Overview
What is Hhadc Incorporated?
Hhadc Incorporated is a nonprofit organization committed to offering affordable housing solutions. Based on the provided information, they operate two primary housing facilities, Hampton Shell Gardens and Monterey apartments, catering to low and moderate income families. Beyond these, they extend their housing opportunities further to accommodate various income brackets. Their mission is centered around making housing accessible and affordable for those in need, contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Hhadc Incorporated has achieved a strong Four-Star out of Four Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With an impressive overall score of 94%, the organization demonstrates robust governance practices, including a fully independent board and comprehensive policies addressing conflicts of interest and whistleblowing.
The financial metrics of Hhadc Incorporated are notably strong, with a program expense ratio of 99.43%, indicating that nearly all of its expenditures are directed toward its programs rather than administrative costs. The organization's liabilities to assets ratio stands at 39.22%, suggesting a solid financial position and prudent management of its resources.
Overall, Hhadc Incorporated exemplifies effective nonprofit management, with strong oversight and minimal risk of asset diversion. There are no significant limitations noted in the data, making it a highly commendable option for donors seeking to support a well-managed charity.
This AI summary has been generated from information found on Charity Navigator.
Is Hhadc Incorporated legitimate?
Hhadc Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hhadc Incorporated 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: $0
For more financial information, click here
What is the mission statement of Hhadc Incorporated?
Hhadc Incorporated, as an organization, is dedicated to providing affordable housing solutions. They accomplish this through initiatives such as Hampton Shell Gardens and Monterey apartments, along with other housing options, specifically catering to families with moderate and low incomes. The mission of Hhadc Incorporated revolves around making housing accessible and affordable for those who may struggle financially.
Who is the CEO of Hhadc Incorporated?
Nancy Burleson is the President of Hhadc Incorporated.
What is the revenue of Hhadc Incorporated?
Hhadc Incorporated's revenue in 2022 was $815,408.
Who are the executives of Hhadc Incorporated and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $174,804
- Other: $41,861
- Compensation: $0
- Related: $155,602
- Other: $32,153
- Compensation: $0
- Related: $94,443
- Other: $9,287
Where can I find the form 990 for Hhadc Incorporated?
Hhadc Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hhadc Incorporated
Hhadc Incorporated, as a nonprofit organization, is dedicated to providing affordable housing solutions for families with low and moderate incomes. They accomplish this mission through the operation of Hampton Shell Gardens and Monterey apartments, as well as offering additional housing opportunities. By offering these affordable housing solutions, Hhadc Incorporated plays a crucial role in ensuring that families in need have a secure place to call home. By doing so, the organization contributes to the well-being and stability of these families, enabling them to focus on other aspects of their lives.
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Impact
July, 2024
Hhadc Incorporated's impact lies in its provision of affordable housing for low and moderate-income families in Hampton, VA. Through initiatives like Hampton Shell Gardens and Monterey apartments, Hhadc offers housing opportunities that contribute to the stability and well-being of individuals and families in need. By addressing the pressing issue of housing affordability, Hhadc plays a crucial role in enhancing the quality of life for community members and promoting economic security.
This information is meant to be a general summary of Hhadc Incorporated. 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: $815,408
- Gross Receipts: $815,408
Assets and Liabilities:
- Total Assets: $3,164,487
- Total Liabilities: $1,241,353
- Net Assets: $1,923,134
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Revenue
Revenue
$773,899
Other Revenue
Revenue
$41,509
Organization Details
Founding Year
1993
Phone
(757) 727-6337Principal Officer
Nancy Burleson
Main Address
PO Box 280, Hampton, VA, 236690280
NTEE Category
Code: L99 - Housing
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