NonprofitsGrant Housing And Economic Development Corporation Inc

Community Improvement & Capacity Building

Grant Housing And Economic Development Corporation Inc

DOWNEY, CA

Total revenue

$159K

Total expenses

$421K

Net assets

$858K

Grants received

EIN

954505619

Tax year

2024

Mission

GHEDC seeks to improve the socio-economic condition of residents through education low-income housing and economic development in depressed areas such as south Los Angeles Watts.

Programs

2 programs

GHEDC has been responsible for the community awareness and input component of several infrastructure and beautification projects in the area. As an example we were responsible to organize and conduct community planning and visioneering sessions for the development of a major street in south Los Angeles under the authority of the Community Redevelopment Agency of the City of Los Angeles. We seek to connect the community with environmental health and resource concerns through educational seminars training and outreach efforts to promote greening projects.

0

GHEDC constructed and maintains 92 units of multi-family housing for low-income residents in south Los Angeles. We have an additional 10 units where we offer a fresh start to families transitioning from homelessness and others with low-income housing needs.

Expenses: $94K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$159K
Investment income
Other revenue
Total revenue$159K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$421K
Total expenses$421K
Total assets$1.9M
Net assets$858K

People

4 listed

NameRoleCompensation

Dr Sean Gaston

President

Board

0

Rochelle Edmondson

Treasurer

Board

0

Lee Webster

Secretary

Board

0

Chris Jordan

Executive Director

Board

0

Details

EIN954505619
NTEE codeS31
Subsection03
Ruling date2012-06
Formed1992
Employees0
Volunteers0
GRANT HOUSING AND ECONOMIC DEVELOPMENT CORPORATION INC — Mission, Financials & Grants Received | Grantivo