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Corporacion Desarrollo Economico De Salud Y Vivienda

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

EIN: 660653561 ✦ Arecibo, PR ✦ Designated as a 501(c)(3)

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Overview

What is Corporacion Desarrollo Economico De Salud Y Vivienda?

Corporacion Desarrollo Economico De Salud Y Vivienda, or CODEVyS, is a nonprofit organization based in Arecibo, Puerto Rico. Their primary focus is on economic development, offering housing counseling services to help individuals purchase their first homes and navigate mortgage and credit challenges. This program is delivered in a professional and high-quality manner, free of charge, with the goal of enabling citizens to preserve their homes. CODEVyS also provides services for elderly shelter and economic entrepreneur development, furthering their mission to contribute to the overall well-being of their community. With a team of 37 dedicated employees, CODEVyS is committed to making a positive impact in the lives of those they serve.


Official website here: www.codevys.com

Is Corporacion Desarrollo Economico De Salud Y Vivienda legitimate?

Corporacion Desarrollo Economico De Salud Y Vivienda is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corporacion Desarrollo Economico De Salud Y Vivienda 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: $768,239

For more financial information, click here


Official website here: www.codevys.com

What is the mission statement of Corporacion Desarrollo Economico De Salud Y Vivienda?

Corporacion Desarrollo Economico De Salud Y Vivienda, often referred to as CODEVyS, is an organization dedicated to providing service activities that contribute to economic development, specifically in the areas of housing, elderly care, and entrepreneurship. Their mission encompasses offering housing counseling services to first-time homebuyers and those facing mortgage and credit issues, with the aim of improving their financial situation and ensuring the preservation of their homes. CODEVyS also provides shelter for the elderly and supports economic entrepreneurship development. Their services are delivered in a professional and high-quality manner, free of charge, to ensure that individuals can maintain a stable and improved quality of life.


Official website here: www.codevys.com

Who is the CEO of Corporacion Desarrollo Economico De Salud Y Vivienda?

Nilsa Lopez Rivera is the Ceo of Corporacion Desarrollo Economico De Salud Y Vivienda. The CEO's salary of Corporacion Desarrollo Economico De Salud Y Vivienda is $96,000 and their total compensation is $96,000.


Official website here: www.codevys.com

What is the revenue of Corporacion Desarrollo Economico De Salud Y Vivienda?

Corporacion Desarrollo Economico De Salud Y Vivienda's revenue in 2023 was $1,523,977.


Official website here: www.codevys.com

Who are the executives of Corporacion Desarrollo Economico De Salud Y Vivienda and what are their salaries?

The average compensation at Corporacion Desarrollo Economico De Salud Y Vivienda during 2023 was $20,763. There are 37 employees and 10 volunteers at Corporacion Desarrollo Economico De Salud Y Vivienda.


Here are 6 key members and their salaries (Corporacion Desarrollo Economico De Salud Y Vivienda's CEO's salary is $96,000 and their total compensation is $96,000):


Nilsa Lopez Rivera (Ceo)
  • Compensation: $96,000
  • Related: $0
  • Other: $0
Brunilda Soto (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Efren Torres (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pedro Rosa Roman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ana Valentin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carmen Velez (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.codevys.com

Where can I find the form 990 for Corporacion Desarrollo Economico De Salud Y Vivienda?

Corporacion Desarrollo Economico De Salud Y Vivienda's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.codevys.com

Learn more at the official website: www.codevys.com

Mission Statement of Corporacion Desarrollo Economico De Salud Y Vivienda

Corporación Desarrollo Económico de Salud y Vivienda, often referred to as CODEVyS, is dedicated to providing service activities that promote economic development in the areas of housing, housing counseling, elder care, and entrepreneurship. At its core, CODEVyS aims to offer housing counseling as a means to enhance the quality of life for citizens, particularly first-time homebuyers and individuals facing challenges with mortgages and credit reports. The organization delivers this counseling in a professional and high-quality manner, ensuring that people can preserve their homes without incurring additional financial burdens. CODEVyS's housing counseling program is offered completely free of charge and is designed to provide individuals with the necessary guidance to manage their housing and credit situations effectively.

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Impact




October, 2024

Corporacion Desarrollo Economico De Salud Y Vivienda (CODEVyS) significantly impacts the community by providing essential services that promote economic growth and stability, particularly in housing. Through its housing counseling program, CODEVyS offers first-time homebuyer assistance, addressing the challenges faced by individuals struggling with mortgages and credit issues. This program helps citizens achieve homeownership and enhances their quality of life by ensuring they have access to professional and high-quality counseling services at no cost.

Additionally, CODEVyS contributes to the economic development of Arecibo, Puerto Rico by supporting elderly shelters and fostering economic entrepreneurship. By addressing the housing needs of vulnerable populations and promoting economic opportunities, CODEVyS plays a crucial role in enhancing community resilience and improving the overall well-being of its residents. Its multifaceted approach not only stabilizes individuals and families but also uplifts the entire community through sustainable development initiatives.




This information is meant to be a general summary of Corporacion Desarrollo Economico De Salud Y Vivienda. 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
$1,523,977 (2023)
Expenses
$1,414,064 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $1,523,977

Assets and Liabilities:

  • Total Assets: $790,401
  • Total Liabilities: $142,207
  • Net Assets: $648,194

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Organization Details

Founding Year

2004

Principal Officer

Nilsa Lopez Rivera

Main Address

PO BOX 1800, ARECIBO, PR, 006131800

NTEE Category

Code: L20 - Housing

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