Overview
What is Sixth Economic Empowerment Development Inc?
Sixth Economic Empowerment Development Inc, commonly known as SEED, is a nonprofit organization situated in Pittsburgh, Pennsylvania. Their primary mission is to provide affordable housing for 37 low-income individuals, with assistance from government subsidies. Beyond providing shelter, SEED aims to transform these renters into potential homeowners by instilling the importance of homeownership and community responsibility. This holistic approach seeks to empower its residents, fostering a sense of self-sufficiency and active participation in their community.
Official website here: www.seedevinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Sixth Economic Empowerment Development Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance primarily in accountability and finance. The organization demonstrates a strong commitment to governance, as evidenced by its independent board structure, with all members being independent, and a clear conflict of interest policy in place. Additionally, the charity maintains transparency by having its website listed on tax forms and documenting board meeting minutes.
While the charity excels in several governance areas, it faces challenges related to its financial ratios. Specifically, the liabilities to assets ratio is concerning, sitting at 101.63%, which indicates potential financial instability. However, the organization showcases effective program expense management, with a program expense ratio of 100%, suggesting that it effectively allocates its resources towards fulfilling its mission.
Overall, Sixth Economic Empowerment Development Inc demonstrates a commendable level of accountability and operational integrity. Nonetheless, stakeholders may want to monitor its financial health closely due to the high liabilities in relation to its assets.
This AI summary has been generated from information found on Charity Navigator.
Is Sixth Economic Empowerment Development Inc legitimate?
Sixth Economic Empowerment Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sixth Economic Empowerment Development 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.
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Official website here: www.seedevinc.com
What is the mission statement of Sixth Economic Empowerment Development Inc?
Sixth Economic Empowerment Development Inc's mission is centered around assisting low-income renters. The organization aims to transform these renters into potential homeowners by instilling the value of homeownership and fostering a sense of community responsibility. To achieve this, SEEDS provides affordable housing with the help of government subsidies, serving 37 such renters. The ultimate goal is to empower these individuals, enabling them to secure long-term housing solutions.
Official website here: www.seedevinc.com
Who is the CEO of Sixth Economic Empowerment Development Inc?
Glenn Williams is the Board Member of Sixth Economic Empowerment Development Inc.
Official website here: www.seedevinc.com
What is the revenue of Sixth Economic Empowerment Development Inc?
Sixth Economic Empowerment Development Inc's revenue in 2022 was $470,278.
Official website here: www.seedevinc.com
Who are the executives of Sixth Economic Empowerment Development Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.seedevinc.com
Where can I find the form 990 for Sixth Economic Empowerment Development Inc?
Sixth Economic Empowerment Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seedevinc.com
Learn more at the official website: www.seedevinc.com
Mission Statement of Sixth Economic Empowerment Development Inc
Sixth Economic Empowerment Development Inc, abbreviated as SEEDS, is committed to assisting low-income renters and transforming them into potential homeowners. This is achieved by instilling the value of homeownership and fostering a sense of community responsibility. The organization's mission is to provide affordable housing to 37 such individuals, with the assistance of government subsidies. By doing so, SEEDS aims to empower these renters, equipping them with the knowledge and resources needed to become homeowners. This approach not only improves their living conditions but also encourages their active participation in their community.
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Impact
July, 2024
Sixth Economic Empowerment Development Inc has had a significant impact on the community of Pittsburgh, PA by providing affordable housing to 37 low-income renters. Through their mission to assist low-income renters and turn them into potential homeowners, SEED has not only helped individuals secure stable and affordable housing but has also taught them the value of homeownership and community responsibility. By leveraging government subsidies, SEED has been able to make a tangible difference in the lives of those they serve, ultimately contributing to the improvement of the community as a whole.
This information is meant to be a general summary of Sixth Economic Empowerment Development 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: $269
- Program Service Revenue: $460,890
- Gross Receipts: $470,278
Assets and Liabilities:
- Total Assets: $2,626,821
- Total Liabilities: $2,669,827
- Net Assets: -$43,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$461,018
DISCOUNTS/REFUNDS GIVEN
Revenue
-$128
Organization Details
Founding Year
2016
Phone
(412) 450-8081Principal Officer
Glenn Williams
Main Address
534 ELMER WILLIAMS SQ SIDE ENTRY, PITTSBURGH, PA, 15206
Website
www.seedevinc.comNTEE Category
Code: S20 - Community improvement
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