Slavic Village Development meets the 20 Standards for Charity Accountability.
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Year, State Incorporated
1980, OH
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Stated Purpose
"to work with and for its residents, businesses, and institutions to promote civic engagement, community empowerment, and neighborhood investment."
Slavic Village Development (SVD) is a neighborhood redevelopment organization serving Broadway Slavic Village, a community of over 22,000 people in southeast Cleveland. Originally founded with a focus on community organizing, the organization reports that it has evolved to include traditional housing development, economic development, neighborhood stabilization, and community organizing. SVD reports that the organization aims to honors the resiliency, diverse cultural heritage, and inclusiveness of its community. The organization is also committed to building a community defined by a high quality of life, unique identity, and healthy and active living, and to help support residents of modest means.
For the year ended June 30, 2020, Slavic Village Development's program expenses were:
Consumer services |
$903,926 |
Special Projects |
$490,318 |
Community organizing |
$237,429 |
Housing production |
$218,866 |
Commercial development |
$188,692 |
Property management |
$104,131 |
Code enforcement |
$94,225 |
Real estate |
$25,140 |
Total Program Expenses: |
$2,262,727 |
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Chief Executive
Christopher Alvarado, Executive Director
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Compensation*
$95,340
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Chair of the Board
Greg Knapp
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Chair's Profession / Business Affiliation
Resident, US Department of Labor
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Board Size
16
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Paid Staff Size
14
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: According to SVD's IRS form 990 for the year ended June 30, 2020, Mr. Michael Geregach was compensated $109,171 during 2019.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Membership appeals, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $2,163,491, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Slavic Village Development's audited financial statements for the year ended June 30, 2020.
Source of Funds |
Grants |
$2,073,488 |
Cleveland Neighborhood Partnership program |
$125,000 |
Rental Income |
$82,801 |
Gain on disposal |
$65,773 |
Fundraising-general |
$62,069 |
Development fees |
$47,146 |
Management fees |
$42,772 |
Contract fees |
$29,067 |
Contributions |
$27,934 |
Miscellaneous |
$6,982 |
Interest income |
$229 |
Total Income |
$2,563,261 |
- Programs: 92%
- Administrative: 7%
- Fundraising: Less than 1%
Total Income |
$2,563,261 |
Program expenses |
$2,262,727 |
Fundraising expenses |
$39,606 |
Administrative expenses |
$178,195 |
Other expenses |
$0 |
Total expenses: |
$2,480,528 |
Income in Excess of Expenses |
$82,733 |
Beginning Net Assets |
$1,377,017 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$1,459,750 |
Total Liabilities |
$1,026,495 |
Total Assets |
$2,486,245 |