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 |
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 |
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 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $0 | $637,751 | $655,431 | IRS |
| 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 publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
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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