Overview
What is The College Houses?
The College Houses, based in Austin, Texas, is a nonprofit organization that has been serving the community for over five decades. Its primary mission is to provide affordable student housing, meals, and educational services to students attending the University of Texas at Austin, Austin Community College, and other area schools. This includes free access to computers and printers, as well as a diverse array of educational programs and events. The organization's unique cooperative model, which leverages collective buying and member work equity, helps keep costs low, making it an affordable option for many students. Beyond housing, College Houses offers members opportunities for social development and leadership through partnerships with local nonprofits and cooperative organizations. Its commitment to diversity ensures that its services are accessible to those who need them most. Over the years, College Houses has grown to own and operate five buildings of affordable housing units near the UT campus, providing housing to over 500 students each semester.
Official website here: www.collegehouses.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The College Houses has received an 82% rating from Charity Navigator, indicating a solid performance in accountability and finance as well as community engagement. With an accountability and finance score of 83% and a program expense ratio of 87.19%, the organization demonstrates a strong commitment to effectively utilizing its resources for its mission.
The nonprofit excels in constituent feedback, achieving a perfect score in feedback collection and usage, which reflects its dedication to engaging with and responding to the community it serves. Additionally, a high percentage of independent board members enhances its governance and oversight functions, contributing to overall organizational strength.
However, there is room for improvement in the equity strategies area, where it scored 75 out of 100. While the organization has established solid policies and practices, addressing equity could further enhance its community impact and outreach efforts. Overall, The College Houses shows a commendable level of transparency and effectiveness in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is The College Houses legitimate?
The College Houses is a legitimate nonprofit organization registered as a 501(c)(3) entity. The College Houses 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: $85,567
Professional Fundraising Fees: $0
Other Salaries and Wages: $379,864
For more financial information, click here
Official website here: www.collegehouses.org
What is the mission statement of The College Houses?
The College Houses' mission is to serve as a transformative living environment that empowers students through democratic, cooperative living. This organization provides affordable housing to foster community, support education, and promote personal development and well-being. The College Houses' distinctive cooperative model, leveraging collective buying and member work equity, allows for affordable housing while providing opportunities for social growth and leadership development. Over the years, the College Houses have grown and adapted, providing housing to over 500 students each semester and being one of the largest providers of affordable housing in the area. The organization strives to encourage diversity in its membership and provide its services to those in need most. Beyond being an affordable place to live, eat, and study, the College Houses co-ops are educational communities offering various opportunities for skill development and broadening experiences.
Official website here: www.collegehouses.org
Who is the CEO of The College Houses?
Rick Ybarra is the Chair of The College Houses.
Official website here: www.collegehouses.org
What is the revenue of The College Houses?
The College Houses's revenue in 2022 was $4,161,527.
Official website here: www.collegehouses.org
Who are the executives of The College Houses and what are their salaries?
The average compensation at The College Houses during 2022 was $21,156. There are 22 employees and 20 volunteers at The College Houses.
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Official website here: www.collegehouses.org
Where can I find the form 990 for The College Houses?
The College Houses's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.collegehouses.org
Learn more at the official website: www.collegehouses.org
Mission Statement of The College Houses
The College Houses, a transformative nonprofit organization, serves to empower students by providing an educational and living environment that fosters community, supports education, and promotes personal development and well-being. Established with the mission to maintain an environment conducive to formal and informal education, self-discovery, and exposure to various value systems, the organization operates by the cooperative method of organization. This democratic approach to economic and political activity allows for self-control, shared cost, and respect for the rights of others. The College Houses provides affordable housing to students, offering them a supportive community and a place to grow and develop into leaders in their respective fields.
Throughout its five-decade service, The College Houses has remained committed to its mission. The original College House was formed in 1964 as a student government project with the help of a $5,000 grant from the Hogg Foundation. The vision was to create a housing facility for the University of Texas (UT) students that was as vibrant and stimulating as the dorms of a small residential college. Since then, The College Houses has grown significantly, survived Austin's volatile real estate market, and now owns and operates five buildings of affordable housing units near the UT campus. The organization provides housing to over 500 students attending various area schools, with its housing being affordable below 50% MFI. The College Houses is more than just an affordable place to live, eat, and study; it is an educational community that provides numerous opportunities for members to hone their skills and broaden their experiences.
In conclusion, The College Houses is a transformative nonprofit organization that empowers students through democratic, cooperative living. The organization provides affordable housing, fostering community, supporting education, and promoting personal development and well-being. With a strong foundation and a rich history, The College Houses continues to strive to expand and improve its services, preserving and expanding its affordable housing while innovating new programs and working with partner organizations to achieve its vision for a better community.
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Impact
July, 2024
The College Houses have a significant impact on the Austin community by providing affordable housing, meals, and educational services to students attending various local schools, primarily the University of Texas at Austin. Through their distinctive cooperative model, they offer a unique opportunity for students to develop socially and become leaders in the community. The organization's commitment to promoting personal growth, well-being, cooperation, and economic independence reflects in their mission to create a transformative educational and living environment.
By offering affordable housing options below 50% MFI and some even below 30% MFI, The College Houses play a crucial role in addressing the housing needs of students in the area. They are recognized as one of the largest providers of affordable housing in the University of Texas vicinity, ensuring that their services are accessible to those who need them the most.
Furthermore, the College Houses go beyond just providing housing and meals; they create educational communities where members can learn and grow through formal and informal opportunities. By involving students in various roles within the cooperative, such as kitchen managers, meeting chairs, and food buyers, they equip members with essential skills like planning, financial management, leadership, and decision-making. Many students have reported gaining valuable skills in the co-op communities that set them apart in their future careers.
As Austin continues to grow and face affordability challenges, The College Houses remain committed to expanding and enhancing their services. Their collaborative approach with partner organizations and dedication to innovation highlight their ongoing efforts to create a better community for all.
This information is meant to be a general summary of The College Houses. 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: $4,307
- Program Service Revenue: $3,995,786
- Gross Receipts: $4,161,527
Assets and Liabilities:
- Total Assets: $14,783,573
- Total Liabilities: $12,130,260
- Net Assets: $2,653,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM RENTALS
Revenue
$3,745,242
MEMBER CHARGES AND DUE
Revenue
$250,544
Organization Details
Founding Year
1965
Phone
(512) 476-5678Principal Officer
Rick Ybarra
Main Address
1906 PEARL ST, AUSTIN, TX, 78705
Website
www.collegehouses.orgNTEE Category
Code: B80Z - Education
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