EANDC

What EANDC does

EANDC (East Akron Neighborhood Development Corporation) is a nonprofit community development organization founded in 1982 and headquartered in Akron, Ohio. It operates as a NeighborWorks America affiliate and likely Community Development Financial Institution, providing affordable rental housing, homeownership education, financial counseling, energy services, and neighborhood revitalization across Summit and Stark Counties. Its core service lines include direct management of 600+ rental housing units serving approximately 1,500 tenants (single-family homes, senior apartments, veterans housing, townhomes, and the I Promise family complex), the free HomeToday homebuyer education course with HUD credit counseling, no-cost energy audits and weatherization for income-eligible households, and the Center for Homeownership providing foreclosure avoidance and financial wellness counseling. EANDC has cumulatively developed over 800 housing units, invested more than $85 million in housing development and $45 million in energy services across 30,000+ homes, and counseled over 4,500 people through its homeownership programs — approximately 850 of whom have become homeowners, with a 94% sustained homeownership rate among EANDC tenants who purchase.\n\nThe organization's revenue model blends rental income from its owned property portfolio with charitable donations, corporate sponsorships (notably from regional banks including Fifth Third, PNC, Huntington, KeyBank, and US Bank), foundation grants, and government funding. Many core services (homebuyer education, financial counseling, energy audits for income-eligible households) are provided free of charge, functioning as entry points into the broader housing pipeline. EANDC's commercial real estate arm — anchored by Middlebury Plaza (2004, with Dave's Supermarket and Akron Children's Hospital) and Middlebury Commons (2019, mixed-use senior housing with retail) — generates additional rental income and community impact (160+ jobs created). The organization is governed by a 16-member board and led by CEO Cheryl L. Stephens, with a leadership team spanning COO, CFO, and Chief Real Estate Development Officer functions.\n\nEANDC's go-to-market is community-led and event-driven: monthly community meetings, neighborhood events, the 50-year-old East Akron Labor Day Parade, NeighborWorks Weeks, and partnerships with social service agencies and housing authorities drive awareness and referrals. Distribution is hybrid: direct leasing through the property management office for rentals, virtual Zoom-based classes for homebuyer education, and in-person field delivery for energy services. The organization's strategic positioning is that of a long-tenured, locally embedded anchor institution rather than a scalable platform — its moat derives from 40+ years of community trust, a vertically integrated service stack, and regulatory designations that funnel federal and philanthropic capital into a defined East Akron corridor.

Name

EANDC

Legal name

East Akron Neighborhood Development Corporation

Website

https://eandc.org

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

EANDC is a nonprofit community development corporation in Akron, Ohio, founded in 1982, that provides affordable rental housing, free homebuyer education, energy services, and neighborhood revitalization across Summit and Stark Counties for low- and moderate-income families, seniors, and veterans.

Ownership category

akta.pro rank

Product category

Affordable Housing & Community Development Services

NAICS

Community Housing Services (62422), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)

SIC

Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO), Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

Keywords

• Affordable housing services
• Community development corporation
• Homebuyer education
• Rental property management
• Neighborhood revitalization

Headquarters

HQ city

Akron

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Rental Income: Revenue from managing over 600 rental housing units across Summit and Stark Counties, including single-family homes, senior apartments, veterans apartments, and townhomes.
2. Donations and Grants: Charitable donations from individuals and organizations, plus grant funding from foundations and government sources to support community development programs.
3. Free Services Revenue (Community Impact): Free homebuyer education, financial wellness counseling, foreclosure avoidance counseling, and energy audits that serve as entry points to the organization's housing programs and maintain community relationships.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

EANDC (East Akron Neighborhood Development Corporation) is a community development nonprofit that manages over 600 affordable rental housing units—including single-family homes, senior apartments, townhomes, and veterans housing—across Summit and Stark Counties in Ohio. It provides free Homebuyer Education Courses (HomeToday), financial wellness and foreclosure avoidance counseling through its Center for Homeownership, no-cost Energy Audits and efficiency upgrades for income-eligible households, and community-driven neighborhood revitalization including commercial developments such as Middlebury Plaza and Middlebury Commons.

Product overview

EANDC (East Akron Neighborhood Development Corporation) is a community development organization offering a portfolio of housing and community services rather than a unified technology product. Core services include the Homebuyer Education Course (HomeToday program) providing free virtual homeownership education with HUD credit counseling, Energy Audits offering no-cost home energy improvements for income-eligible households, and the Center for Homeownership delivering financial wellness and foreclosure avoidance counseling. Property operations encompass over 600 rental housing units across single-family homes, senior apartments (including Middlebury Commons with 40 units for seniors 55+), veterans housing (Arlington Veterans Apartments), townhomes (Spicer Village, Stevenson Pointe), and the I Promise Housing complex. The organization also manages commercial properties including Middlebury Plaza and provides community programming through events such as the annual East Akron Labor Day Parade. The portfolio operates as interconnected service lines serving low-to-moderate income residents in Summit and Stark Counties, Ohio.

Differentiator

Problem solved

Functional benefit

Products and services

• Homebuyer Education Course (HomeToday) A free four-day virtual course teaching the homebuying process from financial preparation to home maintenance, including individual counseling sessions with HUD credit counselors. Designed for first-time homebuyers in Summit and Stark Counties seeking to prepare for homeownership.
• Energy Audits No-cost energy audits providing home energy analysis, LED bulbs, and Energy Star appliances (including refrigerators and freezers) for income-eligible households in Summit and Stark Counties. Eligibility thresholds: 175% EPP or 200% CCP by household size.
• Center for Homeownership A judgment-free program providing financial wellness counseling, foreclosure avoidance assistance, and homeownership preparation services for low and moderate income families in the Akron area.
• Rental Housing Properties Management of over 600 affordable rental housing units serving 1,500 tenants, including single-family homes, senior apartments, townhomes (e.g., Spicer Village, Stevenson Pointe), and veterans apartments across Summit and Stark Counties in Ohio. Section 8 vouchers accepted; $18 non-refundable pre-application fee.
• I Promise Housing Affordable apartment complex at 445 S. Maple St, Akron, offering 2, 3, and 4-bedroom units with amenities including parking and central air. Part of EANDC's affordable rental housing portfolio.
• Arlington Veterans Apartments Housing for disabled veterans at 202-224 N Arlington St, Akron, featuring 1-bedroom, 1-bathroom units with attached garages and handicap accessibility. Part of EANDC's affordable rental housing portfolio.
• Commercial Properties (Middlebury Plaza and Middlebury Commons) Commercial leasing services for Middlebury Plaza and Middlebury Commons properties for retail and business tenants. Middlebury Plaza was created in 2004 by transforming a brownfield site and brought Dave's Supermarket and an Akron Children's Hospital clinic to East Akron, generating 160+ jobs. Middlebury Commons includes 14,000 square feet of retail space at 931 E. Market St., Akron.

Quantifiable outcome

• 94% of EANDC tenants who purchased their home remained in their home, demonstrating successful transition to homeownership
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Dave's SupermarketcoreStrategic or Co-development PartnerIn 2004, EANDC transformed a brownfield site at Exchange and Arlington into Middlebury Plaza, bringing a full-service Dave's Supermarket to an urban area that had lacked access to fresh produce. This partnership created over 160 jobs and improved food access.
• Akron Children's HospitalminorStrategic or Co-development PartnerAkron Children's Hospital operates a clinic at Middlebury Plaza, providing healthcare access to the community within the EANDC-developed commercial space.
• McGregor PACEminorStrategic or Co-development PartnerEANDC partners with McGregor PACE to host Spring Senior Health and Wellness Fairs at McGregor PACE's Day Center in Akron, providing educational resources, giveaways, music, food, and refreshments for seniors.
• Kent State University Cleveland Urban Design Collaborative (CUDC)coreStrategic or Co-development PartnerIn 2013, EANDC hired the CUDC to assist with creation of the East Akron Neighborhood Revitalization Plan (EANRP), which promotes reuse of vacant lots and transformation into neighborhood assets.
• AmazonSmileminorGTM or Marketing PartnerEANDC receives donations through AmazonSmile program when customers shop and select EANDC as their nonprofit charity.
• Fifth Third Bank Financial Empowerment Mobile BusminorStrategic or Co-development PartnerFifth Third Bank's Financial Empowerment Mobile Bus (E-Bus) partners with EANDC to provide services including checking account opening assistance, down payment assistance, rental resources, and workforce development at EANDC senior housing locations.
• NeighborWorks AmericacoreStrategic or Co-development PartnerEANDC is affiliated with NeighborWorks, a national network focused on creating opportunities for people to live in affordable homes, build financial stability, and strengthen communities. Participates in annual NeighborWorks Weeks celebrations.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Cuyahoga Metropolitan Housing Authority: Cleveland-area public housing authority administering affordable rental and Section 8 programs. Operates in adjacent Northeast Ohio market with comparable resident populations but in a different sub-market from EANDC.

Broad incumbents

• Local Initiatives Support Corporation (LISC): National community development intermediary supporting local CDCs with financing, technical assistance, and capacity building. Comparable in mission focus on affordable housing and neighborhood revitalization but at national scale.
• National Church Residences: National nonprofit senior housing provider offering affordable independent and assisted living communities. Comparable to EANDC's senior housing portfolio (Middlebury Commons, Queen Esther's Village) but operates at national scale.
• Enterprise Community Partners: National nonprofit developer and CDFI investing in affordable housing and community development across the US. Operates a similar integrated housing + community revitalization model at much greater scale than EANDC.
• NeighborWorks America: National network of which EANDC is a member affiliate. Provides training, capital, and policy advocacy; comparable in mission and programmatic framework, but operates at a national scale rather than local community level.

Direct peers

• CHN Housing Partners: Cleveland-based nonprofit affordable housing organization providing rental housing, homeownership counseling, and community development across NE Ohio. Comparable to EANDC in mission, services portfolio, and regional footprint.
• NRP Group: Cleveland-based multifamily developer with significant affordable and workforce housing portfolio across the Midwest. Comparable operating model and regional concentration, though structured as a for-profit developer.
• Cleveland Housing Network: Nonprofit providing affordable rental housing, homeownership pathways, and foreclosure prevention counseling in Northeast Ohio. Closely aligned with EANDC's integrated housing-plus-counseling approach.
• Akron Metropolitan Housing Authority: Local public housing authority administering subsidized housing, Section 8 vouchers, and affordable housing programs across Akron. Directly overlaps with EANDC's affordable rental and senior housing customer base.
• Habitat for Humanity of Summit County: Summit County Habitat affiliate providing affordable homeownership opportunities, homebuyer education, and neighborhood revitalization in the same Akron-area market as EANDC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutu.be/kIPSob5rl30
• Facebookfacebook.com/eandc330
• Instagraminstagram.com/eandc330
• Xx.com/eandc330

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EANDC