Overview
What is Paladin Development?
Paladin Development is a nonprofit organization situated in Harrisburg, Pennsylvania. Their primary mission is the development and management of affordable housing in the city, encompassing low-income housing tax credit projects. In 2017, they increased their involvement in this mission, receiving funds from the Harrisburg Housing Authority for the First Mulberry Project, a venture involving the construction of three affordable housing buildings in the Allison Hill neighborhood. Paladin serves as a co-owner and non-profit partner in this project, with plans to manage the buildings once construction is complete after a pre-determined period.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Paladin Development has earned a Three-Star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. The organization received an impressive score of 83 in the Accountability & Finance category, which is the sole criterion for this overall rating. This suggests that Paladin Development maintains a strong focus on responsible financial practices.
The nonprofit demonstrates significant strengths in its governance, with a fully independent board comprising three members. It has not reported any material diversions of assets, indicating a solid stewardship of its resources. Additionally, the organization has successfully implemented most essential policies, such as conflict of interest and document retention policies, although it lacks a whistleblower policy, which is a noted limitation.
Financially, Paladin Development showcases a healthy balance sheet, with a liabilities-to-assets ratio of 23.28% and a remarkable program expense ratio of 100%. This indicates that the organization dedicates all of its resources towards its programs. However, the salaries of key personnel are relatively high, which may raise questions among some donors regarding executive compensation in relation to the nonprofit's overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Paladin Development legitimate?
Paladin Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paladin Development 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.none
What is the mission statement of Paladin Development?
Paladin Development is dedicated to the development and management of affordable housing projects. This includes Low Income Housing Tax Credit projects, as evident in their mission statement. In 2017, they increased their involvement in this mission by receiving reimbursed funds from the Harrisburg Housing Authority for a project currently underway, known as the First Mulberry Project. This project involves the development of three affordable housing buildings in Harrisburg, Pennsylvania. Paladin is a co-owner and non-profit partner in this endeavor, set to manage the buildings once construction is completed after a pre-determined period.
Official website here: www.none
Who is the CEO of Paladin Development?
Darren Burroughs is the Director of Paladin Development.
Official website here: www.none
What is the revenue of Paladin Development?
Paladin Development's revenue in 2022 was $0.
Official website here: www.none
Who are the executives of Paladin Development and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $175,695
- Other: $0
- Compensation: $0
- Related: $145,611
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Paladin Development
Paladin Development is dedicated to the development and management of affordable housing, specifically in Low Income Housing Tax Credit projects. In 2017, they significantly increased their involvement in this mission-oriented objective. Through a partnership with the Harrisburg Housing Authority, Paladin received reimbursed funds derived from the First Mulberry Project, currently underway. This project involves the development of three affordable housing buildings in the Allison Hill neighborhood of Harrisburg, Pennsylvania. Paladin serves as the co-owner and non-profit partner in this endeavor, and is set to manage these buildings once a pre-determined period has elapsed. Their commitment to affordable housing extends to providing affordable living spaces for those in need.
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Impact
October, 2024
Paladin Development plays a significant role in addressing the affordable housing crisis in Harrisburg, Pennsylvania. By focusing on the development and management of affordable housing, particularly through initiatives such as the First Mulberry Project, Paladin is actively transforming neighborhoods and enhancing the quality of life for residents.
The First Mulberry Project is particularly impactful as it involves the construction of three new affordable housing buildings in the Allison Hill neighborhood, an area that benefits greatly from such development. By co-owning and managing these projects, Paladin not only increases the availability of affordable housing but also ensures that these properties are well-maintained and supportive of the community's needs.
In 2017, Paladin strengthened its efforts in this mission, which was fueled by funding from the Harrisburg Housing Authority. This partnership highlights the collaborative approach taken to create sustainable housing solutions. As the organization continues to manage these developments, it contributes to the economic revitalization of the area, supporting both current residents and attracting new families seeking affordable living options.
Overall, Paladin Development's impact is marked by its commitment to fostering community growth through affordable housing, ultimately promoting stability and improved living conditions for those in need.
This information is meant to be a general summary of Paladin Development. 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.
Assets and Liabilities:
- Total Assets: $601,214
- Total Liabilities: $140,012
- Net Assets: $461,202
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Organization Details
Founding Year
2014
Phone
(717) 232-6781Principal Officer
Darren Burroughs
Main Address
351 CHESTNUT STREET, HARRISBURG, PA, 171012785
Website
www.noneNTEE Category
Code: L80 - Housing
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