Better Business Bureau Report for
Slavic Village Development

Better Business Bureau Report issued August 2015
Better Business Bureau Report expires August 2016

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:
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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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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, 2014, SVD's program expenses were:

Special projects 439,702
Community organizing 303,530
Property management 255,951
Housing production 234,625
Real estate 179,797
Commercial development 97,397
Code enforcement 69,297
Consumer services 57,060
Total Program Expenses: $1,637,359
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Chief Executive : Christopher Alvarado, Executive Director

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

Board Size: 15

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 $1,363,635, 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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The following information is based on SVD's audited financial statements for the fiscal year ended June 30, 2014.

Source of Funds  
Community development block grants 551,179
Grants 516,158
Cleveland neighborhood partnership program 150,676
Contract fees 149,726
Net assets released from restrictions 124,475
Rental 93,229
Management fees 92,531
Donations 86,432
Forgiveness of long-term debt 68,712
Development fees 63,400
Fundraising 59,190
Interest 52,024
Gain on disposal of real estate, net 12,674
Other 3,132
Loss on investment in LLC -16,377
Total Income $2,007,161


Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 4%  Administrative: 10% 

Total income $2,007,161
Program expenses $1,637,359
Fund raising expenses 77,841
Administrative expenses 189,625
Total expenses $1,904,825
Income in Excess of Expenses 102,336
Beginning net assets 1,902,340
Ending net assets 2,099,590
Total liabilities 1,084,449
Total assets $3,184,039

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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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