Euclid Avenue Development Corporation (EIN 201286318) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Phone

2166356117

Tax Period

2024-07-01 to 2025-06-30

Euclid Avenue Development Corporation, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $26.0M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

OPERATION OF STUDENT HOUSING AND PARKING FACILITIES IN SUPPORT OF CLEVELAND STATE UNIVERSITY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,187,969

Investment Income $773,443

Other Revenue $0

TOTAL REVENUE $25,961,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,945,056

Other Expenses $26,446,858

TOTAL EXPENSES $26,446,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,961,412	$22,578,456	+0.1%
Expenses	$26,446,858	$48,630,497	-0.5%
Net Income	$-485,446	$-26,052,041	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$541,314

Total Directors

$541,314

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA WENDT	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
NICOLE ADDINGTON	PRESIDENT	2.0	Officer Director	$0	$16,447	$214,726
SONALI WILSON	SECRETARY & TREASURER	1.0	Officer Director	$0	$69,390	$326,588
JOAN CHASE	COMMUNITY BOARD MEMBER	1.0	Director	$0	$0	$0
TOM ADLER	COMMUNITY BOARD MEMBER	1.0	Director	$0	$0	$0
David JEWELL	Former President	3.0		$0	$21,537	$281,823

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$25,961,412	$26,446,858	$225,591,957	$-485,446
2024	No data	No data	No data	No data
2023	$24,003,702	$24,684,931	$242,061,337	$-681,229
2022	$8,360,869	$9,897,821	$87,945,657	$-1,536,952
2021	$9,458,468	$8,979,782	$92,407,891	$478,686
2020	$10,013,170	$9,532,156	$95,185,884	$481,014
2019	$11,392,695	$10,318,051	$98,063,749	$1,074,644
2018	$10,894,731	$9,816,875	$98,739,600	$1,077,856

Euclid Avenue Development Corporation