AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS
SAINT PAUL, MN | Ramsey County
Economic Development
Overview
AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS
80-0345712
1821 UNIVERSITY AVE W STE S145
SAINT PAUL, MN 55104
Ramsey County
SAINT PAUL, MN 55104
Ramsey County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Economic Development
Nonprofit location
- This nonprofit is not located in any CRA geographies.
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
B60
B - Educational Institutions
Adult Education
Institutions outside the formal system of regular schools, colleges, universities and technical/trade schools that provide opportunities for adults to develop basic learning and communication skills, complete their high school education, expand their knowledge in a particular field or discipline or develop skills in a new area of interest.
IRS Activity Codes
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
611699
All Other Miscellaneous Schools and Instruction
CRA Alignment
CRA Category
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
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then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Date Certified
-
Native American CDFI
N
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2018 | $125,000 | CDFI Financial Assistance | African Economic Development Solutions |
| 2019 | $146,000 | CDFI Financial Assistance | African Economic Development Solutions |
| 2021 | $300,000 | CDFI Financial Assistance | African Economic Development Solutions |
| 2022 | $325,000 | CDFI Financial Assistance | African Economic Development Solutions |
| 2024 | $625,000 | CDFI Financial Assistance | African Economic Development Solutions |
| 2021 | $540,450 | CDFI Rapid Response Program (COVID-19) | African Economic Development Solutions |
| 2017 | $124,989 | CDFI Technical Assistance | African Economic Development Solutions |
| 2020 | $125,000 | CDFI Technical Assistance | African Economic Development Solutions |
| 2021 | $105,000 | Small Dollar Loan Program | African Economic Development Solutions |
Includes CDFI Fund awards granted between January 2015 and December 2024
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$3.9M
Revenue
$3.9M
Assets
$10.1M
IRS Business Master File Details
As of July 2025
Exempt Ruling Date
2009-11
Deductibility Status
Deductible
Last Tax Filing
2023
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Publication 78 Details
As of March 2025
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
IRS Form 990 Returns
Through December 2024
Tax period ending in
2019-12
Nonprofit Location
Main Address
1821 UNIVERSITY AVE W STE S145
SAINT PAUL, MN 55104
Ramsey County
SAINT PAUL, MN 55104
Ramsey County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
33460
MSA/MD
27
State
123
County
0320.00
Tract
Middle
Income Level
Core-Based Statistical Area
33460 - Minneapolis-St. Paul-Bloomington, MN-WI
Combined Statistical Area
378 - Minneapolis-St. Paul, MN-WI
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
34.30%
FFIEC Distressed Census Tract
FFIEC Underserved Census Tract
Geographies Served
Market Data
| Census Tract | County | |
|---|---|---|
| 0320.00 | Ramsey County | |
| Population | ||
| Total Population | 2,767 | 544,438 |
| Total Households | 1,204 | 219,075 |
| Income | ||
| Median Income* | $99,944 | $81,004 |
| Median Family Income (2024 FFIEC est.) | $123,700 | $124,300 |
| Tract Income Percentage | 96.12% | N/A |
| Below Poverty Level | 10.9% | 12.4% |
| Unemployment Level | 4.7% | 4.7% |
| Housing | ||
| Total Housing Units | 1,253 | 231,606 |
| Total Owner-Occupied Units | 66.4% | 61.0% |
| Total Renter-Occupied Units | 29.7% | 39.0% |
| Total Vacant Units | 3.9% | 6.9% |
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2023 American Community Survey.
Management
8
Total Voting Members
in Governing Body
in Governing Body
8
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Gene Gelgelu
President & CEO
(651) 646-9411
President & CEO
(651) 646-9411
Principal Officer
Gene Gelgelu
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grant Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2023-12.
A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.
This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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