Overview
What is East Lake Community Development Inc?
East Lake Community Development Inc, based in Birmingham, Alabama, is a dedicated nonprofit organization. Their primary mission is to provide affordable housing solutions for the local community. They accomplish this by investing in various apartment complexes, thereby offering low-income rental properties. With a small workforce of just one employee, East Lake Community Development Inc plays a significant role in addressing the housing needs of the less fortunate residents in their area.
Is East Lake Community Development Inc legitimate?
East Lake Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Lake Community Development 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: $0
For more financial information, click here
What is the mission statement of East Lake Community Development Inc?
East Lake Community Development Inc, as a mission, focuses on providing affordable housing options to the community. They achieve this by investing in various apartment complexes, thereby offering low-income housing solutions. By doing so, they contribute to the housing needs of individuals within their community. The organization's activities primarily revolve around real estate investments, aimed at enhancing living conditions for low-income families.
Who is the CEO of East Lake Community Development Inc?
Eric Lipp is the Director of East Lake Community Development Inc.
What is the revenue of East Lake Community Development Inc?
East Lake Community Development Inc's revenue in 2022 was $2,005,589.
Who are the executives of East Lake Community Development Inc and what are their salaries?
Here are 6 key members and their salaries:
- Eric Lipp (Executive Director)
- John Wilson (Director)
- Jessica Zorn (Director)
- Youvinza Price (Director)
- Nikeshia Bailey (Director)
- Joann Sanders (Director)
Where can I find the form 990 for East Lake Community Development Inc?
The East Lake Community Development Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of East Lake Community Development Inc
East Lake Community Development, Inc. is committed to addressing the housing needs of the community by investing in a variety of apartment complexes. This nonprofit organization provides low-income housing, serving as a vital resource for individuals and families who may otherwise struggle to secure affordable housing options. By investing in and managing these apartment complexes, East Lake Community Development, Inc. is able to make a significant impact on the lives of those in need, ensuring that they have access to safe and affordable housing. This mission is crucial in promoting stability and well-being within the community, enabling individuals and families to focus on other aspects of their lives, such as education, employment, and personal growth.
Impact
This information is meant to be a general summary of East Lake Community Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
East Lake Community Development Inc's impact lies in providing low-income housing to the community through investments in various apartment complexes. This serves the crucial need for affordable housing in Birmingham, Alabama, helping individuals and families to access safe and stable housing options. By focusing on low-income rental real estate, East Lake Community Development Inc directly contributes to addressing housing insecurity and improving the overall quality of life for individuals in the community.
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
$1,621,461
MISC INCOME
Revenue
$184,095
DEVELOPER FEES
Revenue
$181,880
ASSET MANAGEMENT FEES
Revenue
$17,995
Organization Details
Founding Year
1983
Phone
(205) 639-5090
Principal Officer
Eric Lipp
Main Address
3010 3RD AVE SOUTH, BIRMINGHAM, AL, 35233
NTEE Category
Code: L22Z - Housing
If you are a representative of East Lake Community Development 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.