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East Oakland Community Developement Corporation

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

EIN: 942936982 ✦ Oakland, CA ✦ Designated as a 501(c)(3)

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Overview

What is East Oakland Community Developement Corporation?

The East Oakland Community Developement Corporation is a nonprofit organization, firmly rooted in Oakland, California, with an address at 1431 17TH AVENUE. Their primary mission is to establish thriving, secure, and financially prosperous communities. In response to the city's needs and the impact of COVID-19, they have initiated two significant programs. Firstly, they have established a rental assistance program to support local residents. Secondly, they have launched a small business outreach program to aid businesses struggling due to the pandemic. Emphasizing their community-focused approach, the corporation strives to create an environment where all residents can thrive and succeed.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 1 Star (52%)

The East Oakland Community Development Corporation has received a low rating of 52%, translating to a One-Star out of Four Stars designation, primarily based on its Accountability and Finance score. This score reflects significant shortcomings in governance practices, particularly regarding board independence and the lack of key financial policies such as a conflict of interest policy and a whistleblower policy.

While the organization has a strong program expense ratio of 97.45%, indicating that a large portion of its funds is directed towards its programs, areas for improvement are evident. The absence of an independent board and missing financial statements raises concerns about transparency and accountability. Additionally, the organization's website lacks essential postings, which can hinder public trust.

In summary, while the East Oakland Community Development Corporation demonstrates a commitment to program spending, it faces critical challenges in governance and financial oversight that have impacted its overall rating and could affect its effectiveness in serving the community.


This AI summary has been generated from information found on Charity Navigator.

Is East Oakland Community Developement Corporation legitimate?

East Oakland Community Developement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Oakland Community Developement Corporation 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: $9,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,863

For more financial information, click here

What is the mission statement of East Oakland Community Developement Corporation?

The East Oakland Community Development Corporation's mission is centered around building vibrant, secure, and prosperous communities. To achieve this, they have initiated various programs. Notably, they established a rental assistance program to support the city of Oakland, and in response to the COVID-19 pandemic, they launched a small business outreach program. These initiatives aim to enhance the livability and economic growth of the communities they serve.

Who is the CEO of East Oakland Community Developement Corporation?

Lj Jennings is the Executive Director of East Oakland Community Developement Corporation.

What is the revenue of East Oakland Community Developement Corporation?

East Oakland Community Developement Corporation's revenue in 2022 was $733,334.

Who are the executives of East Oakland Community Developement Corporation and what are their salaries?


There is 1 key member and their salary:


Lj Jennings (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for East Oakland Community Developement Corporation?

East Oakland Community Developement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of East Oakland Community Developement Corporation

The East Oakland Community Development Corporation, in its mission, strives to create thriving, secure, and prosperous communities. This nonprofit organization is committed to this goal by taking initiating steps, such as establishing a rental assistance program to support the city of Oakland, and implementing a small business outreach program in response to the challenges posed by COVID-19. Their efforts aim to foster community growth and resilience, ensuring that both individuals and businesses are equipped to navigate through adversity and thrive in a vibrant environment.

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Impact




July, 2024

East Oakland Community Development Corporation has made a significant impact in building vibrant, safe, and prosperous communities in Oakland, California. They have initiated a rental assistance program to support the city of Oakland and launched a small business outreach program in response to COVID-19. Their efforts are focused on providing housing support and fostering economic development within the community.




This information is meant to be a general summary of East Oakland Community Developement Corporation. 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
$733,334 (2022)
Expenses
$656,235 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $64
  • Program Service Revenue: $733,270
  • Gross Receipts: $733,334

Assets and Liabilities:

  • Total Assets: $134,394
  • Total Liabilities: $26,435
  • Net Assets: $107,959

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Organization Details

Founding Year

1983

Principal Officer

Lj Jennings

Main Address

1431 17TH AVENUE, OAKLAND, CA, 94606

NTEE Category

Code: L20 - Housing

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