Cleveland Development Advisors Community Reinvestment Fund Inc

EIN: 461051875 501(c)(3) Community Improvement

Cleveland, OH

Total Revenue
$9,946,832
Total Expenses
$4,367,434
Total Assets
$46,140,522
Net Assets
$24,179,311
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
OH
Principal Officer
Yvette M Ittu
Phone
2165922274
Tax Period
2023-01-01 to 2023-12-31

Cleveland Development Advisors Community Reinvestment Fund Inc, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $9.9M in total revenue in fiscal year 2023. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.6M, a strong 56% operating margin.

Mission

To promote community development and revitalization by supporting and providing investment capital for low-income communities and low-income persons in Northeast Ohio to create sustainable neighborhoods and communities through neighborhood redevelopment and small business growth through collaboration and inclusivity with public, private and not-for-profit partners.

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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 $5,608,480
Program Service Revenue $3,851,236
Investment Income $466,138
Other Revenue $20,978
TOTAL REVENUE $9,946,832

Expense Breakdown

Grants Paid $255,600
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,250,500
Other Expenses $4,111,834
TOTAL EXPENSES $4,367,434

Year-over-Year Comparison

2023 2022 Change
Revenue $9,946,832 $4,293,488 +1.3%
Expenses $4,367,434 $3,498,546 +0.2%
Net Income $5,579,398 $794,942 +6.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
19

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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Renee Csuhran Chair 2.00
Officer Director
$0 $0 $0
Robert O'Brien Vice Chair 2.00
Officer Director
$0 $0 $0
Rudy Bentlage Treasurer 1.00
Officer Director
$0 $0 $0
Debby Berry Director 1.00
Director
$0 $0 $0
Keith S Burgess Director 1.00
Director
$0 $0 $0
Robert Eckardt Director 1.00
Director
$0 $0 $0
Jeff Epstein Director 1.00
Director
$0 $0 $0
David Jenkins Director 1.00
Director
$0 $0 $0
Kevin Johnson Director 1.00
Director
$0 $0 $0
Vickie Johnson Director 1.00
Director
$0 $0 $0
Robert Likes Director 1.00
Director
$0 $0 $0
Quentin L McCorvey Sr Director 1.00
Director
$0 $0 $0
Maria Spangler Director 1.00
Director
$0 $0 $0
Michael J Taylor Director until 6/14/23 1.00
Director
$0 $0 $0
Jeffrey J Wild Director 1.00
Director
$0 $0 $0
Brian Williams Director 1.00
Director
$0 $0 $0
Yvette M Ittu President & CEO 4.00
Officer
$0 $0 $0
Robert D Labes Secretary 3.00
Officer
$0 $0 $0
Margaret S Callesen Assistant Secretary 3.00
Officer
$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 $9,946,832 $4,367,434 $46,140,522 $5,579,398
2022 $4,293,488 $3,498,546 $34,461,878 $794,942
2021 $5,038,431 $2,981,141 $30,275,176 $2,057,290
2020 $2,913,232 $2,914,811 $21,279,269 $-1,579
2019 $7,935,330 $2,530,679 $20,130,748 $5,404,651
2018 $4,283,906 $1,868,736 $11,186,566 $2,415,170
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