Don Pedro Housing Corporation

Overview

Don Pedro Housing Corporation is a nonprofit organization primarily focused on developing affordable housing and real estate projects. It plays a crucial role in the revitalization of Newark, New Jersey, by contributing to local redevelopment initiatives.

Mission and Activities

While specific details about its mission are limited, the corporation aligns with broader goals of creating and maintaining affordable housing options. This is consistent with efforts to improve living conditions and community development within Newark.

Financials and Operations

Available financial data indicates that the corporation has experienced varying levels of revenue and expenses over time. For instance, past revenues have ranged between approximately $345,000 and $500,000, with expenses fluctuating between $156,000 and $1 million. The organization's assets have grown significantly, moving from about $2.59 million to $5 million, while liabilities have also increased, reaching up to $2 million.

Relationship with La Casa de Don Pedro

Don Pedro Housing Corporation is associated with La Casa de Don Pedro, Inc., a prominent Latinx-led organization in New Jersey that supports various community development initiatives, including housing. However, the exact nature of their collaboration or structural relationship is not specified.

External Context

The organization operates within a broader context of community development and housing affordability, which are significant concerns in urban areas like Newark. Efforts to provide affordable housing and revitalize neighborhoods contribute to larger urban renewal strategies aimed at enhancing economic and social stability.

References

For more details, financial reports, and organizational status, consult financial filings and nonprofit databases, such as IRS filings or GuideStar profiles.