322 Hunting Park Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 822103923 ✦ Philadelphia, PA ✦ Designated as a 501(c)(2)

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Overview

What is 322 Hunting Park Corporation?

322 Hunting Park Corporation is a nonprofit organization serving the Hispanic community in North Philadelphia, contributing to broader community development efforts. Established in 2018, they own a complex located at 322 W. Hunting Park Avenue, boasting 142,599 square feet of rentable space, all of which is currently leased and occupied by local businesses from the community. Their primary activity involves owning and operating rental real estate, which caters mainly to local businesses.

Is 322 Hunting Park Corporation legitimate?

322 Hunting Park Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. 322 Hunting Park 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: $0

For more financial information, click here

What is the mission statement of 322 Hunting Park Corporation?

The 322 Hunting Park Corporation is a not-for-profit organization serving the Hispanic community in a broader community development context. It operates a complex, which it purchased in April 2018, with a total rentable space of 142,599 square feet. All of this space is currently leased and occupied by various local businesses from the community. The corporation's mission is to support this community, using its property as a means to contribute to its development. It does not appear that the corporation has a publicly stated mission beyond its role as a landlord and community supporter.

Who is the CEO of 322 Hunting Park Corporation?

Artemio Rodriguez is the Chair - Member of 322 Hunting Park Corporation.

What is the revenue of 322 Hunting Park Corporation?

322 Hunting Park Corporation's revenue in 2022 was $416,347.

Who are the executives of 322 Hunting Park Corporation and what are their salaries?


Here are 3 key members and their salaries:


Rev Luis A Cortes Jr (Chair - Member)
  • Compensation: $0
  • Related: $344,391
  • Other: $77,709
Rev Danny Cortes (Vice Chair - Member)
  • Compensation: $0
  • Related: $230,335
  • Other: $46,475
Walter Toliver (Board Member)
  • Compensation: $0
  • Related: $167,170
  • Other: $21,659
Where can I find the form 990 for 322 Hunting Park Corporation?

322 Hunting Park Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 322 Hunting Park Corporation

The 322 Hunting Park Corporation, a not-for-profit entity, serves the Hispanic community in North Philadelphia as a component of broader community development work. The organization's mission is centered around owning and operating rental real estate, primarily leasing it to local businesses within the community. They have a substantial complex at 322 W. Hunting Park Avenue, which was acquired in April 2018. This campus encompasses a substantial 142,599 square feet of rentable space, all of which is currently leased and occupied by various local businesses from the community.

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Impact




October, 2024

322 Hunting Park Corporation significantly contributes to the economic and social fabric of the Hispanic community in North Philadelphia. By owning and operating a 142,599 square-foot rental complex, it provides essential commercial space for local businesses, fostering economic growth and sustainability within the community.

The corporation's focus on leasing to local businesses ensures that the economic benefits stay within the community, supporting entrepreneurship and job creation. This model not only aids individual business owners but also enhances community cohesion and resilience. Moreover, by facilitating access to quality commercial space, 322 Hunting Park Corporation plays a crucial role in community development, empowering the Hispanic community and promoting a vibrant local economy.

Overall, the corporation’s impact extends beyond mere property management; it enriches the local landscape by supporting small businesses, fostering economic stability, and driving community improvement initiatives.




This information is meant to be a general summary of 322 Hunting Park 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.

Revenue
$416,347 (2022)
Expenses
$679,308 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $416,272
  • Gross Receipts: $416,347

Assets and Liabilities:

  • Total Assets: $5,356,257
  • Total Liabilities: $6,296,967
  • Net Assets: -$940,710

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$416,272

Organization Details

Founding Year

2017

Principal Officer

Artemio Rodriguez

Main Address

4261 North 5th Street, Philadelphia, PA, 19140

NTEE Category

Code: S47 - Community improvement

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