Civic Intelligence

Gateway Economic Development Corporation of Greater Cleveland

990 • Fiscal year 2023 • EIN 34-1650917

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

Organization ProfileGWCOMPLEX.ORG

Refreshing map…

758 Bolivar RoadCleveland, OH 44115

(216) 420-4071

Siviq Scores

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

Liabilities / Assets

81st percentile

0.75x

Higher debt load relative to assets than 81% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

3.94x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

92nd percentile

37%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

4th percentile

$164,403

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

77th percentile

12%

Faster asset growth than 77% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

156%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$429,804,499

Up $46,627,766 (+12%) from 2022

Net Assets

Up

$105,779,592

Up $30,372,500 (+40%) from 2022

Liabilities

Up

$324,024,907

Up $16,255,266 (+5.3%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin92nd percentile

Revenue

Up

$82,302,277

Up $50,099,195 (+156%) from 2022

Expenses

Down

$51,929,777

Down $2,397,384 (-4.4%) from 2022

Net Income

Up

$30,372,500

Up $52,496,579 (+237%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$600M$400M$200M$0-$200MAssets 2010: $165,119,907Liabilities 2010: $317,695,564Net Assets 2010: -$152,575,6572010Assets 2011: $154,973,592Liabilities 2011: $318,714,738Net Assets 2011: -$163,741,1462011Assets 2012: $144,780,681Liabilities 2012: $327,056,572Net Assets 2012: -$182,275,8912012Assets 2013: $130,467,000Liabilities 2013: $307,596,890Net Assets 2013: -$177,129,8902013Assets 2014: $134,858,851Liabilities 2014: $326,942,680Net Assets 2014: -$192,083,8292014Assets 2015: $151,837,437Liabilities 2015: $308,940,415Net Assets 2015: -$157,102,9782015Assets 2016: $179,427,480Liabilities 2016: $304,187,700Net Assets 2016: -$124,760,2202016Assets 2017: $185,976,456Liabilities 2017: $303,633,418Net Assets 2017: -$117,656,9622017Assets 2018: $276,474,909Liabilities 2018: $299,853,563Net Assets 2018: -$23,378,6542018Assets 2019: $424,574,050Liabilities 2019: $306,544,708Net Assets 2019: $118,029,3422019Assets 2020: $429,645,920Liabilities 2020: $301,476,976Net Assets 2020: $128,168,9442020Assets 2021: $401,423,840Liabilities 2021: $303,892,669Net Assets 2021: $97,531,1712021Assets 2022: $383,176,733Liabilities 2022: $307,769,641Net Assets 2022: $75,407,0922022Assets 2023: $429,804,499Liabilities 2023: $324,024,907Net Assets 2023: $105,779,5922023Assets 2024: $591,287,631Liabilities 2024: $375,322,922Net Assets 2024: $215,964,7092024

Highlighted filing

2023

Assets$429,804,499
Liabilities$324,024,907
Net Assets$105,779,592
Open 2023 Filing

Operations Trend

Revenue Growth98th percentile

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

$200M$100M$0-$100MExpenses 2010: $34,660,7902010Expenses 2011: $31,299,4722011Expenses 2012: $37,040,6482012Revenue 2013: $19,084,226Expenses 2013: $31,800,296Net Income 2013: -$12,716,0702013Revenue 2014: $19,579,074Expenses 2014: $34,460,910Net Income 2014: -$14,881,8362014Revenue 2015: $72,412,239Expenses 2015: $37,431,389Net Income 2015: $34,980,8502015Revenue 2016: $73,104,704Expenses 2016: $40,761,946Net Income 2016: $32,342,7582016Revenue 2017: $47,820,761Expenses 2017: $40,717,503Net Income 2017: $7,103,2582017Revenue 2018: $126,298,393Expenses 2018: $32,020,085Net Income 2018: $94,278,3082018Revenue 2019: $173,873,362Expenses 2019: $32,465,366Net Income 2019: $141,407,9962019Revenue 2020: $46,953,957Expenses 2020: $36,814,355Net Income 2020: $10,139,6022020Revenue 2021: $30,122,951Expenses 2021: $60,760,724Net Income 2021: -$30,637,7732021Revenue 2022: $32,203,082Expenses 2022: $54,327,161Net Income 2022: -$22,124,0792022Revenue 2023: $82,302,277Expenses 2023: $51,929,777Net Income 2023: $30,372,5002023Revenue 2024: $162,797,089Expenses 2024: $52,611,972Net Income 2024: $110,185,1172024

Highlighted filing

2023

Revenue$82,302,277
Expenses$51,929,777
Net Income$30,372,500
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$82,302,277
Mission and Program Overview

Mission

Promote economic development

Promote economic develoment in order to prevent the conditions of blight and deterioration historically existing in the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$381,719,084$428,795,599▲ $47,076,515
Rtn Earn Endowment Incm Other Fnds$75,407,092$105,779,592▲ $30,372,500
Savings and Temporary Cash Investments$1,415,911$932,334▼ $483,577
Prepaid Expenses and Deferred Charges$41,738$76,566▲ $34,828
Total Assets$383,176,733$429,804,499▲ $46,627,766
Liabilities
Unsecured Notes Loans Payable$304,543,188$309,934,915▲ $5,391,727
Accounts Payable and Accrued Expenses$2,666,095$13,445,120▲ $10,779,025
Deferred Revenue$320,358$404,872▲ $84,514
Other Liabilities$240,000$240,000→ $0
Total Liabilities$307,769,641$324,024,907▲ $16,255,266
Net Assets / Fund Balance
Total Net Assets Fund Balance$75,407,092$105,779,592▲ $30,372,500
Total Liabilities and Net Assets / Fund Balance$383,176,733$429,804,499▲ $46,627,766

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$339,759,637$411,226,473-
Other Land Buildings$66,363,440--
Land$22,672,522--
Equipment-$111,480-
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Todd GreathouseExecutive DiFT$164,403$164,403
Todd GreathouseExecutive Director-$164,403$164,403
Paul J ValvodaControllerFT$88,705$88,705

Board Members and Trustees

NameTitle
Ahmed AbonamahTrustee - Pa
Davita RussellTrustee - Pa
Ken SillimanTrustee - Pa
Matt CarrollTrustee - Pa
Ron KingTrustee - Pa

Highest Paid Contractors

ContractorServicesLocationCompensation
Ma Mortenson CoConstruction700 MEADOW LANE N, Minneapolis, MN 55422$23,337,903
Whiting-turner Contracting CoConstruction300 E JOPPA RD, Baltimore, MD 21297$17,354,345
Moody NolanArchitectural300 SPRUCE STREET SUITE 300, Columbus, OH 43215$7,669,472
Manica ArchitectureArchitecture1915 W 43RD AVE STE 100, Kansas City, KS 66103$3,108,490
Platform Cement INCConstruction7504 TYLER BLVD, Mentor, OH 44060$2,794,540
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$78,960,009
Investment Income
$13,641
Other Revenue
$3,328,627
Change in Net Assets
$30,372,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$82,302,277
Total Revenue per Audited Statements
$82,302,277
Total Revenue per Form 990
$82,302,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,546,551
Salaries, Compensation, and Employee Benefits$1,383,226
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$27,222,500--$27,222,500
Interest$11,669,988--$11,669,988
Other Expenses$751,332$132,588-$883,920
Other Salaries and Wages$524,952$224,980-$749,932
Other Employee Benefits$193,907$83,103-$277,010
Current Officers, Directors, Trustees, and Key Employees$226,496$26,612-$253,108
Occupancy$135,120--$135,120
Insurance$110,397$19,482-$129,879
Fees for Services Legal$23,986$71,957-$95,943
Payroll Taxes$54,739$23,459-$78,198
Office Expenses$13,180$54,249-$67,429
Fees for Services Other$12,839$38,518-$51,357
All Other Expenses$24,317$4,204-$28,521
Pension Plan Contributions$17,485$7,493-$24,978
Fees for Services Accounting$4,425$13,275-$17,700
Total Functional Expenses$51,229,857$699,920$0$51,929,777

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$51,929,777
Total Expenses per Audited Statements$51,929,777
Total Expenses per Form 990$51,929,777
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
Refundable Deposits$240,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
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, Part VI

“Line 11b. A review of form 990 is performed by the directors for approval. Line 15b. Compensation review is performed by the directors. Line 19. Documents are available to the public upon request.”

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

“Form 990 is reviewed in detail and information verified by the controller prior to submission.”

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

“Ongoing review of directors and employees”

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

“Review performed by directors”

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

“Review performed by directors”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Gateway Economic Development
EIN
34-1650917
Phone
2164204071
Address
758 BOLIVAR ROAD, CLEVELAND, OH 44115

Signing Officer

Name
Todd Greathouse
Title
Executive Director
Phone
2164204072
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Greathouse
Formed
1990
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
16

Preparer

Firm
True Wealth Design LLC
Address
700 GHENT RD STE 100, FAIRLAWN, OH 44333
Preparer
Mark Wirkus CPA
Phone
3303335900
Supplemental Narrative

Additional Explanations

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

“Gateway economic development corporation of cleveland is organized to construct, own and provide for the operation of a sports facility, which includes a baseball stadium, arena and a joint development site. The sports facility was built in order to prevent the spread of blight and deterioration historically existing in the area. In this way, the corporation is lessening the burdens of government.”

Raw XML AppendixShowing 400 of 460 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.

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IRS990/MissionDesc0PROMOTE ECONOMIC DEVELOPMENT IN ORDER TO PREVENT THE CONDITIONS OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA.
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IRS990/NetAssetsOrFundBalancesEOYAmt0105779592
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IRS990/OccupancyGrp/TotalAmt0135120
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt054249
IRS990/OfficeExpensesGrp/ProgramServicesAmt013180
IRS990/OfficeExpensesGrp/TotalAmt067429
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt083103
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0193907
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0277010
IRS990/OtherExpensesGrp/Desc0TRANSFORMATION PROJ EXP
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2PROPERTY TAX EXPENSES
IRS990/OtherExpensesGrp/Desc3SECURITY EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0132588
IRS990/OtherExpensesGrp/ProgramServicesAmt05458930
IRS990/OtherExpensesGrp/ProgramServicesAmt13032425
IRS990/OtherExpensesGrp/ProgramServicesAmt21752839
IRS990/OtherExpensesGrp/ProgramServicesAmt3751332
IRS990/OtherExpensesGrp/TotalAmt05458930
IRS990/OtherExpensesGrp/TotalAmt13032425
IRS990/OtherExpensesGrp/TotalAmt21752839
IRS990/OtherExpensesGrp/TotalAmt3883920
IRS990/OtherLiabilitiesGrp/BOYAmt0240000
IRS990/OtherLiabilitiesGrp/EOYAmt0240000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03328627
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03328627
IRS990/OtherRevenueTotalAmt03328627
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0224980
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0524952
IRS990/OtherSalariesAndWagesGrp/TotalAmt0749932
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023459
IRS990/PayrollTaxesGrp/ProgramServicesAmt054739
IRS990/PayrollTaxesGrp/TotalAmt078198
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07493
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017485
IRS990/PensionPlanContributionsGrp/TotalAmt024978
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041738
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt076566
IRS990/PrincipalOfficerNm0TODD GREATHOUSE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
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IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0BALLPARK IMPROVEMENT PROJECT
IRS990/ProgramServiceRevenueGrp/Desc1CAPITAL IMPROVEMENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2ADMISSION TAX
IRS990/ProgramServiceRevenueGrp/Desc3TRANSFORMATION PROJECT REV
IRS990/ProgramServiceRevenueGrp/Desc4BASE RENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt036716534
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt125501869
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26360169
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35458930
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44893567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036716534
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125501869
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26360169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35458930
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44893567
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING THE BURDENS OF GOVERNMENT.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0430534
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03706
IRS990/PYOtherExpensesAmt053185889
IRS990/PYOtherRevenueAmt02730186
IRS990/PYProgramServiceRevenueAmt029469190
IRS990/PYRevenuesLessExpensesAmt0-22124079
IRS990/PYSalariesCompEmpBnftPaidAmt01141272
IRS990/PYTotalExpensesAmt054327161
IRS990/PYTotalRevenueAmt032203082
IRS990/ReconcilationRevenueExpnssAmt030372500
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt078960009
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt075407092
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0105779592
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01415911
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0932334
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013641
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03706
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt072
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt095
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0425
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017939
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0144628310
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt041684777
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt06360169
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt08423275
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt08464363
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt08432214
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt010004756
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt041684777
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06360169
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt08423275
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt08464363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08432214
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010004756
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt041684777
IRS990ScheduleA/TotalSupportAmt041702716
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0339759637
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0411226473
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0750986110
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111480
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0111480
IRS990ScheduleD/ExpensesSubtotalAmt051929777
IRS990ScheduleD/LandGrp/BookValueAmt022672522
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt022672522
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt066363440
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt066363440
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0240000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt082302277
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0428795599
IRS990ScheduleD/TotalExpensesPerForm990Amt051929777
IRS990ScheduleD/TotalLiabilityAmt0240000
IRS990ScheduleD/TotalRevenuePerForm990Amt082302277
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt082302277
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt051929777
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0164403
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TODD GREATHOUSE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0164403
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING THE BURDENS OF GOVERNMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 11B. A REVIEW OF FORM 990 IS PERFORMED BY THE DIRECTORS FOR APPROVAL. LINE 15B. COMPENSATION REVIEW IS PERFORMED BY THE DIRECTORS. LINE 19. DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED IN DETAIL AND INFORMATION VERIFIED BY THE CONTROLLER PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ONGOING REVIEW OF DIRECTORS AND EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEW PERFORMED BY DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REVIEW PERFORMED BY DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0383176733
IRS990/TotalAssetsEOYAmt0429804499
IRS990/TotalAssetsGrp/BOYAmt0383176733
IRS990/TotalAssetsGrp/EOYAmt0429804499
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0699920
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt051229857
IRS990/TotalFunctionalExpensesGrp/TotalAmt051929777
IRS990/TotalGrossUBIAmt00

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$429,804,499
Liabilities
$324,024,907
Net assets
$105,779,592
Revenue
$82,302,277
Expenses
$51,929,777
Net income
$30,372,500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$591$375$216$163$52.6$110
2023Detailed filing. Detailed filing data is available for this year.$430$324$106$82.3$51.9$30.4
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$383$308$75.4$32.2$54.3$22.1
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$401$304$97.5$30.1$60.8$30.6
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$430$301$128$47.0$36.8$10.1
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$425$307$118$174$32.5$141
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$276$300$23.4$126$32.0$94.3
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$186$304$118$47.8$40.7$7.10
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$179$304$125$73.1$40.8$32.3
2015Detailed filing. Detailed filing data is available for this year.$152$309$157$72.4$37.4$35.0
2014Detailed filing. Detailed filing data is available for this year.$135$327$192$19.6$34.5$14.9
2013Detailed filing. Detailed filing data is available for this year.$130$308$177$19.1$31.8$12.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$145$327$182$37.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$155$319$164$31.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$165$318$153$34.7