Overview
What is Centennial Parkside Cdc?
Centennial Parkside CDC is a nonprofit organization situated in Philadelphia, Pennsylvania. Their primary focus is to revitalize the East Parkside community by collaborating with businesses and institutions. They achieve this by implementing programs and partnerships that engage residents, foster opportunities, and cultivate a diverse and thriving community. Additionally, Centennial Parkside CDC acquires and renovates properties in the neighborhood to provide affordable housing and commercial spaces for residents. Moreover, they educate residents about real estate acquisition, development, and management, contributing to the community's overall growth and development. With a dedicated team of 12 employees, Centennial Parkside CDC is committed to enhancing the quality of life in East Parkside.
Official website here: www.centennialparkside.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Centennial Parkside CDC has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored a perfect 100% in all evaluated categories, which highlights its effective governance and transparency practices. This includes having a fully independent board and no material diversion of assets, both of which are crucial for maintaining stakeholder trust.
The nonprofit's financial management is also commendable, evidenced by a program expense ratio of 85.36%, meaning a significant portion of its expenses directly supports its programs. Additionally, its liabilities to assets ratio stands at a healthy 25.96%, indicating that the organization maintains a solid financial footing. These metrics suggest that Centennial Parkside CDC is well-positioned to utilize its resources effectively.
While the data reflects strong performance in governance and financial management, it does not provide insights into the organization's specific programs or community impact. Nonetheless, the overall rating suggests that donors can have confidence in the organization's operational integrity and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Centennial Parkside Cdc legitimate?
Centennial Parkside Cdc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centennial Parkside Cdc 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: $59,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $179,071
For more financial information, click here
Official website here: www.centennialparkside.org
What is the mission statement of Centennial Parkside Cdc?
The Centennial Parkside CDC's mission is centered around preserving, promoting, and revitalizing a community, in this case, East Parkside. They aim to achieve this by establishing partnerships with businesses and institutions, and implementing programs that engage residents, increase opportunities, and foster a diverse, thriving community. The organization's real estate division works on acquiring and renovating properties in the neighborhood to provide affordable housing and commercial space for residents. Additionally, they educate residents on real estate acquisition, development, and management.
Official website here: www.centennialparkside.org
Who is the CEO of Centennial Parkside Cdc?
Chris Spahr is the Executive Director of Centennial Parkside Cdc.
Official website here: www.centennialparkside.org
What is the revenue of Centennial Parkside Cdc?
Centennial Parkside Cdc's revenue in 2022 was $468,133.
Official website here: www.centennialparkside.org
Who are the executives of Centennial Parkside Cdc and what are their salaries?
The average compensation at Centennial Parkside Cdc during 2022 was $19,900. There are 12 employees and 30 volunteers at Centennial Parkside Cdc.
Here are 10 key members and their salaries:
- Compensation: $59,202
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- Other: $4,669
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- Other: $0
Official website here: www.centennialparkside.org
Where can I find the form 990 for Centennial Parkside Cdc?
Centennial Parkside Cdc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centennialparkside.org
Learn more at the official website: www.centennialparkside.org
Mission Statement of Centennial Parkside Cdc
Centennial Parkside CDC, a nonprofit organization, is committed to preserving, promoting, and revitalizing East Parkside. They achieve this mission by establishing partnerships with businesses and institutions, as well as implementing programs that engage residents, increase opportunities, and foster the growth of a diverse and thriving community. This nonprofit is proactive in acquiring and renovating properties in the neighborhood, providing affordable housing and commercial spaces for residents. Furthermore, Centennial Parkside CDC educates residents on real estate acquisition, development, and management, empowering them to contribute to the community's revitalization.
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Impact
July, 2024
Centennial Parkside CDC's impact can be seen in the transformation of East Parkside through strategic partnerships with businesses and institutions. By focusing on acquiring and renovating properties in the neighborhood, they provide affordable housing and commercial spaces for residents, fostering a diverse and thriving community. Additionally, their educational programs on real estate acquisition, development, and management empower residents to take control of their living environments and contribute to the growth of the community. Ultimately, Centennial Parkside CDC plays a vital role in the community improvement of East Parkside in Philadelphia, Pennsylvania.
This information is meant to be a general summary of Centennial Parkside Cdc. 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: $9,284
- Gross Receipts: $468,133
Assets and Liabilities:
- Total Assets: $1,054,159
- Total Liabilities: $273,764
- Net Assets: $780,395
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Organization Details
Founding Year
2015
Phone
(267) 225-8356Principal Officer
Chris Spahr
Main Address
PO BOX 28050, PHILADELPHIA, PA, 19131
Website
www.centennialparkside.orgNTEE Category
Code: S20 - Community improvement
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