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Tremont West Development Corporation

EIN 23-7029247 · Cleveland, OH

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood75 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TREMONT WEST DEVELOPMENT CORP SERVES TREMONT BY ORGANIZING AN INCLUSIVE COMMUNITY, BUILDING A UNIFIED NEIGHBORHOOD, AND PROMOTING A UNIQUE DESTINATION.

Income
$1.2 million
Spending
$981,409
Spent on programs
76%
Reserves
4.1 months of spending
Largest source of income
government grants, 40%
Employees
9
Volunteers
50
Highest pay
$82,000, executive di

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 75 out of 100. Higher than 52% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.1 months of spending.

  • Debt

    10 of 20

    It owes 47% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 17% of income.

  • Income trend

    15 of 15

    Income rose 37% on the year before.

  • Spending floor

    15 of 15

    76% of spending went to programs and raising each dollar of donations cost 9 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 68% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    14 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $749,011 spent. WE DO THIS THROUGH FOCUSING ON THE FOLLOWING STRATEGIC GOALS: COMPREHENSIVE COMMUNITY BUILDING TOWARDS A DENSE NEIGHBORHOOD WITH A DIVERSE SET OF HOUSING OPTIONS AND BUSINESS ATTRACTIONS THAT APPEAL TO ALL RESIDENTS AND VISITORS. WE ORGANIZE THE COMMUNITY TO BE INCLUSIVE AND CONNECTED. WE PROMOTE COMMUNITY THROUGH MEANINGFUL ENGAGEMENT AND EQUITABLE PHYSICAL AND SOCIAL INFRASTRUCTURE THAT CREATES SEAMLESS LINKAGES AND INCREASES ACCESSIBILITY FOR EVERYONE.
  2. TREMONT WEST CONDUCTS ARTS PROGRAMMING, INCLUDING THE TREMONT ARTS & CULTURAL FESTIVAL AND TREMONT ARTS IN AUGUST. THESE PROGRAMS CELEBRATE LOCAL ARTISTS AND CULTURAL DIVERSITY, PROVIDING PLATFORMS FOR CREATIVE EXPRESSION AND COMMUNITY ENGAGEMENT. THESE EVENTS ATTRACT THOUSANDS OF ATTENDEES AND GENERATE REVENUE THROUGH SPONSORSHIPS, VENDOR FEES, AND DONATIONS WHILE INCURRING COSTS FOR VENUE SETUP, MARKETING, AND EVENT MANAGEMENT.
  3. TREMONT WEST PROVIDES BLOCK CLUB SUPPORT, FOSTERING NEIGHBORHOOD CONNECTIVITY AND CIVIC ENGAGEMENT. BY ASSISTING 10 BLOCK CLUBS, THE ORGANIZATION FACILITATES REGULAR MEETINGS, EDUCATIONAL WORKSHOPS, AND COMMUNITY IMPROVEMENT PROJECTS. EXPENSES INCLUDE STAFF TIME, MATERIALS, AND MEETING SUPPORT. THESE EFFORTS HELP ADDRESS SAFETY, HOUSING, AND QUALITY- OF-LIFE ISSUES WHILE STRENGTHENING RESIDENT-LED INITIATIVES.
  4. TREMONT WEST OFFERS FISCAL AGENCY SUPPORT TO SMALLER COMMUNITY PROJECTS AND ORGANIZATIONS, HELPING THEM ACCESS FUNDING AND MANAGE BUDGETS EFFECTIVELY. THIS PROGRAM ENHANCES THE IMPACT OF GRASSROOTS INITIATIVES BY PROVIDING ADMINISTRATIVE OVERSIGHT, COMPLIANCE MONITORING, AND GRANT MANAGEMENT. COSTS ARE ASSOCIATED WITH STAFF TIME AND FINANCIAL SYSTEMS, WHILE REVENUE INCLUDES ADMINISTRATIVE FEES. THE ORGANIZATION SUPPORTS SMALL BUSINESS DEVELOPMENT, OFFERING TECHNICAL ASSISTANCE, WORKSHOPS, AND INDIVIDUALIZED SUPPORT TO HELP LOCAL ENTREPRENEURS THRIVE. PROGRAMS FOCUS ON BUSINESS PLANNING, FUNDING ACCESS, AND MARKETING STRATEGIES. EXPENSES INCLUDE TRAINING MATERIALS, CONSULTANT FEES, AND STAFF TIME. THESE SERVICES GENERATE REVENUE FROM SPONSORSHIPS AND FEES WHILE SUPPORTING LOCAL ECONOMIC DEVELOPMENT. TREMONT WEST ENGAGES IN CITY ENGAGEMENT EFFORTS, ACTING AS A LIAISON BETWEEN THE COMMUNITY AND MUNICIPAL ENTITIES TO ENSURE EQUITABLE ACCESS TO CITY PROGRAMS AND SERVICES. THIS INCLUDES ADVOCACY FOR AFFORDABLE HOUSING, INFRASTRUCTURE IMPROVEMENTS, AND PUBLIC SAFETY. COSTS INVOLVE STAFF TIME AND COMMUNITY OUTREACH EFFORTS, WHILE REVENUE MAY DERIVE FROM GOVERNMENT GRANTS OR CONTRACTS. THIS WORK INVOLVES COLLABORATING TRANSPARENTLY AND COOPERATIVELY WITH RESIDENTS, BUSINESS LEADERS, AND EXTERNAL COMMUNITY PARTNERS TO OPTIMIZE RESOURCES AND IMPLEMENT NEIGHBORHOOD PLANS THAT ADDRESS CHALLENGES, PROVIDING EVERYONE THE OPPORTUNITY TO PROGRESS, LEAD HEALTHY LIVES, AND THRIVE
  5. TREMONT WEST OFFERS FISCAL AGENCY SUPPORT TO SMALLER COMMUNITY PROJECTS AND ORGANIZATIONS, HELPING THEM ACCESS FUNDING AND MANAGE BUDGETS EFFECTIVELY. THIS PROGRAM ENHANCES THE IMPACT OF GRASSROOTS INITIATIVES BY PROVIDING ADMINISTRATIVE OVERSIGHT, COMPLIANCE MONITORING, AND GRANT MANAGEMENT. COSTS ARE ASSOCIATED WITH STAFF TIME AND FINANCIAL SYSTEMS, WHILE REVENUE INCLUDES ADMINISTRATIVE FEES. THE ORGANIZATION SUPPORTS SMALL BUSINESS DEVELOPMENT, OFFERING TECHNICAL ASSISTANCE, WORKSHOPS, AND INDIVIDUALIZED SUPPORT TO HELP LOCAL ENTREPRENEURS THRIVE. PROGRAMS FOCUS ON BUSINESS PLANNING, FUNDING ACCESS, AND MARKETING STRATEGIES. EXPENSES INCLUDE TRAINING MATERIALS, CONSULTANT FEES, AND STAFF TIME. THESE SERVICES GENERATE REVENUE FROM SPONSORSHIPS AND FEES WHILE SUPPORTING LOCAL ECONOMIC DEVELOPMENT. TREMONT WEST ENGAGES IN CITY ENGAGEMENT EFFORTS, ACTING AS A LIAISON BETWEEN THE COMMUNITY AND MUNICIPAL ENTITIES TO ENSURE EQUITABLE ACCESS TO CITY PROGRAMS AND SERVICES. THIS INCLUDES ADVOCACY FOR AFFORDABLE HOUSING, INFRASTRUCTURE IMPROVEMENTS, AND PUBLIC SAFETY. COSTS INVOLVE STAFF TIME AND COMMUNITY OUTREACH EFFORTS, WHILE REVENUE MAY DERIVE FROM GOVERNMENT GRANTS OR CONTRACTS. THIS WORK INVOLVES COLLABORATING TRANSPARENTLY AND COOPERATIVELY WITH RESIDENTS, BUSINESS LEADERS, AND EXTERNAL COMMUNITY PARTNERS TO OPTIMIZE RESOURCES AND IMPLEMENT NEIGHBORHOOD PLANS THAT ADDRESS CHALLENGES, PROVIDING EVERYONE THE OPPORTUNITY TO PROGRESS, LEAD HEALTHY LIVES, AND THRIVE

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1969.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.