2025-11-04T16:08:05-06:00 2024-12-31 363168081 SIKICH LLC 4020 KINROSS LAKES PARKWAY SUITE 300 RICHFIELD OH 44286 990 2024-01-01 812680851 THE WELL COMMUNITY DEVELOPMENT CORPORATION WELL 3308151062 647 E MARKET STREET AKRON OH 44304 ZACHARY KOHL EXECUTIVE DIRECTOR 3308151062 2025-11-01 1 1 JILL M BOYLE CPA P01246734 3308646661 2025-10-27 2024 2025-03-06 01:10:19Z ZACHARY KOHL 647 E MARKET STREET AKRON OH 44304 6910264 0 X THEWELLAKRON.COM X 2016 OH THE WELL CDC INVESTS IN PEOPLE THROUGH THE BUILT ENVIRONMENT. 13 12 42 345 0 0 4295878 5305588 738087 868584 -453 -124142 89453 162131 5122965 6212161 0 0 0 0 1015075 1135509 0 0 213048 1501320 1675011 2516395 2810520 2606570 3401641 10620209 13876989 2894046 2754422 7726163 11122567 X THE WELL CDC INVESTS IN PEOPLE THROUGH THE BUILT ENVIRONMENT. 0 0 1125947 857343 RESTORING HOUSING: NEARLY A FOURTH OF ALL HOMES IN MIDDLEBURY ARE VACANT; ONLY 30% OF HOMES ARE OWNER OCCUPIED, COMPARED TO A HEALTHY HOME OWNERSHIP RATE OF 60-70%; AND MORE THAN HALF OF RESIDENTS PAY 30% OR MORE OF THEIR INCOME ON HOUSING COSTS, OFTEN FOR SUBSTANDARD CONDITIONS.THE WELL CDC'S RESTORING HOUSING INITIATIVE IS FOCUSED ON DEVELOPING A HEALTHY HOUSING PIPELINE THAT PROVIDES RESIDENTS WITH THE POWER TO CHOOSE THE TYPE OF HOUSING THAT FITS THEIR CURRENT CONTEXT AND FUTURE ASPIRATIONS. THE WELL'S GOAL IS TO SUPPORT THE ENTIRE SPECTRUM OF HOUSING NEEDS WITHIN THE COMMUNITY INCLUDING BOTH THE RENOVATION OF EXISTING HOUSING AND "MISSING MIDDLE" NEWLY CONSTRUCTED HOUSING (DUPLEXES, TRIPLEXES, QUADS).THE ORGANIZATION INTENDS TO INFLUENCE THE HOUSING MARKET AND MAINTAIN HOUSING AFFORDABILITY BY OWNING 15% OF ALL NEIGHBORHOOD RENTALS BY 2032, BY ACQUIRING 270 EXISTING HOUSES AND BUILDING 125 NEW UNITS. CURRENTLY, THE WELL OWNS 117 PROPERTIES AND HAS COMPLETED OR IS IN THE PROCESS OF CONSTRUCTING 3 DUPLEXES.TO ENABLE A PATHWAY TO HOMEOWNERSHIP, THE WELL CDC DELIVERS HOLISTIC PROGRAMS AND SERVICES THAT PROMOTE RESIDENT STABILITY THROUGH RESPONSIBLE TENANCY, WORKFORCE DEVELOPMENT, LOCAL SCHOOL SUPPORT AND SUPPORT FOR MENTAL HEALTH AND WELLNESS. 929876 0 CREATING ECONOMY:FEWER THAN 1% OF RESIDENTS BOTH LIVE AND WORK IN THE NEIGHBORHOOD WHILE EMPLOYERS IN MIDDLEBURY HAVE THOUSANDS OF UNFILLED JOBS AND THE AREA'S UNEMPLOYMENT RATE IS CONSISTENTLY DOUBLE THAT OF GREATER AKRON. IN ADDITION, THERE ARE FEW SPACES OR INCENTIVES FOR ENTREPRENEURS TO ESTABLISH NEW BUSINESSES THAT COULD INCREASE COMMERCE AND JOB CREATION IN MIDDLEBURY.TO COMBAT THIS REALITY, THE WELL'S CREATING ECONOMY INITIATIVE AIMS TO BRIDGE THE GAP BETWEEN THE JOB SKILLS OF RESIDENTS AND THE NEEDS OF LOCAL EMPLOYERS, ENCOURAGE THE ADAPTIVE REUSE OF OUR CURRENT ASSETS TO SUPPORT ENTREPRENEURSHIP, AND ENGAGE WITH ANCHOR INSTITUTIONS. THE WELL CDC OFFERS SEVERAL PROGRAMS TO SUPPORT THIS INITIATIVE:- AKRON FOOD WORKS (AFW) SUPPORTS FOOD ENTREPRENEURSHIP BY HELPING ENTREPRENEURS CREATE, INCUBATE, AND ELEVATE THEIR FOOD BUSINESSES. AFW REMOVES BARRIERS TO THOSE WISHING TO ENTER THE FOOD SECTOR BY OFFERING A LICENSED PHYSICAL SPACE FOR FOOD PREPARATION WITH COMMERCIAL GRADE EQUIPMENT, ON-SITE TRAINING AND TECHNICAL ASSISTANCE, AND BY CONNECTING ENTREPRENEURS TO SALES OPPORTUNITIES TO GROW THEIR BUSINESS. THE WELL CAN ALSO OFFER AFW BUSINESSES OPPORTUNITIES TO LEASE AFFORDABLE QUALITY SPACES WITHIN OUR COMMERCIAL DEVELOPMENT PROJECTS.- 647 COFFEE OPERATES AS A SUCCESSFUL SOCIAL ENTERPRISE, WITH THE COFFEE SHOP CREATING A SENSE OF PLACE FOR NEIGHBORS AND SERVING AS THE FRONT PORCH TO THE WELL CDC AND THE MIDDLEBURY NEIGHBORHOOD. PROFITS ARE RETURNED TO THE NEIGHBORHOOD BY SUPPORTING THE WELL'S COMMUNITY DEVELOPMENT PROGRAMMING.- CAREER DEVELOPMENT IS A PARTNERSHIP OF 20+ COMMUNITY-BASED ORGANIZATIONS AND EMPLOYERS THAT DELIVER A COLLABORATIVE, TRAUMA INFORMED APPROACH TO WORKFORCE DEVELOPMENT THAT REMOVES BARRIERS TO QUALITY, LIVING WAGE JOBS. THE PROGRAM SUPPORTS UPWARD ECONOMIC MOBILITY AND FINANCIAL RESILIENCY FOR WOMEN WHO HAVE NOT HAD THE RESOURCES TO PURSUE AN EDUCATION OR CAREER INCLUDING THOSE WITHOUT HIGH SCHOOL DIPLOMAS OR WHO HAVE CRIMINAL BACKGROUNDS.- COMMERCIAL REDEVELOPMENT OF EXISTING, OFTEN BLIGHTED, SPACES IN MIDDLEBURY BY THE WELL PRESERVE THE BONES OF THE NEIGHBORHOOD WHILE CREATING ENTREPRENEURIAL AND EMPLOYMENT OPPORTUNITIES WITHIN THOSE SPACES. DEVELOPMENT PROJECTS CURRENTLY INCLUDE 647 E MARKET ST, 221 BEAVER ST, 911-917 E. MARKET ST, AND 816 E MARKET ST AS OF 2024, THE WELL CDC HAD SUPPORTED OVER 150 AKRON FOOD WORKS KITCHEN USERS, ENGAGED 238 WOMEN FROM THE CAREER DEVELOPMENT PROGRAM WITH GRADUATION RATES RECENTLY EXCEEDING 80%, AND CONTINUED SERVING AS A SOURCE FOR ENTREPRENEURIAL OPPORTUNITIES, ECONOMIC MOBILITY, AND SOCIAL COHESION THROUGH 647 COFFEE, UPGRADED COMMERCIAL SPACES, AND SCHOOL AND COMMUNITY-BASED PROGRAMMING. 318667 0 SUPPORTING PLACE:MASON CLC, THE PREK-5TH GRADE ELEMENTARY SCHOOL SERVING MIDDLEBURY, HAS A 50+% STUDENT MOBILITY RATE. TO COMBAT THIS REALITY, THE WELL CDC SEEKS TO DEVELOP DEEPER SOCIAL COHESION WITHIN MIDDLEBURY, NOT ONLY TO DECREASE THE TRANSIENCY RATE, BUT TO CONNECT PEOPLE TO THE PLACE THEY LIVE AND TO EACH OTHER THROUGH THE BUILT ENVIRONMENT. THE WELL'S AKRON HOPE PROGRAM BUILDS RELATIONSHIPS AND INVESTS RESOURCES IN STUDENTS, FAMILIES, AND TEACHERS TO INCREASE ENGAGEMENT AND FAMILY STABILITY IN A PLACE WHERE THE COMMUNITY NATURALLY GATHERS. AKRON HOPE PARTNERS WITH MASON CLC TO PROVIDE CLASSROOM TUTORING, COMMUNITY CONNECTIONS, AND HOLIDAY OUTREACH EVENTS.IN 2024, THE WELL CDC HELD 10 COMMUNITY CONNECTION EVENTS AND SUPPORTED OVER 700 STUDENTS THROUGH PROGRAMS AT MASON CLC AS WELL AS HELEN ARNOLD CLC, A SIMILARLY SITUATED SCHOOL IN AKRON'S INNER CORE, AND ALSO HOSTED 2 LARGE SCALE NEIGHBORHOOD WIDE FAMILY FRIENDLY EVENTS. 153337 OTHER PROGRAM SERVICES - OPERATIONS 153337 2374490 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 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 96 0 42 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 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 137569 0 15516 TRACY CARTER CHAIRPERSON 1.00 X X 0 0 0 DAVID GRIFFING VICE CHAIR 1.00 X X 0 0 0 MICHELLE DE LA ISLA THRU 0224 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 KIRSTEN LINO BOARD MEMBER 0.50 X 0 0 0 ANN DURR BOARD MEMBER 0.50 X 0 0 0 DAVID H MAYNARD SENIOR FINANCE AND OPERATIONS DIRECTOR 40.00 X 103997 0 6425 241566 0 21941 2 0 1 0 RJ CONSTRUCTION AND HANDYMAN SERVICES 1602 SEMINOLA AVE AKRON OH 44305 CONSTRUCTION 405266 CURTISS CREW CONSTRUCTION 2170 KRUMROY RD AKRON OH 44312 CONSTRUCTION 159430 FERTIG CONSTRUCTION 1862 MERRILL RD KENT OH 44240 CONSTRUCTION 121407 3 68393 1807008 3430187 86600 5305588 RESTORING HOUSING 531110 857343 857343 MISCELLANEOUS 900099 8391 8391 CONSULTING FEES 900099 2850 2850 868584 35259 35259 4786 436351 4835 595703 -49 -159352 -159401 -159401 36827 68393 28126 8701 8701 211535 69439 142096 142096 MISCELLANEOUS 900099 11334 11334 11334 6212161 1010680 0 -104107 153085 81087 28844 43154 832229 700155 55631 76443 53379 47164 2774 3441 96816 81159 6554 9103 107795 20852 34948 51995 60783 32465 17112 11206 27917 14990 10827 2100 105858 103921 833 1104 8112 4833 2901 378 102482 102454 28 230730 230643 87 133898 123573 8442 1883 COMMUNITY EVENTS 361047 361047 REPAIRS 282772 282772 LICENSE 108660 99913 3569 5178 MISC. EXPENSE 69300 57486 6896 4918 75657 29976 43536 2145 2810520 2374490 222982 213048 1937624 1517510 220 2318 511980 939598 69021 23862 2065 55401 11044554 774915 8040207 10269639 1006095 59092 62566 10620209 13876989 73885 106090 2451015 2333005 369146 315327 2894046 2754422 X 4890372 7205008 2835791 3917559 7726163 11122567 10620209 13876989 3401641 -5237 0 X 0 1 X 1 0 X 1691026 2068530 1811403 4295878 5237195 15104032 1691026 2068530 1811403 4295878 5237195 15104032 2250351 12853681 12506 35259 47765 17976 12495 8701 39172 29534 11334 40868 15231837 3695594 0.84390 0.71570 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2023 AMOUNT: $ 29,534. 2024 AMOUNT: $ 11,334. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 919709 919709 6359109 378465 5980644 1803611 256726 1546885 145939 111341 34598 1816186 28383 1787803 10269639 SECURITY DEPOSITS HELD 51712 REFUNDABLE ADVANCE - PPP 263615 315327 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 2021 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. TASTE OF MIDDLEBURY 105220 68393 36827 2554 1000 10652 7025 6895 105220 68393 36827 2554 1000 10652 7025 6895 28126 8701 0 0 0 0 0 0 0 0 0 ZACHARY KOHL EXECUTIVE DIRECTOR 137569 0 0 0 0 0 0 0 15516 0 153085 0 0 0 X SUPPLIES 1263 86600 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 2941186 9610712 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 288617 1028098 THE WELL COMMUNITY DEVELOPMENT CORPORATION