Overview
What is Poverty Solutions Inc Ced Capital Alpharidge Capital?
Poverty Solutions Inc, operating under the names CED Capital and Alpharidge Capital, is a nonprofit organization based in Torrance, California. With a workforce of six individuals, their mission is to empower low-income individuals to escape poverty permanently. They achieve this through financial capability training and entrepreneurship development, serving a significant number of 18,475 individuals in need during the year 2022. Beyond their educational initiatives, Poverty Solutions also invests in real estate by rehabilitating dilapidated homes in distressed neighborhoods across Los Angeles County. These renovated properties are then sold to first-time homebuyers from low-income families, providing them with stable housing solutions.
Official website here: www.povsol.com
Is Poverty Solutions Inc Ced Capital Alpharidge Capital legitimate?
Poverty Solutions Inc Ced Capital Alpharidge Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Poverty Solutions Inc Ced Capital Alpharidge Capital 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: $126,835
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.povsol.com
What is the mission statement of Poverty Solutions Inc Ced Capital Alpharidge Capital?
Poverty Solutions Inc, in collaboration with Ced Capital and Alpharidge Capital, is committed to designing and implementing programs that empower low-income individuals to permanently break free from poverty. They achieve this by providing financial capability training and entrepreneurship development. In the year ending December 31, 2022, they successfully served 18,475 low-income individuals in need of financial education. Furthermore, the organization has taken practical steps to contribute to this mission, as demonstrated by their renovation and redistribution of three dilapidated houses to low-income families, enabling them to purchase their first homes.
Official website here: www.povsol.com
Who is the CEO of Poverty Solutions Inc Ced Capital Alpharidge Capital?
Frank I Igwealor is the CEO of Poverty Solutions Inc Ced Capital Alpharidge Capital The CEO's salary of Poverty Solutions Inc Ced Capital Alpharidge Capital is $0 and their total compensation is $0.
Official website here: www.povsol.com
What is the revenue of Poverty Solutions Inc Ced Capital Alpharidge Capital?
Poverty Solutions Inc Ced Capital Alpharidge Capital's revenue in 2023 was $3,825,665.
Official website here: www.povsol.com
Who are the executives of Poverty Solutions Inc Ced Capital Alpharidge Capital and what are their salaries?
The average compensation at Poverty Solutions Inc Ced Capital Alpharidge Capital during 2023 was $49,592. There 45 volunteers at Poverty Solutions Inc Ced Capital Alpharidge Capital.
Here are 3 key members and their salaries (Poverty Solutions Inc Ced Capital Alpharidge Capital's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.povsol.com
Where can I find the form 990 for Poverty Solutions Inc Ced Capital Alpharidge Capital?
Poverty Solutions Inc Ced Capital Alpharidge Capital's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.povsol.com
Learn more at the official website: www.povsol.com
Mission Statement of Poverty Solutions Inc Ced Capital Alpharidge Capital
Poverty Solutions Inc, comprising Ced Capital and Alpharidge Capital, is dedicated to a mission that empowers individuals from low-income backgrounds to break free from the cycle of poverty permanently. They achieve this mission through the design and implementation of programs focused on financial capability training and entrepreneurship development. In the year concluding on December 31, 2022, this nonprofit organization successfully served 18,475 low-income individuals who sought assistance in enhancing their financial literacy and entrepreneurial skills.
To further support its mission, Poverty Solutions Inc also took a hands-on approach by rehabilitating three dilapidated houses in distressed neighborhoods across Los Angeles County. Once restored, these houses were then sold to first-time homebuyers from low-income families, contributing to their financial stability and providing them with a place to call their own. Through these initiatives, Poverty Solutions Inc helps its clients build a solid financial foundation, thereby enabling them to escape poverty and lead more prosperous lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Poverty Solutions Inc Ced Capital Alpharidge Capital has made significant strides in empowering low-income individuals and families to break the cycle of poverty. By designing and implementing programs that focus on enhancing financial capabilities, the organization has successfully educated over 18,000 individuals in essential financial skills and entrepreneurship development over the past year.
One of the most impactful initiatives involved acquiring and rehabilitating three dilapidated houses in distressed neighborhoods across Los Angeles County. These homes were then redeployed to low-income families, allowing them to purchase their first homes. This program not only provides stable housing but also fosters a sense of community, pride, and ownership among the families served.
The focus on community improvement through housing and financial education creates a multiplier effect, equipping individuals with tools and knowledge to achieve sustainable economic independence. As a result, Poverty Solutions Inc is making a lasting impact on the lives of many low-income residents, enabling them to escape poverty and build a better future for themselves and their families.
This information is meant to be a general summary of Poverty Solutions Inc Ced Capital Alpharidge Capital. 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 2023.
- Program Service Revenue: $301,500
- Gross Receipts: $3,825,665
Assets and Liabilities:
- Total Assets: $5,234,004
- Total Liabilities: $160,824
- Net Assets: $5,073,180
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Small Business Lending
Revenue
$301,500
Organization Details
Founding Year
2008
Principal Officer
Frank I Igwealor
Website
www.povsol.comNTEE Category
Code: S40 - Community improvement
If you are a representative of Poverty Solutions Inc Ced Capital Alpharidge Capital and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.