Overview
What is Hace Management Company?
Hace Management Company is a philanthropic organization based in Philadelphia, Pennsylvania. Committed to social welfare, they manage seven low-income housing projects, providing affordable living spaces for diverse low-income residents. Throughout the year, the company actively engages in low-income housing project management, ensuring the well-being of their tenants. Their mission transcends beyond mere property management, contributing significantly to the community by offering affordable housing options.
Official website here: www.hacecdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Hace Management Company has received a Three-Star rating from Charity Navigator, with an overall score of 83%. This rating is primarily based on the organization's accountability and finance practices, showcasing a strong commitment to transparency and sound financial management. The charity has demonstrated a robust governance structure, with 100% of its board members being independent, which speaks to its integrity and oversight.
The organization excels in several key areas, particularly in program expenses where it allocates 85.28% of its resources directly to its mission. Additionally, it has established effective policies, including a conflict of interest policy, and maintains thorough documentation of board meeting minutes. However, the absence of a whistleblower policy and a document retention and destruction policy indicates areas where further improvement could enhance its governance practices.
Despite these limitations, the charity's low liabilities to assets ratio of 40.79% signifies financial stability, and the transparent availability of its tax forms on its website enhances trust among stakeholders. Overall, while there are minor gaps in policy, Hace Management Company appears to prioritize accountability and effective use of its funds.
This AI summary has been generated from information found on Charity Navigator.
Is Hace Management Company legitimate?
Hace Management Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hace Management Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $152,252
For more financial information, click here
Official website here: www.hacecdc.org
What is the mission statement of Hace Management Company?
Hace Management Company is dedicated to managing low-income housing projects, providing affordable living solutions for various income-restricted individuals. The company's mission is to manage these projects effectively throughout the year, ensuring the availability of affordable housing options. By doing so, Hace Management Company contributes to the community by providing a vital service that helps individuals in need of affordable housing. The company's focus on low-income housing project management is a testament to its commitment to making a difference in the lives of its tenants.
Official website here: www.hacecdc.org
Who is the CEO of Hace Management Company?
David Gonzalez is the President of Hace Management Company.
Official website here: www.hacecdc.org
What is the revenue of Hace Management Company?
Hace Management Company's revenue in 2022 was $513,393.
Official website here: www.hacecdc.org
Who are the executives of Hace Management Company and what are their salaries?
The average compensation at Hace Management Company during 2022 was $6,090. There are 25 employees at Hace Management Company.
Here are 5 key members and their salaries:
- Compensation: $158,088
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hacecdc.org
Where can I find the form 990 for Hace Management Company?
Hace Management Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hacecdc.org
Learn more at the official website: www.hacecdc.org
Mission Statement of Hace Management Company
Hace Management Company, as a mission-driven organization, is dedicated to managing seven low-income housing projects. These projects aim to provide affordable housing for various tenants who fall under the low-income bracket. By overseeing these projects, Hace Management Company contributes significantly to making housing more accessible for individuals who may otherwise struggle to afford it. The company's work in low-income housing project management is a year-round commitment, demonstrating its commitment to making a tangible impact in the lives of its tenants.
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Impact
July, 2024
Hace Management Company's impact is significant in providing affordable housing for low-income tenants in Philadelphia. Through the management of seven low-income housing projects, Hace Management Company plays a crucial role in addressing the housing needs of the community. Their work allows many low-income individuals and families to have a stable and secure place to live, contributing to overall community well-being and economic stability.
This information is meant to be a general summary of Hace Management Company. 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.
- Program Service Revenue: $344,405
- Gross Receipts: $513,393
Assets and Liabilities:
- Total Assets: $740,633
- Total Liabilities: $210,535
- Net Assets: $530,098
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE INCOME
Revenue
$344,405
Organization Details
Founding Year
1982
Phone
(215) 426-8025Principal Officer
David Gonzalez
Main Address
167 WEST ALLEGHENY AVE, PHILADELPHIA, PA, 19140
Website
www.hacecdc.orgNTEE Category
Code: L20 - Housing
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