Civic Intelligence

Tremont West Development Corp

EIN 23-7029247 • 501(c)3 • Cleveland, OH

Profile

Tremont west development corp serves tremont by organizing an inclusive community, building a unified neighborhood, and promoting a unique destination.

2406 Professor AvenueCleveland, OH 44113

www.tremontwest.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.42x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

0.73x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

50th percentile

4.3%

Higher net margin than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

81st percentile

$83,757

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

60th percentile

7.7%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-4.3%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,668,402

Down $29,226 (-1.7%) from 2023

Liabilities

Up

$914,249

Up $42,957 (+4.9%) from 2023

Net Assets

Down

$754,153

Down $72,183 (-8.7%) from 2023

Revenue

Up

$866,737

Up $87,266 (+11%) from 2023

Expenses

Up

$944,440

Up $2,093 (+0.2%) from 2023

Net Income

Up

-$77,703

Up $85,173 (+52%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,559,135Liabilities 2011: $1,121,886Net Assets 2011: $437,2492011Assets 2012: $981,701Liabilities 2012: $647,125Net Assets 2012: $334,5762012Assets 2013: $951,664Liabilities 2013: $394,295Net Assets 2013: $557,3692013Assets 2014: $952,792Liabilities 2014: $411,151Net Assets 2014: $541,6412014Assets 2015: $721,503Liabilities 2015: $337,451Net Assets 2015: $384,0522015Assets 2016: $1,345,591Liabilities 2016: $330,182Net Assets 2016: $1,015,4092016Assets 2017: $1,602,024Liabilities 2017: $305,165Net Assets 2017: $1,296,8592017Assets 2018: $1,514,550Liabilities 2018: $335,086Net Assets 2018: $1,179,4642018Assets 2019: $1,541,034Liabilities 2019: $467,518Net Assets 2019: $1,073,5162019Assets 2020: $1,400,015Liabilities 2020: $578,955Net Assets 2020: $821,0602020Assets 2021: $1,507,868Liabilities 2021: $630,748Net Assets 2021: $877,1202021Assets 2022: $1,649,152Liabilities 2022: $659,940Net Assets 2022: $989,2122022Assets 2023: $1,697,628Liabilities 2023: $871,292Net Assets 2023: $826,3362023Assets 2024: $1,668,402Liabilities 2024: $914,249Net Assets 2024: $754,1532024

Highlighted filing

2024

Assets$1,668,402
Liabilities$914,249
Net Assets$754,153

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $718,9242011Expenses 2012: $849,5432012Expenses 2013: $915,6972013Revenue 2014: $757,485Expenses 2014: $778,036Net Income 2014: -$20,5512014Revenue 2015: $808,743Expenses 2015: $966,332Net Income 2015: -$157,5892015Revenue 2016: $1,512,169Expenses 2016: $880,812Net Income 2016: $631,3572016Revenue 2017: $1,138,861Expenses 2017: $857,411Net Income 2017: $281,4502017Revenue 2018: $665,601Expenses 2018: $782,996Net Income 2018: -$117,3952018Revenue 2019: $889,888Expenses 2019: $995,836Net Income 2019: -$105,9482019Revenue 2020: $897,111Expenses 2020: $1,149,567Net Income 2020: -$252,4562020Revenue 2021: $858,783Expenses 2021: $821,797Net Income 2021: $36,9862021Revenue 2022: $914,189Expenses 2022: $802,097Net Income 2022: $112,0922022Revenue 2023: $779,471Expenses 2023: $942,347Net Income 2023: -$162,8762023Revenue 2024: $866,737Expenses 2024: $944,440Net Income 2024: -$77,7032024

Highlighted filing

2024

Revenue$866,737
Expenses$944,440
Net Income-$77,703

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.67$0.91$0.75$0.87$0.94$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.70$0.87$0.83$0.78$0.94$0.16
2022Detailed filing. Detailed filing data is available for this year.$1.65$0.66$0.99$0.91$0.80$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.51$0.63$0.88$0.86$0.82$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.40$0.58$0.82$0.90$1.15$0.25
2019Detailed filing. Detailed filing data is available for this year.$1.54$0.47$1.07$0.89$1.00$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.51$0.34$1.18$0.67$0.78$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.60$0.31$1.30$1.14$0.86$0.28
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.33$1.02$1.51$0.88$0.63
2015Detailed filing. Detailed filing data is available for this year.$0.72$0.34$0.38$0.81$0.97$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.41$0.54$0.76$0.78$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.39$0.56$0.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.65$0.33$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$1.12$0.44$0.72
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$886,728
Mission and Program Overview

Mission

Mission statement: "we serve tremont by organizing an inclusive community, building a unified neighborhood, and promoting a national destination."

Tremont west development corp serves tremont by organizing an inclusive community, building a unified neighborhood, and promoting a unique destination.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$620,924$679,769▲ $58,845
Other Notes and Loans Receivable, Net$444,649$444,649→ $0
Savings and Temporary Cash Investments$137,052$206,909▲ $69,857
Pledges and Grants Receivable$140,531--
Investments in Publicly Traded Securities$90,704$107,120▲ $16,416
Accounts Receivable$11,963$92,892▲ $80,929
Cash and Non-Interest-Bearing Accounts$192,698$59,211▼ $133,487
Prepaid Expenses and Deferred Charges$9,939$28,684▲ $18,745
Total Assets$1,697,628$1,668,402▼ $29,226
Other Assets Total$49,168$49,168→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$565,431$614,731▲ $49,300
Accounts Payable and Accrued Expenses$192,860$184,057▼ $8,803
Unsecured Notes Loans Payable$99,599$98,659▼ $940
Other Liabilities$13,402$16,802▲ $3,400
Total Liabilities$871,292$914,249▲ $42,957
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$826,336$754,153▼ $72,183
Total Net Assets Fund Balance$826,336$754,153▼ $72,183
Total Liabilities and Net Assets / Fund Balance$1,697,628$1,668,402▼ $29,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$510,816$361,560-
Other Land Buildings$15,792$28,526-
Land$122,442--
Equipment$30,719--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$90,704-▲ $16,237$1,364$107,120
2022$102,999-▲ $3,298$15,593$90,704
2021$103,413-▲ $414-$102,999
2020$77,139-▲ $26,274-$103,413
2019$77,130-▲ $9-$77,139
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julie DahlhausenExecutive DiFT$52,868$52,868

Board Members and Trustees

NameTitle
Tom TosuksriPresident
Barbara AndelmanBoard Member
Dan CotterBoard Member
Deborah SmithBoard Member
Fred CalatrelloBoard Member
Jamie DecletBoard Member
Jennifer TempleBoard Member
John JacksonBoard Member
Jonathan GreeverBoard Member
Rich SosenkoBoard Member
Elaine BorawskiEx Board Mem
Seronica Powell1st Vice Pre
KATE O'NEIL2nd Vice Pre
Carolyn BentleySecretary
Dan ImfeldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$474,554
Program Service Revenue
$193,950
Investment Income
$29,956
Other Revenue
$168,277
All Other Contributions
$62,000
Change in Net Assets
$-77,703

Audited Revenue Reconciliation

Revenue per Audited Statements
$866,737
Total Revenue per Audited Statements
$866,737
Total Revenue per Form 990
$866,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$517,833
Salaries, Compensation, and Employee Benefits$426,607
Total Fundraising Expense$50,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$229,863$52,103$24,524$306,490
Fees for Services Accounting$71,523$16,212$7,629$95,364
Occupancy$90,588$2,368$1,388$94,344
Current Officers, Directors, Trustees, and Key Employees$39,656$8,988$4,224$52,868
Office Expenses$23,510$7,037$3,177$33,724
Other Employee Benefits$22,607$5,124$2,412$30,143
Interest-$29,147-$29,147
Depreciation Depletion$18,642$7,170$2,867$28,679
Payroll Taxes$20,750$4,703$2,213$27,666
Other Expenses$10,111$2,292$1,078$13,481
Pension Plan Contributions$7,080$1,605$755$9,440
Information Technology$6,685$2,225-$8,910
Advertising$2,581$586$276$3,443
Insurance$1,761$1,259-$3,020
Travel$595$135$63$793
Total Functional Expenses$709,317$184,517$50,606$944,440

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$944,440
Total Expenses per Audited Statements$944,440
Total Expenses per Form 990$944,440
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,862
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fundrais$25,862$25,862-$25,862
Total Events$25,862$25,862-$25,862
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$16,802
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Election of the board of directors takes place at the annual meeting. Only members may serve on the board. Members may express their interest in running for the board in advance of the annual meeting by contacting the nominating committee chair or they may run from the floor at the annual meeting.

Form 990, Page 6, Part VI, Line 11B

Federal form 990 was provided to the finance committee for review and approval and then forward to all board members prior to filing.

Form 990, Page 6, Part VI, Line 12C

All board members are asked to read the organization's conflict of interest policy and submit any possible conflicts in writing to the board president.

Form 990, Page 6, Part VI, Line 15A

Executive directors salary is determined by the executive committee.

Form 990, Page 6, Part VI, Line 19

Consistent with the requirements of section 6104(d) of the internal revenue code and the regulations thereunder, copies of the organization's governing documents shall be made available upon request, in a timely manner, and subject to the charges permitted by law to any individuals who request it.

Filing and Contact Details

Filer

Filer Name
Tremont West Development Corp
EIN
23-7029247
Phone
2165750920
Address
2406 PROFESSOR AVENUE, CLEVELAND, OH 44113

Signing Officer

Name
Julie Dahlhausen
Title
Executive Director
Phone
2165750920
Signed
2025-05-09

Organization Details

Principal Officer
Julie Dahlhausen
Formed
1969
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
8
Volunteers
20

Preparer

Firm
Mcmanamon & Co LLC
Address
1651 CROSSINGS PKWY D, WESTLAKE, OH 44145-1959
Preparer
Jeffrey D Firestone CPA Cva
Phone
4408928900
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Tremont west offers fiscal agency support to smaller community projects and organizations, helping them access funding and manage budgets effectively. This program enhances the impact of grassroots initiatives by providing administrative oversight, compliance monitoring, and grant management. Costs are associated with staff time and financial systems, while revenue includes administrative fees. The organization supports small business development, offering technical assistance, workshops, and individualized support to help local entrepreneurs thrive. Programs focus on business planning, funding access, and marketing strategies. Expenses include training materials, consultant fees, and staff time. These services generate revenue from sponsorships and fees while supporting local economic development. Tremont west engages in city engagement efforts, acting as a liaison between the community and municipal entities to ensure equitable access to city programs and services. This includes advocacy for affordable housing, infrastructure improvements, and public safety. Costs involve staff time and community outreach efforts, while revenue may derive from government grants or contracts. This work involves collaborating transparently and cooperatively with residents, business leaders, and external community partners to optimize resources and implement neighborhood plans that address challenges, providing everyone the opportunity to progress, lead healthy lives, and thrive

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting for uncertainty in income taxes. Fasb asc 740 details how companies should recognize, measure, present and disclose uncertain tax positions that have been or are expected to be taken. As such, the financial statements would reflect expected future tax consequences of uncertain tax positions presuming the taxing authorities' full knowledge of the position and all relevant facts, if they existed. Management believes that there are no uncertain tax positions. The organization's tax years that remain subject to examination by the internal revenue service are fiscal years ended june 30, 2021 and forward.

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