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.

Contact Information

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

General Information

Alternative Name
African Development Center of Minnesota ADC
EIN
200553370
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

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

Finances

3 Year Average Expenses
Program Services $745,590 74.4%
Management $174,134 17.4%
Fundraising $82,024 8.2%
Unrestricted Net Assets
2013 2012 2011
End of Year: $569,289 $414,501 $419,598
Beginning of Year: $414,501 $419,598 $702,444
Difference: $154,788 ($5,097) ($282,846)

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Phone: (651) 224–7030 • E-mail: info@smartgivers.org

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