Program areas at MLK Avenue Redevelopment Corporation
MLK buys vacant lots and dilapidated structures, which are demolished, and constructs new affordable homes for sale to qualifying low to moderate income persons under the chdo grant program. One home was sold during the year. MLK also facilitates a lease purchase program where applicants can rent homes renovated by the organization to establish credit to eventually purchase the home.
MLK provides other programs on an as needed basis. This is determined by the board and executive director. These programs work in conjunction with the affordable homes program in an effort to enrich the MLK community and its residents. At times, MLK participates in a program named financial education (economic empowerment) which targets individuals and teaches them basic financial management techniques.
Who funds MLK Avenue Redevelopment Corporation
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| Fuse Project | 2023-12 | Sponsorship of Economic Empowerment Workshop Series 2023-24 | $2,500 |
Personnel at MLK Avenue Redevelopment Corporation
| Name | Title | Compensation | Date of data |
|---|
| Daphne S. Pierce | Executive Director | $90,000 | 2024-11-04 |
Financials for MLK Avenue Redevelopment Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $160,000 | $0 | 999% |
| Program services | $131,332 | $29,911 | 339.1% |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $1,075 | $0 | 999% |
| Total revenues | $292,407 | $29,911 | 877.6% |
Organizations like MLK Avenue Redevelopment Corporation
| Organization | Type | Location | Revenue |
|---|
| Harbor District | 501(c)(3) | Milwaukee, WI | $574,781 |
| College Area Economic Development Corporation | 501(c)(3) | San Diego, CA | $595,886 |
| Coatesville 2nd Century Alliance | 501(c)(3) | Coatesville, PA | $300,513 |
| Foundation for Little CO Revitalization | 501(c)(3) | Springerville, AZ | $810,218 |
| Partnership Grand Strand | 501(c)(3) | Myrtle Beach, SC | $551,807 |
| El Paso Collaborative for Community and Economic Development | 501(c)(3) | El Paso, TX | $400,581 |
| The Aiken Corporation of South Carolina | 501(c)(3) | Aiken, SC | $417,418 |
| Collingswood Partners | 501(c)(3) | Collingswood, NJ | $433,716 |
| Elmira Downtown Development | 501(c)(3) | Elmira, NY | $290,748 |
| Near West Side Partners | 501(c)(3) | Milwaukee, WI | $1,238,241 |
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 30, 2023
Updated personnel
Identified 1 new personnel
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
- Address
- PO Box 2204
- Mobile, AL 36652
- Metro area
- Mobile, AL
- County
- Mobile County, AL
- Website URL
- mlkarc.com/Â
- Phone
- (251) 432-3073
IRS details
- EIN
- 63-1088214
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1993
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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