Overview
What is Esperanza Housing And Community Development Corporation?
Esperanza Housing and Community Development Corporation, based in San Diego, California, is a nonprofit organization dedicated to addressing housing needs and promoting community development for underprivileged individuals. They achieve this mission by collaborating as a limited partner in various limited partnerships, primarily developed and managed by Community HousingWorks. These partnerships are instrumental in providing affordable housing options for low-income individuals. Esperanza's role in these ventures includes development, ownership, acquisition, lending, and investment, aiming to improve the overall housing and economic conditions of the disadvantaged population. By participating in these initiatives, Esperanza Housing and Community Development Corporation contributes to creating a more equitable and livable community.
Official website here: www.chworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Esperanza Housing And Community Development Corporation has received a solid rating of 89%, reflecting its strong performance in accountability and finance. The organization achieved a perfect score regarding several governance metrics, including a fully independent board and comprehensive financial oversight measures. This high rating indicates a commendable commitment to transparency and responsible financial management.
The charity's financial health is illustrated by a low liabilities to assets ratio of 6.92%, signifying a stable financial standing. Additionally, it boasts a program expense ratio of 100%, indicating that all of its expenses are directed toward its mission-related programs. These metrics highlight the organization's effectiveness in utilizing its resources to support its community development initiatives.
While the rating is favorable, there is always room for improvement in areas such as program impact and community feedback, which are not captured in the financial metrics alone. Overall, Esperanza Housing and Community Development Corporation demonstrates a strong foundation in governance and financial management, contributing positively to its community development efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Esperanza Housing And Community Development Corporation legitimate?
Esperanza Housing And Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Esperanza Housing And 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.chworks.org
What is the mission statement of Esperanza Housing And Community Development Corporation?
Esperanza Housing and Community Development Corporation is committed to providing affordable housing opportunities for individuals with low and moderate incomes. They achieve this goal through various means, including development, ownership, acquisition, lending, and investment. Additionally, the corporation strives to promote community development with the aim of improving the housing and economic conditions of underprivileged communities. They achieve this mission by participating as a limited partner in various limited partnerships, which are developed and operated by Community HousingWorks to provide affordable housing for low-income individuals.
Official website here: www.chworks.org
Who is the CEO of Esperanza Housing And Community Development Corporation?
Sean Spear is the President & Ceo of Esperanza Housing And Community Development Corporation. The CEO's salary of Esperanza Housing And Community Development Corporation is $0 and their total compensation is $356,406.
Official website here: www.chworks.org
What is the revenue of Esperanza Housing And Community Development Corporation?
Esperanza Housing And Community Development Corporation's revenue in 2022 was $1,058,745.
Official website here: www.chworks.org
Who are the executives of Esperanza Housing And Community Development Corporation and what are their salaries?
There 2 volunteers at Esperanza Housing And Community Development Corporation.
Here are 4 key members and their salaries (Esperanza Housing And Community Development Corporation's CEO's salary is $0 and their total compensation is $356,406):
- Compensation: $0
- Related: $344,126
- Other: $12,280
- Compensation: $0
- Related: $290,698
- Other: $7,576
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.chworks.org
Where can I find the form 990 for Esperanza Housing And Community Development Corporation?
Esperanza Housing And Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chworks.org
Learn more at the official website: www.chworks.org
Mission Statement of Esperanza Housing And Community Development Corporation
Esperanza Housing and Community Development Corporation is dedicated to addressing the housing needs of low-income individuals and contributing to the overall improvement of their economic conditions. This California-based nonprofit corporation achieves its mission through various strategies, including development, ownership, acquisition, lending, and investment in affordable housing opportunities. By collaborating with other entities, such as Community HousingWorks, Esperanza participates as a limited partner in several limited partnerships that develop and operate affordable housing for the underprivileged. These partnerships file separate tax returns and contribute to Esperanza's mission of creating housing for low-income individuals and fostering community development. By engaging in these activities, Esperanza aims to positively impact the living situations and economic prospects of those who are often overlooked in society.
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Impact
October, 2024
Esperanza Housing and Community Development Corporation significantly impacts the San Diego community by creating affordable housing opportunities for low and moderate-income individuals. Through its development, ownership, acquisition, lending, and investment activities, it addresses pressing housing needs and promotes economic improvement for underprivileged residents.
By partnering with organizations like Community HousingWorks, Esperanza ensures that various limited partnerships are formed and managed effectively, focusing on affordable housing initiatives. This collaboration enables the development and operation of housing projects specifically designed for low-income individuals, enhancing their living conditions and overall quality of life.
Esperanza's ongoing commitment to community development plays a vital role in improving not just housing but also economic conditions for those it serves. Through its investments and strategic partnerships, it contributes to a more equitable and thriving community, fostering better opportunities for individuals and families who might otherwise struggle to find safe and affordable housing. This impact extends beyond just providing shelter; it empowers residents by improving their access to resources, stability, and a supportive community environment.
This information is meant to be a general summary of Esperanza Housing And 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 2022.
- Program Service Revenue: $1,058,745
- Gross Receipts: $1,058,745
Assets and Liabilities:
- Total Assets: $55,504,610
- Total Liabilities: $3,845,336
- Net Assets: $51,659,274
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$22,491
OTHER TENANT CHARGES
Revenue
$139,207
PROGRAM INCOME
Revenue
$897,047
Organization Details
Founding Year
1991
Phone
(619) 282-6647Principal Officer
Sean Spear
Main Address
3111 CAMINO DEL RIO NORTH STE 800, SAN DIEGO, CA, 92108
Website
www.chworks.orgNTEE Category
Code: L80Z - Housing
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