Overview
What is East Lake Initiative?
The East Lake Initiative (ELI) is a nonprofit organization situated in Birmingham, Alabama. With a strong commitment to Jefferson County, ELI engages in comprehensive community development, aiming to make a lasting impact on individuals' lives. By focusing on multiple aspects of an individual's life, they strive for long-term change. Their initiatives include revitalizing neighborhoods through renovating distressed properties, transforming them into quality homes, and offering secure housing options to tenants. As part of this process, ELI facilitates a mentoring relationship, providing financial counseling and other forms of support to help tenants progress towards homeownership. Additionally, ELI operates a Homeownership Program, allowing families to live in ELI-owned apartments for 12 months as they prepare for the journey towards homeownership. With a team of eight dedicated employees, ELI's mission is to build a better community by strategically partnering with families in Jefferson County, establishing a long-term relationship that spans a minimum of 25 years.
Is East Lake Initiative legitimate?
East Lake Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Lake 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.
Here are some key statistics you may want to consider:
Executive Compensation: $104,287
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,220
For more financial information, click here
What is the mission statement of East Lake Initiative?
The East Lake Initiative (ELI) is dedicated to providing holistic community development within a specified region. They believe that a comprehensive program, aimed at improving various aspects of an individual's life, can lead to long-term change. ELI has pledged to maintain a relationship with the families in the community for a minimum of 25 years, demonstrating their commitment to long-term change and development. Their strategy involves partnering with the community to develop a better overall circumstance for its residents.
Who is the CEO of East Lake Initiative?
Pamela C Bates is the Chairperson of East Lake Initiative.
What is the revenue of East Lake Initiative?
East Lake Initiative's revenue in 2022 was $927,300.
Who are the executives of East Lake Initiative and what are their salaries?
The average compensation at East Lake Initiative during 2022 was $39,938. There are 8 employees and 9 volunteers at East Lake Initiative.
Here are 11 key members and their salaries:
- Myron Thomas (Chief Operating Officer)
- Pamela Bates (Executive Director)
- Deb White (Chairperson) [Trustee/Director]
- Candi Forbes (Treasurer) [Trustee/Director]
- Jonathan Benoit (Immediate Past Chairperson) [Trustee/Director]
- Dr Christian Adedoyin Msw Phd (Board Member) [Trustee/Director]
- Matt Bates (Board Member) [Trustee/Director]
- Ben Birdsong (Board Member) [Trustee/Director]
- Paul Lawler (Board Member) [Trustee/Director]
- Pam Mangham (Board Member) [Trustee/Director]
- Floresha Watkins-Woodall (Board Member) [Trustee/Director]
Where can I find the form 990 for East Lake Initiative?
The East Lake Initiative’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of East Lake Initiative
The East Lake Initiative, a dedicated community development organization, strategically partners with families in Jefferson County for a minimum of 25 years. Their mission is rooted in the belief that holistic programming, aimed at improving various aspects of an individual's life, can lead to long-term change. By committing to a long-term relationship with the community, this nonprofit seeks to provide comprehensive support that can significantly impact the lives of its residents.
Impact
This information is meant to be a general summary of East Lake Initiative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of East Lake Initiative is profound and multi-faceted. Through their housing initiatives, they are revitalizing neighborhoods and providing safe and secure housing options to residents in Jefferson County. By acquiring distressed properties and renovating them, East Lake Initiative not only improves the physical environment but also fosters a sense of pride within the community.
Moreover, East Lake Initiative's mentorship programs are equipping individuals with the necessary skills and support to transition from renting to successful homeownership. By offering financial counseling and other types of guidance, they are empowering families to achieve long-term stability and security.
Overall, East Lake Initiative's holistic approach to community development is creating lasting change in Jefferson County, demonstrating their commitment to improving the lives of individuals and families for years to come.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$105,682
Organization Details
Founding Year
2010
Phone
(205) 325-2237
Principal Officer
Pamela C Bates
Main Address
6523 1ST AVENUE NORTH, BIRMINGHAM, AL, 35206
NTEE Category
Code: L80 - Housing
If you are a representative of East Lake Initiative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.