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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. Total assets have grown from $4.8M in 2019 to $6.4M in 2024. The foundation is governed by 5 officers and trustees. 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 its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Missouri. 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.
Smallest Grant
$8K
Median Grant
$18K
Average Grant
$36K
Largest Grant
$84K
Based on 3 grants from the most recent 990-PF filing.
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 | N/A |
| Alan Ratchford | Director | $0 | $0 | N/A |
| Jean Cody | President | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$6.4M
Fair Market Value
N/A
Net Worth
$2.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
7
Total Giving
$422K
Average Grant
$60K
Median Grant
$18K
Unique Recipients
5
Most Common Grant
$2K
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 | $30K | 2020 |