Overview
What is Equality Community Housing Corporation?
Equality Community Housing Corporation is a nonprofit organization based in Houston, Texas, managing two apartment complexes with a combined total of 868 rental units. They cater to lower-income individuals and families, ensuring they have access to safe, decent, and sanitary housing. The corporation operates under the supervision of the U.S. Department of Housing and Urban Development. The mission of Equality Community Housing Corporation revolves around facilitating the provision of affordable housing for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
The Equality Community Housing Corporation has received a Three-Star rating from Charity Navigator, indicating a commendable level of accountability and transparency in its operations. The organization boasts a high program expense ratio of 94.65%, suggesting that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the charity has a fully independent board, which enhances its governance and oversight.
Strengths of the organization include its thorough financial oversight measures, with a fully operational audit and oversight committee and a comprehensive conflict of interest policy. Other policies, such as those for whistleblowing and document retention, are also well-established, contributing to a strong framework for accountability and ethical practices.
However, the organization has faced a critical limitation, as indicated by its liabilities to assets ratio of 107.54%, which suggests that its liabilities exceed its assets. This could potentially raise concerns about financial sustainability and stability moving forward. Overall, while the organization demonstrates strong governance and program focus, its financial health warrants attention.
This AI summary has been generated from information found on Charity Navigator.
Is Equality Community Housing Corporation legitimate?
Equality Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Equality Community Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,288,750
For more financial information, click here
What is the mission statement of Equality Community Housing Corporation?
Equality Community Housing Corporation is dedicated to facilitating the provision of safe, decent, and sanitary affordable housing for lower income individuals and families. Through the ownership and operation of their apartment complexes, they aim to make housing accessible to those in need within their community. Both of their projects, regulated by the U.S. Department of Housing and Urban Development, offer rental units to eligible residents. The organization's mission is essential in ensuring individuals and families have a secure living environment and the opportunity to focus on their personal growth.
Who is the CEO of Equality Community Housing Corporation?
Flynann Janisse is the Cfo/Sec of Equality Community Housing Corporation.
What is the revenue of Equality Community Housing Corporation?
Equality Community Housing Corporation's revenue in 2022 was $21,298,160.
Who are the executives of Equality Community Housing Corporation and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Equality Community Housing Corporation?
Equality Community Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Equality Community Housing Corporation
Equality Community Housing Corporation, a dedicated nonprofit organization, is committed to facilitating the provision of safe, decent, and sanitary affordable housing for lower income individuals and families. Through its mission, the corporation strives to make a significant difference in people's lives by ensuring they have access to secure and clean living spaces.
Equality Community Housing Corporation owns and operates two apartment complexes, each consisting of a 700-unit and a 168-unit property. These complexes, located in various areas, lease their rental units exclusively to individuals and families in the lower income bracket, providing them with much-needed shelter and a sense of stability. The projects are regulated by the U.S. Department of Housing and Urban Development, ensuring the organization adheres to stringent standards and provides quality housing solutions.
By offering affordable housing options, Equality Community Housing Corporation provides a critical service to its community. Lower income individuals and families often face significant challenges in securing safe and decent housing, which can lead to numerous social and economic issues. With the support of Equality Community Housing Corporation, these individuals and families can focus on improving their lives, rather than worrying about where they will live.
The organization's efforts go beyond just providing housing. By ensuring the apartment complexes remain safe, decent, and sanitary, Equality Community Housing Corporation creates an environment conducive to growth and development. This, in turn, positively impacts the lives of the people living there and the broader community. The nonprofit's unwavering commitment to facilitating the provision of affordable housing for those in need is a testament to its dedication and the difference it makes in people's lives.
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Impact
October, 2024
Equality Community Housing Corporation significantly impacts the community by providing safe, decent, and sanitary affordable housing for low-income individuals and families. By owning and operating two apartment complexes in Houston, Texas, with a total of 868 units, it plays a crucial role in addressing housing needs for marginalized groups in the area. These complexes are specifically designed to be accessible to those with limited financial resources, fostering stability and security for residents.
The organization’s commitment to quality housing ensures that tenants do not merely have a roof over their heads but a safe and hospitable environment they can call home. With both complexes regulated by the U.S. Department of Housing and Urban Development, residents benefit from adherence to high standards of housing quality.
Beyond providing housing, the Equality Community Housing Corporation contributes to the broader community by helping to alleviate homelessness and reduce the burden of housing insecurity. By focusing on lower-income individuals and families, the organization creates opportunities for residents to thrive, fostering a more inclusive and equitable community in Houston.
This information is meant to be a general summary of Equality Community Housing 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: $29,502
- Program Service Revenue: $13,642,301
- Gross Receipts: $21,298,160
Assets and Liabilities:
- Total Assets: $48,017,310
- Total Liabilities: $51,642,062
- Net Assets: -$3,624,752
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$8,688,981
RENT REVENUE - GROSS POTENTIAL
Revenue
$5,439,475
RENTAL CONCESSIONS
Revenue
-$80,549
VACANCIES - APARTMENTS
Revenue
-$405,606
Organization Details
Founding Year
2002
Phone
(602) 903-1843Principal Officer
Flynann Janisse
Main Address
18001 N 79TH AVE SUITE 72E, GLENDALE, AZ, 85308
NTEE Category
Code: L21 - Housing
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