Overview
What is Passyunk Avenue Revitalization Corporation?
Passyunk Avenue Revitalization Corporation, or PARC, is a charitable nonprofit organization situated in South Philadelphia. Their primary mission is to improve and revitalize neighborhoods along East Passyunk Avenue by acquiring, renovating, and rehabilitating both commercial and residential properties. This initiative aims to enhance the overall appearance and livability of the community. In collaboration with the City of Philadelphia, PARC offers cleaning services in specific areas, including Washington Avenue, Broad Street, and Snyder Avenue, with the goal of reducing litter and illegal dumping, promoting a clean and safe environment for residents and visitors, and creating employment opportunities. As a public space maintenance organization, PARC provides primary sidewalk cleaning support for the East Passyunk Avenue Business Improvement District. With a workforce of two dedicated individuals, PARC continuously strives to uplift the East Passyunk Avenue corridor.
Official website here: www.passyarc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Passyunk Avenue Revitalization Corporation has received a solid Three-Star rating from Charity Navigator, indicating a reliable level of organizational performance. The overall score of 81% is derived solely from its Accountability & Finance metrics, which demonstrates the charity's commitment to transparency and responsible management of resources.
The organization excels in various accountability measures, such as maintaining an entirely independent board of directors and having no material diversion of assets. It has robust policies in place, including a conflict of interest and whistleblower policy, which are crucial for maintaining ethical standards. The charity's program expense ratio is notably high at 91.84%, suggesting that a significant portion of its funding goes directly to its mission-related activities.
However, while the financial health indicators are strong, the rating is based exclusively on accountability and finance, without any consideration for the charity's effectiveness in achieving its mission. This limitation means that while Passyunk Avenue Revitalization Corporation is transparent and well-managed financially, potential donors may want to look deeper into operational outcomes to fully assess the impact of their support.
This AI summary has been generated from information found on Charity Navigator.
Is Passyunk Avenue Revitalization Corporation legitimate?
Passyunk Avenue Revitalization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Passyunk Avenue Revitalization 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: $97,464
Professional Fundraising Fees: $0
Other Salaries and Wages: $252
For more financial information, click here
Official website here: www.passyarc.com
What is the mission statement of Passyunk Avenue Revitalization Corporation?
The Passyunk Avenue Revitalization Corporation, often referred to as PARC, is a nonprofit organization with a mission to provide community services to neighborhoods along the East Passyunk Avenue corridor. Their primary goal is to enhance these communities by acquiring, renovating, and rehabilitating buildings to promote neighborhood improvement. The organization also provides cleaning services in partnership with the City of Philadelphia, focusing on areas like Washington Avenue, Broad Street, and Snyder Avenue. Their aim is to reduce litter and illegal dumping, create a clean and safe environment for residents and visitors, and generate employment opportunities. Moreover, PARC offers primary sidewalk cleaning support for the East Passyunk Avenue Business Improvement District.
Official website here: www.passyarc.com
Who is the CEO of Passyunk Avenue Revitalization Corporation?
Alex Balloon is the Executive Director (From 02/22) of Passyunk Avenue Revitalization Corporation.
Official website here: www.passyarc.com
What is the revenue of Passyunk Avenue Revitalization Corporation?
Passyunk Avenue Revitalization Corporation's revenue in 2022 was $1,122,096.
Official website here: www.passyarc.com
Who are the executives of Passyunk Avenue Revitalization Corporation and what are their salaries?
The average compensation at Passyunk Avenue Revitalization Corporation during 2022 was $48,858. There are 2 employees and 12 volunteers at Passyunk Avenue Revitalization Corporation.
Here are 12 key members and their salaries:
- Compensation: $82,212
- Related: $0
- Other: $0
- Compensation: $15,252
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.passyarc.com
Where can I find the form 990 for Passyunk Avenue Revitalization Corporation?
Passyunk Avenue Revitalization Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.passyarc.com
Learn more at the official website: www.passyarc.com
Mission Statement of Passyunk Avenue Revitalization Corporation
Passyunk Avenue Revitalization Corporation, or PARC, is a nonprofit charitable organization with a mission to provide community services for neighborhoods along the East Passyunk Avenue corridor in South Philadelphia. Their primary objective is to improve the quality of life in these communities by acquiring, renovating, and rehabilitating buildings. This initiative aims to promote neighborhood betterment and create a more livable environment.
In addition to their real estate development activities, PARC also provides community support and cleaning services. These services are designed to maintain the neighborhoods in a clean, safe, and habitable condition. The organization collaborates with the City of Philadelphia to clean areas such as Washington Avenue, Broad Street, and Snyder Avenue. Their goal is to reduce litter and illegal dumping, thereby enhancing the overall appearance of the neighborhoods for both residents and visitors. Furthermore, PARC's cleaning services create employment opportunities, contributing to the local economy.
In the East Passyunk Avenue Business Improvement District, PARC provides primary sidewalk cleaning support. This commitment is part of their broader mission to foster community development and enhance the overall appeal of the neighborhoods they serve. By maintaining cleanliness and safety, PARC contributes to a positive environment that encourages growth and economic activity, ultimately benefiting the local community.
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Impact
October, 2024
The Passyunk Avenue Revitalization Corporation significantly enhances the East Passyunk Avenue Corridor in South Philadelphia through targeted real estate development and public space maintenance. By acquiring, renovating, and rehabilitating both commercial and residential properties, the organization actively promotes neighborhood betterment, creating vibrant spaces for residents and businesses alike.
One of its core initiatives focuses on maintaining cleanliness and safety in the community. Collaborating with the City of Philadelphia, the organization provides essential cleaning services in key areas, aiming to minimize litter and illegal dumping. This commitment not only fosters a clean and appealing environment for residents and visitors but also cultivates a sense of pride within the community.
Furthermore, the corporation contributes to local economic growth by creating employment opportunities related to its cleaning services and maintenance efforts. Its primary sidewalk cleaning support for the East Passyunk Avenue Business Improvement District is a testament to its dedication to enhancing the business environment and overall quality of life in the area.
Overall, the impact of the Passyunk Avenue Revitalization Corporation is evident in its efforts to revitalize neighborhoods, improve public spaces, and promote community engagement, making East Passyunk Avenue a cleaner, safer, and more attractive place to live and work.
This information is meant to be a general summary of Passyunk Avenue Revitalization 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: $4,874
- Program Service Revenue: $762,888
- Gross Receipts: $1,122,096
Assets and Liabilities:
- Total Assets: $7,101,902
- Total Liabilities: $1,959,014
- Net Assets: $5,142,888
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$635,895
FEE INCOME
Revenue
$126,993
Organization Details
Founding Year
1999
Phone
(215) 551-5111Principal Officer
Alex Balloon
Main Address
1134 TITAN STREET, PHILADELPHIA, PA, 19147
Website
www.passyarc.comNTEE Category
Code: S20 - Community improvement
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