Overview
What is Verde Inc?
Verde Inc, based in Portland, Oregon, is a nonprofit organization that aims to foster environmental wealth through social enterprise, outreach, and advocacy. Established with a mission to create contracting opportunities for minority-owned and women-owned businesses, and provide workforce development opportunities for individuals from low-income, underrepresented communities, Verde Inc operates as a licensed and bonded commercial general contractor in Oregon. Their activities focus on establishing environmental businesses, employing and training low-income adults, and bringing environmental infrastructure to underserved neighborhoods. This approach aims to foster a connection between economic vitality and environmental protection and restoration. With a workforce of 26 individuals, Verde Inc serves its communities by promoting a sustainable and inclusive green economy.
Official website here: www.verdenw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Verde Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization scored exceptionally well in all evaluated categories, showcasing a clean record with no material diversion of assets and robust financial oversight. This rating indicates that donors can trust Verde Inc to manage their contributions effectively.
The nonprofit's governance structure is particularly commendable, with a fully independent board and well-documented policies in place, such as conflict of interest and whistleblower protections. Additionally, Verde Inc demonstrates strong fiscal health, with a high program expense ratio indicating that the majority of its resources are directed toward its mission-driven activities. A low fundraising efficiency ratio further suggests that the organization is adept at minimizing costs relative to the funds raised.
While the overall data is overwhelmingly positive, potential donors might consider looking for information on the specific impact of Verde Inc's programs and services, as the rating primarily focuses on financial aspects. Nonetheless, the strong financial management and governance practices position Verde Inc as a reputable nonprofit in its field.
This AI summary has been generated from information found on Charity Navigator.
Is Verde Inc legitimate?
Verde Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verde Inc 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: $127,758
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,538,895
For more financial information, click here
Official website here: www.verdenw.org
What is the mission statement of Verde Inc?
Verde Inc's mission is centered around enhancing communities by fostering environmental wealth. They achieve this through social enterprise, outreach, and advocacy. Verde Inc establishes environmental businesses to provide employment and training opportunities for low-income adults. They also create contracting chances for minority-owned and women-owned businesses, and bring environmental infrastructure to underserved neighborhoods. This mission emphasizes the connection between economic vitality and environmental protection and restoration. Verde Inc, through its division Verde Builds, serves as a licensed and bonded commercial general contractor in Oregon, aiming to provide contract opportunities for minority-owned and women-owned businesses and offer workforce development opportunities to individuals from low-income, underrepresented communities.
Official website here: www.verdenw.org
What is the revenue of Verde Inc?
Verde Inc's revenue in 2024 was $5,351,134.
Official website here: www.verdenw.org
Who are the executives of Verde Inc and what are their salaries?
The average compensation at Verde Inc during 2024 was $52,083. There are 32 employees and 30 volunteers at Verde Inc.
Here are 10 key members and their salaries:
- Compensation: $109,692
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- Other: $8,973
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Official website here: www.verdenw.org
Where can I find the form 990 for Verde Inc?
Verde Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.verdenw.org
Learn more at the official website: www.verdenw.org
Mission Statement of Verde Inc
Verde Inc, a nonprofit organization, strives to enrich communities by fostering environmental wealth through social enterprise, outreach, and advocacy. Its mission is twofold: firstly, it establishes environmental businesses that provide employment and training opportunities for low-income adults. Secondly, it creates contracting opportunities for minority-owned and women-owned businesses, thereby bringing environmental infrastructure to disadvantaged neighborhoods. This approach underscores the connection between economic vitality and environmental protection and restoration. Verde Inc, through its initiatives, aims to bridge the gap in Portland's green economy, ensuring that individuals from low-income, racial minority communities are not overlooked. The organization's work is centered around the belief that environmental health and community prosperity are intertwined, and by focusing on both, it can create lasting change.
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Impact
October, 2024
Verde Inc significantly impacts communities by fostering economic vitality and environmental protection through the establishment of environmental businesses. By focusing on workforce development, Verde creates meaningful employment and training opportunities for low-income adults, particularly those from communities of color that have historically been marginalized in Portland’s green economy.
Through its initiative, Verde Builds—a licensed and bonded commercial general contractor—Verde Inc prioritizes creating contracting opportunities for minority-owned and women-owned businesses. This not only helps diversify the local economy but also empowers these businesses to thrive and contribute to their communities.
Moreover, Verde's commitment to building environmental wealth connects economic development with the enhancement of environmental infrastructure in low-income neighborhoods. By integrating social enterprise, outreach, and advocacy, Verde Inc plays a crucial role in promoting sustainable practices while elevating the voices and skills of underrepresented populations in the workforce.
This information is meant to be a general summary of Verde Inc. 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: $51,983
- Program Service Revenue: $227,397
- Gross Receipts: $5,351,134
Assets and Liabilities:
- Total Assets: $3,296,238
- Total Liabilities: $430,428
- Net Assets: $2,865,810
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE CONTRACTS
Revenue
$227,397
Organization Details
Founding Year
2005
Principal Officer
Candace Avalos
Website
www.verdenw.orgNTEE Category
Code: J220 - Employment
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