Overview
What is 5 For 5 Inc?
5 For 5 Inc is a nonprofit organization committed to addressing issues of homeownership, literacy, and community improvement in areas with high dropout rates. They offer a lease-purchase agreement to individuals who might not otherwise afford homeownership. The property is transferred to the tenant upon fulfilling the lease terms, which include adhering to legal guidelines, enhancing the neighborhood, and achieving educational milestones. The organization's mission is to bridge the literacy gap and revitalize communities by promoting education, restoration, and homeownership through the renovation of dilapidated homes.
Official website here: www.read21.org
Is 5 For 5 Inc legitimate?
5 For 5 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 5 For 5 Inc submitted a form 990EZ, 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.
Official website here: www.read21.org
What is the mission statement of 5 For 5 Inc?
5 For 5 Inc's mission is centered around providing homeownership to individuals who might not be able to achieve it otherwise. This is accomplished through a lease/purchase agreement, with the property transferring to the tenant at the end of the lease term, under certain conditions related to adherence to the lease agreement. The organization aims to bridge the gap in literacy and enhance the community in areas with high drop-out rates by renovating blighted homes. 5 For 5 Inc also focuses on graduation and community restoration through its initiatives.
Official website here: www.read21.org
Who is the CEO of 5 For 5 Inc?
Joey Jefferson is the Treasurer of 5 For 5 Inc.
Official website here: www.read21.org
What is the revenue of 5 For 5 Inc?
5 For 5 Inc's revenue in 2021 was $64,347.
Official website here: www.read21.org
Who are the executives of 5 For 5 Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.read21.org
Where can I find the form 990EZ for 5 For 5 Inc?
5 For 5 Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.
Official website here: www.read21.org
Learn more at the official website: www.read21.org
Mission Statement of 5 For 5 Inc
5 For 5 Inc, as a nonprofit organization, is committed to bridging the gap in literacy and uplifting communities with high dropout rates. Its primary mission is to facilitate homeownership for individuals who may not otherwise have the opportunity. This is achieved through a lease/purchase agreement, where the tenant can acquire the property at the end of the lease term, provided they abide by the terms of the agreement regarding law-abiding behavior, neighborhood improvement, and graduation. Beyond homeownership, 5 For 5 Inc aims to restore and improve communities by renovating blighted homes. Its broader objective is to empower individuals and contribute to the betterment of the community.
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Impact
August, 2024
5 For 5 Inc's impact can be seen in its efforts to provide homeownership opportunities to individuals who may not have been able to achieve it otherwise. By offering a lease/purchase agreement, the organization is helping people secure a stable living situation and potentially build equity in a home. This not only addresses the issue of housing instability but also contributes to community improvement through neighborhood restoration and increasing homeownership rates. Additionally, by focusing on communities with high dropout rates and renovating blighted homes, 5 For 5 Inc is working towards closing the literacy gap and promoting educational attainment among residents. Overall, the organization's work has a multifaceted impact on individuals and communities, leading to positive outcomes in terms of housing stability, education, and neighborhood revitalization.
This information is meant to be a general summary of 5 For 5 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: $64,347
Assets and Liabilities:
- Total Assets: $55,011
- Total Liabilities: $0
- Net Assets: $55,011
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Organization Details
Phone
(901) 334-7460Principal Officer
Joey Jefferson
Main Address
PO BOX 724077, ATLANTA, GA, 31139
Website
www.read21.orgNTEE Category
Code: P20 - Human services
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