Overview
What is St Louis Public Development Corporation I?
St. Louis Public Development Corporation I (PDC I) is a nonprofit organization based in Saint Louis, Missouri, specifically at 1627 Washington Avenue, 63103. Their primary mission is to revitalize and strengthen communities by providing housing development services, capacity-building, and financing for successful neighborhood renovations in collaboration with Rise Community Development, a 501(c)(3) organization. PDC I owns or participates in the ownership of over 300 affordable and mixed-income housing units and mixed-use real estate developments in underinvested communities within the St. Louis area. Furthermore, PDC I maintains a risk reserve to financially support the guarantees it makes on behalf of all Rise-affiliated real estate development projects, currently covering over $47 million in real estate investment-related contingent liabilities.
Official website here: www.risestl.org
Is St Louis Public Development Corporation I legitimate?
St Louis Public Development Corporation I is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Louis Public Development Corporation I 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
Official website here: www.risestl.org
What is the mission statement of St Louis Public Development Corporation I?
The St. Louis Public Development Corporation I, often referred to as PDC I, is committed to redeveloping and strengthening communities. It accomplishes this by providing housing development services, capacity-building, and financing for the successful revitalization of neighborhoods in cooperation with Rise Community Development, a 501(c)(3) organization. As an owner of affordable, mixed-income, and mixed-use developments, PDC I plays a significant role in revitalizing underinvested communities in the St. Louis metropolitan area. Additionally, it maintains a risk reserve to leverage the financial guarantees it makes on behalf of all Rise-affiliate real estate development projects. At present, PDC I guarantees over $47 million in real estate investment-related contingent liabilities.
Official website here: www.risestl.org
Who is the CEO of St Louis Public Development Corporation I?
Mark Stroker is the Vice President & Secretary of St Louis Public Development Corporation I.
Official website here: www.risestl.org
What is the revenue of St Louis Public Development Corporation I?
St Louis Public Development Corporation I's revenue in 2022 was $1,081,174.
Official website here: www.risestl.org
Who are the executives of St Louis Public Development Corporation I and what are their salaries?
There 1 volunteer at St Louis Public Development Corporation I.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $97,770
- Other: $31,572
- Compensation: $0
- Related: $127,958
- Other: $12,911
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $18,901
- Other: $1,727
- Compensation: $0
- Related: $33,328
- Other: $4,930
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.risestl.org
Where can I find the form 990 for St Louis Public Development Corporation I?
St Louis Public Development Corporation I's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.risestl.org
Learn more at the official website: www.risestl.org
Mission Statement of St Louis Public Development Corporation I
St. Louis Public Development Corporation I, often referred to as PDC I, is committed to redeveloping and strengthening communities in cooperation with Rise Community Development. This mission is carried out by providing housing development services, capacity-building, and financing for the successful revitalization of neighborhoods in the St. Louis metropolitan area. PDC I acts as the owner of affordable, mixed-income, and mixed-use developments, and also serves as a guarantor for all real estate development projects affiliated with Rise Community Development, a 501(c)(3) organization.
PDC I has a significant presence in the St. Louis area, with ownership or participation in over 300 residential units and mixed-use real estate developments in underinvested communities. The corporation maintains a risk reserve to leverage the financial guarantees it makes on behalf of all Rise-affiliate real estate development activity. Currently, PDC I guarantees over $47 million in real estate investment-related contingent liabilities, demonstrating its commitment to supporting the growth and development of its communities.
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Impact
October, 2024
St. Louis Public Development Corporation I plays a vital role in revitalizing underinvested communities within the St. Louis area. By owning and participating in various affordable, mixed-income, and mixed-use developments, it has helped create over 300 residential units, fostering community growth and improving living standards.
The organization actively collaborates with RISE Community Development to leverage financial guarantees and provide the necessary support for real estate development projects. This collaboration enhances community resilience and provides a framework for sustainable neighborhood revitalization.
Additionally, St. Louis Public Development Corporation I maintains a risk reserve that supports its financial commitments, guaranteeing over $47 million in investment-related contingencies. This financial strategy not only mitigates risks associated with real estate investments but also ensures that necessary funding is available for successful development projects.
Through its combined efforts in housing development services, capacity building, and financing strategies, the corporation significantly contributes to the long-term revitalization and strengthening of neighborhoods, enriching the broader St. Louis metropolitan area.
This information is meant to be a general summary of St Louis Public Development Corporation I. 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: $663
- Program Service Revenue: $1,041,411
- Gross Receipts: $1,081,174
Assets and Liabilities:
- Total Assets: $5,415,770
- Total Liabilities: $1,792,220
- Net Assets: $3,623,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEE
Revenue
$553,041
PROGRAM RENTS
Revenue
$488,370
Organization Details
Founding Year
1990
Phone
(314) 231-9400Principal Officer
Mark Stroker
Main Address
1627 WASHINGTON AVENUE, SAINT LOUIS, MO, 63103
Website
www.risestl.orgNTEE Category
Code: L20 - Housing
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