Overview
What is Punta Gorda Development Corporation?
Punta Gorda Development Corporation is a nonprofit organization situated in Punta Gorda, Florida. Its primary mission is to offer and develop affordable housing opportunities for individuals and families of low and moderate income, extending its services beyond the city limits to nearby areas. To achieve this goal, the corporation undertakes various activities such as preparing and renting out units, covering maintenance costs, and ensuring unit turnaround through tasks like cleaning, painting, landscaping, and HVAC services. By providing affordable housing, the organization aims to support diverse communities, including the elderly and handicapped.
Official website here: www.puntagordaha.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star rating.
The Punta Gorda Development Corporation has received a 70% rating from Charity Navigator, which translates to a Two-Star designation. This score reflects a solid performance in several areas, particularly in program expense management, where 77.76% of its expenses are allocated directly to programs. The organization also shows a strong track record in managing its liabilities, with a low liabilities to assets ratio of 1.45%.
However, the organization faces significant challenges regarding governance and transparency, as evidenced by its lack of independent board members and the absence of a whistleblower policy. Additionally, there are gaps in its financial transparency, such as not posting its tax form on its website. These factors have contributed to the lower accountability and finance score, indicating areas for improvement in governance practices and public accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Punta Gorda Development Corporation legitimate?
Punta Gorda Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Punta Gorda 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.puntagordaha.org
What is the mission statement of Punta Gorda Development Corporation?
The Punta Gorda Development Corporation is committed to providing and developing affordable housing opportunities for individuals and families of low to moderate income. This organization primarily operates in, although not limited to, specific areas, including Punta Gorda, Florida, and its surroundings. The mission involves engaging in or assisting in the development or operation of affordable housing for various groups, such as families, the elderly, and handicapped individuals. The corporation's activities involve preparing units for occupancy by taking care of necessary expenses, such as maintenance, cleaning, painting, landscaping, HVAC, and other related costs.
Official website here: www.puntagordaha.org
Who is the CEO of Punta Gorda Development Corporation?
Kurt Pentelecuc is the Secretary of Punta Gorda Development Corporation.
Official website here: www.puntagordaha.org
What is the revenue of Punta Gorda Development Corporation?
Punta Gorda Development Corporation's revenue in 2022 was $94,198.
Official website here: www.puntagordaha.org
Who are the executives of Punta Gorda Development Corporation and what are their salaries?
There 8 volunteers at Punta Gorda Development Corporation.
Here are 8 key members and their salaries:
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.puntagordaha.org
Where can I find the form 990 for Punta Gorda Development Corporation?
Punta Gorda Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.puntagordaha.org
Learn more at the official website: www.puntagordaha.org
Mission Statement of Punta Gorda Development Corporation
Punta Gorda Development Corporation, as a non-profit organization, is dedicated to providing and developing affordable housing opportunities for individuals and families of low to moderate income. Their mission extends beyond Punta Gorda, Florida, encompassing the surrounding areas as well. The corporation's primary goal is to engage in or assist in the development and operation of housing units that cater to this income bracket, including families, the elderly, and those with disabilities.
By providing affordable housing, Punta Gorda Development Corporation aims to address a critical need in the community. They ensure that the units they develop or manage are rented out to families in need, and they are committed to covering the necessary expenses associated with preparing these units for occupancy. This includes expenses related to maintenance, unit turnaround, cleaning, painting, landscaping, HVAC, and more. By doing so, the corporation is able to offer safe and comfortable living spaces to those who may not otherwise be able to afford them.
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
Punta Gorda Development Corporation significantly impacts the community by providing affordable housing opportunities for low- and moderate-income individuals and families in and around Punta Gorda, Florida. The organization's efforts focus on developing housing that is accessible and economically viable for those in need, helping to alleviate housing insecurity in the region.
By offering rental units specifically designed for low-income families, the corporation plays a vital role in improving living conditions and promoting stability for its residents. Additionally, the organization addresses ongoing maintenance needs—such as cleaning, painting, landscaping, and HVAC services—ensuring that homes are well-prepared for occupancy and remain comfortable for residents.
Through its mission, Punta Gorda Development Corporation not only enhances the housing landscape but also fosters a sense of community by supporting families, the elderly, and individuals with disabilities. By engaging in housing development and operational assistance, the corporation contributes to creating a more inclusive and supportive environment for all members of the community, ultimately working towards a healthier, more resilient Punta Gorda.
This information is meant to be a general summary of Punta Gorda 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 2022.
- Gross Receipts: $105,376
Assets and Liabilities:
- Total Assets: $568,907
- Total Liabilities: $9,311
- Net Assets: $559,596
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2004
Phone
(941) 639-4344Principal Officer
Kurt Pentelecuc
Main Address
340 Gulf Breeze Avenue, Punta Gorda, FL, 33950
Website
www.puntagordaha.orgNTEE Category
Code: L11 - Housing
If you are a representative of Punta Gorda 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.