Overview
What is Ohio City Incorporated?
Ohio City Incorporated is a nonprofit organization located at 3308 Lorain Avenue, Cleveland, Ohio. Their mission is centered around community development, aiming to enhance the desirability of their urban, diverse, and historic neighborhood. They serve as a catalyst to foster community relationships, fostering vehicles for problem-solving. This is achieved by developing, preserving, and promoting quality homes for various income levels, retail, office, institutional, and industrial properties, and preserving the historic character of the neighborhood. With a team of 10 dedicated individuals, Ohio City Incorporated is committed to making their community a desirable place for living, working, studying, playing, and worshipping.
Official website here: www.ohiocity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Ohio City Incorporated has earned an 81% rating from Charity Navigator, reflecting its commitment to transparency and accountability in financial management. The organization scored highly across various metrics, achieving full marks for having a majority of independent board members and comprehensive financial oversight, which indicates strong governance practices.
The nonprofit's financial health is demonstrated by its impressive program expense ratio of 89.25%, suggesting that a significant portion of its funds is directed toward its mission-related activities. The existence of clear policies regarding conflicts of interest, whistleblower protections, and document retention further underscores its dedication to ethical operations and accountability.
While the overall rating is positive, it is important for potential donors and supporters to continue monitoring the organization’s performance and impact in the community. As with any nonprofit, staying informed about its activities and financial health will ensure that contributions are making a meaningful difference.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio City Incorporated legitimate?
Ohio City Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio City Incorporated 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: $730,051
For more financial information, click here
Official website here: www.ohiocity.org
What is the mission statement of Ohio City Incorporated?
Ohio City Incorporated's mission is to enhance a diverse, historic urban community, making it an appealing place for living, working, studying, playing, and worshipping. They achieve this by serving as a catalyst, fostering neighborhood relationships to build a strong community and creating opportunities for community problem-solving. The organization actively seeks neighborhood input in residential, commercial, and institutional development planning. They also work on developing or assisting in the development of quality homes for various income levels, retail, office, institutional, and industrial properties. Moreover, Ohio City Incorporated strives to preserve the historical character of the community.
Official website here: www.ohiocity.org
What is the revenue of Ohio City Incorporated?
Ohio City Incorporated's revenue in 2024 was $2,285,366.
Official website here: www.ohiocity.org
Who are the executives of Ohio City Incorporated and what are their salaries?
The average compensation at Ohio City Incorporated during 2024 was $48,670. There are 15 employees and 500 volunteers at Ohio City Incorporated.
Here are 23 key members and their salaries:
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Official website here: www.ohiocity.org
Where can I find the form 990 for Ohio City Incorporated?
Ohio City Incorporated's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ohiocity.org
Learn more at the official website: www.ohiocity.org
Mission Statement of Ohio City Incorporated
Ohio City Incorporated is committed to enhancing and preserving its diverse, historic urban community, making it an attractive place for living, working, studying, playing, and worshipping. The organization serves as a catalyst, fostering neighborhood relationships to build a strong community and creating opportunities for community problem-solving.
In pursuit of its mission, Ohio City Incorporated actively seeks neighborhood input in residential, commercial, and institutional development planning. The nonprofit organization also plays a significant role in developing or supporting the development of quality homes for various income levels. Furthermore, Ohio City Incorporated is involved in the development or assistance of retail, office, institutional, and industrial properties, aiming to maintain the historic character of the neighborhood.
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Impact
October, 2024
Ohio City Incorporated plays a pivotal role in enhancing the quality of life for residents and visitors in Cleveland’s historic urban community. Its efforts focus on developing, preserving, and promoting the diverse character of the area, making it an attractive place to live, work, study, play, and worship.
By serving as a catalyst for fostering neighborhood relationships, Ohio City Incorporated encourages community engagement and collaboration to address local challenges. This approach creates avenues for community problem-solving, ensuring that the voices of residents are heard in matters concerning residential, commercial, and institutional development planning.
The organization actively develops and assists in the development of quality new and rehabilitated homes that accommodate various income levels, thus promoting inclusivity and diversity within the neighborhood. Additionally, it supports the establishment of retail, office, and industrial properties that bolster economic opportunities and contribute to the overall vitality of the community.
Preserving the historic character of the neighborhood is another essential aspect of its mission. By maintaining and enhancing the unique heritage of Ohio City, the organization not only honors the past but also fosters a sense of pride and identity among residents.
Through these impactful initiatives, Ohio City Incorporated significantly contributes to the ongoing transformation and revitalization of the area, ensuring it remains a vibrant and desirable community for all.
This information is meant to be a general summary of Ohio City Incorporated. 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.
- Investment Income: -$112,034
- Program Service Revenue: $442,975
- Gross Receipts: $2,285,366
Assets and Liabilities:
- Total Assets: $3,136,147
- Total Liabilities: $2,777,592
- Net Assets: $358,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT
Revenue
$341,922
RENTAL INCOME
Revenue
$90,150
PROGRAM SERVICES
Revenue
$10,903
Organization Details
Founding Year
1981
Principal Officer
Alex Frondorf
Website
www.ohiocity.orgNTEE Category
Code: S200 - Community improvement
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