2024-11-15T07:33:39-06:00 2023-12-31 363168081 SIKICH LLC 4020 KINROSS LAKES PARKWAY SUITE 300 RICHFIELD OH 44286 990 2023-01-01 812680851 THE WELL COMMUNITY DEVELOPMENT CORPORATION WELL 3308151062 647 E MARKET STREET AKRON OH 44304 ZACHARY KOHL EXECUTIVE DIRECTOR 3308151062 2024-11-12 1 0 JILL M BOYLE CPA P01246734 3308646661 2024-11-12 2023 2024-10-15 13:58:12Z ZACHARY KOHL 647 E MARKET STREET AKRON OH 44304 5512664 0 X THEWELLAKRON.COM X 2016 OH THE WELL CDC INVESTS IN PEOPLE THROUGH THE BUILT ENVIRONMENT. 15 14 41 630 0 0 1811403 4295878 593592 738087 10076 -453 56492 89453 2471563 5122965 0 0 0 0 772840 1015075 0 0 188798 995935 1501320 1768775 2516395 702788 2606570 7736422 10620209 2616829 2894046 5119593 7726163 X THE WELL CDC INVESTS IN PEOPLE THROUGH THE BUILT ENVIRONMENT. 0 0 981188 656824 RESTORING HOUSING: VACANCIES ACCOUNT FOR NEARLY A FOURTH (21.9%) OF ALL HOMES IN THE NEIGHBORHOOD. ONLY 30% OF MIDDLEBURY HOMES ARE OWNER OCCUPIED, WHEREAS A HEALTHY HOUSING MAKET DISPLAYS A 60-70% HOME OWNERSHIP RATE. THE WELL CDC'S RESTORING HOUSING INITIATIVE FOCUSES ON DEVELOPING A HEALTHY HOUSING PIPELINE THAT PROVIDES RESIDENTS THE POWER TO CHOOSE THE TYPE OF HOUSING THAT FITS THEIR CURRENT CONTECT AND FUTURE ASPIRATIONS. THE WELL CDC'S GOAL IS TO SUPPORT THE WHOLE SPECTRUM OF HOUSING NEEDS WITHIN THE MIDDLEBURY COMMUNITY INCLUDING BOTH REHABS AND ""MISSING MIDDLE"" HOUSING (DUPLEXES, TRIPLEXES, QUADS). THE WELL SEEKS TO MAINTAIN LONG TERM AFFORDABILITY AND INFLUENCE THE HOUSING MARKET BY OWNING 15% OF RENTALS IN THE NEIGHBORHOOD. THE WELL PLANS TO ACQUIRE 270 HOUSES OVER THE NEXT 10 YEARS AND REHAB THEM IN ADDITION TO BUILDING 125 NEW BUILD UNITS. CURRENTLY THE WELL CURRENTLY OWNS 91 PROPERTIES AND, IN 2023, IDENTIFIED AND WORKED ON SITE PLANS FOR THE NEXT ROUND OF NEW BUILD DUPLEXES. THE WELL ALSO SUBMITTED FOR FUNDING THAT WILL GO TOWARDS BUILDING TWO NEW DUPLEXES IN 2025. TO ENABLE A PATHWAY TO HOMEOWNERSHIP, THE WELL CDC HAS CREATED A RESIDENT SERVICES DEPARTMENT THAT CREATES HOLISTIC SERVICES THAT ENCOURAGE RESIDENT STABILITY THROUGH PROPERTY MANAGEMENT, WORKFORCE DEVELOPMENT, LOCAL SCHOOL SUPPORT AND MENTAL HEALTH SERVICES. IN ADDITION, THE WELL CDC HAS AN ACCESSIBLE COMMUNITY TOOL LIBRARY AND HOME MAINTENANCE CLASSES TO INCREASE HOMEOWNERSHIP SKILLS. THESE COMBINED EFFORTS ARE TO INCREASE HOMEOWNERSHIP FROM 22% TO 78% IN THE MIDDLEBURY NEIGHBORHOOD. 693944 62428 CREATING ECONOMY:LESS THAN 1% OF MIDDLEBURY RESIDENTS LIVE AND WORK INSIDE THE NEIGHBORHOOD WHILE 11,000+ JOBS EXIST AT LOCAL BUSINESSES THIN THE COMMUNITY. THE MIDDLEBURY COMMUNITY HAS A 10.3% UNEMPLOYMENT RATE, MORE THAN DOUBLE THE RATES OF GREATER AKRON AND SUMMIT COUNTY. TO COMBAT THIS REALITY, OUR CREATING ECONOMY INITIATIVE ENCOURAGES THE ADAPTIVE REUSE OF OUR CURRENT ASSETS TO SUPPORT ENTREPRENEURSHIP, CAREER PATHWAYS, AND ENGAGEMENT WITH ANCHOR INSTITUTIONS. THE WELL CDC HAS ADOPTED THE FOLLOWING PROGRAMS AND FOCUSES TO AID IN THIS: AKRON FOOD WORKS, 647 COFFEE, CAREER DEVELOPMENT, AND MIDDLEBURY COMMERCIAL REDEVELOPMENT.AKRON FOOD WORKS PROMOTES FOOD ENTREPRENEURSHIP IN MIDDLEBURY AND THE GREATER AKRON AREA BY HELPING ENTREPRENEURS CREATE, INCUBTE, AND ELEVATE THEIR BUSINESS. WE WORK WITH FOOD ENTREPRENEURS OF ALL STAGES BY POVIDING A LOW-RISK LICNESED PHYSICAL SPACE ALONG WITH TRAINING AND TECHNICAL ASSISTANCE, LEVERAGING RECOURCES TO HELP REMOVE BARRIERS, AND CONNECTING ENTREPRENEURS TO SALES OPPORTUNITIES TO GROW THEIR BUSINESS.647 COFFEE SEEKS TO OPERATE AS A SUCCESSFUL SOCIAL ENTERPRISE CREATING A SENSE OF PLACE FOR NEIGHBORS AND SERVING AS THE FRONT PORCH TO THE WELL CDC AND THE GREATER MIDDLEBURY NEIGHBORHOOD. SALES HAVE FINALLY REACHED, AND EXCEEDED, PRE-PANDEMIC LEVELS.CAREER DEVELOPMENT IS A PARTNERSHIP OF LOCAL COMMUNITY ORGANIZATIONS THAT CREATE A COLLABORATIVE, TRAUMA INFORMED, AND HOLISTIC APPROACH TO WORKFORCE DEVELOPMENT THAT REMOVES BARRIERS TO QUALITY, LIVING WAGE CAREERS. THIS SUPPORTS UPWARD ECONOMIC MOBILITY AND FINANCIAL RESILIENCY IN THE MIDDLEBURY NEIGHBORHOOD AND THE GREATER AKRON AREA. THE PROGRAM OFFERS TWO CAREER TRACKS, CUSTOMER SERVICE AND MANUFACTURING.LASTLY, TO PRESERVE THE BONES OF THE MIDDLEBURY NEIGHBORHOOD, THE WELL CDC FOCUSES ON COMMERCIAL REDEVELOPMENT TO BOTH REPURPOSE ALREADY EXISITING SPACES AND EXPLORE WAYS TO CREATE ENTREPRENEURIAL OPPORTUNITIES WITHIN THOSE SPACES. THE FACILITIES AT 647 E MARKET ST, 221 BEAVER ST, AND 816 E MARTKET ST ARE INCLUDED IN THE WELL CDC'S REDEVELOPMENT EFFORTS.THE LONG-TERM GOAL OF THE WELL'S CREATING ECONOMY INITIATIVE IS TO DECREASE THE UNEMPLYMENT RATE FROM 10% TO 5%. TO DATE, THE WELL CDC HAS ENGAGED 143 AKRON FOOD WORKS KITCHEN USERS, HOSTED 27 CAREER DEVELOPMENT COHORTS SINCE ITS CREATION IN 2020, AND CONTINUED SERVING AS A SOURCE FOR ENTREPRENEURIAL OPPORTUNITIES AND ECONOMIC MOBILITY TYHROUGH 647 COFFEE, FACILITIES, AND PROGRAMMING. 386328 SUPPORTING PLACE:MASON CLC, THE K-6 ELEMENTARY SCHOOL LOCATED IN THE MIDDLEBURY NEIGHBORHOOD, HAS A 63% STUDENT MOBILITY RATE. TO COMBAT THIS REALITY, THE WELL CDC SEEKS TO DEVELOP DEEPER SOCIAL COHESION WITHIN MIDDLEBURY TO NOT ONLY DECREASE THE STUDENT TRANSIENCY RATE, BUT TO CONNECT PEOPLE TO THE PLACE THEY LIVE AND EACH OTHER THROUGH THE BUILT ENVIRONMENT. THE AKRON HOPE PROGRAM BUILDS RELATIONSHIPS AND INVESTS RESOURCES INTO STUDENTS, FAMILIES, AND TEACHERS TO INCREASE ENGAGEMENT AND FAMILY STABILITY, CREATING ACCESS TI QUALITY HOMES AND LIVABLE WAGES. AKRON HOPE PARTNERS WITH MASON CLCAND HELEN ARNOLD CLC TO PROVIDE CLASSROOM TUTORING, COMMUNITY CONNECTION EVENTS, AND HOLIDAY OUTREACH EVENTS.DURING 2023, THE WELL CDC HAS HELD 13 COMMUNITY CONNECTION EVENTS AND SUPPORTED 500 STUDENTS THROUGH ADOPT-A-CLASSROOM. 122000 OTHER PROGRAM SERVICES - OPERATIONS 122000 2061460 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 71 0 41 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OH X X ZACHARY KOHL 3308151062 647 EAST MARKET STREET AKRON OH 44304 ZACHARY KOHL EXECUTIVE DIRECTOR 40.00 X X 114057 0 8203 ANN DURR CHAIRPERSON 1.00 X X 0 0 0 DAVID GRIFFING SECRETARY 1.00 X X 0 0 0 ALLAN HILL THRU 0623 TREASURER 1.00 X X 0 0 0 TRACY CARTER VICE CHAIR 1.00 X X 0 0 0 MICHELLE DE LA ISLA BOARD MEMBER 0.50 X 0 0 0 DAVID H MAYNARD THRU 0523 BOARD MEMBER 0.50 X 0 0 0 JAMES TALBERT BOARD MEMBER 0.50 X 0 0 0 DAMEON JACKSON BOARD MEMBER 0.50 X 0 0 0 SUE LACY BOARD MEMBER 0.50 X 0 0 0 NATE OLLISH BOARD MEMBER 0.50 X 0 0 0 DAN ROBERSON BOARD MEMBER 0.50 X 0 0 0 RACHEL BRIDENSTINE BOARD MEMBER 0.50 X 0 0 0 ALLAN HILL BOARD MEMBER 0.50 X 0 0 0 RENEE KOCHIS BOARD MEMBER 0.50 X 0 0 0 CRAIG MELNICK BOARD MEMBER 0.50 X 0 0 0 JOHN REYES BOARD MEMBER 0.50 X 0 0 0 114057 0 8203 1 0 0 0 RJ CONSTRUCTION AND HANDYMAN SERVICES 1602 SEMINOLA AVE AKRON OH 44305 CONSTRUCTION 134696 WALLACE CONSTRUCTION & REMODELING LLC 2958 PRESLLER RD UNIONTOWN OH 44685 CONSTRUCTION 127853 2 90812 805361 3399705 39140 4295878 RESTORING HOUSING 531110 656824 656824 CREATING ECONOMY 531390 62428 62428 MISCELLANEOUS 900099 9250 9250 OPERATIONS 909999 7727 7727 LIBRARY 900099 1183 1183 675 675 738087 12506 12506 260706 273665 -12959 -12959 -12959 10800 90812 54046 -43246 -43246 165153 61988 103165 103165 MISCELLANEOUS 900099 29534 29534 29534 5122965 841252 0 -14165 122260 87160 16858 18242 769890 548858 106161 114871 42711 31037 6295 5379 80214 60649 9278 10287 87732 37867 24346 25519 44822 14582 27210 3030 16665 8553 8043 69 89629 86598 1903 1128 18066 10713 6728 625 114021 113282 739 193736 190584 3152 121173 118391 1267 1515 COMMUNITY EVENTS 240422 240422 0 0 SUBCONTRACTOR SERVICES 225659 225659 0 0 REPAIRS 151247 151086 161 0 LICENSE 98801 87606 5006 6189 99347 48413 48990 1944 2516395 2061460 266137 188798 725161 1937624 220 18072 511980 61301 69021 7271 2065 8609540 569333 6360267 8040207 564350 59092 7736422 10620209 119134 73885 2419419 2451015 78276 369146 2616829 2894046 X 4203778 4890372 915815 2835791 5119593 7726163 7736422 10620209 2606570 0 X 0 1 X 1 0 X 1686659 1691026 2068530 1811403 4295878 11553496 1686659 1691026 2068530 1811403 4295878 11553496 3221084 8332412 12506 12506 16318 17976 12495 46789 29534 29534 11642325 3003062 0.71570 0.59280 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2023 AMOUNT: $ 29,534. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 920088 920088 4482295 246705 4235590 1210887 208137 1002750 140939 95649 45290 1855331 18842 1836489 8040207 SECURITY DEPOSITS HELD 41416 REFUNDABLE ADVANCE - PPP 327730 369146 X PART X, LINE 2: THE CDC, MIDDLEBURY, AND E. MARKET ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE CURRENT PROVISIONS OF THE INTERNAL REVENUE CODE SECTION 501(C)(3). THEREFORE, NO PROVISIONS FOR FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE CDC, MIDDLEBURY, AND E. MARKET ARE NOT CLASSIFIED AS PRIVATE FOUNDATIONS. THE ORGANIZATION FOLLOWS GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ON ACCOUNTING FOR INCOME TAXES, AND HAS EVALUATED ITS TAX POSITIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS, AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY TO COVER UNCERTAIN TAX POSITIONS. THE ORGANIZATIONS' RETURNS FOR TAX YEARS 2020 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. GOODYEAR EVENT 101612 90812 10800 1200 14887 37959 101612 90812 10800 1200 14887 37959 54046 -43246 X SUPPLIES 642 39140 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S ACCOUNTING FIRM PREPARES THE FORM 990. THE FORM 990 IS REVIEWED AND DISTRIBUTED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY IS MONITORED ANNUALLY BY SIGNING. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. MIDDLEBURY HOUSING LLC 647 E MARKET STREET AKRON OH 44304 824967849 PURCHASING, REHABBING, LEASING, SELLING PROPERTY OH 2919496 7779062 THE WELL COMMUNITY DEVELOPMENT CORPORATION 913-917 E MARKET 647 E MARKET STREET AKRON OH 44304 853240367 TO ENGAGE IN COMMUNITY DEVELOPMENT THROUGH HOUSING REHABILITATION AND DEVELO OH 247406 780687 THE WELL COMMUNITY DEVELOPMENT CORPORATION