East Akron Neighborhood Development Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SEE SCHEDULE O
- Income
- $3.1 million
- Spending
- $3.6 million
- Spent on programs
- 52%
- Reserves
- -9.3 months of spending
- Largest source of income
- government grants, 70%
- Employees
- 45
- Volunteers
- 0
- Highest pay
- $212,034, president/ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 13 out of 100. Higher than 0% of charities in its peer group (housing, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 53% of what it owns.
Living within its means
0 of 15Spending exceeded income by 16% of income.
Income trend
0 of 15Income fell 49% on the year before.
Spending floor
8 of 1552% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 70% of charities in its peer group (housing, $1m to $10m).
Independent board
25 of 2515 of 16 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, 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 (3)
- $1.4 million spent. ENERGY SERVICES.ENERGY SERVICES EANDC PROVIDES FOR THE ENERGY EFFICIENCY AND IMPROVEMENT OF EXISTING HOUSING IN THE AKRON AREA BY PROVIDING A VARIETY OF PROGRAMS TO ELIGIBLE HOUSEHOLDS SUCH AS EMERGENCY HOME REPAIR, HOUSEWARMING, AND THE ELECTRIC PARTNERSHIP PROGRAMS.
- $70,914 spent. COMMUNITY BUILDING AND ENGAGEMENT. EANDC PROVIDES OUTREACH PROGRAMS AND EVENTS, UTILIZING OPEN DIALOGUE AND FOSTERING DIVERSE VOICES TO CONTRIBUTE TO SHAPING OUTCOMES, OFTEN IN COORDINATION WITH LOCAL INDIVIDUALS, STAKEHOLDERS, AND SERVICE AGENCIES, TO ENGAGE IN COMMUNITY DISCUSSIONS, DECISION-MAKING, AND ACTIVITIES THAT IMPACT THEIR COLLECTIVE WELL-BEING. THE AIM IS TO BUILD TRUST, FOSTER COLLABORATION, AND CREATE SOLUTIONS THAT BENEFIT THE COMMUNITY AND THE RESIDENTS OF THE NEIGHBORHOODS THAT EANDC SERVES. THE GOAL IS TO EMPOWER INDIVIDUALS AND GROUPS TO PLAY AN ACTIVE ROLE IN SHAPING THE DECISIONS AND ACTIONS THAT AFFECT THEIR COMMUNITIES AND WITH EANDC CREATING THESE CONNECTIONS, WORK TO DRIVE POSITIVE SOCIAL CHANGE, IMPROVE SERVICES, AND PROMOTE LONG-TERM SUSTAINABILITY WITHIN THE COMMUNITY.
- $415,397 spent. AFFORDABLE HOUSING OPERATIONS. EANDC WAS ORGANIZED FOR THE PURPOSE OF ENHANCING THE COMMUNITY OF EAST AKRON AND OTHER COMMUNITIES PRIMARILY LOCATED IN SUMMIT AND STARK COUNTY OHIO WITH A SPECIAL EMPHASIS ON PROVIDING ECONOMIC DEVELOPMENT OPPORTUNITIES FOR LOW AND MODERATE-INCOME INDIVIDUALS AND FAMILIES.EANDC CURRENTLY MANAGES 360 SCATTERED SITE SINGLE FAMILY HOMES, TWO 40-UNIT SENIOR CITIZENS BULDINGS, A 6-UNIT AND 10-UNIT APARTMENT BUILDING, A 34-UNIT AND 50-UNIT MULTIFAMILY HOUSING PROJECT, A 25-UNIT TOWNHOME AND 6-UNIT APARTMENT BUILDING COMMUNITY, AND A 30-UNIT MULTIFAMILY TOWNHOME COMMUNITY IN AKRON, OHIO, WHICH ARE OWNED BY THE PROJECT ENTITIES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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.
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.
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.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1982.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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.
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