Civic Intelligence

Slavic Village Development

EIN 34-1344279 • 501(c)3 • Cleveland, OH

Profile

Slavic Village Development will promote, empower, and build Broadway/Slavic Village as a thriving, diverse community.

5620 Broadway Avenue Suite 200Cleveland, OH 44127

www.slavicvillage.org

Siviq Scores

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

Liabilities / Assets

64th percentile

0.16x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.12x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

23rd percentile

-9.0%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$77,647

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

16th percentile

-10%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

18%

Faster revenue growth than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,055,577

Down $249,036 (-11%) from 2022

Liabilities

Down

$333,832

Down $2,442 (-0.7%) from 2022

Net Assets

Down

$1,721,745

Down $246,594 (-13%) from 2022

Revenue

Down

$2,754,042

Down $401,450 (-13%) from 2022

Expenses

Up

$3,000,894

Up $63,619 (+2.2%) from 2022

Net Income

Down

-$246,852

Down $465,069 (-213%) from 2022

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $3,302,786Liabilities 2015: $1,233,865Net Assets 2015: $2,068,9212015Assets 2016: $3,281,361Liabilities 2016: $1,295,861Net Assets 2016: $1,985,5002016Assets 2017: $2,648,831Liabilities 2017: $1,083,661Net Assets 2017: $1,565,1702017Assets 2018: $2,672,749Liabilities 2018: $1,099,824Net Assets 2018: $1,572,9252018Assets 2019: $2,433,324Liabilities 2019: $1,055,944Net Assets 2019: $1,377,3802019Assets 2022: $2,304,613Liabilities 2022: $336,274Net Assets 2022: $1,968,3392022Assets 2024: $2,055,577Liabilities 2024: $333,832Net Assets 2024: $1,721,7452024

Highlighted filing

2024

Assets$2,055,577
Liabilities$333,832
Net Assets$1,721,745

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,786,797Expenses 2015: $1,817,466Net Income 2015: -$30,6692015Revenue 2016: $1,801,487Expenses 2016: $1,884,908Net Income 2016: -$83,4212016Revenue 2017: $2,248,727Expenses 2017: $2,669,057Net Income 2017: -$420,3302017Revenue 2018: $2,467,139Expenses 2018: $2,459,384Net Income 2018: $7,7552018Revenue 2019: $2,692,398Expenses 2019: $2,919,407Net Income 2019: -$227,0092019Revenue 2022: $3,155,492Expenses 2022: $2,937,275Net Income 2022: $218,2172022Revenue 2024: $2,754,042Expenses 2024: $3,000,894Net Income 2024: -$246,8522024

Highlighted filing

2024

Revenue$2,754,042
Expenses$3,000,894
Net Income-$246,852

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$2,754,042
Mission and Program Overview

Mission

Slavic village development works with and for its residents, businesses, and instituions to promote civic engagement, community empowerment, and neighborhood investment.

Slavic village development works with and for its residents, businesses, and institutions to promote civic engagement, community empowerment, and neighborhood investment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$533,907$564,745▲ $30,838
Investments Program Related$422,887$360,652▼ $62,235
Land, Buildings, and Equipment, Net$285,310$270,401▼ $14,909
Savings and Temporary Cash Investments$151,777$250,858▲ $99,081
Pledges and Grants Receivable$258,081$115,831▼ $142,250
Cash and Non-Interest-Bearing Accounts$249,569$104,028▼ $145,541
Prepaid Expenses and Deferred Charges$575$168▼ $407
Total Assets$2,291,000$2,055,577▼ $235,423
Other Assets Total$388,894$388,894→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$306,649$300,778▼ $5,871
Accounts Payable and Accrued Expenses$13,954$31,254▲ $17,300
Other Liabilities$1,800$1,800→ $0
Total Liabilities$322,403$333,832▲ $11,429
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,783,169$1,454,012▼ $329,157
Net Assets With Donor Restrictions$185,428$267,733▲ $82,305
Total Net Assets Fund Balance$1,968,597$1,721,745▼ $246,852
Total Liabilities and Net Assets / Fund Balance$2,291,000$2,055,577▼ $235,423

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$266,051$335,286$601,337
Equipment-$47,788$47,788
Land$4,350-$4,350
Investment Program Related Org$360,652--
Other Assets Org$14,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marilyn MosinkskiInterim CEOFT$77,647$77,647
Rob StunekControllerFT$72,785$72,785
Shauna SandersExecutive DiFT$37,500$37,500
Christopher AlvaradoFormer Exec-$23,008$23,008

Board Members and Trustees

NameTitle
Tim VerbaPresident
Doc WarrDirector
Greg KnappDirector
Jamie PawlakDirector
Jarita HowardDirector
Joyce CummingsDirector
Kimberly HillDirector
Krume StojanovskiDirector
Marlane WeslianDirector
Joe DuffyFormer Direc
Sharon PoserFormer Direc
Amanda GerdingSecretary
Jennifer RobockTreasurer
Kate VinciquerraVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,682,720
Program Service Revenue
$133,417
Investment Income
$-62,095
Other Revenue
$0
All Other Contributions
$2,108,160
Change in Net Assets
$-246,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,754,042
Total Revenue per Audited Statements
$2,754,042
Total Revenue per Form 990
$2,754,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,027,861
Salaries, Compensation, and Employee Benefits$973,033
Total Fundraising Expense$22,719
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$397,424$103,925-$501,349
Current Officers, Directors, Trustees, and Key Employees$168,752$42,188-$210,940
Other Employee Benefits$172,012$32,169-$204,181
Occupancy$47,264$33,974-$81,238
Payroll Taxes$45,149$11,414-$56,563
All Other Expenses$40,499$9,235$4,733$54,467
Other Expenses$54,372$3,702$2,641$54,372
Office Expenses$28,302$5,297$8,347$41,946
Insurance$1,227$15,354-$16,581
Fees for Services Other$947$15,108-$16,055
Depreciation Depletion$14,908--$14,908
Conferences and Meetings$5,608$2,117$5,992$13,717
Interest$2,928$158-$3,086
Advertising$833$104$1,006$1,943
Total Functional Expenses$2,703,430$274,745$22,719$3,000,894

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,000,894
Total Expenses per Audited Statements$3,000,894
Total Expenses per Form 990$3,000,894
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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$1,800
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 11B

The form 990 is reviewed by the board before filing.

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

Svd monitors and enforces the policy with an annual certification and disclosure form.

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

Svd reviews work plan goals from prior period. Based on accomplishments, the personnel committee provides compensation recommendations.

Form 990, Page 6, Part VI, Line 19

Consistent with the requirements of section 6104(d) of the irc and the regulations therein, copies of the organization's governing documents are made available upon request, in a timely manner, and subject to charges permitted by law, to any individual who requests them.

Filing and Contact Details

Filer

Filer Name
Slavic Village Development
EIN
34-1344279
Phone
2164291182
Address
5620 BROADWAY AVENUE SUITE 200, CLEVELAND, OH 44127

Signing Officer

Name
Rob Stunek
Title
Controller
Phone
2164291182
Signed
2025-05-12

Organization Details

Principal Officer
Rob Stunek
Formed
1980
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
21
Volunteers
75

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 4A

Slavic village development (svd) is a non-profit organization whose missions is to work with and for its residents, businesses, and institutions to promote civic engagement, community empowerment, and neighborhood investment. This is accomplished through three goals: 1. Svd is an engaged, inclusive and proactive champion empowering its residents and businesses. 2. Svd partners with residents and businesses to improve the slavic village neighborhood through advocacy and promotion. 3. Svd builds slavic village as a welcoming place where families and businesses can thrive. The development of housing is a core function of svd. Over the past year: - three formerly vacant and abandoned homes were rehabilitated through the neighbors invest in broadway and slavic village recovery programs. - 158 households received rental, utility, or emergency housing assistance through svd - over 500,000 in direct housing rehab aid was provided by svd svd works to create jobs and economic opportunities. Over the course of the past year - eight local businesses were created, moved into or expanded their business in the neighborhood. Creating over 20 local new jobs - three commercial buildings received funding to improve the exterior of their commercial building - fifteen other projects received assistance through zoning or design review svd also improves public spaces across the neighborhood - svd received 130,000 in grants to plant 100 new trees and maintain existing tree canopy - 12 neighborhood cleanups were organized, harnessing over 100 volunteers.

Financial Statement Notes

Schedule D, Page 3, Part X

Slavic village development complies with fasb asc 740 - 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 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. The management of svd believes that there are no uncertain tax positions. The svd's tax years that remain subject to examination by the internal revenue service are june 30, 2021 and forward.

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