Overview
What is Rio Hondo Community Development Corporation?
The Rio Hondo Community Development Corporation, situated in El Monte, California, is a nonprofit organization with a mission to enhance and preserve decent and affordable housing for low and moderate-income individuals. Their activities are geared towards bettering the community by alleviating poverty, dependency, chronic unemployment, and underemployment. Furthermore, they combat community deterioration and work towards promoting economic revitalization in areas experiencing economic distress. With a small team of two dedicated employees, they strive to improve the housing inventory and contribute to the overall social welfare of their community.
Official website here: www.riohondocdc.org
Is Rio Hondo Community Development Corporation legitimate?
Rio Hondo Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rio Hondo Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $36,143
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,519
For more financial information, click here
Official website here: www.riohondocdc.org
What is the mission statement of Rio Hondo Community Development Corporation?
The Rio Hondo Community Development Corporation's mission is centered around improving and preserving decent and affordable housing for low and moderate-income individuals. They aim to uplift the community by alleviating poverty, dependency, chronic unemployment, and underemployment. Furthermore, the corporation works towards combating community deterioration and revitalizing economically distressed areas, thereby promoting economic vitality.
Official website here: www.riohondocdc.org
What is the revenue of Rio Hondo Community Development Corporation?
Rio Hondo Community Development Corporation's revenue in 2024 was $576,958.
Official website here: www.riohondocdc.org
Who are the executives of Rio Hondo Community Development Corporation and what are their salaries?
The average compensation at Rio Hondo Community Development Corporation during 2024 was $33,331. There are 2 employees at Rio Hondo Community Development Corporation.
Here are 6 key members and their salaries:
- Compensation: $36,143
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.riohondocdc.org
Where can I find the form 990 for Rio Hondo Community Development Corporation?
Rio Hondo Community Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.riohondocdc.org
Learn more at the official website: www.riohondocdc.org
Mission Statement of Rio Hondo Community Development Corporation
The Rio Hondo Community Development Corporation is dedicated to improving and preserving the housing inventory that is both decent and affordable for low and moderate-income individuals. Their mission extends beyond just housing, as they also aim to promote the social welfare of the community by alleviating poverty, dependency, chronic unemployment, and underemployment. Furthermore, they strive to combat community deterioration and contribute to the restoration of economic vitality in areas experiencing economic distress. In essence, the organization seeks to enhance the living conditions and overall well-being of its community members, enabling them to live with dignity and self-sufficiency.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Rio Hondo Community Development Corporation significantly enhances the quality of life for low and moderate-income individuals in El Monte, California, by focusing on improving, constructing, and preserving decent and affordable housing. Their initiatives directly address the critical need for safe and affordable housing options, promoting stability and well-being within the community.
By alleviating poverty and tackling issues related to chronic unemployment and underemployment, they play a vital role in advancing the social welfare of the community. Their work helps to reduce dependency and foster economic opportunities, which in turn combats community deterioration. Through revitalization efforts, they restore economic vitality to areas facing distress, ultimately contributing to a stronger, more resilient community.
The impact of the Rio Hondo Community Development Corporation extends beyond housing; it encompasses the overall social fabric by uplifting individuals and families, thereby enhancing both personal and community health. Their commitment to creating a sustainable environment fosters a sense of community pride and equity, laying the groundwork for long-term positive change.
This information is meant to be a general summary of Rio Hondo Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $4,522
- Program Service Revenue: $572,436
- Gross Receipts: $576,958
Assets and Liabilities:
- Total Assets: $3,434,546
- Total Liabilities: $1,710,325
- Net Assets: $1,724,221
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$14,783
RENTAL INCOME
Revenue
$557,653
Organization Details
Founding Year
2002
Principal Officer
Kenneth Ferreira
Website
www.riohondocdc.orgNTEE Category
Code: L21 - Housing
If you are a representative of Rio Hondo Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.