GLENPARK MANOR DEVELOPMENT CORPORATION

EIN: 311489343 501(c)(3) Housing & Shelter

YOUNGSTOWN, OH

Total Revenue
$129,910
Total Expenses
$163,573
Total Assets
$498,926
Net Assets
$-589,863
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
OH
Principal Officer
LAWRENCE MOLITERNO
Phone
3307970070
Tax Period
2025-01-01 to 2025-12-31

GLENPARK MANOR DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $130K in total revenue in fiscal year 2025. Expenses of $164K exceeded revenue, resulting in a 26% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

Program Service Accomplishments

Program 1
Expenses: $132,359 Revenue: $51,711

TO PROVIDE ELDERLY PERSONS WITH HOUSING AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS TO PROMOTE THEIR USEFULNESS IN LIVING LONGER. THE PROJECT CONSISTS OF 16 UNITS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $78,190
Program Service Revenue $51,243
Investment Income $9
Other Revenue $468
TOTAL REVENUE $129,910

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,279
Fundraising Expenses $0
Program Expenses $132,359
Other Expenses $138,294
TOTAL EXPENSES $163,573

Year-over-Year Comparison

2025 2024 Change
Revenue $129,910 $124,261 +0.0%
Expenses $163,573 $155,850 +0.0%
Net Income $-33,663 $-31,589 +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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
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
6
$229,988
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES FORD BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID STAUFFER THRU 0625 TREASURER 0.50
Officer Director
$0 $0 $0
CYNTHIA M CERIMELE SECRETARY 0.50
Officer Director
$0 $0 $0
BILL WITTMAN BOARD MEMBER 0.50
Director
$0 $0 $0
RODNEY STRICHEK VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JOSEPH R MANCINO BOARD MEMBER 0.50
Director
$0 $0 $0
TODD HOGAN BOARD MEMBER 0.50
Director
$0 $0 $0
WILLIAM M PADISAK PRESIDENT 0.50
Officer Director
$0 $0 $0
DR JOHN HAZY BOARD MEMBER 0.50
Director
$0 $0 $0
TRACIE L SCHMIDT ESQ BOARD MEMBER 0.50
Director
$0 $0 $0
DERICK YOUNG BOARD MEMBER 0.50
Director
$0 $0 $0
REV LEWIS W MACKLIN II BOARD MEMBER 0.50
Director
$0 $0 $0
BARRY FRANKS BOARD MEMBER 0.50
Director
$0 $0 $0
COURTNEY WAMBACH BOARD MEMBER 0.50
Director
$0 $0 $0
DANTE PENZA AS OF 1125 TREASURER 0.50
Officer Director
$0 $0 $0
RON ZOLDAN AS OF 0125 BOARD MEMBER 0.50
Director
$0 $0 $0
LAWRENCE MOLITERNO CEO 1.00
Officer
$0 $18,217 $229,988
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 $129,910 $163,573 $498,926 $-33,663
2024 No data No data No data No data
2023 $119,250 $143,301 $565,149 $-24,051
2022 $120,113 $157,646 $577,784 $-37,533
2021 $121,196 $148,074 $616,635 $-26,878
2020 $121,867 $133,756 $647,723 $-11,889
2019 $122,974 $134,198 $673,466 $-11,224
2018 $109,872 $149,543 $703,166 $-39,671
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