NonprofitsWell Community Development Corporation

Community Improvement & Capacity Building

Well Community Development Corporation

AKRON, OH

Total revenue

$6.2M

Total expenses

$2.8M

Net assets

$11.1M

Grants received

$8.0M

75 grants

EIN

812680851

Tax year

2024

Mission

The well cdc invests in people through the built environment.

Programs

3 programs

Creating economy:fewer than 1% of residents both live and work in the neighborhood while employers in middlebury have thousands of unfilled jobs and the area's unemployment rate is consistently double that of greater akron. In addition, there are few spaces or incentives for entrepreneurs to establish new businesses that could increase commerce and job creation in middlebury.to combat this reality, the well's creating economy initiative aims to bridge the gap between the job skills of residents and the needs of local employers, encourage the adaptive reuse of our current assets to support entrepreneurship, and engage with anchor institutions. The well cdc offers several programs to support this initiative:- akron food works (afw) supports food entrepreneurship by helping entrepreneurs create, incubate, and elevate their food businesses. Afw removes barriers to those wishing to enter the food sector by offering a licensed physical space for food preparation with commercial grade equipment, on-site training and technical assistance, and by connecting entrepreneurs to sales opportunities to grow their business. The well can also offer afw businesses opportunities to lease affordable quality spaces within our commercial development projects.- 647 coffee operates as a successful social enterprise, with the coffee shop creating a sense of place for neighbors and serving as the front porch to the well cdc and the middlebury neighborhood. Profits are returned to the neighborhood by supporting the well's community development programming.- career development is a partnership of 20+ community-based organizations and employers that deliver a collaborative, trauma informed approach to workforce development that removes barriers to quality, living wage jobs. The program supports upward economic mobility and financial resiliency for women who have not had the resources to pursue an education or career including those without high school diplomas or who have criminal backgrounds.- commercial redevelopment of existing, often blighted, spaces in middlebury by the well preserve the bones of the neighborhood while creating entrepreneurial and employment opportunities within those spaces. Development projects currently include 647 e market st, 221 beaver st, 911-917 e. Market st, and 816 e market st as of 2024, the well cdc had supported over 150 akron food works kitchen users, engaged 238 women from the career development program with graduation rates recently exceeding 80%, and continued serving as a source for entrepreneurial opportunities, economic mobility, and social cohesion through 647 coffee, upgraded commercial spaces, and school and community-based programming.

Expenses: $930K

Supporting place:mason clc, the prek-5th grade elementary school serving middlebury, has a 50+% student mobility rate. To combat this reality, the well cdc seeks to develop deeper social cohesion within middlebury, not only to decrease the transiency rate, but to connect people to the place they live and to each other through the built environment. The well's akron hope program builds relationships and invests resources in students, families, and teachers to increase engagement and family stability in a place where the community naturally gathers. Akron hope partners with mason clc to provide classroom tutoring, community connections, and holiday outreach events.in 2024, the well cdc held 10 community connection events and supported over 700 students through programs at mason clc as well as helen arnold clc, a similarly situated school in akron's inner core, and also hosted 2 large scale neighborhood wide family friendly events.

Expenses: $319K

Other program services - operations

Financials

FY 2024

Revenue

Contributions & grants$5.3M
Program service revenue$869K
Investment income
Other revenue$162K
Total revenue$6.2M

Expenses

Grants paid
Salaries & benefits$1.1M
Fundraising$213K
Other expenses$1.7M
Total expenses$2.8M
Total assets$13.9M
Net assets$11.1M

People

17 listed

NameRoleCompensation

ZACHARY KOHL

EXECUTIVE DIRECTOR

Board

$138K

40 hrs/wk

DAVID GRIFFING

VICE CHAIR

Board

1 hrs/wk

MICHELLE DE LA ISLA THRU 0224

BOARD MEMBER

Board

0.5 hrs/wk

JAMES TALBERT

BOARD MEMBER

Board

0.5 hrs/wk

DAMEON JACKSON

BOARD MEMBER

Board

0.5 hrs/wk

SUE LACY

BOARD MEMBER

Board

0.5 hrs/wk

NATE OLLISH

BOARD MEMBER

Board

0.5 hrs/wk

DAN ROBERSON

BOARD MEMBER

Board

0.5 hrs/wk

RACHEL BRIDENSTINE

BOARD MEMBER

Board

0.5 hrs/wk

ALLAN HILL

BOARD MEMBER

Board

0.5 hrs/wk

RENEE KOCHIS

BOARD MEMBER

Board

0.5 hrs/wk

CRAIG MELNICK

BOARD MEMBER

Board

0.5 hrs/wk

JOHN REYES

BOARD MEMBER

Board

0.5 hrs/wk

KIRSTEN LINO

BOARD MEMBER

Board

0.5 hrs/wk

ANN DURR

BOARD MEMBER

Board

0.5 hrs/wk

TRACY CARTER

CHAIRPERSON

Board

1 hrs/wk

DAVID H MAYNARD

SENIOR FINANCE AND OPERATIONS DIRECTOR

Staff

$104K

40 hrs/wk

Independent contractors

RJ CONSTRUCTION AND HANDYMAN SERVICES

CONSTRUCTION

$405K

CURTISS CREW CONSTRUCTION

CONSTRUCTION

$159K

FERTIG CONSTRUCTION

CONSTRUCTION

$121K

Grants received

Showing 75 of 75

FromAmountPurposeYear
$1M
PROVIDE 1:1 MATCH OF THE CITY OF AKRONS $4,000,000 CONTRIBUTION OF AMERICAN RESCUE PLAN ACT FUNDING TO SUPPORT THE MIDDLEBURY HOUSING INITIATIVE.
2024
$169K
FOR GENERAL PROGRAM SUPPORT
2024
$150K
SOCIAL SERVICES
2024
$87K
AKRON FOOD WORKS
2024
$25K
OPERATIONAL & PROGRAM SUPPORT
2024
$14K
PARTNER SUSTAINABILITY GENERAL
2024
$12K
SEE PART IV - SUPPLEMENTAL INFORMATION
2024
$8K
GENERAL SUPPORT
2024
$5K
TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE
2024
$2M
PROVIDE 1:1 MATCH OF THE CITY OF AKRONS $4,000,000 CONTRIBUTION OF AMERICAN RESCUE PLAN ACT FUNDING TO SUPPORT THE MIDDLEBURY HOUSING INITIATIVE.
2023
$2M
PROVIDE 1:1 MATCH OF THE CITY OF AKRONS $4,000,000 CONTRIBUTION OF AMERICAN RESCUE PLAN ACT FUNDING TO SUPPORT THE MIDDLEBURY HOUSING INITIATIVE.
2023
$140K
READY FOR SUCCESS, YOUTH SUCCESS, FINANCIAL EMPOWERMENT, BASIC NEEDS
2023
$87K
TO SUPPORT AKRON FOOD WORKS
2023
$83K
FOR GENERAL PROGRAM SUPPORT
2023
$62K
PUBLIC, SOCIETAL BENEFIT
2023
$50K
GENERAL OPERATING SUPPORT
2023
$15K
HOUSING PROJECTS
2023
$14K
SEE PART IV - SUPPLEMENTAL INFORMATION
2023
$10K
RESTORING HOUSING-60 FOR 60 CAMPAIGN
2023
$10K
COMMUNITY DEVELOPMENT FUND
2023
$8K
CAREER DEVELOPMENT/WORKFORCE TRAINING AT THE WELL CDC
2023
$6K
For grant recipient's exempt purposes
2023
$4K
A-118-23 AKRON HOPE IN-CLASSROOM TUTORING
2023
$3K
TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE
2023
$3K
GENERAL OPERATING
2023
$3K
GENERAL SUPPORT
2023
$129K
TO SUPPORT WOMEN AND MOTHERS WITH CAREER DEVELOPMENT
2022
$100K
SOCIAL SERVICES
2022
$50K
GENERAL OPERATING SUPPORT
2022
$24K
SUPPORTING STUDENTS, TEACHERS, AND FAMILIES THROUGH RESOURCES AND RELATIONSHIPS AT HELEN ARNOLD CLC
2022
$15K
WORKFORCE DEVELOPMENT PROGRAM
2022
$10K
MIDDLEBURY WORKFORCE COALITION
2022
$9K
PUBLIC, SOCIETAL BENEFIT
2022
$6K
For grant recipient's exempt purposes
2022
$6K
TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE
2022
$5K
PROGRAM/PROJECT SUPPORT
2022
$3K
GENERAL SUPPORT
2022
$3K
A-90-22 AKRON HOPE IN-CLASSROOM TUTORING
2022
$49K
FOR THE ANNUAL FUNDRAISING CAMPAIGN
2021
$31K
DONOR DESIGNATIONS AND GRANT ALLOCATIONS
2021
$13K
INSTALLATION OF AKRON FOOD WORKS WALK IN COOLER/FREEZER
2021
$11K
For grant recipient's exempt purposes
2021
$11K
For grant recipient's exempt purposes
2021
$10K
SUPPORT FOR LOCAL COMMUNITIES
2021
$6K
PUBLIC, SOCIETAL BENEFIT
2021
$3K
GENERAL SUPPORT
2021
$1K
GENERAL OPERATING
2021
$1M
TO SCALE THE WELLS HOUSING REHABILITATION AND RENTAL PROGRAM, AND TO SUSTAIN THEIR OPERATIONS.
2020
$91K
TO SUPPORT THE RENTAL ASSISTANCE FUND
2020
$50K
GENERAL OPERATING SUPPORT
2020
$35K
to support year two of Akron Food Works and capacity building for additional work under The Well's economic development initiative
2020
$24K
DONOR DESIGNATIONS AND GRANT ALLOCATIONS
2020
$15K
PREVENTION, WELLNESS, ACCESS TO CARE AND HEALTH DISPARITIES
2020
$10K
RESTORING HOUSING IN THE MIDDLEBURY NEIGHBORHOOD
2020
$9K
INSTALLATION OF AKRON FOOD WORKS WALK IN COOLER/FREEZER
2020
$3K
GENERAL SUPPORT
2020
$2K
for diversity, equity, and inclusion training for board and staff members
2020
$1K
2018 GRANT AWARD
2020
$40K
FOR GENERAL PROGRAM SUPPORT
2019
$66K
TO SUPPORT THE MIDDLEBURY HOUSING REDEVELOPMENT INITIATIVE
2018
$2K
GENERAL SUPPORT
2018
$10K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$8.0M from 31 funders · 75 grants · 2017–2024

John S And James L Knight Foundation

$6M · 4 grants · 2020–2024

Akron Community Foundation

$626K · 7 grants · 2018–2024

Columbus Foundation

$250K · 2 grants · 2022–2024

United Way Of Summit And Medina

$219K · 4 grants · 2020–2023

Burton D Morgan Foundation Inc

$211K · 4 grants · 2020–2024

Draper Richards Kaplan Foundation

$150K · 3 grants · 2020–2023

Donor Advised Charitable Giving Inc

$77K · 3 grants · 2021–2023

Mary S & David C Corbin Foundation

$51K · 4 grants · 2020–2023

Details

EIN812680851
NTEE codeS30
Subsection03
Ruling date2017-01
Formed2016
Employees42
Volunteers345
WELL COMMUNITY DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo