Overview
What is Espiritu Community Development Corp?
Espiritu Community Development Corp is a nonprofit organization based in Phoenix, Arizona, located at 4848 South 2nd Street. Their mission is to empower South Phoenix residents and help them become self-sufficient through various initiatives, including education, affordable housing, business development, and community security. The organization's projects aim to provide quality education, develop affordable housing options, foster business growth, and ensure community safety. Their efforts consist of four essential components: empowerment, building knowledge through an educational center, leadership development through a training facility, and environmental enhancement through an ecological garden. Espiritu Community Development Corp employs 64 individuals in their mission to uplift and serve the South Phoenix community.
Official website here: www.espiritu.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 76% (Three-Star out of Four Star rating)
Espiritu Community Development Corp has achieved a 76% rating, which is indicative of a solid level of accountability and financial management. The charity scores exceptionally well in areas such as having a majority independent board and strong financial oversight, with no reported material diversion of assets. This suggests that the organization is committed to maintaining transparency and ethical governance.
However, there are some notable limitations. The organization lacks essential policies like a conflict of interest policy, a whistleblower policy, and a document retention policy, which are critical for safeguarding against potential conflicts and ensuring proper operational procedures. Additionally, while their program expenses ratio is commendable at 93.75%, the liabilities to assets ratio at 60.82% may raise concerns about financial stability.
Overall, while Espiritu Community Development Corp demonstrates strong financial management and governance, addressing policy gaps could enhance its credibility and operational effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Espiritu Community Development Corp legitimate?
Espiritu Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Espiritu Community Development Corp 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: $154,362
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,269,481
For more financial information, click here
Official website here: www.espiritu.org
What is the mission statement of Espiritu Community Development Corp?
The Espiritu Community Development Corp focuses on providing self-sufficiency to a community through various initiatives. The organization implements educational programs and engages in activities to promote quality education. Additionally, they work towards affordable housing and business development to enhance economic opportunities. Community security is another essential component of their mission, ensuring a safe and secure environment. The Espiritu Community Development Corp also incorporates community service projects, with a strong emphasis on empowerment, knowledge acquisition, leadership development, and environmental improvement. Their commitment is to create an ecosystem that fosters growth and values in the community they serve.
Official website here: www.espiritu.org
Who is the CEO of Espiritu Community Development Corp?
Armando Ruiz is the Chief Executive Officer of Espiritu Community Development Corp. The CEO's salary of Espiritu Community Development Corp is $96,279 and their total compensation is $98,219.
Official website here: www.espiritu.org
What is the revenue of Espiritu Community Development Corp?
Espiritu Community Development Corp's revenue in 2022 was $12,487,638.
Official website here: www.espiritu.org
Who are the executives of Espiritu Community Development Corp and what are their salaries?
The average compensation at Espiritu Community Development Corp during 2022 was $53,498. There are 64 employees and 15 volunteers at Espiritu Community Development Corp.
Here are 5 key members and their salaries (Espiritu Community Development Corp's CEO's salary is $96,279 and their total compensation is $98,219):
- Compensation: $96,279
- Related: $1,940
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $58,083
- Related: $0
- Other: $0
Official website here: www.espiritu.org
Where can I find the form 990 for Espiritu Community Development Corp?
Espiritu Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.espiritu.org
Learn more at the official website: www.espiritu.org
Mission Statement of Espiritu Community Development Corp
Espiritu Community Development Corp, a nonprofit organization, is dedicated to providing South Phoenix with the means to become self-sufficient through education, affordable housing, business development, and community security. The mission of Espiritu Community Development Corp involves implementing programs and engaging in activities that foster self-sufficiency and improvement in the community.
Quality education is a fundamental component of Espiritu Community Development Corp's mission. The organization focuses on empowering individuals through educational opportunities, allowing them to build a solid foundation for their future. They operate an educational center that brings knowledge to the community, helping individuals broaden their horizons and acquire new skills.
Affordable housing is another essential aspect of Espiritu Community Development Corp's mission. The organization strives to improve living conditions for residents, enabling them to focus on their personal growth rather than worrying about housing issues. By providing affordable housing options, Espiritu Community Development Corp is contributing to the overall well-being and stability of the community.
Moreover, Espiritu Community Development Corp's initiatives extend to business development and community security. They help create an environment conducive to entrepreneurship by supporting local businesses and providing resources to those looking to start their own ventures. Additionally, their commitment to community security ensures that residents feel safe in their neighborhoods, allowing them to pursue their goals with confidence.
Furthermore, Espiritu Community Development Corp's mission encompasses four essential components to building spirit and values: empowerment, knowledge, leadership, and environment. They focus on empowering individuals through education and opportunities, building knowledge through their educational center, fostering leadership through training facilities, and improving the environment through ecological gardens.
Through their various programs and initiatives, Espiritu Community Development Corp is making a significant impact on the South Phoenix community, providing the essential resources and support for individuals to become self-sufficient and thrive.
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Impact
October, 2024
Espiritu Community Development Corp significantly enhances the quality of life in South Phoenix by fostering self-sufficiency through a multi-faceted approach that includes education, affordable housing, business development, and community security. By implementing various programs and engaging community members, it provides vital resources aimed at empowering individuals and families.
One of the core components is its focus on education, establishing an educational center that builds knowledge and nurtures personal development. This setting serves as a foundation for community members to acquire skills and knowledge essential for their growth and success. Additionally, a dedicated training facility works to cultivate leadership skills, ensuring that residents are equipped to take on roles that drive positive change within the community.
Moreover, the commitment to building an ecologically conscious environment through an ecological garden promotes sustainability and reinforces community values. This holistic approach not only addresses immediate needs but also instills a sense of pride and collective responsibility among residents, ultimately strengthening the fabric of the community.
Through its initiatives, Espiritu Community Development Corp plays a pivotal role in transforming South Phoenix into a thriving, self-sufficient community, where individuals are empowered to contribute meaningfully to their own lives and the broader society.
This information is meant to be a general summary of Espiritu Community Development Corp. 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: $591
- Program Service Revenue: $3,267,288
- Gross Receipts: $12,487,638
Assets and Liabilities:
- Total Assets: $11,141,797
- Total Liabilities: $6,776,973
- Net Assets: $4,364,824
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD SERVICE PROGRAM
Revenue
$3,253,081
DAY CARE
Revenue
$14,207
Organization Details
Founding Year
1995
Phone
(602) 243-7788Principal Officer
Armando Ruiz
Main Address
4848 SOUTH 2ND STREET, PHOENIX, AZ, 850402122
Website
www.espiritu.orgNTEE Category
Code: P20 - Human services
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