Overview
What is Sa Hogar Inc?
Sa Hogar Inc is a nonprofit organization established in Texas, specifically in San Antonio. Their primary mission is to provide affordable housing, focusing on accommodating the elderly and disabled individuals. They adhere to a non-discriminatory policy, ensuring equal opportunities for all based on need. Their project, a 48-unit apartment complex, operates under the provisions of the National Affordable Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD). The project is funded by Section 8 Housing Assistance Payments and a Significant Direct Loan from HUD, and it is required to operate under these provisions for a minimum of 40 years. The partnership with HUD ensures that eligible families receive housing assistance payments. In essence, Sa Hogar Inc is dedicated to promoting social well-being and providing adequate, affordable housing for low to moderate-income families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star Rating)
Sa Hogar Inc has received a 67% score from Charity Navigator, indicating a Two-Star rating. This score suggests that while the organization demonstrates some strengths in accountability and finance, there are areas that require improvement. A significant strength highlighted is the high level of independence among board members, which has been fully achieved with 100% independent members. Additionally, the organization has a strong program expense ratio, indicating that a large portion of its expenses are directed towards its programs.
However, the organization faces challenges, particularly reflected in its liabilities to assets ratio of 104.75%, which raises concerns about financial stability. This high ratio suggests that the organization has more liabilities than assets, which may hinder its long-term sustainability. While Sa Hogar Inc displays transparency through the documentation of board meeting minutes and has an effective audit and oversight committee, the financial health indicated by the liabilities to assets ratio warrants careful consideration from potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Sa Hogar Inc legitimate?
Sa Hogar Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sa Hogar 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,323
For more financial information, click here
What is the mission statement of Sa Hogar Inc?
Sa Hogar Inc's mission is focused on providing homes for the elderly and individuals with disabilities, promoting their social well-being, and upholding their dignity on a non-discriminatory basis. This is done by prioritizing housing needs and ensuring that it is provided in a manner that respects their dignity. The organization aims to offer adequate housing for low and moderate-income families, operating under the provisions of the National Affordable Housing Act and regulated by the U.S. Department of Housing and Urban Development (HUD). Sa Hogar Inc's apartment complex in San Antonio, Texas, is subject to Section 8 Housing Assistance Payments agreements with HUD, and a significant portion of its rental income comes from HUD.
Who is the CEO of Sa Hogar Inc?
Lynn Stewart is the Member of Sa Hogar Inc.
What is the revenue of Sa Hogar Inc?
Sa Hogar Inc's revenue in 2022 was $533,011.
Who are the executives of Sa Hogar Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Sa Hogar Inc?
Sa Hogar Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sa Hogar Inc
Sa Hogar Inc, a nonprofit organization, is dedicated to providing homes for the elderly and individuals with disabilities. It promotes their social well-being on a non-discriminatory basis, prioritizing those in need while respecting their dignity. The organization strives to offer suitable housing for low and moderate-income families, operating with integrity and commitment.
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Impact
July, 2024
Sa Hogar Inc's impact is significant in providing homes for the elderly and/or handicapped individuals in San Antonio, Texas. The organization operates an apartment complex of 48 units under the provisions of the National Affordable Housing Act, regulated by the U.S. Department of Housing and Urban Development (HUD). Sa Hogar Inc plays a crucial role in promoting social well-being, providing adequate housing for low and moderate-income families, and ensuring dignity and respect for all individuals in need of housing assistance.
This information is meant to be a general summary of Sa Hogar 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 2022.
- Investment Income: $795
- Program Service Revenue: $532,216
- Gross Receipts: $533,011
Assets and Liabilities:
- Total Assets: $1,214,722
- Total Liabilities: $1,272,527
- Net Assets: -$57,805
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$532,216
Organization Details
Founding Year
1979
Phone
(210) 531-0577Principal Officer
Lynn Stewart
Main Address
PO BOX 10278, SAN ANTONIO, TX, 78210
NTEE Category
Code: L22 - Housing
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