Civic Intelligence

Lorain Growth Corporation

EIN 34-1836556 • 501(c)3 • Lorain, OH

Profile

Work with organizations to revitalize

301 Broadway AvenueLorain, OH 44052
Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

75th percentile

21%

Higher net margin than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

87th percentile

48%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2022

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$56,457

Down $10,734 (-16%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$56,457

Down $10,734 (-16%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin75th percentile

Revenue

Down

$58,631

Down $81,130 (-58%) from 2023

Expenses

Down

$69,365

Down $90,385 (-57%) from 2023

Net Income

Up

-$10,734

Up $9,255 (+46%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

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

$100K$50K$0Assets 2010: $41,524Net Assets 2010: $41,5242010Assets 2011: $35,550Net Assets 2011: $35,5502011Assets 2013: $22,021Net Assets 2013: $22,0212013Assets 2014: $20,037Liabilities 2014: $0Net Assets 2014: $20,0372014Assets 2015: $16,157Liabilities 2015: $0Net Assets 2015: $16,1572015Assets 2016: $38,534Liabilities 2016: $0Net Assets 2016: $38,5342016Assets 2017: $43,910Liabilities 2017: $0Net Assets 2017: $43,9102017Assets 2018: $36,284Liabilities 2018: $0Net Assets 2018: $36,2842018Assets 2019: $26,678Liabilities 2019: $0Net Assets 2019: $26,6782019Assets 2020: $56,727Liabilities 2020: $0Net Assets 2020: $56,7272020Assets 2021: $55,386Liabilities 2021: $0Net Assets 2021: $55,3862021Assets 2022: $87,180Liabilities 2022: $0Net Assets 2022: $87,1802022Assets 2023: $67,191Liabilities 2023: $0Net Assets 2023: $67,1912023Assets 2024: $56,457Liabilities 2024: $0Net Assets 2024: $56,4572024

Highlighted filing

2024

Assets$56,457
Liabilities$0
Net Assets$56,457
Open 2024 Filing

Operations Trend

Revenue Growth70th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2010: $107,299Expenses 2010: $96,974Net Income 2010: $10,3252010Revenue 2011: $66,800Expenses 2011: $72,774Net Income 2011: -$5,9742011Revenue 2013: $32,839Expenses 2013: $34,257Net Income 2013: -$1,4182013Revenue 2014: $57,454Expenses 2014: $55,455Net Income 2014: $1,9992014Revenue 2015: $64,533Expenses 2015: $68,413Net Income 2015: -$3,8802015Revenue 2016: $69,764Expenses 2016: $47,387Net Income 2016: $22,3772016Revenue 2017: $66,792Expenses 2017: $61,416Net Income 2017: $5,3762017Revenue 2018: $70,876Expenses 2018: $78,502Net Income 2018: -$7,6262018Revenue 2019: $97,186Expenses 2019: $106,792Net Income 2019: -$9,6062019Revenue 2020: $71,342Expenses 2020: $50,474Net Income 2020: $20,8682020Revenue 2021: $100,770Expenses 2021: $106,472Net Income 2021: -$5,7022021Revenue 2022: $154,872Expenses 2022: $123,078Net Income 2022: $31,7942022Revenue 2023: $139,761Expenses 2023: $159,750Net Income 2023: -$19,9892023Revenue 2024: $58,631Expenses 2024: $69,365Net Income 2024: -$10,7342024

Highlighted filing

2024

Revenue$58,631
Expenses$69,365
Net Income-$10,734
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$56,457
Liabilities
$0
Net assets
$56,457
Revenue
$58,631
Expenses
$69,365
Net income
-$10,734
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.00$0.56$0.59$0.69$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.00$0.67$1.40$1.60$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.00$0.87$1.55$1.23$0.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.00$0.55$1.01$1.06$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.00$0.57$0.71$0.50$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.97$1.07$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.00$0.36$0.71$0.79$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.67$0.61$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.00$0.39$0.70$0.47$0.22
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.00$0.16$0.65$0.68$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.57$0.55$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.22$0.22$0.33$0.34$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.36$0.67$0.73$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.42$1.07$0.97$0.10
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 28, 2020
Return Version
2019v5.1
Gross Receipts
$97,186
Mission and Program Overview

Mission

Work with organizations to revitalize

Program Services

DescriptionGrantsExpenses
Work with organizations throughout the city of Lorain to revitalize the Downtown District.--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES LONGPresident-$0--
LEE RIVERATreasurer-$0--
TONY GALLOBoard Member-$0--
STEPHANIE WIERSMABoard Member-$0--
LAUREL BANSEKBoardmember-$0--
REBECCA WISNIEWSKIBoardmember-$0--
Filing and Contact Details

Filer

Filer Name
Main Street Lorain Development Corp
EIN
34-1836556
Address
301 BROADWAY AVENUE, Lorain, OH 44052

Signing Officer

Name
Lee Rivera
Title
Treasurer
Phone
4402829196
Signed
2020-05-28
Discuss with paid preparer
No

Preparer

Firm
Navy Financial
Address
6155 Park Square Dr Suite 2, Lorain, OH 44053
Preparer
Eli S De Los Santos
Phone
4409874000
Supplemental Narrative

Additional Explanations

Amended return information

“Accountant totaled all expenses from line 13, 14, and 15 and listed them on line 16. Amendment has broken down the expenses.”

Description of other expenses Part I line 16

“Description AmountBREWFEST 63,601BREWFEST PAYPAL 35,422”

Raw XML Appendix155 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/AddressChangeInd0X
IRS990EZ/AmendedReturnInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0JIM LONG
IRS990EZ/BooksInCareOfDetail/PhoneNum04402446503
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0615 BROADWAY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Lorain
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd044052
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt036284
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt026678
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt097186
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-9606
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01961
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt036284
IRS990EZ/Form990TotalAssetsGrp/EOYAmt026678
IRS990EZ/GrossReceiptsAmt097186
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt036284
IRS990EZ/NetAssetsOrFundBalancesEOYAmt026678
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt036284
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt026678
IRS990EZ/OccupancyRentUtltsAndMaintAmt05613
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JAMES LONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LEE RIVERA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TONY GALLO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3STEPHANIE WIERSMA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LAUREL BANSEK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5REBECCA WISNIEWSKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARDMEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARDMEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt099023
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Work with organizations to revitalize
IRS990EZ/PrintingPublicationsPostageAmt0195
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Work with organizations throughout the city of Lorain to revitalize the Downtown District.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0106792
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt097186
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt097186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt070876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt066792
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt068864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt017315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0321033
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0321033
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt097186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt070876
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt066792
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt068864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt017315
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0321033
IRS990ScheduleA/TotalSupportAmt0321033
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accountant totaled all expenses from line 13, 14, and 15 and listed them on line 16. Amendment has broken down the expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountBREWFEST 63,601BREWFEST PAYPAL 35,422
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0LEE RIVERA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04402829196
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAIN STREET LORAIN DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0MAIN
ReturnHeader/Filer/EIN0341836556
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 BROADWAY AVENUE
ReturnHeader/Filer/USAddress/CityNm0Lorain
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044052
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId045F0F3DD0BF93531C37D4462243E813F09AB1D43
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D62A158C8A60FA7CBD516D84C1925ECAA9092697
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId03443952020135yngiggd
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-05-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.98.22.9
ReturnHeader/FilingSecurityInformation/IPDt02020-05-29
ReturnHeader/FilingSecurityInformation/IPTm019:26:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471268718
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Navy Financial
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06155 Park Square Dr Suite 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lorain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044053
ReturnHeader/PreparerPersonGrp/PhoneNum04409874000
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Eli S De Los Santos
ReturnHeader/ReturnTs02020-05-29T19:25:23-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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