Overview
What is Puerto Rican Organization For Community Educational & Economic Development?
The Puerto Rican Organization for Community Educational & Economic Development, abbreviated as P.R.O.C.E.E.D., Inc., is a nonprofit organization based in Elizabeth, New Jersey. With a team of 90 dedicated employees, their mission is to foster human empowerment and civic responsibility among economically and socially disadvantaged populations. They specialize in providing essential services and opportunities to enhance quality of life. Specifically, P.R.O.C.E.E.D., Inc. focuses on home energy and security improvements, home energy assistance, and transitional housing for the homeless and individuals with HIV and other infectious diseases. Committed to individual affirmation, family preservation, and community development, P.R.O.C.E.E.D., Inc. strives to create a positive impact on underprivileged communities.
Official website here: www.proceedinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator
The Puerto Rican Organization For Community Educational & Economic Development has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scored 100% in several key areas, including having a majority of independent board members and maintaining a robust conflict of interest policy. These factors demonstrate strong governance and ethical practices, contributing to its overall high score.
Key strengths of the organization include a significant program expense ratio of 86.39%, indicating that a large portion of its funds directly supports its programs and services. Additionally, the organization has shown effective management of its assets, with a low liabilities-to-assets ratio of 24.05%, suggesting a sound financial footing. The presence of a well-structured audit and oversight committee further enhances trust in its financial practices.
However, while the organization’s leadership salaries are noted, with the executive director earning $234,507, there could be concerns regarding salary levels in comparison to the organization's overall fundraising and programmatic efficiency. Nonetheless, the overall performance metrics suggest that the organization is effectively utilizing its resources to achieve its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Puerto Rican Organization For Community Educational & Economic Development?
80% of 16 reviewers on Facebook recommend the Puerto Rican Organization for Community Educational & Economic Development. Here is a summary of their reviews:
Many individuals praise the organization for its attentive and supportive staff, highlighting their willingness to assist and refer those in need. The positive experiences shared by users reflect a solid level of satisfaction with the services provided, indicating that they feel well cared for and supported in their endeavors.
Overall, the organization appears to effectively deliver on its mission, fostering a sense of community and providing valuable resources to those it serves. The commendations suggest a strong dedication to helping individuals achieve their educational and economic goals.
This AI summary has been generated from reviews found on Facebook.
Is Puerto Rican Organization For Community Educational & Economic Development legitimate?
Puerto Rican Organization For Community Educational & Economic Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Puerto Rican Organization For Community Educational & Economic Development 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: $219,084
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,813,023
For more financial information, click here
Official website here: www.proceedinc.com
What is the mission statement of Puerto Rican Organization For Community Educational & Economic Development?
The Puerto Rican Organization For Community Educational & Economic Development, or P.R.O.C.E.E.D., was founded with a mission to promote human empowerment and civic responsibility. It strives to provide opportunities for economically and socially disadvantaged populations, guided by the principles of individual affirmation, family preservation, and community development. The organization's primary goal is to facilitate quality of life opportunities for those in need. Specifically, it offers services related to home energy and security improvements, home energy assistance, and transitional housing for the homeless and individuals suffering from HIV and other infectious diseases.
Official website here: www.proceedinc.com
Who is the CEO of Puerto Rican Organization For Community Educational & Economic Development?
Teresa Soto Vega is the Executive Director of Puerto Rican Organization For Community Educational & Economic Development.
Official website here: www.proceedinc.com
What is the revenue of Puerto Rican Organization For Community Educational & Economic Development?
Puerto Rican Organization For Community Educational & Economic Development's revenue in 2022 was $13,199,398.
Official website here: www.proceedinc.com
Who are the executives of Puerto Rican Organization For Community Educational & Economic Development and what are their salaries?
The average compensation at Puerto Rican Organization For Community Educational & Economic Development during 2022 was $55,912. There are 90 employees at Puerto Rican Organization For Community Educational & Economic Development.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $219,703
- Related: $0
- Other: $38,405
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $202,540
- Related: $0
- Other: $39,239
- Compensation: $203,817
- Related: $0
- Other: $18,607
- Compensation: $107,615
- Related: $0
- Other: $8,357
- Compensation: $109,433
- Related: $0
- Other: $42,624
Official website here: www.proceedinc.com
Where can I find the form 990 for Puerto Rican Organization For Community Educational & Economic Development?
Puerto Rican Organization For Community Educational & Economic Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.proceedinc.com
Learn more at the official website: www.proceedinc.com
Mission Statement of Puerto Rican Organization For Community Educational & Economic Development
Puerto Rican Organization for Community Educational & Economic Development, or P.R.O.C.E.E.D., is a nonprofit organization dedicated to promoting human empowerment and civic responsibility. Its mission is to facilitate quality of life opportunities for economically and socially disadvantaged populations. P.R.O.C.E.E.D. is grounded in the principles of individual affirmation, family preservation, and community development.
Through its community development initiatives, P.R.O.C.E.E.D. provides vital services to improve the living conditions of those in need. The organization offers assistance with home energy and security improvements, home energy assistance, and transitional housing for the homeless and people living with HIV and other infectious diseases. By addressing these basic needs, P.R.O.C.E.E.D. helps create stable environments that empower individuals and families to focus on their personal growth and future opportunities.
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Impact
October, 2024
The Puerto Rican Organization For Community Educational & Economic Development (P.R.O.C.E.E.D.) significantly impacts the lives of economically and socially disadvantaged populations through its comprehensive community development initiatives. By focusing on human empowerment and civic responsibility, P.R.O.C.E.E.D. addresses critical areas such as home energy improvements, energy assistance, and transitional housing for homeless individuals and those affected by HIV and other infectious diseases.
Through its services, the organization enhances the quality of life for underserved communities in Elizabeth, NJ, by providing essential resources that promote family preservation and community development. P.R.O.C.E.E.D. not only improves living conditions but also fosters a sense of dignity and self-sufficiency among individuals and families, ultimately contributing to stronger, more resilient communities. Its commitment to empowering individuals and ensuring their needs are met plays a vital role in building a supportive environment where every member can thrive.
This information is meant to be a general summary of Puerto Rican Organization For Community Educational & Economic Development. 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.
- Investment Income: $7,777
- Program Service Revenue: $346,580
- Gross Receipts: $13,199,398
Assets and Liabilities:
- Total Assets: $11,805,286
- Total Liabilities: $3,006,600
- Net Assets: $8,798,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT FEES
Revenue
$346,580
Organization Details
Founding Year
1970
Phone
(908) 351-7727Principal Officer
Teresa Soto Vega
Main Address
1126 DICKINSON STREET 2ND F, ELIZABETH, NJ, 07201
Website
www.proceedinc.comNTEE Category
Code: P840 - Human services
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