Grand Avenue Economic Community Dev

EIN: 593131199 501(c)(3) Community Improvement

Orlando, FL

Total Revenue
$7,052,800
Total Expenses
$8,170,780
Total Assets
$16,118,457
Net Assets
$9,203,691
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
FL
Phone
4072940123
Tax Period
2024-01-01 to 2024-12-31

Grand Avenue Economic Community Dev, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $7.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $8.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

Serving the homeless population and low income persons to provide affordable living and economic opportunities

Program Service Accomplishments

Program 1
Expenses: $6,830,193

Supportive Housing - In 2024, Pathlight Home served approximately 700 individuals, with residents receiving case management services through one of Pathlight Homes supportive housing programs...

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Supportive Housing - In 2024, 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.

Program 2
Expenses: $318,266

The Drop in Center provides meals, social services and peer counseling for very low income and homeless persons with serious mental illness.200 persons were served during 2024.

Program 3
Expenses: $179,067

Training/Economic Opportunities - Pathlight Home serves individuals with barriers to employment through their programs, Pathlight Home Resource Center. Pathlight Kitchen culinary program offers...

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Training/Economic Opportunities - Pathlight Home serves individuals with barriers to employment through their programs, Pathlight Home Resource Center. Pathlight Kitchen culinary program offers 12-week basic culinary training including a food handler management certification, and ServSafe, and dining room and table service skills. 85% of Pathlight Kitchen culinary program participants obtained or maintained employment 6 months after the program, compared to only 12% who were employed prior to the program. During 2024 there were 170 participants in these training classes. Pathlight Employment Program - Employment counseling was offered to over 700 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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,610,660
Program Service Revenue $4,381,631
Investment Income $60,509
Other Revenue $0
TOTAL REVENUE $7,052,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,083,911
Fundraising Expenses $18,037
Program Expenses $7,327,526
Other Expenses $6,086,869
TOTAL EXPENSES $8,170,780

Year-over-Year Comparison

2024 2023 Change
Revenue $7,052,800 $8,057,507 -0.1%
Expenses $8,170,780 $8,077,242 +0.0%
Net Income $-1,117,980 $-19,735 +55.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$212,393
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Helaine Blum President EmeritusCo-FounderCFO 20.00
Officer
$119,662 $0 $119,662
Carl Falconer PresidentCEO 40.00
Officer
$92,731 $0 $92,731
Jann Rigell Chairperson 0.50
Director
$0 $0 $0
Ladd Fassett Director 0.50
Director
$0 $0 $0
Tom Hodges Treasurer 0.50
Director
$0 $0 $0
Laura Whitfield Director 0.50
Director
$0 $0 $0
Velvet Greene Director 0.50
Director
$0 $0 $0
Michelle Howard Secretary 0.50
Director
$0 $0 $0
Kevin Poole Director 0.50
Director
$0 $0 $0
Larri Thatcher Vice Chair 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $7,052,800 $8,170,780 $16,118,457 $-1,117,980
2023 $8,057,507 $8,077,242 $17,453,498 $-19,735
2022 $9,149,222 $7,497,120 $17,064,348 $1,652,102
2021 $6,865,821 $6,426,235 $15,324,319 $439,586
2020 $6,064,557 $5,821,269 $14,075,567 $243,288
2019 $5,211,102 $5,388,416 $13,693,754 $-177,314
2018 $5,373,465 $5,041,256 $13,932,353 $332,209
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