Euclid Development Corp

Analysis

Euclid Development Corp is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Euclid Development Corp reported income of $200k and spending of $181k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $200k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Euclid Development Corp sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Mountclef Community Association ($200k), Pathway Home Foundation Inc ($200k) and Montgomery Supported Housing Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $55k (31% of expenses). At year end it held assets of $2.9m against liabilities of $4,311, net assets of $2.9m. It reported 4 employees.