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Lower Marshall-Shadeland Develop- Ment Initiative

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

EIN: 844100977 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(3)

Overview

What is Lower Marshall-Shadeland Develop- Ment Initiative?

Lower Marshall-Shadeland Develop-Ment Initiative is a nonprofit organization based in Pittsburgh, Pennsylvania, specifically at 2356 McCook Street, 15212. Their primary focus is on community development and outreach, working closely with financial institutions, universities, government agencies, and community-based organizations to assess the balance of private and public affordable housing in 90 Pittsburgh neighborhoods. Their research has resulted in six publications accessible on their website, PGHLending.com. The organization's goal is to develop vacant and blighted properties in the Lower Marshall-Shadeland area to provide affordable housing, with a particular focus on veterans and community residents. They aim to increase the availability of affordable and rental housing through purchasing and restoring vandalized buildings. The nonprofit is led by a team of one dedicated individual.


Is Lower Marshall-Shadeland Develop- Ment Initiative legitimate?

Lower Marshall-Shadeland Develop- Ment Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lower Marshall-Shadeland Develop- Ment 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: $21,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Lower Marshall-Shadeland Develop- Ment Initiative?
Who is the CEO of Lower Marshall-Shadeland Develop- Ment Initiative?
What is the revenue of Lower Marshall-Shadeland Develop- Ment Initiative?
Who are the executives of Lower Marshall-Shadeland Develop- Ment Initiative and what are their salaries?
Where can I find the form 990 for Lower Marshall-Shadeland Develop- Ment Initiative?

Mission Statement of Lower Marshall-Shadeland Develop- Ment Initiative

Lower Marshall-Shadeland Development Initiative, abbreviated as LMSDI, is committed to a mission that aims to enhance the availability of affordable and rental housing within its jurisdiction. This nonprofit organization focuses on purchasing and restoring vacant and vandalized buildings in order to cater to the housing needs of both veterans and community residents. By taking on this mission, LMSDI aims to contribute positively to the housing market, ensuring that a diverse range of individuals can secure suitable and affordable living spaces.

In their pursuit of this mission, LMSDI collaborates with various financial institutions, universities, government agencies, and community-based organizations. These partnerships are instrumental in determining the balance between private and public affordable housing in 90 Pittsburgh neighborhoods. The research conducted by LMSDI resulted in six publications, which can be accessed on their website, PGHLending.com. This website offers a comprehensive analysis of over 900 financial institutions and their lending practices within Pittsburgh's 90 neighborhoods and 9 council-matic districts. The aim of this analysis is to shed light on the role of both private and public sectors in providing affordable housing within the community.

Impact

This information is meant to be a general summary of Lower Marshall-Shadeland Develop- Ment Initiative. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

The Lower Marshall-Shadeland Development Initiative's impact can be seen in the revitalization of the Lower Marshall-Shadeland area through the development of vacant and blighted properties to provide affordable housing. By working with financial institutions, universities, government agencies, and community-based organizations, LMSDI has been able to increase the availability of affordable housing for veterans and community residents. Their research efforts have resulted in publications and a website that analyze lending practices in Pittsburgh neighborhoods, helping to determine the balance between private sector and public sector affordable housing. Through their mission to purchase and restore vacant buildings, LMSDI is actively contributing to the improvement of housing options in the community.





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 2022.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $565,695

    • Assets and Liabilities:
  • Total Assets: $477,709
  • Total Liabilities: $12,880
  • Net Assets: $464,829
  • Organization Details

    Founding Year

    2020

    Principal Officer

    Stanley Lowe

    Main Address

    2356 MCCOOK STREET, PITTSBURGH, PA, 15212

    NTEE Category

    Code: L25 - Housing

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