MOUNT PLEASANT NOW DEVELOPMENT CORPORATION

EIN: 341599720 501(c)(3) Unknown

CLEVELAND, OH

Total Revenue
$496,991
Total Expenses
$440,145
Total Assets
$3,975,602
Net Assets
$1,921,150
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
OH
Tax Period
2023-01-01 to 2023-12-31

MOUNT PLEASANT NOW DEVELOPMENT CORPORATION, founded in 1988, is a small nonprofit in the Unknown sector that reported $497K in total revenue in fiscal year 2023. Expenses of $440K left a modest 11% surplus.

Mission

TO PROVIDE COMMUNITY AND ECONOMIC DEVELOPMENT TO RESIDETS AND BUSINESSES IN THE MT. PLEASANT AREA IN ORDER TO REVITALIZE AND STABILIZE THE COMMUNITY AND MAKE MT. PLEASANT A DESIRABLE, SAFE NEIGHBORHOOD IN WHICH TO LIVE, WORK AND RAISE A FAMILY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,872
Program Service Revenue $0
Investment Income $0
Other Revenue $481,119
TOTAL REVENUE $496,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $164,610
Fundraising Expenses $0
Program Expenses $440,145
Other Expenses $275,535
TOTAL EXPENSES $440,145

Year-over-Year Comparison

2023 2022 Change
Revenue $496,991 N/A N/A
Expenses $440,145 N/A N/A
Net Income $56,846 N/A 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
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS PERRY EXECUTIVE DIRECTOR 0.00
Key Emp
$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
2024 No data No data No data No data
2023 $496,991 $440,145 $3,975,602 $56,846
2020 $483,363 $991,794 $4,649,545 $-508,431
2019 $900,563 $1,229,782 $4,895,217 $-329,219
2018 $790,093 $794,026 $5,006,040 $-3,933
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