2024-11-15T09:38:05-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 1785 INDIAN WOOD CIRCLE MAUMEE OH 43537 990 2023-01-01 341667990 EMERALD DEVELOPMENT & ECONOMIC NETWORK EMER 2169619690 7812 MADISON AVE CLEVELAND OH 44102 ELAINE GIMMEL EXECUTIVE DIRECTOR 2169619690 2024-11-14 1 1 BRITTANY MALCZEWSKI CPA P02192309 4197942000 2024-11-13 2023 2024-10-15 13:58:12Z EDEN INC ELAINE GIMMEL 7812 MADISON AVE CLEVELAND OH 44102 47529412 0 X WWW.EDENINC.ORG X 1990 OH EDEN'S MISSION IS TO PROVIDE HOUSING SOLUTIONS TO PEOPLE FACING THE CHALLENGES OF HOUSING INSECURITIES AND HOMELESSNESS. TO THIS END, EDEN'S VISION IS TO BE A LEADER IN EFFORTS TO END HOMELESSNESS BY:- DEVELOPING, OPERATING, AND ADMINISTERING SAFE, DECENT, AFFORDABLE HOUSING WHICH WILL ENABLE THE COMMUNITIES' MOST VULNERABLE INDIVIDUALS AND FAMILIES TO LIVE WITH HOPE AND DIGNITY- DEVELOPING AND MAINTAINING COLLABORATIVE PARTNERSHIPS THAT FOSTER AND INCREASE RESOURCES TO CREATE INITIATIVES AND STRATEGIES IN SUPPORT OF THE MISSION- DEVELOPING A CULTURE WHICH ATTRACTS AND RETAINS HIGHLY QUALIFIED AND COMMITTED STAFF 16 16 249 60 0 0 35419642 40129878 6474568 6471896 -425556 35206 642023 850610 42110677 47487590 28825435 31274929 0 0 6142531 8726585 0 0 0 6434601 6942468 41402567 46943982 708110 543608 39028910 46195217 14134222 20761622 24894688 25433595 EDEN'S MISSION IS TO PROVIDE HOUSING SOLUTIONS TO PEOPLE FACING THE CHALLENGES OF HOUSING INSECURITIES AND HOMELESSNESS. 0 0 6351720 0 6471896 O THE PROVISION AND MANAGEMENT OF HOUSING UNITS FOR PERSONS WHO ARE EXPERIENCING HOMELESSNESS OR ARE UNSTABLY HOUSED, WHO HAVE A DISABILITY AND/OR ARE PART OF A SPECIAL NEEDS GROUP INCLUDING JUSTICE INVOLVED INDIVIDUALS, VETERANS OR SURVIVORS OF DOMESTIC VIOLENCE AND/OR HUMAN TRAFFICKING, AND WHO ARE VERY LOW/EXTREMELY LOW INCOME: EDEN PROVIDED HOUSING FOR APPROXIMATELY 1300 TENANTS DURING THE 2023 FISCAL YEAR. EDEN HAS MAINTAINED 90% RENT COLLECTION AND 90% OCCUPANCY STANDARDS; 70% HAVE LIVED IN OUR HOUSING FOR 2 YEARS OR LONGER, AND 70% HAVE A SOURCE OF INCOME. 37837243 31274929 0 O IN 2023, THE ORGANIZATION WAS ADMINISTERING RENTAL ASSISTANCE PROGRAMS THAT PROVIDED HOUSING FOR OVER 3,500 HOUSEHOLDS WHO WERE EXTREMELY AND VERY LOW INCOME, EXPERIENCING HOMELESSNESS OR UNSTABLY HOUSED, AND WHO HAD A DISABILITY AND/OR WERE PART OF A SPECIAL NEEDS GROUP INCLUDING JUSTICE INVOLVED INDIVIDUALS, VETERANS OR SURVIVORS OF DOMESTIC VIOLENCE &/OR HUMAN TRAFFICKING SERVED 362 HOUSEHOLDS WITH RAPID RE-HOUSING IN 2023. THROUGH OUR PROGRAMS, 90% OF PARTICIPANTS WERE HOUSED 1 YEAR OR LONGER AND 35% WERE HOUSED 5 YEARS OR LONGER. ONLY 5% OF PARTICIPANTS WHOSE ASSISTANCE WAS TERMINATED WERE FOR NEGATIVE REASONS. MOST WENT ON TO OTHER PERMANENT HOUSING OPTIONS OR INCREASED INCOME AND BECAME INELIGIBLE FOR OUR PROGRAMS. 475939 0 0 THE DEVELOPMENT OF HOUSING OPPORTUNITIES FOR PERSONS WHO ARE EXPERIENCING HOMELESS OR THAT ARE UNSTABLY HOUSED, WHO HAVE A DISABILITY AND/OR ARE PART OF A SPECIAL NEEDS POPULATION SUCH AS JUSTICE INVOLVED INDIVIDUALS, SURVIVORS OF DOMESTIC VIOLENCE AND/OR HUMAN TRAFFICKING AND VETERANS. THIS ACTIVITY INCLUDES, BUT IS NOT LIMITED TO, COORDINATION WITH OTHER GOVERNMENT OR NONPROFIT ORGANIZATIONS AND THE PROVISION OF FISCAL AND ADMINISTRATIVE SERVICES ON A CONTRACT BASIS TO SUCH ORGANIZATIONS. 44664902 1 1 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 71 0 1 249 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X ELAINE GIMMEL 2169619690 7812 MADISON AVE CLEVELAND OH 44102 JOHN MARK TICHAR PRESIDENT 2.00 0.00 X X 0 0 0 JONATHAN PETRUS VICE PRESIDENT 2.00 1.00 X X 0 0 0 BETH ADAMS TREASURER 2.00 0.00 X X 0 0 0 DOUGLAS SHELBY SECRETARY THRU FEB 2023 2.00 0.00 X X 0 0 0 ANDRE CAMPBELL BOARD MEMBER 2.00 0.00 X 0 0 0 ANDREENA JACKSON BOARD MEMBER 2.00 0.00 X 0 0 0 CHRISTOPHER MERTES BOARD MEMBER 2.00 0.00 X 0 0 0 DAWN ELLIS BOARD MEMBER 2.00 0.00 X 0 0 0 JESSICA STONER BOARD MEMBER 2.00 0.00 X 0 0 0 JOSHUA E LEVIN BOARD MEMBER THRU FEB 2023 2.00 0.00 X 0 0 0 KANIKA WILLAIMS BOARD MEMBER THRU APRIL 2023 2.00 0.00 X 0 0 0 KENNETH G SILLIMAN BOARD MEMBER 2.00 0.00 X 0 0 0 MATTHEW KING BOARD MEMBER 2.00 0.00 X 0 0 0 MATTHEW LARGE BOARD MEMBER 2.00 0.00 X 0 0 0 MICHELE SOMMERFELT BOARD MEMBER 2.00 0.00 X 0 0 0 NICHOLAS MCCAUSLIN BOARD MEMBER 2.00 0.00 X 0 0 0 PHILLIP STUDMIRE BOARD MEMBER 2.00 0.00 X 0 0 0 SUSAN LICCIARDI BOARD MEMBER 2.00 0.00 X 0 0 0 TIMOTHY WILLIAMS BOARD MEMBER 2.00 0.00 X 0 0 0 SHARON PARKS CHIEF FINANCIAL OFFICER 40.00 11.00 X 146864 0 16776 EMMA PETRIE BARCELONA CHIEF OPERATING OFFICER 40.00 11.00 X 144002 0 7334 ELAINE GIMMEL EXECUTIVE DIRECTOR 40.00 0.00 X 192626 0 19200 GERRI KORNBLUT GENERAL COUNSEL 40.00 0.00 X 128791 0 15904 RICHARD CARR DIRECTOR OF REAL ESTATE DEVELOPMENT 40.00 0.00 X 108557 0 27662 JUDITH ENGEL DIRECTOR OF FUND DEV. & COM. 40.00 0.00 X 100780 0 5491 RACHELLA TILLMAN DIRECTOR OF PROPERTY MANAGEMENT 40.00 0.00 X 102955 0 10522 924575 0 102889 7 0 1 0 C&B CONSTRUCTION CO 1LTD 17325 EUCLID AVE SUITE 2180 CLEVELAND OH 44112 GENERAL CONTRACTOR 758520 DRAKE CONSTRUCTION COMPANY 1545 EAST 18TH STREET CLEVELAND OH 44114 GENERAL CONTRACTOR 404731 HUNTINGTON NATIONAL BANK - 0821 PO BOX 182387 COLUMBUS OH 43218 FINANCE 307163 MUI CONSTRUCTION LLC 1235 PROSPECT AVE STRONGSVILLE OH 44149 GENERAL CONTRACTOR 304938 YOUNG WOMEN'S CHRISTIAN ASSOCIATION 4019 PROSPECT CLEVELAND OH 44103 SUPPORTIVE SERVIES 220237 9 89609 39341191 699078 25000 40129878 PROPERTY MANAGEMENT & ADMINISTRAT 531390 5150015 5150015 RENTAL INCOME 531390 1053706 1053706 OTHER PROGRAM REVENUE 900099 253139 253139 MANAGEMENT FEE 531390 15036 15036 6471896 3082 3082 -32124 32124 32124 32124 5500 89609 73946 -68446 -68446 DEBT & INTEREST FORGIVENESS 900099 874899 874899 OTHER INCOME 900099 44157 44157 919056 47487590 6471896 0 885816 2182867 2182867 29092062 29092062 671494 597630 73864 6249219 5561539 687680 198070 190109 7961 883414 807432 75982 724388 637199 87189 12880 11270 1610 46171 46171 332675 83349 249326 946623 169206 777417 179607 141786 37821 1776646 1681256 95390 15255 353 14902 21681 11339 10342 841247 817689 23558 594323 578458 15865 825228 739537 85691 198306 163824 34482 SECURITY 1129226 1129226 BAD DEBT EXPENSE 22600 22600 46943982 44664902 2279080 0 3348003 7637260 456916 671444 6565470 7334389 4391131 4621045 12682 9193 36591 72203 30846049 14087591 17220395 16758458 6086389 6086389 6067 5800 905266 2999036 39028910 46195217 892814 1695283 2159085 7980649 263961 263961 10531060 10534984 218733 218733 68569 68012 14134222 20761622 X 19229024 19972009 5665664 5461586 24894688 25433595 39028910 46195217 543608 -4701 0 X X 0 1 X 1 1 1 X 29257766 31156379 30825206 35419642 40129878 166788871 29257766 31156379 30825206 35419642 40129878 166788871 166788871 68546 12007 1879 1977 3082 87491 1050721 720614 726976 641823 919056 4059190 170935552 27838218 0.97570 0.97380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: DEBT INTEREST FORGIVEN IN ACCORDANCE WITH VARIOUS GRANT AGREEMENTS LOANS - 2019 AMOUNT: $ 818,896. 2020 AMOUNT: $ 407,775. 2021 AMOUNT: $ 443,068. 2022 AMOUNT: $ 612,134. 2023 AMOUNT: $ 874,899. MISCELLANEOUS - 2019 AMOUNT: $ 231,825. 2020 AMOUNT: $ 312,839. 2021 AMOUNT: $ 283,908. 2022 AMOUNT: $ 29,689. 2023 AMOUNT: $ 44,157. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1167029 1167029 28060892 12727196 15333696 1618128 1360395 257733 16758458 INVESTMENT IN SUBSIDIARIES 6086389 C 6086389 CUSTODIAL CASH 80594 PREDEVELOPMENT COSTS 2918442 2999036 SECURITY DEPOSITS 68012 68012 X 47640849 153259 153259 47487590 0 47487590 47118640 174658 174658 46943982 0 46943982 PART IV, LINE 2B: EDEN HAS CONTRACTED WITH THE ALCOHOL, DRUG, ADDICTION AND MENTAL HEALTH SERVICES BOARD OF CUYAHOGA COUNTY (ADAMHS) AS A GRANTEE AGENCY FOR HOUSING ASSISTANCE PROGRAM FUNDS. UNDER THIS PROGRAM EDEN RECEIVES FUNDS MONTHLY FROM THE ADAMHS BOARD AND DISBURSES AT THE DIRECTION OF ADAMHS FOR RENT SUBSIDIES AND START-UP COSTS FOR APPROVED CLIENTS. EDEN'S RESPONSIBILITY IS TO ADMINISTER THESE FUNDS AT THE DIRECTION OF ADAMHS. PART X, LINE 2: MANAGEMENT OF EDEN IS REQUIRED TO DETERMINE WHETHER A TAX POSITION, SUCH AS ITS TAX EXEMPT STATUS, IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT OF EDEN IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT A SIGNIFICANT CHANGE WILL OCCUR IN THE NEXT TWELVE MONTHS. EDEN'S FEDERAL TAX RETURNS FOR THE PRIOR THREE FISCAL YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FRANKLIN HOUSE REVENUE 79,313. FUNDRAISING EXPENSES 73,946. PART XII, LINE 2D - OTHER ADJUSTMENTS: FRANKLIN HOUSE EXPENSES 100,712. FUNDRAISING EXPENSES 73,946. EDEN HOMECOMING 2023 95109 89609 5500 25000 3960 26135 3220 15631 95109 89609 5500 25000 3960 26135 3220 15631 73946 -68446 1 MENTAL HEALTH SERVICES INC 1744 PAYNE AVENUE CLEVELAND OH 44114 341607734 501(C)(3) 1320732 0 PROVIDE SUPPORTIVE SERVICES TO CLIENTS RECEIVING RENTAL ASSITANCE. YWCA OF CLEVELAND 4019 PROSPECT AVE CLEVELAND OH 44114 340714800 501(C)(3) 233541 0 PROVIDE SUPPORTIVE SERVICES TO CLIENTS RECEIVING RENTAL ASSITANCE. FAMILY PROMISE OF GREATER CLEVELAND 3470 EAST 152ND STREET CLEVELAND OH 44120 341598710 501(C)(3) 90929 0 PROVIDE SUPPORTIVE SERVICES TO CLIENTS RECEIVING RENTAL ASSITANCE. UNIVERSITY SETTLEMENT 4800 BROADWAY AVENUE CLEVELAND OH 44127 340714776 501(C)(3) 56112 0 PROVIDE SUPPORTIVE SERVICES TO CLIENTS RECEIVING RENTAL ASSITANCE. JOURNEY CENTER PO BOX 5466 CLEVELAND OH 44101 341278377 501(C)(3) 115164 0 PROVIDE SUPPORTIVE SERVICES TO CLIENTS RECEIVING RENTAL ASSITANCE. CLEVELAND RAPE CRISIS CENTER PO BOX 933431 CLEVELAND OH 44193 510164315 501(C)(3) 30717 0 PROVIDE SUPPORTIVE SERVICES TO CLIENTS RECEIVING RENTAL ASSITANCE. JEWISH FAMILY SERVICES 29125 CHAGRIN BLVD PEPPER PIKE OH 44122 340714441 501(C)(3) 67349 0 PROVIDE SUPPORTIVE SERVICES TO CLIENTS RECEIVING RENTAL ASSITANCE. 7 0 HOUSING SUBSIDIES 9189 29092062 PART I, LINE 2: INVOICES RECEIVED FROM SUB-RECIPIENTS ARE CAREFULLY REVIEWED TO ENSURE THAT APPROPRIATE DOCUMENTATION IS INCLUDED WITH THE INVOICE, THE COSTS ARE ALLOWABLE UNDER THE CONTRACT, AND THAT IT HAS BEEN APPROPRIATELY APPROVED. X X X 0 0 0 0 0 0 0 0 0 ELAINE GIMMEL EXECUTIVE DIRECTOR 192626 0 0 0 0 0 9574 0 9626 0 211826 0 0 0 SHARON PARKS CHIEF FINANCIAL OFFICER 146864 0 0 0 0 0 7279 0 9497 0 163640 0 0 0 EMMA PETRIE BARCELONA CHIEF OPERATING OFFICER 144002 0 0 0 0 0 7172 0 162 0 151336 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE APPROVES THE 990 AT ITS MONTHLY MEETING. THE CFO THEN SENDS THE FULL BOARD OF DIRECTORS A COPY WITH A ONE WEEK REVIEW PERIOD BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. THE POLICY IS REVIEWED AND EACH BOARD MEMBER COMPLETES A DISCLOSURE FORM. THE COMPLETED FORMS ARE REVIEWED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE BOARD COMPLETES AN ANNUAL REVIEW AND COLLECTS EVIDENCE OF SALARIES FOR SIMILAR POSITIONS FROM OTHER LOCAL NONPROFITS FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER LISTED OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 9830 DENISON AVENUE LLC 7812 MADISON AVENUE CLEVELAND OH 44102 383721038 RENTAL OH 123777 312633 EMERALD DEVELOPMENT AND ECONOMIC NETWORK 1970 WEST 77TH STREET LLC 7812 MADISON AVENUE CLEVELAND OH 44102 300296715 PARKING OH 0 0 EMERALD DEVELOPMENT AND ECONOMIC NETWORK 2219-27 PAYNE AVENUE LLC 7812 MADISON AVENUE CLEVELAND OH 44102 331144740 RENTAL OH 496594 2262903 EMERALD DEVELOPMENT AND ECONOMIC NETWORK NORTHRIDGE COMMONS LLC 7812 MADISON AVENUE CLEVELAND OH 44102 520789306 RENTAL OH 503935 1411604 EMERALD DEVELOPMENT AND ECONOMIC NETWORK EMERALD PROPERTY MANAGEMENT NETWORK LLC 7812 MADISON AVENUE CLEVELAND OH 44102 331144740 RENTAL OH 0 0 EMERALD DEVELOPMENT AND ECONOMIC NETWORK 8200-8300 FRANKLIN BLVD 7812 MADISON AVENUE CLEVELAND OH 44102 460946885 RENTAL OH 501(C)(3) LINE 7 EMERALD DEVELOPMENT AND ECONOMIC NETWORK 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0