Overview
What is Southwest Fresno Development Corporation?
Southwest Fresno Development Corporation is a nonprofit organization situated in Fresno, California, specifically at 1424 W California Avenue, 93706. The primary mission of this organization is to uplift and restore the pride in the Southwest Fresno community. They accomplish this by offering opportunities for entrepreneurship and homeownership, aiming to create safer, cleaner, and more vibrant neighborhoods where residents can thrive. The organization provides an 8-week homebuyer education course, with local realtors, lenders, and escrow professionals as instructors. This program aims to produce 50 pre-approved borrowers annually. Additionally, participants receive individual credit and financial coaching, along with a cash stipend upon completion. As of 2022, the program has served around 45 individuals. With a small team of 3 employees, the Southwest Fresno Development Corporation is dedicated to boosting the well-being of its community.
Is Southwest Fresno Development Corporation legitimate?
Southwest Fresno Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Fresno 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: $104,846
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What is the mission statement of Southwest Fresno Development Corporation?
The Southwest Fresno Development Corporation's mission is centered around revitalizing and enhancing the community's pride. This is achieved by offering opportunities for entrepreneurship and homeownership, as well as working towards the creation of safer, cleaner, and lively neighborhoods that foster the well-being of residents. The organization's Homeownership Institute provides an 8-week educational course for prospective homebuyers, aiming to produce 50 pre-approved borrowers annually. Local realtors, lenders, and escrow professionals instruct the course, and participants also receive one-on-one credit and financial coaching, in addition to a cash stipend upon completion of the classes. As of 2022, around 45 individuals have benefited from this program.
Who is the CEO of Southwest Fresno Development Corporation?
Allysunn Walker is the Chair of Southwest Fresno Development Corporation. The CEO's salary of Southwest Fresno Development Corporation is $30,000 and their total compensation is $30,000.
What is the revenue of Southwest Fresno Development Corporation?
Southwest Fresno Development Corporation's revenue in 2022 was $267,865.
Who are the executives of Southwest Fresno Development Corporation and what are their salaries?
The average compensation at Southwest Fresno Development Corporation during 2022 was $34,949. There are 3 employees at Southwest Fresno Development Corporation.
Here are 7 key members and their salaries (Southwest Fresno Development Corporation's CEO's salary is $30,000 and their total compensation is $30,000):
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- Compensation: $30,000
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Where can I find the form 990 for Southwest Fresno Development Corporation?
Southwest Fresno Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southwest Fresno Development Corporation
Southwest Fresno Development Corporation, a nonprofit organization, is dedicated to uplifting and restoring pride in its community. It achieves this goal by offering pathways to entrepreneurship and homeownership, and by creating safer, cleaner, and vibrant neighborhoods where residents can thrive. The organization believes in empowering its community members and providing them with the resources they need to improve their lives.
One of the key initiatives of Southwest Fresno Development Corporation is its Homeownership Institute. This program offers an 8-week homebuyer education course, aiming to produce 50 pre-approved borrowers each year. The course is taught by local realtors, lenders, and escrow professionals, and participants also receive one-on-one credit and financial coaching, as well as a cash stipend upon completion of the classes. In 2022, the Homeownership Program served around 45 individuals.
By providing these opportunities and resources, Southwest Fresno Development Corporation is contributing to the betterment of its community. The organization is not only helping individuals become homeowners but also fostering a sense of pride and investment in the community. This, in turn, leads to safer, cleaner, and more vibrant neighborhoods where residents can thrive.
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Impact
October, 2024
Southwest Fresno Development Corporation has significantly impacted the community by fostering a sense of pride and uplifting its residents. By creating pathways to entrepreneurship and homeownership, the organization empowers individuals to achieve economic independence and stability.
One key initiative, the Homeownership Institute, offers an 8-week homebuyer education course aimed at creating 50 pre-approved borrowers annually. Participants benefit from the expertise of local realtors, lenders, and escrow professionals, receiving tailored credit and financial coaching. Furthermore, completing the courses provides participants with financial incentives, such as a cash stipend, enhancing their ability to purchase homes.
In 2022, the program served approximately 45 participants, directly contributing to a stronger, more engaged community in Southwest Fresno. Through these initiatives, the organization not only facilitates homeownership but also works towards creating safer, cleaner, and vibrant neighborhoods where residents can thrive, ultimately revitalizing the area and instilling a renewed sense of community spirit.
This information is meant to be a general summary of Southwest Fresno 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.
- Gross Receipts: $267,865
Assets and Liabilities:
- Total Assets: $110,745
- Total Liabilities: $0
- Net Assets: $110,745
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Organization Details
Founding Year
2014
Phone
(559) 237-1444Principal Officer
Allysunn Walker
Main Address
1424 W CALIFORNIA AVENUE, FRESNO, CA, 93706
NTEE Category
Code: S00 - Community improvement
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