Better Business Bureau Report for
Slavic Village Development

Better Business Bureau Report issued December 2016
Better Business Bureau Report expires December 2017


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Slavic Village Development
Address: 5620 Broadway Ave Ste 200
  Cleveland, OH 44127
Phone: 216-429-1182
Web Address: http://www.slavicvillage.org
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Better Business Bureau Comments

Year, State Incorporated: 1980, Ohio
Affiliates: None
Stated Purpose: "promote, empower, and build Broadway/Slavic Village as a thriving diverse community."

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Evaluation Conclusions

              

Slavic Village Development (SVD) meets the 20 Standards for Charity Accountability.
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Programs

              

Development and implementation of projects directed towards rehabilitation, construction and weatherization of housing in targeted low-income neighborhoods.

For the fiscal year ended June 30, 2015, SVD's program expenses were:

  
Special projects 451,658
Property management 232,569
Real estate 222,663
Community organizing 216,808
Housing production 207,332
Commercial development 171,749
Code enforcement 74,279
Consumer services 33,380
Total Program Expenses: $1,610,438
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Governance

              

Chief Executive : Christopher Alvarado, Executive Director
Compensation*: 
$87,022

Chair of the Board: Suzanne Ferrara
Chair's Profession / Business Affiliation: PNC, Business Banking

Board Size: 14

Paid Staff Size:

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, internet
Fund raising costs were 6% of related contributions. (Related contributions, which totaled $1,493,509, are donations received as a result of fund raising activities.)
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Tax Status

              

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.
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Financial

              

The following information is based on SVD's audited financial statements for the fiscal year ended June 30, 2015.

Source of Funds  
Grants 667,959
Community development block grants 546,740
Cleveland neighborhood partnership program 180,417
Management fees 100,239
Contract fees 94,921
Rental 89,211
Interest 53,347
Fundraising 52,999
Donations 45,394
Development fees 20,000
Gain on disposal of real estate, net 14,762
Real estate tax refund 2,001
Loss on investment in LLC -20,160
Total Income $1,847,830


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Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: 5%  Administrative: 10% 

Total income $1,847,830
Program expenses $1,610,438
Fund raising expenses 85,485
Administrative expenses 182,576
Total expenses $1,878,499
Expenses in Excess of Income (30,669)
Beginning net assets 2,099,590
Ending net assets 2,068,921
Total liabilities 1,233,865
Total assets $3,302,786


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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