Overview
What is Southeast Effective Development?
Southeast Effective Development, established in 1975, is a not-for-profit community development corporation situated in Seattle, Washington. The organization's mission involves investing in the future of Southeast Seattle by facilitating various social, economic, housing, and cultural programs within the community. They have a strong focus on revitalizing neighborhoods and business districts in the area. Since 1986, their Affordable Housing Program has been a significant component of their efforts, resulting in the redevelopment and construction of over 1,000 multi-family units. Utilizing federal housing tax credits, state tax-exempt bonds, and other public-private partnerships, they have increased the availability of decent and affordable housing for seniors, people with disabilities, and families and individuals with limited income. With a workforce of 18 employees, Southeast Effective Development continues to contribute positively to the Southeast Seattle community.
Official website here: www.seedseattle.org
What are the reviews and ratings of this charity?
Southeast Effective Development has earned a Three-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 81%. This score highlights the organization's strong commitment to accountability and finance, with a perfect score in several areas, such as its independent board composition and financial oversight. However, it is important to note that the organization's impact, adaptability, and community engagement could not be evaluated due to a lack of data, which suggests potential areas for improvement.
While the nonprofit demonstrates solid financial health with high program expense ratios, the low score in liabilities to assets indicates some financial caution that may need addressing. The board's independence and the presence of essential policies, such as whistleblower and conflict of interest policies, reinforce the organization's commitment to good governance practices. The absence of the tax form on the nonprofit's website is a noted limitation that could affect transparency.
User reviews from GreatNonprofits could not be fetched, leaving a gap in community sentiment regarding the organization's services and effectiveness. This absence highlights a potential area for the organization to improve its outreach and feedback mechanisms to better understand stakeholder perceptions.
This AI summary has been generated from information found on Charity Navigator.
Is Southeast Effective Development legitimate?
Southeast Effective Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast Effective Development 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: $285,644
Professional Fundraising Fees: $0
Other Salaries and Wages: $920,316
For more financial information, click here
Official website here: www.seedseattle.org
What is the mission statement of Southeast Effective Development?
Southeast Effective Development, often referred to as SEED, is a not-for-profit community development corporation. Established in 1975, its primary goal is to invest in the future of communities by facilitating social, economic, housing, and cultural programs within these areas. SEED's mission is to strengthen and revitalize neighborhoods and business districts, working towards the betterment of its community.
One of SEED's key initiatives is its Affordable Housing Program, which was launched in 1986 as part of a comprehensive approach to community revitalization. Since then, SEED has redeveloped and constructed over 1,000 units of multi-family housing, utilizing federal housing tax credits, state tax-exempt bonds, and other public-private partnerships. This has significantly increased the availability of decent, affordable housing for seniors, individuals with disabilities, and families or individuals with limited income.
Official website here: www.seedseattle.org
Who is the CEO of Southeast Effective Development?
Michael Seiwerath is the Executive Director of Southeast Effective Development.
Official website here: www.seedseattle.org
What is the revenue of Southeast Effective Development?
Southeast Effective Development's revenue in 2022 was $7,345,501.
Official website here: www.seedseattle.org
Who are the executives of Southeast Effective Development and what are their salaries?
The average compensation at Southeast Effective Development during 2022 was $66,998. There are 18 employees and 14 volunteers at Southeast Effective Development.
Here are 16 key members and their salaries:
- Compensation: $155,543
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- Other: $9,318
- Compensation: $111,465
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- Other: $9,318
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Official website here: www.seedseattle.org
Where can I find the form 990 for Southeast Effective Development?
Southeast Effective Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seedseattle.org
Learn more at the official website: www.seedseattle.org
Mission Statement of Southeast Effective Development
Southeast Effective Development, often referred to as SEED, is a community development corporation established in 1975. This not-for-profit organization invests in the future of various communities by facilitating social, economic, housing, and cultural programs. Its mission is to strengthen and revitalize the neighborhoods and business districts of Southeast Seattle, aiming to improve the overall quality of life for its residents.
SEED's approach to community development is comprehensive, encompassing various aspects of community well-being. It has a significant focus on affordable housing, as seen through its Affordable Housing Program, initiated in 1986. Since then, SEED has redeveloped and constructed over 1,000 units of multi-family housing, utilizing federal housing tax credits, state tax-exempt bonds, and other public/private partnerships. By doing so, SEED has increased the availability of decent, affordable housing for seniors, individuals with disabilities, and families/individuals with limited income, contributing to a more inclusive and equitable community.
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Impact
July, 2024
Southeast Effective Development (SEED) has had a significant impact in Southeast Seattle by investing in the future of the community through various programs. One of SEED's key contributions is in affordable housing, where they have redeveloped and constructed over 1,000 units of multi-family housing. This effort has increased the availability of decent affordable housing to seniors, people with disabilities, and families/individuals with limited income in the area. SEED's work has not only addressed the housing needs of the community but has also contributed to the overall social and economic development of Southeast Seattle.
This information is meant to be a general summary of Southeast Effective Development. 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: $668,827
- Program Service Revenue: $5,773,355
- Gross Receipts: $7,935,985
Assets and Liabilities:
- Total Assets: $58,235,532
- Total Liabilities: $56,084,755
- Net Assets: $2,150,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING
Revenue
$5,666,392
OTHER ART PROGRAM
Revenue
$43,243
MANAGEMENT FEE
Revenue
$36,885
ART MEMBERSHIP
Revenue
$26,835
Organization Details
Founding Year
1975
Phone
(206) 723-7333Principal Officer
Michael Seiwerath
Main Address
5117 RAINIER AVE S, SEATTLE, WA, 98118
Website
www.seedseattle.orgNTEE Category
Code: S200 - Community improvement
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