AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS

SAINT PAUL, MN | Ramsey County
Economic Development
AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS
80-0345712
1821 UNIVERSITY AVE W STE S145
SAINT PAUL, MN 55104
Ramsey County
(651) 646-9411

Mission Statement info

AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS (AEDS) BUILDS WEALTH WITHIN AFRICAN IMMIGRANT COMMUNITIES THROUGH ECONOMIC DEVELOPMENT ACTIVITIES. WE WORK THROUGHOUT THE TWIN CITIES METROPOLITAN AREA TO CREATE WEALTH, LIFT IMMIGRANT COMMUNITIES OUT OF POVERTY, AND CONTRIBUTE TO AND BENEFIT FROM THE REGION'S VIBRANT ECONOMY.

Founded info
2008
Total Employees info
8
Total Volunteers info
63
CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Nonprofit Classification (NTEE Code) info
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 info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
611699
All Other Miscellaneous Schools and Instruction

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
-
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$146,000
CDFI Financial Assistance
2018
$125,000
CDFI Financial Assistance
2017
$124,989
CDFI Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$610.4K
Revenue
$610.4K
Assets
$566.7K
Exempt Ruling Date info
2009-11
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
MN
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
1821 UNIVERSITY AVE W STE S145
SAINT PAUL, MN 55104
Ramsey County
FIPS Geocoded Address info
33460
MSA/CBSA info
27
State info
123
County info
0320.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Minneapolis-St. Paul-Bloomington, MN-WI
Combined Statistical Area info
Minneapolis-St. Paul, MN-WI
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 36.95%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0320.00 Ramsey County
Population
Total Population 3,359 544,442
Total Households 1,279 209,043
Income
Median Family Income (Census*) $51,272 $64,660
Median Family Income (2019 FFIEC) $93,000 N/A
Tract Income Percentage 60.61% N/A
Below Poverty Level 24.3% 14%
Unemployment Level 9.9% 4.5%
Housing
Total Housing Units 1,279 219,977
Total Owner-Occupied Units 56.8% 59.4%
Total Renter-Occupied Units 43.2% 40.6%
Total Vacant Units 0.0% 5%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

5
Total Voting Members
in Governing Body info
5
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Gene Gelgelu
President & CEO
(651) 646-9411
Principal Officer info
Gene Gelgelu
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
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 Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax 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 www.learncra.com.