Overview
What is Preservation Park Center Inc?
Preservation Park Center Inc, established in 2004 as a California nonprofit, is dedicated to combating community deterioration and aiding the underprivileged. They accomplish this by owning and operating commercial office space in a low-income community, primarily renting to nonprofit organizations. In addition, the center leases common areas for gatherings, not only for its tenants but also for the surrounding community. Situated in Oakland, California, Preservation Park Center Inc resides in a unique collection of Victorian buildings, three of which are allocated for community use for events and meetings.
Official website here: www.preservationpark.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Preservation Park Center Inc has received a low rating of 58% from Charity Navigator, reflecting concerns about its accountability and financial practices. The organization lacks independent board members, which is a significant factor in the overall score. While it has performed well on some financial oversight metrics, such as having no material diversion of assets and a high program expense ratio, the absence of independent governance raises questions about its leadership and transparency.
On the positive side, the charity has established a conflict of interest policy and regularly documents board meeting minutes, indicating some commitment to governance practices. However, major gaps remain, including the lack of a whistleblower policy and document retention protocols. Additionally, the absence of the charity's tax form on its website limits transparency for potential donors and stakeholders.
Overall, while Preservation Park Center Inc demonstrates strong programmatic spending, the lack of independent oversight and several missing governance policies highlight areas needing significant improvement. Addressing these issues could enhance the organization's accountability and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Preservation Park Center Inc legitimate?
Preservation Park Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preservation Park Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $287,185
For more financial information, click here
Official website here: www.preservationpark.com
What is the mission statement of Preservation Park Center Inc?
Preservation Park Center Inc, established as a nonprofit organization, was formed with the intention to combat community deterioration and aid the underprivileged. They achieve this by acquiring and operating commercial office space mainly for nonprofit organizations in a low-income community. This action not only helps these organizations to thrive but also contributes to the revitalization of the community. Additionally, the center leases common areas for gatherings, providing a communal space for both its tenants and the surrounding community. The organization's purpose is rooted in the belief that providing a suitable workspace for nonprofits can significantly enhance their impact and contribute to the betterment of the community at large.
Official website here: www.preservationpark.com
Who is the CEO of Preservation Park Center Inc?
Lina Sheth is the President of Preservation Park Center Inc.
Official website here: www.preservationpark.com
What is the revenue of Preservation Park Center Inc?
Preservation Park Center Inc's revenue in 2022 was $1,326,135.
Official website here: www.preservationpark.com
Who are the executives of Preservation Park Center Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $53,747
- Other: $6,575
Official website here: www.preservationpark.com
Where can I find the form 990 for Preservation Park Center Inc?
Preservation Park Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preservationpark.com
Learn more at the official website: www.preservationpark.com
Mission Statement of Preservation Park Center Inc
Preservation Park Center, Inc. (PPC) was established as a nonprofit public benefit corporation in July 2004 with a mission to combat community deterioration and aid the less fortunate. The organization achieves this by owning and operating commercial office space primarily for nonprofit organizations in a low-income community. PPC's purpose is twofold: firstly, to combat community decay, and secondly, to provide relief to the disadvantaged by offering affordable workspace to predominantly nonprofit entities. The organization's property, a unique collection of sixteen Victorian buildings, includes three structures dedicated to community use for meetings and events. By leasing common areas and providing affordable commercial space, Preservation Park Center, Inc. contributes to the growth and sustainability of various nonprofit organizations, thereby positively impacting the community as a whole.
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Impact
July, 2024
Preservation Park Center Inc's impact lies in its mission to combat community deterioration and provide relief to the poor or underprivileged by owning and operating commercial office space in a low-income community for rent to predominantly Preservation Park Center Inc organizations. The organization plays a vital role in offering affordable space to non-profit organizations, thereby supporting their work in serving the community. Additionally, by leasing common areas as gathering spaces to its tenants and members of the surrounding community, Preservation Park Center Inc fosters a sense of community and provides a hub for collaboration and engagement. This initiative not only helps in revitalizing the low-income area but also contributes to the overall improvement of the community.
This information is meant to be a general summary of Preservation Park Center 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $20
- Program Service Revenue: $1,233,612
- Gross Receipts: $1,326,135
Assets and Liabilities:
- Total Assets: $6,212,657
- Total Liabilities: $6,898,279
- Net Assets: -$685,622
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,233,612
Organization Details
Founding Year
2004
Phone
(510) 287-5353Principal Officer
Lina Sheth
Main Address
1825 SAN PABLO AVE 200, OAKLAND, CA, 94612
Website
www.preservationpark.comNTEE Category
Code: S20 - Community improvement
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