Saca Development Corporation

Nonprofit profile at a glance

EIN
232364586
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Lancaster, PA, USA
Phone
7173976267
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$3,884,321
Expenses
$2,727,731
Assets
$29,611,754
Liabilities
$22,316,537

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • JOSE R LOPEZ (PRESIDENT/CEO)

Highest reported compensation

  • JOSE R LOPEZ (PRESIDENT/CEO): $263,486 total reported compensation
  • ROSA GRAUPERA (CFO (UNTIL 12/24)): $187,955 total reported compensation
  • JOSE COLON (VP PROPERTY MANAGEMENT): $127,034 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is formed to:1) purchase, construct, rehabilitate, own, repair, maintain, lease and release housing in blighted or economically or socially depressed areas of the county of lancaster, Pennsylvania.2) lessen the burdens of government by making decent, affordable housing available in areas where government and profit-making businesses traditionally have failed to do so and to provide such housing on a non-profit basis and wherever economically possible, at rents below market rates and at prices affordable to low and moderate income persons3) to encourage community improvement and to provide training and increased employment opportunities for economically and socially disadvantaged members of low and moderate income families, and4) in furtherance of the foregoing, to do all other activities and things which non-profit corporations are legally authorized to do.

What it reported doing in 2024

Saca development completed the welding and metal fabrication training area for tec centro southwest in december 2024. Classes started in this training area in january 2025. Classes are in progress and employers can find new, well-trained employees, thanks to this program. Saca development rehabbed three homes and resold three scattered site homes in fy 24-25. As of june 30, 2025, sdc still had one home on the market for sale. Our project, duke street plaza, continues to be in the pre-development phase but when completed will provide one standalone bank branch and a four-story mixed-use building with retail and professional offices on the ground level with the 2nd, 3rd and 4th levels consisting of 48 apartments located within the southeast area of the city. Saca development was able to complete the majority of a refresh to the apartments at general cigar place. The renovations included the use of arpa funds to complete the project. New flooring, appliances, bathroom remodels and painting were completed for each apartment. This project also included updating the flooring and walls of the hallways and common areas. Saca development also completed renovations for their property at 50 e. New st. This included new flooring, painting, and a kitchen remodel. The bathrooms were all updated as well.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 85
  • Accountability: 88
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.9%; rating input score 53
  • Program expense ratio: 91.4%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.8%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 10.86; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.75; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 8.5%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 12.9% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: 8.1% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 52.9% of revenue deployed · 91.4% of spending went to programs
  • Governance: 8 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.5M in reported program spending
  • Leadership: top reported pay $263K · 11 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 11 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.