Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Lorain County Community Development Corporation
990EZ • Fiscal year 2024 • EIN 30-1292270
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
41st percentile
Higher net margin than 41% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 72.4% of source-year revenue.
Asset Growth
47th percentile
Faster asset growth than 47% of similar nonprofits.
Revenue Growth
17th percentile
Faster revenue growth than 17% of similar nonprofits.
Balance Sheet
Assets
Down$232,321
Down $188 (-0.1%) from 2023
Net Assets
Down$232,321
Down $188 (-0.1%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$190,515
Down $92,485 (-33%) from 2023
Expenses
Up$190,703
Up $136,779 (+254%) from 2023
Net Income
Down-$188
Down $229,264 (-100%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jul 9, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $190,515
Mission and Program Overview
Mission
Our mission is to serve lorain county residents and businesses through community development initiatives by striving to, improve quality of life, foster smart growth, promote economic vitality, encourage development and redevelopment, and to provide tools to community leaders for management and for making policy decisions.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROMOTE COMMUNITY DEVELOPMENT INITIATIVES. | - | $190,703 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| LISA HUTSON | President, C | FT | $137,905 | - | $137,905 |
| ANTHONY GALLO | Trustee | - | $0 | - | - |
| KEVIN KNIGHT | Trustee | - | $0 | - | - |
| PHILIP AMOS | Trustee | - | $0 | - | - |
| CHRIS MEAD | Trustee | - | $0 | - | - |
| DR MARCIA BALLANGER | Trustee | - | $0 | - | - |
| RADHIKA REDDY | Trustee | - | $0 | - | - |
| JOHN FALBO | Trustee | - | $0 | - | - |
| KEITH NELSON | Trustee | - | $0 | - | - |
| BILL HUDNUTT | Trustee | - | $0 | - | - |
| DR REBECCA STARK | Trustee | - | $0 | - | - |
| JAIME HART | Trustee | - | $0 | - | - |
| MAXWELL SHERER | Trustee | - | $0 | - | - |
| BILL KOEHLER | Trustee | - | $0 | - | - |
| KRISTY KUHN | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Lorain County Community Development
- EIN
- 30-1292270
- Phone
- 4403282550
- Address
- 226 MIDDLE AVE, ELYRIA, OH 44035
Signing Officer
- Name
- Lisa Hutson
- Title
- President, CEO
- Phone
- 4403282550
- Signed
- 2025-07-09
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Elek & Noss LLC
- Address
- PO BOX 250, GRAFTON, OH 44044-0250
- Preparer
- Gregory J Elek CPA
- Phone
- 4409269300
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses marketing 11,073 sponsorships 6,584 office expenses 93 it 3,128 travel 1,885 travel & meetings 223 meetings 3,151 insurance 2,140 memberships and dues 1,750 other costs 110 outside administrative co 228 total 30,365”
Form 990-ez, Part III
“Our mission is to serve lorain county residents and businesses through community development initiatives by striving to, improve quality of life, foster smart growth, promote economic vitality, encourage development and redevelopment, and to provide tools to community leaders for management and for making policy decisions.”
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 11 | MAXWELL SHERER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 12 | LISA HUTSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 13 | BILL KOEHLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 14 | KRISTY KUHN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | TRUSTEE |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 11 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 12 | PRESIDENT, C |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 13 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 14 | TRUSTEE |
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| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 30365 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | OUR MISSION IS TO SERVE LORAIN COUNTY RESIDENTS AND BUSINESSES THROUGH COMMUNITY DEVELOPMENT INITIATIVES BY STRIVING TO, IMPROVE QUALITY OF LIFE, FOSTER SMART GROWTH, PROMOTE ECONOMIC VITALITY, ENCOURAGE DEVELOPMENT AND REDEVELOPMENT, AND TO PROVIDE TOOLS TO COMMUNITY LEADERS FOR MANAGEMENT AND FOR MAKING POLICY DECISIONS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROMOTE COMMUNITY DEVELOPMENT INITIATIVES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 190703 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 137095 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | OH |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 190703 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 190703 |
| IRS990EZ/TotalRevenueAmt | 0 | 190515 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 283000 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES MARKETING 11,073 SPONSORSHIPS 6,584 OFFICE EXPENSES 93 IT 3,128 TRAVEL 1,885 TRAVEL & MEETINGS 223 MEETINGS 3,151 INSURANCE 2,140 MEMBERSHIPS AND DUES 1,750 OTHER COSTS 110 OUTSIDE ADMINISTRATIVE CO 228 TOTAL 30,365 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | OUR MISSION IS TO SERVE LORAIN COUNTY RESIDENTS AND BUSINESSES THROUGH COMMUNITY DEVELOPMENT INITIATIVES BY STRIVING TO, IMPROVE QUALITY OF LIFE, FOSTER SMART GROWTH, PROMOTE ECONOMIC VITALITY, ENCOURAGE DEVELOPMENT AND REDEVELOPMENT, AND TO PROVIDE TOOLS TO COMMUNITY LEADERS FOR MANAGEMENT AND FOR MAKING POLICY DECISIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LISA HUTSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT, CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4403282550 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-07-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LORAIN COUNTY COMMUNITY DEVELOPMENT |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LORA |
| ReturnHeader/Filer/EIN | 0 | 301292270 |
| ReturnHeader/Filer/PhoneNum | 0 | 4403282550 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 226 MIDDLE AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ELYRIA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 44035 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 204804849 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ELEK & NOSS LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 250 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GRAFTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 440440250 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4409269300 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-07-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GREGORY J ELEK CPA |
| ReturnHeader/ReturnTs | 0 | 2025-07-09T15:27:45-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $232,321
- Liabilities
- -
- Net assets
- $232,321
- Revenue
- $190,515
- Expenses
- $190,703
- Net income
- -$188
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $2.32 | $2.32 | $1.91 | $1.91 | $0.00 | |
| 2023Detailed filing. Detailed filing data is available for this year. | $2.33 | $0.00 | $2.33 | $2.83 | $0.54 | $2.29 |
| 2022Detailed filing. Detailed filing data is available for this year. | $0.03 | $0.03 | $1.85 | $1.82 | $0.03 | |