Corporacion Para El Desarrollo Del Oeste Inc

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

EIN: 660416567 ✦ Mayaguez, PR ✦ Designated as a 501(c)(4)

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Overview

What is Corporacion Para El Desarrollo Del Oeste Inc?

Corporacion Para El Desarrollo Del Oeste Inc is a nonprofit organization situated in Mayaguez, Puerto Rico. Their primary focus is to enhance the quality of life for residents residing in the southern and northern regions of the island. To achieve this, they actively promote and drive economic development in these areas. The organization employs a small team of two individuals, dedicated to their mission. Although specific details about their programs or initiatives are not provided, it can be inferred that they work towards uplifting their community economically.

Is Corporacion Para El Desarrollo Del Oeste Inc legitimate?

Corporacion Para El Desarrollo Del Oeste Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Corporacion Para El Desarrollo Del Oeste 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: $87,362
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,680

For more financial information, click here

What is the mission statement of Corporacion Para El Desarrollo Del Oeste Inc?

Corporacion Para El Desarrollo Del Oeste Inc is committed to fostering economic growth in both the southern and northern regions of Puerto Rico. Their mission is centered around enhancing the overall living standards of the residents in these areas. By promoting and advancing economic development, they aim to significantly improve the quality of life in these regions. Their activities are geared towards uplifting the socio-economic conditions, ultimately contributing to a better future for the people living there.

Who is the CEO of Corporacion Para El Desarrollo Del Oeste Inc?

Angel L Alers Velez is the Director Ejecutivo of Corporacion Para El Desarrollo Del Oeste Inc.

What is the revenue of Corporacion Para El Desarrollo Del Oeste Inc?

Corporacion Para El Desarrollo Del Oeste Inc's revenue in 2022 was $632,594.

Who are the executives of Corporacion Para El Desarrollo Del Oeste Inc and what are their salaries?

The average compensation at Corporacion Para El Desarrollo Del Oeste Inc during 2022 was $46,021. There are 2 employees at Corporacion Para El Desarrollo Del Oeste Inc.


Here are 2 key members and their salaries:


Angel L Alers Veles (Director Ejecutivo)
  • Compensation: $87,362
  • Related: $0
  • Other: $0
Maria Del C Rodriguez (Asistente Administrativo)
  • Compensation: $4,680
  • Related: $0
  • Other: $0
Where can I find the form 990 for Corporacion Para El Desarrollo Del Oeste Inc?

Corporacion Para El Desarrollo Del Oeste Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Corporacion Para El Desarrollo Del Oeste Inc

Corporacion Para El Desarrollo Del Oeste Inc, in its mission, is dedicated to enhancing the livelihoods of the residents in the southern and northern regions of Puerto Rico. This nonprofit organization strives to foster and progress economic development within these areas, ultimately aiming to improve the overall quality of life for those residing there. By promoting and advancing economic growth, Corporacion Para El Desarrollo Del Oeste Inc seeks to make a significant impact on the communities it serves, ensuring a better future for generations to come.

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Impact




October, 2024

Corporacion Para El Desarrollo Del Oeste Inc significantly impacts the communities of southern and northern Puerto Rico by actively promoting and advancing economic development. Through various initiatives, the organization strives to enhance the quality of life for residents in these areas. By focusing on housing and other economic improvement strategies, it fosters sustainable growth, empowers local communities, and creates opportunities for individuals and families. This commitment not only addresses immediate needs but also lays the groundwork for long-term prosperity, contributing to a brighter future for the regions it serves.




This information is meant to be a general summary of Corporacion Para El Desarrollo Del Oeste 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
$632,594 (2022)
Expenses
$679,228 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,147
  • Gross Receipts: $632,594

Assets and Liabilities:

  • Total Assets: $4,688,807
  • Total Liabilities: $136,220
  • Net Assets: $4,552,587

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Organization Details

Founding Year

1978

Principal Officer

Angel L Alers Velez

Main Address

PO Box 837, Mayaguez, PR, 00681

NTEE Category

Code: L25 - Housing

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