CENTROVILLA25 CORPORATION

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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

2023

Legal Domicile

Principal Officer

JENICE CONTRERAS

Phone

2162814422

Tax Period

2024-07-01 to 2025-06-30

CENTROVILLA25 CORPORATION, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 56% operating margin.

Mission

TO CULTIVATE A VIBRANT, AUTHENTIC, INCLUSIVE LATINO CULTURAL DISTRICT IN THE CLARK-FULTON NEIGHBORHOOD IN CLEVELAND, OHIO.

Program Service Accomplishments

Program 1

Expenses: $974,887

CENTROVILLA25 CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION WHICH WAS FORMED TO CULTIVATE A VIBRANT, AUTHENTIC, INCLUSIVE LATINO CULTURAL DISTRICT IN THE CLARK-FULTON NEIGHBORHOOD IN CLEVELAND, OHIO. CENTROVILLA25 CORPORATION SEEKS TO CATALYZE THE ECONOMIC IMPACT THROUGH JOB CREATION AND BUSINESS DEVELOPMENT, DEVELOPING A THRIVING LOCAL LIVING ECONOMY, AND CREATIVE PLACEMAKING THAT CELEBRATES LATINO CULTURE. CENTROVILLA25 CORPORATION OWNS AND OPERATES A FACILITY THAT INCLUDES OFFICE SPACE LEASED TO LATINO-OWNED BUSINESSES, KIOSK SPACES LEASED TO FOOD AND BEVERAGE VENDORS, BOUTIQUE SHOPS, AND ANTIQUE SHOPS, AS WELL AS A LATINO GROCERY MARKET AND EVEN SPACE AVAILABLE FOR SHORT-TERM RENTALS. CENTROVILLA25 CORPORATION AND ITS RELATED ENTITIES ARE RESPONSIBLE FOR ESTABLISHING THE FIRST DEDICATED LATINO CULTURAL DISTRICT IN CLEVELAND. DURING FISCAL YEAR ENDED JUNE 30, 2025, CENTROVILLA25 CORPORATION CONTINUED ITS WORK TO BRING TOGETHER THE HISPANIC COMMUNITY BY COMPLETING ADDITIONAL PHASES OF ITS FACILITY, HOSTING VARIOUS EVENTS, RECRUITING NEW TENANTS, AND LAUNCHING ADDITIONAL CULTURAL, ENTREPRENEURIAL, YOUTH, AND ARTISTIC COMMUNITY PROGRAMS. PARTNERSHIPS WITH NEW LOCAL ORGANIZATIONS WERE ESTABLISHED, AND THE NEW-MARKETS TAX CREDIT-STRUCTURED INVESTMENT WAS DEPLOYED, IN ADDITION TO SECURING GRANTS TO SUPPORT BUILD-OUT EXPENDITURES. CENTROVILLA25 CORPORATION OPENED ITS DOORS TO THE PUBLIC ON JANUARY 2, 2025, AND DURING THE SECOND HALF OF THE FISCAL YEAR MADE A SIGNIFICANT IMPACT WITHIN THE LATINO COMMUNITY THROUGH ITS PUBLIC MARKET AND ENTREPRENEURIAL PROGRAMMING. THE ORGANIZATION LAUNCHED ITS PUBLIC MARKET WITH 14 KIOSK VENDORS AND ENTREPRENEURS, PROVIDING OPPORTUNITIES FOR SMALL BUSINESS DEVELOPMENT AND ECONOMIC GROWTH. COLLECTIVELY, THE KIOSK PROGRAM GENERATED GROSS SALES OF 588,994.80 DURING THE REPORTING PERIOD. IN ADDITION, CENTROVILLA25 CORPORATION'S COMMERCIAL KITCHEN PROGRAM GENERATED 11,866.90 IN REVENUE AND SUPPORTED LOCAL FOOD-BASED ENTREPRENEURS. THROUGH THESE INITIATIVES, CENTROVILLA25 CORPORATION HELPED CREATE 30 JOBS WHILE FOSTERING ECONOMIC OPPORTUNITY AND COMMUNITY ENGAGEMENT WITHIN THE LATINO COMMUNITY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,972,885

Program Service Revenue $0

Investment Income $102,131

Other Revenue $280,794

TOTAL REVENUE $2,355,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $974,887

Other Expenses $1,044,227

TOTAL EXPENSES $1,044,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,355,810	$810,955	+1.9%
Expenses	$1,044,227	$719,447	+0.5%
Net Income	$1,311,583	$91,508	+13.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$240,875

Total Directors

$90,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENICE CONTRERAS	PRESIDENT/CE	40.00	Officer	$0	$0	$150,000
JOSE VASQUEZ	CHAIR	1.00	Officer Director	$0	$90,875	$90,875
DR NICHOLAS MAYS	CO-CHAIR	1.00	Officer 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
2025	$2,355,810	$1,044,227	$13,602,933	$1,311,583
2024	$810,955	$719,447	$10,083,132	$91,508