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Hazelwood Initiative Inc

EIN 25-1825591 · Pittsburgh, PA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair55 out of 100GovernanceGood83 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF HAZELWOOD INITIATIVE IS BUILDING A STRONGER HAZELWOOD THROUGH INCLUSIVE COMMUNITY DEVELOPMENT.

Income
$5.0 million
Spending
$2.6 million
Spent on programs
83%
Reserves
-6.3 months of spending
Largest source of income
donations and private grants, 84%
Employees
7
Volunteers
20
Highest pay
$115,059, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 55 out of 100. Higher than 27% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 30% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 48% of income.

  • Income trend

    15 of 15

    Income rose 79% on the year before.

  • Spending floor

    15 of 15

    83% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 83 out of 100. Higher than 35% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $2.0 million spent. REAL ESTATE DEVELOPMENT: HI REAL ESTATE FOCUSES ON BOTH AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT. THE GOALS OF OUR AFFORDABLE HOUSING PROGRAM ARE TO HELP EXISTING HOMEOWNERS STAY IN THEIR HOMES BY WORKING WITH THEM TO COMPLETE NEEDED DEFERRED MAINTENANCE ITEMS; TO HELP HAZELWOOD RENTERS TO BECOME HOMEOWNERS, AND TO FACILITATE THE PRESERVATION AND DEVELOPMENT OF AFFORDABLE RENTAL HOUSING. THE GOALS OF OUR COMMERCIAL DEVELOPMENT PROGRAM ARE TO ENSURE THE NEIGHBORHOOD BUSINESS DISTRICT BECOMES A WALKABLE, VIBRANT TOWN CENTER AS WELL AS TO SUPPORT THE GROWTH OF DEVELOPMENT OF 40 ENTREPRENEURS, SMALL BUSINESSES, & ORGANIZATIONS.
  2. $150,480 spent. ENGAGEMENT AND OUTREACH: HI PUBLISHES A MONTHLY COMMUNITY NEWSPAPER THAT IS DELIVERED TO APPROXIMATELY 10,000 HOUSEHOLDS IN AND AROUND THE HAZELWOOD NEIGHBORHOOD TO KEEP THE COMMUNITY INFORMED ABOUT COMMUNITY AND REGIONAL HAPPENINGS. HI ALSO OPERATES SMALL GRANTS PROGRAM TO SUPPORT NEIGHBORHOOD-BASED SMALL BUSINESSES AND ORGANIZATIONS AND LOW- & MODERATE-INCOME HOUSEHOLDS. ADDITIONALLY, HI PROVIDES REGULAR OPEN FORUMS FOR NEIGHBORS TO BUILD COMMUNITY, ADVOCATE FOR BETTER SERVICES, AND ENJOY COMMUNITY-BUILDING AND SOCIAL ACTIVITIES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1999.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.