EIN 34-1314225

Shaker Heights Development Corporation

Name: Shaker Heights Development Corporation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Shaker Heights

State

Ohio

Year formed

1980

Most recent tax filings

2022-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Shaker Heights Development Corporation enhances Shaker Heights' commercial revitalization with a mission to strengthen residential neighborhoods and diversify the city's tax base. The dealership functions as a coworking community in Shaker Heights for remote workers, freelancers, entrepreneurs, and small businesses.

Also known as...

Community Improvement Corporation of Shaker Heights Ohio

Total revenues

$363,023

2022

Total expenses

$319,713

2022

Total assets

$1,445,329

2022

Num. employees

2022

Program areas at Shaker Heights Development Corporation

The dealership is a coworking community in Shaker Heights for remote workers, freelancers, entrepreneurs, and small businesses.

Who funds Shaker Heights Development Corporation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
James and Susan Ratner Family Foundation	2023-12	Annual Fund	$5,000
Arminius Foundation	2023-12	Education	$1,000

Personnel at Shaker Heights Development Corporation

Name	Title	Compensation	Date of data
Nicholas Fedor	Executive Director	$82,694	2023-11-15
Kim Bisenstine	Vice President	$0	2022-12-31
Benjamin Woodcock	Treasurer / Citizen Board Member	$0	2022-12-31
Jeri E Chaikin	Secretary , Chief Administrative Officer	$0	2022-12-31
Kandis Williams	Vice President , Citizen Board Member	$0	2022-12-31
...and 3 more key personnel

Financials for Shaker Heights Development Corporation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$158,365	$487,611	-67.5%
Program services	$168,258	$140,968	19.4%
Investment income and dividends	$13,614	$1,287	957.8%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$-4,477	$3,869	-215.7%
Net gain from sale of non-inventory assets	$5,517	$0	999%
Net income from fundraising events	$21,746	$0	999%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$363,023	$633,735	-42.7%

Form 990s for Shaker Heights Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-11-10	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2021-04-01	990	View PDF
2018-12	2020-01-31	990	View PDF
...and 6 more Form 990s

Organizations like Shaker Heights Development Corporation

Organization	Type	Location	Revenue
The Business Initiative Corporation of New York	501(c)(3)	Bronx, NY	$523,084
Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter	501(c)(3)	Red Bank, NJ	$646,196
Partnership West	501(c)(3)	Newark, NJ	$510,285
Washington Harbor District All	501(c)(3)	Washington, NC	$291,743
Haverford Partnership for Economic Development	501(c)(3)	Havertown, PA	$165,108
Ocean City Development Corporation	501(c)(3)	Ocean City, MD	$622,836
Brownsville Area Revitalization Corporation	501(c)(3)	Brownsville, PA	$238,395
The Aiken Corporation of South Carolina	501(c)(3)	Aiken, SC	$417,418
Heart of Biddeford	501(c)(3)	Biddeford, ME	$367,482
Guernsey County CDC	501(c)(3)	Cambridge, OH	$1,025,301

Data update history

July 16, 2024

Received grants

Identified 1 new grant, including a grant for $5,000 from James and Susan Ratner Family Foundation

January 9, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 8, 2024

Updated personnel

Identified 2 new personnel

July 28, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 8, 2023

Updated personnel

Identified 2 new personnel

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

ReligionCommunity improvementEconomic development

Characteristics

ReligiousChristianFundraising eventsState / local levelTax deductible donationsAccepts online donations

General information

Address: 3400 Lee Rd; Shaker Heights, OH 44120
Metro area: Cleveland-Elyria, OH
County: Cuyahoga County, OH
Website URL: shakerdevcorp.com/
Phone: (216) 491-1425

IRS details

EIN: 34-1314225
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1980
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Shaker Heights Development Corporation

Program areas at Shaker Heights Development Corporation

Who funds Shaker Heights Development Corporation

Personnel at Shaker Heights Development Corporation

Financials for Shaker Heights Development Corporation

Form 990s for Shaker Heights Development Corporation

Organizations like Shaker Heights Development Corporation

Nonprofits

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