Overview
What is Houston Area Urban Community Development Corporation?
The Houston Area Urban Community Development Corporation, located at 5330 Griggs Road A104, Houston, TX 77021, is a nonprofit organization dedicated to improving living conditions and fostering community growth. Its primary objective is to offer affordable housing options for the workforce and other residents. The organization achieves this by acquiring real estate from government and financial institutions on a regional scale, then renovating the properties for both homeownership and rental purposes. By doing so, the Houston Area Urban Community Development Corporation aims to stimulate investment and enhance the overall quality of life in the communities it serves, employing a team of 3 individuals.
Official website here: www.haucdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
The Houston Area Urban Community Development Corporation holds a strong rating of 89%, indicating a solid performance in accountability and finance. With a perfect score for independent board members and a well-structured governance framework, the organization demonstrates sound practices in its operations. The financial metrics, such as a program expense ratio of 70.56%, suggest that a significant portion of its budget is directed towards its programs, reflecting a commitment to its mission.
Strengths of the organization include a comprehensive governance approach, highlighted by effective policies such as whistleblower protection and document retention. The board's independence is fully intact, with all members not having conflicting interests, which enhances the trustworthiness of the organization. The low liabilities to assets ratio further indicates financial stability, allowing the organization to continue its efforts in community development effectively.
However, while the organization shows strong financial health, it's important to note that the salary of the Executive Director is $98,004, which may raise questions about compensation practices in relation to the nonprofit sector. Despite this, the overall financial management appears robust, and the organization remains dedicated to its mission of urban community development.
This AI summary has been generated from information found on Charity Navigator.
Is Houston Area Urban Community Development Corporation legitimate?
Houston Area Urban Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Houston Area Urban 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: $78,958
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,304
For more financial information, click here
Official website here: www.haucdc.org
What is the mission statement of Houston Area Urban Community Development Corporation?
The Houston Area Urban Community Development Corporation's mission is centered around providing decent, affordable housing for both workforce members and other residents. Besides this, the organization aims to stimulate investment and enhance the overall quality of life in the communities it serves. To accomplish these goals, HAUCDC acquires real estate from various sources, including government entities and financial institutions, and then improves these properties for both home ownership and rental purposes.
Official website here: www.haucdc.org
What is the revenue of Houston Area Urban Community Development Corporation?
Houston Area Urban Community Development Corporation's revenue in 2023 was $153,423.
Official website here: www.haucdc.org
Who are the executives of Houston Area Urban Community Development Corporation and what are their salaries?
The average compensation at Houston Area Urban Community Development Corporation during 2023 was $74,421. There are 3 employees at Houston Area Urban Community Development Corporation.
Here are 7 key members and their salaries:
- Compensation: $111,773
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.haucdc.org
Where can I find the form 990 for Houston Area Urban Community Development Corporation?
Houston Area Urban Community Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.haucdc.org
Learn more at the official website: www.haucdc.org
Mission Statement of Houston Area Urban Community Development Corporation
Houston Area Urban Community Development Corporation (HAUCDC) is dedicated to serving its community by providing decent and affordable housing options for both workforce individuals and other residents. The organization's primary goal is to stimulate investment and enhance the overall quality of life within these communities. HAUCDC achieves this mission by acquiring real estate from various sources such as government and financial institutions on a regional scale. Once acquired, the organization invests in improving these properties, transforming them into homes suitable for both homeownership and rental purposes. Through these efforts, HAUCDC plays a significant role in contributing to the betterment of its community, providing residents with improved living conditions and a higher standard of life.
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Impact
October, 2024
Houston Area Urban Community Development Corporation (HAUCDC) plays a pivotal role in enhancing the quality of life for residents in the Houston area. By focusing on the provision of decent, affordable housing, HAUCDC addresses a critical need for workforce and other residents, ensuring they have access to safe living conditions.
Through strategic acquisition of real estate from government and financial institutions, HAUCDC invests in revitalizing properties for both homeownership and rental purposes. This not only stimulates investment in the area but also fosters a sense of community by improving the living environment. HAUCDC's efforts directly contribute to increasing the availability of affordable housing, making a significant impact on the overall well-being of the communities it serves.
This information is meant to be a general summary of Houston Area Urban 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 2023.
- Investment Income: $17,137
- Program Service Revenue: $19,120
- Gross Receipts: $153,423
Assets and Liabilities:
- Total Assets: $2,346,535
- Total Liabilities: $1,202,390
- Net Assets: $1,144,145
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Development Fees - DMA
Net Sale of Properties
Revenue
$19,120
Organization Details
Founding Year
2009
Principal Officer
Benny Rodriguez
Website
www.haucdc.orgNTEE Category
Code: L80 - Housing
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