Additionally, it provided rental, utility, or emergency housing assistance to 535 households and offered over 150,000 dollars in direct housing rehab aid. These initiatives have significantly contributed to reducing the number of distressed properties in the neighborhood, a decrease that has not been seen since 2013.

Moreover, Slavic Village Development is committed to creating jobs and economic opportunities for the community. In the past year, six new local businesses were established in the neighborhood, and five large-scale development projects are currently underway. These projects are projected to result in 1,000 new jobs, while 75,000 dollars were secured for business development grants. Also, seven other projects received assistance through the zoning and design review process.

In summary, Slavic Village Development's mission is to engage, empower, and advocate for its community, focusing on housing, job creation, and neighborhood improvement. Through various programs and initiatives, the organization has made significant strides in rehabilitating homes, creating jobs, and fostering a welcoming environment in the Slavic Village neighborhood.

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Impact




October, 2024

Slavic Village Development has a significant impact on the community by fostering civic engagement, enabling community empowerment, and driving neighborhood investment. Its focused approach has led to tangible improvements in housing, economic opportunities, and public spaces.

Through initiatives like the Neighbors Invest in Broadway and Slavic Village Recovery programs, SVD has rehabilitated ten previously vacant and abandoned homes, providing a renewed sense of community and shelter for families. The organization has assisted 535 households with rental, utility, or emergency housing needs, demonstrating a commitment to addressing immediate concerns within the neighborhood. The influx of over $150,000 in direct housing rehab aid and a historic reduction in distressed properties to below 100 underscore the successful revitalization efforts that have taken place.

On the economic front, SVD has successfully established six new local businesses and is currently spearheading five large-scale development projects expected to create 1,000 new jobs. The acquisition of $75,000 in grants for business development further emphasizes its role as an economic catalyst, enhancing job creation and local business support.

Additionally, the enhancement of public spaces reflects the organization’s dedication to improving the overall quality of life in the neighborhood. The establishment of new green spaces, including the planting of 20 trees and the mobilization of over 900 volunteers during neighborhood cleanups, illustrates a commitment to environmental stewardship and community pride.

Overall, Slavic Village Development plays a transformative role in the Slavic Village area of Cleveland, working diligently for the upliftment of its residents, the growth of local business, and the continuous improvement of community spaces.




This information is meant to be a general summary of Slavic Village Development. 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
$3,155,492 (2022)
Expenses
$2,937,275 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $417,304
  • Program Service Revenue: $225,822
  • Gross Receipts: $3,155,492

Assets and Liabilities:

  • Total Assets: $2,304,613
  • Total Liabilities: $336,274
  • Net Assets: $1,968,339

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Programs

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

CONTRACT FEES

Revenue

$140,317

RENTAL INCOME

Revenue

$77,305

MANAGEMENT FEES

Revenue

$8,200

Organization Details

Principal Officer

Christopher Alvarado

Main Address

5620 BROADWAY AVENUE STE 200, CLEVELAND, OH, 44127

NTEE Category

Code: S31 - Community improvement

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