Civic Intelligence

Detroit Shoreway Community Development Organization

990 • Fiscal year 2015 • EIN 23-7376130

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 17, 2016

6516 DETROIT AVENUE Suite 1Cleveland, OH 44102

(216) 961-4242

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.35x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

65th percentile

0.46x

Higher debt load relative to revenue than 65% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

90th percentile

43%

Higher net margin than 90% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

20th percentile

$92,817

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

95th percentile

56%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

244%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$15,043,808

Up $5,414,132 (+56%) from 2014

Net Assets

Up

$9,734,120

Up $6,408,554 (+193%) from 2014

Liabilities

Down

$5,309,688

Down $994,422 (-16%) from 2014

Revenue

Up

$11,648,851

Up $8,262,643 (+244%) from 2014

Expenses

Up

$6,600,733

Up $3,248,387 (+97%) from 2014

Net Income

Up

$5,048,118

Up $5,014,256 (+14808%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10M-$20MAssets 2011: $7,432,754Liabilities 2011: $3,321,774Net Assets 2011: $4,110,9802011Assets 2012: $9,398,134Liabilities 2012: $5,789,643Net Assets 2012: $3,608,4912012Assets 2013: $9,284,161Liabilities 2013: $5,934,027Net Assets 2013: $3,350,1342013Assets 2014: $9,629,676Liabilities 2014: $6,304,110Net Assets 2014: $3,325,5662014Assets 2015: $15,043,808Liabilities 2015: $5,309,688Net Assets 2015: $9,734,1202015Assets 2016: $12,590,268Liabilities 2016: $5,438,230Net Assets 2016: $7,152,0382016Assets 2017: $12,673,625Liabilities 2017: $6,208,523Net Assets 2017: $6,465,1022017Assets 2018: $14,783,315Liabilities 2018: $8,679,863Net Assets 2018: $6,103,4522018Assets 2019: $14,279,851Liabilities 2019: $8,105,321Net Assets 2019: $6,174,5302019Assets 2020: $12,266,164Liabilities 2020: $8,317,650Net Assets 2020: $3,948,5142020Assets 2021: $12,147,856Liabilities 2021: $7,594,113Net Assets 2021: $4,553,7432021Assets 2022: $11,325,935Liabilities 2022: $7,716,324Net Assets 2022: $3,609,6112022Assets 2023: $10,752,419Liabilities 2023: $23,958,132Net Assets 2023: -$13,205,7132023Assets 2024: $10,831,291Liabilities 2024: $25,056,465Net Assets 2024: -$14,225,1742024

Highlighted filing

2015

Assets$15,043,808
Liabilities$5,309,688
Net Assets$9,734,120

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $4,465,7482011Expenses 2012: $4,140,6162012Revenue 2013: $3,202,959Expenses 2013: $3,538,032Net Income 2013: -$335,0732013Revenue 2014: $3,386,208Expenses 2014: $3,352,346Net Income 2014: $33,8622014Revenue 2015: $11,648,851Expenses 2015: $6,600,733Net Income 2015: $5,048,1182015Revenue 2016: $3,907,309Expenses 2016: $3,880,082Net Income 2016: $27,2272016Revenue 2017: $3,789,321Expenses 2017: $3,812,878Net Income 2017: -$23,5572017Revenue 2018: $3,591,260Expenses 2018: $3,952,910Net Income 2018: -$361,6502018Revenue 2019: $3,302,165Expenses 2019: $3,231,087Net Income 2019: $71,0782019Revenue 2020: $2,371,139Expenses 2020: $4,597,155Net Income 2020: -$2,226,0162020Revenue 2021: $2,889,182Expenses 2021: $2,448,080Net Income 2021: $441,1022021Revenue 2022: $2,455,953Expenses 2022: $3,400,085Net Income 2022: -$944,1322022Revenue 2023: $3,211,836Expenses 2023: $6,477,650Net Income 2023: -$3,265,8142023Revenue 2024: $2,646,514Expenses 2024: $3,605,975Net Income 2024: -$959,4612024

Highlighted filing

2015

Revenue$11,648,851
Expenses$6,600,733
Net Income$5,048,118
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 17, 2016
Return Version
2015v2.1
Gross Receipts
$11,723,452
Mission and Program Overview

Mission

Through collaboration, detroit shoreway community development organization guides the physical, economic and social development of the detroit shoreway neighborhood toward an improved quality of life.

Commercial and residential development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,177,822$3,946,405▼ $3,231,417
Accounts Receivable$200,045$918,699▲ $718,654
Land, Buildings, and Equipment, Net$697,444$621,857▼ $75,587
Cash and Non-Interest-Bearing Accounts$651,716$590,866▼ $60,850
Savings and Temporary Cash Investments$255,848$280,044▲ $24,196
Investments Program Related$-770,168$211,993▲ $982,161
Intangible Assets$13,057$0▼ $13,057
Pledges and Grants Receivable$45,028$10,823▼ $34,205
Prepaid Expenses and Deferred Charges$22,532$3,923▼ $18,609
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$9,629,676$15,043,808▲ $5,414,132
Other Assets Total$1,336,352$8,459,198▲ $7,122,846
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,763,767$4,750,917▼ $12,850
Accounts Payable and Accrued Expenses$871,207$499,769▼ $371,438
Deferred Revenue$435,151$0▼ $435,151
Escrow Account Liability$14,364$30,460▲ $16,096
Other Liabilities$219,621$28,542▼ $191,079
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,304,110$5,309,688▼ $994,422
Net Assets / Fund Balance
Unrestricted Net Assets$2,974,066$9,492,490▲ $6,518,424
Temporarily Rstr Net Assets$351,500$241,630▼ $109,870
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,325,566$9,734,120▲ $6,408,554
Total Liabilities and Net Assets / Fund Balance$9,629,676$15,043,808▲ $5,414,132

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$237,642$259,020$496,662
Buildings$350,462$73,173$423,635
Leasehold Improvements$1,853$30,881$32,734
Land$31,900-$31,900
Other Land Buildings-$0$0
Other Assets Org$8,459,198--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey RamseyExecutive DirectorFT$83,827$8,990$92,817
Sharon ParksCFOFT$69,696$8,912$78,608

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,876,718
Program Service Revenue
$1,131,600
Investment Income
$31,247
Other Revenue
$7,609,286
All Other Contributions
$765,718
Change in Net Assets
$5,048,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,972,412
Salaries, Compensation, and Employee Benefits$1,628,321
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,047,447$94,383$0$1,141,830
All Other Expenses$354,944$26,658-$381,602
Occupancy$287,857$4,805$0$292,662
Other Employee Benefits$168,961$12,215$0$181,176
Current Officers, Directors, Trustees, and Key Employees$157,528$13,897$0$171,425
Fees for Services Other$146,103$0-$146,103
Other Expenses$135,973$0$0$135,973
Payroll Taxes$123,630$10,260$0$133,890
Fees for Services Management$79,609$0$0$79,609
Office Expenses$68,191$6,465$0$74,656
Advertising$56,091$0$0$56,091
Interest$45,723$8,134$0$53,857
Depreciation Depletion$15,405$28,087$0$43,492
Insurance$34,638$2,351$0$36,989
Fees for Services Accounting$8,083$18,203$0$26,286
Conferences and Meetings$25,009$682$0$25,691
Fees for Services Legal$7$0$0$7
Total Functional Expenses$6,374,593$226,140$0$6,600,733
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$22,121
Fundraising Gross Income$11,375
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fund.$882,664$11,375-$11,375
Total Events$882,664$11,375$22,121$-10,746
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$18,740
Accrued Real Estate Taxes$9,802
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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, PART VI, SECTION A, LINE 6:

Detroit shoreway membership is comprised of residents, enterpreneurs, and business owners, membership benefits include subscription to quarterly newsletter, advance notice of events and fundraising opportunities, invitation to promote business/services as dscdo sponsored events, premium placement in business directory, and free link to detroit shoreway website.

FORM 990, PART VI, SECTION B, LINE 11:

A draft copy of the form 990 is e-mailed to the cfo for review and commenting prior to filing. A copy of the return is also e-mailed to the board members.

FORM 990, PART VI, SECTION B, LINE 12C:

Board of directors' agreement is required to be signed with every board position appointment or renewal and all potential conflicts of interest must be disclosed annually.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Detroit Shoreway Community Development
EIN
23-7376130
In Care Of
% SHARON PARKS
Phone
2169614242
Address
6516 DETROIT AVENUE Suite 1, CLEVELAND, OH 44102

Signing Officer

Name
Jeffrey Ramsey
Title
Executive Director
Phone
2169614242
Signed
2016-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Ramsey
Formed
1976
Legal Domicile
Oh
Voting Board Members
23
Independent Board Members
23
Employees
38
Volunteers
50

Preparer

Firm
Bdo USA Llp
Address
32125 SOLON ROAD, SOLON, OH 44139
Preparer
Annette Hoelzer
Phone
4402488787
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:

Citizen participation- provides community-related services such as crime-watch and summer youth employment programs to enhance the quality of life for area residents. West side housing center provides foreclosure prevention assistance to the public through education and technical assistance. Gordon square arts- renovation and construction of theatres in the art district of cleveland's west side where a powerful combination of housing, new businesses, the arts and neighborhood beautification are sparking the development of new jobs for residents.

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

Distribution of net deficits related to changes in controls $1,429,049 subsidiary equity income $(68,613) total to form 990, part xi, line 9 $1,360,436

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. Income taxes on unrelated business income, if any, are provided at the applicable rates on income for financial reporting purposes. Dscdo has adopted the accounting guidance for uncertainty in income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. As of december 31, 2015 and 2014 dscdo had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The earliest year that dscdo is subject to examination by tax authorities is the fiscal year ended december 31, 2012. Dscdo's income tax filings are subject to audit by various taxing authorities. In evaluating its activities, dscdo believes its position on tax-exempt status is current based on current faxts and circumstances. Dscdo has assessed that there are no activities unrelated to its purpose and, therefore, no tax is to be recognized. It is the policy of dscdo to include in operating expenses penalties and interest assessed by income taxing authorities. There are no penalties or interest from taxing authorities included in the operating expenses for the years ended december 31, 2015 and 2014.

Part IV, Line 2B

Detroit shoreway acts as the custodial agent for various groups who receive funding but do maintain checking accounts for their groups. They are required to have a fiscal agent handle the funds. Dscdo requires the appointed representative to submit in writing all requests for distribution of any of the funds.

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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$25.1$14.2$2.65$3.61$0.96
2023Detailed filing. Detailed filing data is available for this year.$10.8$24.0$13.2$3.21$6.48$3.27
2022Detailed filing. Detailed filing data is available for this year.$11.3$7.72$3.61$2.46$3.40$0.94
2021Detailed filing. Detailed filing data is available for this year.$12.1$7.59$4.55$2.89$2.45$0.44
2020Detailed filing. Detailed filing data is available for this year.$12.3$8.32$3.95$2.37$4.60$2.23
2019Detailed filing. Detailed filing data is available for this year.$14.3$8.11$6.17$3.30$3.23$0.07
2018Detailed filing. Detailed filing data is available for this year.$14.8$8.68$6.10$3.59$3.95$0.36
2017Detailed filing. Detailed filing data is available for this year.$12.7$6.21$6.47$3.79$3.81$0.02
2016Detailed filing. Detailed filing data is available for this year.$12.6$5.44$7.15$3.91$3.88$0.03
2015Detailed filing. Detailed filing data is available for this year.$15.0$5.31$9.73$11.6$6.60$5.05
2014Detailed filing. Detailed filing data is available for this year.$9.63$6.30$3.33$3.39$3.35$0.03
2013Detailed filing. Detailed filing data is available for this year.$9.28$5.93$3.35$3.20$3.54$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.40$5.79$3.61$4.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.43$3.32$4.11$4.47