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Eastern Eight Community Development Corporation Inc

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

EIN: 621754514 ✦ Johnson city, TN ✦ Designated as a 501(c)(3)

Overview

What is Eastern Eight Community Development Corporation Inc?

Eastern Eight Community Development Corporation Inc, situated in Johnson City, Tennessee, is a dedicated nonprofit organization. Its primary mission is to promote affordable housing for individuals with very low, low, and moderate incomes in the surrounding regions. This is achieved through various initiatives, including offering home buyer education courses, providing housing counseling, and engaging in housing development programs. The organization constructs, remodels, and manages rental facilities to cater to eligible individuals. With a team of 16 dedicated employees, Eastern Eight Community Development Corporation Inc strives to contribute positively to the housing landscape in Carter, Greene, Hancock, Hawkins, Johnson, Sullivan, Unicoi, and Washington Counties, Tennessee.


Official website here: www.e8cdc.org

Is Eastern Eight Community Development Corporation Inc legitimate?

Eastern Eight Community Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Eight Community Development Corporation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $788,640

For more financial information, click here


Official website here: www.e8cdc.org

What is the mission statement of Eastern Eight Community Development Corporation Inc?

Eastern Eight Community Development Corporation Inc's mission is centered around aiding in the development of affordable housing options for individuals with low, moderate, and very low incomes. The corporation operates within the legal boundaries to maximize this goal, striving to offer affordable housing solutions to citizens in need. They accomplish this through various means, such as providing home buyer education courses, offering housing counseling, and engaging in housing development programs. These initiatives result in the construction, remodeling, and provision of rental facilities for eligible individuals.


Official website here: www.e8cdc.org

Who is the CEO of Eastern Eight Community Development Corporation Inc?

Sherry Trent is the Executive Director of Eastern Eight Community Development Corporation Inc.


Official website here: www.e8cdc.org

What is the revenue of Eastern Eight Community Development Corporation Inc?

Eastern Eight Community Development Corporation Inc's revenue in 2023 was $4,015,634.


Official website here: www.e8cdc.org

Who are the executives of Eastern Eight Community Development Corporation Inc and what are their salaries?

The average compensation at Eastern Eight Community Development Corporation Inc during 2023 was $49,290. There are 16 employees at Eastern Eight Community Development Corporation Inc.

Here are 20 key members and their salaries:

    Sherry Trent (Executive Director)
  • Compensation: $103,183
  • Related: $0
  • Other: $14,722

    • John Dillow (Director Of Finance)
  • Compensation: $96,267
  • Related: $0
  • Other: $13,334

    • Steve Baldwin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Linville (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rose Neese (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bethany O'Leary (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Rea (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shawn Porter (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Virginia Robinson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beverly Stevens (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ernie Stoltzfus (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Baldwin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ashlee Ebberts (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Williams (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Micah Collie (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Von Essen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lee Chase (Interim Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phil Carriger (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cindy Winn (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.e8cdc.org

    Where can I find the form 990 for Eastern Eight Community Development Corporation Inc?

    The Eastern Eight Community Development Corporation Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.e8cdc.org

    Learn more at the official website: www.e8cdc.org

    Mission Statement of Eastern Eight Community Development Corporation Inc

    Eastern Eight Community Development Corporation, a notable organization, is committed to its mission of aiding in the development and maximizing the potential for affordable housing for low-income citizens residing in Carter, Greene, Hancock, Hawkins, Johnson, Sullivan, Unicoi, and Washington Counties, Tennessee. This mission is carried out through various initiatives, including the provision of home buyer education courses, housing counseling, and housing development programs. The corporation constructs, remodels, and offers rental facilities to qualifying individuals, ensuring that affordable housing options are available for very low, low, and moderate income households in the Northeast Tennessee region. By offering these resources, Eastern Eight Community Development Corporation contributes to the betterment of its community by providing accessible and affordable housing solutions.

    Impact

    This information is meant to be a general summary of Eastern Eight Community Development Corporation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Eastern Eight Community Development Corporation Inc's impact is significant in providing affordable housing for very low, low, and moderate-income individuals in Northeast Tennessee. By offering home buyer education courses, housing counseling, and housing development programs, Eastern Eight assists citizens in obtaining housing opportunities that would otherwise be out of reach. Through the construction of homes, remodeling projects, and rental facilities, Eastern Eight contributes to the well-being and stability of individuals and families in Carter, Greene, Hancock, Hawkins, Johnson, Sullivan, Unicoi, and Washington Counties in Tennessee.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $8,872
  • Program Service Revenue: $3,001,729
  • Gross Receipts: $4,015,634

    • Assets and Liabilities:
  • Total Assets: $17,935,027
  • Total Liabilities: $5,213,487
  • Net Assets: $12,721,540
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Home and land sales

    Revenue

    $1,613,000

    Rental income

    Revenue

    $1,310,933

    Home ownership training

    Revenue

    $15,714

    Administration fees

    Revenue

    $50,027

    Other income

    Revenue

    $12,055

    Organization Details

    Founding Year

    1998

    Principal Officer

    Sherry Trent

    Main Address

    3 Limited Centre St, Johnson City, TN, 37604

    NTEE Category

    Code: L122 - Housing

    If you are a representative of Eastern Eight Community Development Corporation Inc 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.