CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEAR WEST COMMUNITY LAND TRUST INC, founded in 2021, is a micro nonprofit that reported $33K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $43K exceeded revenue, resulting in a 29% operating deficit.
THE NEAR WEST COMMUNITY LAND TRUST PROVIDES HIGH-QUALITY, PERMANENTLY AFFORDABLE HOMES FOR BOTH RENTERS AND HOMEOWNERS.
THE NEAR WEST COMMUNITY LAND TRUST CURRENTLY OWNS 4 UNITS OF RENTAL HOUSING AS WELL AS 5 PARCELS LEASED TO HOMEOWNERS ON THE NEAR WEST SIDE OF CLEVELAND. THE TRUST IS ACTIVELY WORKING TOWARD...
THE NEAR WEST COMMUNITY LAND TRUST CURRENTLY OWNS 4 UNITS OF RENTAL HOUSING AS WELL AS 5 PARCELS LEASED TO HOMEOWNERS ON THE NEAR WEST SIDE OF CLEVELAND. THE TRUST IS ACTIVELY WORKING TOWARD DEVELOPING NEW SINGLE FAMILY FOR-SALE PERMANENTLY AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME RESIDENTS. FOR-SALE UNITS WILL SAFEGUARD AFFORDABILITY OF UNITS THROUGH 99 -YEAR LAND LEASES, WHERE THE TRUST WILL CONTINUE TO OWN THE LAND, WHILE SELLING THE IMPROVEMENTS ON THE LAND TO HOMEOWNERS. RENTAL UNITS WILL BE OWNED BY THE TRUST IN ORDER TO CONTROL THEIR AFFORDABILITY.
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 | $33,348 | $79,018 | -0.6% |
| Expenses | $42,962 | $44,832 | 0.0% |
| Net Income | $-9,614 | $34,186 | -1.3% |
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 |
|---|---|---|---|---|---|---|
| KATE CARDEN | VICE PRESIDE | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHARHONDA GREER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL IMFELD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTONIA MARINUCCI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SERONICA POWELL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ISAAC ROBB | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHILLIP STUDMIRE | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDY TRARES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BEN TRIMBLE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $33,348 | $42,962 | $711,298 | $-9,614 |
| 2022 | $79,018 | $44,832 | $710,842 | $34,186 |
Compare NEAR WEST COMMUNITY LAND TRUST INC with other nonprofits in Ohio and across the country.