TREMONT WEST DEVELOPMENT CORP

EIN: 237029247 501(c)(3) Community Improvement

CLEVELAND, OH

Total Revenue
$1,185,741
Total Expenses
$981,409
Total Assets
$1,808,887
Net Assets
$958,485
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
OH
Principal Officer
JULIE DAHLHAUSEN
Phone
2165750920
Tax Period
2024-07-01 to 2025-06-30

TREMONT WEST DEVELOPMENT CORP, founded in 1969, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $204K, a strong 17% operating margin.

Mission

TREMONT WEST DEVELOPMENT CORP SERVES TREMONT BY ORGANIZING AN INCLUSIVE COMMUNITY, BUILDING A UNIFIED NEIGHBORHOOD, AND PROMOTING A UNIQUE DESTINATION.

Program Service Accomplishments

Program 1
Expenses: $749,011

WE DO THIS THROUGH FOCUSING ON THE FOLLOWING STRATEGIC GOALS: COMPREHENSIVE COMMUNITY BUILDING TOWARDS A DENSE NEIGHBORHOOD WITH A DIVERSE SET OF HOUSING OPTIONS AND BUSINESS ATTRACTIONS THAT APPEAL...

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WE DO THIS THROUGH FOCUSING ON THE FOLLOWING STRATEGIC GOALS: COMPREHENSIVE COMMUNITY BUILDING TOWARDS A DENSE NEIGHBORHOOD WITH A DIVERSE SET OF HOUSING OPTIONS AND BUSINESS ATTRACTIONS THAT APPEAL TO ALL RESIDENTS AND VISITORS. WE ORGANIZE THE COMMUNITY TO BE INCLUSIVE AND CONNECTED. WE PROMOTE COMMUNITY THROUGH MEANINGFUL ENGAGEMENT AND EQUITABLE PHYSICAL AND SOCIAL INFRASTRUCTURE THAT CREATES SEAMLESS LINKAGES AND INCREASES ACCESSIBILITY FOR EVERYONE.

Program 2

TREMONT WEST CONDUCTS ARTS PROGRAMMING, INCLUDING THE TREMONT ARTS & CULTURAL FESTIVAL AND TREMONT ARTS IN AUGUST. THESE PROGRAMS CELEBRATE LOCAL ARTISTS AND CULTURAL DIVERSITY, PROVIDING PLATFORMS...

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TREMONT WEST CONDUCTS ARTS PROGRAMMING, INCLUDING THE TREMONT ARTS & CULTURAL FESTIVAL AND TREMONT ARTS IN AUGUST. THESE PROGRAMS CELEBRATE LOCAL ARTISTS AND CULTURAL DIVERSITY, PROVIDING PLATFORMS FOR CREATIVE EXPRESSION AND COMMUNITY ENGAGEMENT. THESE EVENTS ATTRACT THOUSANDS OF ATTENDEES AND GENERATE REVENUE THROUGH SPONSORSHIPS, VENDOR FEES, AND DONATIONS WHILE INCURRING COSTS FOR VENUE SETUP, MARKETING, AND EVENT MANAGEMENT.

Program 3

TREMONT WEST PROVIDES BLOCK CLUB SUPPORT, FOSTERING NEIGHBORHOOD CONNECTIVITY AND CIVIC ENGAGEMENT. BY ASSISTING 10 BLOCK CLUBS, THE ORGANIZATION FACILITATES REGULAR MEETINGS, EDUCATIONAL WORKSHOPS...

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TREMONT WEST PROVIDES BLOCK CLUB SUPPORT, FOSTERING NEIGHBORHOOD CONNECTIVITY AND CIVIC ENGAGEMENT. BY ASSISTING 10 BLOCK CLUBS, THE ORGANIZATION FACILITATES REGULAR MEETINGS, EDUCATIONAL WORKSHOPS, AND COMMUNITY IMPROVEMENT PROJECTS. EXPENSES INCLUDE STAFF TIME, MATERIALS, AND MEETING SUPPORT. THESE EFFORTS HELP ADDRESS SAFETY, HOUSING, AND QUALITY- OF-LIFE ISSUES WHILE STRENGTHENING RESIDENT-LED INITIATIVES.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $615,166
Program Service Revenue $135,973
Investment Income $267,703
Other Revenue $166,899
TOTAL REVENUE $1,185,741

Expense Breakdown

Grants Paid $0
Salaries & Benefits $419,821
Fundraising Expenses $54,677
Program Expenses $749,011
Other Expenses $561,588
TOTAL EXPENSES $981,409

Year-over-Year Comparison

2024 2023 Change
Revenue $1,185,741 $866,737 +0.4%
Expenses $981,409 $944,440 +0.0%
Net Income $204,332 $-77,703 -3.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
9
Volunteers
50

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
6
$82,000
Total Directors
15
$82,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE DAHLHAUSEN EXECUTIVE DI 40.00
Officer Director
$82,000 $0 $82,000
BARBARA ANDELMAN BOARD MEMBER 3.00
Director
$0 $0 $0
CAROLYN BENTLEY SECRETARY 6.00
Officer Director
$0 $0 $0
FRED CALATRELLO BOARD MEMBER 3.00
Director
$0 $0 $0
DAN COTTER BOARD MEMBER 3.00
Director
$0 $0 $0
JAMIE DECLET BOARD MEMBER 3.00
Director
$0 $0 $0
JONATHAN GREEVER BOARD MEMBER 3.00
Director
$0 $0 $0
DAN IMFELD TREASURER 6.00
Officer Director
$0 $0 $0
JOHN JACKSON BOARD MEMBER 3.00
Director
$0 $0 $0
SEAN MISHAK BOARD MEMBER 3.00
Director
$0 $0 $0
KATE O'NEIL 2ND VICE PRE 6.00
Officer Director
$0 $0 $0
SERONICA POWELL 1ST VICE PRE 6.00
Officer Director
$0 $0 $0
DEBORAH SMITH BOARD MEMBER 3.00
Director
$0 $0 $0
RICH SOSENKO BOARD MEMBER 3.00
Director
$0 $0 $0
TOM TOSUKSRI PRESIDENT 6.00
Officer Director
$0 $0 $0
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 $1,185,741 $981,409 $1,808,887 $204,332
2024 $866,737 $944,440 $1,668,402 $-77,703
2023 $779,471 $942,347 $1,697,628 $-162,876
2022 $914,189 $802,097 $1,649,152 $112,092
2021 $858,783 $821,797 $1,507,868 $36,986
2020 $897,111 $1,149,567 $1,400,015 $-252,456
2019 $889,888 $995,836 $1,541,034 $-105,948
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