Nonprofit · EIN 34-1249931
PLAYHOUSE SQUARE DEVELOPMENT CORPORATION
Tax-exempt · CLEVELAND, OH 44115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $0 | $1,378,954 | -$1,378,954 | $583,973 | $16,879,695 | -$16,295,722 |
| June 30, 2024 | 990 | $0 | $486,367 | -$486,367 | $674,251 | $15,591,019 | -$14,916,768 |
| June 30, 2023 | 990 | $0 | $637,751 | -$637,751 | $655,431 | $15,085,832 | -$14,430,401 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $90,278
Balance sheet and other
- Total assets, start of year
- $674,251
- Total assets, end of year
- $583,973
- Total liabilities, end of year
- $16,879,695
- Net assets, end of year
- -$16,295,722
- Land, buildings and equipment
- $583,973
- Net assets without donor restrictions
- -$16,295,722
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1978
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Patricia Gaul | Treasurer Trustee or director, Officer | 5 | $0 | $548,686 | $37,983 |
| Art J Falco | President Trustee or director, Officer | 5 | $0 | $109,423 | $8,976 |
990 for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Patricia Gaul | Treasurer Trustee or director, Officer | 5 | $0 | $584,180 | $35,389 |
| Art J Falco | President Trustee or director, Officer | 5 | $0 | $175,909 | $13,778 |
990 for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Patricia Gaul | Treasurer Trustee or director, Officer | 5 | $0 | $561,553 | $33,014 |
| Art J Falco | President Trustee or director, Officer | 5 | $0 | $222,954 | $16,803 |
Address and contacts
- Address (IRS master file)
- 1501 EUCLID AVE STE 200, CLEVELAND, OH 44115-2108
- In care of
- % LAURA SMITH
- Principal officer (990 for 2024)
- Laura Smith, 1501 Euclid Avenue 200, Cleveland, OH 441152197
- Signed the 990
- Laura Smith, COO
- Phone
- (216) 771-4444
- Return prepared by
- RSM US LLP
Mission
The corporation holds title to real property, collects rent, and performs other support services for its parent, Playhouse Square Foundation, a Section 501(c)(3) organization.
Program accomplishments
- The corporation holds title to real property, collects rent, and performs other support services for its parent, Playhouse Square Foundation, a Section 501(c)(3) organization.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1249931
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $583,973
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $0 | $1,378,954 | $583,973 | IRS |
| 990 | June 2024 | $0 | $486,367 | $674,251 | XML |
| 990 | June 2023 | $0 | $637,751 | $655,431 | XML |
| 990 | June 2022 | $0 | $794,266 | $748,523 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1249931).
Questions about PLAYHOUSE SQUARE DEVELOPMENT CORPORATION
- What is the EIN of PLAYHOUSE SQUARE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PLAYHOUSE SQUARE DEVELOPMENT CORPORATION is 34-1249931.
- Is PLAYHOUSE SQUARE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1989.
- Are donations to PLAYHOUSE SQUARE DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PLAYHOUSE SQUARE DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PLAYHOUSE SQUARE DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PLAYHOUSE SQUARE DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PLAYHOUSE SQUARE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names Laura Smith.
- Who are the officers and directors of PLAYHOUSE SQUARE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does PLAYHOUSE SQUARE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $0, expenses of $1,378,954 and total assets of $583,973 at year end.
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