Playhouse Square Development Corp

EIN: 341249931

Cleveland, OH

Total Revenue
N/A
Total Expenses
$1,378,954
Total Assets
$583,973
Net Assets
$-16,295,722
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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
1978
Legal Domicile
OH
Principal Officer
Laura Smith
Phone
2167714444
Tax Period
2024-07-01 to 2025-06-30

Mission

The corporation holds title to real property, collects rent, and performs other support services for its parent, Playhouse Square Foundation, a Section 501(c)(3) organization.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,378,954
TOTAL EXPENSES $1,378,954

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses $1,378,954 $486,367 +1.8%
Net Income N/A $-486,367 N/A
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
2
Independent Members
N/A
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
2
$705,068
Total Directors
2
$705,068
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patricia Gaul Treasurer 5.00
Officer Director
$0 $37,983 $586,669
Art J Falco President 5.00
Officer Director
$0 $8,976 $118,399
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 No data $1,378,954 $583,973 No data
2024 No data $486,367 $674,251 No data
2023 No data $637,751 $655,431 No data
2022 No data $794,266 $748,523 No data
2021 No data $3,403,168 $842,822 No data
2020 No data $2,574,588 $938,161 No data
2019 No data $1,461,963 $1,034,096 No data
2018 No data $2,231,090 $1,016,888 No data
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