Overview
What is Philadelphia Association Of Cdcs?
The Philadelphia Association of Cdcs, or PACDC, is a membership-based nonprofit organization dedicated to promoting equitable neighborhood revitalization in Philadelphia. Their mission is to support and empower community development corporations and non-profit organizations, enhancing their skills and advocating for resources to foster a just and inclusive city. In the past fiscal year, PACDC's accomplishments include policy and advocacy initiatives, such as securing funding for affordable housing, supporting housing counseling agencies, and advocating for inclusionary housing policies. They also collaborated on a Community Health Needs Assessment and a Health Impact Assessment to improve the city's rental regulatory and housing support systems. PACDC's headquarters is located in Philadelphia, Pennsylvania, and they employ a team of 10 individuals.
Official website here: www.pacdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Philadelphia Association of CDCs has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and finance practices. The organization scored exceptionally well on various metrics, including a perfect score for having an entirely independent board and an impressive program expense ratio of 86.29%. This suggests that a significant portion of their expenses is dedicated to their programs, which is a positive indicator of their operational efficiency.
The organization demonstrates a robust governance structure with a 100% independent board and comprehensive policies in place, such as conflict of interest and whistleblower policies. Additionally, their financial oversight appears to be thorough, as evidenced by the lack of material diversion of assets and high scores in audit and oversight measures. This level of transparency and accountability can instill confidence among donors and stakeholders.
However, while the rating reflects solid financial health and governance, it is important for potential donors and partners to consider the organization's specific mission and impact within the community. Overall, the Philadelphia Association of CDCs shows strong commitment to responsible financial management and effective programming.
This AI summary has been generated from information found on Charity Navigator.
Is Philadelphia Association Of Cdcs legitimate?
Philadelphia Association Of Cdcs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philadelphia Association Of Cdcs 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: $123,085
Professional Fundraising Fees: $0
Other Salaries and Wages: $435,669
For more financial information, click here
Official website here: www.pacdc.org
What is the mission statement of Philadelphia Association Of Cdcs?
The Philadelphia Association of CDCs, serving as a membership association, aims to foster the growth and improvement of community development corporations and non-profit community organizations. They accomplish this by enhancing their skills and advocating for the allocation of resources and policies. The association's mission is geared towards creating a just and inclusive city where every resident can live, work, and thrive in a neighborhood that offers a high quality of life. Their efforts primarily focus on two key areas: advocacy for systems reform and increased access to resources.
Official website here: www.pacdc.org
What is the revenue of Philadelphia Association Of Cdcs?
Philadelphia Association Of Cdcs's revenue in 2023 was $1,336,130.
Official website here: www.pacdc.org
Who are the executives of Philadelphia Association Of Cdcs and what are their salaries?
The average compensation at Philadelphia Association Of Cdcs during 2023 was $50,796. There are 11 employees and 140 volunteers at Philadelphia Association Of Cdcs.
Here are 16 key members and their salaries:
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Official website here: www.pacdc.org
Where can I find the form 990 for Philadelphia Association Of Cdcs?
Philadelphia Association Of Cdcs's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pacdc.org
Learn more at the official website: www.pacdc.org
Mission Statement of Philadelphia Association Of Cdcs
Philadelphia Association of CDCs, or PACDC, is a membership organization dedicated to fostering a vision of an equitable city where every Philadelphian can live, work, and thrive in a neighborhood offering an excellent quality of life. As a mission-driven association, PACDC focuses on two key areas: advocating for systems reform and increased access to resources, and enhancing the skills of community development corporations and non-profit community organizations. By doing so, PACDC aims to create a just and inclusive Philadelphia, empowering these organizations to effectively contribute to neighborhood revitalization. PACDC's mission is to support and strengthen its member organizations, thereby contributing to equitable and sustainable community development in Philadelphia.
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Impact
July, 2024
Philadelphia Association of CDCs has had a significant impact on Philadelphia's communities through its advocacy and efforts to promote equitable neighborhood revitalization. Some key accomplishments include:
- Successful advocacy for the Housing Trust Fund ballot question, resulting in an additional $28+ million per year for affordable homes starting in July 2022.
- Securing a $2 million increase in funding for housing counselors to help tenants, homeowners, and first-time homebuyers.
- Advocating for inclusionary housing policies that require affordable housing in larger market rate developments.
- Supporting state funding efforts for affordable housing, including the Whole Home Repairs Act.
- Backing enabling legislation for affordable housing tax abatements in the city.
- Collaborating on community health needs assessments and health impact assessments to improve housing support systems.
Through these initiatives, Philadelphia Association of CDCs is working towards its vision of creating an equitable city where every Philadelphian can live, work, and thrive in a neighborhood that offers an excellent quality of life.
This information is meant to be a general summary of Philadelphia Association Of Cdcs. 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.
- Investment Income: $394
- Program Service Revenue: $18,177
- Gross Receipts: $1,336,130
Assets and Liabilities:
- Total Assets: $1,191,850
- Total Liabilities: $60,658
- Net Assets: $1,131,192
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Training and conferences
Revenue
$18,177
Organization Details
Founding Year
1992
Principal Officer
Richard Sauer
Website
www.pacdc.orgNTEE Category
Code: S20Z - Community improvement
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