East Lake Initiative a nonprofit corporation
East Lake Initiative a nonprofit corporation
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About this organization
Revenue
$162,524
Expenses
$142,904
Mission
East Lake Initiative (ELI) was founded in 2010 after tutors in the local elementary school noticed that many students lived transient lifestyles due to a lack of affordable and safe housing. ELI was formed to help families navigate the obstacles that are blocking their path to home ownership. Our mission is to partner to strategically provide holistic community development within the greater East Lake area. Through our 25-year commitment to this community, we are working to foster thriving city blocks in the areas around Barrett Elementary School and Ossie Ware Mitchell Middle School. We offer holistic change in the community by focusing on education, housing, health and nutrition, and economic development
About
Housing - ELI is helping to bring back pride in the neighborhood through house to home transformations. By acquiring distressed properties and renovating them to be quality homes, ELI is able to offer tenants safe and secure housing options. Residents enter into a mentoring relationship that prepares them to be homeowners. The mentorship includes financial counseling and other types of support as they move towards successful home ownership. Through ELI's launch homeownership program, families can move into an ELI owned apartment for 12 months while they begin preparing for the road to homeownership.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “East lake initiative (eli) was founded in 2010 after tutors working in the local elementary school noticed that many students lived transient lifestyles due to lack of affordable and safe housing. eli was formed to help families navigate the obstacles that are blocking their path to home ownership. our mission is to partner to strategically provide holistic community development within the greater east lake area. through our 25 year commitment to this community, we are working to foster thriving city blocks in the areas around barrett elementary and ossie ware mitchell middle school. we offer holistic change in the community by focusing on education, housing, health and nutrition, and”.
When outlining its functions, they were explained as: “East lake initiative (eli) was founded in 2010 after tutors in the local elementary school noticed that many students lived transient lifestyles due to a lack of affordable and safe housing. eli was formed to help families navigate the obstacles that are blocking their path to home ownership. our mission is to partner to strategically provide holistic community development within the greater east lake area. through our 25-year commitment to this community, we are working to foster thriving city blocks in the areas around barrett elementary school and ossie ware mitchell middle school. we offer holistic change in the community by focusing on education, housing, health and nutrition, and economic development”.
- In compliance with legal regulations, the non-profit has reported their state of operation as AL.
- The filing records the non-profit's address for 2020 as 5091 CALDWELL MILL ROAD, BIRMINGHAM, AL, 35206.
- As of 2020, the non-profit's form reports a total of 0 employees.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $19,620.
- The organization has 10 independent voting members.
- The organization was formed in 2010.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $21,726 in fundraising expenses.