Overview
What is Synergy Community Development Corp?
Synergy Community Development Corp is a nonprofit organization dedicated to improving living conditions for underprivileged individuals and revitalizing communities. Their primary focus is on developing low-income multifamily housing rental projects, providing much-needed accommodation options for those in distress. Additionally, they strive to educate communities about the importance of smart growth, fostering sustainable development practices.
Official website here: www.synergycdc.org
Is Synergy Community Development Corp legitimate?
Synergy Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Synergy Community Development Corp submitted a form 990EZ, 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: $67,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.synergycdc.org
What is the mission statement of Synergy Community Development Corp?
Synergy Community Development Corp's mission is centered around providing housing solutions for economically disadvantaged individuals and revitalizing distressed neighborhoods. The organization excels in developing low-income multifamily rental projects. In addition to this, Synergy Community Development Corp is committed to educating communities on the concept of smart growth. Their work aims to improve living conditions for many and contribute to the overall betterment of the communities they serve.
Official website here: www.synergycdc.org
What is the revenue of Synergy Community Development Corp?
Synergy Community Development Corp's revenue in 2023 was $376,314.
Official website here: www.synergycdc.org
Who are the executives of Synergy Community Development Corp and what are their salaries?
The average compensation at Synergy Community Development Corp during 2023 was $67,692. There is 1 employee at Synergy Community Development Corp.
Here are 8 key members and their salaries:
- Compensation: $67,692
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.synergycdc.org
Where can I find the form 990 for Synergy Community Development Corp?
Synergy Community Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.synergycdc.org
Learn more at the official website: www.synergycdc.org
Mission Statement of Synergy Community Development Corp
Synergy Community Development Corp is an organization committed to providing housing solutions for impoverished and distressed individuals. Their mission is twofold: to revitalize neglected neighborhoods and educate communities about the importance of smart growth. They achieve this goal primarily by specializing in the development of low-income multifamily housing rental projects. By providing affordable housing, Synergy Community Development Corp contributes to the well-being of individuals and families in need, while simultaneously working to improve the overall condition of the communities where they operate. Their mission is not just about constructing buildings, but also about fostering sustainable growth and empowering communities to make informed decisions about their development.
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Impact
October, 2024
Synergy Community Development Corp significantly impacts Los Angeles by addressing housing challenges faced by impoverished and distressed individuals. By focusing on the development of low-income multifamily housing rental projects, the organization plays a vital role in providing safe and affordable housing options for those in need. Additionally, Synergy works to revitalize neighborhoods, fostering community growth and stability. Their educational initiatives on smart growth empower communities with the knowledge to make informed decisions about development and urban planning, ultimately creating a more sustainable and equitable environment for residents.
This information is meant to be a general summary of Synergy Community Development Corp. 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 2023.
- Investment Income: -$52
- Program Service Revenue: $370,953
- Gross Receipts: $376,314
Assets and Liabilities:
- Total Assets: $62,409
- Total Liabilities: $2,461
- Net Assets: $59,948
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developer Fees
Revenue
$355,085
GP FEE
Management Fees
Revenue
$15,868
Organization Details
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