Overview
What is Hill Country Cottages Inc?
Hill Country Cottages Inc is a nonprofit organization situated in Dripping Springs, Texas. Its primary mission is to provide affordable housing for low-income elderly and disabled individuals, enabling them to live independently, securely, and within their means in Hays County. The organization's activities focus on ensuring the well-being and safety of its residents, allowing them to maintain their independence while alleviating financial burdens. With a small team of dedicated individuals, Hill Country Cottages Inc plays a significant role in supporting the local community by offering housing solutions tailored to the unique needs of its elderly and disabled population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Hill Country Cottages Inc has received a low rating of 58%, indicating concerns about its accountability and financial practices. While the organization excels in areas such as having a majority independent board and ensuring no diversion of assets, it faces significant issues, particularly in financial transparency and governance policies.
The charity's program expense ratio is commendable at 100%, signifying that all of its expenses are directed towards its programs. However, the liabilities to assets ratio stands at 113.04%, raising red flags about financial stability. Furthermore, the absence of key governance policies, including conflict of interest and whistleblower policies, suggests potential risks in organizational management.
Overall, while Hill Country Cottages Inc demonstrates strong program commitment, it must address its financial and governance deficiencies to improve its rating and enhance donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Hill Country Cottages Inc legitimate?
Hill Country Cottages Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hill Country Cottages 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: $22,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hill Country Cottages Inc?
Hill Country Cottages Inc's mission is centered around providing housing for individuals who are both elderly and disabled with low income. This housing is designed to empower them to live independently, ensuring their safety and security while they manage their financial resources effectively. The organization's goal is to enable these individuals to reside within their means, thereby enhancing their quality of life in the community.
Who is the CEO of Hill Country Cottages Inc?
Lorinda Preslar is the Treasurer of Hill Country Cottages Inc.
What is the revenue of Hill Country Cottages Inc?
Hill Country Cottages Inc's revenue in 2022 was $78,397.
Who are the executives of Hill Country Cottages Inc and what are their salaries?
The average compensation at Hill Country Cottages Inc during 2022 was $22,500. There is 1 employee at Hill Country Cottages Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Hill Country Cottages Inc?
Hill Country Cottages Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hill Country Cottages Inc
Hill Country Cottages Inc, a nonprofit organization, is dedicated to providing housing solutions for low-income elderly and disabled individuals. Their mission is to enable these individuals to live independently, safely, and securely within their financial means. By offering suitable housing, Hill Country Cottages Inc aims to empower these individuals, allowing them to maintain their autonomy and dignity. The organization's housing provisions are tailored to meet the unique needs of this demographic, ensuring they can lead fulfilling lives with a sense of stability and comfort.
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Impact
August, 2024
Hill Country Cottages Inc's impact is significant in providing housing for low-income elderly and disabled individuals in the Hays County community. By offering a place for these individuals to live independently, safely, securely, and within their financial means, the organization plays a crucial role in improving their quality of life. Through its dedicated efforts, Hill Country Cottages Inc enables these vulnerable populations to have a stable and supportive living environment, ultimately enhancing their well-being and dignity.
This information is meant to be a general summary of Hill Country Cottages 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: $7
- Program Service Revenue: $53,828
- Gross Receipts: $78,397
Assets and Liabilities:
- Total Assets: $81,101
- Total Liabilities: $81,607
- Net Assets: -$506
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL FEES
Revenue
$53,798
MEMBERSHIP DUES
Revenue
$30
Organization Details
Founding Year
1982
Principal Officer
Lorinda Preslar
Main Address
PO Box 366, Dripping Springs, TX, 78620
NTEE Category
Code: L22 - Housing
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