Overview
What is Centro Lancaster Ltd?
Centro Lancaster Ltd is a nonprofit organization located at 453 South Lime Street B, Lancaster, PA 17602. Their primary mission is to stimulate commercial activity in Lancaster, Pennsylvania, by acquiring, developing, and operating a commercial center. This center aims to promote businesses, services, and provide access to healthy food and groceries in the inner city of Lancaster. Currently, Centro Lancaster Ltd houses an international grocery store, cell phone store, barber shop, real estate agent, and a Chinese restaurant. The sixth unit, a wine and book bar, is undergoing renovations and is expected to open this summer, contributing to the vibrancy of the plaza and the overall success of the businesses within.
Is Centro Lancaster Ltd legitimate?
Centro Lancaster Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centro Lancaster Ltd 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 Centro Lancaster Ltd?
Centro Lancaster Ltd's mission is to operate a commercial center that stimulates business activity. More specifically, their goal is to acquire, develop, and operate a commercial center that promotes commercial activities, services, and access to healthy food and groceries. This initiative is aimed at supporting the inner city, thereby contributing to its economic growth. The center currently houses various businesses such as an international grocery store, a cell phone store, a barber shop, a real estate agent, and a Chinese restaurant. A wine and book bar is also set to open this summer, further enhancing the commercial center's offerings. The community has warmly received the plaza, and the existing businesses are thriving.
Who is the CEO of Centro Lancaster Ltd?
Carlos Graupera is the Ceo of Centro Lancaster Ltd. The CEO's salary of Centro Lancaster Ltd is $0 and their total compensation is $168,930.
What is the revenue of Centro Lancaster Ltd?
Centro Lancaster Ltd's revenue in 2022 was $221,480.
Who are the executives of Centro Lancaster Ltd and what are their salaries?
There 4 volunteers at Centro Lancaster Ltd.
Here are 7 key members and their salaries (Centro Lancaster Ltd's CEO's salary is $0 and their total compensation is $168,930):
- Compensation: $0
- Related: $127,163
- Other: $41,767
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $115,960
- Other: $13,281
- Compensation: $0
- Related: $141,632
- Other: $14,542
Where can I find the form 990 for Centro Lancaster Ltd?
Centro Lancaster Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Centro Lancaster Ltd
Centro Lancaster Ltd, a commercial center organization, is committed to promoting and stimulating commercial activity. Their mission involves acquiring, developing, and operating a commercial center to foster commercial activities, services, and access to healthy food and groceries. This endeavor aims to stimulate growth within the business sector, ultimately contributing to the overall economic development of the community. The center currently houses various businesses, such as an international grocery store, a cell phone store, a barber shop, a real estate agent, and a Chinese restaurant. The sixth unit, a wine and book bar, is currently undergoing renovations and is set to open this summer, further expanding the range of businesses available at Centro Lancaster Ltd. The community has wholeheartedly embraced this plaza, and the existing businesses are thriving, indicating the success of Centro Lancaster Ltd's mission to stimulate commercial activity.
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Impact
October, 2024
Centro Lancaster Ltd plays a vital role in revitalizing the commercial landscape of Lancaster, PA. By operating a diverse commercial center, it promotes and stimulates local economic activity, creating a vibrant hub for residents and visitors alike. Current tenants, including an international grocery store, cell phone store, barber shop, real estate agent, and a Chinese restaurant, reflect the center's commitment to serving the community's needs.
The addition of a wine and book bar, slated to open this summer, indicates the center's ongoing growth and appeal. This diversity not only enhances consumer choices but also fosters an environment where businesses can thrive. The community has embraced the plaza, showcasing its positive impact on local commerce and social interaction. Overall, Centro Lancaster Ltd is instrumental in improving community access to essential services, healthy food options, and fostering a sense of neighborhood pride in Lancaster's inner city.
This information is meant to be a general summary of Centro Lancaster Ltd. 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: $453
- Program Service Revenue: $221,027
- Gross Receipts: $221,480
Assets and Liabilities:
- Total Assets: $3,606,982
- Total Liabilities: $4,476,705
- Net Assets: -$869,723
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$221,027
Organization Details
Founding Year
2016
Phone
(717) 397-6267Principal Officer
Carlos Graupera
Main Address
453 SOUTH LIME STREET B, LANCASTER, PA, 17602
NTEE Category
Code: S20 - Community improvement
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