Overview
What is Pradera Corporation?
Pradera Corporation is a nonprofit organization situated in Philadelphia, Pennsylvania. Their primary mission involves raising funds to construct and sell affordable houses to eligible low-income homebuyers. Additionally, they operate a Resource Homes program, which places children in need of care with families capable of nurturing their physical and emotional well-being. The goal is to facilitate the eventual reunification of these children with their families. This program adheres to regulations set forth by both the Pennsylvania and Philadelphia Departments of Human Services.
Official website here: www.apmphila.org
What are the reviews and ratings of this charity?
**: 2 Stars (Needs Improvement)**ent)**
Pradera Corporation has received a Two-Star out of Four Star rating from Charity Navigator, scoring 66%. This rating reflects significant lapses in governance and financial practices, particularly noted by the lack of a majority of independent board members and a single independent board member out of eight total. While the organization maintains strong accountability measures, such as having a conflict of interest and whistleblower policies, it does show weaknesses in its financial health, particularly with a liabilities to assets ratio that raised concerns.
On the positive side, the nonprofit demonstrates a commendable program expense ratio of 94.48%, indicating that a substantial portion of its budget is dedicated to its programs rather than administrative costs. However, the absence of a posted Tax Form on its website and the overall weak governance structure may pose challenges in building public trust and transparency.
User reviews from GreatNonprofits are currently not available to provide further insights. Therefore, potential donors and supporters are encouraged to consider the strengths and gaps in the organization’s financial management and governance before engaging with Pradera Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Pradera Corporation legitimate?
Pradera Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pradera 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: $1,514,569
For more financial information, click here
Official website here: www.apmphila.org
What is the mission statement of Pradera Corporation?
Pradera Corporation's mission is centered around raising funds to develop, construct, and sell homes to eligible low-income homebuyers. Additionally, they operate a Resource Homes program, which places children with families capable of meeting their physical and emotional needs, with the ultimate goal of reunification. This program adheres to the regulations set by the Pennsylvania and Philadelphia Departments of Human Services.
Official website here: www.apmphila.org
Who is the CEO of Pradera Corporation?
Nilda Ruiz is the Vice President of Pradera Corporation.
Official website here: www.apmphila.org
What is the revenue of Pradera Corporation?
Pradera Corporation's revenue in 2022 was $7,408,093.
Official website here: www.apmphila.org
Who are the executives of Pradera Corporation and what are their salaries?
There 1 volunteer at Pradera Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $298,524
- Other: $68,306
- Compensation: $0
- Related: $172,436
- Other: $38,957
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.apmphila.org
Where can I find the form 990 for Pradera Corporation?
Pradera Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.apmphila.org
Learn more at the official website: www.apmphila.org
Mission Statement of Pradera Corporation
Pradera Corporation, a nonprofit organization, is dedicated to raising funds with the primary goal of developing, constructing, and selling houses to eligible low-income homebuyers. Beyond this, Pradera Corporation also operates a Resource Homes program, which places children with families that are capable of nurturing their physical and emotional needs. This program operates under the regulations set by the Pennsylvania and Philadelphia Departments of Human Services, with the ultimate aim of facilitating reunification for these children. The organization's mission is to provide safe and nurturing environments for these children, while simultaneously addressing the housing needs of low-income families.
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Impact
October, 2024
Pradera Corporation significantly impacts the Philadelphia community by addressing critical housing and child welfare needs. Through its housing initiative, the organization raises funds to develop, construct, and sell homes to low-income families, enabling them to achieve the dream of homeownership and fostering stable living environments that contribute to their economic well-being.
Additionally, Pradera Corporation operates a Resource Homes program that plays a vital role in child welfare. By carefully placing children with nurturing families, the organization ensures that their physical and emotional needs are met. This focus on reunification aligns with the goals set by Pennsylvania and Philadelphia's Departments of Human Services, promoting family integrity and stability.
Overall, Pradera Corporation’s dual focus on housing development and child placement creates lasting positive outcomes for vulnerable populations in Philadelphia, reinforcing community strength and resilience.
This information is meant to be a general summary of Pradera 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.
- Program Service Revenue: $3,175,534
- Gross Receipts: $7,408,093
Assets and Liabilities:
- Total Assets: $4,348,474
- Total Liabilities: $3,411,017
- Net Assets: $937,457
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOSTER CARE
Revenue
$3,175,534
Organization Details
Founding Year
2000
Phone
(267) 296-7200Principal Officer
Nilda Ruiz
Main Address
1900 N 9th St Ste 102 Suite 102, Philadelphia, PA, 19122
Website
www.apmphila.orgNTEE Category
Code: L80 - Housing
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