Overview
What is East Liberty Development Inc?
East Liberty Development Inc, situated in Pittsburgh, Pennsylvania, is a nonprofit organization with a mission to revitalize the East Liberty area. They specialize in community development, working on affordable housing and commercial real estate projects. Their activities are centered around collaborating with local communities to implement strategies that enhance the region. With a team of seven dedicated individuals, they strive to contribute positively to the East Liberty community's growth and well-being.
Official website here: www.eastliberty.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
East Liberty Development Inc has earned a Three-Star rating, indicating a solid performance in accountability and finance with an overall score of 76%. The organization demonstrates a strong commitment to governance, evidenced by having an entirely independent board of directors and a well-functioning audit and oversight committee. Their program expense ratio is quite favorable at 69.14%, suggesting that a significant portion of their expenditures supports their mission.
However, there are some areas for improvement that were noted in the feedback. The organization lacks a whistleblower policy and has not made its tax forms available on their website, which affected their scores in those categories. Additionally, their liabilities to assets ratio of 76.14% raised some concerns regarding financial stability, as it indicates a relatively high level of liabilities compared to assets. Overall, while East Liberty Development Inc shows strengths in governance and program spending, addressing these limitations could enhance their accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is East Liberty Development Inc legitimate?
East Liberty Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Liberty 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: $324,462
Professional Fundraising Fees: $0
Other Salaries and Wages: $304,920
For more financial information, click here
Official website here: www.eastliberty.org
What is the mission statement of East Liberty Development Inc?
East Liberty Development Inc's mission revolves around community development, specifically aimed at revitalizing a particular area. Their primary objective is to foster regeneration in this community. To achieve this, they develop and implement strategies to provide affordable housing and commercial real estate, integrating these initiatives with locally-driven strategies. The organization's work is geared towards improving the East Liberty area, without providing specific location details.
Official website here: www.eastliberty.org
Who is the CEO of East Liberty Development Inc?
Patrice Fowler-Searcy is the President of East Liberty Development Inc.
Official website here: www.eastliberty.org
What is the revenue of East Liberty Development Inc?
East Liberty Development Inc's revenue in 2022 was $777,821.
Official website here: www.eastliberty.org
Who are the executives of East Liberty Development Inc and what are their salaries?
The average compensation at East Liberty Development Inc during 2022 was $89,912. There are 7 employees at East Liberty Development Inc.
Here are 13 key members and their salaries:
- Compensation: $128,754
- Related: $0
- Other: $0
- Compensation: $103,008
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- Other: $0
- Compensation: $92,700
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- Other: $0
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- Other: $0
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- Other: $0
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Official website here: www.eastliberty.org
Where can I find the form 990 for East Liberty Development Inc?
East Liberty Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eastliberty.org
Learn more at the official website: www.eastliberty.org
Mission Statement of East Liberty Development Inc
East Liberty Development Inc, a community development organization, is committed to revitalizing the East Liberty area in Pittsburgh. Their mission is centered around implementing strategies to provide affordable housing and commercial real estate, all while working closely with the local community. Through this approach, they aim to breathe new life into the East Liberty district, enhancing its overall vitality and appeal.
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Impact
October, 2024
East Liberty Development Inc plays a crucial role in the revitalization of the East Liberty neighborhood in Pittsburgh. By focusing on community development, the organization implements strategic plans that provide affordable housing and commercial real estate, ensuring that residents have access to both homes and local businesses. This approach not only enhances the physical landscape of East Liberty but also fosters economic growth and stability within the community. Through collaborative efforts with community members, East Liberty Development Inc empowers residents, supports local initiatives, and promotes an inclusive environment, significantly impacting the overall quality of life in the area.
This information is meant to be a general summary of East Liberty 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 2022.
- Investment Income: $277,851
- Program Service Revenue: $8,063
- Gross Receipts: $924,390
Assets and Liabilities:
- Total Assets: $16,050,227
- Total Liabilities: $12,221,952
- Net Assets: $3,828,275
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee Income
Revenue
$8,063
Organization Details
Founding Year
1979
Principal Officer
Patrice Fowler-Searcy
Main Address
211 N Whitfield Street STE 204, Pittsburgh, PA, 15206
Website
www.eastliberty.orgNTEE Category
Code: S200 - Community improvement
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