Overview
What is Port Richmond Ind Dev Enterprise?
Port Richmond Ind Dev Enterprise is a nonprofit organization, situated in an urban setting, whose primary objective is to foster community economic development. They accomplish this by ensuring the cleanliness and security of the development zone. This mission-driven entity plays a significant role in revitalizing the community by providing a conducive environment for growth and development.
Official website here: www.pride-philly.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 16%
Port Richmond Ind Dev Enterprise has received a low score of 16%, resulting in a Zero-Star out of Four Star rating. This rating highlights significant concerns in the organization's accountability and financial practices. The lack of independent board members and a deficient conflict of interest policy are particularly alarming, suggesting potential governance issues that could impact the charity's effectiveness.
Additionally, the organization scored poorly in crucial areas such as financial management, demonstrated by a negative liabilities to assets ratio and an insufficient program expense ratio. These metrics indicate that the charity may not be effectively utilizing its resources to fulfill its mission, raising questions about its financial health and sustainability.
On a slightly positive note, the organization received full points for listing its website on its tax form and maintaining documentation for board meeting minutes. However, the overall picture painted by these ratings indicates that Port Richmond Ind Dev Enterprise has significant areas to improve in order to operate transparently and effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Port Richmond Ind Dev Enterprise legitimate?
Port Richmond Ind Dev Enterprise is a legitimate nonprofit organization registered as a 501(c)(3) entity. Port Richmond Ind Dev Enterprise submitted a form 990EZ, 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.
Official website here: www.pride-philly.com/
What is the mission statement of Port Richmond Ind Dev Enterprise?
Port Richmond Indevelopment Enterprise is dedicated to achieving community economic growth in an urban setting. Their primary objective is to secure and maintain the development zone while fostering this development. Their mission is centered around promoting economic advancement within the community, aiming to improve its overall well-being.
Official website here: www.pride-philly.com/
Who is the CEO of Port Richmond Ind Dev Enterprise?
Richard Hoffman is the President of Port Richmond Ind Dev Enterprise.
Official website here: www.pride-philly.com/
What is the revenue of Port Richmond Ind Dev Enterprise?
Port Richmond Ind Dev Enterprise's revenue in 2022 was $57,307.
Official website here: www.pride-philly.com/
Who are the executives of Port Richmond Ind Dev Enterprise and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.pride-philly.com/
Where can I find the form 990EZ for Port Richmond Ind Dev Enterprise?
Port Richmond Ind Dev Enterprise's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.pride-philly.com/
Learn more at the official website: www.pride-philly.com/
Mission Statement of Port Richmond Ind Dev Enterprise
Port Richmond Indevelopment Enterprise, in its mission, focuses on securing and maintaining the development zone with the primary objective of fostering economic growth in an urban setting. This nonprofit organization is dedicated to promoting community development by ensuring a clean and safe environment, thereby setting the stage for economic progress. By undertaking these activities, Port Richmond Indevelopment Enterprise aims to contribute to the overall well-being and prosperity of the community it serves.
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Impact
August, 2024
Port Richmond Ind Dev Enterprise plays a crucial role in securing and cleaning the development zone in Philadelphia. Its mission to promote community economic development in an urban setting has a direct impact on improving the quality of life for residents in the area. By revitalizing and enhancing the development zone, the organization contributes to the overall economic growth and attractiveness of the community. Its efforts not only create a more inviting environment for businesses but also foster a sense of pride and community spirit among residents, ultimately leading to a more vibrant and sustainable neighborhood.
This information is meant to be a general summary of Port Richmond Ind Dev Enterprise. 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.
- Gross Receipts: $57,307
Assets and Liabilities:
- Total Assets: $148,393
- Total Liabilities: $0
- Net Assets: $148,393
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Organization Details
Principal Officer
Richard Hoffman
Main Address
3525 AMBER STREET, PHILADELPHIA, PA, 191342700
Website
www.pride-philly.com/NTEE Category
Code: S30 - Community improvement
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