Overview
What is El Redentor Apartments Ii Inc?
El Redentor Apartments II Inc is a nonprofit organization situated in Houston, Texas, with an address at 8815 Frey Road, 77034. Their primary mission is to provide housing for low-income elderly individuals, as per Section 202 of the National Housing Act. They have entered into an agreement with the Department of Housing and Urban Development (HUD) to fulfill this objective. The organization's mission is to ensure that elderly individuals with limited income have access to safe and comfortable living spaces, contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
El Redentor Apartments II Inc has a solid rating of 80%, which reflects a strong focus on accountability and finance. The charity is rated entirely on its financial practices, demonstrating a commitment to responsible management of resources. An important aspect of their governance includes having a fully independent board, contributing positively to their overall score.
The organization excels in key areas, including a high program expense ratio of 96.98%, indicating that the majority of their funds are directed towards their programs rather than administrative costs. Furthermore, they have no material diversion of assets and a robust conflict of interest policy in place, showcasing transparency and ethical practices in their operations.
While the ratings are favorable, they are based solely on financial metrics without consideration of outcomes or impact from programs. This limitation suggests that while the charity is financially sound, further information would be beneficial to assess the effectiveness of their initiatives. Overall, El Redentor Apartments II Inc demonstrates sound financial stewardship and governance.
This AI summary has been generated from information found on Charity Navigator.
Is El Redentor Apartments Ii Inc legitimate?
El Redentor Apartments Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Redentor Apartments Ii Inc 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: $61,834
For more financial information, click here
What is the mission statement of El Redentor Apartments Ii Inc?
El Redentor Apartments II Inc. is dedicated to providing housing for low-income elderly individuals, in accordance with Section 202 of the National Housing Act. They do this under an agreement with the Department of Housing and Urban Development (HUD). Their primary goal is to offer a residential space that caters to the needs of this specific demographic, ensuring they have access to comfortable and affordable housing. This mission is crucial in supporting the well-being and independence of elderly individuals with limited financial resources. The organization's commitment to this cause helps enhance the quality of life for this vulnerable population.
Who is the CEO of El Redentor Apartments Ii Inc?
Hector M Velazquez is the Director of El Redentor Apartments Ii Inc.
What is the revenue of El Redentor Apartments Ii Inc?
El Redentor Apartments Ii Inc's revenue in 2023 was $187,041.
Who are the executives of El Redentor Apartments Ii Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for El Redentor Apartments Ii Inc?
El Redentor Apartments Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of El Redentor Apartments Ii Inc
El Redentor Apartments II Inc is an organization dedicated to providing housing for low-income elderly individuals. Under the agreement with the Department of Housing and Urban Development, this nonprofit operates under Section 202 of the National Housing Act. The mission of El Redentor Apartments II Inc is to create a living environment that caters specifically to the needs of elderly individuals who are financially disadvantaged. This housing solution aims to provide them with a secure and comfortable space to call home. The organization's efforts contribute to enhancing the quality of life for these elderly individuals, ensuring they have access to suitable housing and the necessary support they require.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
El Redentor Apartments Ii Inc plays a significant role in the Houston community by providing stable and affordable housing for low-income elderly individuals. By operating under Section 202 of the National Housing Act, the organization ensures that senior citizens have access to safe and suitable living conditions, which is crucial for their well-being and quality of life.
The housing provided helps to address issues of homelessness and housing insecurity among the elderly population, allowing residents to age in place with dignity. This initiative not only alleviates the financial burdens that often accompany housing expenses but also fosters a sense of community among residents, which can greatly improve their mental and social health.
Additionally, by collaborating with the Department of Housing and Urban Development (HUD), El Redentor Apartments Ii Inc contributes to broader efforts aimed at creating sustainable housing solutions for vulnerable populations. The impact of their work extends beyond individual residents to influence the overall health and vibrancy of the community in Houston, promoting inclusivity and social support for older adults.
This information is meant to be a general summary of El Redentor Apartments Ii Inc. 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.
- Program Service Revenue: $187,041
- Gross Receipts: $187,041
Assets and Liabilities:
- Total Assets: $1,105,661
- Total Liabilities: $24,261
- Net Assets: $1,081,400
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF HSG TO ELDERLY
Revenue
$187,041
Organization Details
Founding Year
2001
Phone
(713) 910-0102Principal Officer
Hector M Velazquez
Main Address
8815 FREY RD, HOUSTON, TX, 77034
NTEE Category
Code: L210 - Housing
If you are a representative of El Redentor Apartments Ii Inc 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.