CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HISTORIC GATEWAY NEIGHBORHOOD CORPORATION, founded in 1988, is a small nonprofit that reported $184K in total revenue in fiscal year 2023. Expenses of $217K exceeded revenue, resulting in a 18% operating deficit.
THE CORPORATION WAS FOUNDED IN 1988 TO ASSIST IN THE RENOVATION OF THE EAST FOURTH HISTORIC DISTRICT IN CLEVELAND, OHIO. ITS SCOPE AND GEOGRAPHIC BOUNDARIES HAVE SINCE EXPANDED. SUPPORT AND REVENUES RECEIVED BY THE CORPORATION ARE TO BE USED TO ASSIST IN HISTORIC RENOVATION, THE ELIMINATION OF BLIGHT, TO PROMOTE RESIDENTIAL HOUSING AND TO STIMULATE ECONOMIC OPPORTUNITIES FOR ALL SEGMENTS OF SOCIETY, INCLUDING MEMBERS OF MINORITY GROUPS AND WOMEN. THE BOUNDARIES OF THE CORPORATION'S SERVICE AREA GENERALLY ENCOMPASS THE AREA BETWEEN PUBLIC SQUARE AND PLAYHOUSE SQUARE. THE WESTERN BOUNDARY IS ONTARIO, FROM SUPERIOR TO THE INNERBELT. THE SOUTHERN EDGE IS THE INNERBELT FROM ONTARIO TO EAST 14TH. THE NORTHERN BOUNDARY IS THE SOUTH SIDE OF SUPERIOR, BOTH SIDES OF EUCLID FROM EAST 9TH TO EAST 12TH, AND THE SOUTH SIDE OF PROSPECT. THE EASTERN BOUNDARY IS THE WEST SIDE OF EAST 14TH, THE IMAGINARY LINE FROM EAST 12TH AT EUCLID TO PROSPECT, AND THE WESTERN SIDE OF EAST 9TH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $184,379 | $193,529 | 0.0% |
| Expenses | $216,879 | $199,341 | +0.1% |
| Net Income | $-32,500 | $-5,812 | +4.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KIRA HENNESSEY | PAST PRESIDENT | 2.00 |
Director
|
$2,800 | $0 | $2,800 |
| CHAD ARFONS | BOARD DEVELOPMENT CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TODD BYRNS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| JIM FOLK | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MARCIE GILMORE | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF GLEASON | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD SHEEHAN | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIRSTYN WILDEY | VICE PRESIDENT | 2.00 |
Director
|
$0 | $0 | $0 |
| CLIFTON HAWORTH | TRUSTEE | 2.00 |
Director
|
$2,000 | $0 | $2,000 |
| DOMINIQUE NELSON APR-CUR | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| LERESE PURNELL | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVA RANGE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL DEEMER | PRESIDENT & CEO | 5.00 |
Officer
|
$0 | $0 | $0 |
| EILEEN CASSIDY | VP & COO | 5.00 |
Officer
|
$0 | $0 | $0 |
| HEATHER HOLMES JAN-MAY | EXECUTIVE VICE PRESIDENT | 5.00 |
Officer
|
$0 | $0 | $0 |
| ED ECKART | SENIOR VP OF OPERATIONS | 5.00 |
Officer
|
$0 | $0 | $0 |
| AUDREY GERLACH | VP OF ECONOMIC DEVELOPMENT | 5.00 |
Officer
|
$0 | $0 | $0 |
| DAVE BLATE | VP OF FINANCE & ADMINISTRATION | 5.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $184,379 | $216,879 | $1,170,939 | $-32,500 |
| 2022 | $193,529 | $199,341 | $1,162,944 | $-5,812 |
| 2021 | $417,979 | $309,010 | $1,325,599 | $108,969 |
| 2020 | $377,601 | $318,287 | $1,140,323 | $59,314 |
| 2019 | $352,073 | $334,154 | $1,061,983 | $17,919 |
| 2018 | $442,591 | $292,157 | $1,004,503 | $150,434 |
Compare HISTORIC GATEWAY NEIGHBORHOOD CORPORATION with other nonprofits in Ohio and across the country.