Overview
What is Sacred Heart Support Corporation?
Sacred Heart Support Corporation is a nonprofit organization based in San Jose, California, established to aid Sacred Heart Community Service, a public benefit corporation founded in 1964. The corporation owns a crucial building in San Jose that plays a significant role in furthering the organization's mission. Sacred Heart Support Corporation participates in transactions under the Federal New Markets Tax Credit (NMTC) program, as outlined in Section 45D of the Internal Revenue Code, thereby securing financing for eligible capital projects. The main purpose of Sacred Heart Support Corporation is to support the charitable objectives of Sacred Heart Community Service, which provides emergency welfare assistance to the community.
Official website here: www.sacredheartcs.org
Is Sacred Heart Support Corporation legitimate?
Sacred Heart Support Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart Support 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
Official website here: www.sacredheartcs.org
What is the mission statement of Sacred Heart Support Corporation?
The Sacred Heart Support Corporation's mission is centered around supporting the charitable purposes of Sacred Heart Community Service, a California-based nonprofit organization. Specifically, the Sacred Heart Support Corporation constructs, develops, and holds title in real property for the use of Sacred Heart Community Service. The primary charitable purpose of Sacred Heart Community Service is to provide emergency welfare assistance.
Official website here: www.sacredheartcs.org
Who is the CEO of Sacred Heart Support Corporation?
Poncho Guevara is the President of Sacred Heart Support Corporation.
Official website here: www.sacredheartcs.org
What is the revenue of Sacred Heart Support Corporation?
Sacred Heart Support Corporation's revenue in 2022 was $102,072.
Official website here: www.sacredheartcs.org
Who are the executives of Sacred Heart Support Corporation and what are their salaries?
There 4 volunteers at Sacred Heart Support Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $197,268
- Other: $6,163
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sacredheartcs.org
Where can I find the form 990 for Sacred Heart Support Corporation?
Sacred Heart Support Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sacredheartcs.org
Learn more at the official website: www.sacredheartcs.org
Mission Statement of Sacred Heart Support Corporation
Sacred Heart Support Corporation is an organization that has a mission to support the charitable purposes of Sacred Heart Community Service, a California nonprofit public benefit corporation. The primary objective of Sacred Heart Support Corporation is to aid Sacred Heart Community Service by constructing, developing, and holding title in real property for its use. The charitable purpose of Sacred Heart Community Service is to provide emergency welfare assistance. In simpler terms, Sacred Heart Support Corporation assists Sacred Heart Community Service in acquiring and managing property, enabling it to carry out its mission of offering emergency aid to those in need.
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Impact
October, 2024
Sacred Heart Support Corporation plays a vital role in enhancing community welfare in San Jose, California, by facilitating support for emergency assistance services. By owning and managing critical real estate necessary for its mission, the corporation ensures that Sacred Heart Community Service has the resources it needs to provide immediate relief to individuals and families facing hardship.
Their contributions significantly amplify the impact of community services, allowing for the development and improvement of facilities that serve the underserved populations. Engaging in initiatives like the federal New Markets Tax Credit program enables Sacred Heart Support Corporation to secure financing for essential capital projects that strengthen its infrastructure and outreach capabilities.
Overall, the organization's efforts create a sustainable support system that addresses urgent needs within the community, fostering resilience and empowerment among those they serve.
This information is meant to be a general summary of Sacred Heart Support 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 2022.
- Program Service Revenue: $102,072
- Gross Receipts: $102,072
Assets and Liabilities:
- Total Assets: $10,238,969
- Total Liabilities: $10,172,222
- Net Assets: $66,747
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$102,072
Organization Details
Founding Year
2021
Phone
(408) 278-2160Principal Officer
Poncho Guevara
Main Address
1381 SOUTH FIRST STREET, SAN JOSE, CA, 95110
Website
www.sacredheartcs.orgNTEE Category
Code: X11 - Religion related
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