Overview
What is Grand Central Texas Development Corp?
Grand Central Texas Development Corp is a nonprofit organization based in Austin, Texas, with an address at 1011 SAN JACINTO BLVD. Their primary mission is to provide affordable housing solutions for underprivileged individuals, including minorities, women, the elderly, and the disabled. To achieve this goal, they manage multi-family developments, offer capacity building assistance to their board of directors, provide training for on-site property managers, develop internal policies and procedures for property management, and establish tenant services. Furthermore, they assist communities at no cost with affordable housing solutions and solicit grants for rent subsidies and community facilities. In summary, Grand Central Texas Development Corp is committed to improving the living conditions of lower-income residents in Texas by providing decent and affordable housing services.
Official website here: www.texascommunitybuilders.org
Is Grand Central Texas Development Corp legitimate?
Grand Central Texas Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Central Texas Development Corp 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: $41,722
For more financial information, click here
Official website here: www.texascommunitybuilders.org
What is the mission statement of Grand Central Texas Development Corp?
Grand Central Texas Development Corp's mission is focused on providing affordable housing for underprivileged individuals, including minorities, women, the elderly, and the handicapped. Their mission extends beyond just housing, as they also aim to deliver development services across Texas for low and moderate income individuals who are underserved. Their activities include property management, assisting boards with capacity building, providing training for on-site property managers, developing internal policies and procedures, and offering tenant services. Additionally, the corporation offers assistance to communities, free of charge, in finding affordable housing solutions and securing grants for rent subsidies and community facilities.
Official website here: www.texascommunitybuilders.org
What is the revenue of Grand Central Texas Development Corp?
Grand Central Texas Development Corp's revenue in 2024 was $569,047.
Official website here: www.texascommunitybuilders.org
Who are the executives of Grand Central Texas Development Corp and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $163,882
Official website here: www.texascommunitybuilders.org
Where can I find the form 990 for Grand Central Texas Development Corp?
Grand Central Texas Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.texascommunitybuilders.org
Learn more at the official website: www.texascommunitybuilders.org
Mission Statement of Grand Central Texas Development Corp
Grand Central Texas Development Corp, a nonprofit organization, is committed to providing affordable housing solutions for underserved individuals, including minorities, women, the elderly, and the handicapped. Their mission is to extend affordable housing and development services across Texas. The corporation plays a significant role in managing multi-family developments, assisting the Board of Directors in capacity building, and offering training for on-site property managers. They also develop internal policies and procedures for property management, as well as tenant services, including manuals, activities, and communication methods.
In addition to property management, Grand Central Texas Development Corp offers support to communities at no cost, providing affordable housing solutions. They also actively seek grants for rent subsidies and community facilities. The organization's work is extensive, aiming to improve the living conditions of low and moderate-income individuals in Texas. By providing affordable housing and development services, Grand Central Texas Development Corp is making a positive impact on the lives of many, contributing to a more inclusive and equitable society.
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Impact
October, 2024
Grand Central Texas Development Corp directly addresses the critical need for decent and affordable housing for lower-income residents in Texas, focusing particularly on underserved groups such as minorities, women, the elderly, and the handicapped. By managing and leasing multi-family developments, the organization ensures that these vulnerable populations have access to safe and stable housing options.
The impact of Grand Central Texas goes beyond housing provision; it encompasses comprehensive property management and capacity building for board members and on-site property managers. This training is vital for enhancing the overall effectiveness of property management, which leads to better living conditions for tenants. Additionally, the organization develops formal internal policies and procedures, ensuring that best practices are followed in property management.
Furthermore, Grand Central Texas actively assists communities by providing affordable housing solutions at no cost. This includes soliciting grants for rent subsidies and developing community facilities, which contribute to the overall well-being of neighborhoods. By offering resources and support for tenant services, including manuals, activities, and communication channels, the organization fosters a sense of community among residents.
In summary, Grand Central Texas Development Corp plays a pivotal role in providing affordable housing and essential support services, significantly impacting the lives of low and moderate-income individuals across Texas.
This information is meant to be a general summary of Grand Central Texas Development Corp. 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 2024.
- Investment Income: $10,573
- Program Service Revenue: $530,010
- Gross Receipts: $569,047
Assets and Liabilities:
- Total Assets: $9,994,641
- Total Liabilities: $2,836,240
- Net Assets: $7,158,401
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MULTI-FAMILY HOUSING
Revenue
$240,662
OFFICE RENTAL
Revenue
$226,313
SINGLE-FAMILY HOUSING
Revenue
$22,500
LOAN INTEREST INCOME
Revenue
$24,718
OTHER PROGRAM INCOME
Revenue
$15,817
Organization Details
Founding Year
2000
Principal Officer
Rosa Rios Valdez
NTEE Category
Code: L20 - Housing
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