Euclid Development Corporation

EIN: 341234007 501(c)(3) Housing & Shelter

Euclid, OH

Total Revenue
$759,835
Total Expenses
$510,943
Total Assets
$3,166,435
Net Assets
$3,165,503
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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
1977
Legal Domicile
OH
Phone
2162894625
Tax Period
2024-01-01 to 2024-12-31

Euclid Development Corporation, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $760K in total revenue in fiscal year 2024. Revenue surged 281% from the prior year, signaling strong growth momentum. The organization ran a surplus of $249K, a strong 33% operating margin.

Mission

To promote and encourage residential development and revitalization within the City of Euclid.

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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 (2024)

Revenue Breakdown

Contributions & Grants $675,937
Program Service Revenue $0
Investment Income $31,409
Other Revenue $52,489
TOTAL REVENUE $759,835

Expense Breakdown

Grants Paid $0
Salaries & Benefits $125,459
Fundraising Expenses $24,550
Program Expenses $447,644
Other Expenses $385,484
TOTAL EXPENSES $510,943

Year-over-Year Comparison

2024 2023 Change
Revenue $759,835 $199,556 +2.8%
Expenses $510,943 $181,020 +1.8%
Net Income $248,892 $18,536 +12.4%
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

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Governance

Voting Members
15
Independent Members
15
Employees
3
Volunteers
5

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
15
$0
Key Employees
1
$65,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Burns President 2
Officer Director
$0 $0 $0
Dana Heil Vice President 2
Officer Director
$0 $0 $0
Rachel Catle Secretary 2
Officer Director
$0 $0 $0
Patrick Grogan-Myers Treasurer 2
Officer Director
$0 $0 $0
LaToya Andre Board Member 1
Director
$0 $0 $0
Tim Baur Board Member 1
Director
$0 $0 $0
Dave Bechtel Board Member 1
Director
$0 $0 $0
Melissa Horvath Board Member 1
Director
$0 $0 $0
Kandace Jones Board Member 1
Director
$0 $0 $0
Brian Mikelbank Board Member 1
Director
$0 $0 $0
Angela Howard Board Member 1
Director
$0 $0 $0
Brian Moore Board Member 1
Director
$0 $0 $0
Bailey Thomas Board Member 1
Director
$0 $0 $0
Kathleen Walters Board Member 1
Director
$0 $0 $0
Angel Washington Board Member 1
Director
$0 $0 $0
Lisa Krieger Executive Director 40
Key Emp
$65,000 $0 $65,000
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
2024 $759,835 $510,943 $3,166,435 $248,892
2023 $199,556 $181,020 $2,920,922 $18,536
2022 $207,123 $105,462 $2,901,480 $101,661
2021 $199,954 $113,247 $2,799,758 $86,707
2020 $84,085 $157,458 $2,713,055 $-73,373
2019 $122,843 $224,757 $2,786,326 $-101,914
2018 $72,729 $172,840 $2,888,098 $-100,111
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