Overview
What is 1010 Development Corporation?
1010 Development Corporation is a nonprofit organization situated in Downtown Los Angeles, California. With a team of 10 dedicated individuals, they are committed to preserving and managing affordable housing projects, ensuring they are of high quality and offer enriching services. Additionally, they engage in broader community and economic development opportunities. Their services extend beyond housing, providing financial, accounting, and bookkeeping assistance to various entities such as churches, low-income housing owners, limited partnerships, and not-for-profit organizations.
Official website here: www.1010dev.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 83% (Three-Star out of Four Star rating)
1010 Development Corporation has received an 83% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization demonstrates a strong commitment to financial transparency, with a notable program expense ratio of 88.39%. Additionally, their majority independent board membership and high scores in audit oversight and conflict of interest policies underscore their governance effectiveness.
Strengths of the organization include their perfect scores in leadership adaptability and feedback management, indicating a responsive and engaged approach to their mission. The high culture and community score reflects their supportive environment and positive workplace culture. Moreover, their effective use of feedback showcases their dedication to continuously improving and meeting the needs of their constituents.
However, while the overall financial health appears strong, the equity strategies score of 77 suggests room for improvement in addressing equity considerations. This could indicate potential limitations in fully integrating inclusive practices within their operations. Overall, 1010 Development Corporation shows promise but should focus on enhancing their equity strategies to further bolster their impact.
This AI summary has been generated from information found on Charity Navigator.
Is 1010 Development Corporation legitimate?
1010 Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1010 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: $161,240
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,800
For more financial information, click here
Official website here: www.1010dev.org
What is the mission statement of 1010 Development Corporation?
The 1010 Development Corporation's mission is centered around preserving and constructing quality, service-enriched affordable housing. Furthermore, the organization actively seeks opportunities for community and economic development. In their endeavors, they manage various senior and affordable housing projects, extending their services to churches, low-income housing owners, limited partnerships, and not-for-profit organizations by providing financial, accounting, and bookkeeping assistance.
Official website here: www.1010dev.org
Who is the CEO of 1010 Development Corporation?
Robert M Buente is the Principal Officer of 1010 Development Corporation. The CEO's salary of 1010 Development Corporation is $161,240 and their total compensation is $161,240.
Official website here: www.1010dev.org
What is the revenue of 1010 Development Corporation?
1010 Development Corporation's revenue in 2022 was $2,131,787.
Official website here: www.1010dev.org
Who are the executives of 1010 Development Corporation and what are their salaries?
The average compensation at 1010 Development Corporation during 2022 was $28,804. There are 10 employees at 1010 Development Corporation.
Here are 5 key members and their salaries (1010 Development Corporation's CEO's salary is $161,240 and their total compensation is $161,240):
- 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: $161,240
- Related: $0
- Other: $0
Official website here: www.1010dev.org
Where can I find the form 990 for 1010 Development Corporation?
1010 Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1010dev.org
Learn more at the official website: www.1010dev.org
Mission Statement of 1010 Development Corporation
1010 Development Corporation is an organization committed to preserving, constructing, and managing quality service-enriched affordable housing. Beyond this, the corporation also engages in broader community and economic development opportunities. Their mission is multifaceted, aiming to improve the living conditions of various populations by providing affordable housing options. They offer financial, accounting, and bookkeeping services to churches, low-income housing owners, limited partnerships, and not-for-profit organizations, contributing to the overall well-being of these communities. In essence, 1010 Development Corporation is dedicated to enhancing living standards through affordable housing and community development initiatives.
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
July, 2024
1010 Development Corporation's impact can be seen through its efforts to preserve, construct, and manage quality service-enriched affordable housing in downtown Los Angeles. By engaging in overall community and economic development opportunities, the organization plays a vital role in addressing the housing needs of seniors and low-income individuals in the area. Additionally, by providing financial, accounting, and bookkeeping services to various entities such as churches, low-income housing owners, limited partnerships, and not-for-profit organizations, 1010 Development Corporation contributes to the sustainability and growth of these community-focused initiatives. Through its mission-driven approach, the organization significantly contributes to creating a more inclusive and thriving community in Los Angeles.
This information is meant to be a general summary of 1010 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 2022.
- Program Service Revenue: $345,945
- Gross Receipts: $2,414,495
Assets and Liabilities:
- Total Assets: $9,985,543
- Total Liabilities: $8,494,206
- Net Assets: $1,491,337
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT FE
Revenue
$148,615
PARTNERSHIP MANAGEMENT
Revenue
$117,202
DEVELOPER FEES
Revenue
$63,992
BOOKKEEPING FEES
Revenue
$16,136
Organization Details
Founding Year
1991
Phone
(213) 749-0214Principal Officer
Robert M Buente
Main Address
1001 SOUTH HOPE STREET 1ST FLOOR, LOS ANGELES, CA, 90015
Website
www.1010dev.orgNTEE Category
Code: Z99Z - Unknown
If you are a representative of 1010 Development Corporation 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.