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COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS

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Public IRS 990 nonprofit record

COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS

EIN 34-1719633 · Homeowners & Tenants Associations (L50)

Complete Charity Report — $1IRS status · full finances · grants · payProceeds go back to charities

What they do

THE COMMUNITY IMPROVEMENT CORPORATION of CUYAHOGA FALLS WAS FORMED IN JULY 1970 and INCORPORATED AS A CORPORATION NOT-FOR-PROFIT UNDER TITLE XVII, CHAPTERS 1702 and 1724 of THE OHIO REVISED CODE. THE STATED PURPOSE of THE CORPORATION is to ADVANCE, ENCOURAGE, and PROMOTE THE INDUSTRIAL, COMMERCIAL, CIVIC, and ECONOMIC DEVELOPMENT of THE CITY of CUYAHOGA FALLS, OHIO UNDER APPLICABLE SECTIONS of THE OHIO REVISED CODE. THE CORPORATION PROVIDES "GAP" FINANCIAL ASSISTANCE to ELIGIBLE BUSINESSES IN THE CITY of CUYAHOGA FALLS. FINANCIAL ASSISTANCE is PROVIDED to FOR- PROFIT ORGANIZATIONS THAT ARE INELIGIBLE for FINANCING THROUGH TRADITIONAL LENDING INSTITUTIONS. THE CIC FINANCING WILL NOT EXCEED 30% of THE ORGANIZATIONS TOTAL PROJECT EXPENSES. THE FUNDING is USED for THE PURCHASE of EQUIPMENT AND/OR ASSETS for THE BUSINESS. ASSISTANCE is PROVIDED IN INCREMENTS BETWEEN 50,000-100,000, DEPENDING ON THE NEEDS of THE BUSINESS. PAYMENTS ARE DEFERRED for THE FIRST YEAR of FINANCING and THEN AMORTI

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Look at where the money went

Of every $100 spent, about $95.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Who runs this charity—and what were they paid?

This filing lists 10 leaders and board members, with compensation reported for 7. The complete report shows their names, titles, time commitments, and exact compensation.

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Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

95.7%of expenses went to mission workForm 990 program services
4.3%of expenses went to managementOffice and general costs
Want the exact dollars and year-by-year history?Open the complete $1 report →

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Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A quick look at the charity’s latest reported finances. The complete report adds exact spending amounts, financial history, grants, funders, contractors, fees, and leadership pay.

Revenue$440,227
Expenses$151,640
Assets$2,193,953

How reported expenses were divided

This free view shows the broad spending mix. Exact dollar amounts and revenue comparisons are included in the complete report.

Mission workProgram services95.7%of expenses
ManagementOffice and general costs4.3%of expenses
FundraisingAsking for donations0.0%of expenses

Mission work is the Form 990 category called program services. These are the organization’s reported accounting categories, not an independent measure of results.

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People

Leadership and board

Tax year 2024

10 people are listed in this filing

The complete report identifies every listed leader and board member, their title, reported weekly time, and compensation.

See the full leadership roster for $1 →

About this charity

Recognized since
January 1994
Location
2310 2ND ST, CUYAHOGA FLS, OH 44221-2530
County
Summit
In care of
DIANA COLAVECCHIO

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