Medici Road

“Description AmountADVERTISING & MARKETING 936BANK FEES 109DUES & SUBSCRIPTIONS 1,070INSURANCE 317INTEREST PAID 91LOAN ORIGINATION FEE 2,400EVENT MEALS 1,663MEMBERSHIP FEES 50TAXES & LICENSES 1,291TRAVEL 2,465REIMBURSABLE EXPENSES (7,734)MISCELLANEOUS EXPENSES 2,080”

“Description AmountADJUSTMENT TO NET ASSETS (57,182)”

“Category Beginning of Year End of YearCOMPUTER & EQUIPMENTS 1,026 454”

“Category Beginning of Year End of YearCREDIT CARD & NOTES PAYABLE 32,146 101,781”

“Primary Exempt Purpose: Medici Road has shifted from activating as a think tank to executing as a Community Development Organization. Whereas most community development organizations provide financial services or other transactional activities as their direct service Medici Road will deliver research, policy, program and affordable housing development as our direct service. The research, program, and policy creation is not a change for the organization. However, developing affordable housing is new as well as naming racial equity as a core function of our work. Our bylaws and mission statement have been updated to account for this change. Primary Exempt Purpose (CONTINUED):Medici Road will utilize a community economic development model to positively impact the economic, environmental, and social dimensions of the metro Washington, DC area. Our role will be to coordinate, initiate, promote, develop and assist in the upbuilding of the community, including education, public health, housing, economic development, recreation, social justice, racial equity and other matters of civic interest. Our two newest activity areas will be workforce development and community economic development. Our primary mission has grown to include housing and now reads as It is our mission to reduce long-term generational poverty by linking education, housing, and public health outcomes while uprooting the racist systems that perpetuate their inequi Primary Exempt Purpose (CONTINUED): The primary housing focus is to develop and improve low-moderate income communities and neighborhoods through economic and housing development; whose activities and decisions are initiated, and supported, by the constituents of the local community; and whose primary function is to act as the master community economic developer and packager of projects and activities that will increase residents opportunities to become owners, managers, and producers of small businesses, affordable housing and jobs designed to reduce poverty, unemployment and curb blight in the metro Washington, DC area. Primary Exempt Purpose (CONTINUED): Activities of Medici Road may now include projects that promote business development, increase access to capital for local entrepreneurs, real estate development, commercial revitalization, housing development and other issues that foster the economic growth and development of our targeted communities. It may also include providing consulting and advisory services related to any and all of the Corporations charitable and educational purposes. EXEMPT PURPOSE ACHIEVEMENTS: COMMUNITY ECONOMIC DEVELOPMENTAs mentioned above, Medici Road will lead activities that are designed to reduce poverty, unemployment and curb blight in the metro Washington, DC area. The activities listed below represent a sample of Medici Roads community economic development activities:Community Economic DevelopmentHousing DevelopmentPlanning and Organizational Development EXEMPT PURPOSE ACHIEVEMENTS (CONTINUED):WORKFORCE DEVELOPMENTOur workforce development will focus on how to train, hire and find employment for residents to become involved in policy making or housing development. Medici Roads workforce development will target programs and policies that promote the mastery of new job-related knowledge and skills and access to real employment opportunities. We will focus specifically on three items:Training residents in, or recently removed, how to be policy writersDesigning, and testing in collaboration with other partners, school to work transition programsHousing development programs that prepare people for jobs in things other than construction (development, architecture, business management, surveyor, finance, appraiser, etc)”