Historic South Initiative
- Assets
- $1.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Toledo, OH
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1691856
Organization Overview
Historic South Initiative is located in Toledo, OH. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Historic South Initiative employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic South Initiative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Historic South Initiative generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Historic South Initiative has awarded 17 individual grants totaling $429,494. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND IMPLEMENT A COMPREHENSIVE APPROACH TO INNER-CITY NEIGHBORHOOD REVITILIZATION BY PROMOTING THE ADVANCEMENT OF HUMAN POTENTIAL THROUGH IMPROVED HOUSING, BETTER EDUCATION, HEALTH INITIATIVE, EMPLOYMENT OPPORTUNITIES AND FAMILY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING - RENOVATED MULTIPLE HOUSING UNITS WITH NEW ROOFS, SIDING, PAINTING AND WINDOWS WHICH INCLUDED: LEAD ABATEMENT/CONTAINMENT IN COMPLIANCE WITH THE STATE OF OHIO APPROPRIATION.
EDUCATION - CONDUCTED AFTER-SCHOOL AND SUMMER PROGRAMS FOR CHILDREN AT ST. PETER AND PAUL CHURCH; AND CONDUCTED GROUND-BREAKING BETA-TESTING FOR HOME-DELIVERY OF PRE-K PROGRAMS TO 16 CHILDREN.
COMMUNITY SERVICE - PROVIDED ANNUAL FLOWERS TO THE NEIGHBORHOOD; FUNDED VARIOUS NEIGHBORHOOD PROJECTS THROUGH MINI-GRANTS TO LOCAL AREA NON-PROFITS; PROVIDED TUITION ASSISTANCE TO CHILDREN AT QUEEN OF APOSTLES; DISTRIBTED CHRISTMAS LIGHTS TO NEIGHBORHOODS; AND CONDUCTED NEIGHBORHOOD CLEAN-UP IN CONJUCTION WITH THE BROADWAY CORRIDOR COALITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christoper J Amato Director | Officer | 60 | $110,000 |
Amy Hall Director | OfficerTrustee | 2 | $0 |
Juan Francisco Molina Director | Trustee | 2 | $0 |
Hussien Shousher Director | Trustee | 2 | $0 |
Paul Toth Director | Trustee | 2 | $0 |
Celeste Taylor Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,926 |
| Related organizations | $0 |
| Government grants | $422,686 |
| All other contributions, gifts, grants, and similar amounts not included above | $882,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,397,779 |
| Total Program Service Revenue | $0 |
| Investment income | $10,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,701 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $91,422 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,475,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $288,436 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,000 |
| Compensation of current officers, directors, key employees. | $55,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,804 |
| Fees for services: Accounting | $4,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,673 |
| Office expenses | $47,631 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,274 |
| All other expenses | $0 |
| Total functional expenses | $1,199,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,213 |
| Savings and temporary cash investments | $365,323 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,919 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $470,867 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,158,362 |
| Accounts payable and accrued expenses | $4,246 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,246 |
| Net assets without donor restrictions | $1,154,116 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,158,362 |
Grants Awarded
Over the last fiscal year, Historic South Initiative has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EARLY LEARNING FOUNDATION PURPOSE: EDUCATION | $0 |
KIDS UNLIMITED PURPOSE: GENERAL SUPPORT & FUNDING, AND SUMMER PROGRAMS | $0 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Historic South Initiative has recieved totaling $378,439.
| Awarding Organization | Amount |
|---|---|
Toledo Community Foundation Toledo, OH PURPOSE: GENERAL SUPPORT, FOR THE RENOVATION OF ST. JAMES SCHOOL ON BROADWAY, AFTER SCHOOL PROGRAMMING, CHARTER SCHOOL SPECIFIC, EDUCATION FUND SIDE OF THE HISTORIC SOUTH INITIATIVE , HISTORIC SOUTH GATEWAY ARCH PROJECT | $146,300 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $60,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $40,984 |
Bon Secours Mercy Health Foundation Cincinnati, OH PURPOSE: Program Support | $25,000 |
Kadens Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Charles A Sullivan Charitable Foundation Kansas City, MO PURPOSE: GENERAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Mountainheart Community Servces Inc Oceana, WV | $5,735,709 | $13,660,570 |
West Ohio Community Action Partnership Lima, OH | $6,981,623 | $15,279,840 |
Community Action Program Commission Of The Lancaster-Fairfield County Lancaster, OH | $11,087,648 | $12,770,614 |
University City District Philadelphia, PA | $9,386,670 | $9,712,200 |