Overview
What is Hope Plaza Inc?
Hope Plaza Inc is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 2001 West Lehigh Avenue. Their primary mission is to stimulate economic growth and opportunities in a disadvantaged section of the city. They achieve this by managing a commercial retail center, offering leases for buildings and grounds. This initiative fosters employment, management, and ownership prospects for local minorities and disadvantaged residents, addressing a significant need within the community. In essence, Hope Plaza Inc aims to uplift North Philadelphia by providing jobs, training, and placement opportunities for its underserved citizens, thereby contributing to their overall empowerment. The organization currently employs a team of four individuals.
Is Hope Plaza Inc legitimate?
Hope Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Plaza Inc 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,448
For more financial information, click here
Mission Statement of Hope Plaza Inc
Hope Plaza Inc, a nonprofit organization, was established with a mission to infuse economic empowerment into North Philadelphia's community. The primary aim of this mission is to offer support and opportunities to minorities and disadvantaged citizens, enabling them to secure jobs, undergo training, and acquire placements within their community. To accomplish this objective, Hope Plaza Inc operates a commercial retail center, providing both ground and building leases. This initiative stimulates employment opportunities, fosters business management, and encourages ownership among local residents, addressing a pressing need in an economically challenged part of Philadelphia. By offering these leases, Hope Plaza Inc is playing a pivotal role in uplifting the community by providing a platform for sustainable growth and development.
Impact
This information is meant to be a general summary of Hope Plaza Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Hope Plaza Inc's impact is evident in its mission to bring economic empowerment to North Philadelphia by providing opportunities for minorities and disadvantaged citizens to find jobs, training, and placements in the community. By operating a commercial retail center that offers ground and building leases, the organization stimulates employment, management, and ownership opportunities for residents in an economically blighted section of Philadelphia. This initiative directly addresses the critical need for job opportunities and economic revitalization in the area, ultimately giving hope to the community and contributing to the overall well-being and prosperity of North Philadelphia.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$1,078,063
Organization Details
Founding Year
1984
Principal Officer
Glen Spaulding
Main Address
2001 West Lehigh Avenue, Philadelphia, PA, 19132
NTEE Category
Code: J220 - Employment
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