Overview
What is Habitat For Neighborhood Business?
Habitat for Neighborhood Business is a nonprofit organization situated in Saint Louis, Missouri, dedicated to boosting economic development in distressed urban areas predominantly inhabited by low-income minorities and disadvantaged individuals. They achieve this by acquiring and revitalizing blighted properties, leasing them at affordable rates to local entrepreneurs, and offering business guidance, training, and mentorship to help these entrepreneurs thrive. Moreover, the organization collaborates with graduate business students from partner universities to provide real-world business experience, while also supplying necessary resources to the entrepreneurs, such as computers and software. The ultimate goal is to inspire economic growth, create jobs, and serve as a role model for youth in these neighborhoods, showing them that small business ownership can be a viable path to success.
Official website here: www.habitatforneighborhoodbusiness.org
Is Habitat For Neighborhood Business legitimate?
Habitat For Neighborhood Business is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat For Neighborhood Business submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.habitatforneighborhoodbusiness.org
What is the mission statement of Habitat For Neighborhood Business?
Habitat for Neighborhood Business dedicates its resources to running a program aimed at fostering economic growth in distressed urban areas mainly inhabited by low-income minorities or other disadvantaged groups. Their primary objective is to stimulate economic development and create job opportunities in economically depressed neighborhoods. By doing so, they aim to stabilize these communities and discourage people from leaving, thereby increasing the number of business role models within these neighborhoods. This, in turn, provides a positive example for youth living in these areas, showing them that small business ownership can be a viable pathway to success.
Official website here: www.habitatforneighborhoodbusiness.org
Who is the CEO of Habitat For Neighborhood Business?
David M Copeland is the President of Habitat For Neighborhood Business.
Official website here: www.habitatforneighborhoodbusiness.org
What is the revenue of Habitat For Neighborhood Business?
Habitat For Neighborhood Business's revenue in 2022 was $217,994.
Official website here: www.habitatforneighborhoodbusiness.org
Who are the executives of Habitat For Neighborhood Business and what are their salaries?
There 25 volunteers at Habitat For Neighborhood Business.
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Official website here: www.habitatforneighborhoodbusiness.org
Where can I find the form 990 for Habitat For Neighborhood Business?
Habitat For Neighborhood Business's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.habitatforneighborhoodbusiness.org
Learn more at the official website: www.habitatforneighborhoodbusiness.org
Mission Statement of Habitat For Neighborhood Business
Habitat for Neighborhood Business dedicates its resources to operating a program aimed at stimulating economic development in distressed urban areas primarily inhabited by low-income minority or other disadvantaged individuals. The primary objective of this organization is to spark economic growth and create job opportunities in economically depressed neighborhoods. Furthermore, it aims to stabilize these neighborhoods and discourage residents from leaving, referred to as "flight," and increase the number of business role models within these communities. By showcasing small business ownership as a viable path to success for the youth residing in these neighborhoods, Habitat for Neighborhood Business contributes to the overall improvement and development of these communities.
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Impact
October, 2024
Habitat for Neighborhood Business has a significant impact on economically distressed urban areas, focusing primarily on neighborhoods inhabited by low-income, minority, and disadvantaged individuals. By acquiring blighted or vacant properties, the organization revitalizes these spaces into operational retail businesses owned by local entrepreneurs. This approach not only stimulates economic development but also fosters job creation, helping to stabilize communities and combat economic decline.
The organization offers extensive support to entrepreneurs, including guidance in planning, budgeting, and business training. By providing mentoring and coaching, they enhance the skills and confidence of local business owners, empowering them to thrive in their enterprises. This is coupled with logistical support, such as access to technology and resources, creating a conducive environment for business growth.
Furthermore, Habitat for Neighborhood Business encourages collaboration among entrepreneurs through organized meetings, which cultivate a sense of community and shared learning. By acting as a bridge between academic institutions and local enterprise, they also provide valuable real-life business experiences for graduate students. This initiative not only aids current entrepreneurs but also inspires youth in the community by showcasing successful business role models, thereby promoting the idea of small business ownership as a viable path to success.
Through these multifaceted activities, Habitat for Neighborhood Business significantly contributes to the overall improvement of community dynamics, fostering a resilient economic landscape and promoting sustainable development in neighborhoods that might otherwise struggle to attract investment and opportunity.
This information is meant to be a general summary of Habitat For Neighborhood Business. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,662
- Program Service Revenue: $71,960
- Gross Receipts: $217,994
Assets and Liabilities:
- Total Assets: $1,624,070
- Total Liabilities: $38,653
- Net Assets: $1,585,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$71,960
Organization Details
Founding Year
2006
Phone
(314) 977-3625Principal Officer
David M Copeland
Main Address
3674 LINDELL BLVD SUITE DS 100, SAINT LOUIS, MO, 63108
NTEE Category
Code: S990 - Community improvement
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