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Centrovilla 25 Corporation

EIN 92-2482558 · Cleveland, OH

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

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceGood78 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO CULTIVATE A VIBRANT, AUTHENTIC, INCLUSIVE LATINO CULTURAL DISTRICT IN THE CLARK-FULTON NEIGHBORHOOD IN CLEVELAND, OHIO.

Income
$2.4 million
Spending
$1.0 million
Spent on programs
93%
Reserves
-99.6 months of spending
Largest source of income
donations and private grants, 84%
Employees
0
Volunteers
41
Highest pay
$150,000, president/ce

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

Fair: 50 out of 100. Higher than 21% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 74% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 56% of income.

  • Income trend

    15 of 15

    Income rose 190% on the year before.

  • Spending floor

    15 of 15

    93% of spending went to programs and raising each dollar of donations cost 0 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

Good: 78 out of 100. Higher than 29% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    18 of 25

    2 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no 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 (1)
  1. $974,887 spent. CENTROVILLA25 CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION WHICH WAS FORMED TO CULTIVATE A VIBRANT, AUTHENTIC, INCLUSIVE LATINO CULTURAL DISTRICT IN THE CLARK-FULTON NEIGHBORHOOD IN CLEVELAND, OHIO. CENTROVILLA25 CORPORATION SEEKS TO CATALYZE THE ECONOMIC IMPACT THROUGH JOB CREATION AND BUSINESS DEVELOPMENT, DEVELOPING A THRIVING LOCAL LIVING ECONOMY, AND CREATIVE PLACEMAKING THAT CELEBRATES LATINO CULTURE. CENTROVILLA25 CORPORATION OWNS AND OPERATES A FACILITY THAT INCLUDES OFFICE SPACE LEASED TO LATINO-OWNED BUSINESSES, KIOSK SPACES LEASED TO FOOD AND BEVERAGE VENDORS, BOUTIQUE SHOPS, AND ANTIQUE SHOPS, AS WELL AS A LATINO GROCERY MARKET AND EVEN SPACE AVAILABLE FOR SHORT-TERM RENTALS. CENTROVILLA25 CORPORATION AND ITS RELATED ENTITIES ARE RESPONSIBLE FOR ESTABLISHING THE FIRST DEDICATED LATINO CULTURAL DISTRICT IN CLEVELAND. DURING FISCAL YEAR ENDED JUNE 30, 2025, CENTROVILLA25 CORPORATION CONTINUED ITS WORK TO BRING TOGETHER THE HISPANIC COMMUNITY BY COMPLETING ADDITIONAL PHASES OF ITS FACILITY, HOSTING VARIOUS EVENTS, RECRUITING NEW TENANTS, AND LAUNCHING ADDITIONAL CULTURAL, ENTREPRENEURIAL, YOUTH, AND ARTISTIC COMMUNITY PROGRAMS. PARTNERSHIPS WITH NEW LOCAL ORGANIZATIONS WERE ESTABLISHED, AND THE NEW-MARKETS TAX CREDIT-STRUCTURED INVESTMENT WAS DEPLOYED, IN ADDITION TO SECURING GRANTS TO SUPPORT BUILD-OUT EXPENDITURES. CENTROVILLA25 CORPORATION OPENED ITS DOORS TO THE PUBLIC ON JANUARY 2, 2025, AND DURING THE SECOND HALF OF THE FISCAL YEAR MADE A SIGNIFICANT IMPACT WITHIN THE LATINO COMMUNITY THROUGH ITS PUBLIC MARKET AND ENTREPRENEURIAL PROGRAMMING. THE ORGANIZATION LAUNCHED ITS PUBLIC MARKET WITH 14 KIOSK VENDORS AND ENTREPRENEURS, PROVIDING OPPORTUNITIES FOR SMALL BUSINESS DEVELOPMENT AND ECONOMIC GROWTH. COLLECTIVELY, THE KIOSK PROGRAM GENERATED GROSS SALES OF 588,994.80 DURING THE REPORTING PERIOD. IN ADDITION, CENTROVILLA25 CORPORATION'S COMMERCIAL KITCHEN PROGRAM GENERATED 11,866.90 IN REVENUE AND SUPPORTED LOCAL FOOD-BASED ENTREPRENEURS. THROUGH THESE INITIATIVES, CENTROVILLA25 CORPORATION HELPED CREATE 30 JOBS WHILE FOSTERING ECONOMIC OPPORTUNITY AND COMMUNITY ENGAGEMENT WITHIN THE LATINO COMMUNITY. CENTROVILLA25 CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION WHICH WAS FORMED TO CULTIVATE A VIBRANT, AUTHENTIC, INCLUSIVE LATINO CULTURAL DISTRICT IN THE CLARK-FULTON NEIGHBORHOOD IN CLEVELAND, OHIO. CENTROVILLA25 CORPORATION SEEKS TO CATALYZE THE ECONOMIC IMPACT THROUGH JOB CREATION AND BUSINESS DEVELOPMENT, DEVELOPING A THRIVING LOCAL LIVING ECONOMY, AND CREATIVE PLACEMAKING THAT CELEBRATES LATINO CULTURE. CENTROVILLA25 CORPORATION OWNS AND OPERATES A FACILITY THAT INCLUDES OFFICE SPACE LEASED TO LATINO-OWNED BUSINESSES, KIOSK SPACES LEASED TO FOOD AND BEVERAGE VENDORS, BOUTIQUE SHOPS, AND ANTIQUE SHOPS, AS WELL AS A LATINO GROCERY MARKET AND EVEN SPACE AVAILABLE FOR SHORT-TERM RENTALS. CENTROVILLA25 CORPORATION AND ITS RELATED ENTITIES ARE RESPONSIBLE FOR ESTABLISHING THE FIRST DEDICATED LATINO CULTURAL DISTRICT IN CLEVELAND. DURING FISCAL YEAR ENDED JUNE 30, 2025, CENTROVILLA25 CORPORATION CONTINUED ITS WORK TO BRING TOGETHER THE HISPANIC COMMUNITY BY COMPLETING ADDITIONAL PHASES OF ITS FACILITY, HOSTING VARIOUS EVENTS, RECRUITING NEW TENANTS, AND LAUNCHING ADDITIONAL CULTURAL, ENTREPRENEURIAL, YOUTH, AND ARTISTIC COMMUNITY PROGRAMS. PARTNERSHIPS WITH NEW LOCAL ORGANIZATIONS WERE ESTABLISHED, AND THE NEW-MARKETS TAX CREDIT-STRUCTURED INVESTMENT WAS DEPLOYED, IN ADDITION TO SECURING GRANTS TO SUPPORT BUILD-OUT EXPENDITURES. CENTROVILLA25 CORPORATION OPENED ITS DOORS TO THE PUBLIC ON JANUARY 2, 2025, AND DURING THE SECOND HALF OF THE FISCAL YEAR MADE A SIGNIFICANT IMPACT WITHIN THE LATINO COMMUNITY THROUGH ITS PUBLIC MARKET AND ENTREPRENEURIAL PROGRAMMING. THE ORGANIZATION LAUNCHED ITS PUBLIC MARKET WITH 14 KIOSK VENDORS AND ENTREPRENEURS, PROVIDING OPPORTUNITIES FOR SMALL BUSINESS DEVELOPMENT AND ECONOMIC GROWTH. COLLECTIVELY, THE KIOSK PROGRAM GENERATED GROSS SALES OF 588,994.80 DURING THE REPORTING PERIOD. IN ADDITION, CENTROVILLA25 CORPORATION'S COMMERCIAL KITCHEN PROGRAM GENERATED 11,866.90 IN REVENUE AND SUPPORTED LOCAL FOOD-BASED ENTREPRENEURS. THROUGH THESE INITIATIVES, CENTROVILLA25 CORPORATION HELPED CREATE 30 JOBS WHILE FOSTERING ECONOMIC OPPORTUNITY AND COMMUNITY ENGAGEMENT WITHIN THE LATINO COMMUNITY.

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 April 2024.

    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.