Overview
What is Glide Economic Development Corporation?
Glide Economic Development Corporation (GEDC) is a nonprofit organization situated in the Tenderloin neighborhood of San Francisco, California. Established with the mission to improve social and economic conditions in the area, GEDC pursued an opportunity to create both affordable and assistive chronic needs housing in 2007. The organization developed and opened two projects, Mason Street Family Housing and 149 Mason Street Housing, providing a total of 137 affordable rental units for various income groups, including the chronically homeless. GEDC continues to oversee and manage these projects as the general partner, demonstrating its commitment to affordable housing in the community.
Is Glide Economic Development Corporation legitimate?
Glide Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glide Economic Development 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Glide Economic Development Corporation?
Glide Economic Development Corporation (GEDC) was established with the goal of enhancing social and economic conditions in a particular community. In 2007, the corporation seized an opportunity to introduce both affordable and assistive housing for individuals with chronic needs in this community. Currently, the management and operation of these housing projects, as well as the provision of affordable and assistive housing for those with chronic needs, are the primary focuses of GEDC's activities.
Who is the CEO of Glide Economic Development Corporation?
Melvin Carriere is the Secretary & Treasurer of Glide Economic Development Corporation.
What is the revenue of Glide Economic Development Corporation?
Glide Economic Development Corporation's revenue in 2022 was $180,969.
Who are the executives of Glide Economic Development Corporation and what are their salaries?
There 6 volunteers at Glide Economic Development Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Glide Economic Development Corporation?
Glide Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Glide Economic Development Corporation
Glide Economic Development Corporation (GEDC) was established with a mission to enhance social and economic conditions within its community, specifically in San Francisco's Tenderloin neighborhood. In 2007, GEDC seized an opportunity to make a significant impact by developing affordable and assistive housing for individuals with chronic needs. Presently, the organization's primary focus revolves around overseeing and managing these housing projects, which serve as the cornerstone of its activities. GEDC's dedication to creating and maintaining affordable and assistive housing for those in need is a testament to its commitment to improving the lives of its community members.
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Impact
October, 2024
Glide Economic Development Corporation significantly enhances social and economic conditions in the Tenderloin neighborhood of San Francisco through its focused efforts in affordable housing development and management. The organization successfully developed and opened Mason Street Family Housing in 2008, providing 81 affordable rental units to meet the needs of the community. Furthermore, it completed the 149 Mason Street Housing Project in December 2009, which offers 56 housing units specifically designed for individuals experiencing chronic homelessness. By continuing to own and operate these properties, Glide Economic Development Corporation plays a critical role in fostering stability and support within the community, addressing urgent housing needs, and contributing to the overall well-being of residents in the Tenderloin area.
This information is meant to be a general summary of Glide Economic Development 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $218
- Program Service Revenue: $180,001
- Gross Receipts: $180,969
Assets and Liabilities:
- Total Assets: $9,436,707
- Total Liabilities: $1,902,543
- Net Assets: $7,534,164
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$180,000
GROUND LEASE INCOME
Revenue
$1
Organization Details
Founding Year
2000
Phone
(415) 924-7707Principal Officer
Melvin Carriere
Main Address
149 YOLO STREET, CORTE MADERA, CA, 94925
NTEE Category
Code: L20 - Housing
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