Civic Intelligence

Future Heights

990 • Fiscal year 2020 • EIN 34-1948426

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 12, 2021

2843 Washington BlvdCleveland Heights, OH 44118

(216) 320-1423

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.07x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.02x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

52nd percentile

6.3%

Higher net margin than 52% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

95th percentile

$69,085

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

69th percentile

24%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

-15%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$110,452

Up $21,079 (+24%) from 2019

Net Assets

Up

$102,281

Up $24,495 (+31%) from 2019

Liabilities

Down

$8,171

Down $3,416 (-29%) from 2019

Revenue

Down

$389,637

Down $69,538 (-15%) from 2019

Expenses

Down

$365,142

Down $102,226 (-22%) from 2019

Net Income

Up

$24,495

Up $32,688 (+399%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2018: $98,472Liabilities 2018: $12,493Net Assets 2018: $85,9792018Assets 2019: $89,373Liabilities 2019: $11,587Net Assets 2019: $77,7862019Assets 2020: $110,452Liabilities 2020: $8,171Net Assets 2020: $102,2812020Assets 2021: $244,293Liabilities 2021: $17,421Net Assets 2021: $226,8722021Assets 2022: $269,663Liabilities 2022: $10,853Net Assets 2022: $258,8102022Assets 2023: $112,350Liabilities 2023: $48,006Net Assets 2023: $64,3442023Assets 2024: $121,650Liabilities 2024: $34,017Net Assets 2024: $87,6332024

Highlighted filing

2020

Assets$110,452
Liabilities$8,171
Net Assets$102,281

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $339,527Expenses 2018: $330,164Net Income 2018: $9,3632018Revenue 2019: $459,175Expenses 2019: $467,368Net Income 2019: -$8,1932019Revenue 2020: $389,637Expenses 2020: $365,142Net Income 2020: $24,4952020Revenue 2021: $586,898Expenses 2021: $462,307Net Income 2021: $124,5912021Revenue 2022: $535,640Expenses 2022: $503,702Net Income 2022: $31,9382022Revenue 2023: $378,629Expenses 2023: $573,095Net Income 2023: -$194,4662023Revenue 2024: $401,408Expenses 2024: $375,071Net Income 2024: $26,3372024

Highlighted filing

2020

Revenue$389,637
Expenses$365,142
Net Income$24,495
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 12, 2021
Return Version
2020v4.0
Gross Receipts
$389,637
Mission and Program Overview

Mission

Futureheights seeks to inspire and facilitate collaboration and empowerment across our communities to ensure a vibrant and sustainable future for cleveland heights and university heights.

Futureheights serves to ensure a vibrant and sustainable future for cleveland heights and university heights. We work as change agents by inspiring and facilitating communication, collaboration, engagement and empowerment among our residents, businesses, other community-based organizations and local government. Public forums, voter education, the heights observer community newspaper, historic neighborhood tours, volunteer opportunities, preservation and community planning education, shop local advocacy, community partnerships, and more.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$62,974$94,707▲ $31,733
Pledges and Grants Receivable$17,697$8,946▼ $8,751
Savings and Temporary Cash Investments$3,794$3,811▲ $17
Accounts Receivable$3,808$1,888▼ $1,920
Prepaid Expenses and Deferred Charges$1,100$1,100→ $0
Total Assets$89,373$110,452▲ $21,079
Liabilities
Other Liabilities$7,309$8,171▲ $862
Accounts Payable and Accrued Expenses$4,278--
Total Liabilities$11,587$8,171▼ $3,416
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,061$101,721▲ $48,660
Net Assets With Donor Restrictions$24,725$560▼ $24,165
Total Net Assets Fund Balance$77,786$102,281▲ $24,495
Total Liabilities and Net Assets / Fund Balance$89,373$110,452▲ $21,079
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deanna Bremer FisherExecutive DiFT$66,378$2,707$69,085

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$239,181
Program Service Revenue
$147,436
Investment Income
$18
Other Revenue
$3,002
All Other Contributions
$35,873
Change in Net Assets
$24,495

Audited Revenue Reconciliation

Revenue per Audited Statements
$389,637
Total Revenue per Audited Statements
$389,637
Total Revenue per Form 990
$389,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$214,809
Other Expenses$150,333
Total Fundraising Expense$20,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,834$9,204-$127,038
Current Officers, Directors, Trustees, and Key Employees$33,189$16,595$16,594$66,378
All Other Expenses$19,696-$1,325$21,021
Payroll Taxes$12,491$2,134$1,372$15,997
Office Expenses$11,859$1,981$215$14,055
Other Expenses$8,171--$8,171
Fees for Services Accounting-$7,382-$7,382
Insurance$6,298$1,064-$7,362
Occupancy$6,420$346$137$6,903
Other Employee Benefits$4,213$720$463$5,396
Travel$3,392--$3,392
Advertising$1,943-$647$2,590
Fees for Services Other$1,440$180$180$1,800
Information Technology$1,474$79$32$1,585
Total Functional Expenses$304,492$39,685$20,965$365,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$365,142
Total Expenses per Audited Statements$365,142
Total Expenses per Form 990$365,142
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
Cash Held for Others$8,171
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

Prior to filing, the form 990 is presented to the executive director, board treasurer and finance staff for review and approval. The form 990 is then electronically distributed to the board of directors in advance of filing. The board president signs the 990 (or 8879-eo) and the 990 is electronically filed.

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

Each year, the board members are asked to review the organization's conflict of interest policy. Among other things, the policy makes clear that all decisions of the board, officers, and employees of the organization are made solely on the basis of a desire to promote the best interest of the organization and the public good. The conflict of interest statement requests board members to identify to the best of their knowledge affiliations with organizations that may be potentially related to the financials or other substantive operations of the organization. They are also asked to identify circumstances involving either themselves, or a member of their extended family, that may be construed as a conflict of interest. At the staff level, the organization's personnel also ensure that there are no conflicts of interest when considering the engagement of a new vendor. If a potential conflict is identified, appropriate steps are taken to both assess the nature of the potential conflict and, subsequently, to ensure that the possibility of an actual conflict is mitigated. Such mitigation is managed and the letter and spirit of the conflicts policy are upheld.

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

The executive committee annually evaluates the performance of the executive director. Compensation is based on performance and compared to other area mission-comparable organizations of similar size. The board has adopted the irs-written "rebuttable presumption" checklist which is completed contemporaneous with the performance review. Compensation for staff within the organization is determined by the executive director. The level of compensation is set based on performance and in relation to other area mission-comparable organizations of similar size. This compensation is a component of the budget, which is reviewed and approved by the finance committee and also by the board as a whole.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, form 1023, form 990 conflict of interest policy and financial statements are made available to the public upon request. The form 990, without schedule b) can also be found on several publicly-accessible websites.

Filing and Contact Details

Filer

Filer Name
Future Heights
EIN
34-1948426
Phone
2163201423
Address
2843 WASHINGTON BLVD, CLEVELAND HEIGHTS, OH 44118

Signing Officer

Name
Robert Brown
Title
President
Phone
2163201423
Signed
2021-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deanna Bremer Fisher
Formed
2002
Legal Domicile
Oh
Voting Board Members
24
Independent Board Members
24
Employees
6
Volunteers
70

Preparer

Firm
H & J Certified Public Accountants Inc
Address
7555 FREDLE DR STE 110, CONCORD, OH 44077
Preparer
Rolland B Standish
Phone
4409512997
Supplemental Narrative

Additional Explanations

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

Completed 3 homes through the futurehomes rehab program, with 3 more in- process and 7 additional properties that will begin construction soon. While our initial efforts were focused in the area round the high school, futureheights is now working in many neighborhoods in the central city and noble target areas. Began discussions with a potential developer of infill housing on vacant lots in the central city target area. Awarded 11 neighborhood mini-grants to community-building projects in neighborhoods throughout cleveland heights. "trained 17 community leaders through our neighborhood leadership workshop series. Continued to move plans for the noble road corridor forward by working with residents on an early action project, and continuing conversations with the cities of cleveland heights and east cleveland, as well as potential developers. Worked with landscape design firm mksk to create a plan to remake cedar lee mini-park into an enhanced park and community gathering space. Continued to work with cedarbrook society and artist tom masaveg on incremental improvements to the cedar lee mini-park, including additions to the interactive augmented reality mural, and additional plantings and signage. Published monthly issues of the heights observer, which was named the best non-daily newspaper in ohio by the press club of cleveland's 2020 excellence in journalism awards, and published weekly issues of the e-news, providing much-needed community news during the pandemic. Supported locally owned, independent businesses by reaching out to them during the shutdown in march to help them access resources, recognizing them via the annual best of the heights awards, and publicizing their goods and services through the annual heights observer holiday shopping guide. "held several workshops for local businesses on topics such as responsibly reopening and minority business enterprise certification. Held several workshops for local businesses on topics such as responsibly reopening and minority business enterprise certification. Checked-in with senior citizens and other heights residents during the pandemic to let them know that their community his here for them and connect them to resources. Hosted several online community forums and workshops on topics such as, advocating for neighborhood interests during an economic development project and building a just and safe community for all. Posted them on our new youtube channel.

Form 990, Part XI, Line 9

Prior period adjustment 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is incorporated as a not-for-profit that is exempt from federal income taxes under internal revenue code section 501(c)(3) and is not considered a private foundation under section 509(a)(1). Accordingly, no provision for income taxes has been recorded. The organization's policy is to record a liability for any tax position taken that is beneficial to the organization, including penalties and interest, when it is more likely than not the position taken will be overturned by a taxing authority upon examination. Management believes there are no such positions as of december 31, 2020 and, accordingly, no liability has been accrued. Income taxes are provided for the tax effects of unrelated business transactions for the organization reported in the financial statements and consist of taxes due plus deferred taxes, if any. Unrelated business income is primarily derived from advertising sales generated from the publishing of the heights observer, net of any related expenses. In 2020, the unrelated business generated a loss, resulting in no provision for income taxes.

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IRS990/ActivityOrMissionDesc0FUTUREHEIGHTS SERVES TO ENSURE A VIBRANT AND SUSTAINABLE FUTURE FOR CLEVELAND HEIGHTS AND UNIVERSITY HEIGHTS. WE WORK AS CHANGE AGENTS BY INSPIRING AND FACILITATING COMMUNICATION, COLLABORATION, ENGAGEMENT AND EMPOWERMENT AMONG OUR RESIDENTS, BUSINESSES, OTHER COMMUNITY-BASED ORGANIZATIONS AND LOCAL GOVERNMENT. PUBLIC FORUMS, VOTER EDUCATION, THE HEIGHTS OBSERVER COMMUNITY NEWSPAPER, HISTORIC NEIGHBORHOOD TOURS, VOLUNTEER OPPORTUNITIES, PRESERVATION AND COMMUNITY PLANNING EDUCATION, SHOP LOCAL ADVOCACY, COMMUNITY PARTNERSHIPS, AND MORE.
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IRS990/Desc0COMPLETED 3 HOMES THROUGH THE FUTUREHOMES REHAB PROGRAM, WITH 3 MORE IN- PROCESS AND 7 ADDITIONAL PROPERTIES THAT WILL BEGIN CONSTRUCTION SOON. WHILE OUR INITIAL EFFORTS WERE FOCUSED IN THE AREA ROUND THE HIGH SCHOOL, FUTUREHEIGHTS IS NOW WORKING IN MANY NEIGHBORHOODS IN THE CENTRAL CITY AND NOBLE TARGET AREAS. BEGAN DISCUSSIONS WITH A POTENTIAL DEVELOPER OF INFILL HOUSING ON VACANT LOTS IN THE CENTRAL CITY TARGET AREA. AWARDED 11 NEIGHBORHOOD MINI-GRANTS TO COMMUNITY-BUILDING PROJECTS IN NEIGHBORHOODS THROUGHOUT CLEVELAND HEIGHTS. "TRAINED 17 COMMUNITY LEADERS THROUGH OUR NEIGHBORHOOD LEADERSHIP WORKSHOP SERIES. CONTINUED TO MOVE PLANS FOR THE NOBLE ROAD CORRIDOR FORWARD BY WORKING WITH RESIDENTS ON AN EARLY ACTION PROJECT, AND CONTINUING CONVERSATIONS WITH THE CITIES OF CLEVELAND HEIGHTS AND EAST CLEVELAND, AS WELL AS POTENTIAL DEVELOPERS. WORKED WITH LANDSCAPE DESIGN FIRM MKSK TO CREATE A PLAN TO REMAKE CEDAR LEE MINI-PARK INTO AN ENHANCED PARK AND COMMUNITY GATHERING SPACE. CONTINUED TO WORK WITH CEDARBROOK SOCIETY AND ARTIST TOM MASAVEG ON INCREMENTAL IMPROVEMENTS TO THE CEDAR LEE MINI-PARK, INCLUDING ADDITIONS TO THE INTERACTIVE AUGMENTED REALITY MURAL, AND ADDITIONAL PLANTINGS AND SIGNAGE. PUBLISHED MONTHLY ISSUES OF THE HEIGHTS OBSERVER, WHICH WAS NAMED THE BEST NON-DAILY NEWSPAPER IN OHIO BY THE PRESS CLUB OF CLEVELAND'S 2020 EXCELLENCE IN JOURNALISM AWARDS, AND PUBLISHED WEEKLY ISSUES OF THE E-NEWS, PROVIDING MUCH-NEEDED COMMUNITY NEWS DURING THE PANDEMIC. SUPPORTED LOCALLY OWNED, INDEPENDENT BUSINESSES BY REACHING OUT TO THEM DURING THE SHUTDOWN IN MARCH TO HELP THEM ACCESS RESOURCES, RECOGNIZING THEM VIA THE ANNUAL BEST OF THE HEIGHTS AWARDS, AND PUBLICIZING THEIR GOODS AND SERVICES THROUGH THE ANNUAL HEIGHTS OBSERVER HOLIDAY SHOPPING GUIDE. "HELD SEVERAL WORKSHOPS FOR LOCAL BUSINESSES ON TOPICS SUCH AS RESPONSIBLY REOPENING AND MINORITY BUSINESS ENTERPRISE CERTIFICATION. HELD SEVERAL WORKSHOPS FOR LOCAL BUSINESSES ON TOPICS SUCH AS RESPONSIBLY REOPENING AND MINORITY BUSINESS ENTERPRISE CERTIFICATION. CHECKED-IN WITH SENIOR CITIZENS AND OTHER HEIGHTS RESIDENTS DURING THE PANDEMIC TO LET THEM KNOW THAT THEIR COMMUNITY HIS HERE FOR THEM AND CONNECT THEM TO RESOURCES. HOSTED SEVERAL ONLINE COMMUNITY FORUMS AND WORKSHOPS ON TOPICS SUCH AS, ADVOCATING FOR NEIGHBORHOOD INTERESTS DURING AN ECONOMIC DEVELOPMENT PROJECT AND BUILDING A JUST AND SAFE COMMUNITY FOR ALL. POSTED THEM ON OUR NEW YOUTUBE CHANNEL.
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IRS990/ProgSrvcAccomActy2Grp/Desc02)THE HEIGHTS OBSERVER: PUBLISHED 12 ISSUES OF THE PRINT EDITION AND 50 ISSUES OF THE WEEKLY E-NEWS. THE PRINT EDITION AVERAGED 21 PAGES AND 67 ADVERTISERS EACH MONTH. THE E-NEWS REACHES MORE THAN 5,304 PEOPLE.
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