Nonprofit · EIN 34-1653986
NEW VILLAGE CORPORATION
Tax-exempt · CLEVELAND, OH 44104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,943,070 | $3,963,106 | $1,979,964 | $25,136,213 | $14,986,300 | $10,149,913 |
| June 30, 2024 | 990 | $3,482,394 | $3,346,082 | $136,312 | $24,734,346 | $14,083,154 | $10,651,192 |
| June 30, 2023 | 990 | $7,203,569 | $2,761,252 | $4,442,317 | $21,685,616 | $10,908,630 | $10,776,986 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,663,230
- Program service revenue
- $373,863
- Investment income
- $63,357
- Net rental income
- $1,842,620
- Other revenue
- $1,842,620
Expenses
- Grants and similar amounts paid
- $28,000
- Other salaries and wages
- $333,708
- Salaries, compensation and benefits (total)
- $390,955
- Professional fundraising fees
- $0
- Legal fees
- $44,263
- Accounting fees
- $108,325
- Occupancy
- $1,581,092
- Travel
- $2,241
- Depreciation
- $48,655
- Program services (functional)
- $3,523,626
- Management and general (functional)
- $439,480
Balance sheet and other
- Total assets, start of year
- $24,734,346
- Total assets, end of year
- $25,136,213
- Total liabilities, end of year
- $14,986,300
- Net assets, end of year
- $10,149,913
- Land, buildings and equipment
- $3,108,428
- Net assets without donor restrictions
- $8,565,656
- Net assets with donor restrictions
- $1,584,257
- Gross receipts
- $5,943,070
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1990
- 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 |
|---|---|---|---|---|---|
| TANIA MENESSE | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $236,762 | $10,923 |
| JEFFREY VERESPEJ | CHIEF OPERATIONS OFFICER Officer | 1 | $0 | $150,243 | $20,112 |
| BRIANA PERRY | PRESIDENT Officer | 24 | $0 | $124,560 | $24,348 |
| MELODIE SANDERS | SR. VP OF FINANCE / CFO Officer | 6 | $0 | $120,243 | $7,964 |
| SEAN MCDERMOTT | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AUGUST FLUKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DORIVETTE NOLAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DENNNIS TORRES | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JASON RUSSELL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LISA MCGOVERN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JASON PHILLIPS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT SKINNER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TANIA MENESSE | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $225,258 | $16,000 |
| JEFFREY VERESPEJ | CHIEF OPERATIONS OFFICER Officer | 1 | $0 | $138,602 | $19,950 |
| BRIANA PERRY | PRESIDENT Officer | 16 | $0 | $118,352 | $16,217 |
| MELODIE SANDERS | SR. VP OF FINANCE / CFO Officer | 6 | $0 | $102,634 | $5,723 |
| SEAN MCDERMOTT | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AUGUST FLUKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DORIVETTE NOLAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ISABEL DEROBERTS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JASON RUSSELL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LISA MCGOVERN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JASON PHILLIPS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TANIA MENESSE | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $218,718 | $11,734 |
| LINDA WARREN THRU OCT 2022 | PRESIDENT Former | 9 | $0 | $127,825 | $4,451 |
| BRIANA PERRY | PRESIDENT Officer | 9 | $0 | $55,633 | $6,280 |
| MELODIE SANDERS | SR. VP OF FINANCE / CFO Officer | 9 | $0 | $7,215 | $65 |
| ISABEL DEROBERTS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| AUGUST FLUKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DORIVETTE NOLAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JASON RUSSELL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SEAN MCDERMOTT | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LISA MCGOVERN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JASON PHILLIPS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11327 SHAKER BOULEVARD 500W, CLEVELAND, OH 44104-3862
- Principal officer (990 for 2024)
- OLUSHOLA OJO, 11327 SHAKER BOULEVARD 500W, CLEVELAND, OH 44104
- Signed the 990
- OLUSHOLA OJO, CHIEF FINANCIAL OFFICER
- Phone
- (216) 238-8712
- Website
- WWW.CLEVELANDNP.ORG
- Return prepared by
- REA & ASSOCIATES INC
Mission
AS A WHOLLY-OWNED SUBSIDIARY OF NEIGHBORHOOD PROGRESS, INC. (NPI), NEW VILLAGE CORPORATION (NVC) DEVELOPS CATALYTIC REAL ESTATE PROJECTS IN JOINT VENTURES WITH COMMUNITY BASED 501(C)(3) DEVELOPMENT CORPORATIONS AND PRIVATE INVESTORS. NEW VILLAGE CORPORATION SUPPORTS PROJECTS THAT ARE EITHER TOO LARGE FOR A NON-PROFIT 501(C)(3) COMMUNITY DEVELOPMENT CORPORATION ("CDC") TO TAKE ON OR TOO RISKY FOR A PRIVATE DEVELOPER. NVC WORKS DIRECTLY WITH 501(C)(3) CDCS AND PRIVATE DEVELOPERS TO HELP SECURE RESOURCES THAT ASSIST IN HANDLING COMPLEX REAL ESTATE DEVELOPMENT PROJECTS. NVC PROVIDES TECHNICAL ASSISTANCE, INCLUDING ARRANGING PROJECT FINANCING. PROJECTS UNDERTAKEN FURTHER THE ORGANIZATION'S CHARITABLE PURPOSES BY COMBATING COMMUNITY DETERIORATION IN DISTRESSED COMMUNITIES.
Program accomplishments
- NEW VILLAGE CORPORATION ("NVC") FOCUSES ITS REAL ESTATE DEVELOPMENT IN PLACES WHERE ITS ACTIVITY WILL RELIEVE BLIGHT, ECONOMIC DISTRESS, AND COMMUNITY DETERIORATION IN THE SERVICE OF UNDERSERVED COMMUNITIES IN THE CITY OF CLEVELAND. NVC IS CURRENTLY INVOLVED IN AN ACQUISITION, REHABILITATION, AND FOR-SALE SINGLE-FAMILY HOUSING PROGRAM WITH SLAVIC VILLAGE DEVELOPMENT, A 501(C)(3) ORGANIZATION. IT IS CURRENTLY WORKING ON A STRATEGY TO REVIVE THE FAILED NEW CONSTRUCTION MARKET IN THE BUCKEYE NEIGHBORHOOD OF CLEVELAND, WHERE THE COMPANY OWNS ENOUGH LAND TO FACILITATE THE CONSTRUCTION OF AROUND 40 NEW UNITS. ESTABLISHED IN 1990, NVC IS A WHOLLY-OWNED REAL ESTATE DEVELOPMENT SUBSIDIARY OF NEIGHBORHOOD PROGRESS, INC., A NON-PROFIT ORGANIZATION FORMED TO FOSTER COMMUNITIES OF CHOICE AND OPPORTUNITY THROUGHOUT CLEVELAND. SINCE 1990, NVC HAS DEVELOPED OVER 800 UNITS OF NEW OR REHABBED HOUSING AND 1.28 MILLION SQUARE FEET OF NEW OR REHABBED COMMERCIAL SPACE WORTH OVER $213 MILLION. AMONG ITS COMPLETED PROJECTS ARE: THE AWARD-WINNING SAINT LUKE'S MANOR PHASE I AND BICENTENNIAL VILLAGE DEVELOPMENT NORTH PARK PLACE DAVE'S SUPERMARKET IN OHIO CITY AND SLAVIC VILLAGE CENTRAL COMMONS LEE-HARVARD SHOPPING CENTER ORCHARD PARK FRIES & SCHUELE APARTMENTS CARROLL AVENUE CONDOMINIUMS ARBOR PARK PLACE SHOPPING CENTER. IN AUGUST 2022, NVC ACQUIRED SHAKER SQUARE IN PARTNERSHIP WITH BURTEN BELL CARR DEVELOPMENT, MADE POSSIBLE BY THE CITY OF CLEVELAND PROVIDING $12 MILLION IN LOW-INTEREST LOANS TO ACQUIRE AND SUPPORT THE PROJECT. IN JUNE 2024 LOCAL FOCAL LLC WAS FORMED TO ACQUIRE, OWN, MANAGE, AND ULTIMATELY SELL TO QUALIFIED BUYERS SINGLE FAMILY HOMES IN VARIOUS UNDERSERVED NEIGHBORHOODS THROUGHOUT THE CITY OF CLEVELAND AS PART OF AN OVERALL MIDDLE NEIGHBORHOODS INITIATIVE. BASED ON THE CITY OF CLEVELAND'S NEIGHBORHOOD TYPOLOGY INDEX, LOCAL FOCAL LLC WILL BE FOCUSING ITS INVESTMENTS IN CLEVELAND'S MIDDLE NEIGHBORHOODS, INCLUDING COLLINWOOD, LEE-HARVARD, OLD BROOKLYN, AND WEST PARK.Expenses $3,523,626 · grants $28,000 · revenue $2,216,483
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 34-1653986
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S400)
- Assets (IRS master file)
- $25,136,213
- Income (IRS master file)
- $5,943,070
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,943,070 | $3,963,106 | $25,136,213 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $3,482,394 | $3,346,082 | $24,734,346 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $7,203,569 | $2,761,252 | $21,685,616 | XML |
| 990 | June 2022 | $529,797 | $564,898 | $7,440,000 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 34-1653986).
Questions about NEW VILLAGE CORPORATION
- What is the EIN of NEW VILLAGE CORPORATION?
- The employer identification number (EIN) of NEW VILLAGE CORPORATION is 34-1653986.
- Is NEW VILLAGE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to NEW VILLAGE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW VILLAGE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW VILLAGE 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 NEW VILLAGE 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 NEW VILLAGE CORPORATION?
- The 990 for the year ended June 30, 2025 names OLUSHOLA OJO.
- Who are the officers and directors of NEW VILLAGE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does NEW VILLAGE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,943,070, expenses of $3,963,106 and total assets of $25,136,213 at year end.
Other nonprofits in CLEVELAND
- GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND EIN 34-1650917 · last filed 990 for 2024
- JUMPSTART INC EIN 34-1398522 · last filed 990 for 2025
- CLEVELAND PUBLIC MARKET CORPORATION EIN 92-3866177 · last filed 990 for 2025
- MANUFACTURING ADVOCACY & GROWTH NETWORK INC EIN 34-1455043 · last filed 990 for 2025
- DIGITALC EIN 81-1731053 · last filed 990 for 2024
- GREATER CLEVELAND PARTNERSHIP EIN 34-0149250 · last filed 990 for 2024
- UNIVERSITY CIRCLE INCORPORATED EIN 34-0823464 · last filed 990 for 2025
- NEIGHBORHOOD PROGRESS INC EIN 34-1611055 · last filed 990 for 2025
All nonprofits in CLEVELAND · Ohio · Community improvement and capacity building