Overview
What is Temenos Community Development Corporation?
Temenos Community Development Corporation is a nonprofit organization based in Houston, Texas, specifically at 2200 JEFFERSON STREET. Their primary mission is to offer affordable housing options and supportive services to individuals with low to extremely low income, aiding them on their path to self-sufficiency. Additionally, they provide employment resources as part of their comprehensive approach to helping those in need. With a workforce of 42 individuals, Temenos Community Development Corporation is committed to improving living conditions and fostering self-reliance in the community.
Official website here: www.temenoscdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating from Charity Navigator)
Temenos Community Development Corporation has achieved an impressive Four-Star rating on Charity Navigator, reflecting its strong commitment to accountability and finance. The organization has a perfect score for having an entirely independent board, demonstrating excellent governance practices. The financial oversight is robust, with no material diversion of assets reported and thorough audit procedures in place.
The organization’s financial health is also commendable, evidenced by a program expense ratio of 78.52%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. The liabilities to assets ratio of 41.37% further highlights financial stability, ensuring that the organization is well-positioned to meet its obligations while supporting its mission effectively.
Overall, Temenos Community Development Corporation showcases transparency and a commitment to ethical practices, which contribute positively to its reputation within the nonprofit sector. There were no noted limitations in the data, reinforcing the strength of its operational and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Temenos Community Development Corporation legitimate?
Temenos Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Temenos Community 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: $143,765
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.temenoscdc.org
What is the mission statement of Temenos Community Development Corporation?
The Temenos Community Development Corporation is committed to providing affordable housing opportunities, supportive services, and employment resources to individuals falling under the low- to extremely low-income bracket, aiding them in their journey towards self-sufficiency. This organization's mission is to offer permanent housing solutions for low-income and homeless individuals, in addition to supplying social service resources for the same population.
Official website here: www.temenoscdc.org
Who is the CEO of Temenos Community Development Corporation?
Eva Thibaudeau-Graczyk is the Board Chair of Temenos Community Development Corporation. The CEO's salary of Temenos Community Development Corporation is $133,750 and their total compensation is $143,765.
Official website here: www.temenoscdc.org
What is the revenue of Temenos Community Development Corporation?
Temenos Community Development Corporation's revenue in 2022 was $2,131,421.
Official website here: www.temenoscdc.org
Who are the executives of Temenos Community Development Corporation and what are their salaries?
The average compensation at Temenos Community Development Corporation during 2022 was $3,423. There are 42 employees and 40 volunteers at Temenos Community Development Corporation.
Here are 5 key members and their salaries (Temenos Community Development Corporation's CEO's salary is $133,750 and their total compensation is $143,765):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $133,750
- Related: $0
- Other: $10,015
Official website here: www.temenoscdc.org
Where can I find the form 990 for Temenos Community Development Corporation?
Temenos Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.temenoscdc.org
Learn more at the official website: www.temenoscdc.org
Mission Statement of Temenos Community Development Corporation
Temenos Community Development Corporation is dedicated to assisting individuals with low to extremely low incomes on their path to self-sufficiency. Their mission encompasses three key areas: providing affordable housing opportunities, offering supportive services, and supplying employment resources. Through these initiatives, Temenos aims to help individuals overcome their challenges and achieve a stable living situation.
In practice, Temenos provides permanent housing for those who are economically disadvantaged or homeless. Beyond providing a roof over their heads, the corporation also offers social service resources to the same individuals, ensuring they have the necessary support to thrive in their new living situations. By combining affordable housing and supportive services, Temenos aims to empower its clients and enable them to build a better future for themselves.
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Impact
October, 2024
Temenos Community Development Corporation significantly impacts the Houston area by addressing the critical need for affordable housing and support services for low- to extremely low-income individuals. Through the provision of permanent housing, they help to stabilize the lives of those who are homeless or at risk of homelessness. This foundation of secure housing is complemented by social service resources that empower individuals to overcome barriers and enhance their quality of life.
Additionally, Temenos offers employment resources that not only foster self-sufficiency but also promote economic mobility for those they serve. By equipping individuals with the necessary tools and support, they contribute to breaking the cycle of poverty, fostering independence, and building stronger, more resilient communities in Houston.
This information is meant to be a general summary of Temenos Community 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.
- Investment Income: $16,745
- Program Service Revenue: $665,978
- Gross Receipts: $2,131,421
Assets and Liabilities:
- Total Assets: $5,285,868
- Total Liabilities: $2,186,920
- Net Assets: $3,098,948
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$665,978
Organization Details
Founding Year
2006
Phone
(281) 620-6913Principal Officer
Eva Thibaudeau-Graczyk
Main Address
2200 JEFFERSON STREET, HOUSTON, TX, 77003
Website
www.temenoscdc.orgNTEE Category
Code: L40 - Housing
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