Overview
What is Sacramento Co Public Facilities Financin?
Sacramento Co Public Facilities Financin is a nonprofit organization that offers financial assistance to the County of Sacramento, California. Their primary mission is to finance the acquisition, construction, improvement, and remodeling of public buildings, facilities, and equipment. They have initiated several projects, including the construction of a new juvenile courthouse and refinancing various outstanding principal amounts for the county's earlier projects to fund reserves and cover financing costs. The organization contributes significantly to improving public infrastructure in the county.
Is Sacramento Co Public Facilities Financin legitimate?
Sacramento Co Public Facilities Financin is a legitimate nonprofit organization registered as a 501(c)(4) entity. Sacramento Co Public Facilities Financin 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:
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What is the mission statement of Sacramento Co Public Facilities Financin?
The organization, known as Sacramento Co Public Facilities Financin, serves a primary purpose of providing financial assistance to facilitate the acquisition, construction, improvement, and remodeling of public buildings, facilities, and equipment. One of its notable projects includes financing the construction of a new juvenile courthouse, consisting of six courtrooms, support services areas, and administrative support services areas. Additionally, the organization has engaged in refunding and retiring outstanding principal amounts of various bonds to fund reserve funds and cover financing costs. Overall, its mission is to aid in the financial aspects of improving and expanding public facilities in the county.
Who is the CEO of Sacramento Co Public Facilities Financin?
Rich Desmond is the President of Sacramento Co Public Facilities Financin.
What is the revenue of Sacramento Co Public Facilities Financin?
Sacramento Co Public Facilities Financin's revenue in 2023 was $6,179,302.
Who are the executives of Sacramento Co Public Facilities Financin and what are their salaries?
There 7 volunteers at Sacramento Co Public Facilities Financin.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Sacramento Co Public Facilities Financin?
Sacramento Co Public Facilities Financin's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sacramento Co Public Facilities Financin
Sacramento Co Public Facilities Financin is an organization with a primary mission to provide financial assistance to the County of Sacramento. This assistance is primarily focused on financing the acquisition, construction, improvement, and remodeling of public buildings, facilities, and equipment. The organization has played a significant role in various projects, including the financing of a new three-story juvenile courthouse, which includes six courtrooms, support services areas, and administrative support services areas. The project, located at the corner of Branch Center Road and Kiefer Boulevard, spans 99,456 square feet. Additionally, Sacramento Co Public Facilities Financin has been involved in refunding and retiring outstanding principal amounts of various Cop projects, funding reserve funds, and paying the cost of financing. The organization's role is crucial in aiding the County of Sacramento in the improvement and expansion of its public facilities, thereby serving the community effectively.
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Impact
October, 2024
Sacramento Co Public Facilities Financing plays a crucial role in enhancing the infrastructure and public services within Sacramento County. By providing financial assistance for the acquisition, construction, improvement, and remodeling of public buildings, facilities, and equipment, it facilitates projects that directly benefit the community.
One significant impact is the financing of the new juvenile courthouse, a three-story facility that includes six courtrooms and areas for support services. This not only improves the judicial process for young individuals but also enhances the local legal infrastructure, ensuring more efficient handling of juvenile cases.
Moreover, through various refunding certificates of participation (COPs) over the years, the organization has been able to manage existing debt more effectively. This refinancing strategy helps to lower overall financing costs and ensures better allocation of resources for future public projects. By continually improving public facilities, Sacramento Co Public Facilities Financing supports community development, enhances public safety, and improves access to vital services, thereby fostering a healthier and more engaged community.
This information is meant to be a general summary of Sacramento Co Public Facilities Financin. 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 2023.
- Investment Income: $328,632
- Gross Receipts: $6,179,302
Assets and Liabilities:
- Total Assets: $109,172,456
- Total Liabilities: $109,262,524
- Net Assets: -$90,068
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Organization Details
Founding Year
1984
Phone
(916) 874-5473Principal Officer
Rich Desmond
Main Address
700 H STREET 7650, SACRAMENTO, CA, 958141280
NTEE Category
Code: W20 - Public benefit
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