Overview
What is Hazelwood Initiative Inc?
Hazelwood Initiative Inc, located in Pittsburgh, Pennsylvania, is a dedicated nonprofit organization with a mission to strengthen its community. Their primary focus lies in real estate development, encompassing both affordable housing and commercial projects. The affordable housing program aims to support existing homeowners and renters, helping them maintain their homes and transition into homeownership respectively. Simultaneously, their commercial development program strives to transform the neighborhood business district into a vibrant town center, while nurturing 40 entrepreneurs, small businesses, and organizations. With a team of nine dedicated individuals, Hazelwood Initiative Inc is committed to fostering an inclusive and thriving community in Pittsburgh.
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
Hazelwood Initiative Inc has received a solid Three-Star rating from Charity Navigator, reflecting a high level of accountability and financial management within the organization. The charity scored well in various metrics, showcasing a fully independent board and effective oversight measures. Its financial practices, including a strong program expense ratio and impressive fundraising efficiency, indicate a commitment to optimizing resources for its mission.
The organization demonstrates strong governance practices, with no material diversion of assets and a comprehensive conflict of interest policy in place. The maintenance of detailed board meeting minutes and the absence of loans between officers further enhance its credibility. The overall financial health is robust, as indicated by a low liabilities-to-assets ratio and a strong working capital ratio.
However, while the financial metrics are commendable, the rating does not provide insights into the specific impact of Hazelwood Initiative Inc's programs. Future feedback could benefit from more detailed assessments of the outcomes of their community initiatives to fully understand the effectiveness of their efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Hazelwood Initiative Inc legitimate?
Hazelwood Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hazelwood Initiative 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: $111,238
Professional Fundraising Fees: $0
Other Salaries and Wages: $365,280
For more financial information, click here
What is the mission statement of Hazelwood Initiative Inc?
The mission of Hazelwood Initiative Inc. is centered around strengthening communities. This organization aims to accomplish this by focusing on inclusive community development. Their real estate initiatives include promoting affordable housing for existing homeowners, assisting renters in becoming homeowners, and preserving and developing affordable rental housing. In addition, Hazelwood Initiative Inc. targets the revitalization of the neighborhood business district, turning it into a lively town center. Furthermore, they support the growth and development of 40 entrepreneurs, small businesses, and organizations within their community.
Who is the CEO of Hazelwood Initiative Inc?
Sonya Tilghman is the Executive Dir. of Hazelwood Initiative Inc.
What is the revenue of Hazelwood Initiative Inc?
Hazelwood Initiative Inc's revenue in 2022 was $3,197,103.
Who are the executives of Hazelwood Initiative Inc and what are their salaries?
The average compensation at Hazelwood Initiative Inc during 2022 was $52,946. There are 9 employees and 50 volunteers at Hazelwood Initiative Inc.
Here are 8 key members and their salaries:
- Compensation: $111,238
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hazelwood Initiative Inc?
Hazelwood Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hazelwood Initiative Inc
Hazelwood Initiative, a nonprofit organization, is dedicated to strengthening the community of Hazelwood through inclusive community development. Their mission encompasses two primary areas: real estate development and inclusive community building.
In the realm of real estate development, Hazelwood Initiative focuses on two main objectives. Firstly, they aim to assist existing homeowners in maintaining their residences by providing support with necessary deferred maintenance tasks. This initiative helps to preserve the integrity of homes and enables residents to continue living in their communities. Secondly, Hazelwood Initiative works towards empowering Hazelwood renters to become homeowners. They also strive to preserve and develop affordable rental housing, ensuring that a diverse range of individuals can afford to live in the community.
The commercial development program of Hazelwood Initiative is another crucial component of their mission. Their goal is to transform the neighborhood business district into a lively, walkable town center. By supporting the growth and development of 40 entrepreneurs, small businesses, and organizations, Hazelwood Initiative is actively contributing to the vibrancy and economic growth of the community.
In essence, Hazelwood Initiative's mission is to foster a stronger, more inclusive community by addressing the needs of both homeowners and renters, as well as by stimulating business growth and development. Their efforts aim to create a thriving, sustainable neighborhood where residents can live, work, and enjoy a high quality of life.
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Impact
October, 2024
Hazelwood Initiative Inc. plays a pivotal role in fostering inclusive community development in Hazelwood, Pittsburgh. By focusing on both real estate development and commercial revitalization, the organization aims to strengthen the community through targeted programs.
In affordable housing, Hazelwood Initiative helps existing homeowners navigate maintenance challenges and assists renters on their path to homeownership. This approach not only preserves the current housing stock but also enhances the overall stability and growth of the community. Their commitment to developing affordable rental options further ensures that residents have access to safe and sustainable housing.
On the commercial side, Hazelwood Initiative is dedicated to transforming the neighborhood business district into a vibrant, walkable town center, which is crucial for economic growth and community engagement. By supporting the development of new businesses and nurturing local entrepreneurs, the Initiative is helping to stimulate the economy while creating jobs and fostering a sense of community pride.
Overall, Hazelwood Initiative Inc. significantly contributes to the community by improving living conditions, enhancing economic opportunities, and promoting a more inclusive neighborhood environment, leading to a stronger and more connected Hazelwood.
This information is meant to be a general summary of Hazelwood Initiative 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: $5,087
- Program Service Revenue: $16,036
- Gross Receipts: $3,341,818
Assets and Liabilities:
- Total Assets: $14,161,652
- Total Liabilities: $5,013,718
- Net Assets: $9,147,934
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Newspaper Advertising
Revenue
$16,036
Organization Details
Founding Year
1999
Phone
(412) 421-7234Principal Officer
Sonya Tilghman
Main Address
4901 Second Avenue 2nd Floor, Pittsburgh, PA, 15207
NTEE Category
Code: S22 - Community improvement
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