Overview
What is Self-Help Economic Development Inc?
Self-Help Economic Development Inc, based in Oakland, California, is a nonprofit organization dedicated to fostering economic growth and financial literacy among low-income individuals, people of color, and communities in economically disadvantaged areas. In collaboration with Self-Help Federal Credit Union, they promote homeownership opportunities for first-time home buyers with moderate to low incomes. Additionally, they offer financial education programs to help low-wage earners manage their finances better. Furthermore, they develop initiatives to serve the unbanked population in California. Their mission is deeply rooted in the belief that financial literacy and economic development can significantly improve the lives of underserved communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
Self-Help Economic Development Inc has earned a 74% rating from Charity Navigator, indicating some strengths in its financial accountability and transparency. The organization shows excellent program expense ratios, meaning that 100% of its expenses are allocated towards its programs. Additionally, they have established policies for conflict of interest, whistleblower protections, and document retention, which demonstrate good governance practices.
However, the organization faces significant challenges regarding board independence, as it has no independent board members, scoring 0% in this area. The absence of an independent board could raise concerns about governance and oversight. Furthermore, the organization’s website is not listed on its tax form, highlighting a lack of accessibility for stakeholders seeking more information about its operations.
Overall, while Self-Help Economic Development Inc exhibits strong programmatic focus and effective policies for governance, its lack of independent oversight and website presence point to areas for improvement in transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Self-Help Economic Development Inc legitimate?
Self-Help Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Self-Help Economic Development Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Self-Help Economic Development Inc?
Self-Help Economic Development Inc is dedicated to advancing economic development and financial literacy among low-income individuals, people of color, and those residing in economically disadvantaged areas. Their mission is to actively promote these objectives through collaborations and initiatives, such as facilitating home ownership for first-time home buyers with moderate incomes, providing financial education to wage earners with low income, and developing programs to assist the unbanked population in California. The organization's work aims to empower these communities and enhance their financial well-being.
Who is the CEO of Self-Help Economic Development Inc?
Steve Zuckerman is the Director Treasurer & Secret of Self-Help Economic Development Inc. The CEO's salary of Self-Help Economic Development Inc is $0 and their total compensation is $116,069.
What is the revenue of Self-Help Economic Development Inc?
Self-Help Economic Development Inc's revenue in 2021 was $25,000.
Who are the executives of Self-Help Economic Development Inc and what are their salaries?
Here are 7 key members and their salaries (Self-Help Economic Development Inc's CEO's salary is $0 and their total compensation is $116,069):
- Compensation: $0
- Related: $115,119
- Other: $37,165
- Compensation: $0
- Related: $125,369
- Other: $18,524
- Compensation: $0
- Related: $125,951
- Other: $13,455
- Compensation: $0
- Related: $84,556
- Other: $37,343
- Compensation: $0
- Related: $85,878
- Other: $30,191
- Compensation: $0
- Related: $76,056
- Other: $17,134
- Compensation: $0
- Related: $62,403
- Other: $16,668
Where can I find the form 990 for Self-Help Economic Development Inc?
Self-Help Economic Development Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Self-Help Economic Development Inc
Self-Help Economic Development Inc, as a nonprofit organization, is dedicated to promoting economic development and financial literacy among low-income individuals, people of color, and those residing in economically disadvantaged areas. Their mission is twofold: to foster economic growth and to educate people on financial management. In alignment with this goal, Self-Help Economic Development Inc partners with Self-Help Federal Credit Union to facilitate home ownership for first-time, low and moderate-income home buyers. They also offer financial education to low-wage earners and work on developing programs to cater to the unbanked population in California. By focusing on these areas, Self-Help Economic Development Inc seeks to empower individuals and communities, enabling them to improve their economic circumstances and build a more stable financial future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Self-Help Economic Development Inc's impact is significant in promoting economic development and financial literacy for low-income individuals, people of color, and residents of economically depressed areas. Through partnerships with organizations like Self-Help Federal Credit Union, Self-Help Economic Development Inc has facilitated home ownership opportunities for low and moderate-income first-time home buyers. Additionally, they have provided financial education to low-income wage earners and developed programs to support the unbanked population in California. By focusing on empowering marginalized communities with financial knowledge and resources, Self-Help Economic Development Inc plays a crucial role in promoting economic empowerment and stability for those in need.
This information is meant to be a general summary of Self-Help Economic Development Inc. 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 2021.
- Gross Receipts: $25,000
Assets and Liabilities:
- Total Assets: $454
- Total Liabilities: $0
- Net Assets: $454
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2005
Principal Officer
Steve Zuckerman
Main Address
1970 Broadway Street Suite 350, Oakland, CA, 94612
NTEE Category
Code: P51 - Human services
If you are a representative of Self-Help Economic Development Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.