Overview
What is Poco Way Hdc Inc?
Poco Way Hdc Inc is a nonprofit organization with a focus on providing affordable housing solutions for low-income individuals and families. Based in San Jose, California, they previously operated a 130-unit complex. In 2015, the project was transferred to an affiliate, Mccreery Avenue LP. The organization subsequently acquired land in Palo Alto, California, currently operating as Buena Vista Mobile Home Park. Poco Way Hdc Inc intends to preserve Buena Vista for up to 50 years as a mobile home park or equivalent. Major infrastructure improvements and renovations are planned for Buena Vista in the coming years, aligning with the organization's mission to facilitate the development of affordable housing.
Is Poco Way Hdc Inc legitimate?
Poco Way Hdc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Poco Way Hdc 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: $0
For more financial information, click here
What is the mission statement of Poco Way Hdc Inc?
Poco Way Hdc Inc's mission is centered around facilitating the development of affordable housing. The organization has a history of providing housing solutions for low-income individuals and families. As an example, they previously managed a 130-unit affordable housing complex in San Jose, California. In September 2017, they acquired land in Palo Alto, California, which is currently operating as Buena Vista Mobile Home Park. Poco Way Hdc Inc intends to preserve Buena Vista as an affordable housing option for at least 50 years, with major infrastructure improvements and renovations planned for the coming years.
What is the revenue of Poco Way Hdc Inc?
Poco Way Hdc Inc's revenue in 2023 was $1,236,524.
Who are the executives of Poco Way Hdc Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $415,956
- Other: $66,209
- Compensation: $0
- Related: $280,329
- Other: $16,541
- Compensation: $0
- Related: $262,017
- Other: $37,901
- Compensation: $0
- Related: $465,270
- Other: $27,877
Where can I find the form 990 for Poco Way Hdc Inc?
Poco Way Hdc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Poco Way Hdc Inc
Poco Way Hdc Inc, as a nonprofit organization, is dedicated to facilitating the development of affordable housing. Their mission is to provide housing solutions for low-income individuals and families, ensuring that everyone has access to a decent living space. Although the information provided does not specify the methods or strategies Poco Way Hdc Inc uses to achieve this mission, it is clear that they have a strong commitment to this cause.
The organization's efforts are evident in their past projects. For instance, they operated a 130-unit affordable housing complex in San Jose, California. However, in 2015, the project was acquired by an affiliate, Mccreery Avenue LP. Despite the project change, Poco Way Hdc Inc continued its mission by acquiring land in Palo Alto, California, which is currently operating as Buena Vista Mobile Home Park (Buena Vista). Buena Vista includes mobile homes or recreational vehicle spaces and one single-family home. Poco Way Hdc Inc has plans to preserve Buena Vista as a mobile home park, or equivalent, for up to 50 years. Major infrastructure improvements and renovations are expected to be completed for Buena Vista over the coming years, further demonstrating their commitment to providing affordable housing solutions.
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Impact
October, 2024
Poco Way Hdc Inc significantly impacts the community by providing essential affordable housing for low-income individuals and families. By operating a 130-unit housing complex in San Jose, California, the organization ensures that vulnerable populations have access to safe and stable living conditions.
Additionally, the acquisition of land for the Buena Vista Mobile Home Park in Palo Alto represents a strategic effort to preserve affordable housing options in a region where such opportunities are increasingly scarce. By committing to maintain Buena Vista as a mobile home park for up to 50 years, Poco Way Hdc Inc not only addresses immediate housing needs but also contributes to long-term housing stability in the area.
The organization's planned infrastructure improvements and renovations at Buena Vista further demonstrate a commitment to enhancing the quality of living for its residents. Overall, Poco Way Hdc Inc plays a crucial role in alleviating housing insecurity and promoting community wellbeing in California.
This information is meant to be a general summary of Poco Way Hdc 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 2023.
- Investment Income: $523
- Program Service Revenue: $1,236,001
- Gross Receipts: $1,236,524
Assets and Liabilities:
- Total Assets: $60,885,931
- Total Liabilities: $48,881,423
- Net Assets: $12,004,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$800,965
INTEREST - PROGRAM REL
Revenue
$275,345
UTILITIES AND TENANT C
Revenue
$159,661
OTHER INCOME
Revenue
$30
Organization Details
Founding Year
1994
Principal Officer
Preston Prince
NTEE Category
Code: L80Z - Housing
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