Overview
What is Equity Community Development?
Equity Community Development, based in Austin, Texas, is a dedicated nonprofit organization focused on improving housing conditions in primarily rural and underserved areas of the state. They collaborate with local governments and low-income communities to develop and manage housing programs. In 2022, they successfully completed accessibility modifications and rehabilitations of 9 low-income homes through the Amy Young Barrier Removal Program, funded by the Texas Department of Housing and Community Affairs. This work was provided as grants to the homeowners, with no revenue generation involved. Their mission is to enhance the living conditions of low-income individuals, contributing to a total workforce of 7 employees.
Official website here: www.equitycdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
Equity Community Development has received a solid score of 85%, reflecting strong accountability and financial health within the organization. This score is based entirely on its Accountability & Finance metrics, which suggest that the charity is well-managed and transparent in its operations. Notably, the organization boasts a fully independent board, which is crucial for effective governance.
The charity displays commendable practices including the absence of material diversion of assets and the presence of key governance policies like conflict of interest and whistleblower policies. Additionally, a high program expense ratio of 80.64% indicates that a significant portion of its budget is allocated to its programs rather than administrative costs, which is a positive sign for potential donors.
Despite these strengths, the rating is limited to just the Accountability & Finance beacon, meaning there may be other aspects of the charity's performance that are not evaluated in this score. Overall, the information suggests that Equity Community Development is a trustworthy organization with solid financial practices, although potential donors may want to investigate further into its programmatic effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Equity Community Development legitimate?
Equity Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Equity Community Development 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $112,894
For more financial information, click here
Official website here: www.equitycdc.org
What is the mission statement of Equity Community Development?
Equity Community Development's mission is centered around collaborating with local governments and low-income communities to develop and manage housing programs. This includes the rehabilitation, reconstruction, or construction of affordable housing in predominantly rural and underserved areas. The organization's primary goal is to improve the living conditions of these communities, focusing on underserved areas in Texas. Equity Community Development achieves this mission by receiving funding from government entities and providing grants to homeowners for necessary modifications and renovations on their properties. This work is done to ensure that low-income homeowners in these areas have safe and accessible housing, thereby enhancing their quality of life. In summary, Equity Community Development's mission is to improve housing conditions for low-income individuals in underserved areas through partnerships with local governments and direct financial assistance.
Official website here: www.equitycdc.org
Who is the CEO of Equity Community Development?
Robert Stevenson is the Executive Director of Equity Community Development.
Official website here: www.equitycdc.org
What is the revenue of Equity Community Development?
Equity Community Development's revenue in 2022 was $496,834.
Official website here: www.equitycdc.org
Who are the executives of Equity Community Development and what are their salaries?
The average compensation at Equity Community Development during 2022 was $28,271. There are 7 employees and 2 volunteers at Equity Community Development.
Here are 5 key members and their salaries:
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.equitycdc.org
Where can I find the form 990 for Equity Community Development?
Equity Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.equitycdc.org
Learn more at the official website: www.equitycdc.org
Mission Statement of Equity Community Development
Equity Community Development, as an organization, is dedicated to collaborating with local governments and low-income individuals to develop and manage housing programs. Their primary focus is on enhancing, reconstructing, or constructing new low-income housing units in rural and underserved regions across Texas. The mission of Equity Community Development is to contribute to the betterment of these communities by providing essential housing solutions for its residents. They achieve this by working closely with the government and the community, ensuring that the needs of the low-income population are met effectively. In FY 2022, Equity Community Development successfully completed accessibility modifications and rehabilitations of 9 low-income, single-family homes in Val Verde, Maverick, and Williamson Counties, funded by the Texas Department of Housing and Community Affairs (TDHCA). This initiative further underscores Equity Community Development's commitment to their mission of improving housing conditions for low-income families in Texas.
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Impact
July, 2024
Equity Community Development's impact includes successfully completing accessibility modifications and rehabilitations of 9 low-income, single-family, owner-occupied homes in rural and underserved areas of Texas. This was achieved through the Amy Young Barrier Removal Program, which provided funding from the Texas Department of Housing and Community Affairs. By working with units of government and low-income individuals, Equity CDC is able to create, develop, and administer housing programs that support the rehabilitation, reconstruction, or new construction of low-income housing. This directly benefits individuals and families in need, contributing to improved living conditions and greater accessibility within communities.
This information is meant to be a general summary of Equity Community Development. 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.
- Gross Receipts: $496,834
Assets and Liabilities:
- Total Assets: $19,337
- Total Liabilities: $34,339
- Net Assets: -$15,002
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Organization Details
Founding Year
2012
Phone
(512) 731-0445Principal Officer
Robert Stevenson
Main Address
1421 Yorkshire Dr, Austin, TX, 78723
Website
www.equitycdc.orgNTEE Category
Code: L80 - Housing
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