Overview
What is Corporacion Para El Desarollo De La Vivienda De Bayamon?
Corporacion Para El Desarollo De La Vivienda De Bayamon is a nonprofit organization situated in Bayamon, Puerto Rico. Its primary mission is to provide affordable and moderate housing for the local community. The organization manages three housing projects, with two constructed using federal funds channeled through the municipality of Bayamon. One of these projects also accommodates Section 8 tenants. Additionally, the nonprofit generates commercial rental income to maintain the residential units. Its overall purpose is to ensure that low and moderate income residents of Bayamon have access to decent housing.
Is Corporacion Para El Desarollo De La Vivienda De Bayamon legitimate?
Corporacion Para El Desarollo De La Vivienda De Bayamon is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corporacion Para El Desarollo De La Vivienda De Bayamon 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: $61,256
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,867
For more financial information, click here
What is the mission statement of Corporacion Para El Desarollo De La Vivienda De Bayamon?
The mission of Corporacion Para El Desarollo De La Vivienda De Bayamon is centered around providing affordable housing options for its residents. In simpler terms, this organization strives to make moderate and low-cost housing available to individuals in need. They accomplish this by managing several projects, some of which were constructed with federal funds and others that receive Section 8 tenant support. Additionally, the organization generates income from commercial rentals to maintain the residential units.
Who is the CEO of Corporacion Para El Desarollo De La Vivienda De Bayamon?
Eduardo Nevarez is the Executive Director of Corporacion Para El Desarollo De La Vivienda De Bayamon.
What is the revenue of Corporacion Para El Desarollo De La Vivienda De Bayamon?
Corporacion Para El Desarollo De La Vivienda De Bayamon's revenue in 2022 was $904,563.
Who are the executives of Corporacion Para El Desarollo De La Vivienda De Bayamon and what are their salaries?
The average compensation at Corporacion Para El Desarollo De La Vivienda De Bayamon during 2022 was $23,018. There are 7 employees and 11 volunteers at Corporacion Para El Desarollo De La Vivienda De Bayamon.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Corporacion Para El Desarollo De La Vivienda De Bayamon?
Corporacion Para El Desarollo De La Vivienda De Bayamon's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Corporacion Para El Desarollo De La Vivienda De Bayamon
Corporación Para el Desarrollo de la Vivienda de Bayamón, a nonprofit organization, is dedicated to providing affordable housing solutions for its residents. With a mission to serve, the corporation aims to offer moderate and low-cost housing options to the community, ensuring that everyone has access to a suitable living space. To achieve this goal, the organization operates several projects, two of which were funded through federal funds passed through the municipality of Bayamón. Additionally, one of their projects also accommodates Section 8 tenants. To maintain the residential units, the corporation generates commercial rental income. The organization's mission is a crucial contribution to the community, providing a vital solution to the need for affordable housing.
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Impact
October, 2024
Corporacion Para El Desarollo De La Vivienda De Bayamon significantly enhances the quality of life for Bayamon's residents by providing access to moderate and low-cost housing options. The organization operates multiple housing projects that cater specifically to individuals and families with limited financial resources, ensuring that affordable living spaces are available in the area.
By utilizing federal funds and overseeing projects that include Section 8 tenants, the corporation not only meets essential housing needs but also strengthens community stability. The rental income generated from commercial ventures supports the ongoing maintenance and sustainability of these residential units, further emphasizing a commitment to long-term housing solutions.
The impact extends beyond housing; it fosters community development and social cohesion, enabling residents to thrive in a supportive environment. As a result, Corporacion Para El Desarollo De La Vivienda De Bayamon plays a crucial role in alleviating housing insecurity and improving the overall living conditions in Bayamon, Puerto Rico.
This information is meant to be a general summary of Corporacion Para El Desarollo De La Vivienda De Bayamon. 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: $131
- Program Service Revenue: $20,518
- Gross Receipts: $904,563
Assets and Liabilities:
- Total Assets: $3,095,080
- Total Liabilities: $2,790,451
- Net Assets: $304,629
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Organization Details
Founding Year
1992
Phone
(787) 787-9005Principal Officer
Eduardo Nevarez
Main Address
PO BOX 6309, BAYAMON, PR, 00960
NTEE Category
Code: L20Z - Housing
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