Overview
What is Twin Cities Housing Development Corporation?
Twin Cities Housing Development Corporation (TCHDC) is a nonprofit organization committed to providing top-notch, affordable housing options for individuals with moderate to low income levels. Their mission is deeply rooted in respecting the communities where they build, ensuring that the housing they provide is not only affordable but also harmonious with its surroundings. TCHDC's primary goal is to offer high-quality, reasonably-priced dwellings to assist those in need of housing solutions.
Official website here: www.tchdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Twin Cities Housing Development Corporation has earned an overall rating of 84% from Charity Navigator, reflecting a solid performance primarily based on Accountability & Finance. The organization demonstrates strong governance with a fully independent board and comprehensive policies in place, including conflict of interest and whistleblower protections. Their financial oversight is robust, with no material diversion of assets noted, indicating a transparent and responsible approach to managing funds.
The organization excels particularly in its program expenses, allocating 95.42% of its budget directly to its programs, which suggests a commitment to maximizing impact. Additionally, its fiscal practices are supported by an audit and oversight committee, further enhancing its financial credibility. The board's size and independence contribute to its overall governance rating, ensuring effective oversight and decision-making.
However, the rating also highlights a concern regarding the liabilities to assets ratio, which stands at 65.37%. This indicates potential financial vulnerability, suggesting that while the organization is effectively managing its funds, there may be underlying financial risks that warrant attention. Overall, Twin Cities Housing Development Corporation displays strong accountability and commitment to its mission, though it should address its financial ratios to ensure long-term stability.
This AI summary has been generated from information found on Charity Navigator.
Is Twin Cities Housing Development Corporation legitimate?
Twin Cities Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Twin Cities 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: $253,554
Professional Fundraising Fees: $0
Other Salaries and Wages: $566,970
For more financial information, click here
Official website here: www.tchdc.org
What is the mission statement of Twin Cities Housing Development Corporation?
Twin Cities Housing Development Corporation (TCHDC) is committed to providing high-quality, affordable housing for individuals with low and moderate income levels. This mission is carried out in a manner that respects the communities where the housing is situated. The organization's primary goal is to ensure that everyone, regardless of their income, has access to decent living spaces. TCHDC's activities focus on developing and managing housing projects that cater to the needs of their target demographic, while maintaining a sense of respect and harmony within the communities they serve.
Official website here: www.tchdc.org
What is the revenue of Twin Cities Housing Development Corporation?
Twin Cities Housing Development Corporation's revenue in 2023 was $6,026,846.
Official website here: www.tchdc.org
Who are the executives of Twin Cities Housing Development Corporation and what are their salaries?
The average compensation at Twin Cities Housing Development Corporation during 2023 was $136,754. There are 6 employees and 8 volunteers at Twin Cities Housing Development Corporation.
Here are 12 key members and their salaries:
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- Compensation: $224,242
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- Other: $29,312
- Compensation: $155,788
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- Other: $27,422
- Compensation: $138,666
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- Other: $26,858
- Compensation: $127,325
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- Other: $25,152
Official website here: www.tchdc.org
Where can I find the form 990 for Twin Cities Housing Development Corporation?
Twin Cities Housing Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tchdc.org
Learn more at the official website: www.tchdc.org
Mission Statement of Twin Cities Housing Development Corporation
Twin Cities Housing Development Corporation (TCHDC) is dedicated to providing high-quality, affordable housing for individuals and families with modest incomes. This mission is grounded in a respectful approach towards the communities where the housing is situated. TCHDC's primary goal is to create housing options that cater to the needs of those who may not otherwise be able to afford decent living spaces. The corporation's work is driven by a commitment to enhancing the living conditions of low-income individuals, ensuring they have access to housing that is both suitable and respectful to the surrounding communities.
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Impact
October, 2024
Twin Cities Housing Development Corporation (TCHDC) significantly impacts the St. Paul community by providing high-quality, affordable housing for low and moderate-income individuals and families. By focusing on the need for accessible housing, TCHDC helps to alleviate the financial burden that often accompanies housing costs, thereby enhancing the quality of life for residents.
TCHDC's developments are designed to be respectful of the communities they serve, ensuring that new housing not only meets the needs of its residents but also integrates harmoniously into the neighborhood fabric. This approach fosters community stability and development, encouraging diversity and inclusive growth.
Through its efforts, TCHDC plays a crucial role in addressing housing insecurity and promoting economic mobility, helping individuals and families to establish a stable foundation from which they can thrive. The corporation's commitment to quality and respect for community values underscores its vital contribution to the well-being of residents in St. Paul and the greater Twin Cities area.
This information is meant to be a general summary of Twin Cities 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 2023.
- Investment Income: $104,031
- Program Service Revenue: $5,380,880
- Gross Receipts: $6,026,846
Assets and Liabilities:
- Total Assets: $29,828,086
- Total Liabilities: $19,500,220
- Net Assets: $10,327,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,676,831
DEVELOPMENT & MGMT FEE
Revenue
$1,374,116
PROGRAM RELATED INT
Revenue
$261,782
OTHER PROGRAM RELATED
Revenue
$68,151
Organization Details
Founding Year
1984
Principal Officer
Barbara Mcquillan
Website
www.tchdc.orgNTEE Category
Code: L20 - Housing
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