Civic Intelligence

Slavic Village Development

990 • Fiscal year 2020 • EIN 34-1344279

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 22, 2020

5620 Broadway AvenueCleveland, OH 44127

(216) 429-1182

Siviq Scores

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

Liabilities / Assets

77th percentile

0.41x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.40x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

45th percentile

3.2%

Higher net margin than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$109,171

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

40th percentile

2.2%

Faster asset growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-4.8%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,486,245

Up $52,921 (+2.2%) from 2019

Net Assets

Up

$1,459,750

Up $82,370 (+6.0%) from 2019

Liabilities

Down

$1,026,495

Down $29,449 (-2.8%) from 2019

Revenue

Down

$2,563,261

Down $129,137 (-4.8%) from 2019

Expenses

Down

$2,480,528

Down $438,879 (-15%) from 2019

Net Income

Up

$82,733

Up $309,742 (+136%) from 2019

Historical Trend

Balance Sheet Trend

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

$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 2020: $2,486,245Liabilities 2020: $1,026,495Net Assets 2020: $1,459,7502020Assets 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

2020

Assets$2,486,245
Liabilities$1,026,495
Net Assets$1,459,750

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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 2020: $2,563,261Expenses 2020: $2,480,528Net Income 2020: $82,7332020Revenue 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

2020

Revenue$2,563,261
Expenses$2,480,528
Net Income$82,733
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 22, 2020
Return Version
2019v5.0
Gross Receipts
$2,570,444
Mission and Program Overview

Mission

Slavic village development (svd) (the organization) is a non-profit organization primarily funded through grants and contracts with non-profit housing agencies and the city of cleveland, ohio. Its primary activities are the construction, rehabilitation, weatherization and management of residential homes and multifamily units in the slavic village and broadway avenue area of cleveland, ohio. Its subsidiary main street development, inc. Is a for-profit entity. In addition, svd works to create jobs and employment opportunities, alleviate physical and economic deterioration, stimulate economic revitalization, improve safety and promote the general welfare of residents and businesses located in the slavic village and broadway avenue neighborhood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$853,740$853,740→ $0
Land, Buildings, and Equipment, Net$349,669$332,634▼ $17,035
Savings and Temporary Cash Investments$22,306$325,148▲ $302,842
Cash and Non-Interest-Bearing Accounts$313,574$229,184▼ $84,390
Pledges and Grants Receivable$315,670$175,234▼ $140,436
Accounts Receivable$165,043$164,619▼ $424
Prepaid Expenses and Deferred Charges$747$292▼ $455
Total Assets$2,433,324$2,486,245▲ $52,921
Other Assets Total$412,575$405,394▼ $7,181
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,014,390$981,269▼ $33,121
Accounts Payable and Accrued Expenses$27,408$26,152▼ $1,256
Other Liabilities$14,146$19,074▲ $4,928
Total Liabilities$1,055,944$1,026,495▼ $29,449
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,178,039$1,261,408▲ $83,369
Net Assets With Donor Restrictions$199,341$198,342▼ $999
Total Net Assets Fund Balance$1,377,380$1,459,750▲ $82,370
Total Liabilities and Net Assets / Fund Balance$2,433,324$2,486,245▲ $52,921

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$325,979$275,358$601,337
Equipment$2,305$39,979$42,284
Land$4,350-$4,350
Other Land Buildings-$4,103$4,103
Other Assets Org$500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael Geregach JrControllerFT$79,948$29,223$109,171
Christopher AlvaradoExecutive DiFT$84,135$11,205$95,340
Krume StojanovskiDirector-$10,665-$10,665

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,288,491
Program Service Revenue
$208,768
Investment Income
$66,002
Other Revenue
$0
All Other Contributions
$1,702,504
Change in Net Assets
$82,733

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,563,261
Total Revenue per Audited Statements
$2,563,261
Total Revenue per Form 990
$2,563,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,577,947
Salaries, Compensation, and Employee Benefits$902,581
Total Fundraising Expense$39,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$464,445$67,029$1,755$533,229
Fees for Services Other$370,636$2,755$7,470$380,861
Current Officers, Directors, Trustees, and Key Employees$130,762$27,834$5,487$164,083
Other Employee Benefits$89,063$30,473-$119,536
Office Expenses$74,342$6,627$13,675$94,644
Occupancy$77,495$13,887$250$91,632
Payroll Taxes$46,294$7,378$564$54,236
Pension Plan Contributions$27,402$4,095-$31,497
Conferences and Meetings$16,963$1,679$8,364$27,006
Interest$18,246$2,315-$20,561
Insurance$11,415$7,838-$19,253
Depreciation Depletion$14,601$2,434-$17,035
Information Technology$10,062$1,470-$11,532
Fees for Services Accounting$5,285$881-$6,166
Advertising$1,693$1,500$2,041$5,234
Travel$2,776--$2,776
Fees for Services Legal$588--$588
Other Expenses$459--$459
Total Functional Expenses$2,262,727$178,195$39,606$2,480,528

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,480,528
Total Expenses per Audited Statements$2,480,528
Total Expenses per Form 990$2,480,528
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
Accrued Expenses$14,247
Credit Card Payable$2,777
Security Deposit$2,050
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The federal form 990 is reviewed at a board meeting prior to filing

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

The organization monitors and enforces the policy with an annual certification and disclosure form

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

The organization reviews work plan goals from the prior period based on accomplishments, the personnel committee gives compensation recommendations

Form 990, Page 6, Part VI, Line 19

Consistent with the requirements of section 6104 (d) of the irc and the requlations thereunder, copies of the organizations' federal form 990 and governing documents shall be made available upon request, in a timely manner, and subject to charges permitted by law to any individual who requests it.

Filing and Contact Details

Filer

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

Signing Officer

Name
Christopher Alvarado
Title
Executive Director
Phone
2164291182
Signed
2020-12-22

Organization Details

Principal Officer
Christopher Alvarado
Formed
1980
Legal Domicile
Oh
Voting Board Members
17
Independent Board Members
16
Employees
21
Volunteers
165

Preparer

Firm
Koester Disalvo and Fried
Address
5587 TURNEY ROAD, GARFIELD HTS, OH 44125
Preparer
Kc Koester
Phone
2164757844
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Slavic village development (svd) (the organization) is a non-profit organization primarily funded through grants and contracts with non-profit housing agencies and the city of cleveland, ohio. Its primary activities are the construction, rehabilitation, weatherization and management of residential homes and multifamily units in the slavic village and broadway avenue area of cleveland, ohio. Its subsidiary main street development, inc. Is a for-profit entity. In addition, svd works to create jobs and employment opportunities, alleviate physical and economic deterioration, stimulate economic revitalization, improve safety and promote the general welfare of residents and businesses located in the slavic village and broadway avenue neighborhood.

Form 990, Page 1, Part I, Line 6

Volunteer board provides financial oversight and assists the organization accomplish its mission. An additional 150 volunteers do the following: "tutoring schoolchildren "tree planting "park cleanups "event assistance "block club and community leadership

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

Svd is a lead partner for the third federal foundation-funded slavic village p-16. Over the past year, through the work of svd and its partners, the following educational accomplishments were met: -all five cleveland metropolitan school district k-8 schools continued to make improvements in attendance and test scores, with all students receiving household stability support services through the slavic village p-16. As a result, 72% of children stayed in the same school during the 2019-20 school year, up from 55% in the 2013-2014 school year -engagement efforts resulted in 88% of 3- and 4-year-olds becoming enrolled in high-quality pre-schools -extensive tutoring programs helped 95% of third-graders to pass the state reading test

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

In response to the coronavirus epidemic, svd distributed nearly 1,400 health kits which included multiple masks, sanitizer, alcohol wipes, thermometers, and resource information. In partnership with other neighborhood organizations, svd staff and volunteers personally reached out to over 5,000 households to identify and address pressing medical, food- security, and housing-security needs. Svd launched the "community steward" program in november 2019. Over 30 neighborhood residents received leadership training, racial equity training, and trauma-responsive care education to provide them the tools they need to provide support to their neighbors and refer them to svd and other human-service organizations. The stewards wrote mini grants to create a postcard campaign where postcards were decorated with drawings and positive messages and sent to slavic village residents, led a socially distanced chalk fest, created a virtual talk show with trivia and prizes, held a socially distanced healthy food tasting, and kept the "iron ward music festival" going with covid-19 protocols in place. Housing stability programs piloted by svd staff were adopted by the city of cleveland in november 2019. The "healthy homes initiative" provides housing stability resources to homeowners and renters in the form of direct grants, technical assistance to address home repairs, referrals to repair programs such as the city's paint program, and other help to maintain safe and healthy homes. 540 households were assisted between november 2019 and june 2020.

Form 990, Part IX, Line 11G

Contract services 278,988 2,755 7,470 landscaping 91,648 0 0 total 370,636 2,755 7,470

Form 990, Part XI, Line 9

AUDIT ADJUSTMENT -363

Financial Statement Notes

Schedule D, Page 3, Part X

Svd 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 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 year ended june 30, 2017, and forward.

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IRS990/MissionDesc0SLAVIC VILLAGE DEVELOPMENT (SVD) (THE ORGANIZATION) IS A NON-PROFIT ORGANIZATION PRIMARILY FUNDED THROUGH GRANTS AND CONTRACTS WITH NON-PROFIT HOUSING AGENCIES AND THE CITY OF CLEVELAND, OHIO. ITS PRIMARY ACTIVITIES ARE THE CONSTRUCTION, REHABILITATION, WEATHERIZATION AND MANAGEMENT OF RESIDENTIAL HOMES AND MULTIFAMILY UNITS IN THE SLAVIC VILLAGE AND BROADWAY AVENUE AREA OF CLEVELAND, OHIO. ITS SUBSIDIARY MAIN STREET DEVELOPMENT, INC. IS A FOR-PROFIT ENTITY. IN ADDITION, SVD WORKS TO CREATE JOBS AND EMPLOYMENT OPPORTUNITIES, ALLEVIATE PHYSICAL AND ECONOMIC DETERIORATION, STIMULATE ECONOMIC REVITALIZATION, IMPROVE SAFETY AND PROMOTE THE GENERAL WELFARE OF RESIDENTS AND BUSINESSES LOCATED IN THE SLAVIC VILLAGE AND BROADWAY AVENUE NEIGHBORHOOD.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SVD IS A LEAD PARTNER FOR THE THIRD FEDERAL FOUNDATION-FUNDED SLAVIC VILLAGE P-16. OVER THE PAST YEAR, THROUGH THE WORK OF SVD AND ITS PARTNERS, THE FOLLOWING EDUCATIONAL ACCOMPLISHMENTS WERE MET: -ALL FIVE CLEVELAND METROPOLITAN SCHOOL DISTRICT K-8 SCHOOLS CONTINUED TO MAKE IMPROVEMENTS IN ATTENDANCE AND TEST SCORES, WITH ALL STUDENTS RECEIVING HOUSEHOLD STABILITY SUPPORT SERVICES THROUGH THE SLAVIC VILLAGE P-16. AS A RESULT, 72% OF CHILDREN STAYED IN THE SAME SCHOOL DURING THE 2019-20 SCHOOL YEAR, UP FROM 55% IN THE 2013-2014 SCHOOL YEAR -ENGAGEMENT EFFORTS RESULTED IN 88% OF 3- AND 4-YEAR-OLDS BECOMING ENROLLED IN HIGH-QUALITY PRE-SCHOOLS -EXTENSIVE TUTORING PROGRAMS HELPED 95% OF THIRD-GRADERS TO PASS THE STATE READING TEST
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IRS990/ProgSrvcAccomActy3Grp/Desc0IN RESPONSE TO THE CORONAVIRUS EPIDEMIC, SVD DISTRIBUTED NEARLY 1,400 HEALTH KITS WHICH INCLUDED MULTIPLE MASKS, SANITIZER, ALCOHOL WIPES, THERMOMETERS, AND RESOURCE INFORMATION. IN PARTNERSHIP WITH OTHER NEIGHBORHOOD ORGANIZATIONS, SVD STAFF AND VOLUNTEERS PERSONALLY REACHED OUT TO OVER 5,000 HOUSEHOLDS TO IDENTIFY AND ADDRESS PRESSING MEDICAL, FOOD- SECURITY, AND HOUSING-SECURITY NEEDS. SVD LAUNCHED THE "COMMUNITY STEWARD" PROGRAM IN NOVEMBER 2019. OVER 30 NEIGHBORHOOD RESIDENTS RECEIVED LEADERSHIP TRAINING, RACIAL EQUITY TRAINING, AND TRAUMA-RESPONSIVE CARE EDUCATION TO PROVIDE THEM THE TOOLS THEY NEED TO PROVIDE SUPPORT TO THEIR NEIGHBORS AND REFER THEM TO SVD AND OTHER HUMAN-SERVICE ORGANIZATIONS. THE STEWARDS WROTE MINI GRANTS TO CREATE A POSTCARD CAMPAIGN WHERE POSTCARDS WERE DECORATED WITH DRAWINGS AND POSITIVE MESSAGES AND SENT TO SLAVIC VILLAGE RESIDENTS, LED A SOCIALLY DISTANCED CHALK FEST, CREATED A VIRTUAL TALK SHOW WITH TRIVIA AND PRIZES, HELD A SOCIALLY DISTANCED HEALTHY FOOD TASTING, AND KEPT THE "IRON WARD MUSIC FESTIVAL" GOING WITH COVID-19 PROTOCOLS IN PLACE. HOUSING STABILITY PROGRAMS PILOTED BY SVD STAFF WERE ADOPTED BY THE CITY OF CLEVELAND IN NOVEMBER 2019. THE "HEALTHY HOMES INITIATIVE" PROVIDES HOUSING STABILITY RESOURCES TO HOMEOWNERS AND RENTERS IN THE FORM OF DIRECT GRANTS, TECHNICAL ASSISTANCE TO ADDRESS HOME REPAIRS, REFERRALS TO REPAIR PROGRAMS SUCH AS THE CITY'S PAINT PROGRAM, AND OTHER HELP TO MAINTAIN SAFE AND HEALTHY HOMES. 540 HOUSEHOLDS WERE ASSISTED BETWEEN NOVEMBER 2019 AND JUNE 2020.
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