WESTERN RESERVE REVITALIZATION AND MANAGEMENT COMPANY INC

EIN: 341885473 501(c)(3) Housing & Shelter

CLEVELAND, OH

Total Revenue
$24,503,226
Total Expenses
$11,683,538
Total Assets
$88,372,078
Net Assets
$70,569,879
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
OH
Principal Officer
JEFFERY K PATTERSON
Phone
2162713010
Tax Period
2024-01-01 to 2024-12-31

WESTERN RESERVE REVITALIZATION AND MANAGEMENT COMPANY INC, founded in 1998, is a mid-sized nonprofit in the Housing & Shelter sector that reported $24.5M in total revenue in fiscal year 2024. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.8M, a strong 52% operating margin.

Mission

THE FORMATION OF THE COMPANY IS FOR THE AID IN PLANNING, UNDERTAKING, CONSTRUCTION AND OPERATION OF HOUSING PROJECTS WITHIN CUYAHOGA COUNTY, OHIO.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $21,816,676
Investment Income $90,957
Other Revenue $2,595,593
TOTAL REVENUE $24,503,226

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,062,426
Fundraising Expenses $0
Program Expenses $10,481,119
Other Expenses $9,621,112
TOTAL EXPENSES $11,683,538

Year-over-Year Comparison

2024 2023 Change
Revenue $24,503,226 $9,660,928 +1.5%
Expenses $11,683,538 $9,618,508 +0.2%
Net Income $12,819,688 $42,420 +301.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
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
6
$969,910
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
N/A TRUSTEE 0.00
$0 $0 $0
STEPHANIE POPE-EARLEY CHAIRPERSON 0.00
Officer
$0 $0 $0
JOSEPH BLACK VICE CHAIRPERSON 0.00
Officer
$0 $0 $0
JEFFREY PATTERSON PRESIDENT 1.00
Officer
$0 $50,669 $357,075
CLYDE TRUETT JR TREASURER 1.00
Officer
$0 $47,992 $200,242
JEFFREY WADE VICE PRESIDENT 1.00
Officer
$0 $55,590 $252,063
RACHEL LOEWY SECRETARY 1.00
Officer
$0 $28,129 $160,530
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 $24,503,226 $11,683,538 $88,372,078 $12,819,688
2023 $9,660,928 $9,618,508 $73,909,759 $42,420
2022 $21,555,573 $8,710,656 $75,809,968 $12,844,917
2021 $17,708,509 $10,127,840 $81,496,475 $7,580,669
2020 $14,921,862 $10,746,316 $127,401,320 $4,175,546
2019 $14,647,306 $7,334,955 $117,409,259 $7,312,351
2018 $12,494,679 $6,240,468 $104,147,844 $6,254,211
Explore More Nonprofits
→Top 100 Nonprofits in Ohio →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WESTERN RESERVE REVITALIZATION AND MANAGEMENT COMPANY INC with other nonprofits in Ohio and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.