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Peoples Redevelopment Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237187286 ✦ Providence, RI ✦ Designated as a 501(c)(3)

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Overview

What is Peoples Redevelopment Corporation?

Peoples Redevelopment Corporation is a nonprofit organization based in Providence, Rhode Island, specifically at 200 Gordon Avenue, 02905. Their primary mission is to promote, sponsor, construct, rehabilitate, own, and renovate affordable housing for individuals with low to moderate income levels. This corporation plays a crucial role in developing and selling affordable housing units, contributing to the provision of comfortable living spaces for those who may not otherwise have access to them.

Is Peoples Redevelopment Corporation legitimate?

Peoples Redevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peoples Redevelopment 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

What is the mission statement of Peoples Redevelopment Corporation?

Peoples Redevelopment Corporation's mission is centered around promoting, sponsoring, constructing, rehabilitating, owning, and renovating affordable housing for individuals with low and moderate income levels. Their primary objective is development, ownership, and sale of such housing units. This organization plays a significant role in providing suitable living spaces for those who may otherwise struggle with housing affordability.

Who is the CEO of Peoples Redevelopment Corporation?

Barbara Krank is the President of Peoples Redevelopment Corporation.

What is the revenue of Peoples Redevelopment Corporation?

Peoples Redevelopment Corporation's revenue in 2022 was $397,717.

Who are the executives of Peoples Redevelopment Corporation and what are their salaries?

There 6 volunteers at Peoples Redevelopment Corporation.


Here are 6 key members and their salaries:


Barbara Krank (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Sanders (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Lopes (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Gillikin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Buchanan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Antonio Lopes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Peoples Redevelopment Corporation?

Peoples Redevelopment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Peoples Redevelopment Corporation

Peoples Redevelopment Corporation, as a nonprofit organization, is dedicated to promoting, sponsoring, constructing, rehabilitating, owning, and renovating low-income housing. Their primary mission lies in the development, ownership, and sale of affordable housing. By taking on these tasks, Peoples Redevelopment Corporation aims to provide housing solutions for individuals with low and moderate incomes, thereby contributing to the betterment of their living conditions.

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Impact




October, 2024

Peoples Redevelopment Corporation plays a crucial role in enhancing the quality of life for low and moderate-income individuals and families in Providence, Rhode Island. By promoting, sponsoring, constructing, rehabilitating, owning, and renovating affordable housing, the organization directly addresses the pressing need for accessible housing options in the community. Their mission centers on the development, ownership, and sale of affordable housing, ensuring that residents have safe and stable living environments.

Through its initiatives, Peoples Redevelopment Corporation not only provides shelter but also fosters community development and economic stability. Their efforts help to revitalize neighborhoods, improve living conditions, and enable families to thrive in a supportive environment. By focusing on low-income housing, the organization contributes significantly to reducing housing insecurity and promoting equitable access to housing resources in the region.




This information is meant to be a general summary of Peoples Redevelopment 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.

Revenue
$397,717 (2022)
Expenses
$449,613 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $87
  • Program Service Revenue: $397,630
  • Gross Receipts: $397,717

Assets and Liabilities:

  • Total Assets: $11,644,999
  • Total Liabilities: $432,890
  • Net Assets: $11,212,109

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST INCOME NOTE R

Revenue

$325,631

TENANT RENT

Revenue

$71,999

Organization Details

Founding Year

1972

Principal Officer

Barbara Krank

Main Address

200 GORDON AVENUE, PROVIDENCE, RI, 029051840

NTEE Category

Code: L25Z - Housing

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