Overview
What is 163-177 Pennsylvania Avenue Inc?
163-167 Pennsylvania Avenue Inc, situated in Paterson, New Jersey, is a nonprofit organization with a mission to stimulate economic growth and employment, particularly in the food production and related industries. Their primary objective is to offer a production kitchen and co-working space, serving as a platform for food entrepreneurs and start-up businesses of diverse ethnicities, income levels, and educational backgrounds. By fostering idea exchange and nurturing a food innovation program, the organization aims to create a revenue-generating vehicle and job opportunities within the community.
Is 163-177 Pennsylvania Avenue Inc legitimate?
163-177 Pennsylvania Avenue Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. 163-177 Pennsylvania Avenue Inc 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
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What is the mission statement of 163-177 Pennsylvania Avenue Inc?
163-177 Pennsylvania Avenue Inc's mission is centered around promoting economic development and employment, with a focus on food production and related industries. Their goal is to establish a production kitchen and co-working space, serving as a platform for food entrepreneurs and start-up businesses from diverse backgrounds. This initiative aims to foster idea exchange and develop a food innovation program. Additionally, the organization seeks to provide the community with a means to generate revenue and create job opportunities.
What is the revenue of 163-177 Pennsylvania Avenue Inc?
163-177 Pennsylvania Avenue Inc's revenue in 2024 was -$1,169,452.
Who are the executives of 163-177 Pennsylvania Avenue Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for 163-177 Pennsylvania Avenue Inc?
163-177 Pennsylvania Avenue Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of 163-177 Pennsylvania Avenue Inc
163-177 Pennsylvania Avenue Inc is committed to fostering economic growth and job creation, with a particular focus on the food production and related industries. Their primary objective is to establish a production kitchen and co-working space, serving as a platform for food entrepreneurs and start-up businesses. This space allows for the exchange of ideas and the development of a food innovation program. The organization caters to individuals of diverse ethnicities, income levels, and educational backgrounds, aiming to provide a collective space that contributes to generating revenue and creating job opportunities within the community. In essence, 163-177 Pennsylvania Avenue Inc serves as a catalyst for empowering food entrepreneurs and providing the community with a valuable resource for economic development.
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Impact
October, 2024
163-177 Pennsylvania Avenue Inc significantly impacts the local economy and community by fostering economic development and employment in food production and related industries. Through the establishment of a production kitchen and co-working space, it serves as a catalyst for food entrepreneurs and start-up businesses. This initiative encourages the exchange of ideas and the development of innovative food programs, making it accessible to individuals from diverse ethnic backgrounds, income levels, and educational experiences.
The facility is primarily dedicated to a food incubator project that supports emerging companies and entrepreneurs in the region. By providing a customized space tailored to their needs, it empowers these businesses to grow, thrive, and contribute to the local economy. This approach not only helps generate revenue for the community but also creates job opportunities, fostering a more inclusive environment where all members of the community can benefit from economic growth and innovation in the food industry.
This information is meant to be a general summary of 163-177 Pennsylvania Avenue Inc. 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 2024.
- Investment Income: $1
- Program Service Revenue: $59,060
- Gross Receipts: $1
Assets and Liabilities:
- Total Assets: $10,684,461
- Total Liabilities: $10,710,621
- Net Assets: -$26,160
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$59,060
Organization Details
Founding Year
2015
Principal Officer
Orlando Cruz
NTEE Category
Code: L50 - Housing
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