Overview
What is Historic Saint Paul Corporation?
Historic Saint Paul Corporation is a nonprofit organization based in St. Paul, Minnesota, specifically at 75 West 5th Street 400. Their primary focus is preserving and promoting the cultural heritage, character, and vitality of St. Paul neighborhoods, with a particular emphasis on under-resourced areas. Their activities are concentrated in three program areas: neighborhood preservation, cultural heritage advocacy. In 2022, their notable achievements included planning and securing funding for the redevelopment of 47 Douglas Street, a vacant city of St. Paul HRA property in the Little Bohemia neighborhood, which will be transformed into a low-moderate income owner-occupied property. Additionally, they collaborated with various partners on the rehabilitation of a National Register eligible property at 652 Sherburne into six units of deeply affordable housing with the goal of transitioning them to community ownership. Furthermore, they provided technical assistance and CDBG funding to support the redevelopment of a vacant commercial building into the new home of a locally owned and operated boxing club.
Official website here: www.historicsaintpaul.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
The Historic Saint Paul Corporation has received a solid rating of 82%, reflecting its commitment to accountability and financial management. This score is entirely derived from its performance in the Accountability & Finance category, where it showcases strengths such as having a fully independent board and a structured approach to governance policies, including a whistleblower policy and conflict of interest policy.
Strengths of the organization include a high percentage of program expenses, indicating that a significant portion of its resources is directed towards its mission. Additionally, the organization has demonstrated transparency by properly listing its website on tax forms and maintaining accurate meeting minutes. However, the organization could improve its liabilities to assets ratio, which currently stands at 67.73%, suggesting some financial risk that may need to be monitored.
Overall, while the Historic Saint Paul Corporation shows strong governance and accountability, addressing its financial ratios could strengthen its overall stability and impact. The organization appears dedicated to its mission while adhering to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Saint Paul Corporation legitimate?
Historic Saint Paul Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Saint Paul 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:
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Other Salaries and Wages: $42,760
For more financial information, click here
Official website here: www.historicsaintpaul.org
What is the mission statement of Historic Saint Paul Corporation?
Historic Saint Paul Corporation is a nonprofit organization dedicated to preserving and promoting the cultural heritage, character, and vitality of neighborhoods, with a particular focus on under-resourced areas. Their mission is to safeguard cultural heritage resources in these neighborhoods. The organization's activities are concentrated in three program areas: neighborhood preservation, cultural heritage advocacy, and various 2022 activities. In the neighborhood preservation sector, Historic Saint Paul Corporation works with communities to identify at-risk properties and redevelop them for contemporary uses. For instance, they have been actively working on the 47 Douglas Street property, a vacant City of Saint Paul HRA property in the Little Bohemia neighborhood, with the intention of rehabilitating it and selling it as a low-moderate income owner-occupied property.
Official website here: www.historicsaintpaul.org
Who is the CEO of Historic Saint Paul Corporation?
Carol Carey is the President of Historic Saint Paul Corporation.
Official website here: www.historicsaintpaul.org
What is the revenue of Historic Saint Paul Corporation?
Historic Saint Paul Corporation's revenue in 2022 was $105,792.
Official website here: www.historicsaintpaul.org
Who are the executives of Historic Saint Paul Corporation and what are their salaries?
The average compensation at Historic Saint Paul Corporation during 2022 was $42,760. There is 1 employee at Historic Saint Paul Corporation.
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Official website here: www.historicsaintpaul.org
Where can I find the form 990 for Historic Saint Paul Corporation?
Historic Saint Paul Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.historicsaintpaul.org
Learn more at the official website: www.historicsaintpaul.org
Mission Statement of Historic Saint Paul Corporation
Historic Saint Paul, a nonprofit organization, is dedicated to preserving and promoting the cultural heritage, character, and vitality of Saint Paul neighborhoods, with a particular focus on under-resourced areas. Their mission is centered around cultural heritage resources, and they actively engage in neighborhood preservation, cultural heritage advocacy, and various activities.
Historic Saint Paul's neighborhood preservation efforts involve working with communities to identify at-risk properties. These properties are then redeveloped for contemporary uses, ensuring the continuation of Saint Paul's rich cultural heritage. One notable project they are currently working on is 47 Douglas Street, a vacant City of Saint Paul HRA property in the Little Bohemia neighborhood. The goal is to rehabilitate and sell the property as a low-moderate income owner-occupied property, contributing to the revitalization of the neighborhood.
In addition to neighborhood preservation, Historic Saint Paul also takes on the role of cultural heritage advocacy. They advocate for the protection and promotion of cultural heritage resources in Saint Paul neighborhoods, working towards the betterment of these communities. Their activities in 2022 reflect their commitment to this mission, with ongoing planning and funding efforts for projects like 47 Douglas Street.
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Impact
October, 2024
Historic Saint Paul Corporation significantly influences the preservation and revitalization of Saint Paul neighborhoods, prioritizing cultural heritage resources in areas that are often overlooked. By focusing on three primary program areas—neighborhood preservation, cultural heritage advocacy, and community ownership models—Historic Saint Paul collaborates with local communities to identify at-risk properties and repurpose them for modern use.
In 2022, notable initiatives included the planning and funding efforts for the redevelopment of 47 Douglas Street, aiming to convert a vacant property into low-moderate income homeownership opportunities. The ongoing collaboration with the Frogtown Neighborhood Association and other partners on the "Preserve Frogtown" project seeks to transform a potentially historic site into six deeply affordable housing units, transitioning towards community ownership.
Additionally, Historic Saint Paul provided technical assistance and funding to support the redevelopment of a vacant commercial building into the Sir Boxing Club, bolstering local business development. These activities not only protect the architectural and cultural fabric of the city but also enhance community vitality, making Historic Saint Paul Corporation a key player in fostering sustainable and inclusive growth in Saint Paul neighborhoods.
This information is meant to be a general summary of Historic Saint Paul 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: $915
- Program Service Revenue: $9,787
- Gross Receipts: $116,006
Assets and Liabilities:
- Total Assets: $250,038
- Total Liabilities: $169,396
- Net Assets: $80,642
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES FEES
Revenue
$9,787
Organization Details
Founding Year
1998
Phone
(651) 222-3049Principal Officer
Carol Carey
Main Address
75 WEST 5TH STREET 400, ST PAUL, MN, 55102
Website
www.historicsaintpaul.orgNTEE Category
Code: A80 - Arts
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