Northeast Shores Development Corpor

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

EIN: 341361219 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

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Overview

What is Northeast Shores Development Corpor?

Northeast Shores Development Corporation is a nonprofit organization based in Cleveland, Ohio, with a postal address at PO Box 19069. Their mission and activity revolve around enhancing North Collinwood, aiming to make it an appealing place for residents, workers, and visitors alike. While the specifics of their initiatives are not detailed in the provided information, the organization's overarching goal is to improve North Collinwood as a whole.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97%, Four-Star out of Four Star Rating

Northeast Shores Development Corporation has earned an impressive Four-Star rating from Charity Navigator, reflecting a robust overall score of 97%. This rating indicates a strong emphasis on accountability and financial health, with the entire score derived from a singular beacon focused on these attributes. The organization demonstrates full compliance with best practices in governance, having an entirely independent board and no material diversion of assets.

Strengths of the organization include a high program expense ratio of 91.55%, which suggests that a significant portion of its resources is allocated directly to its programs rather than administrative costs. Additionally, compliance with various policies regarding conflicts of interest, whistleblower protections, and document retention displays a commitment to transparency and ethical management.

Despite its strengths, the data does not indicate any specific limitations or areas of concern for Northeast Shores Development Corporation. Overall, the organization appears to operate efficiently and effectively, making it a trustworthy option for donors seeking to support community development initiatives.


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

Is Northeast Shores Development Corpor legitimate?

Northeast Shores Development Corpor is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Shores Development Corpor 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 Northeast Shores Development Corpor?

The Northeast Shores Development Corporation has a mission to enhance the quality of life in a broader sense, aiming to create a more livable, workable, and visitable environment for all. Their goal is to contribute positively to the community, striving to make North Colliwod a better place for everyone who resides, works, or visits there.

Who is the CEO of Northeast Shores Development Corpor?

Caroline Peak is the President of Northeast Shores Development Corpor.

What is the revenue of Northeast Shores Development Corpor?

Northeast Shores Development Corpor's revenue in 2021 was $533,251.

Who are the executives of Northeast Shores Development Corpor and what are their salaries?


Here are 2 key members and their salaries:


Elva Brodnick (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caroline Peak (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Northeast Shores Development Corpor?

Northeast Shores Development Corpor's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Northeast Shores Development Corpor

Northeast Shores Development Corporation, in its mission, strives to enhance the living, working, and visiting experience in North Colliwod for everyone. Their primary objective is to transform North Colliwod into a more appealing and viable community for residents and visitors alike. By undertaking various initiatives and projects, this nonprofit organization aims to contribute positively to the overall quality of life in the area.

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Impact




July, 2024

Northeast Shores Development Corporation is actively working to create a better North Collinwood for residents, workers, and visitors. Through their efforts, they are making a positive impact on the community by improving the quality of life, promoting economic development, and enhancing the overall environment in North Collinwood, Cleveland, Ohio. Their focus on community improvement is evident in the various projects and initiatives they undertake to ensure a vibrant and sustainable future for the neighborhood.




This information is meant to be a general summary of Northeast Shores Development Corpor. 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
$533,251 (2021)
Expenses
$257,149 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $514,002
  • Gross Receipts: $533,251

Assets and Liabilities:

  • Total Assets: $1,266,424
  • Total Liabilities: $207,489
  • Net Assets: $1,058,935

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Organization Details

Founding Year

1982

Principal Officer

Caroline Peak

Main Address

PO BOX 19069, CLEVELAND, OH, 44119

NTEE Category

Code: S20 - Community improvement

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