Overview
What is Lower Marshall-Shadeland Develop- Ment Initiative?
Lower Marshall-Shadeland Develop-Ment Initiative is a nonprofit organization based in Pittsburgh, Pennsylvania, specifically at 2356 McCook Street, 15212. Their primary focus is on community development and outreach, working closely with financial institutions, universities, government agencies, and community-based organizations to assess the balance of private and public affordable housing in 90 Pittsburgh neighborhoods. Their research has resulted in six publications accessible on their website, PGHLending.com. The organization's goal is to develop vacant and blighted properties in the Lower Marshall-Shadeland area to provide affordable housing, with a particular focus on veterans and community residents. They aim to increase the availability of affordable and rental housing through purchasing and restoring vandalized buildings. The nonprofit is led by a team of one dedicated individual.
Official website here: www.pghlending.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating. This rating reflects a strong commitment to accountability and finance, as the organization has achieved a score of 87 in this area. The overall score is based solely on this beacon, indicating that the charity has a robust financial management practice which is crucial for donor trust and transparency.
The Lower Marshall-Shadeland Development Initiative demonstrates significant strengths, particularly in governance and financial management. The organization boasts a fully independent board, with 100% of its members being independent, which contributes to its strong oversight. Additionally, the absence of material diversion of assets and a well-defined conflict of interest policy enhances its credibility.
However, while the charity excels in accountability and finance, the limited score breakdown suggests that other potential areas of effectiveness and impact may not have been evaluated in this rating. As such, while the financial practices are commendable, prospective donors may want to seek further information on the organization's programmatic impact and outcomes to gain a holistic view of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lower Marshall-Shadeland Develop- Ment Initiative legitimate?
Lower Marshall-Shadeland Develop- Ment Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lower Marshall-Shadeland Develop- Ment Initiative 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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For more financial information, click here
Official website here: www.pghlending.com
What is the mission statement of Lower Marshall-Shadeland Develop- Ment Initiative?
The Lower Marshall-Shadeland Development Initiative's mission is focused on increasing the availability of affordable and rental housing options, specifically targeting veterans and community residents. This is achieved through the purchase and restoration of vacant and vandalized buildings in the area. The initiative engages with various financial institutions, universities, government agencies, and community-based organizations to determine the demand for both private and public affordable housing in 90 Pittsburgh neighborhoods. Their research has resulted in six publications, accessible on their website pghlending.com, which analyze the lending practices of over 900 financial institutions in the area. The website serves to differentiate between private sector and public sector affordable housing.
Official website here: www.pghlending.com
What is the revenue of Lower Marshall-Shadeland Develop- Ment Initiative?
Lower Marshall-Shadeland Develop- Ment Initiative's revenue in 2024 was $62,500.
Official website here: www.pghlending.com
Who are the executives of Lower Marshall-Shadeland Develop- Ment Initiative and what are their salaries?
The average compensation at Lower Marshall-Shadeland Develop- Ment Initiative during 2024 was $21,000.
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Official website here: www.pghlending.com
Where can I find the form 990 for Lower Marshall-Shadeland Develop- Ment Initiative?
Lower Marshall-Shadeland Develop- Ment Initiative's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pghlending.com
Learn more at the official website: www.pghlending.com
Mission Statement of Lower Marshall-Shadeland Develop- Ment Initiative
Lower Marshall-Shadeland Development Initiative, abbreviated as LMSDI, is committed to a mission that aims to enhance the availability of affordable and rental housing within its jurisdiction. This nonprofit organization focuses on purchasing and restoring vacant and vandalized buildings in order to cater to the housing needs of both veterans and community residents. By taking on this mission, LMSDI aims to contribute positively to the housing market, ensuring that a diverse range of individuals can secure suitable and affordable living spaces.
In their pursuit of this mission, LMSDI collaborates with various financial institutions, universities, government agencies, and community-based organizations. These partnerships are instrumental in determining the balance between private and public affordable housing in 90 Pittsburgh neighborhoods. The research conducted by LMSDI resulted in six publications, which can be accessed on their website, PGHLending.com. This website offers a comprehensive analysis of over 900 financial institutions and their lending practices within Pittsburgh's 90 neighborhoods and 9 council-matic districts. The aim of this analysis is to shed light on the role of both private and public sectors in providing affordable housing within the community.
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Impact
July, 2024
The Lower Marshall-Shadeland Development Initiative's impact can be seen in the revitalization of the Lower Marshall-Shadeland area through the development of vacant and blighted properties to provide affordable housing. By working with financial institutions, universities, government agencies, and community-based organizations, LMSDI has been able to increase the availability of affordable housing for veterans and community residents. Their research efforts have resulted in publications and a website that analyze lending practices in Pittsburgh neighborhoods, helping to determine the balance between private sector and public sector affordable housing. Through their mission to purchase and restore vacant buildings, LMSDI is actively contributing to the improvement of housing options in the community.
This information is meant to be a general summary of Lower Marshall-Shadeland Develop- Ment Initiative. 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 2024.
- Gross Receipts: $62,500
Assets and Liabilities:
- Total Assets: $477,709
- Total Liabilities: $12,880
- Net Assets: $464,829
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Organization Details
Founding Year
2020
Principal Officer
Stanley Lowe
Website
www.pghlending.comNTEE Category
Code: L25 - Housing
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