Overview
What is Pv Community Development Corporation?
Pv Community Development Corporation is a nonprofit organization situated in El Paso, Texas, with a specific focus on providing housing and economic development services to low and moderate-income families. This is accomplished through the construction of low-rent apartments. The corporation also invests in acquiring and developing affordable housing for these families, as well as facilities for Project Vida and Project Vida Health Center, two affiliated entities. Furthermore, they offer microenterprise technical assistance in collaboration with Project Vida, aiming to support local businesses and strengthen the community.
Official website here: www.pvida.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Pv Community Development Corporation has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scored 84% overall, with its ranking primarily based on its strong accountability and finance practices, reflecting good governance and transparency.
The organization demonstrates significant strengths, including a fully independent board, robust financial oversight, and comprehensive policies against conflicts of interest and asset diversion. With a high program expense ratio of 93.69%, it indicates that the majority of its funds are directed towards its programs, enhancing its impact in the community.
However, there are areas for improvement, particularly in the liabilities to assets ratio, which stands at 66.02%. While this score is not detrimental, it suggests the organization could benefit from focusing on improving its financial stability. Overall, Pv Community Development Corporation appears to be a responsible nonprofit making effective use of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Pv Community Development Corporation legitimate?
Pv Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pv Community Development Corporation 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: $89,213
For more financial information, click here
Official website here: www.pvida.net
What is the mission statement of Pv Community Development Corporation?
The Pv Community Development Corporation's mission is centered around providing affordable housing and economic development services. Specifically, the organization aims to acquire and develop suitable living spaces for low and moderate-income families. Additionally, they are involved in the acquisition and development of facilities for Project Vida and Project Vida Health Center, which are affiliated entities. Furthermore, the corporation sponsors microenterprise technical assistance in collaboration with Project Vida. This multifaceted mission aims to support the economic growth and housing needs of families in need.
Official website here: www.pvida.net
Who is the CEO of Pv Community Development Corporation?
Mr Bill Schlesinger is the Chair of Pv Community Development Corporation.
Official website here: www.pvida.net
What is the revenue of Pv Community Development Corporation?
Pv Community Development Corporation's revenue in 2022 was $2,086,223.
Official website here: www.pvida.net
Who are the executives of Pv Community Development Corporation and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $50,039
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- Related: $21,565
- Other: $0
Official website here: www.pvida.net
Where can I find the form 990 for Pv Community Development Corporation?
Pv Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pvida.net
Learn more at the official website: www.pvida.net
Mission Statement of Pv Community Development Corporation
Pv Community Development Corporation, a notable organization, is dedicated to fulfilling several key missions. Primarily, it aims to acquire and develop affordable housing units for families falling under the low and moderate income brackets. This commitment extends beyond just providing living spaces; it also involves the procurement and development of facilities for Project Vida, an affiliate entity, and Project Vida Health Center.
In addition to its housing initiatives, Pv Community Development Corporation also supports microenterprise technical assistance in collaboration with Project Vida. This aspect of its mission seeks to empower individuals and families within its community by providing necessary resources and guidance to help them establish and grow small businesses. This holistic approach to community development not only addresses the housing needs of its constituents but also fosters economic growth and self-sufficiency.
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Impact
July, 2024
Pv Community Development Corporation's impact lies in its commitment to acquiring and developing affordable housing for low and moderate-income families. Through the construction of low-rent apartments, the organization provides housing and economic development services to support these families in El Paso, TX. Additionally, Pv Community Development Corporation works to acquire and develop program facilities for Project Vida and Project Vida Health Center, its affiliates, and sponsors microenterprise technical assistance in coordination with Project Vida. By focusing on affordable housing and economic development, Pv Community Development Corporation plays a vital role in improving the lives of low and moderate-income families in the community.
This information is meant to be a general summary of Pv Community Development Corporation. 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.
- Program Service Revenue: $1,537,175
- Gross Receipts: $2,086,223
Assets and Liabilities:
- Total Assets: $18,036,157
- Total Liabilities: $12,208,380
- Net Assets: $5,827,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,455,393
DEVELOPMENT FEES
Revenue
$80,220
LATE FEES
Revenue
$1,562
Organization Details
Founding Year
1991
Phone
(915) 465-1191Principal Officer
Mr Bill Schlesinger
Main Address
3607 RIVERA, EL PASO, TX, 79905
Website
www.pvida.netNTEE Category
Code: L20Z - Housing
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