Civic Intelligence

Economic Development Rail II

EIN 34-1773503 • 501(c)3 • Youngstown, OH

Profile

Development to prevent economic depression.

4319 Belmont AvenueYoungstown, OH 44505

www.mvedc.com

Siviq Scores

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

Liabilities / Assets

39th percentile

0.02x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

2.77x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

1st percentile

-557%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-4.3%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

54th percentile

9.0%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$1,164,336

Down $52,359 (-4.3%) from 2014

Liabilities

Up

$27,761

Up $3,348 (+14%) from 2014

Net Assets

Down

$1,136,575

Down $55,707 (-4.7%) from 2014

Operations
Liabilities / Revenue94th percentileNet Margin1st percentile

Revenue

Up

$10,009

Up $830 (+9.0%) from 2014

Expenses

Up

$65,716

Up $1,963 (+3.1%) from 2014

Net Income

Down

-$55,707

Down $1,133 (-2.1%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,430,156Liabilities 2010: $17,353Net Assets 2010: $1,412,8032010Assets 2011: $1,375,838Liabilities 2011: $18,568Net Assets 2011: $1,357,2702011Assets 2012: $1,313,026Liabilities 2012: $11,595Net Assets 2012: $1,301,4312012Assets 2013: $1,267,372Liabilities 2013: $20,516Net Assets 2013: $1,246,8562013Assets 2014: $1,216,695Liabilities 2014: $24,413Net Assets 2014: $1,192,2822014Assets 2015: $1,164,336Liabilities 2015: $27,761Net Assets 2015: $1,136,5752015

Highlighted filing

2015

Assets$1,164,336
Liabilities$27,761
Net Assets$1,136,575
Open 2015 Filing

Operations Trend

Revenue Growth54th percentile

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

$100K$50K$0-$50K-$100KExpenses 2010: $48,2342010Expenses 2011: $69,9952011Expenses 2012: $64,3012012Revenue 2013: $8,923Expenses 2013: $63,498Net Income 2013: -$54,5752013Revenue 2014: $9,179Expenses 2014: $63,753Net Income 2014: -$54,5742014Revenue 2015: $10,009Expenses 2015: $65,716Net Income 2015: -$55,7072015

Highlighted filing

2015

Revenue$10,009
Expenses$65,716
Net Income-$55,707
Open 2015 Filing

Filings

Most recent year

2015 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$1,164,336
Liabilities
$27,761
Net assets
$1,136,575
Revenue
$10,009
Expenses
$65,716
Net income
-$55,707
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.03$1.14$0.01$0.07$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.22$0.02$1.19$0.01$0.06$0.05
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.02$1.25$0.01$0.06$0.05
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.01$1.30$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.02$1.36$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.02$1.41$0.05
Latest Detailed Filing

The latest 2015 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 17, 2015
Return Version
2014v5.0
Gross Receipts
$9,179
Mission and Program Overview

Mission

Development to prevent economic depression.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,248,655$1,197,120▼ $51,535
Cash and Non-Interest-Bearing Accounts$17,470$17,525▲ $55
Accounts Receivable$1,247$2,050▲ $803
Total Assets$1,267,372$1,216,695▼ $50,677
Liabilities
Other Liabilities$20,516$24,413▲ $3,897
Total Liabilities$20,516$24,413▲ $3,897
Net Assets / Fund Balance
Unrestricted Net Assets$1,246,856$1,192,282▼ $54,574
Total Net Assets Fund Balance$1,246,856$1,192,282▼ $54,574
Total Liabilities and Net Assets / Fund Balance$1,267,372$1,216,695▼ $50,677

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,011,793$534,242$1,546,035
Land$185,327-$185,327
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Jeffrey SolomonPresident
Charles Wern IiiTrustee
Dennis RossiTrustee
Patricia AugustineTrustee
Charles NaderAssistant Se
James GlennAssistant Tr
Warren Harrell JrSecretary
David FrenchTreasurer
Daine SauerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,925
Investment Income
$2
Other Revenue
$2,252
Change in Net Assets
$-54,574

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,179
Total Revenue per Audited Statements
$9,179
Total Revenue per Form 990
$9,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,753
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$51,534--$51,534
Fees for Services Accounting$2,395--$2,395
Occupancy$411--$411
Other Expenses$236$9,177-$236
Total Functional Expenses$54,576$9,177$0$63,753

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$63,753
Total Expenses per Audited Statements$63,753
Total Expenses per Form 990$63,753
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
Due to Related Party$20,298
Maintenance Reserve$4,115
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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 of trustees and filed after approval by the board.”

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

“Officers, directors and key employees are evaluated by the executive committee on an annual basis to ensure there are no conflicts of interest.”

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

“The compensation of the executive director is evaluated on an annual basis by the executive committee. The compensation is then approved by the executive committee and the full board of trustees.”

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

“The compensation of the loan officers are evaluated on an annual basis by the loan committee. The compensation is then approved by the loan committee and the full board of trustees.”

Form 990, Page 6, Part VI, Line 19

“All of the documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Economic Development Rail Ii
EIN
34-1773503
Phone
3307593668
Address
4319 BELMONT AVENUE, YOUNGSTOWN, OH 44505

Signing Officer

Name
James Glenn
Title
Assistant Treasurer
Phone
3307593668
Signed
2015-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Glenn
Formed
1994
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Reali Giampetro & Scott
Address
PO BOX 200, CANFIELD, OH 44406-0200
Preparer
Peter M Stanovich CPA
Phone
3307023100
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

“No change from prior year.”

Financial Statement Notes

Schedule D, Page 3, Part X

“In previous years, the corporation adopted topic 740 (fin 48). The corporation filed informational tax returns in the u.s. Federal jurisdiction and one local jurisdiction. Generally, these jurisdictions have statues of limitations that run three years, which means tax years that remain subject to examination would be tax years ended december 31, 2011 and beyond. Presently, the corporation is under no examination from any jurisdiction. The corporation evaluated tax positions, statutes of limitations, tax law and changes and new authoritative rulings and concludes a low possibility of material unrecognized tax benefits that would need to be recorded and disclosed.”

Raw XML AppendixShowing 400 of 421 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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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt063753
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES AND FILED AFTER APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE EVALUATED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS TO ENSURE THERE ARE NO CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS EVALUATED ON AN ANNUAL BASIS BY THE EXECUTIVE COMMITTEE. THE COMPENSATION IS THEN APPROVED BY THE EXECUTIVE COMMITTEE AND THE FULL BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE LOAN OFFICERS ARE EVALUATED ON AN ANNUAL BASIS BY THE LOAN COMMITTEE. THE COMPENSATION IS THEN APPROVED BY THE LOAN COMMITTEE AND THE FULL BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OF THE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ECONOMIC DEVELOPMENT RAIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WARREN COMMERCE PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2YOUNGSTOWN COMMERCE PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3MAHONING VALLEY ECONOMIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt1CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt2CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt3DEVELOPMENT CORPORATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt23
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt33
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3DEVELOPMEN
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt37
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04319 BELMONT AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt14319 BELMONT AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt24319 BELMONT AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt34319 BELMONT AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0YOUNGSTOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1YOUNGSTOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2YOUNGSTOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3YOUNGSTOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044505
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd144505
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd244505
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd344505
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01267372
IRS990/TotalAssetsEOYAmt01216695
IRS990/TotalAssetsGrp/BOYAmt01267372
IRS990/TotalAssetsGrp/EOYAmt01216695
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09177
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt054576
IRS990/TotalFunctionalExpensesGrp/TotalAmt063753
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020516
IRS990/TotalLiabilitiesEOYAmt024413
IRS990/TotalLiabilitiesGrp/BOYAmt020516
IRS990/TotalLiabilitiesGrp/EOYAmt024413
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01246856
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01192282
IRS990/TotalProgramServiceExpensesAmt054576
IRS990/TotalProgramServiceRevenueAmt06925
IRS990/TotalRevenueGrp/ExclusionAmt02
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09177
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09179
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01267372
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01216695
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01246856
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01192282
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04319 BELMONT AVENUE
IRS990/USAddress/CityNm0YOUNGSTOWN
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044505
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MVEDC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES GLENN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ASSISTANT TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03307593668
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ECONOMIC DEVELOPMENT RAIL II
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION

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