Overview
What is Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta?
Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta, often referred to as CDETA, is a nonprofit organization situated in Trujillo Alto, Puerto Rico. With a small team of four employees, their primary mission is to promote and create employment opportunities. They achieve this goal by providing loans to corporations, individuals, and other legally organized entities. Additionally, CDETA is dedicated to the development and rehabilitation of housing projects and fostering the economic and social growth of Trujillo Alto and other Municipalities in Puerto Rico. Their activities focus on enhancing the local economy and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 46% (Zero-Star out of Four Star rating)
The Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta has received a low overall rating of 46%, indicating significant issues in its accountability and financial practices. While the organization benefits from a fully independent board and maintains a solid audit and oversight committee, it has notable weaknesses, particularly in areas related to transparency and financial management.
One of the primary concerns is the absence of critical policies such as a whistleblower policy and document retention and destruction procedures, both of which are crucial for ensuring integrity and accountability within the organization. Furthermore, the charity has reported a 0.00% program expense ratio, raising concerns about its effectiveness in utilizing funds for its intended charitable purposes.
While the organization has demonstrated strengths in board independence and oversight functions, the overall lack of financial transparency and programmatic effectiveness underscores the need for improvement. Stakeholders and potential donors should consider these factors when evaluating the charity's operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta legitimate?
Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta 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: $46,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,455
For more financial information, click here
What is the mission statement of Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta?
The mission of Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta is focused on fostering the development and renovation of housing projects, as well as promoting economic and social growth within the Municipality of Trujillo Alto. This organization extends its efforts to support the development of other Municipalities in Puerto Rico as well. The corporation aims to create employment opportunities and provides loans to corporations, individuals, and legally organized entities to further drive economic growth.
Who is the CEO of Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta?
Nilda Diaz is the President of Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta.
What is the revenue of Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta?
Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta's revenue in 2022 was $157,486.
Who are the executives of Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta and what are their salaries?
The average compensation at Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta during 2022 was $22,564. There are 4 employees at Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta?
Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta
Corporación Para El Desarrollo Económico De Trujillo Alto, in its mission, focuses on fostering the development and renovation of housing projects, as well as the economic and social advancement of various municipalities in Puerto Rico. By promoting and creating employment opportunities, this organization extends financial assistance to corporations, individuals, and other legally organized entities through the provision of loans. This mission aims to contribute to the overall improvement and prosperity of the communities it serves.
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Impact
October, 2024
Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta significantly impacts the Municipality of Trujillo Alto by focusing on the development and rehabilitation of housing projects. Their efforts enhance living conditions and foster economic growth within the community. By promoting social development, they create job opportunities that empower residents and contribute to a more stable economy.
The organization provides loans to corporations, individuals, and legally organized entities, facilitating access to financial resources that can be critical for urban renewal and development initiatives. This financial support aids in stimulating local businesses and encouraging community investment.
Through targeted projects aimed at improving housing, the organization not only addresses immediate shelter needs but also promotes long-term economic sustainability. Their initiatives are pivotal in creating a vibrant community that thrives through enhanced infrastructure, economic activity, and the nurturing of local talent.
This information is meant to be a general summary of Corporacion Para El Desarrollo Economico De Trujillo Al Cdeta. 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: $1,176
- Gross Receipts: $157,486
Assets and Liabilities:
- Total Assets: $3,370,858
- Total Liabilities: $483,482
- Net Assets: $2,887,376
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Organization Details
Founding Year
1986
Principal Officer
Nilda Diaz
Main Address
PO Box 1685, Trujillo Alto, PR, 009771685
NTEE Category
Code: L22 - Housing
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