Hazelwood Initiative Inc
- Assets
- $12.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 9
- Location
- Pittsburgh, PA
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 25-1825591
Organization Overview
Hazelwood Initiative Inc is located in Pittsburgh, PA. The organization was established in 1999. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Hazelwood Initiative Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hazelwood Initiative Inc 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, Hazelwood Initiative Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 22.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HAZELWOOD INITIATIVE IS BUILDING A STRONGER HAZELWOOD THROUGH INCLUSIVE COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE DEVELOPMENT:HI REAL ESTATE FOCUSES ON BOTH AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT. THE GOALS OF OUR AFFORDABLE HOUSING PROGRAM ARE TO HELP EXISTING HOMEOWNERS STAY IN THEIR HOMES BY WORKING WITH THEM TO COMPLETE NEEDED DEFERRED MAINTENANCE ITEMS; TO HELP HAZELWOOD RENTERS TO BECOME HOMEOWNERS, AND TO FACILITATE THE PRESERVATION AND DEVELOPMENT OF AFFORDABLE RENTAL HOUSING. THE GOALS OF OUR COMMERCIAL DEVELOPMENT PROGRAM ARE TO ENSURE THE NEIGHBORHOOD BUSINESS DISTRICT BECOMES A WALKABLE, VIBRANT TOWN CENTER AS WELL AS TO SUPPORT THE GROWTH AND DEVELOPMENT OF 40 ENTREPRENEURS, SMALL BUSINESSES, & ORGANIZATIONS.
ENGAGEMENT AND OUTREACH:HI PUBLISHES A MONTHLY COMMUNITY NEWSPAPER THAT IS DELIVERED TO APPROXIMATELY 10,000 HOUSEHOLDS IN AND AROUND THE HAZELWOOD NEIGHBORHOOD TO KEEP THE COMMUNITY INFORMED ABOUT COMMUNITY AND REGIONAL HAPPENINGS. HI ALSO OPERATES SMALL GRANTS PROGRAM TO SUPPORT NEIGHBORHOOD-BASED SMALL BUSINESSES AND ORGANIZATIONS AND LOW- & MODERATE-INCOME HOUSEHOLDS. ADDITIONALLY, HI PROVIDES REGULAR OPEN FORUMS FOR NEIGHBORS TO BUILD COMMUNITY, ADVOCATE FOR BETTER SERVICES, AND ENJOY COMMUNITY-BUILDING AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonya Tilghman Executive Dir. | Officer | 40 | $102,596 |
Jourdan Hicks Chairman | OfficerTrustee | 5 | $0 |
Fran Bertonaschi Treasurer | OfficerTrustee | 5 | $0 |
Amber Rooke Vice Chair | OfficerTrustee | 5 | $0 |
Gavin White Secretary | OfficerTrustee | 5 | $0 |
Dianne Shenk Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Power 59 Construction Llc Contractor | 12/30/21 | $317,690 |
Concrete Rose Construction Llc Construction | 12/30/21 | $201,441 |
Hnms Inc Construction | 12/30/21 | $489,276 |
Jendoco Construction Corporation Construction | 12/30/21 | $102,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,335 |
| Related organizations | $0 |
| Government grants | $725,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,404,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,132,368 |
| Total Program Service Revenue | $15,504 |
| Investment income | $469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $458,344 |
| Net Gain/Loss on Asset Sales | -$667,635 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,940,670 |
| 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. | $102,596 |
| Compensation of current officers, directors, key employees. | $46,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,113 |
| Pension plan accruals and contributions | $6,975 |
| Other employee benefits | $15,710 |
| Payroll taxes | $30,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $262,898 |
| Advertising and promotion | $0 |
| Office expenses | $9,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $149,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,725 |
| Insurance | $154,036 |
| All other expenses | $132,926 |
| Total functional expenses | $2,040,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,630,165 |
| Savings and temporary cash investments | $270,485 |
| Pledges and grants receivable | $132,840 |
| Accounts receivable, net | $44,596 |
| 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 | $83,392 |
| Net Land, buildings, and equipment | $8,121,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $32,660 |
| Other assets | $1,600,194 |
| Total assets | $12,916,299 |
| Accounts payable and accrued expenses | $241,015 |
| 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 | $3,734,771 |
| Unsecured mortgages and notes payable | $47,000 |
| Other liabilities | $250,377 |
| Total liabilities | $4,273,163 |
| Net assets without donor restrictions | $5,828,264 |
| Net assets with donor restrictions | $2,814,872 |
| 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 | $12,916,299 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Hazelwood Initiative Inc has recieved totaling $2,569,536.
| Awarding Organization | Amount |
|---|---|
The Heinz Endowments Pittsburgh, PA PURPOSE: FOR GENERAL OPERATING SUPPORT AS HAZELWOOD INITIATIVE FINALIZES THEIR ORGANIZATIONAL STRATEGIC PLAN, AND TO SUPPORT COMMUNITY CONTROL OF 64 UNITS OF PERMANENTLY AFFORDABLE RENTAL HOUSING IN HAZELWOOD | $750,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TOWARD TWO-YEAR SUPPORT TO PURCHASE AND RENOVATE COMMERCIAL PROPERTIES IN THE HAZELWOOD BUSINESS DISTRICT, AND ACQUIRE RESIDENTIAL PROPERTIES | $483,509 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TOWARD TWO-YEAR SUPPORT TO PURCHASE AND RENOVATE COMMERCIAL PROPERTIES IN THE HAZELWOOD BUSINESS DISTRICT, AND ACQUIRE RESIDENTIAL PROPERTIES | $483,509 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: DISCOUNT HOME REPAIR PROGRAM | $250,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: FOR GENERAL OPERATING SUPPORT, CAPACITY BUILDING, AND PLANNING FOR THE STABILIZATION OF A STRATEGIC VACANT FORMER SCHOOL FACILITY | $237,500 |
The Heinz Endowments Pittsburgh, PA PURPOSE: FOR STRATEGIC PLANNING TO INCREASE ORGANIZATIONAL CAPACITY AND EFFECTIVENESS AT A PARTICULARLY IMPORTANT TIME FOR THE NEIGHBORHOOD OF HAZELWOOD | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Linganore Association Inc New Market, MD | $10,199,975 | $5,995,596 |
East Harlem Council For Community Improvement Inc New York, NY | $2,118,161 | $3,411,139 |
Warwick Valley Local Development Corporation Warwick, NY | $848,951 | $5,651,378 |
Radisson Community Association Inc Baldwinsville, NY | $3,036,076 | $2,758,047 |
Trustees Of New Castle Common New Castle, DE | $18,463,159 | $4,025,581 |
Laura E Price Briggs Estate 4042008-Te Pittsburgh, PA | $36,510,296 | $1,566,500 |
Hidden Valley Foundation Inc Hidden Valley, PA | $3,819,746 | $2,615,880 |
Hazelwood Initiative Inc Pittsburgh, PA | $12,916,299 | $2,940,670 |
Greater Cleveland Neighborhood Centers Association Cleveland, OH | $1,849,768 | $3,284,465 |
Community Housing Improvement Program Inc New York, NY | $2,216,727 | $1,575,020 |
Pennsylvania Apartment Association Bala Cynwyd, PA | $1,420,169 | $1,873,030 |
Good Old Lower East Side Inc New York, NY | $2,010,294 | $1,873,147 |