Overview
What is Healthy Community Education Partners Inc?
Healthy Community Education Partners Inc, situated in Jackson, Tennessee, and Madison County, aims to alleviate the financial strain on local government by constructing educational facilities in low-income communities. The organization acquires land from the Jackson Community Redevelopment Authority under a long-term ground lease at no cost. They finance the construction of these buildings through traditional loans and New Markets Tax Credit financing, which allows them to lease the buildings to the Jackson-Madison County School District at below-market rates. By doing so, Healthy Community Education Partners Inc helps make educational opportunities more accessible to residents living in designated slums or blighted areas.
Is Healthy Community Education Partners Inc legitimate?
Healthy Community Education Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Healthy Community Education Partners 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:
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What is the mission statement of Healthy Community Education Partners Inc?
Healthy Community Education Partners Inc's mission is centered around alleviating the government's burden in providing educational opportunities for residents in disadvantaged areas. The organization aims to achieve this by acquiring land in low-income communities and constructing buildings, which are then leased to local school districts at favorable terms. This allows for the operation of public schools in these areas, thereby expanding educational opportunities for those residing in blighted or slum neighborhoods. The organization secures financing for these projects through traditional construction loans and New Markets Tax Credit financing, enabling them to lease the buildings at below-market rates, furthering their mission of reducing the government's educational burden.
Who is the CEO of Healthy Community Education Partners Inc?
Vicki Lake is the Director/President of Healthy Community Education Partners Inc.
What is the revenue of Healthy Community Education Partners Inc?
Healthy Community Education Partners Inc's revenue in 2022 was -$508,386.
Who are the executives of Healthy Community Education Partners Inc and what are their salaries?
There 6 volunteers at Healthy Community Education Partners Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Healthy Community Education Partners Inc?
Healthy Community Education Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Healthy Community Education Partners Inc
Healthy Community Education Partners Inc, in its mission, aims to alleviate the burden on government to offer educational opportunities to residents living in areas classified as slums or blighted districts by the Jackson Community Redevelopment Authority. The organization's primary objective is to provide these disadvantaged communities with access to quality education by acquiring land in these areas and constructing buildings, which are then leased to the Jackson-Madison County School District at favorable terms. Healthy Community Education Partners Inc sources financing for the construction of these buildings through traditional construction loans and New Markets Tax Credit financing on non-traditional terms. This innovative financing method allows the organization to lease the buildings to the school district at below-market rates, thereby furthering its mission to lessen the government's burden in offering educational opportunities to residents in slum or blighted areas.
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Impact
October, 2024
Healthy Community Education Partners Inc significantly impacts low-income communities in Jackson and Madison County, Tennessee, by enhancing educational opportunities in areas designated as slums or blighted. By acquiring land from the Jackson Community Redevelopment Authority at no cost, they construct school facilities specifically designed to lease to the Jackson-Madison County School District under favorable terms. This approach alleviates the financial burdens often faced by government entities, allowing for the establishment and operation of public schools where they are needed most.
The organization utilizes a combination of traditional construction loans and innovative New Markets Tax Credit financing to fund these projects, ensuring that the educational facilities can be leased to the school district at below-market rates. This strategic financing not only promotes access to quality education but also contributes to the overall revitalization of the affected communities, fostering a healthier, more educated population. Through their efforts, Healthy Community Education Partners Inc plays a pivotal role in breaking the cycle of poverty and facilitating community improvement through education.
This information is meant to be a general summary of Healthy Community Education Partners 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.
- Gross Receipts: $1,680,877
Assets and Liabilities:
- Total Assets: $41,787,535
- Total Liabilities: $38,982,188
- Net Assets: $2,805,347
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Organization Details
Founding Year
2019
Phone
(731) 425-8282Principal Officer
Vicki Lake
Main Address
111 EAST MAIN STREET 201, JACKSON, TN, 38301
NTEE Category
Code: S20 - Community improvement
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