Overview
What is Cathedral Plaza Development Corp?
Cathedral Plaza Development Corp is a nonprofit organization based in San Diego, California, with an address at 3888 Paducah Dr, ZIP 92117. Previously, the organization managed a low-income housing apartment complex under Section 202 of the National Housing Act. In April 2022, the property was sold. The organization now intends to utilize its investment holdings to support other public charities focused on low-income housing projects. This shift in focus will allow the nonprofit to contribute to the betterment of similar projects in the future.
Is Cathedral Plaza Development Corp legitimate?
Cathedral Plaza Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cathedral Plaza 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cathedral Plaza Development Corp?
Cathedral Plaza Development Corp, previously involved in managing a low-income housing apartment complex, sold the property in 2022. Moving forward, the organization has decided to shift its focus and provide support for various low-income housing projects. Utilizing its investment holdings, Cathedral Plaza Development Corp aims to contribute to other public charities, continuing its commitment to affordable housing solutions. Although the organization has parted ways with its previous project, its dedication to promoting affordable housing opportunities remains unwavering.
What is the revenue of Cathedral Plaza Development Corp?
Cathedral Plaza Development Corp's revenue in 2024 was $1,270,086.
Who are the executives of Cathedral Plaza Development Corp and what are their salaries?
There 5 volunteers at Cathedral Plaza Development Corp.
Here are 5 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cathedral Plaza Development Corp?
Cathedral Plaza Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Cathedral Plaza Development Corp
Cathedral Plaza Development Corp, formerly responsible for managing a low-income housing apartment complex, has transitioned its focus after selling the property in 2022. Moving forward, the organization aims to support other low-income housing projects. With its investment holdings, Cathedral Plaza Development Corp intends to contribute to other public charities, continuing its commitment to affordable housing. The organization's new mission reflects its dedication to addressing the housing needs of individuals with limited resources, now extending beyond the scope of its previous property.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Cathedral Plaza Development Corp has made a significant impact in addressing the needs of low-income individuals and families in San Diego. Previously, the organization operated a low-income housing apartment complex under Section 202 of the National Housing Act, providing essential housing support to vulnerable populations. With the sale of that property in April 2022, the organization's focus has shifted towards leveraging its investment holdings to support other low-income housing projects and public charities.
By reallocating resources, Cathedral Plaza Development Corp aims to enhance the availability and quality of affordable housing options in the community. The organization's commitment to supporting various low-income housing initiatives not only aids in combating homelessness but also strengthens the overall social fabric of San Diego. Through these efforts, Cathedral Plaza Development Corp continues to play a crucial role in promoting housing stability and economic security for those in need.
This information is meant to be a general summary of Cathedral Plaza 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 2024.
- Investment Income: $1,270,086
- Gross Receipts: $1,270,086
Assets and Liabilities:
- Total Assets: $50,196,703
- Total Liabilities: $5,150
- Net Assets: $50,191,553
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1970
Principal Officer
Rodrigo Valdivia
NTEE Category
Code: L21Z - Housing
If you are a representative of Cathedral Plaza Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.