MERIDIAN PLACE DEVELOPMENT CORPORATION

EIN: 341767066 501(c)(3) Human Services

YOUNGSTOWN, OH

Total Revenue
$159,011
Total Expenses
$170,261
Total Assets
$690,562
Net Assets
$-560,355
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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
1994
Legal Domicile
OH
Principal Officer
LAWRENCE MOLITERNO
Phone
3307970070
Tax Period
2023-01-01 to 2023-12-31

MERIDIAN PLACE DEVELOPMENT CORPORATION, founded in 1994, is a small nonprofit in the Human Services sector that reported $159K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDE LOW INCOME HOUSING FOR THE DISABLED.

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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 $102,574
Program Service Revenue $55,873
Investment Income $69
Other Revenue $495
TOTAL REVENUE $159,011

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,660
Fundraising Expenses $0
Program Expenses $120,774
Other Expenses $155,601
TOTAL EXPENSES $170,261

Year-over-Year Comparison

2023 2022 Change
Revenue $159,011 $137,851 +0.2%
Expenses $170,261 $172,156 0.0%
Net Income $-11,250 $-34,305 -0.7%
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
13
Independent Members
13
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
4
$203,662
Total Directors
14
$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 BOARD MEMBER 0.50
Director
$0 $0 $0
TODD HOGAN BOARD MEMBER 0.50
Director
$0 $0 $0
JANINE EASTON THRU 32023 TREASURER 0.50
Officer Director
$0 $0 $0
JOSEPH R MANCINO BOARD MEMBER 0.50
Director
$0 $0 $0
WILLIAM M PADISAK PRESIDENT 0.50
Officer Director
$0 $0 $0
TRACIE L SCHMIDT ESQ BOARD MEMBER 0.50
Director
$0 $0 $0
ROD STRICHEK SECRETARY 0.50
Officer Director
$0 $0 $0
DR JOHN HAZY BOARD MEMBER 0.50
Director
$0 $0 $0
REV LEWIS W MACKLIN II BOARD MEMBER 0.50
Director
$0 $0 $0
DERICK YOUNG BOARD MEMBER 0.50
Director
$0 $0 $0
CYNTHIA CERIMELE 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
LAWRENCE MOLITERNO CEO 1.00
Officer
$0 $5,477 $203,662
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 No data No data No data
2024 No data No data No data No data
2023 $159,011 $170,261 $690,562 $-11,250
2022 $137,851 $172,156 $701,040 $-34,305
2021 $141,050 $141,262 $737,912 $-212
2020 $142,711 $141,508 $736,388 $1,203
2019 $141,241 $151,016 $734,659 $-9,775
2018 $138,898 $146,567 $786,383 $-7,669
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