Better Business Bureau Report for
Slavic Village Development

Better Business Bureau Report issued February 2018
Better Business Bureau Report expires February 2019

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, 2017, SVD's program expenses were:

Program Expenses 2,394,522
Total Program Expenses: $2,394,522
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Chief Executive : Christopher Alvarado, Executive Director

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 3% of related contributions. (Related contributions, which totaled $1,792,641, 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, 2017.

Source of Funds  
Grants 1,434,329
Gain on disposal of real estate, net 160,050
Cleveland neighborhood partnership program 150,000
Contributions 144,952
Contract fees 108,259
Management fees 99,307
Rental Income 82,506
Fundraising 63,360
Development fees 30,000
Miscellaneous 626
Interest Income 132
Loss on investment -24,794
Total Income $2,248,727


Uses of Funds as a % of Total Expenses

Programs: 90%  Fund Raising: 2%  Administrative: 8% 

Total income $2,248,727
Program expenses $2,394,522
Fund raising expenses 58,885
Administrative expenses 215,651
Total expenses $2,669,058
Expenses in Excess of Income (420,331)
Beginning net assets 1,985,503
Ending net assets 1,565,172
Total liabilities 1,083,660
Total assets $2,648,832

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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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