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Exito Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562514122 ✦ Phoenix, AZ ✦ Designated as a 501(c)(3)

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Overview

What is Exito Inc?

Exito Inc is a nonprofit organization primarily serving and benefiting the Hispanic community in Arizona. Their primary focus is on providing social services and promoting behavioral health and well-being. They accomplish this through various means, including real estate investments for housing and commercial rental programs, as well as a neighborhood stabilization program. Exito also supports service-based organizations dedicated to social services and behavioral health, contributing to community and economic development within the Hispanic community.

Is Exito Inc legitimate?

Exito Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Exito 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

For more financial information, click here

What is the mission statement of Exito Inc?

Exito Inc's mission is centered around serving and primarily benefiting the Hispanic community, focusing on Arizona. The corporation aims to accomplish this by engaging in real estate acquisitions, ownership, leasing, and management, all with the intent of providing housing and community development opportunities to service-oriented organizations. These organizations are dedicated to promoting social services and enhancing the behavioral health and well-being of families and individuals within the Hispanic community.

Who is the CEO of Exito Inc?

Paul Magallanez is the Chairman of Exito Inc.

What is the revenue of Exito Inc?

Exito Inc's revenue in 2022 was $140,845.

Who are the executives of Exito Inc and what are their salaries?

There 6 volunteers at Exito Inc.


Here are 7 key members and their salaries:


Randy Delgado Part Year (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicolas R Rodriguez (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Celaya (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Sheppard (President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Art Ruiz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Mesquita (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Magallanez Part Year (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Exito Inc?

Exito Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Exito Inc

Exito Inc, a nonprofit organization, is committed to serving and primarily benefiting the Hispanic community in various ways. Their primary mission is centered around real estate and investment ventures, with a focus on providing housing and community and economic development opportunities. This is done in collaboration with service-based organizations that are dedicated to promoting social services and the behavioral health and well-being of families and individuals within the Hispanic community. By acquiring, owning, leasing, and managing real estate, Exito Inc aims to create a supportive environment for these organizations to thrive and make a positive impact on the Hispanic community.

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Impact




October, 2024

Exito Inc plays a crucial role in enhancing the quality of life for families and individuals in the Hispanic community in Arizona, particularly in Phoenix. By providing social services and promoting behavioral health and well-being, Exito addresses the unique challenges faced by this community.

The organization actively engages in acquiring, managing, and leasing real estate to facilitate housing and commercial rental programs. This not only ensures that essential services are accessible to those who need them but also fosters economic stability within the community. Exito's neighborhood stabilization program further enhances its impact, as it works to revitalize areas and support families in maintaining stable and healthy living environments.

By focusing on these initiatives, Exito Inc significantly contributes to community development and the overall welfare of the Hispanic population in Arizona, providing vital resources and support to help individuals and families thrive.




This information is meant to be a general summary of Exito 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.

Revenue
$140,845 (2022)
Expenses
$1,636,852 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5
  • Program Service Revenue: $140,840
  • Gross Receipts: $140,845

Assets and Liabilities:

  • Total Assets: $1,472,441
  • Total Liabilities: $11,789
  • Net Assets: $1,460,652

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESIDENTIAL REAL ESTAT

Revenue

$75,016

COMMERCIAL REAL ESTATE

Revenue

$59,846

MANAGEMENT FEES

Revenue

$5,978

Organization Details

Founding Year

2005

Principal Officer

Paul Magallanez

Main Address

3877 N 7TH ST STE 400, PHOENIX, AZ, 85014

NTEE Category

Code: P20 - Human services

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