Overview
What is Central Pennsylvania Development Corp?
Central Pennsylvania Development Corp is a nonprofit organization situated in Clearfield, Pennsylvania. Their primary focus is to manage rental properties funded by the U.S. Department of Housing and Urban Development (HUD), which are owned by related 501(c)(3) corporations. Additionally, they engage in purchasing, rehabilitating, and selling single-family homes to qualified individuals through the HUD "HOMES" program. The organization's mission is to provide and administer affordable housing in Clearfield County, Pennsylvania, thereby contributing to the community's housing needs.
Official website here: www.cpcaa.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Central Pennsylvania Development Corp demonstrates some strengths in accountability and finance, it falls short in certain governance practices. The organization has a strong independent board, with 88% of members being independent and no material diversion of assets noted.
Strengths include a good score for the percentage of program expenses, which stands at 61.44%, suggesting a focus on its mission-related activities. Additionally, the organization has a solid liabilities to assets ratio of 27.59%, indicating a manageable debt level. The presence of documented board meeting minutes and a listed website on the tax form further contribute to its positive financial accountability.
However, the organization has significant limitations, particularly in terms of governance policies. It is lacking both a conflict of interest policy and a whistleblower policy, which are essential for ensuring transparency and ethical oversight. These gaps have notably affected its overall score, contributing to the Two-Star rating. Addressing these issues could enhance the organization’s accountability and improve its standing in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Central Pennsylvania Development Corp legitimate?
Central Pennsylvania Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Pennsylvania Development Corp 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: $117,030
For more financial information, click here
Official website here: www.cpcaa.net
What is the mission statement of Central Pennsylvania Development Corp?
Central Pennsylvania Development Corp is committed to providing and managing affordable housing. Their mission extends beyond just administration, as they also purchase, rehabilitate, and sell single-family homes through the HUD "HOMES" program. The organization's activities are focused on ensuring affordable housing becomes available to qualified individuals. They work in collaboration with related 501(c)(3) corporations, offering management services to HUD-funded rental properties. In essence, Central Pennsylvania Development Corp is dedicated to improving housing affordability and accessibility for individuals in need.
Official website here: www.cpcaa.net
Who is the CEO of Central Pennsylvania Development Corp?
Michelle Stiner is the Secretary/Tr of Central Pennsylvania Development Corp.
Official website here: www.cpcaa.net
What is the revenue of Central Pennsylvania Development Corp?
Central Pennsylvania Development Corp's revenue in 2022 was $69,447.
Official website here: www.cpcaa.net
Who are the executives of Central Pennsylvania Development Corp and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $81,058
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Official website here: www.cpcaa.net
Where can I find the form 990 for Central Pennsylvania Development Corp?
Central Pennsylvania Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cpcaa.net
Learn more at the official website: www.cpcaa.net
Mission Statement of Central Pennsylvania Development Corp
Central Pennsylvania Development Corp, as a nonprofit organization, is dedicated to providing and administering affordable housing in its mission. This mission extends beyond just a simple description, as the corporation also provides management services to HUD-funded rental properties owned by related 501(c) (3) corporations. In addition to this, Central Pennsylvania Development Corp actively purchases, rehabilitates, and sells single-family homes to qualified individuals, utilizing the HUD "HOMES" program. This initiative is instrumental in providing affordable housing solutions within the community, contributing significantly to the housing sector in Pennsylvania.
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Impact
August, 2024
Central Pennsylvania Development Corp's impact in Clearfield County, PA, is significant as it focuses on providing and administering affordable housing opportunities in the region. Through its activities, the organization plays a crucial role in addressing housing needs for residents in Clearfield County, Pennsylvania. By purchasing, rehabilitating, and selling single-family homes to qualified individuals through programs like HUD "Homes," the Central Pennsylvania Development Corp helps increase access to affordable housing options in the area. Additionally, by providing management services to HUD-funded rental properties owned by related 501(c)(3) corporations, the organization contributes to ensuring the availability of affordable housing options for individuals and families in the community. Overall, Central Pennsylvania Development Corp's work has a direct and positive impact on the local housing landscape, making it an important player in addressing housing challenges in Clearfield County.
This information is meant to be a general summary of Central Pennsylvania Development Corp. 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: -$269
- Program Service Revenue: $374,422
- Gross Receipts: $876,512
Assets and Liabilities:
- Total Assets: $3,262,261
- Total Liabilities: $346,605
- Net Assets: $2,915,656
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$374,422
Organization Details
Founding Year
1983
Phone
(814) 765-1551Principal Officer
Michelle Stiner
Main Address
PO BOX 792, CLEARFIELD, PA, 16830
Website
www.cpcaa.netNTEE Category
Code: L200 - Housing
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