Overview
What is Austin Affordable Housing Corporation?
The Austin Affordable Housing Corporation is a nonprofit organization situated in Austin, Texas, specifically at 1124 S IH 35 with a ZIP code of 78704. Their primary mission is to ensure and preserve quality, affordable housing opportunities for low- to moderate-income families within Austin. By offering a range of support services, such as educational and training programs, family counseling, and financial literacy initiatives, they promote the health and welfare of their residents. Furthermore, they provide assistance to first-time homebuyers through a down payment program for those living in public housing or the Housing Choice Voucher Program.
Official website here: www.aahcnet.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 55%, One-Star out of Four Star rating.
The Austin Affordable Housing Corporation received a low rating of 55%, indicating significant concerns regarding its accountability and financial practices. Notably, the organization lacks independent board members, which raises questions about governance and oversight. While some financial practices, such as their audit and oversight committee, are rated highly, overall transparency is hampered by missing key documents like the tax form on their website.
Despite a decent score in their liabilities to assets ratio, the program expense ratio is disappointing, reflecting that a relatively low percentage of their expenditures is directed towards programs. This raises concerns about the effectiveness and impact of their initiatives. Although they have a conflict of interest policy in place, the absence of a whistleblower policy may deter potential reporting of unethical practices.
In summary, while Austin Affordable Housing Corporation demonstrates some strengths in governance and financial oversight, the lack of independent oversight and transparency, coupled with lower program spending, limits their overall effectiveness and could impact donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Austin Affordable Housing Corporation legitimate?
Austin Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Austin Affordable Housing 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: $1,835,172
For more financial information, click here
Official website here: www.aahcnet.org
What is the mission statement of Austin Affordable Housing Corporation?
The Austin Affordable Housing Corporation is dedicated to ensuring and preserving quality, affordable housing opportunities for low- to moderate-income families. This mission extends beyond providing housing, as the organization also offers financial literacy programs and homeownership opportunities. Through educational programs, training sessions, and family counseling, the corporation promotes the health and welfare of its residents. In addition, a down payment assistance program is available to first-time homebuyers who are enrolled in public housing or the Housing Choice Voucher Program. The goal is to empower families with the knowledge and resources they need to improve their living situations and build a solid financial foundation.
Official website here: www.aahcnet.org
Who is the CEO of Austin Affordable Housing Corporation?
Ron Kowal is the Vice Preside of Austin Affordable Housing Corporation.
Official website here: www.aahcnet.org
What is the revenue of Austin Affordable Housing Corporation?
Austin Affordable Housing Corporation's revenue in 2022 was $40,972,198.
Official website here: www.aahcnet.org
Who are the executives of Austin Affordable Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $207,382
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Official website here: www.aahcnet.org
Where can I find the form 990 for Austin Affordable Housing Corporation?
Austin Affordable Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aahcnet.org
Learn more at the official website: www.aahcnet.org
Mission Statement of Austin Affordable Housing Corporation
Austin Affordable Housing Corporation, a dedicated nonprofit organization, works tirelessly to ensure and preserve quality, affordable housing opportunities for low- to moderate-income families in their community. The cornerstone of their mission is to address the housing needs of this demographic, providing them with a stable foundation where they can thrive.
Beyond offering affordable housing, Austin Affordable Housing Corporation is committed to empowering its residents through various means. They provide educational programs, training sessions, and family counseling to promote the health and welfare of their residents. These services are designed to foster self-sufficiency and improve the overall quality of life for those they serve.
Additionally, Austin Affordable Housing Corporation offers a down payment assistance program for first-time homebuyers who are residents of public housing or the Housing Choice Voucher Program. This valuable initiative helps bridge the financial gap for those looking to make the transition from renting to homeownership. The organization's comprehensive approach to addressing the housing and financial needs of its residents sets it apart as a vital resource within the community.
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Impact
October, 2024
The Austin Affordable Housing Corporation significantly impacts the community by ensuring and preserving quality, affordable housing opportunities for low- to moderate-income families in Austin. By offering a range of support services, including educational and training programs, the organization promotes the health and welfare of its residents. It focuses on enhancing financial literacy and provides resources for homeownership, notably through a down payment assistance program aimed at first-time homebuyers who are residents of public housing or the Housing Choice Voucher Program. This multifaceted approach not only addresses immediate housing needs but also empowers families with the tools and knowledge to achieve long-term stability and success.
This information is meant to be a general summary of Austin Affordable Housing 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: $28,668
- Program Service Revenue: $40,593,403
- Gross Receipts: $40,972,198
Assets and Liabilities:
- Total Assets: $189,492,836
- Total Liabilities: $96,872,051
- Net Assets: $92,620,785
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL AND OTHER INCOME
Revenue
$40,593,403
Organization Details
Founding Year
2003
Phone
(512) 477-4488Principal Officer
Ron Kowal
Main Address
1124 S IH 35, AUSTIN, TX, 78704
Website
www.aahcnet.orgNTEE Category
Code: L20 - Housing
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