Overview
What is Don Pedro Development Corporation?
Don Pedro Development Corporation is a nonprofit organization situated in Newark, New Jersey, specifically at 75 Park Avenue. Their primary mission involves the development of affordable housing and various real estate projects, aiming to contribute to the revitalization of Newark's neighborhoods. This includes redevelopment activities that help improve the overall condition of these communities. The corporation's work focuses on enhancing the living standards of local residents by providing affordable housing options and contributing to the renewal of Newark's urban landscape.
Official website here: www.lacasanwk.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Don Pedro Development Corporation has achieved an impressive 97% score, indicating a strong level of accountability and financial health. The score is derived from a comprehensive evaluation, particularly focusing on the organization’s adherence to best practices in governance and transparency. The charity has successfully maintained a fully independent board, which is critical for unbiased oversight.
Organizational strengths include a 100% program expense ratio, demonstrating that all funds are directed towards program services, which maximizes the impact of their work. Additionally, they have a robust set of policies in place, including conflict of interest and whistleblower policies, ensuring ethical operations. Their financial ratios, such as the liabilities to assets ratio of 38.61%, further underscore a sound financial position.
While the organization appears to be operating effectively, it's important for potential supporters to remain aware of executive compensation levels, with the President/CEO's salary at $188,555. Overall, the Don Pedro Development Corporation seems well-managed and committed to transparency, making it a reliable choice for donors looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Don Pedro Development Corporation?
94% of 70 reviewers on Facebook recommend Don Pedro Development Corporation. Here is a summary of their reviews:
Many users appreciate the organization for offering free computer classes in both English and Spanish, highlighting the accessibility and importance of these services. The provision of bilingual education seems to resonate positively with attendees, allowing a broader community to participate and benefit from the resources provided.
Overall, there is a strong sentiment of satisfaction among supporters, who recognize the positive impact of the nonprofit’s programs. The feedback reflects a commitment to community development and skills training, suggesting that Don Pedro Development Corporation effectively meets the needs of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Don Pedro Development Corporation legitimate?
Don Pedro Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Don Pedro Development 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.lacasanwk.org
What is the mission statement of Don Pedro Development Corporation?
The Don Pedro Development Corporation is committed to the development of affordable housing and various real estate projects. Their mission extends beyond just construction, as they also engage in redevelopment activities that contribute to the revitalization of communities. By undertaking these projects, they aim to positively impact the living conditions and overall development of neighborhoods. The specific details of their real estate development activities can be found in Schedule O.
Official website here: www.lacasanwk.org
Who is the CEO of Don Pedro Development Corporation?
Peter Rosario is the President of Don Pedro Development Corporation. The CEO's salary of Don Pedro Development Corporation is $0 and their total compensation is $71,940.
Official website here: www.lacasanwk.org
What is the revenue of Don Pedro Development Corporation?
Don Pedro Development Corporation's revenue in 2022 was $156,024.
Official website here: www.lacasanwk.org
Who are the executives of Don Pedro Development Corporation and what are their salaries?
Here are 8 key members and their salaries (Don Pedro Development Corporation's CEO's salary is $0 and their total compensation is $71,940):
- Compensation: $0
- Related: $174,236
- Other: $0
- Compensation: $0
- Related: $70,084
- Other: $1,856
- Compensation: $0
- Related: $33,255
- Other: $2,500
- Compensation: $0
- Related: $0
- Other: $0
- 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.lacasanwk.org
Where can I find the form 990 for Don Pedro Development Corporation?
Don Pedro Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lacasanwk.org
Learn more at the official website: www.lacasanwk.org
Mission Statement of Don Pedro Development Corporation
Don Pedro Development Corporation, a nonprofit organization, is dedicated to the development of affordable housing and various real estate projects. This mission is geared towards revitalizing communities, playing a crucial role in the revitalization of Newark's neighborhoods. The corporation engages in numerous redevelopment activities, contributing to the overall improvement of these communities. By focusing on affordable housing and real estate projects, Don Pedro Development Corporation aims to enhance living standards and foster a sense of community in the areas it serves.
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Impact
October, 2024
Don Pedro Development Corporation plays a crucial role in the revitalization of Newark's neighborhoods through the development of affordable housing and other real estate projects. By focusing on redevelopment activities, the organization addresses critical housing shortages and improves living conditions for residents. Their efforts contribute to the overall enhancement of community infrastructure, fostering a sense of stability and growth within the area.
In addition to providing affordable housing, Don Pedro Development Corporation's work promotes economic development, attracting investment and resources that benefit the local economy. The projects undertaken not only create homes but also stimulate job creation and enhance community pride, ultimately leading to a more vibrant and connected Newark.
This information is meant to be a general summary of Don Pedro Development 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: -$294,177
- Program Service Revenue: $393,274
- Gross Receipts: $615,201
Assets and Liabilities:
- Total Assets: $2,584,551
- Total Liabilities: $1,184,759
- Net Assets: $1,399,792
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$345,000
DEVELOPMENT FEE
Revenue
$48,274
Organization Details
Founding Year
1994
Phone
(973) 482-8312Principal Officer
Peter Rosario
Main Address
75 Park Avenue, Newark, NJ, 07104
Website
www.lacasanwk.orgNTEE Category
Code: L20Z - Housing
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