Overview
What is West Community Economic Development Corporation?
West Community Economic Development Corporation is a nonprofit organization located at 4200 MORRISON ROAD, DENVER, CO, 80219. Their mission is to foster a vibrant and dynamic environment that encourages and nurtures entrepreneurs, small businesses, cultural organizations, and local residents. By doing so, they aim to create a destination that is authentic, energetic, and colorful. The corporation's activities encompass small business support and neighborhood revitalization, contributing to economic development in the community. The organization, with a team of 18 dedicated individuals, operates under the name Bucu West Development Center.
Official website here: www.bucuwest.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%
West Community Economic Development Corporation has received a Zero-Star out of Four Star rating from Charity Navigator due to significant concerns regarding its financial accountability and transparency. The organization has an Accountability & Finance Score of 43, indicating there are several areas needing improvement, particularly in managing its liabilities, which stand at a notably high ratio of 90.84%.
Despite these financial challenges, the organization shows strengths in governance practices, with a fully independent board of directors and established policies for conflict of interest and document retention. However, the absence of a whistleblower policy and the lack of accessible tax forms on its website raise red flags about its commitment to transparency and accountability.
Overall, while West Community Economic Development Corporation demonstrates some positive governance elements, the financial stability and transparency issues highlighted in its rating suggest that potential donors and stakeholders should approach with caution, emphasizing the need for improved management and oversight practices.
This AI summary has been generated from information found on Charity Navigator.
Is West Community Economic Development Corporation legitimate?
West Community Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Community Economic 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: $1,239,909
For more financial information, click here
Official website here: www.bucuwest.com
What is the mission statement of West Community Economic Development Corporation?
The West Community Economic Development Corporation is committed to establishing a vibrant and lively environment that fosters and nurtures entrepreneurs, small businesses, cultural organizations, and local residents. By doing so, they aim to create a destination that is authentic, full of energy, and colorful. Their mission encompasses supporting the growth and development of these entities, contributing to neighborhood revitalization, and promoting economic advancement.
Official website here: www.bucuwest.com
What is the revenue of West Community Economic Development Corporation?
West Community Economic Development Corporation's revenue in 2023 was $1,786,734.
Official website here: www.bucuwest.com
Who are the executives of West Community Economic Development Corporation and what are their salaries?
The average compensation at West Community Economic Development Corporation during 2023 was $65,258. There are 19 employees and 68 volunteers at West Community Economic Development Corporation.
Here are 10 key members and their salaries:
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- Other: $0
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- Other: $0
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- Compensation: $156,908
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- Other: $6,175
- Compensation: $88,304
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- Other: $4,864
- Compensation: $125,400
- Related: $0
- Other: $3,172
- Compensation: $102,005
- Related: $0
- Other: $0
Official website here: www.bucuwest.com
Where can I find the form 990 for West Community Economic Development Corporation?
West Community Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bucuwest.com
Learn more at the official website: www.bucuwest.com
Mission Statement of West Community Economic Development Corporation
West Community Economic Development Corporation is committed to establishing a vibrant and dynamic environment that fosters and nurtures entrepreneurs, small businesses, cultural organizations, and local residents. By creating such a destination, the corporation aims to promote and support these entities in an authentic, lively, and energetic setting that is characterized by its vibrant colors. The organization's mission is to serve as a catalyst for neighborhood revitalization and economic development, ensuring the growth and success of its community members.
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Impact
July, 2024
West Community Economic Development Corporation plays a vital role in fostering entrepreneurship, supporting small businesses, cultural organizations, and residents in Denver, Colorado. Through its activities, it contributes significantly to neighborhood revitalization and economic development in the area, creating a vibrant and colorful environment that boosts the local community. Its mission is to create a destination that supports and promotes key stakeholders, driving tangible positive change in the community. Their work ultimately leads to community improvement and sustainable growth in the region.
This information is meant to be a general summary of West Community Economic 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 2023.
- Investment Income: $1,684
- Program Service Revenue: $78,807
- Gross Receipts: $3,501,794
Assets and Liabilities:
- Total Assets: $3,309,804
- Total Liabilities: $3,006,807
- Net Assets: $302,997
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMUNITY PROJECTS
Revenue
$56,804
OTHER PROGRAMS
Revenue
$22,003
Organization Details
Founding Year
1987
Principal Officer
Jose G Esparza
Website
www.bucuwest.comNTEE Category
Code: S31Z - Community improvement
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