Grand Avenue Economic Community Development Corp
- Assets
- $17.5m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 12/1992
- Data as of
- 12/2023
- EIN
- 59-3131199
Organization Overview
Grand Avenue Economic Community Development Corp is located in Orlando, FL. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Avenue Economic Community Development Corp 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 12/2023, Grand Avenue Economic Community Development Corp generated $8.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $8.1m during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE HOMELESS POPULATION AND LOW INCOME PERSONS TO PROVIDE AFFORDABLE LIVING AND ECONOMIC OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE HOUSING - IN 2023, PATHLIGHT HOME SERVED APPROXIMATELY 700 INDIVIDUALS, WITH RESIDENTS RECEIVING CASE MANAGEMENT SERVICES THROUGH ONE OF PATHLIGHT HOMES SUPPORTIVE HOUSING PROGRAMS. RESIDENTS SERVED INCLUDE AFRICAN AMERICAN (57%) WHITE (28%) UNKNOWN (12%),ASIAN (2%) AND OTHER(1%). BY GENDER MALE(46%) FEMALE (41%) AND UNKNOWN 13%). THE AVERAGE LENGTH OF STAY IS 3.1 YEARS. SINCE MOVING IN TO PATHLIGHT HOME, RESIDENTS HAVE IMPROVED THEIR HOUSING SITUATIONS, SAFETY, PARENTING SKILLS, AND MANAGEMENT OF THEIR DISABILITIES.
THE CENTER PROVIDES MEALS, SOCIAL SERVICES AND PEER COUNSELING FOR VERY LOW INCOME AND HOMELESS PERSONS WITH SERIOUS MENTAL ILLNESS. 197 PERSONS WERE SERVED DURING 2023.
TRAINING/ECONOMIC OPPORTUNITIES - PATHLIGHT HOME SERVES INDIVIDUALS WITH BARRIERS TO EMPLOYMENTTHROUGH THEIR PROGRAM, PATHLIGHT KITCHEN. PATHLIGHT KITCHEN OFFERS 12-WEEK BASIC CULINARYTRAINING INCLUDING A FOOD HANDLER MANAGEMENT CERTIFICATION, AND SERVSAFE, AND DINING ROOM AND TABLESERVICE SKILLS. 85% OF PATHLIGHT KITCHEN PARTICIPANTS OBTAINED OR MAINTAINED EMPLOYMENT 6 MONTHSAFTER THE PROGRAM, COMPARED TO ONLY 12% WHO WERE EMPLOYED PRIOR TO THE PROGRAM. DURING 2023 THEREWERE 169 PARTICIPANTS IN THESE TRAINING CLASSES.RESOURCE CENTER/ECONOMIC OPPORTUNITIES - EMPLOYMENT COUNSELING WAS OFFERED TO OVER 735 PERSONS BY OUR TRAINED EMPLOYMENT COUNSELORS. WE ALSO PROVIDED COMPUTERS FOR JOB SEEKERS TO APPLY ONLINE AND TO SEARCH FOR JOBS. WE ALSO PROVIDED CLASSES IN RESUME BUILDING, INTERVIEWING AND JOB SEARCHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helaine Blum Cfopresident Emeritusco-Fou | Officer | 40 | $123,187 |
Babette Allen Former Presidentceo | 40 | $99,084 | |
Velvet Greene Director | Trustee | 0.5 | $0 |
Laura Whitfield Director | Trustee | 0.5 | $0 |
Kevin Poole Director | Trustee | 0.5 | $0 |
Michelle Howard Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,412,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,780,661 |
| Total Program Service Revenue | $4,243,417 |
| Investment income | $33,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,057,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $121,936 |
| Compensation of current officers, directors, key employees. | $48,774 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,920,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $265,518 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,644 |
| Advertising and promotion | $75,087 |
| Office expenses | $139,752 |
| Information technology | $30,630 |
| Royalties | $0 |
| Occupancy | $2,062,233 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $271,827 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,416,566 |
| Insurance | $0 |
| All other expenses | $74,274 |
| Total functional expenses | $8,077,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,855,022 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $357,553 |
| Accounts receivable, net | $53,668 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,450 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $231,251 |
| Net Land, buildings, and equipment | $14,009,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $925,788 |
| Total assets | $17,453,498 |
| Accounts payable and accrued expenses | $597,735 |
| 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 | $6,472,392 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,700 |
| Total liabilities | $7,131,827 |
| Net assets without donor restrictions | $10,321,671 |
| 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 | $17,453,498 |