SMART DEVELOPMENT INC

EIN: 824991900 501(c)(3) Community Improvement

SHAKER HEIGHTS, OH

Total Revenue
$1,429,710
Total Expenses
$1,384,659
Total Assets
$5,144,180
Net Assets
$4,437,497
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
OH
Principal Officer
MUSTAFA ABED
Phone
2163090833
Tax Period
2024-01-01 to 2024-12-31

SMART DEVELOPMENT INC, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $1.4M left a modest 3% surplus.

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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 (2024)

Revenue Breakdown

Contributions & Grants $581,452
Program Service Revenue $824,858
Investment Income $0
Other Revenue $23,400
TOTAL REVENUE $1,429,710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $307,991
Fundraising Expenses $0
Program Expenses $1,300,631
Other Expenses $1,071,461
TOTAL EXPENSES $1,384,659

Year-over-Year Comparison

2024 2023 Change
Revenue $1,429,710 $1,719,774 -0.2%
Expenses $1,384,659 $1,570,803 -0.1%
Net Income $45,051 $148,971 -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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Governance

Voting Members
10
Independent Members
10
Employees
8
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
1
$90,577
Total Directors
10
$90,577
Key Employees
1
$90,577
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mustafa Abed Executive Director/President 040.00
Officer Director Key Emp Highest
$90,577 $0 $90,577
Fahed Haq Treasurer and Secretary 040.00
Director
$0 $0 $0
Nael Abushatafa Board Member 020.00
Director
$0 $0 $0
Will Hassan Board Membebr 020.00
Director
$0 $0 $0
Fatima Shendi Board Member 020.00
Director
$0 $0 $0
Mahmound Mustafa Board Member 020.00
Director
$0 $0 $0
Patrick Stemple Board Member 020.00
Director
$0 $0 $0
Abdinoor Atallah Board Member 020.00
Director
$0 $0 $0
Janeen Fayad Board Member 020.00
Director
$0 $0 $0
Amal Hussein Board Member 020.00
Director
$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 $1,429,710 $1,384,659 $5,144,180 $45,051
2022 $1,999,204 $1,702,588 $8,161,157 $296,616
2021 $1,485,557 $1,151,189 $8,404,376 $334,368
2020 $767,573 $677,890 $1,543,870 $89,683
2019 $502,085 $381,531 $1,269,252 $120,554
2018 $204,180 $214,022 $360,900 $-9,842
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