Overview
What is Loiter?
Loiter, based at 1818 Wellesley, East Cleveland, Ohio 44112, is a dedicated nonprofit organization. Their main mission is to challenge the impacts of systemic racism and stimulate the necessary reinvestment to foster thriving, community-led businesses. This initiative aims to promote spatial and economic justice. The Sanctuary Homes Pilot is a key program, working with property owners to enhance their land and property values, serving as a neighborhood improvement initiative. With a small team of one dedicated employee, Loiter continues its mission to uplift communities and combat racial disparities.
Official website here: www.loiter.us
Is Loiter legitimate?
Loiter is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loiter 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: $2,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.loiter.us
What is the mission statement of Loiter?
Loiter's mission is centered around addressing the impacts of systemic racism. Their objective is to foster intentional reinvestment, aiming to establish thriving community-owned enterprises. This endeavor is expected to bring about spatial and economic justice. As part of their mission, they have initiated a neighborhood improvement program called the Sanctuary Homes Pilot, which collaborates with homeowners and property owners to enhance the value of their land and properties.
Official website here: www.loiter.us
Who is the CEO of Loiter?
Ismail Samad is the Co Founder Chief Equity Officer of Loiter.
Official website here: www.loiter.us
What is the revenue of Loiter?
Loiter's revenue in 2021 was $106,500.
Official website here: www.loiter.us
Who are the executives of Loiter and what are their salaries?
The average compensation at Loiter during 2021 was $2,850. There is 1 employee and 6 volunteers at Loiter.
There is 1 key member and their salary:
- Compensation: $13,000
- Related: $0
- Other: $0
Official website here: www.loiter.us
Where can I find the form 990 for Loiter?
Loiter's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.loiter.us
Learn more at the official website: www.loiter.us
Mission Statement of Loiter
Loiter, an organization with a mission to confront the impacts of systemic racism, aims to promote intentional reinvestment in community-owned enterprises. Their goal is to foster successful businesses that contribute to spatial and economic justice. One of their initiatives, the Sanctuary Homes Pilot, serves as a neighborhood improvement program. This program collaborates with homeowners and property owners, working towards increasing the value of their land and properties. Loiter's mission is rooted in the belief that through community-led enterprises, they can effectively address the consequences of systemic racism and build a more equitable society.
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Impact
October, 2024
Loiter is making a significant impact by addressing the pervasive issues of systemic racism and advocating for strategies that promote spatial and economic justice. Through initiatives like the Sanctuary Homes Pilot, Loiter collaborates with homeowners and property owners in East Cleveland to enhance property values, which contributes to neighborhood improvement. This approach not only uplifts individual homeowners but also fosters a sense of community ownership and empowerment.
By encouraging intentional re-investment in the area, Loiter is helping to create sustainable community-owned enterprises that can drive economic growth and stability. Their efforts aim to transform East Cleveland into a thriving community where residents are actively engaged in shaping their environment and economic future. This multifaceted approach to community improvement is vital for reversing the effects of systemic inequities and ensuring that all residents have access to the resources and opportunities needed for success.
This information is meant to be a general summary of Loiter. 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 2021.
- Gross Receipts: $106,500
Assets and Liabilities:
- Total Assets: $57,478
- Total Liabilities: $20,000
- Net Assets: $37,478
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Organization Details
Founding Year
2020
Phone
(216) 930-5040Principal Officer
Ismail Samad
Main Address
1818 Wellesley, East Cleveland, OH, 44112
Website
www.loiter.usNTEE Category
Code: S20 - Community improvement
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