Overview
What is Pacific Southwest Community Development Corporation?
Pacific Southwest Community Development Corporation is a nonprofit organization based in San Diego, California, with an address at 16935 WEST BERNARDO DRIVE 238. This charitable organization is primarily focused on constructing, providing, sponsoring, managing, rehabilitating, and preserving affordable housing. Their mission extends beyond housing, aiming to foster economic development. They serve more than 8000 families by offering comprehensive services beyond affordable housing, such as youth programs like computer enrichment and reading programs, English as a Second Language classes for adults, health, fitness, and transportation services for seniors, and various community programs like food distribution and crime prevention. With a team of 41 employees, Pacific Southwest Community Development Corporation is committed to enriching the lives of those in need.
Official website here: www.pswcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Pacific Southwest Community Development Corporation has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while it shows some commitment to accountability and financial transparency, there are significant areas needing improvement. The organization boasts a fully independent board and a strong program expense ratio of over 90%, which suggests that most funds are directed towards its programs. However, it falls short in providing essential financial statements and policies, such as the whistleblower and document retention policies, which are critical for transparency and trust.
User feedback from Great Nonprofits highlights a positive impact on the community, with reviews praising the organization's dedication to assisting those in need through various services like food banks, tutoring, and ESL classes. Clients and volunteers alike express satisfaction with the responsiveness and support provided by the organization, reflecting a strong commitment to the community they serve. This grassroots feedback underscores the value of their programs and the positive experiences of individuals benefiting from their services.
Despite the positive reviews, the lack of essential financial documentation and policies can raise concerns about the organization's overall operational integrity. Continued improvement in these areas could enhance both transparency and trust among stakeholders, ultimately aiding in the Pacific Southwest Community Development Corporation's mission to support the community effectively.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Pacific Southwest Community Development Corporation legitimate?
Pacific Southwest Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific Southwest Community 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: $345,662
Professional Fundraising Fees: $0
Other Salaries and Wages: $845,575
For more financial information, click here
Official website here: www.pswcdc.org
What is the mission statement of Pacific Southwest Community Development Corporation?
The Pacific Southwest Community Development Corporation, operating as a 501(c)(3) charitable organization, is dedicated to constructing, providing, sponsoring, managing, rehabilitating, and preserving affordable housing. Additionally, the corporation aims to foster economic development opportunities. The organization serves more than 8000 families by acting as a managing general partner for low and moderate income properties. Beyond housing, they offer comprehensive services that include youth programs such as computer enrichment and reading programs, adult services like English as a second language classes, senior services such as health, fitness, and transportation programs, and various other initiatives like food programs and crime prevention.
Official website here: www.pswcdc.org
Who is the CEO of Pacific Southwest Community Development Corporation?
Robert W Laing is the Chairman Of The Board of Pacific Southwest Community Development Corporation.
Official website here: www.pswcdc.org
What is the revenue of Pacific Southwest Community Development Corporation?
Pacific Southwest Community Development Corporation's revenue in 2022 was $4,258,260.
Official website here: www.pswcdc.org
Who are the executives of Pacific Southwest Community Development Corporation and what are their salaries?
The average compensation at Pacific Southwest Community Development Corporation during 2022 was $29,055. There are 41 employees and 61 volunteers at Pacific Southwest Community Development Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $260,233
- Related: $0
- Other: $10,118
- Compensation: $130,311
- Related: $0
- Other: $0
Official website here: www.pswcdc.org
Where can I find the form 990 for Pacific Southwest Community Development Corporation?
Pacific Southwest Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pswcdc.org
Learn more at the official website: www.pswcdc.org
Mission Statement of Pacific Southwest Community Development Corporation
Pacific Southwest Community Development Corporation, a 501(c)(3) charitable organization, is dedicated to constructing, providing, sponsoring, managing, rehabilitating, and preserving affordable housing. The corporation's mission extends beyond housing, aiming to create opportunities for economic development. By acting as a managing general partner for low and moderate income properties located in California, the organization provides comprehensive services to over 8000 families. These services go beyond housing, encompassing youth programs such as computer enrichment and reading programs, adult services like English as a Second Language classes, senior services including health, fitness, and transportation, and other initiatives such as food programs and crime prevention. The corporation generates income through carrying below market rate loans on its investments, which it then uses to serve its community.
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Impact
October, 2024
Pacific Southwest Community Development Corporation significantly enhances community well-being by focusing on affordable housing and economic development. It manages the construction, rehabilitation, and preservation of affordable housing for low and moderate-income families throughout California. By serving as a general partner for numerous properties, it provides vital housing solutions while also offering below-market rate loans that facilitate further investment in community resources.
Beyond housing, the organization positively impacts over 8,000 families by delivering comprehensive services. These include youth programs such as computer enrichment and reading initiatives, adult education like English as a Second Language, and senior services focusing on health, fitness, and transportation. Additionally, it supports various community needs, including food programs and crime prevention efforts, thereby fostering a safe and supportive environment for all residents.
Overall, the Pacific Southwest Community Development Corporation plays a critical role in building resilient communities, promoting economic opportunities, and improving the quality of life for vulnerable populations in San Diego and beyond.
This information is meant to be a general summary of Pacific Southwest Community 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: $649,764
- Program Service Revenue: $3,586,284
- Gross Receipts: $4,258,260
Assets and Liabilities:
- Total Assets: $55,343,513
- Total Liabilities: $11,911,736
- Net Assets: $43,431,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP FEES
Revenue
$2,555,555
PROGRAM INCOME
Revenue
$634,433
DEVELOPER FEES
Revenue
$396,296
Organization Details
Founding Year
1996
Phone
(858) 675-0506Principal Officer
Robert W Laing
Main Address
16935 WEST BERNARDO DRIVE 238, SAN DIEGO, CA, 92127
Website
www.pswcdc.orgNTEE Category
Code: L200 - Housing
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