Level-Equity Building Inc
- Assets
- $830.8k
- Revenue
- $890.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- Data as of
- 12/2022
- EIN
- 86-2161510
Organization Overview
Level-Equity Building Inc is located in Pittsburgh, PA. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Level-Equity Building Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACQUISITION AND REDEVELOPMENT OF BLIGHTED PROPERTIES IN AND THROUGHOUT THE COMMONWEALTH OF PA
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHAB FOR RESALE PROGRAM - WORKING WITH COMMUNITIES AND LOCAL MUNICIPALITIES, LEVEL WILL ACQUIRE, FUNDRAISE, AND FACILITATE CONSTRUCTION ACTIVITIES ON SINGLE AND MULTI-FAMILY HOUSING PROJECTS THAT CREATE HOME OWNERSHIP OPPORTUNITIES FOR RESIDENTS.
PRE AND POST PURCHASE EDUCATION. WORKING WITH COMMUNITY RESIDENTS AND PARTNER ORGANIZATIONS, LEVEL WILL IDENTIFY AND PROVIDE RESOURCES FOR PRE AND POST PURCHASE EDUCATION OF THE BUYER. PRE PURCHASE EDUCATION WILL PREPARE THE BUYER FOR HOMEOWNERSHIP, POST PURCHASE EDUCATION WILL ASSIST THE BUYER IN THE MAINTENANCE OF HOMEOWNERSHIP.
THESE PROGRAMS HAVE NOT BEEN IMPLEMENTED AT THIS TIME BUT THEY ARE ON THE HORIZON IN THE NEAR FUTURE AS THE ORGANIZATION BUILDS UP ITS OPERATIONS.FACADE IMPROVEMENT PROGRAM - WORKING WITH COMMUNITIES AND LOCAL MUNICIPALITIES, LEVEL WILL IDENTIFY EXISTING RESIDENTS IN NEED OF FACADE IMPROVEMENTS AND WOULD PROVIDE THOSE SERVICES FREE OF CHARGE TO QUALIFYING RESIDENTS.ROOF PROGRAM - WORKING WITH COMMUNITIES AND LOCAL MUNICIPALITIES, LEVEL WILL IDENTIFY EXISTING RESIDENTS IN NEED OF ROOF REPAIRS AND WOULD PROVIDE THOSE SERVICES FREE OF CHARGE TO QUALIFYING RESIDENTS. ADDITIONALLY, LEVEL WILL STABILIZE ROOFS ON ACQUIRED PROPERTIES THAT WILL BE REHABILITATED IN THE FUTURE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Tigano Director & President | OfficerTrustee | 0 | $0 |
Robert Vescio Director & Treasurer | OfficerTrustee | 0 | $0 |
David Caliguiri Director & Secretary | OfficerTrustee | 0 | $0 |
Sabrina Saunders Mosby Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $400,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $490,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $890,588 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $890,588 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,208 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,871 |
| Travel | $0 |
| 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 | $7,684 |
| All other expenses | $125 |
| Total functional expenses | $59,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,096 |
| Net Land, buildings, and equipment | $75,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $382,853 |
| Total assets | $830,827 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $830,827 |
| 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 | $830,827 |