Civic Intelligence

5805 Euclid Inc.

990 • Fiscal year 2020 • EIN 81-4962989

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

3605 Warrensville Center RoadShaker Heights, OH 44122

(216) 844-1000

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.02x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

32.13x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

2nd percentile

-25%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-71%

Faster revenue growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$22,030,491

Down $7,228,998 (-25%) from 2019

Net Assets

Up

-$346,206

Up $696,512 (+67%) from 2019

Liabilities

Down

$22,376,697

Down $7,925,510 (-26%) from 2019

Revenue

Down

$696,512

Down $1,679,334 (-71%) from 2019

Expenses

Down

$0

Down $1,021,445 (-100%) from 2019

Net Income

Down

$696,512

Down $657,889 (-49%) from 2019

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0-$10MAssets 2016: $1Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $19,993,253Liabilities 2017: $20,820,546Net Assets 2017: -$827,2932017Assets 2018: $18,285,754Liabilities 2018: $20,682,873Net Assets 2018: -$2,397,1192018Assets 2019: $29,259,489Liabilities 2019: $30,302,207Net Assets 2019: -$1,042,7182019Assets 2020: $22,030,491Liabilities 2020: $22,376,697Net Assets 2020: -$346,2062020Assets 2021: $21,162,773Liabilities 2021: $20,876,367Net Assets 2021: $286,4062021Assets 2022: $19,944,981Liabilities 2022: $19,073,529Net Assets 2022: $871,4522022Assets 2023: $18,843,106Liabilities 2023: $17,373,234Net Assets 2023: $1,469,8722023Assets 2024: $63,584Liabilities 2024: $509,371Net Assets 2024: -$445,7872024

Highlighted filing

2020

Assets$22,030,491
Liabilities$22,376,697
Net Assets-$346,206

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $6,716Expenses 2017: $148,226Net Income 2017: -$141,5102017Revenue 2018: $252,808Expenses 2018: $516,822Net Income 2018: -$264,0142018Revenue 2019: $2,375,846Expenses 2019: $1,021,445Net Income 2019: $1,354,4012019Revenue 2020: $696,512Expenses 2020: $0Net Income 2020: $696,5122020Revenue 2021: $632,612Expenses 2021: $0Net Income 2021: $632,6122021Revenue 2022: $585,046Expenses 2022: $0Net Income 2022: $585,0462022Revenue 2023: $1,802,625Expenses 2023: $1,204,205Net Income 2023: $598,4202023Revenue 2024: $1,820,670Expenses 2024: $1,127,147Net Income 2024: $693,5232024

Highlighted filing

2020

Revenue$696,512
Expenses$0
Net Income$696,512
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$1,879,800
Mission and Program Overview

Mission

Operated exclusively for the benefit of, to perform the functions of, or to carry out the educational purposes of university hospitals cleveland medical center.

5805 euclid, inc. Is organized exclusively to carry out the tripartite mission of university hospitals cleveland medical center (healing-teaching-discovery).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,169,154$21,134,164▼ $3,034,990
Savings and Temporary Cash Investments$4,602,860$375,091▼ $4,227,769
Prepaid Expenses and Deferred Charges$0$33,761▲ $33,761
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,042,718$-346,206▲ $696,512
Total Assets$29,259,489$22,030,491▼ $7,228,998
Other Assets Total$487,475$487,475→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,155,567$18,139,278▼ $1,016,289
Accounts Payable and Accrued Expenses$11,146,640$4,237,419▼ $6,909,221
Total Liabilities$30,302,207$22,376,697▼ $7,925,510
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,042,718$-346,206▲ $696,512
Total Liabilities and Net Assets / Fund Balance$29,259,489$22,030,491▼ $7,228,998

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,435,532$1,385,818$19,821,350
Leasehold Improvements$903,728$248,784$1,152,512
Equipment$885,636$263,916$1,149,552
Land$768,332-$768,332
Other Land Buildings$140,936$42,065$183,001
Compensation and Service Providers

Board Members and Trustees

NameTitle
Taylor Eddie JrDirector/chairperson
Depompei Patricia MPresident
Beasley Teresa MDirector
Harris Timothy SDirector
Hill-johnson ConnieDirector
Terrell KathleenDirector
Laisure ColletteDirector (begin 12/20)
Kennedy TerriDirector (end 05/20)
Kline Stuart FDirector (end 05/20)
Esposito Salvatore EsqSecretary
Bond Bradley CTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,066
Other Revenue
$693,446
Change in Net Assets
$696,512
Expenses and Functional Allocation

Major Expense Lines

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

5805 euclid, inc. Is organized such that the current directors are the members.

Form 990, Part VI, Section A, Line 7A

The members elect the board of directors.

Form 990, Part VI, Section A, Line 7B

The members may designate those that serve as chairperson and vice chairperson of the board.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent third-party public accounting firm. Management reviews the 990 before the complete copy is made available to the foundation board before filing.

Form 990, Part VI, Section B, Line 12C

The system has adopted six conflict of interest policies that set forth guidelines related to transactions with disqualified persons (as defined in applicable federal regulation). These policies apply to all employees, employed physicians and other licensed practitioners (excluding physician trainees), directors, officers, and related parties to uh and its wholly-owned subsidiaries. Uh regularly and consistently monitors and enforces compliance with the conflict of interest policies. Designated individuals, (e.g., uh management, directors, employed physicians, and advanced practice professionals), are required to complete an annual disclosure and provide information regarding any interests that may be potential conflicts pursuant to the conflict of interest policies. They are required to provide any changes or new disclosures should they occur. All disclosures and subsequent updates to disclosures are reviewed by the uh compliance and ethics department. Board-level and key personnel conflicts are reviewed and approved, if appropriate, by the audit and compliance committee of the uh board and/or the uh board. If a conflict exists with a director, certain restrictions may be imposed, such as excusing the director from the room during discussion and/or voting with regard to a proposed transaction. Education regarding conflicts of interest is included in the annual compliance training that includes all directors, employees, physicians and licensed practitioners.

Form 990, Part VI, Section C, Line 19

The governing documents, financial statements and conflict of interest policy for 5805 euclid, inc. Are provided upon request.

Filing and Contact Details

Filer

Filer Name
5805 Euclid Inc
EIN
81-4962989
Phone
2168441000
Address
3605 WARRENSVILLE CENTER ROAD, SHAKER HEIGHTS, OH 44122

Signing Officer

Name
Michael a Szubski
Title
CFO, Uhhs
Phone
2168441000
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bradley Bond
Formed
2016
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Deloitte Tax Llp
Address
111 MONUMENT CIRCLE SUITE 4200, INDIANAPOLIS, IN 46204-5108
Preparer
Shawna M Jansons
Phone
3174648600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

5805 euclid, inc. Must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statementes from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. As of december 31, 2020 and 2019, 5805 euclid, inc. Does not have any uncertain tax positions.

Raw XML AppendixShowing 400 of 430 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/RevenueAmt0693446
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt04602860
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0375091
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt05805 EUCLID, INC. IS BOUND THROUGH ITS ARTICLES OF INCORPORATION AND CODE OF REGULATIONS TO CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF ITS SUPPORTED ORGANIZATION, UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER. A MAJORITY OF THE 5805 EUCLID, INC. DIRECTORS, CURRENTLY FOUR OF SEVEN, ARE REQUIRED UNDER THE CODE OF REGULATIONS TO ALSO BE DIRECTORS OF THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0FORM 990, SCHEDULE A, PART IV, SECTION C, LINE 1
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt018435532
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01385818
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019821350
IRS990ScheduleD/EquipmentGrp/BookValueAmt0885636
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0263916
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01149552
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0768332
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0768332
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0903728
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0248784
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01152512
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0140936
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt042065
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0183001
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt05805 EUCLID, INC. MUST RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTES FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AS OF DECEMBER 31, 2020 AND 2019, 5805 EUCLID, INC. DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021134164
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt05805 EUCLID, INC. IS ORGANIZED SUCH THAT THE CURRENT DIRECTORS ARE THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS MAY DESIGNATE THOSE THAT SERVE AS CHAIRPERSON AND VICE CHAIRPERSON OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARED BY AN INDEPENDENT THIRD-PARTY PUBLIC ACCOUNTING FIRM. MANAGEMENT REVIEWS THE 990 BEFORE THE COMPLETE COPY IS MADE AVAILABLE TO THE FOUNDATION BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SYSTEM HAS ADOPTED SIX CONFLICT OF INTEREST POLICIES THAT SET FORTH GUIDELINES RELATED TO TRANSACTIONS WITH DISQUALIFIED PERSONS (AS DEFINED IN APPLICABLE FEDERAL REGULATION). THESE POLICIES APPLY TO ALL EMPLOYEES, EMPLOYED PHYSICIANS AND OTHER LICENSED PRACTITIONERS (EXCLUDING PHYSICIAN TRAINEES), DIRECTORS, OFFICERS, AND RELATED PARTIES TO UH AND ITS WHOLLY-OWNED SUBSIDIARIES. UH REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICIES. DESIGNATED INDIVIDUALS, (E.G., UH MANAGEMENT, DIRECTORS, EMPLOYED PHYSICIANS, AND ADVANCED PRACTICE PROFESSIONALS), ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE AND PROVIDE INFORMATION REGARDING ANY INTERESTS THAT MAY BE POTENTIAL CONFLICTS PURSUANT TO THE CONFLICT OF INTEREST POLICIES. THEY ARE REQUIRED TO PROVIDE ANY CHANGES OR NEW DISCLOSURES SHOULD THEY OCCUR. ALL DISCLOSURES AND SUBSEQUENT UPDATES TO DISCLOSURES ARE REVIEWED BY THE UH COMPLIANCE AND ETHICS DEPARTMENT. BOARD-LEVEL AND KEY PERSONNEL CONFLICTS ARE REVIEWED AND APPROVED, IF APPROPRIATE, BY THE AUDIT AND COMPLIANCE COMMITTEE OF THE UH BOARD AND/OR THE UH BOARD. IF A CONFLICT EXISTS WITH A DIRECTOR, CERTAIN RESTRICTIONS MAY BE IMPOSED, SUCH AS EXCUSING THE DIRECTOR FROM THE ROOM DURING DISCUSSION AND/OR VOTING WITH REGARD TO A PROPOSED TRANSACTION. EDUCATION REGARDING CONFLICTS OF INTEREST IS INCLUDED IN THE ANNUAL COMPLIANCE TRAINING THAT INCLUDES ALL DIRECTORS, EMPLOYEES, PHYSICIANS AND LICENSED PRACTITIONERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY FOR 5805 EUCLID, INC. ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0UNIVERSITY HOSPITALS HEALTH SYSTEM INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341567805
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HEALTHCARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03605 WARRENSVILLE CENTER ROAD-MSC 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SHAKER HEIGHTS
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
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IRS990/SignificantChangeInd00
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030302207
IRS990/TotalLiabilitiesEOYAmt022376697
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1042718
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IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
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