Overview
What is Community Economic Advancement Initiative Inc?
Community Economic Advancement Initiative Inc, located in Cincinnati, Ohio, is a nonprofit organization with a mission to foster social, economic, and cultural advancement in the African-American community. They specialize in community development, focusing on construction, planning, and market expansion, aiming to eliminate blight and improve affordable housing. Their initiatives include projects such as Bond Hill Market, California Project, and Dawn Road affordable housing project. The organization also supports arts, education, recreation, employment, and spiritual growth within the community, promoting ownership, connection, caring, and kinship. With a modest workforce of just two individuals, Community Economic Advancement Initiative Inc continues to strive for community improvement and job creation.
Official website here: www.ceaicincy.org
Is Community Economic Advancement Initiative Inc legitimate?
Community Economic Advancement Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Economic Advancement 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: $91,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,617
For more financial information, click here
Official website here: www.ceaicincy.org
What is the mission statement of Community Economic Advancement Initiative Inc?
The Community Economic Advancement Initiative Inc., in its mission, focuses on promoting social, economic, and cultural development within the arts, education, recreation, employment, and spirituality sectors. This organization aims to foster a sense of ownership, connection, caring, and kinship within the African-American community. They achieve this by initiating various projects, such as redeveloping community properties, creating jobs, and investing in affordable housing. Specifically, they have launched initiatives like the Bond Hill Market, California Project, and the Dawn Road affordable housing project, all aimed at removing blight and revitalizing the neighborhood market and office spaces, while also providing training opportunities.
Official website here: www.ceaicincy.org
Who is the CEO of Community Economic Advancement Initiative Inc?
Eugene Ellington is the Chairman of Community Economic Advancement Initiative Inc. The CEO's salary of Community Economic Advancement Initiative Inc is $0 and their total compensation is $0.
Official website here: www.ceaicincy.org
What is the revenue of Community Economic Advancement Initiative Inc?
Community Economic Advancement Initiative Inc's revenue in 2022 was $291,912.
Official website here: www.ceaicincy.org
Who are the executives of Community Economic Advancement Initiative Inc and what are their salaries?
The average compensation at Community Economic Advancement Initiative Inc during 2022 was $69,142. There are 2 employees at Community Economic Advancement Initiative Inc.
Here are 9 key members and their salaries (Community Economic Advancement Initiative Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.ceaicincy.org
Where can I find the form 990 for Community Economic Advancement Initiative Inc?
Community Economic Advancement Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ceaicincy.org
Learn more at the official website: www.ceaicincy.org
Mission Statement of Community Economic Advancement Initiative Inc
Community Economic Advancement Initiative Inc is committed to fostering social, economic, and cultural development in the arts, education, recreation, employment, and spirituality within the African-American community. Their mission involves creating and supporting initiatives that encourage ownership, connection, caring, and kinship within this community. The organization seeks to achieve this by engaging in various activities, such as community construction, planning, development of neighborhood markets, and the creation of affordable housing.
Three specific projects have been initiated by Community Economic Advancement Initiative Inc to further its mission. The first project, Bond Hill Market, aims to revitalize a local marketplace, providing essential goods and services to the community. The second project, California Project, focuses on the development of office and training spaces to support local businesses and employment opportunities. Lastly, the Dawn Road affordable housing project is dedicated to providing affordable housing solutions for community members, thereby addressing the issue of housing blight and investing in the future of the community.
By engaging in these activities, Community Economic Advancement Initiative Inc hopes to create an environment that fosters social and economic development, empowering the African-American community and enhancing their overall quality of life.
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Impact
October, 2024
Community Economic Advancement Initiative Inc actively fosters social, economic, and cultural development, particularly focusing on the African-American community in Cincinnati, Ohio. By redeveloping community properties, the initiative directly addresses community needs through construction planning and development, which includes establishing neighborhood markets and office spaces for training and employment.
The organization's impactful projects, such as the Bond Hill Market, the California Project, and the Dawn Road affordable housing initiative, demonstrate a commitment to revitalizing neighborhoods, reducing blight, and investing in affordable housing solutions. These efforts not only create jobs but also enhance community ownership, connection, and a sense of kinship among residents.
Through its multifaceted approach, the initiative promotes economic empowerment and supports cultural enrichment, significantly improving the quality of life in the areas it serves. The focus on education, recreation, and spirituality further strengthens community ties, fostering a supportive environment that encourages growth and development.
This information is meant to be a general summary of Community Economic Advancement 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: $110,039
- Program Service Revenue: $160,488
- Gross Receipts: $831,873
Assets and Liabilities:
- Total Assets: $658,390
- Total Liabilities: $170,654
- Net Assets: $487,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Economic Develoment
Revenue
$160,488
Organization Details
Founding Year
2015
Phone
(513) 429-2158Principal Officer
Eugene Ellington
Main Address
1237 California Ave, Cincinnati, OH, 45237
Website
www.ceaicincy.orgNTEE Category
Code: I20 - Crime
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