Overview
What is Neighborhood Allies Inc?
Neighborhood Allies Inc is a nonprofit organization situated in Pittsburgh, Pennsylvania. Their primary goal is to revitalize neighborhoods through a Real Estate Accelerator program. This initiative focuses on co-creating real estate solutions that benefit the community, address affordable housing, small businesses, and placemaking efforts. Neighborhood Allies provides capital, technical assistance, capacity building, and connections with experienced real estate professionals to community-based organizations, resident developers, and small business owners. Their mission is to engage Pittsburgh area residents and organizations with innovative tools for transformative community change, ultimately aiming to create opportunities for growth in Black and Brown communities, while fostering a pipeline of investable projects. The organization is committed to helping community residents, organizations, and partners transform distressed neighborhoods into sustainable communities of choice and opportunity by improving social and physical infrastructure.
Official website here: www.neighborhoodallies.org
Is Neighborhood Allies Inc legitimate?
Neighborhood Allies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Allies 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: $525,639
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,797,041
For more financial information, click here
Official website here: www.neighborhoodallies.org
What is the mission statement of Neighborhood Allies Inc?
Neighborhood Allies Inc is committed to assisting community residents, organizations, and partners in transforming distressed neighborhoods into healthy and sustainable communities of choice and opportunity. This is achieved by creating community partnerships, connecting low to moderate income households in distressed and transitioning communities with valuable resources, and celebrating progress and success. The organization's mission is to engage Pittsburgh area residents and organizations with innovative tools that expand opportunity for transformative community change. Their Real Estate Accelerator program aims to revitalize neighborhoods by co-creating real estate solutions that are resident-focused, impact affordable housing, small businesses, and placemaking efforts. Through this program, they provide capital, technical assistance, capacity building, and connections with experienced real-estate professionals.
Official website here: www.neighborhoodallies.org
Who is the CEO of Neighborhood Allies Inc?
Presley Gillespie is the CEO of Neighborhood Allies Inc The CEO's salary of Neighborhood Allies Inc is $255,623 and their total compensation is $330,415.
Official website here: www.neighborhoodallies.org
What is the revenue of Neighborhood Allies Inc?
Neighborhood Allies Inc's revenue in 2024 was $6,314,022.
Official website here: www.neighborhoodallies.org
Who are the executives of Neighborhood Allies Inc and what are their salaries?
The average compensation at Neighborhood Allies Inc during 2024 was $89,334. There are 26 employees at Neighborhood Allies Inc.
Here are 15 key members and their salaries (Neighborhood Allies Inc's CEO's salary is $255,623 and their total compensation is $330,415):
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- Other: $72,223
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- Compensation: $255,623
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- Other: $74,792
- Compensation: $169,425
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- Other: $25,800
- Compensation: $141,945
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- Other: $17,036
- Compensation: $101,787
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- Other: $49,673
- Compensation: $107,887
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- Other: $47,233
Official website here: www.neighborhoodallies.org
Where can I find the form 990 for Neighborhood Allies Inc?
Neighborhood Allies Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.neighborhoodallies.org
Learn more at the official website: www.neighborhoodallies.org
Mission Statement of Neighborhood Allies Inc
Neighborhood Allies Inc, a dedicated organization, is committed to assisting community residents, organizations, and partners in transforming distressed neighborhoods into healthy and sustainable communities of choice and opportunity. They achieve this by improving the social and physical infrastructure of these areas. Neighborhood Allies Inc engages Pittsburgh area residents and organizations with innovative tools, aiming to expand opportunities for transformative community change.
In terms of its mission, Neighborhood Allies Inc focuses on revitalizing neighborhoods by co-creating real estate solutions that are resident-focused and impact affordable housing, small businesses, and placemaking efforts. This is accomplished through their Real Estate Accelerator program, which provides capital, technical assistance, capacity building, and connections with experienced real estate professionals. The ultimate goal of this program is to create more opportunities for community ownership in Black and Brown communities, as well as a pipeline of investable projects. Overall, Neighborhood Allies Inc is dedicated to empowering communities and fostering sustainable growth and development.
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Impact
October, 2024
Neighborhood Allies Inc. has a significant impact on transforming distressed neighborhoods into vibrant, healthy communities by enhancing their social and physical infrastructure. Through the cultivation of community partnerships, the organization connects low to moderate-income households in transitioning areas with essential resources, fostering a supportive network that celebrates progress and success.
One of the key initiatives is the Real Estate Accelerator, which aims to revitalize neighborhoods by co-creating solutions that focus on affordable housing, small businesses, and placemaking. This program provides much-needed capital, technical assistance, and capacity building while facilitating connections with experienced real estate professionals who offer mentorship and guidance. By focusing on community-based organizations, resident developers, and small business owners, Neighborhood Allies Inc. creates opportunities for community ownership, particularly in Black and brown neighborhoods.
Overall, the organization's work not only addresses immediate community needs but also lays the groundwork for long-term, sustainable growth and resilience, ultimately expanding opportunities for transformative change in the Pittsburgh area.
This information is meant to be a general summary of Neighborhood Allies 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 2024.
- Investment Income: $330,004
- Program Service Revenue: $207,623
- Gross Receipts: $6,314,022
Assets and Liabilities:
- Total Assets: $16,458,287
- Total Liabilities: $342,522
- Net Assets: $16,115,765
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE REVENUE
Revenue
$207,623
Organization Details
Founding Year
1983
Principal Officer
Presley L Gillespie
Website
www.neighborhoodallies.orgNTEE Category
Code: S20 - Community improvement
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