Overview
What is Pittsburgh Hispanic Development Corporation?
The Pittsburgh Hispanic Development Corporation is a nonprofit organization situated in Pittsburgh, Pennsylvania, specifically at 1555 Broadway Avenue 2nd Floor, 15216. Its primary mission is to foster the growth of Hispanic-owned businesses and increase the Hispanic workforce in the Pittsburgh metropolitan area. They accomplish this by offering discounted services to Hispanic entrepreneurs, aiming to help them expand their businesses. With a staff of four individuals, this organization actively works towards boosting the Hispanic business presence and workforce within their local community.
Official website here: www.phdcincubator.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
The Pittsburgh Hispanic Development Corporation has achieved a commendable Four-Star rating, reflecting its strong performance in accountability and finance. With an overall score of 92%, the organization emphasizes transparency and responsible financial management, highlighting its dedication to the communities it serves. The absence of any material diversion of assets and a perfect score in several key financial metrics, including a 94.67% program expense ratio, underscore its commitment to effective resource allocation.
Strengths of the organization include a fully independent board with eight members, ensuring unbiased governance. Furthermore, the presence of a comprehensive audit and oversight committee, along with proper documentation practices, contributes to its robust accountability framework. The organization has successfully implemented several policies, including a conflict of interest policy and document retention guidelines, which enhances its operational integrity.
However, there is a noted gap in one area: the absence of a whistleblower policy, which could be a potential area for improvement. Despite this limitation, the overall financial health indicated by a 0.00% liabilities to assets ratio suggests that the organization is in a strong position to continue its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Pittsburgh Hispanic Development Corporation?
Pittsburgh Hispanic Development Corporation has garnered attention for its mission of supporting Latinx entrepreneurs and fostering regional development. In the three reviews recorded, the organization is viewed positively and recommended for its impactful work.
Reviewers express appreciation for the nonprofit’s commitment to helping individuals start their businesses and actively contribute to the community. The sentiment reflects a strong belief in the organization's role in empowering the Latinx population and enhancing economic opportunities.
While there are currently no star ratings available, the overall impressions suggest that the Pittsburgh Hispanic Development Corporation is making a meaningful difference and is well-regarded among its supporters.
This AI summary has been generated from reviews found on Facebook.
Is Pittsburgh Hispanic Development Corporation legitimate?
Pittsburgh Hispanic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pittsburgh Hispanic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,653
For more financial information, click here
Official website here: www.phdcincubator.org
What is the mission statement of Pittsburgh Hispanic Development Corporation?
The Pittsburgh Hispanic Development Corporation's mission is centered around enhancing the visibility and workforce participation of Hispanic businesses within the Pittsburgh metropolitan area. Their primary objective is to promote the growth of these businesses, serving as a catalyst for their development. This is achieved through providing discounted services, tailored to the specific needs of Hispanic business owners, with the aim of helping them expand their enterprises effectively. Additionally, the corporation strives to boost the Hispanic workforce within the region, contributing to a more diverse and inclusive business environment.
Official website here: www.phdcincubator.org
Who is the CEO of Pittsburgh Hispanic Development Corporation?
Dr Oralia Dominic is the Executive Director of Pittsburgh Hispanic Development Corporation.
Official website here: www.phdcincubator.org
What is the revenue of Pittsburgh Hispanic Development Corporation?
Pittsburgh Hispanic Development Corporation's revenue in 2022 was $705,647.
Official website here: www.phdcincubator.org
Who are the executives of Pittsburgh Hispanic Development Corporation and what are their salaries?
The average compensation at Pittsburgh Hispanic Development Corporation during 2022 was $39,663. There are 4 employees and 14 volunteers at Pittsburgh Hispanic Development Corporation.
Here are 5 key members and their salaries:
- Compensation: $97,411
- Related: $0
- Other: $6,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.phdcincubator.org
Where can I find the form 990 for Pittsburgh Hispanic Development Corporation?
Pittsburgh Hispanic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.phdcincubator.org
Learn more at the official website: www.phdcincubator.org
Mission Statement of Pittsburgh Hispanic Development Corporation
The Pittsburgh Hispanic Development Corporation, as a nonprofit organization, is committed to increasing the presence of Hispanic businesses and workforce within the Pittsburgh metropolitan area. Its mission is centered around promoting the growth of Hispanic businesses by providing them with essential services at discounted rates. The corporation's activities are geared towards fostering a thriving Hispanic business community, thereby contributing to the economic diversity of the area.
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Impact
July, 2024
Pittsburgh Hispanic Development Corporation's impact is focused on increasing Hispanic business presence and workforce in the Pittsburgh metropolitan area. Their program incurs expenses to promote Hispanic business development and facilitate the growth of Hispanic businesses in the general area. Through offering discounted fees for specific services, they assist Hispanic business owners in expanding their businesses and contribute to the economic development of the region. Their mission revolves around enhancing the representation of Hispanic businesses and workers in the local community, ultimately aiming for a positive impact on the overall economic landscape.
This information is meant to be a general summary of Pittsburgh Hispanic 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: $4
- Program Service Revenue: $43,911
- Gross Receipts: $705,647
Assets and Liabilities:
- Total Assets: $830,603
- Total Liabilities: $0
- Net Assets: $830,603
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Incubator Services
Revenue
$43,911
Organization Details
Founding Year
2012
Phone
(412) 343-0545Principal Officer
Dr Oralia Dominic
Main Address
1555 Broadway Avenue 2nd Floor, Pittsburgh, PA, 15216
Website
www.phdcincubator.orgNTEE Category
Code: S20 - Community improvement
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