JONES ROAD FAMILY DEVELOPMENT CORPORATION

EIN: 262874159 501(c)(3) Education

cleveland, OH

Total Revenue
$206,042
Total Expenses
$181,871
Total Assets
$50,521
Net Assets
$49,075
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
OH
Principal Officer
Ione Parry
Phone
2166921733
Tax Period
2020-10-01 to 2021-09-30

JONES ROAD FAMILY DEVELOPMENT CORPORATION, founded in 2008, is a small nonprofit in the Education sector that reported $206K in total revenue in fiscal year 2020. Revenue surged 106% from the prior year, signaling strong growth momentum. Expenses of $182K left a modest 12% surplus.

Mission

Literacy Through the Arts Summer Academy - performing and visual arts program focusing on developing respect, tolerance, Tutoring in mathematics and reading is included for at least one hour during each daily session. Serves 135 children.

Program Service Accomplishments

Program 1
Expenses: $11,421 Revenue: $45,420

After School Program

Program 2
Expenses: $69,962 Revenue: $48,907

Academic Learning Pod

Program 3
Expenses: $47,620 Revenue: $69,536

summer Academy

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $204,944
Program Service Revenue $0
Investment Income $0
Other Revenue $1,098
TOTAL REVENUE $206,042

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,834
Fundraising Expenses $0
Program Expenses $129,003
Other Expenses $156,037
TOTAL EXPENSES $181,871

Year-over-Year Comparison

2020 2019 Change
Revenue $206,042 $100,076 +1.1%
Expenses $181,871 $78,989 +1.3%
Net Income $24,171 $21,087 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
1
Volunteers
N/A

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
4
$0
Total Directors
11
$0
Key Employees
1
$24,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ione Parry Executive Director 20
Key Emp
$24,000 $0 $24,000
Bernice Hanzel Board Chair 0
Officer Director
$0 $0 $0
John Wilson Treasurer 1
Officer Director
$0 $0 $0
Lynn Campbell Secretary 2
Officer Director
$0 $0 $0
Jerome Seppeltz Vice Chair 1
Officer Director
$0 $0 $0
Frank Benkalowycz member 2
Director
$0 $0 $0
Cindy Helms Member 1
Director
$0 $0 $0
Lovel Henderson Member 1
Director
$0 $0 $0
Theresa Thomas Member 1
Director
$0 $0 $0
Marcia Schettler Member 1
Director
$0 $0 $0
Sue Runt Member 1
Director
$0 $0 $0
Ellen Psenicka member 1
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
2021 $206,042 $181,871 $50,521 $24,171
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