745 EAST MARKET STREET CORPORATION

EIN: 991209628 501(c)(3) Mental Health

AKRON, OH

Total Revenue
$90,235
Total Expenses
$233,614
Total Assets
$15,603,217
Net Assets
$-80,875
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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
OH
Principal Officer
KEITH HOCHADEL
Phone
3303153708
Tax Period
2024-07-01 to 2025-06-30

745 EAST MARKET STREET CORPORATION, founded in 2023, is a micro nonprofit in the Mental Health sector that reported $90K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $234K exceeded revenue, resulting in a 159% operating deficit.

Mission

745 E. MARKET STREET CORPORATION, (THE "CORPORATION") IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). IN FURTHERANCE THEREOF, BUT WITHOUT LIMITATION THEREON, THE CORPORATION SHALL AT ALL TIMES BE OPERATED AS AN ORGANIZATION THAT IS ORGANIZED, AND AT ALL TIMES OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF COMMUNITY DRUG BOARD, INC., AN OHIO NONPROFIT CORPORATION ("SUPPORTED ORGANIZATION"). TO FURHTER THESE PURPOSES, THE CORPORATION WILL LEASE, HOLD, CONSTRUCT, DEVELOP, MAINTAIN, AND OPERATE AN APPROX. 2270 SQ FT FACILITY TO BE CONSTRUCTED AT 745 E. MARKET ST., AKRON, OHIO FOR USE AS PROGRAM AND OFFICE SPACE, KNOWN AS "ONE CAMPUS", AND OTHER USES RELATED THERETO, TOGETHER WITH SUCH OTHER ACTIVITIES AS MAY BE NECESSARY OR ADVISABLE IN CONNECTION THEREWITH (THE "PROJECT").

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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 $0
Program Service Revenue $0
Investment Income $90,235
Other Revenue $0
TOTAL REVENUE $90,235

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $148
Program Expenses $105,399
Other Expenses $233,614
TOTAL EXPENSES $233,614

Year-over-Year Comparison

2024 2023 Change
Revenue $90,235 $101,151 -0.1%
Expenses $233,614 $38,647 +5.0%
Net Income $-143,379 $62,504 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
5
$368,246
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHINA DARRINGTON PRESIDENT 1.00
Officer Director
$0 $0 $0
JACKIE HEMSWORTH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LAUREN GREEN-HULL TRUSTEE 1.00
Director
$0 $0 $0
CONNIE PORTER SECRETARY 1.00
Officer Director
$0 $0 $0
SETH ANDREW SMOLEN TRUSTEE 1.00
Director
$0 $0 $0
BECKY C RYBA TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER K FOY TRUSTEE 1.00
Director
$0 $0 $0
JANET L WAGNER CEO 1.00
Officer
$0 $9,146 $214,204
MICHELLE MARSHALL CFO 1.00
Officer
$0 $17,789 $154,042
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 $90,235 $233,614 $15,603,217 $-143,379
2024 $101,151 $38,647 $8,318,721 $62,504
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