2026-09-14T11:41:26-04:00 2025-12-31 CRUM & COMPANY 1640 AKRON PENINSULA RD STE 102 AKRON OH 44313 990 2025-01-01 341719633 COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS COMM 3309718137 2310 2ND STREET CUYAHOGA FALLS OH 44221 MARY SPAUGY VICE PRESIDENT 3309718137 2026-09-01 true KEVIN K CRUM P00255436 3308671222 2026-08-20 2025 DON WALTERS 2310 2ND STREET CUYAHOGA FALLS OH 44221 41718 false X X 1970 OH THE COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS WAS FORMED IN JULY 1970 AND INCORPORATED AS A CORPORATION NOT-FOR-PROFIT UNDER TITLE XVII, CHAPTERS 1702 AND 1724 OF THE OHIO REVISED CODE. THE STATED PURPOSE OF THE CORPORATION IS TO ADVANCE, ENCOURAGE, AND PROMOTE THE INDUSTRIAL, COMMERCIAL, CIVIC, AND ECONOMIC DEVELOPMENT OF THE CITY OF CUYAHOGA FALLS, OHIO UNDER APPLICABLE SECTIONS OF THE OHIO REVISED CODE. THE CORPORATION PROVIDES "GAP" FINANCIAL ASSISTANCE TO ELIGIBLE BUSINESSES IN THE CITY OF CUYAHOGA FALLS. FINANCIAL ASSISTANCE IS PROVIDED TO FOR- PROFIT ORGANIZATIONS THAT ARE INELIGIBLE FOR FINANCING THROUGH TRADITIONAL LENDING INSTITUTIONS. THE CIC FINANCING WILL NOT EXCEED 30% OF THE ORGANIZATION'S TOTAL PROJECT EXPENSES. THE FUNDING IS USED FOR THE PURCHASE OF EQUIPMENT AND/OR ASSETS FOR THE BUSINESS. ASSISTANCE IS PROVIDED IN INCREMENTS BETWEEN 50,000-100,000, DEPENDING ON THE NEEDS OF THE BUSINESS. PAYMENTS ARE DEFERRED FOR THE FIRST YEAR OF FINANCING AND THEN AMORTI 10 3 0 10 0 398130 12000 0 40347 29552 1750 166 440227 41718 55000 0 0 0 0 151640 20394 151640 75394 288587 -33676 2193953 2102044 58233 0 2135720 2102044 X THE COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS WAS FORMED IN JULY 1970 AND INCORPORATED AS A CORPORATION NOT-FOR-PROFIT UNDER TITLE XVII, CHAPTERS 1702 AND 1724 OF THE OHIO REVISED CODE. THE STATED PURPOSE OF THE CORPORATION IS TO ADVANCE, ENCOURAGE, AND PROMOTE THE INDUSTRIAL, COMMERCIAL, CIVIC, AND ECONOMIC DEVELOPMENT OF THE CITY OF CUYAHOGA FALLS, OHIO UNDER APPLICABLE SECTIONS OF THE OHIO REVISED CODE. THE CORPORATION PROVIDES "GAP" FINANCIAL ASSISTANCE TO ELIGIBLE BUSINESSES IN THE CITY OF CUYAHOGA FALLS. FINANCIAL ASSISTANCE IS PROVIDED TO FOR- PROFIT ORGANIZATIONS THAT ARE INELIGIBLE FOR FINANCING THROUGH TRADITIONAL LENDING INSTITUTIONS. THE CIC FINANCING WILL NOT EXCEED 30% OF THE ORGANIZATION'S TOTAL PROJECT EXPENSES. THE FUNDING IS USED FOR THE PURCHASE OF EQUIPMENT AND/OR ASSETS FOR THE BUSINESS. ASSISTANCE IS PROVIDED IN INCREMENTS BETWEEN 50,000-100,000, DEPENDING ON THE NEEDS OF THE BUSINESS. PAYMENTS ARE DEFERRED FOR THE FIRST YEAR OF FINANCING AND THEN AMORTI false false 57798 55000 THE ORGANIZATION MAINTAINED CERTAIN LAND KNOWN AS PARCEL NUMBER 35-01540, 333 PLEASANT MEADOW BOULEVARD (FORMERLY THE MUD RUN GUN CLUB), WHICH WAS PREVIOUSLY DONATED BY THE CITY OF CUYAHOGA FALLS FOR THE PURPOSE OR REVITALIZATION AND ECONOMIC DEVELOPMENT. THE ORGANIZATION APPLIED FOR AND RECEIVED A BROWNFIELD REMEDIATION GRANT, ADMINISTERED BY THE STATE OF OHIO, DEPARTMENT OF DEVELOPMENT IN 2022. THE CIC ENTERED INTO A PROFESSIONAL SERVICE AGREEMENT WITH PATRIOT ENGINEERING AND ENVIRONMENTAL, INC. FOR THE ENVIRONMENTAL REMEDIATION AND PROJECT MANAGEMENT FOR THIS PROJECT. REMEDIATION BEGAN IN SPRING OF 2023 AND WAS COMPLETED IN THE SUMMER OF 2025. THE TOTAL COST OF THE PROJECT WAS ESTIMATED TO BE 1,972,732.00. THE BROWNFIELD REMEDIATION GRANT IS FOR 1,044,549.00 AND THE 25% REQUIRED FUNDING MATCH HAS BEEN PROVIDED BY THE CITY OF CUYAHOGA FALLS. IN 2025, THE EXPENSES FOR THIS PROJECT TOTALED 56,091.99. THE ORGANIZATION RECEIVED 56,091.99 IN GRANT REVENUE FROM THE STATE. OF THIS AMOUNT, 56,091.99 WAS REIMBURSED TO THE CITY OF CUYAHOGA FALLS. THE GRANT WAS CLOSED OUT AND THE PROPERTY WAS TRANSFERRED BACK TO THE CITY OF CUYAHOGA FALLS ON SEPTEMBER 4, 2025 TO BE UTILIZED AS GREEN SPACE OR A FUTURE TRAILHEAD FOR THE EXISTING MUD BROOK TRAIL. 10048 DOWNTOWN EVENTS ARE ORGANIZED THROUGHOUT THE YEAR FOR THE PURPOSE OF ECONOMIC DEVELOPMENT OF THE DOWNTOWN AREA AN TO PROVIDE THE RESIDENTS OF CUYAHOGA FALLS AND SURROUNDING COMMUNITIES WITH AN OPPORTUNITY TO COME TOGETHER AND CELEBRATE THEIR COMMUNITY THROUGH MUSIC, CULTURAL FESTIVALS, AND SIMILAR EVENTS. THE ORGANIZATION PROVIDED 2 LOANS TOTALING 100,000 TO 2 BUSINESSES IN 2024. THE FIRST LOAN WAS PROVIDED TO LEGACY LAW FIRM, LLC IN THE AMOUNT OF 50,000 AND LOAN PAYMENTS BEGAN IN JANUARY OF 2025. THIS LOAN CREATED 2 FULL-TIME POSITIONS FOR THE CITY OF CUYAHOGA FALLS. THE 2ND LOAN WAS PROVIDED TO BLACK DOG BAKING COMPANY, LLC IN OCTOBER OF 2024. PAYMENTS ON THIS LOAN BEGAN IN NOVEMBER, 2025. THIS LOAN ALSO CREATED 2 FULL-TIME POSITIONS FOR THE CITY OF CUYAHOGA FALLS. 67846 false false false false false false false false false false false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false true 6 0 0 false false false false false false false false X 10 3 false false false false false false false true true false false true false false false false false false X MARY SPAUGY 3309718137 2310 2ND STREET CUYAHOGA FALLS OH 44221 ANTHONY ZUMBO TRUSTEE 1.00 X 0 160518 59282 JANET CIOTOLA TRUSTEE 1.00 X 0 166572 49834 BRYAN HOFFMAN TRUSTEE 1.00 X 0 163741 48243 DON WALTERS PRESIDENT 1.00 X X 0 151557 47877 DIANA COLAVECCHIO VICE PRESIDE 1.00 X X 0 160512 37808 MARY SPAUGY TREASURER 1.00 X X 0 143905 34377 LORI JONES SECRETARY 1.00 X X 0 71594 44577 AARON BARNHART TRUSTEE 1.00 X 0 0 0 PAUL TESTA TRUSTEE 1.00 X 0 0 0 JAMES WEST TRUSTEE 1.00 X 0 0 0 1018399 321998 false true false 12000 12000 29552 29552 REFUNDS AND REIMBURSEMENTS 531390 166 166 166 41718 29718 X 55000 55000 6481 6481 9200 9200 2798 2798 OTHER 1067 1067 DOWNTOWN EVENT COSTS 450 450 SECURITY 200 200 SUPPLIES 198 198 75394 67846 7548 0 91688 81314 1890828 1925082 56092 100000 95298 345 350 55000 2193953 2102044 2001 56232 58233 0 X 139916 138475 1995804 1963569 2135720 2102044 2193953 2102044 -33676 X true X false true false X SCHEDULE D, PAGE 3, PART X THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION. THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE CORPORATION, OF WHICH THERE WERE NONE FOR THE YEARS ENDING DECEMBER 31, 2025 AND 2024, ARE RECORDED AS ADMINISTRATIVE EXPENSE IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. true CITY OF CUYAHOGA FALLS 2310 SECOND STREET CUYAHOGA FALLS OH 44221 346000818 GOV 55000 FAIR VALUE LAND COMMUNITY IMPROVEMEN SCHEDULE I, PAGE 1, PART I, LINE 2 ONE OR MORE OFFICERS FROM THE ORGANIZATION VISIT PROJECT SITES TO VERIFY THAT GRANT FUNDS WERE EXPENDED APPROPRIATELY. false false false false false false false false false ANTHONY ZUMBO TRUSTEE 160518 59282 219800 JANET CIOTOLA TRUSTEE 166572 49834 216406 BRYAN HOFFMAN TRUSTEE 163741 48243 211984 DON WALTERS PRESIDENT 151557 47877 199434 DIANA COLAVECCHIO VICE PRESIDENT 160512 37808 198320 MARY SPAUGY TREASURER 143905 34377 178282 FORM 990 - ORGANIZATION'S MISSION THE COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS WAS FORMED IN JULY 1970 AND INCORPORATED AS A CORPORATION NOT-FOR-PROFIT UNDER TITLE XVII, CHAPTERS 1702 AND 1724 OF THE OHIO REVISED CODE. THE STATED PURPOSE OF THE CORPORATION IS TO ADVANCE, ENCOURAGE, AND PROMOTE THE INDUSTRIAL, COMMERCIAL, CIVIC, AND ECONOMIC DEVELOPMENT OF THE CITY OF CUYAHOGA FALLS, OHIO UNDER APPLICABLE SECTIONS OF THE OHIO REVISED CODE. THE CORPORATION PROVIDES "GAP" FINANCIAL ASSISTANCE TO ELIGIBLE BUSINESSES IN THE CITY OF CUYAHOGA FALLS. FINANCIAL ASSISTANCE IS PROVIDED TO FOR- PROFIT ORGANIZATIONS THAT ARE INELIGIBLE FOR FINANCING THROUGH TRADITIONAL LENDING INSTITUTIONS. THE CIC FINANCING WILL NOT EXCEED 30% OF THE ORGANIZATION'S TOTAL PROJECT EXPENSES. THE FUNDING IS USED FOR THE PURCHASE OF EQUIPMENT AND/OR ASSETS FOR THE BUSINESS. ASSISTANCE IS PROVIDED IN INCREMENTS BETWEEN 50,000-100,000, DEPENDING ON THE NEEDS OF THE BUSINESS. PAYMENTS ARE DEFERRED FOR THE FIRST YEAR OF FINANCING AND THEN AMORTIZED OVER A PERIOD OF 10 YEARS AT 3% INTEREST. FOR EVERY 50,000 WORTH OF FUNDING PROVIDED BY THE CIC, THE BUSINESS MUST PROVIDE DOCUMENTATION THAT IT CREATED AND/OR MAINTAINED TWO (2) FULL-TIME EQUIVALENT JOBS. FORM 990, PAGE 2, PART III, LINE 4A THE ORGANIZATION MAINTAINED CERTAIN LAND KNOWN AS PARCEL NUMBER 35-01540, 333 PLEASANT MEADOW BOULEVARD (FORMERLY THE MUD RUN GUN CLUB), WHICH WAS PREVIOUSLY DONATED BY THE CITY OF CUYAHOGA FALLS FOR THE PURPOSE OR REVITALIZATION AND ECONOMIC DEVELOPMENT. THE ORGANIZATION APPLIED FOR AND RECEIVED A BROWNFIELD REMEDIATION GRANT, ADMINISTERED BY THE STATE OF OHIO, DEPARTMENT OF DEVELOPMENT IN 2022. THE CIC ENTERED INTO A PROFESSIONAL SERVICE AGREEMENT WITH PATRIOT ENGINEERING AND ENVIRONMENTAL, INC. FOR THE ENVIRONMENTAL REMEDIATION AND PROJECT MANAGEMENT FOR THIS PROJECT. REMEDIATION BEGAN IN SPRING OF 2023 AND WAS COMPLETED IN THE SUMMER OF 2025. THE TOTAL COST OF THE PROJECT WAS ESTIMATED TO BE 1,972,732.00. THE BROWNFIELD REMEDIATION GRANT IS FOR 1,044,549.00 AND THE 25% REQUIRED FUNDING MATCH HAS BEEN PROVIDED BY THE CITY OF CUYAHOGA FALLS. IN 2025, THE EXPENSES FOR THIS PROJECT TOTALED 56,091.99. THE ORGANIZATION RECEIVED 56,091.99 IN GRANT REVENUE FROM THE STATE. OF THIS AMOUNT, 56,091.99 WAS REIMBURSED TO THE CITY OF CUYAHOGA FALLS. THE GRANT WAS CLOSED OUT AND THE PROPERTY WAS TRANSFERRED BACK TO THE CITY OF CUYAHOGA FALLS ON SEPTEMBER 4, 2025 TO BE UTILIZED AS GREEN SPACE OR A FUTURE TRAILHEAD FOR THE EXISTING MUD BROOK TRAIL. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW VIA ELECTRONIC MAIL AND/OR IN THE FORM OF PAPER COPIES. FORM 990, PAGE 6, PART VI, LINE 19 ALTHOUGH DOCUMENTS MAY BE MADE AVAILABLE UPON REQUEST, PURSUANT TO OHIO REVISED CODE, CHAPTER 1724, CERTAIN DOCUMENTS HELD BY THE CORPORATION ARE NOT SUBJECT TO PUBLIC RECORD REQUIREMENTS. FORM 990, PART IX, LINE 11G ENTERTAINERS 9,200 0 0 CITY OF CUYAHOGA FALLS 2310 2ND STREET CUYAHOGA FALLS OH 44221 CITY GOVMT OH 170C1 6 N/A false false false false false false false false false false false false false false true true false false false false CITY OF CUYAHOGA FALLS N NOT DETERMINABLE CITY OF CUYAHOGA FALLS O NOT DETERMINABLE