Overview
What is Mcallen Housing Development Corporation?
The Mcallen Housing Development Corporation, situated in MCALLEN, Texas at 1200 North 25th St, serves as an instrumental tool for the Housing Authority of The City of McAllen. Their primary objective is to offer decent, secure, and affordable housing options to eligible low-income individuals. Simultaneously, they aim to encourage family self-sufficiency. As a nonprofit entity, they function within their community, providing housing solutions in line with their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating.
The Mcallen Housing Development Corporation has achieved a high level of accountability and finance, reflected in its 94% score. This rating is significant as it indicates the organization is transparent and effectively manages its resources. With a focus entirely on financial reporting, the organization has demonstrated strong governance and fiscal responsibility, which are crucial for donor trust and support.
The nonprofit boasts a fully independent board, with all members meeting the criteria for independence. Additionally, it has implemented robust policies, including conflict of interest and whistleblower protections, which further enhance its credibility. The organization has also shown no material diversion of assets, highlighting its commitment to integrity in financial practices.
While the rating is highly favorable, the data primarily focuses on financial metrics. This means that while the organization excels in accountability, potential donors may want to explore the effectiveness of its programs and services in addressing housing development needs in the community for a more comprehensive understanding of its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mcallen Housing Development Corporation legitimate?
Mcallen Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcallen 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:
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What is the mission statement of Mcallen Housing Development Corporation?
The Mcallen Housing Development Corporation serves as an instrumental tool in providing decent, secure, and affordable housing for eligible low-income individuals. Its primary objective is to promote self-sufficiency within families, working hand in hand with this mission. The corporation aims to enhance the living conditions of its beneficiaries while fostering an environment that encourages personal growth and independence. By offering housing solutions, the corporation contributes to the betterment of the community as a whole.
Who is the CEO of Mcallen Housing Development Corporation?
Rodolfo Ramriez is the Principal Officer of Mcallen Housing Development Corporation.
What is the revenue of Mcallen Housing Development Corporation?
Mcallen Housing Development Corporation's revenue in 2022 was $578,827.
Who are the executives of Mcallen Housing Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Mcallen Housing Development Corporation?
Mcallen Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcallen Housing Development Corporation
McAllen Housing Development Corporation, serving as an auxiliary of the Housing Authority of The City of McAllen, is dedicated to providing decent, secure, and economical housing options for eligible low-income individuals. This nonprofit organization's mission is multifaceted, aiming not only to offer suitable housing but also to promote self-sufficiency within families. By doing so, McAllen Housing Development Corporation plays a significant role in uplifting its community, providing a foundation for families to stabilize and thrive.
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Impact
July, 2024
Mcallen Housing Development Corporation's impact is significant in providing decent, safe, and affordable housing to eligible low-income individuals in McAllen, Texas. By working in conjunction with the Housing Authority of the City of McAllen, the corporation plays a crucial role in promoting family self-sufficiency. Their mission focuses on addressing the housing needs of the community and ensuring that individuals have a stable and suitable living environment. Through their efforts, they contribute to enhancing the quality of life for those in need of affordable housing in McAllen.
This information is meant to be a general summary of Mcallen 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.
- Program Service Revenue: $578,827
- Gross Receipts: $578,827
Assets and Liabilities:
- Total Assets: $2,804,894
- Total Liabilities: $62,770
- Net Assets: $2,742,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low-Rental Housing
Revenue
$532,313
Non-Dwelling Revenue
Revenue
$46,514
Organization Details
Founding Year
2014
Phone
(956) 686-3951Principal Officer
Rodolfo Ramriez
Main Address
1200 North 25th St, MCALLEN, TX, 78501
NTEE Category
Code: L80 - Housing
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