African Development Center of Minnesota

Mission Statement

The Mission of the African Development Center is to grow businesses, build wealth, and increase reinvestment in the African communities of Minnesota.

Impact and Programs

Accomplishments We were able to achieve 90% of our goals in housing and financial literacy; as well as meeting 175% of our financing and business development goals. We were able to create/retain more than 106 jobs through financing new and existing businesses.
Current Goals 1. Housing: Prepurchase education for 245 households Prepurchase counseling for150 households/individuals 2. Financial Education: Provide 5 Financial Workshops 3. Business Dev't: Provide prefinancing assistance for 20 clients Provide bus/development classes for 100 clients Provide financing to 20 clients Provide post financing tech assistance for a minimum of 4000 hours
Community or Constituency Served Primary constituents are Refugees and New African Immigrants, African Americans
Geographic Area Served Twin Cities metro area, and southern parts of greater Minnesota

Reports & Finances

If you have additional questions regarding a nonprofit's financials, visit their webiste, or call and ask to review their IRS Form 990, Annual Report, or Audit for a more complete picture of their financial story.
3 Year Average Expenses
Program Services
$745,590
74.4%
Management
$174,134
17.4%
Fundraising
$82,024
8.2%
Unrestricted Net Assets
End of Year:
Beginning of Year:
Difference:
2013
$569,289
$414,501
$154,788
2012
$414,501
$419,598
($5,097)
2011
$419,598
$702,444
($282,846)
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Connect

Address:
1931 S 5th Street
Minneapolis, MN 55454
Phone: 6123334772

General Information

Alternative Name: African Development Center of Minnesota ADC
EIN: 20-0553370
Principal Staff: Nasibu Sareva
Number of Full-Time Equivalents (FTE): 6
Volunteers: 25
Number of Clients: 1500

Board

Board Chair: Jo Ann Vano
Number of Board Members: 7
Average Member Attendance: 4.7

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Our mission is to mobilize informed donors and accountable nonprofits for the greater good. We envision vibrant and healthy communities for all, benefiting from effective and trustworthy nonprofits that are supported by a well-informed public’s generosity.

Let’s Connect

700 Raymond Avenue, Suite 160 • Saint Paul, MN 55114
Phone: (651) 224–7030 • E-mail: info@smartgivers.org

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