COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS Charity Report

Public IRS 990 nonprofit record

COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS

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

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

Before you give

Should I give to this charity?

Easy charity check

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.

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

IRS warning checkNo IRS revocation warning appears in this data.

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

32.97%of revenue went to mission work95.7% of expenses · Program services

$34.45spent for every $100 of revenueRevenue covered expenses this year.

1.48%of revenue went to management and office costs4.3% of expenses

$14.47in assets for every $1 spent this yearSome assets cannot be spent right away.

90.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $56,158 for ANTHONY ZUMBO (TRUSTEE). Compare pay with organizations of similar size and complexity.

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 plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$440,227

Mission workProgram services$145,13732.97% of revenue95.7% of expenses

ManagementOffice and general costs$6,5031.48% of revenue4.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$288,58765.55% of revenueShown in gray on the chart

Total expenses$151,64034.45% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 95.7% mission · 4.3% management · 0.0% fundraisingTotal expenses: 34.45% of revenue

2023Expense mix: 98.9% mission · 1.1% management · 0.0% fundraisingTotal expenses: 40.24% of revenue

2022Expense mix: 92.4% mission · 7.6% management · 0.0% fundraisingTotal expenses: 3.24% of revenue

2021Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 458.84% of revenue

2020Expense mix: 79.4% mission · 20.6% management · 0.0% fundraisingTotal expenses: 93.09% of revenue

2019Expense mix: 74.8% mission · 25.2% management · 0.0% fundraisingRevenue comparison unavailable

2018Expense mix: 81.4% mission · 18.6% management · 0.0% fundraisingTotal expenses: 21,554.24% of revenue

2017Expense mix: 79.9% mission · 20.1% management · 0.0% fundraisingTotal expenses: 22.19% of revenue

Money in and money out

Revenue$440,227

Expenses$151,640

Annual surplus $288,587 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$145,137 · 95.7% of expenses

Management and office costs$6,503 · 4.3% of expenses

See all reported dollar amounts

Revenue$440,227

Expenses$151,640

Assets$2,193,953

Income$440,227

Contributions$398,130

Mission work (program services)$145,137

Management and general$6,503

Accounting fees$5,222

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ANTHONY ZUMBOTRUSTEE · 1 hrs/week $56,158Base · Other $56,158

JANET CIOTOLATRUSTEE · 1 hrs/week $47,988Base · Other $47,988

BRYAN HOFFMANTRUSTEE · 1 hrs/week $46,196Base · Other $46,196

DON WALTERSPRESIDENT · 1 hrs/week $45,894Base · Other $45,894

LORI JONESSECRETARY · 1 hrs/week $42,335Base · Other $42,335

DIANA COLAVECCHIOVICE PRESIDE · 1 hrs/week $36,235Base · Other $36,235

MARY SPAUGYTREASURER · 1 hrs/week $31,242Base · Other $31,242

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (10)

ANTHONY ZUMBOTRUSTEE

JANET CIOTOLATRUSTEE

BRYAN HOFFMANTRUSTEE

DON WALTERSPRESIDENT

LORI JONESSECRETARY

DIANA COLAVECCHIOVICE PRESIDE

MARY SPAUGYTREASURER

AARON BARNHARTTRUSTEE

JAMES WESTTRUSTEE

PAUL TESTATRUSTEE

About this charity

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

How to reach them

Phone(330) 971-8137

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CRUM & COMPANY
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations