Overview
What is Steel Valley Enterprise Zone Corporation?
Steel Valley Enterprise Zone Corporation is a nonprofit organization situated in Homestead, Pennsylvania. Their primary mission is to foster economic growth within the community by providing various types of assistance. This includes offering low-interest loans, facilitating community enhancements, and providing technical assistance. By doing so, they aim to stimulate economic development in the area, ultimately benefiting its residents.
Official website here: www.svez.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
Steel Valley Enterprise Zone Corporation has achieved a strong rating of 90%, reflecting its commitment to accountability and finance, which is the sole metric used to determine its score. The organization scores exceptionally well in multiple areas, including having a fully independent board, a low liabilities-to-assets ratio, and a high program expense ratio of 96.22%. These factors indicate a robust financial health and a dedication to effectively utilizing its resources for its mission.
The organization’s strengths are evident in its governance and transparency practices. Notably, it has 100% independent board members and a comprehensive conflict of interest policy. Additionally, the organization maintains clear documentation of board meeting minutes and has policies in place for document retention, showcasing a commitment to operational integrity.
However, there is a limitation regarding the absence of a whistleblower policy, which may raise concerns about internal accountability. Despite this, the overall positive financial indicators and governance practices contribute to the organization’s strong performance, making it a commendable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Steel Valley Enterprise Zone Corporation legitimate?
Steel Valley Enterprise Zone Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steel Valley Enterprise Zone 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
For more financial information, click here
Official website here: www.svez.org
What is the mission statement of Steel Valley Enterprise Zone Corporation?
The Steel Valley Enterprise Zone Corporation's mission is centered around promoting the economic growth of the community. They achieve this by offering various forms of assistance, such as providing low-interest loans, facilitating community enhancements, and offering technical assistance. This initiative aims to stimulate economic development within the community.
Official website here: www.svez.org
Who is the CEO of Steel Valley Enterprise Zone Corporation?
Steven Kovacik is the President of Steel Valley Enterprise Zone Corporation.
Official website here: www.svez.org
What is the revenue of Steel Valley Enterprise Zone Corporation?
Steel Valley Enterprise Zone Corporation's revenue in 2022 was $13,738.
Official website here: www.svez.org
Who are the executives of Steel Valley Enterprise Zone Corporation and what are their salaries?
There 20 volunteers at Steel Valley Enterprise Zone Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.svez.org
Where can I find the form 990 for Steel Valley Enterprise Zone Corporation?
Steel Valley Enterprise Zone Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svez.org
Learn more at the official website: www.svez.org
Mission Statement of Steel Valley Enterprise Zone Corporation
Steel Valley Enterprise Zone Corporation, as its mission statement suggests, is committed to fostering economic growth within the community. This is achieved through various means, including the provision of financial assistance, community enhancements, and technical assistance. More specifically, the organization offers low-interest loans to aid in business development, thereby promoting economic advancement. Beyond financial assistance, Steel Valley Enterprise Zone Corporation also invests in community enhancements and provides technical assistance. These initiatives not only support existing businesses but also contribute to the overall improvement of the community's economic landscape. By providing these resources, the corporation aims to stimulate economic activity and contribute to the prosperity of the community.
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
August, 2024
Steel Valley Enterprise Zone Corporation has a significant impact on the community by promoting economic development through initiatives such as low-interest loans, community enhancements, and technical assistance. These efforts directly contribute to the economic furtherance of the community in areas such as business development and revitalization. Through their Business Development Loan Program and other assistance programs, Steel Valley Enterprise Zone Corporation plays a vital role in supporting local businesses and fostering community improvement in Homestead, PA.
This information is meant to be a general summary of Steel Valley Enterprise Zone 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: $6,343
- Program Service Revenue: $7,395
- Gross Receipts: $13,738
Assets and Liabilities:
- Total Assets: $1,797,682
- Total Liabilities: $0
- Net Assets: $1,797,682
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.
INTEREST INCOME--LOANS
Revenue
$7,395
PROGRAM FEES
Organization Details
Founding Year
1985
Phone
(412) 469-9331Principal Officer
Steven Kovacik
Main Address
PO BOX 168, HOMESTEAD, PA, 15120
Website
www.svez.orgNTEE Category
Code: S31 - Community improvement
If you are a representative of Steel Valley Enterprise Zone 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.