Overview
What is Housing Development Partners Of San Diego?
Housing Development Partners of San Diego is a nonprofit organization situated in San Diego, California, with the primary mission of providing affordable housing options for low-income individuals, the elderly, and those with disabilities. They achieve this goal by acquiring or developing publically-funded low- and moderate-income housing, which they then rent out to eligible residents. Their mission is to preserve and expand the availability of affordable housing opportunities within the community.
Official website here: www.hdpartners.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Housing Development Partners of San Diego has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 73%. The organization demonstrates strengths in governance, with 80% of its board members being independent and solid performance in audit and oversight. However, there are significant gaps in its accountability practices, particularly with the absence of a whistleblower policy and a document retention policy.
Financially, the organization shows a program expense ratio of nearly 70%, indicating a commitment to directing resources towards its mission. Nevertheless, the liabilities to assets ratio of 71.66% raises concerns about its financial stability, which is reflected in the overall rating of "Needs Improvement." Additionally, the lack of transparency is highlighted by missing tax forms on the nonprofit's website.
While Housing Development Partners of San Diego has a strong independent board and a focus on program expenses, the identified areas for improvement in governance policies and financial ratios suggest that stakeholders may want to approach with caution. The organization has room to enhance its accountability and transparency to bolster its overall effectiveness and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Development Partners Of San Diego legitimate?
Housing Development Partners Of San Diego is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Partners Of San Diego 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: $342,478
For more financial information, click here
Official website here: www.hdpartners.org
What is the mission statement of Housing Development Partners Of San Diego?
Housing Development Partners of San Diego is dedicated to preserving and expanding affordable housing opportunities for low-income and moderate-income residents. This mission is carried out through the organization's purpose of acquiring or developing publicly-funded low- and moderate-income housing, and then renting these properties to eligible individuals, including the elderly and handicapped. The goal is to provide affordable housing solutions to help these groups maintain a decent standard of living. The organization's activities are centered around ensuring that low-income individuals have access to affordable housing options, thereby contributing to a more inclusive and equitable community.
Official website here: www.hdpartners.org
Who is the CEO of Housing Development Partners Of San Diego?
Jeff Davis is the Interim President & Ceo of Housing Development Partners Of San Diego. The CEO's salary of Housing Development Partners Of San Diego is $0 and their total compensation is $188,735.
Official website here: www.hdpartners.org
What is the revenue of Housing Development Partners Of San Diego?
Housing Development Partners Of San Diego's revenue in 2022 was $5,426,565.
Official website here: www.hdpartners.org
Who are the executives of Housing Development Partners Of San Diego and what are their salaries?
Here are 12 key members and their salaries (Housing Development Partners Of San Diego's CEO's salary is $0 and their total compensation is $188,735):
- Compensation: $0
- Related: $368,465
- Other: $48,445
- Compensation: $0
- Related: $278,112
- Other: $23,241
- Compensation: $0
- Related: $254,339
- Other: $22,638
- Compensation: $0
- Related: $180,766
- Other: $8,417
- Compensation: $0
- Related: $187,738
- Other: $997
- Compensation: $0
- Related: $145,879
- Other: $32,296
- Compensation: $0
- Related: $146,980
- Other: $13,179
- Compensation: $0
- Related: $151,114
- Other: $7,143
- 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.hdpartners.org
Where can I find the form 990 for Housing Development Partners Of San Diego?
Housing Development Partners Of San Diego's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hdpartners.org
Learn more at the official website: www.hdpartners.org
Mission Statement of Housing Development Partners Of San Diego
Housing Development Partners of San Diego, as an organization, is committed to a significant mission. Their primary objective is to preserve and increase affordable housing opportunities for low- and moderate-income residents. This mission is carried out by acquiring or developing publicly financed low- and moderate-income housing. The organization then rents out these housing units to eligible individuals, including the elderly and those with disabilities. By providing affordable housing, Housing Development Partners of San Diego contributes to ensuring that a diverse range of people can reside in the community, fostering a more inclusive and equitable society. The organization's mission is a crucial step in addressing housing affordability challenges and ensuring that low- and moderate-income individuals have access to safe and affordable living spaces.
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Impact
October, 2024
Housing Development Partners of San Diego plays a crucial role in enhancing the availability and quality of affordable housing for low- and moderate-income individuals and families. By acquiring and developing publicly financed housing, they make it possible for elderly and disabled persons, as well as other economically disadvantaged residents, to access safe and stable living environments. The organization’s efforts not only preserve existing affordable housing stock but also increase opportunities for residents to secure homes that meet their financial needs. This impact fosters greater community stability and allows vulnerable populations to thrive in a challenging housing market. In a city like San Diego, where housing costs can be prohibitive, the work of Housing Development Partners is essential for ensuring that everyone has the opportunity to enjoy the benefits of secure and affordable housing.
This information is meant to be a general summary of Housing Development Partners Of San Diego. 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: $699,379
- Program Service Revenue: $4,602,763
- Gross Receipts: $5,426,565
Assets and Liabilities:
- Total Assets: $63,947,825
- Total Liabilities: $45,830,342
- Net Assets: $18,117,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$3,788,600
DEVELOPER FEE
Revenue
$442,268
PARTNERSHIP GAINS
Revenue
$223,204
MANAGEMENT FEE
Revenue
$148,691
Organization Details
Founding Year
1990
Phone
(617) 578-7608Principal Officer
Jeff Davis
Main Address
1122 BROADWAY 300, SAN DIEGO, CA, 92101
Website
www.hdpartners.orgIf you are a representative of Housing Development Partners Of San Diego and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.