Overview
What is Pennsylvania Development & Management Corporation?
Pennsylvania Development & Management Corporation is a notable nonprofit organization situated in Lehighton, Pennsylvania. Their primary mission revolves around supporting and managing low-income housing units, as well as contributing to the development of related low-income housing projects. By doing so, they aim to provide affordable residential options for individuals who may face financial constraints. The organization operates diligently within the community, utilizing their resources to make a positive impact on housing needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 73%)
The Pennsylvania Development & Management Corporation has received a Two-Star rating from Charity Navigator, indicating that the organization is in need of improvement. With a score of 73%, it demonstrates some strengths in its accountability and finance metrics, showcasing a commitment to transparency and responsible management of resources.
The organization boasts a fully independent board with 100% of its members being independent, as well as an adequate size of six independent members. They also maintain proper documentation of board meeting minutes and have shown no material diversion of assets. The liabilities to assets ratio is favorable at 10.53%, and a strong program expense ratio of 71.25% reflects a significant portion of resources being directed towards its mission.
However, despite these positive aspects, the overall rating suggests there are areas for improvement. The need for better financial practices or operational efficiencies might be contributing factors to its current rating. Continuous monitoring and enhancement of these areas could lead to a stronger performance and higher ratings in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Pennsylvania Development & Management Corporation legitimate?
Pennsylvania Development & Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Development & Management 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.
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What is the mission statement of Pennsylvania Development & Management Corporation?
The Pennsylvania Development & Management Corporation is dedicated to assisting in the operation of low-income housing units and related low-income housing development. Their primary goal is to contribute to the provision and maintenance of affordable housing options for those in need. The corporation plays an active role in overseeing the operation of these units, ensuring they meet the requirements for low-income housing. Furthermore, they are involved in the development of new low-income housing projects, expanding the availability of affordable housing options in various communities.
Who is the CEO of Pennsylvania Development & Management Corporation?
Weston T Brehm is the President of Pennsylvania Development & Management Corporation.
What is the revenue of Pennsylvania Development & Management Corporation?
Pennsylvania Development & Management Corporation's revenue in 2022 was $52,770.
Who are the executives of Pennsylvania Development & Management Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Pennsylvania Development & Management Corporation?
Pennsylvania Development & Management Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pennsylvania Development & Management Corporation
Pennsylvania Development & Management Corporation, a nonprofit organization, is dedicated to assisting in the operation of low-income housing units and related low-income housing development. Their mission is centered around enhancing the living conditions for individuals with limited financial resources by overseeing the operation of affordable housing units. This organization plays a crucial role in fostering sustainable communities by contributing to the development of affordable housing options. By doing so, they help ensure that a diverse range of people have access to safe and comfortable living spaces, thereby promoting social equality and community well-being.
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Impact
August, 2024
Pennsylvania Development & Management Corporation's impact lies in assisting in the operation of low-income housing units and related low-income housing development in Lehighton, PA. Their work directly benefits individuals and families in need of affordable housing options, providing them with a safe and stable place to live. By focusing on this important aspect of community development, the organization contributes to tackling issues of homelessness and housing insecurity, ultimately improving the quality of life for many in the area.
This information is meant to be a general summary of Pennsylvania Development & Management 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: $84
- Program Service Revenue: $51,296
- Gross Receipts: $52,770
Assets and Liabilities:
- Total Assets: $768,860
- Total Liabilities: $69,660
- Net Assets: $699,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$51,296
Organization Details
Founding Year
1998
Phone
(610) 377-9375Principal Officer
Weston T Brehm
Main Address
215 SOUTH THIRD STREET, LEHIGHTON, PA, 18235
NTEE Category
Code: L22 - Housing
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