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Community Ventures

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232462126 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is Community Ventures?

Community Ventures is a nonprofit organization established in 1987 in Philadelphia. Their primary focus is on the development of affordable housing. They achieve this by engaging in joint venture rehabilitation projects with local organizations. Their mission is to improve the living conditions of the community by collaborating with locally-based organizations. Community Ventures is dedicated to making a positive impact on Philadelphia's housing landscape.


Is Community Ventures legitimate?

Community Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Ventures 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: $137,454
Professional Fundraising Fees: $0
Other Salaries and Wages: $845,260

For more financial information, click here


What is the mission statement of Community Ventures?
Who is the CEO of Community Ventures?
What is the revenue of Community Ventures?
Who are the executives of Community Ventures and what are their salaries?
Where can I find the form 990 for Community Ventures?

Mission Statement of Community Ventures

Community Ventures, established in 1987, is a mission-driven organization dedicated to the development of affordable housing. With a focus on collaboration, it enters into joint venture rehabilitation projects with locally-based organizations. The primary goal of Community Ventures is to contribute to the affordable housing sector in Philadelphia. By working together with local organizations, it aims to create sustainable and affordable housing solutions for the community.

Impact

This information is meant to be a general summary of Community Ventures. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Community Ventures's impact is evident in the revitalization of affordable housing in Philadelphia. Through its housing rehabilitation efforts, Community Ventures has provided much-needed affordable housing options for residents in the city. By entering into joint venture redevelopment projects with locally-based organizations, Community Ventures has been able to leverage partnerships and resources to create positive change in Philadelphia's housing landscape. This initiative has not only improved living conditions for many individuals and families but has also contributed to the overall well-being and sustainability of the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $141,101
  • Program Service Revenue: $1,382,678
  • Gross Receipts: $1,560,468

    • Assets and Liabilities:
  • Total Assets: $18,608,885
  • Total Liabilities: $747,594
  • Net Assets: $17,861,291
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL COMMISSION

    Revenue

    $202,644

    EXPENSE REIMBURSEMENT

    Revenue

    $538,372

    DEVELOPMENT FEES

    Revenue

    $569,360

    MANAGEMENT FEES

    Revenue

    $49,726

    RENTAL INCOME

    Revenue

    $22,576

    Organization Details

    Founding Year

    1987

    Principal Officer

    David Lafontaine

    Main Address

    1501 CHERRY STREET, PHILADELPHIA, PA, 19102

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of Community Ventures 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.