Overview
What is Wca Development Corporation?
Wca Development Corporation is a supporting organization based in Los Angeles, California, specifically at 566 SAN PEDRO ST, ZIP 90013. Its primary mission is to foster the growth of businesses that align with the Weingart Center Association's mission, while also generating revenue to sustain its social enterprise operations. This nonprofit organization aims to enhance the Weingart Center Association's responsiveness to economic changes, both favorable and unfavorable, by creating and incubating growing businesses. These new enterprises not only offer social benefits, such as training past clients, but also contribute to the non-profit sector by subsidizing operations through their own sales revenue. The corporation employs clients who were previously served by the Weingart Center Association, thereby providing a mutually beneficial arrangement.
Is Wca Development Corporation legitimate?
Wca Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wca 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
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What is the mission statement of Wca Development Corporation?
The Wca Development Corporation's mission is to foster the growth of businesses that align with the Weingart Center Association's mission. This social enterprise creates or purchases such businesses to support its operations, while also providing a unique opportunity. The corporations established by Wca Development Corporation employ individuals who were previously served by the Weingart Center Association. This employment not only offers a social benefit by training these individuals but also saves non-profit resources by generating revenue through sales. The subsidized operations of the Weingart Center Association are thus sustained by these businesses.
What is the revenue of Wca Development Corporation?
Wca Development Corporation's revenue in 2023 was $0.
Who are the executives of Wca Development Corporation and what are their salaries?
There 1 volunteer at Wca Development Corporation.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $408,026
- Other: $24,162
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wca Development Corporation?
Wca Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wca Development Corporation
Wca Development Corporation, an arm of the Weingart Center Association, is dedicated to an innovative mission. Its primary objective is to cultivate or acquire thriving businesses that align with the Weingart Center Association's socially-focused mission. By doing so, Wca Development Corporation generates revenue that sustains its social enterprise operations. Moreover, this organization creates and nurtures growing businesses that employ individuals who were previously served by the Weingart Center Association. This strategic move serves a dual purpose: it offers training opportunities for these past clients, thereby empowering them, and also subsidizes non-profit resources through the sales revenue generated by these enterprises. This approach allows the Weingart Center Association to respond more swiftly and effectively to economic changes, both positive and negative.
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Impact
October, 2024
WCA Development Corporation plays a transformative role in the Los Angeles community by creating and acquiring businesses that not only align with the objectives of the Weingart Center Association but also generate revenue to sustain its operations. By fostering the growth of these enterprises, WCA Development accelerates the responsiveness of the Weingart Center to economic fluctuations, whether positive or negative.
A key impact of WCA Development is its focus on employment for individuals who have previously utilized the services of the Weingart Center. The businesses developed and incubated by the WCA provide valuable training opportunities for these individuals, facilitating their transition into the workforce. This dual approach not only addresses economic challenges by generating income for the organization but also empowers past clients, helping to integrate them into the labor market with the skills and experience they need to succeed.
Moreover, by subsidizing operations through the revenue generated from these businesses, WCA Development effectively maximizes nonprofit resources. This strategic model enhances organizational sustainability, allowing for continued support of the community and the individuals within it. Overall, WCA Development Corporation's impact is a vibrant blend of economic development and social empowerment, contributing significantly to the well-being of the people it serves while strengthening the fabric of the local economy.
This information is meant to be a general summary of Wca 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 2023.
Assets and Liabilities:
- Total Assets: $59,906
- Total Liabilities: $98,022
- Net Assets: -$38,116
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Organization Details
Founding Year
2011
Principal Officer
Senator Kevin Murray
NTEE Category
Code: L20 - Housing
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