Overview
What is East Bay Asian Local Development Corporation?
The East Bay Asian Local Development Corporation is a nonprofit organization based in Oakland, California, specifically at 1825 SAN PABLO AVENUE NO 200. Founded in 1975, this organization grew out of community activism addressing the displacement and disruption in Oakland's Chinatown at the time. Their mission is to strengthen community connections and help people grow together. They partner with residents and local leaders to co-create neighborhood solutions, preserving affordable housing and preventing large rent increases. This enables residents to remain in their homes. The East Bay Asian Local Development Corporation has made significant strides, preserving 257 units of affordable housing, developing over 2,200 units in Oakland and across the East Bay, and serving more than 6,000 people annually through comprehensive services for low-income households and individuals. Their vision is to create an East Bay where everyone has a place to call home, children can access quality education, residents can obtain good jobs, families can enjoy welcoming public spaces, and neighbors can enjoy culture and creativity. They currently employ 197 individuals.
Official website here: www.ebaldc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The East Bay Asian Local Development Corporation has received an impressive Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. This rating is based entirely on the organization's adherence to best practices in financial operations, as evidenced by a perfect score in all evaluated areas. Such ratings indicate a high level of transparency and responsible management of resources.
The organization boasts a 100% independent board and a large board size of 18 members, which enhances its governance and oversight capabilities. Its financial practices have been rigorously audited, and there have been no significant issues regarding asset diversion. Additionally, it maintains comprehensive policies regarding conflicts of interest and whistleblower protections, further demonstrating its commitment to ethical operations.
However, while the East Bay Asian Local Development Corporation excels in financial accountability and transparency, potential donors and stakeholders may want to review its program outcomes and community impact to gain a fuller picture of its effectiveness. Overall, the organization is well-managed and dedicated to its mission within the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about East Bay Asian Local Development Corporation?
78% of 16 reviewers on Facebook recommend the East Bay Asian Local Development Corporation. However, the sentiment among those who shared their experiences appears mixed.
A significant concern has been raised regarding the reliability of the organization's staff, with mentions of no-shows for appointments that left some clients feeling neglected and frustrated. The lack of a clear communication line, as highlighted by experiences with the answering service, contributes to an impression of inefficiency.
While some individuals express doubt about the service delivery, others might have benefited from the organization in different capacities, but the predominant feedback suggests that there's room for improvement in communication and professionalism.
This AI summary has been generated from reviews found on Facebook.
Is East Bay Asian Local Development Corporation legitimate?
East Bay Asian Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Bay Asian Local Development Corporation 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: $527,510
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,476,025
For more financial information, click here
Official website here: www.ebaldc.org
What is the mission statement of East Bay Asian Local Development Corporation?
The East Bay Asian Local Development Corporation strives to create healthy, vibrant, and safe neighborhoods for all residents. Their vision is an East Bay where everyone has a place to call home, children have access to quality education, residents can obtain good jobs, families can enjoy welcoming public spaces, and neighbors can connect through culture and creativity. The organization grew from community activism addressing displacement and disruption in the East Bay. They partner with residents and local leaders to co-create neighborhood solutions, preserve affordable housing, and prevent large rent increases, enabling residents to remain in their homes. To date, they have preserved 257 units of affordable housing, developed over 2,200 units in Oakland and the East Bay, and served more than 6,000 people annually with comprehensive services for low-income households and individuals.
Official website here: www.ebaldc.org
Who is the CEO of East Bay Asian Local Development Corporation?
Lina Sheth is the Board Chair of East Bay Asian Local Development Corporation. The CEO's salary of East Bay Asian Local Development Corporation is $257,315 and their total compensation is $261,000.
Official website here: www.ebaldc.org
What is the revenue of East Bay Asian Local Development Corporation?
East Bay Asian Local Development Corporation's revenue in 2022 was $19,655,670.
Official website here: www.ebaldc.org
Who are the executives of East Bay Asian Local Development Corporation and what are their salaries?
The average compensation at East Bay Asian Local Development Corporation during 2022 was $40,627. There are 197 employees and 200 volunteers at East Bay Asian Local Development Corporation.
Here are 26 key members and their salaries (East Bay Asian Local Development Corporation's CEO's salary is $257,315 and their total compensation is $261,000):
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- Compensation: $257,315
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- Other: $3,685
- Compensation: $196,259
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- Compensation: $157,392
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- Other: $23,460
- Compensation: $116,483
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- Other: $12,703
Official website here: www.ebaldc.org
Where can I find the form 990 for East Bay Asian Local Development Corporation?
East Bay Asian Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ebaldc.org
Learn more at the official website: www.ebaldc.org
Mission Statement of East Bay Asian Local Development Corporation
The East Bay Asian Local Development Corporation, or EBALDC, is a pioneering organization dedicated to building healthy, vibrant, and safe neighborhoods for the diverse populations of the East Bay. With a rich history that began in 1975, EBALDC grew from community activism aimed at addressing the displacement and disruption threatening Oakland's Chinatown at that time.
In line with their mission, EBALDC envisions a future where everyone in the East Bay has a place to call home. They strive to ensure that children have access to quality education, residents can obtain good jobs, families can enjoy welcoming public spaces, and neighbors can connect through culture and creativity. By partnering with residents and local leaders, EBALDC co-creates neighborhood solutions, empowering everyone to play a role in shaping their community's future.
Moreover, EBALDC is committed to preserving affordable housing and stabilizing existing rents to prevent large rent increases. This focus allows residents to remain in their homes. To date, they have succeeded in preserving 257 units of affordable housing and developing over 2,200 units of affordable housing in Oakland and across the East Bay. Additionally, EBALDC serves more than 6,000 people annually through comprehensive services for low-income households and individuals.
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Impact
October, 2024
The East Bay Asian Local Development Corporation (EBALDC) plays a crucial role in strengthening the community fabric of the East Bay, particularly Oakland. By focusing on diverse populations, EBALDC fosters vibrant and safe neighborhoods where residents can connect, collaborate, and thrive together.
Since its inception in 1975, born from a community-driven response to the threats facing Oakland's Chinatown, EBALDC has dedicated itself to co-creating solutions with local residents and leaders. This collaborative approach ensures that community voices are heard and have a significant impact on shaping the neighborhood's future.
One of EBALDC's major achievements includes the preservation of 257 units of affordable housing, alongside the development of over 2,200 additional units throughout Oakland and the East Bay region. This vital work stabilizes existing rental situations, helping to prevent displacement and allowing longtime residents to maintain their homes and communities.
In addition to housing initiatives, EBALDC serves over 6,000 people annually by providing comprehensive services tailored to low-income households and individuals. Their holistic mission encompasses access to education, job opportunities, public spaces, and cultural engagement, ultimately envisioning an East Bay where everyone has a place to call home and can contribute to a thriving community.
This information is meant to be a general summary of East Bay Asian Local Development Corporation. 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: $961,712
- Program Service Revenue: $11,034,219
- Gross Receipts: $19,732,683
Assets and Liabilities:
- Total Assets: $136,452,614
- Total Liabilities: $50,397,174
- Net Assets: $86,055,440
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$4,383,305
DEVELOPMENT AND RELATED FEES
Revenue
$2,537,030
PROPERTY MANAGEMENT FEES
Revenue
$1,532,248
RESIDENT SERVICES FEES
Revenue
$944,682
OTHER PROGRAM SERVICE FEES
Revenue
$559,208
Organization Details
Founding Year
1975
Phone
(510) 287-5353Principal Officer
Lina Sheth
Main Address
1825 SAN PABLO AVENUE NO 200, OAKLAND, CA, 94612
Website
www.ebaldc.orgNTEE Category
Code: S200 - Community improvement
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