Overview
What is Affordable Homes Of South Texas Inc?
Affordable Homes of South Texas Inc, situated in McAllen, Texas, is a dedicated nonprofit organization. Established with the mission to serve low-income families, it provides mortgage loans for the purchase of new homes and the rehabilitation of existing homes. This initiative aims to contribute to the community by making housing more accessible. The organization operates within the City of McAllen and Hidalgo County, and employs a workforce of 80 individuals, demonstrating its commitment to this vital cause.
Official website here: www.ahsti.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 94% (Four-Star out of Four Stars)**tar)**
Affordable Homes of South Texas Inc. has achieved a stellar 94% rating on Charity Navigator, reflecting its strong performance in accountability and financial management. Notably, the organization boasts an independent board with complete compliance in key governance areas, such as conflict of interest policies and whistleblower protections. Its program expense ratio of 76.97% indicates a significant commitment to its mission, directing a majority of its financial resources toward programmatic efforts.
The organization has not only demonstrated fiscal responsibility through a comprehensive audit and oversight process but also actively implements equity strategies, scoring 89 out of 100 points in this area. These measures reflect a solid commitment to transparency and community engagement, enhancing its credibility in the nonprofit sector.
However, while the financial and governance metrics are impressive, there are limitations noted regarding the lack of an impact and measurement score, which may affect the overall assessment of its effectiveness in achieving its goals. Overall, Affordable Homes of South Texas Inc. exemplifies strong governance and fiscal health, while continued efforts in measuring its impact could improve its standing further.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Homes Of South Texas Inc legitimate?
Affordable Homes Of South Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Homes Of South Texas Inc 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: $424,757
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,144,001
For more financial information, click here
Official website here: www.ahsti.org
What is the mission statement of Affordable Homes Of South Texas Inc?
Affordable Homes Of South Texas Inc is dedicated to providing housing solutions for low-income families. Their primary objective is to assist qualified individuals in acquiring new homes or improving existing ones through mortgage loans. The organization's purpose is centered around promoting home ownership within vulnerable economic segments of the society. By offering mortgage loans, Affordable Homes Of South Texas Inc aims to contribute to the betterment of living conditions for its beneficiaries.
Official website here: www.ahsti.org
Who is the CEO of Affordable Homes Of South Texas Inc?
Robert Calvillo is the President of Affordable Homes Of South Texas Inc.
Official website here: www.ahsti.org
What is the revenue of Affordable Homes Of South Texas Inc?
Affordable Homes Of South Texas Inc's revenue in 2023 was $9,808,440.
Official website here: www.ahsti.org
Who are the executives of Affordable Homes Of South Texas Inc and what are their salaries?
The average compensation at Affordable Homes Of South Texas Inc during 2023 was $32,109. There are 80 employees and 28 volunteers at Affordable Homes Of South Texas Inc.
Here are 14 key members and their salaries:
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- Compensation: $170,719
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- Other: $16,745
- Compensation: $105,658
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- Other: $9,457
- Compensation: $109,129
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- Other: $13,049
Official website here: www.ahsti.org
Where can I find the form 990 for Affordable Homes Of South Texas Inc?
Affordable Homes Of South Texas Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ahsti.org
Learn more at the official website: www.ahsti.org
Mission Statement of Affordable Homes Of South Texas Inc
Affordable Homes of South Texas, Inc., as a nonprofit organization, is committed to providing housing solutions for low-income families. With a clear-cut purpose, this organization aims to make homes available for qualified families residing in McAllen, Texas, and Hidalgo County, Texas. In essence, Affordable Homes of South Texas, Inc. serves as a beacon of hope for families who struggle financially, offering them the opportunity to secure mortgage loans for the purchase of new homes or the rehabilitation of existing ones. This initiative not only ensures that these families have a place to call their own but also contributes to the overall well-being and stability of the community.
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Impact
July, 2024
Affordable Homes of South Texas Inc provides vital support to low-income families in McAllen and Hidalgo County by offering mortgage loans for new home purchases and home rehabilitation. Their impact is significant in addressing the affordable housing needs of the community, helping families achieve homeownership and improve their living conditions. This organization plays a crucial role in promoting stability and well-being among low-income families in the region.
This information is meant to be a general summary of Affordable Homes Of South Texas Inc. 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 2023.
- Investment Income: $158,787
- Program Service Revenue: $3,887,268
- Gross Receipts: $16,066,987
Assets and Liabilities:
- Total Assets: $113,916,339
- Total Liabilities: $59,276,512
- Net Assets: $54,639,827
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest
Revenue
$3,333,749
Late & processing fees
Revenue
$167,597
Refunds & reimbursements
Revenue
$161,812
Contract fees
Revenue
$224,110
Organization Details
Founding Year
1976
Phone
(956) 687-6263Principal Officer
Robert Calvillo
Main Address
1420 Erie, McAllen, TX, 78501
Website
www.ahsti.orgNTEE Category
Code: L20 - Housing
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