Overview
What is Hispanic Housing Development Corporation?
The Hispanic Housing Development Corporation is a Chicago-based nonprofit organization dedicated to neighborhood development through affordable housing and other real estate projects. With a team of 434 employees, they focus on revitalizing distressed urban areas of metropolitan Chicago and suburban Illinois for economically disadvantaged individuals and families. Their mission encompasses economic development, affordable housing, urban renewal, and regeneration.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
The Hispanic Housing Development Corporation has earned a strong Four-Star rating from Charity Navigator, reflecting its impressive accountability and financial health. The overall score, based entirely on accountability and finance, highlights the organization's effective management of resources and commitment to transparency. With a remarkable program expense ratio of 86.28%, the organization demonstrates a focus on channeling funds directly into its mission.
One significant strength of the organization is its governance structure, which features a majority of independent board members. This independent oversight is crucial for maintaining accountability and ensuring that the organization's activities align with its mission. The charity also boasts robust policies in place, including conflict of interest, whistleblower, and document retention policies, all of which contribute to its strong ethical standards.
While the organization shows outstanding financial health with a liabilities to assets ratio of 42.21%, it is essential for potential donors and stakeholders to continuously monitor its performance over time. Overall, the Hispanic Housing Development Corporation’s high ratings indicate a well-managed nonprofit that effectively serves its mission in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Hispanic Housing Development Corporation legitimate?
Hispanic Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hispanic Housing 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: $1,290,842
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hispanic Housing Development Corporation?
The Hispanic Housing Development Corporation is dedicated to neighborhood development through affordable housing and various real estate projects. Their mission is geared towards improving living conditions for economically disadvantaged individuals and families in distressed urban and suburban areas of Chicago and Illinois. By focusing on economic development, affordable housing, urban renewal, and regeneration, the organization is making a significant impact on communities in need. Through their real estate projects, they aim to provide sustainable and affordable housing solutions, contributing to the overall revitalization of these areas.
Who is the CEO of Hispanic Housing Development Corporation?
Hipolito Roldan is the President of Hispanic Housing Development Corporation.
What is the revenue of Hispanic Housing Development Corporation?
Hispanic Housing Development Corporation's revenue in 2022 was $13,523,028.
Who are the executives of Hispanic Housing Development Corporation and what are their salaries?
The average compensation at Hispanic Housing Development Corporation during 2022 was $2,974. There are 434 employees and 9 volunteers at Hispanic Housing Development Corporation.
Here are 16 key members and their salaries:
- Compensation: $410,579
- Related: $0
- Other: $64,610
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $218,356
- Related: $0
- Other: $48,291
- Compensation: $167,672
- Related: $0
- Other: $28,243
- Compensation: $113,510
- Related: $0
- Other: $32,312
- Compensation: $155,042
- Related: $0
- Other: $28,810
- Compensation: $137,494
- Related: $0
- Other: $17,702
- Compensation: $114,379
- Related: $0
- Other: $26,659
Where can I find the form 990 for Hispanic Housing Development Corporation?
Hispanic Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hispanic Housing Development Corporation
The Hispanic Housing Development Corporation, a dedicated nonprofit organization, focuses on neighborhood development through affordable housing and various real estate projects. Situated in metropolitan Chicago and suburban areas of Illinois, this institution targets minority and economically disadvantaged individuals and families in distressed areas, striving for economic development, affordable housing, urban renewal, and gentrification.
By engaging in the development of real estate projects, the Hispanic Housing Development Corporation contributes significantly to the well-being of underprivileged communities. Their mission is multi-faceted, encompassing not only the provision of affordable housing but also contributing to the economic growth of distressed neighborhoods. Their efforts aim to uplift individuals and families, offering them the opportunity to thrive in safe and affordable environments.
In their pursuit of affordable housing, the Hispanic Housing Development Corporation takes on a vital role in the revitalization of urban areas. They create opportunities for economically disadvantaged individuals and families to secure stable housing, ultimately leading to improved overall community conditions. Through their dedication to economic development, the organization also fosters a positive impact on local economies, generating jobs and stimulating growth.
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Impact
October, 2024
Hispanic Housing Development Corporation plays a vital role in transforming communities by focusing on neighborhood development through affordable housing and various real estate projects. Its initiatives are primarily directed toward minority and economically disadvantaged individuals and families living in distressed areas of metropolitan Chicago and its suburbs. By emphasizing economic development, affordable housing, urban renewal, and regentrification, the organization not only provides shelter but also fosters stability and growth in the communities it serves.
Through these efforts, Hispanic Housing Development Corporation contributes to the revitalization of neighborhoods, helping to create environments where families can thrive. The organization not only addresses the immediate need for affordable housing but also promotes long-term economic opportunities, making a significant positive impact on the quality of life for residents. Its work is instrumental in shaping inclusive, vibrant communities that empower individuals and families to build better futures.
This information is meant to be a general summary of Hispanic Housing 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.
- Investment Income: $1,229,446
- Program Service Revenue: $8,931,205
- Gross Receipts: $14,257,153
Assets and Liabilities:
- Total Assets: $75,402,939
- Total Liabilities: $31,832,631
- Net Assets: $43,570,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT FEES
Revenue
$5,786,114
AFFORDABLE HOUSING RENTAL INCOME
Revenue
$2,423,823
DEVELOPER FEES
Revenue
$641,421
PARTNERSHIP MGMT FEES
Revenue
$79,847
Organization Details
Founding Year
1975
Phone
(312) 602-6500Principal Officer
Hipolito Roldan
Main Address
325 N WELLS 8TH FLOOR, CHICAGO, IL, 60654
NTEE Category
Code: L20 - Housing
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