Overview
What is Saca Development Corporation?
Saca Development Corporation is a nonprofit organization, headquartered at 453 S Lime Street A, Lancaster, PA 17602. Their primary mission is to provide affordable housing options for low to moderate-income families in economically or socially depressed areas of Lancaster County, Pennsylvania. To achieve this goal, the corporation engages in various activities, including purchasing, constructing, rehabilitating, and maintaining housing in blighted areas. They also aim to lessen government burdens by making decent housing available at lower-than-market rates and prices that are affordable to these income groups. In addition to housing, Saca Development Corporation is committed to community improvement and increasing employment opportunities for economically and socially disadvantaged families. They currently have two workforce development locations, TEC Centro East and TEC Centro Southwest, where classes are ongoing, resulting in well-trained employees for employers. They are also completing the second phase of an affordable housing project this summer, with all nine newly constructed homes under selling agreements. Furthermore, they are rehabilitating scattered site homes throughout the city to sell to low to moderate-income homebuyers. Saca Development Corporation's latest project, Sought Duke Plaza, will provide two professional office buildings and apartments in the southeast area of the city. As of now, the corporation has a workforce of 12 individuals.
Official website here: www.sacapa.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Saca Development Corporation has achieved an 81% score, indicative of solid accountability and finance practices which contribute to its Three-Star rating. The score is entirely based on the accountability and finance beacon, reflecting the organization's commitment to transparency and good governance. Key strengths include a fully independent board with a high percentage of members, comprehensive financial oversight, and well-documented policies regarding conflicts of interest and whistleblower protections.
The nonprofit scored particularly well in several areas, such as the material diversion of assets, where it received full points, indicating a strong commitment to safeguarding its resources. Additionally, the program expense ratio is impressive at 94.29%, suggesting that a significant portion of its funds directly supports its mission.
While the data underscores the organization's strengths, the sole focus on accountability and finance means that other operational aspects, such as program effectiveness and impact, are not evaluated in this rating. This limited overview suggests that while Saca Development Corporation is financially sound, potential donors may want to seek additional information about its program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Saca Development Corporation legitimate?
Saca Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saca 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: $162,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,119
For more financial information, click here
Official website here: www.sacapa.org
What is the mission statement of Saca Development Corporation?
Saca Development Corporation's mission is centered around providing affordable housing options for low to moderate income families. The corporation undertakes various activities to achieve this goal. It purchases, constructs, rehabilitates, owns, repairs, maintains, leases, and releases housing in economically or socially depressed areas. The corporation's aim is to lessen government burdens by making decent housing available in areas where traditional profit-making businesses have failed to do so. Additionally, it provides such housing on a non-profit basis, often at rents below market rates and prices affordable to low and moderate income individuals. Furthermore, Saca Development Corporation encourages community improvement and provides training and employment opportunities for economically and socially disadvantaged members of low and moderate income families.
Official website here: www.sacapa.org
Who is the CEO of Saca Development Corporation?
Jose R Lopez is the Ceo/Board Member of Saca Development Corporation. The CEO's salary of Saca Development Corporation is $63,115 and their total compensation is $168,522.
Official website here: www.sacapa.org
What is the revenue of Saca Development Corporation?
Saca Development Corporation's revenue in 2022 was $4,097,637.
Official website here: www.sacapa.org
Who are the executives of Saca Development Corporation and what are their salaries?
The average compensation at Saca Development Corporation during 2022 was $16,909. There are 12 employees and 9 volunteers at Saca Development Corporation.
Here are 12 key members and their salaries (Saca Development Corporation's CEO's salary is $63,115 and their total compensation is $168,522):
- Compensation: $63,115
- Related: $63,115
- Other: $42,292
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $114,102
- Other: $12,448
- Compensation: $73,498
- Related: $73,498
- Other: $6,954
Official website here: www.sacapa.org
Where can I find the form 990 for Saca Development Corporation?
Saca Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sacapa.org
Learn more at the official website: www.sacapa.org
Mission Statement of Saca Development Corporation
Saca Development Corporation, a non-profit organization, is established with a mission to provide affordable housing options for low to moderate income families. The corporation's primary objectives include:
1. Purchasing, constructing, rehabilitating, owning, repairing, maintaining, leasing, and releasing housing in economically or socially depressed areas. By doing so, Saca Development Corporation aims to alleviate the burden on government by making decent and affordable housing available in areas where traditional profit-making businesses have failed to do so. Wherever possible, they offer housing at rents below market rates, ensuring affordability for low and moderate income individuals.
2. Encouraging community improvement is another key aspect of Saca Development Corporation's mission. Recognizing the economic and social disadvantages faced by many families, the organization strives to provide increased employment opportunities for these individuals. This initiative not only improves the living conditions of the community but also empowers its members, contributing to overall community development.
In summary, Saca Development Corporation is committed to addressing the housing needs of low to moderate income families by offering affordable housing options in economically or socially depressed areas. Furthermore, they aim to encourage community improvement and provide increased employment opportunities for economically and socially disadvantaged families, thereby contributing to overall community development.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Saca Development Corporation significantly impacts the Lancaster community by providing affordable housing options for low to moderate-income families. Their initiatives are aimed at addressing the issue of affordable housing in blighted or economically depressed areas, filling a critical gap left by government and for-profit entities.
Currently, Saca Development is enhancing its workforce development efforts through programs at TEC Centro East and TEC Centro Southwest, which are equipping local residents with the skills needed to meet the demands of employers in the area. This effort not only prepares individuals for sustainable employment but also contributes to the economic revitalization of the community.
The organization is in the process of completing a second phase of its affordable housing project, featuring nine newly constructed homes that are already under sales agreements. Additionally, Saca Development is rehabilitating scattered site homes throughout Lancaster, furthering their mission to make home ownership accessible for low to moderate-income individuals.
Their latest venture, Duke Plaza, aims to introduce two new professional office buildings alongside residential apartments in the southeast area of the city, fostering both economic development and community improvement. Collectively, these efforts not only provide necessary housing solutions but also promote training and increased employment opportunities for the economically disadvantaged, thereby enhancing the overall quality of life in Lancaster.
This information is meant to be a general summary of Saca 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 2022.
- Investment Income: $217,404
- Program Service Revenue: $1,876,203
- Gross Receipts: $4,879,335
Assets and Liabilities:
- Total Assets: $17,509,211
- Total Liabilities: $13,156,490
- Net Assets: $4,352,721
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$1,730,553
MAINT. REIMBURSEMENT
Revenue
$135,080
MANAGEMENT FEE
Revenue
$10,570
Organization Details
Founding Year
1984
Phone
(717) 397-6267Principal Officer
Jose R Lopez
Main Address
453 S LIME STREET A, LANCASTER, PA, 17602
Website
www.sacapa.orgNTEE Category
Code: L20Z - Housing
If you are a representative of Saca Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.