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Del Norte Neighborhood Development Corporation

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

EIN: 840783694 ✦ Denver, CO ✦ Designated as a 501(c)(3)

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Overview

What is Del Norte Neighborhood Development Corporation?

Del Norte Neighborhood Development Corporation is a nonprofit organization situated in Denver, Colorado. With a mission to create and preserve affordable housing options, they prioritize serving underprivileged households, including those with low to moderate income, Spanish-speaking individuals, and those with special needs. Their core values emphasize the right to decent, safe, and sanitary housing for all, irrespective of discrimination. Their activities are geared towards fostering healthy neighborhoods by providing housing opportunities for vulnerable populations. The corporation, with a team of nine dedicated individuals, operates within the Denver metropolitan area, offering a sanctuary for low-income residents, including the elderly, disabled, and those with unique needs.


Official website here: www.delnortendc.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 80% (Three-Star out of Four Star rating)

Del Norte Neighborhood Development Corporation has received an 80% score from Charity Navigator, reflecting strong accountability and finance practices. This score is based entirely on their performance in the Accountability & Finance beacon, where they have excelled in various criteria. Their independent board composition and the absence of material diversion of assets contribute positively to their rating, showcasing a commitment to governance and transparency.

The organization demonstrates a robust approach to maintaining integrity, with comprehensive policies in place for conflict of interest, whistleblower protections, and document retention. Their high program expense ratio of 69.45% indicates that a significant portion of their resources is directed towards their mission-related activities, which is a positive sign for stakeholders and donors.

However, while the organization shows strengths in governance and financial management, the executive director's salary of $146,377 may raise questions among some donors regarding compensation structures. Overall, Del Norte Neighborhood Development Corporation presents itself as a responsible nonprofit with a solid foundation in accountability and transparency, actively working towards its community-focused goals.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Del Norte Neighborhood Development Corporation?

The Del Norte Neighborhood Development Corporation has received two initial reviews on Facebook. Although they are not yet rated, one user expressed a positive experience, highlighting that the workshop was conducted in their native language and that the staff were knowledgeable and able to address all their questions effectively.

This indicates a strong potential for user satisfaction, as the individual appreciated the clarity and support provided. The emphasis on language accessibility and expertise suggests that the nonprofit is committed to reaching its community and providing valuable assistance.

Overall, while there are limited reviews at this time, the response is favorable, reflecting a positive initial impression of the services offered by the organization.


This AI summary has been generated from reviews found on Facebook.

Is Del Norte Neighborhood Development Corporation legitimate?

Del Norte Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Del Norte Neighborhood 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: $146,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $443,876

For more financial information, click here


Official website here: www.delnortendc.org

What is the mission statement of Del Norte Neighborhood Development Corporation?

Del Norte Neighborhood Development Corporation's mission is centered around creating and preserving affordable housing options for underserved households. This encompasses families and individuals with low to moderate income, as well as Spanish-speaking communities and those with special needs. The corporation adheres to the belief that everyone, regardless of discrimination, has the right to decent, safe, and sanitary housing. Furthermore, they recognize that services for special needs populations not only benefit the recipients but also contribute to the overall health and well-being of the neighborhoods they serve.


Official website here: www.delnortendc.org

Who is the CEO of Del Norte Neighborhood Development Corporation?

Heidi Peterson is the President of Del Norte Neighborhood Development Corporation.


Official website here: www.delnortendc.org

What is the revenue of Del Norte Neighborhood Development Corporation?

Del Norte Neighborhood Development Corporation's revenue in 2022 was $3,693,578.


Official website here: www.delnortendc.org

Who are the executives of Del Norte Neighborhood Development Corporation and what are their salaries?

The average compensation at Del Norte Neighborhood Development Corporation during 2022 was $65,584. There are 9 employees at Del Norte Neighborhood Development Corporation.


Here are 9 key members and their salaries:


Deborah Ortega (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dolores Moreno (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Federico Alvarez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jude Del Hierro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanna Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Sandos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammie Carrol (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Lasser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heidi Peterson (Executive Director)
  • Compensation: $0
  • Related: $146,377
  • Other: $19,078


Official website here: www.delnortendc.org

Where can I find the form 990 for Del Norte Neighborhood Development Corporation?

Del Norte Neighborhood Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.delnortendc.org

Learn more at the official website: www.delnortendc.org

Mission Statement of Del Norte Neighborhood Development Corporation

Del Norte Neighborhood Development Corporation, a nonprofit organization, is committed to creating and preserving affordable housing opportunities for underserved households. This includes low and moderate-income families, Spanish-speaking individuals, and those with special needs. The corporation's mission is deeply rooted in the belief that every person, regardless of discrimination, has the right to safe, decent, and sanitary housing. In addition, the organization recognizes that providing services for special needs populations not only benefits the recipients but also contributes to the health and well-being of the surrounding neighborhoods. Del Norte Neighborhood Development Corporation operates housing that is affordable for all low-income residents, including the elderly, disabled, and families and individuals with special needs in the Denver metro area.

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Impact




July, 2024

Del Norte Neighborhood Development Corporation's impact is focused on creating and preserving low-income housing and other opportunities for underserved households in the Denver metro area. Their core values emphasize the right to decent, safe, and sanitary housing for all persons without discrimination. By providing affordable housing to low-income residents, including the elderly, disabled, Spanish-speaking individuals, and those with special needs, Del Norte contributes to fostering healthy neighborhoods and supporting the well-being of vulnerable populations in the community.




This information is meant to be a general summary of Del Norte Neighborhood 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.

Revenue
$3,693,578 (2022)
Expenses
$4,314,780 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $335,229
  • Program Service Revenue: $2,163,112
  • Gross Receipts: $3,693,578

Assets and Liabilities:

  • Total Assets: $33,211,488
  • Total Liabilities: $11,425,453
  • Net Assets: $21,786,035

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Programs

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

RENTAL INCOME

Revenue

$1,952,292

CANCELLATION OF DEBT

Revenue

$150,000

MANAGEMENT INCOME

Revenue

$43,013

MISCELLANEOUS INCOME A

Revenue

$17,807

Organization Details

Founding Year

1978

Principal Officer

Heidi Peterson

Main Address

3275 WEST 14TH AVENUE 202, DENVER, CO, 80204

NTEE Category

Code: L250 - Housing

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