Overview
What is Westown Community Development Corp?
Westown Community Development Corp, located in Cleveland, Ohio, serves approximately 25,000 residents and 11,000 housing units in its vicinity. The organization's primary focus is to enhance and preserve the Westown neighborhoods and businesses, catering to a diverse demographic of 25% African American, 25% Latino, and 50% White residents. The primary commercial corridor is Lorain Avenue, which showcases a mix of specialty shops, ethnic markets, cafes, and fine dining restaurants, among other attractions. Westown Community Development Corp provides services to its residents, businesses, and stakeholders, maintaining the neighborhood's vibrant, historic, and culturally diverse character, which boasts a variety of housing choices. The organization also manages three other commercial corridors in the area, with a total of 7 employees.
Official website here: www.westoencdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
Westown Community Development Corp has achieved a commendable 90% rating, reflecting strong accountability and financial health. This score is solely derived from their Accountability & Finance beacon, indicating a solid organizational structure and responsible management of resources. The charity's independent board, comprising 10 members, receives high marks for its governance practices, showcasing a commitment to transparency and oversight.
The organization has demonstrated effective financial management, with a program expense ratio of 75.18%, indicating that a significant portion of their expenditures directly supports their mission. Additionally, their low liabilities to assets ratio of 19.68% reflects a sound financial position, minimizing risk and ensuring sustainability. Policies are in place for document retention, conflicts of interest, and board meeting records, further enhancing their operational integrity.
However, the absence of a whistleblower policy is noted as a limitation, which may affect their ability to handle internal reporting concerns effectively. While this shortfall does not significantly detract from their overall rating, it highlights an area for improvement in governance practices. Overall, Westown Community Development Corp stands out as a well-managed nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Westown Community Development Corp legitimate?
Westown Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westown Community 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: $78,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,441
For more financial information, click here
Official website here: www.westoencdc.org
What is the mission statement of Westown Community Development Corp?
Westown Community Development Corp's mission is centered around providing services that enhance and maintain the vibrant, historically significant, and culturally diverse neighborhoods and businesses within its service area. This organization aims to improve the quality of life for its residents, business owners, and stakeholders. The service area, known as Westown, includes a range of housing options and several retail corridors, boasting a mix of specialty shops, ethnic markets, cafes, restaurants, and live entertainment venues. Westown Community Development Corp's activities are geared towards preserving and uplifting this diverse community, fostering a sense of belonging and community growth.
Official website here: www.westoencdc.org
Who is the CEO of Westown Community Development Corp?
Rose Zitiello is the Executive Di of Westown Community Development Corp.
Official website here: www.westoencdc.org
What is the revenue of Westown Community Development Corp?
Westown Community Development Corp's revenue in 2022 was $482,567.
Official website here: www.westoencdc.org
Who are the executives of Westown Community Development Corp and what are their salaries?
The average compensation at Westown Community Development Corp during 2022 was $40,246. There are 7 employees and 35 volunteers at Westown Community Development Corp.
Here are 11 key members and their salaries:
- Compensation: $78,280
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Official website here: www.westoencdc.org
Where can I find the form 990 for Westown Community Development Corp?
Westown Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westoencdc.org
Learn more at the official website: www.westoencdc.org
Mission Statement of Westown Community Development Corp
Westown Community Development Corp, a vibrant and culturally diverse organization, is committed to enhancing and maintaining the neighborhoods and businesses within its service area. Known as Westown, this city neighborhood offers a variety of housing options and includes approximately 25,000 residents. The nonprofit's mission is to provide services that benefit its residents, business owners, and stakeholders, ensuring the area remains a desirable and thriving community.
The service area of Westown Community Development Corp is home to various retail corridors, including the primary one on Lorain Avenue, which boasts an eclectic mix of shops, markets, cafes, restaurants, and historic landmarks. The organization's services extend beyond Lorain Avenue, encompassing commercial corridors on West 117th Street, West 105th Street, and Bellaire Road. Within these areas, the nonprofit supports locally-owned businesses, catering to the diverse needs and tastes of the community.
By providing services to its residents, business owners, and stakeholders, Westown Community Development Corp aims to preserve the unique character and historical significance of its neighborhoods. The organization's mission is to foster a sense of community, promote economic growth, and ensure that Westown remains a vibrant and desirable place to live, work, and visit.
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Impact
July, 2024
Westown Community Development Corp's impact can be seen in the positive transformation and maintenance of the Westown neighborhoods and businesses. By providing services to its residents, business owners, and stakeholders, WCDC contributes to enhancing the vibrancy and cultural diversity of the area. The organization's efforts benefit approximately 25,000 residents and 11,000 housing units in the community. Additionally, WCDC plays a key role in supporting the four large retail corridors, such as Lorain Avenue, which forms a vital link between Cleveland Hopkins Airport and downtown Cleveland, offering a diverse range of shops, restaurants, and entertainment venues.
Through its mission to enhance and maintain Westown, WCDC actively contributes to community improvement and economic development in Cleveland, Ohio. The organization's focus on serving the diverse needs of the neighborhood underscores its commitment to fostering a thriving and inclusive community for all stakeholders.
This information is meant to be a general summary of Westown Community 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.
- Program Service Revenue: $34,446
- Gross Receipts: $482,567
Assets and Liabilities:
- Total Assets: $672,670
- Total Liabilities: $107,433
- Net Assets: $565,237
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OHIO DEPARTMENT OF EDUCATION
Revenue
$25,797
PROGRAM FEES
Revenue
$8,649
Organization Details
Founding Year
1994
Phone
(216) 941-9262Principal Officer
Rose Zitiello
Main Address
10313 LORAIN AVENUE, CLEVELAND, OH, 44111
Website
www.westoencdc.orgNTEE Category
Code: S20Z - Community improvement
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