Overview
What is Plano Development Corporation?
Plano Development Corporation is a nonprofit organization located in Visalia, California, with an address at 5140 W CYPRESS AVENUE. Their primary mission is to provide housing facilities and services tailored to the physical, social, and psychological needs of low-income, elderly, and disabled individuals. This mission falls under Section 202/Section 8 of the National Housing Act. By doing so, the organization aims to assist individuals with low and moderate income levels, ensuring they have suitable housing options to meet their specific needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 71%
The Plano Development Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall operations. While the organization has a solid program expense ratio of 90.49%, showcasing that the majority of its expenses go directly towards its programs, it struggles with a high liabilities to assets ratio of 111.13%, which raises concerns about its financial health and sustainability.
The organization demonstrates strengths in governance and oversight, scoring well in areas such as having an independent board and effective audit and oversight measures. The board composition received full marks, indicating a commitment to independence, which is an essential aspect of transparency and accountability in nonprofit organizations. Additionally, it has implemented proper document retention practices and maintains accurate board meeting minutes.
However, the financial challenges highlighted by the liabilities to assets ratio suggest that the organization may face difficulties in meeting its financial obligations. While the governance structure appears sound, addressing these financial issues will be crucial for the Plano Development Corporation to enhance its overall effectiveness and rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Plano Development Corporation legitimate?
Plano Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plano 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: $92,601
For more financial information, click here
What is the mission statement of Plano Development Corporation?
The Plano Development Corporation's mission is centered around providing housing for elderly and disabled individuals with low to moderate income levels. Specifically, their objective is to offer living facilities and services tailored to meet the physical, social, and psychological needs of these individuals, in compliance with Section 202/Section 8 of the National Housing Act. The corporation's purpose is to ensure that these vulnerable groups have access to suitable housing accommodations that cater to their unique needs.
Who is the CEO of Plano Development Corporation?
Gilbert Ynigues is the President of Plano Development Corporation.
What is the revenue of Plano Development Corporation?
Plano Development Corporation's revenue in 2023 was $1,123,761.
Who are the executives of Plano Development Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Plano Development Corporation?
Plano Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Plano Development Corporation
Plano Development Corporation, a nonprofit organization, is dedicated to providing housing solutions for elderly and disabled individuals with low to moderate income levels. The primary mission of this corporation is to offer housing facilities and services specifically designed to cater to the physical, social, and psychological needs of its residents. Plano Development Corporation operates under Section 202/Section 8 of the National Housing Act, demonstrating its commitment to supporting vulnerable populations in need of suitable housing options. By providing such accommodations, the organization aims to enhance the quality of life for these individuals, ensuring they have a safe and comfortable living environment.
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Impact
July, 2024
The Plano Development Corporation's impact can be seen in its dedication to providing housing for elderly and disabled individuals with low and moderate income levels. By offering specially designed housing facilities and services tailored to meet the physical, social, and psychological needs of this vulnerable population, the organization plays a crucial role in ensuring these individuals have access to safe and affordable housing options. This not only addresses a critical need within the community but also contributes to enhancing the quality of life for those they serve.
This information is meant to be a general summary of Plano 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: $19,871
- Program Service Revenue: $1,100,013
- Gross Receipts: $1,123,761
Assets and Liabilities:
- Total Assets: $3,084,078
- Total Liabilities: $3,427,440
- Net Assets: -$343,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,100,013
Organization Details
Founding Year
1979
Phone
(559) 627-3700Principal Officer
Gilbert Ynigues
Main Address
5140 W CYPRESS AVENUE, VISALIA, CA, 93277
NTEE Category
Code: L21Z - Housing
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