Nonprofit · EIN 34-1703387
SUMMIT HOUSING DEVELOPMENT CORPORATION
Tax-exempt · CUYAHOGA FLS, OH 44221
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,130,078 | $3,404,742 | $725,336 | $33,323,050 | $14,415,037 | $18,908,013 |
| December 31, 2023 | 990 | $5,540,946 | $2,877,826 | $2,663,120 | $30,613,025 | $12,430,348 | $18,182,677 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,920,666
- Investment income
- $206,777
- Net gain from sales of assets
- $137,070
- Other revenue
- $2,635
Expenses
- Grants and similar amounts paid
- $135,025
- Compensation of officers, directors and key employees
- $392,531
- Other salaries and wages
- $202,409
- Salaries, compensation and benefits (total)
- $723,083
- Professional fundraising fees
- $0
- Accounting fees
- $7,025
- Occupancy
- $40,012
- Travel
- $3,393
- Depreciation
- $1,281,710
- Program services (functional)
- $2,593,699
- Management and general (functional)
- $811,043
Balance sheet and other
- Total assets, start of year
- $30,613,025
- Total assets, end of year
- $33,323,050
- Total liabilities, end of year
- $14,415,037
- Net assets, end of year
- $18,908,013
- Land, buildings and equipment
- $30,975,388
- Net assets without donor restrictions
- $14,719,686
- Net assets with donor restrictions
- $4,188,327
- Gross receipts
- $4,218,508
- Employees
- 7
- Year formed
- 1992
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS JACOBS | EXECUTIVE DI Trustee or director, Officer | 40 | $392,531 |
| TOM ARMSTRONG | TRUSTEE Trustee or director | 1 | $0 |
| STAN DEBRO | TRUSTEE Trustee or director | 1 | $0 |
| LINDA EVANS | TRUSTEE Trustee or director | 1 | $0 |
| CHRIS FILLER | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| SARA KLINE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KEVIN PICKARD | TRUSTEE Trustee or director | 1 | $0 |
| BARB VIMONT | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS JACOBS | EXECUTIVE DI Trustee or director, Officer | 40 | $234,923 |
| STAN DEBRO | TRUSTEE Trustee or director | 1 | $0 |
| LINDA EVANS | TRUSTEE Trustee or director | 1 | $0 |
| CHRIS FILLER | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JONATHAN GRAHAM | SECRETARY Trustee or director, Officer | 1 | $0 |
| SARA KLINE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| BARB VIMONT | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 431 BROAD BLVD, CUYAHOGA FLS, OH 44221-3833
- Principal officer (990 for 2024)
- THOMAS JACOBS, 431 BROAD BOULEVARD, CUYAHOGA FALLS, OH 44221
- Signed the 990
- THOMAS JACOBS, EXECUTIVE DIRECTOR
- Phone
- (234) 571-3244
- Website
- SUMMITHOUSING.ORG
- Return prepared by
- DONOVAN KLIMCZAK AND COMPANY
Mission
SUMMIT HOUSING DELEVOPMENT CORPORATION (SHDC) STARTED IN 1992 AS A PRIVATE, NON-PROFIT CORPORATION WITH THE PURPOSE OF DELEVOPING, ACQUIRING, AND MANAGING HOUSING FOR THOSE WITH DEVELOPMENTAL DISABILITIES.
Program accomplishments
- DURING 2022, SUMMIT HOUSING DEVELOPMENT CORPORATION OWNED AND MANAGED 240 RESIDENTIAL PROPERTIES THAT WERE LEASED TO DEVELOPMENTALLY DISABLED INDIVIDUALS BASED ON CHOICE, NEED, ACCESSIBILTY AND LOCATION.Expenses $2,593,699 · grants $135,025
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1703387
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $33,323,050
- Income (IRS master file)
- $4,218,508
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,130,078 | $3,404,742 | $33,323,050 | IRS |
| 990 | December 2023 | $5,540,946 | $2,877,826 | $30,613,025 | XML |
| 990 | December 2022 | $3,300,890 | $2,912,359 | $26,427,425 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 34-1703387).
Questions about SUMMIT HOUSING DEVELOPMENT CORPORATION
- What is the EIN of SUMMIT HOUSING DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SUMMIT HOUSING DEVELOPMENT CORPORATION is 34-1703387.
- Is SUMMIT HOUSING DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to SUMMIT HOUSING DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUMMIT HOUSING DEVELOPMENT 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 SUMMIT HOUSING DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SUMMIT HOUSING DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SUMMIT HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names THOMAS JACOBS.
- Who are the officers and directors of SUMMIT HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $392,531 (THOMAS JACOBS, EXECUTIVE DI).
- How much revenue does SUMMIT HOUSING DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,130,078, expenses of $3,404,742 and total assets of $33,323,050 at year end.
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