MLK AVENUE REDEVELOPMENT CORP
PO BOX 2204, MOBILE, AL 366522204

Total Revenue
$422,736
Total Expenses
$835,610
Net Assets
$3,071,944

Organizations Filed Purposes: COMMUNITY REDEVELOPMENT

MLK BUYS VACANT LOTS AND DILAPIDATED STRUCTURES, WHICH ARE DEMOLISHED, AND CONSTRUCTS NEW AFFORDABLE HOMES FOR SALE TO QUALIFYING LOW TO MODERATE INCOME PERSONS UNDER THE CHDO GRANT PROGRAM. TWO (2) HOMES WERE SOLD DURING THE YEAR. MLK ALSO FACILITATES A LEASE PURCHASE PROGRAM WHERE APPLICANTS CAN RENT HOMES RENOVATED BY THE ORGANIZATION TO ESTABLISH CREDIT TO EVENTUALLY PURCHASE THE HOME.

MLK DEVELOPED A COMMERCIAL STRIP CENTER ALONG THE MLK CORRIDOR TO ATTRACT A VARIETY OF BUSINESSES TO THE AREA.

MLK PROVIDES OTHER PROGRAMS ON AN AS NEEDED BASIS. THIS IS DETERMINED BY THE BOARD AND EXECUTIVE DIRECTOR. THESE PROGRAMS WORK IN CONJUNCTION WITH THE AHP AND COMMERCIAL VENTURE PROGRAMS IN AN EFFORT TO ENRICH THE MLK COMMUNITY AND ITS RESIDENTS. MLK IS PARTICIPATING IN A PROGRAM NAMED FINANCIAL EDUCATION WHICH TARGETS INDIVIDUALS AND TEACHES THEM BASIC FINANCIAL MANAGEMENT TECHNIQUES. MLK IS ALSO PARTICIPATING IN A PAINT THE BOTTOM CAMPAIGN TO REVITALIZE HOUSES IN THE AREA PREVIOUSLY UNDER THE AFFORDABLE HOMES PROGRAM

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Michael E PierceEXECUTIVE DI40$174,068
Daphne PierceEXECUTIVE DI40$45,000
Darrell RandleCHAIRMAN1.5$0
Christopher LeeADVISORY BRD0.25$0
Carlos GantVICE CHAIRMA0.25$0
Cheryl CalhounADVISORY BRD0.05$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202043219349303704_public.xml