Lgbt Housing Initiatve

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842525726 ✦ Westlae, OH ✦ Designated as a 501(c)(3)

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Overview

What is Lgbt Housing Initiatve?

The LGBT Housing Initiative is a nonprofit organization situated in Westlake, Ohio. Their primary focus is on improving home ownership within the LGBT+ community while simultaneously aiding at-risk and homeless LGBT+ youth. They accomplish this by raising funds, primarily from contributions made by LGBT+ realtors upon the sale of a home. These funds are then granted to various 501C3 organizations across the nation, specifically earmarked for programs aimed at addressing the needs of these vulnerable youth, such as providing essentials, meals, and mental health support. The organization carefully evaluates the grant applications, ensuring the allocated funds are utilized for designated programs rather than administrative expenses.


Official website here: www.lgbthousinginitiative.com

Is Lgbt Housing Initiatve legitimate?

Lgbt Housing Initiatve is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lgbt Housing Initiatve 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lgbthousinginitiative.com

What is the mission statement of Lgbt Housing Initiatve?

The LGBT Housing Initiative's mission is focused on enhancing home ownership within the LGBT+ community. The organization raises funds, primarily through contributions from LGBT+ realtors during property sales, to support organizations nationwide. These organizations work towards lifting at-risk and homeless LGBT+ youth out of their current predicament, aiming to alleviate their homelessness and housing insecurities. The Initiative approves grants for specific programs that these organizations propose, ensuring that the funding is utilized effectively to address the needs of the youth, without funding any administrative costs. The goal is to provide essential resources such as meals, necessities, and mental health support, ultimately helping these individuals regain stability.


Official website here: www.lgbthousinginitiative.com

Who is the CEO of Lgbt Housing Initiatve?

Michael Zinicola is the Trustee of Lgbt Housing Initiatve.


Official website here: www.lgbthousinginitiative.com

What is the revenue of Lgbt Housing Initiatve?

Lgbt Housing Initiatve's revenue in 2022 was $149,383.


Official website here: www.lgbthousinginitiative.com

Who are the executives of Lgbt Housing Initiatve and what are their salaries?

There 6 volunteers at Lgbt Housing Initiatve.


Here are 6 key members and their salaries:


Dave Gervase (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Zinicola (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Buchta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Moore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradford Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lgbthousinginitiative.com

Where can I find the form 990 for Lgbt Housing Initiatve?

Lgbt Housing Initiatve's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lgbthousinginitiative.com

Learn more at the official website: www.lgbthousinginitiative.com

Mission Statement of Lgbt Housing Initiatve

The LGBT Housing Initiative, an organization dedicated to its mission, aims to enhance home ownership rates within the LGBT+ community. It achieves this by collecting funds from LGBT+ realtors each time they close a home sale. The collected proceeds are then allocated to various 501C3 organizations across the nation, specifically those that focus on aiding at-risk and homeless LGBT+ youth. These grants serve to assist these youth in overcoming homelessness and housing insecurity, providing them with essential resources such as meals, necessities, and mental health support. The LGBT Housing Initiative meticulously evaluates the grant applications, ensuring that the funds are directed towards specific programs rather than administrative costs. The organization's mission is a testament to its commitment to empowering the LGBT+ community and helping vulnerable youth secure a stable living environment.

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Impact




October, 2024

The LGBT Housing Initiative has made a significant impact by enhancing home ownership rates within the LGBT+ community and supporting at-risk and homeless LGBT+ youth. By providing grant money to various organizations across the country, the initiative addresses pressing issues such as homelessness and housing insecurity.

The initiative's funding has reached multiple organizations, facilitating essential services ranging from meals and essential items to mental health support. Specifically, ten grants have been allocated to ten different organizations, ensuring that the funds are directed towards vital, on-the-ground programs rather than administrative costs. Each grant proposal is carefully reviewed by the board, focusing on the specific use of funds to maximize their effectiveness.

Moreover, the program is sustainably funded through small donations from LGBT+ realtors, creating a community-oriented approach to philanthropy. This model not only increases home ownership within the LGBT+ community but also plays a crucial role in lifting vulnerable youth out of homelessness, thereby fostering a more secure and empowered LGBT+ population.




This information is meant to be a general summary of Lgbt Housing Initiatve. 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.

Revenue
$149,383 (2022)
Expenses
$125,179 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $149,383

Assets and Liabilities:

  • Total Assets: $46,180
  • Total Liabilities: $0
  • Net Assets: $46,180

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Organization Details

Founding Year

2019

Principal Officer

Michael Zinicola

Main Address

2001 Crocker Road, Westlae, OH, 44145

NTEE Category

Code: P88 - Human services

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