Overview
What is Texas Inter-Faith Housing Corporation?
Texas Inter-Faith Housing Corporation is a nonprofit organization with a rich history of 50 years. Their primary mission is to provide affordable housing solutions for low-income families. With a diverse and forward-thinking team, they bring a balanced perspective and flexible programs to their work. Their expertise and proven business practices allow them to develop and manage affordable housing projects, as well as offer resident services. These initiatives aim to positively impact communities and transform lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Texas Inter-Faith Housing Corporation has received a score of 76%, reflecting its commitment to accountability and finance. This rating is derived solely from its Accountability & Finance score, which indicates a strong financial management structure. Notably, the organization has a high percentage of independent board members and demonstrates effective oversight through its audit and oversight committee.
While the organization excels in many areas, including having no material diversion of assets and a solid liabilities to assets ratio, it has some shortcomings. Specifically, the absence of a whistleblower policy and a document retention and destruction policy are noted as areas needing improvement. Additionally, the program expense ratio at just under 62% suggests that there may be room for enhancing the allocation of resources towards programmatic activities.
Overall, Texas Inter-Faith Housing Corporation shows a solid financial foundation and governance structure, yet it can strengthen its policies to support transparency and accountability further. The organization appears to be on a positive trajectory, focusing on improving its operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Inter-Faith Housing Corporation legitimate?
Texas Inter-Faith Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Inter-Faith 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.
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What is the mission statement of Texas Inter-Faith Housing Corporation?
Texas Inter-Faith Housing Corporation's mission is centered around providing affordable housing for low-income families. With over half a century of experience, the organization brings a unique approach to community impact, offering a balanced perspective, flexible programs, and a diverse team. Their mission is to deliver affordable housing development and property management services, as well as resident support, aiming to enhance communities and positively transform lives.
Who is the CEO of Texas Inter-Faith Housing Corporation?
Chasity Elizondo is the Principal Officer of Texas Inter-Faith Housing Corporation.
What is the revenue of Texas Inter-Faith Housing Corporation?
Texas Inter-Faith Housing Corporation's revenue in 2022 was $1,268,585.
Who are the executives of Texas Inter-Faith Housing Corporation and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Texas Inter-Faith Housing Corporation?
Texas Inter-Faith Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Texas Inter-Faith Housing Corporation
Texas Inter-Faith Housing Corporation, with its half-century of experience, is dedicated to improving communities and enriching the lives of their residents. They achieve this mission by offering a balanced perspective, flexible programs, and a diverse team of staff and board members. Their specialization lies in delivering affordable housing development and property management services, along with resident services. These initiatives aim to contribute positively to communities and provide a meaningful impact on the lives of low-income families. The corporation's expertise, reputation, and proven business practices enable them to deliver effective and sustainable programs that cater to the unique needs of the communities they serve.
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Impact
July, 2024
Texas Inter-Faith Housing Corporation has a significant impact on low-income families in Houston, TX, by providing affordable housing opportunities. With over 50 years of experience, they have developed specialized expertise, a strong reputation, and proven business practices that improve communities and change lives. Through their affordable housing development and property management programs, as well as resident services, Inter-Faith Group offers a balanced perspective, flexible programs, and a diverse staff and board, ultimately making a positive difference in the lives of those they serve.
This information is meant to be a general summary of Texas Inter-Faith 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: $330,812
- Program Service Revenue: $937,773
- Gross Receipts: $1,268,585
Assets and Liabilities:
- Total Assets: $16,442,693
- Total Liabilities: $524,796
- Net Assets: $15,917,897
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$589,453
MANAGEMENT REVENUE
Revenue
$293,547
MISCELLANEOUS INCOME
Revenue
$54,760
INCOME FROM UNCONSLIDATED SUBSIDIARY
Revenue
$13
Organization Details
Phone
(713) 526-6634Principal Officer
Chasity Elizondo
Main Address
3701 Kirby Drive Suite 860, Houston, TX, 77098
NTEE Category
Code: L200 - Housing
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