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Equity Homes is a private corporation based in SAINT LOUIS, MO. The foundation received its IRS ruling in 2019. The principal officer is % Jean Cody. It holds total assets of $6.4M. Annual income is reported at $4.1M. Subsidize infrastructure and incentives for development in the construction and sale of 23 newly constructed homes for sale to persons with incomes less that 140% of AMI. According to available records, Equity Homes has made 7 grants totaling $422K, with a median grant of $18K. Annual giving has decreased from $313K in 2020 to $500 in 2022. Individual grants have ranged from $500 to $281K, with an average award of $60K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Missouri. Contributions to this foundation are tax-deductible.
Acquisition, construction, rehabilitation, demolition, development and/or selling of property to combat deterioration, and to provide home ownership opportunities to persons of low/mod income. 3 houses rehabbed, three sold, one in progress 63 demolitions.
Expenses: $1.4M
Purchases of land, buildings and equipment for tax exempt purposes
Expenses: $373K
Purchases of homes and construction in progress for building homes of tax exempt purposes
Expenses: $682K
Subsidize infrastructure and incentives for development in the construction and sale of 23 newly constructed homes for sale to persons with incomes less that 140% of AMI. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in MO.
Equity Homes has distributed a total of $422K across 7 grants. The median grant size is $18K, with an average of $60K. Individual grants have ranged from $500 to $281K.
Equity Homes typically selects its grantees rather than accepting unsolicited proposals.
Equity Homes is headquartered in SAINT LOUIS, MO.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Britton Clemons | President | $111K | $6K | $117K |
| Jacqueline Davis | VP/Secretary | $100K | $5K | $105K |
| Patrick Brown | Treasurer | $0 | $0 | $0 |
| Alan Ratchford | Director | $0 | $0 | $0 |
| Jean Cody | President | $0 | $0 | $0 |
Total Giving
$2.2M
Total Assets
$6.6M
Fair Market Value
$6.6M
Net Worth
$3.9M
Grants Paid
$0
Contributions
$1.7M
Net Investment Income
$49K
Distribution Amount
$0
Total Grants
7
Total Giving
$422K
Average Grant
$60K
Median Grant
$18K
Unique Recipients
5
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Community Impact NetworkSupport workin early childhoodcollaborations | Saint Louis, MO | $8K | 2021 |
| City Of Wellstonsponsorship | Wellston, MO | $500 | 2022 |
| 241 Clt Lending Corpdba Equity HomeSupport Grants | Saint Louis, MO | $84K | 2021 |
| St Louis Area Diaper BankGift of Forklift | Saint Louis, MO | $18K | 2021 |
| Equity Lending CorporationTo support loan servicing operations | Saint Louis, MO |
Other foundations that have funded Equity Homes.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Community Impact Network | $1.6M | 2023 | DemolitionConstructionRenovations |
| Community Impact Network | $3.7M | 2022 | DemolitionConstructionNew Homes |
| Alvin Goldfarb Foundation | $3.1M | 2022 | Community Building &Economic Development |
| Alvin Goldfarb Foundation | $3.1M | 2022 | Community Building &Economic Development |
| $30K |
| 2020 |
| $2.3M |
| 2021 |
| Construction and Mortgage Notes |
| Alvin Goldfarb Foundation | $2.3M | 2021 | Community Building &Economic Development |
| Alvin Goldfarb Foundation | $2.4M | 2020 | Community Building &Economic Development |
| Alvin Goldfarb Foundation | $2.4M | 2020 | Community Building &Economic Development |
| Alvin Goldfarb Foundation | $2.4M | 2020 | Community Building &Economic Development |
| Community Impact Network | $5K | 2020 | Emergency COVIDRelief to CLT Homeowners |
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