Overview
What is Pawtucket Central Falls Development Corp?
Pawtucket Central Falls Development Corporation is a nonprofit organization, established with the primary goal of expanding housing opportunities for families with moderate to low incomes. They accomplish this mission by forming two entities: PCDC and PCDC Homes. The organization's purpose is to provide affordable housing, as stated in their mission statement. In 2014, they furthered their cause by merging with Realty Endeavors for Affordable Community Housing, Inc., strengthening their ability to address the housing needs of their community.
Official website here: www.pcfdevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating
Pawtucket Central Falls Development Corp has received a Two-Star rating from Charity Navigator, which indicates that while the organization demonstrates some strengths, there are notable areas for improvement. The organization boasts a fully independent board and strong financial oversight, earning high marks for accountability and finance. Additionally, it maintains a high program expense ratio, indicating a commitment to putting resources toward its mission.
However, the nonprofit has significant weaknesses that have impacted its overall rating. The absence of a whistleblower policy and a document retention policy raises concerns about governance and transparency. Furthermore, the nonprofit has not posted its tax form on its website, which is another factor contributing to its lower score in accountability.
Overall, while Pawtucket Central Falls Development Corp has established certain strong practices, attention to governance policies and financial transparency could enhance its effectiveness and trustworthiness in the eyes of donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Pawtucket Central Falls Development Corp legitimate?
Pawtucket Central Falls Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pawtucket Central Falls Development Corp 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
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Other Salaries and Wages: $697,059
For more financial information, click here
Official website here: www.pcfdevelopment.org
What is the mission statement of Pawtucket Central Falls Development Corp?
The Pawtucket Central Falls Development Corporation, in its mission, aims to broaden the availability of housing for families with moderate to low incomes. Established through the formation of PCDC and PCDC Homes agency, the corporation's main objective is to provide affordable housing. In 2014, they merged with Realty Endeavors for Affordable Community Housing, Inc., further strengthening their commitment to this cause.
Official website here: www.pcfdevelopment.org
Who is the CEO of Pawtucket Central Falls Development Corp?
Linda Weisinger is the Exec Director of Pawtucket Central Falls Development Corp.
Official website here: www.pcfdevelopment.org
What is the revenue of Pawtucket Central Falls Development Corp?
Pawtucket Central Falls Development Corp's revenue in 2022 was $1,594,557.
Official website here: www.pcfdevelopment.org
Who are the executives of Pawtucket Central Falls Development Corp and what are their salaries?
The average compensation at Pawtucket Central Falls Development Corp during 2022 was $49,790. There are 14 employees at Pawtucket Central Falls Development Corp.
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Official website here: www.pcfdevelopment.org
Where can I find the form 990 for Pawtucket Central Falls Development Corp?
Pawtucket Central Falls Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pcfdevelopment.org
Learn more at the official website: www.pcfdevelopment.org
Mission Statement of Pawtucket Central Falls Development Corp
Pawtucket Central Falls Development Corporation, a nonprofit organization, is dedicated to expanding housing opportunities for families with moderate to low income. To achieve this mission, the organization has established two entities: PCDC and PCDC Homes. The primary goal of these agencies is to provide affordable housing. In pursuit of this objective, Pawtucket Central Falls Development Corporation merged with Realty Endeavors for Affordable Community Housing, Inc. on July 1, 2014. This merger aimed to strengthen their capabilities and resources to serve the community better. By providing affordable housing, the organization strives to contribute to a more equitable living environment, ensuring that all families have a decent place to call home.
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Impact
October, 2024
Pawtucket Central Falls Development Corporation significantly impacts the local community by expanding housing opportunities for low and moderate-income families. Through the establishment of PCDC and PCDC Homes, they actively work to provide affordable housing solutions that address the critical needs of families facing financial challenges. The merger with Realty Endeavors for Affordable Community Housing, Inc. in 2014 enhanced their capacity to serve the community, enabling a broader reach and more comprehensive housing solutions. Their efforts contribute to improved living conditions, stability, and overall quality of life for residents in Pawtucket and Central Falls, fostering a more inclusive and equitable community.
This information is meant to be a general summary of Pawtucket Central Falls 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 2022.
- Investment Income: $1,119
- Program Service Revenue: $416,760
- Gross Receipts: $5,496,241
Assets and Liabilities:
- Total Assets: $22,109,259
- Total Liabilities: $20,134,990
- Net Assets: $1,974,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$416,760
Organization Details
Founding Year
1994
Phone
(401) 726-1173Principal Officer
Linda Weisinger
Main Address
204 BROAD STREET, PAWTUCKET, RI, 02860
Website
www.pcfdevelopment.orgNTEE Category
Code: L25 - Housing
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