Civic Intelligence

Lorain Development Corporation

EIN 34-1479459 • 501(c)4 • Lorain, OH

Profile

COMMUNITY DEVELOPMENT

200 West Erie Avenue 5th FloorLorain, OH 44052

n/A

Siviq Scores

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

Liabilities / Assets

66th percentile

0.01x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2014

Net Margin

50th percentile

1.2%

Higher net margin than 50% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2014

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2014

Asset Growth

54th percentile

0.0%

Faster asset growth than 54% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

55%

Faster revenue growth than 89% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$169,240

Up $69 (+0.0%) from 2013

Liabilities

Down

$1,713

Down $1,634 (-49%) from 2013

Net Assets

Up

$167,527

Up $1,703 (+1.0%) from 2013

Operations
Liabilities / Revenue67th percentileNet Margin50th percentile

Revenue

Up

$136,793

Up $48,641 (+55%) from 2013

Expenses

Up

$135,090

Up $41,421 (+44%) from 2013

Net Income

Up

$1,703

Up $7,220 (+131%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

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

$200K$150K$100K$50K$0Assets 2010: $148,052Liabilities 2010: $52Net Assets 2010: $148,0002010Assets 2011: $177,436Liabilities 2011: $106Net Assets 2011: $177,3302011Assets 2012: $171,457Liabilities 2012: $116Net Assets 2012: $171,3412012Assets 2013: $169,171Liabilities 2013: $3,347Net Assets 2013: $165,8242013Assets 2014: $169,240Liabilities 2014: $1,713Net Assets 2014: $167,5272014

Highlighted filing

2014

Assets$169,240
Liabilities$1,713
Net Assets$167,527
Open 2014 Filing

Operations Trend

Revenue Growth89th percentile

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

$150K$100K$50K$0-$50KRevenue 2010: $91,884Expenses 2010: $88,036Net Income 2010: $3,8482010Revenue 2011: $139,111Expenses 2011: $109,781Net Income 2011: $29,3302011Revenue 2012: $89,302Expenses 2012: $95,291Net Income 2012: -$5,9892012Revenue 2013: $88,152Expenses 2013: $93,669Net Income 2013: -$5,5172013Revenue 2014: $136,793Expenses 2014: $135,090Net Income 2014: $1,7032014

Highlighted filing

2014

Revenue$136,793
Expenses$135,090
Net Income$1,703
Open 2014 Filing

Filings

Most recent year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$169,240
Liabilities
$1,713
Net assets
$167,527
Revenue
$136,793
Expenses
$135,090
Net income
$1,703
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.02$1.68$1.37$1.35$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.69$0.03$1.66$0.88$0.94$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.00$1.71$0.89$0.95$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.00$1.77$1.39$1.10$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.00$1.48$0.92$0.88$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 8, 2015
Return Version
2014v5.0
Gross Receipts
$136,793
Mission and Program Overview

Mission

COMMUNITY DEVELOPMENT

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION PROCESSES LOANS FOR THE LORAIN COMMUNITY DEVELOPMENT DEPARTMENT AND MANAGES A REVOLVING LOAN FUND THAT STIMULATES ECONOMIC DEVELOPMENT BY SMALL BUSINESS-$77,054
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOANNE ELDRIDGETrustee-$0--
DAVE MASTERSVice President-$0--
ROBERT ELLISPresident-$0--
YOLANDA FERNANDEZTrustee-$0--
DENISE KOSAKOWSKITreasurer-$0--
CARL NIELSONSecretary-$0--
JERRY LEDBETTERTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Lorain Development Corporation
EIN
34-1479459
Phone
4402042020
Address
200 WEST ERIE AVENUE 5TH FLOOR, LORAIN, OH 44052

Signing Officer

Name
Douglas Rangel
Title
Executive Director
Phone
4402042020
Signed
2015-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Alan V Januzzi CPA
Address
7710 RICE RD, AMHERST, OH 44001-9609
Preparer
Alan V Januzzi CPA
Phone
4409852550
Supplemental Narrative

Additional Explanations

Pt V, Line 35B

“The organization did not have any unrelated business income during the year”

Form 990EZ, Part I, Line 16

“Insurance 1056. Travel amd seminars 723. St joes project expenses 50000.”

Form 990EZ, Part II, Line 24

“Accounts receivable - net 7479. 14824. Notes receivable 108399. 126989.”

Form 990EZ, Part II, Line 26

“Accounts payable & accrued expenses 3347. 1713.”

Raw XML Appendix130 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DOUGLAS RANGEL
IRS990EZ/BooksInCareOfDetail/PhoneNum04402042020
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 WEST ERIE AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LORAIN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd044052
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt053293
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt027427
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0132879
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01703
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02950
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0169171
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0169240
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0136793
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InvestmentIncomeAmt03914
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0165824
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0167527
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0165824
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0167527
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt14.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt24.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt34.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt44.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt54.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt64.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOANNE ELDRIDGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DAVE MASTERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ROBERT ELLIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3YOLANDA FERNANDEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DENISE KOSAKOWSKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CARL NIELSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JERRY LEDBETTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6TRUSTEE
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0115878
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0141813
IRS990EZ/OtherExpensesTotalAmt051779
IRS990EZ/PrimaryExemptPurposeTxt0COMMUNITY DEVELOPMENT
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION PROCESSES LOANS FOR THE LORAIN COMMUNITY DEVELOPMENT DEPARTMENT AND MANAGES A REVOLVING LOAN FUND THAT STIMULATES ECONOMIC DEVELOPMENT BY SMALL BUSINESS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt077054
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt080361
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03347
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01713
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0135090
IRS990EZ/TotalProgramServiceExpensesAmt077054
IRS990EZ/TotalRevenueAmt0136793
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING THE YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INSURANCE 1056. TRAVEL AMD SEMINARS 723. ST JOES PROJECT EXPENSES 50000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE - NET 7479. 14824. NOTES RECEIVABLE 108399. 126989.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE & ACCRUED EXPENSES 3347. 1713.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 35b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS RANGEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04402042020
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LORAIN DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LORA
ReturnHeader/Filer/EIN0341479459
ReturnHeader/Filer/PhoneNum04402042020
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 WEST ERIE AVENUE 5TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0LORAIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044052
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALAN V JANUZZI CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07710 RICE RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AMHERST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0440019609
ReturnHeader/PreparerPersonGrp/PhoneNum04409852550
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN V JANUZZI CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-15T12:36:48-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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