Overview
What is Azteca Economic Development And Preservation Corporation?
The Azteca Economic Development and Preservation Corporation, situated in Laredo, Texas, is a nonprofit organization dedicated to enhancing the living conditions of low-income families. With a mission to provide decent, safe, and affordable housing, the corporation focuses on economic development and historical preservation in one of the most impoverished areas of the United States. Their team of 7 dedicated employees works tirelessly towards this cause, contributing to the betterment of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Azteca Economic Development And Preservation Corporation has received a three-star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization scored 82%, reflecting a solid commitment to transparent financial practices and effective governance. The rating is primarily based on their accountability and finance metrics, showcasing the charity's dedication to responsible management of its resources.
The organization boasts a fully independent board, with all eight members being independent, which enhances its governance structure. Its financial health is commendable, with a low liabilities to assets ratio of 0.56% and a program expense ratio of 82.05%, demonstrating that the majority of its expenses are directed towards its programs. Additionally, the charity has implemented robust oversight mechanisms, as evidenced by its audit and oversight committee performance.
Limitations are not noted in the available data, but the overall score indicates that while the organization is performing well in governance and financial accountability, there may be areas for improvement in other operational aspects that are not captured in this specific rating. Overall, Azteca Economic Development And Preservation Corporation appears to be a responsible and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Azteca Economic Development And Preservation Corporation legitimate?
Azteca Economic Development And Preservation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Azteca Economic Development And Preservation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,186
For more financial information, click here
What is the mission statement of Azteca Economic Development And Preservation Corporation?
The Azteca Economic Development and Preservation Corporation's mission is centered around enhancing the living conditions of low-income families. This is achieved by providing them with decent, safe, and affordable housing options. The corporation also focuses on the economic development and historical preservation of low-income housing, contributing to one of the most underserved areas in the United States. In essence, the organization strives to make a significant impact in improving the living standards of economically disadvantaged families by offering them secure and reasonably priced housing solutions.
Who is the CEO of Azteca Economic Development And Preservation Corporation?
Rafael Torres is the Vice Preside of Azteca Economic Development And Preservation Corporation.
What is the revenue of Azteca Economic Development And Preservation Corporation?
Azteca Economic Development And Preservation Corporation's revenue in 2022 was $544,036.
Who are the executives of Azteca Economic Development And Preservation Corporation and what are their salaries?
The average compensation at Azteca Economic Development And Preservation Corporation during 2022 was $32,027. There are 7 employees at Azteca Economic Development And Preservation Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Azteca Economic Development And Preservation Corporation?
Azteca Economic Development And Preservation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Azteca Economic Development And Preservation Corporation
Azteca Economic Development and Preservation Corporation is dedicated to enhancing the living conditions of low-income families. At the heart of its mission is the provision of decent, safe, and affordable housing, addressing a significant need in a disadvantaged area of the United States. This nonprofit organization is not only focused on improving the living standards of these families but also aims to preserve the historical significance of the area through its economic development activities.
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Impact
July, 2024
Azteca Economic Development And Preservation Corporation makes a significant impact by improving the living conditions of low-income families in one of the most impoverished areas in the United States. They focus on providing decent, safe, and affordable housing, contributing to economic development, and preserving historical aspects of low-income housing. Their work in Laredo, Texas, directly benefits individuals and families in need, enhancing their quality of life and creating a more sustainable and vibrant community.
This information is meant to be a general summary of Azteca Economic Development And Preservation 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: $1,734
- Program Service Revenue: $420,922
- Gross Receipts: $544,036
Assets and Liabilities:
- Total Assets: $3,365,919
- Total Liabilities: $18,862
- Net Assets: $3,347,057
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$401,620
IMMIGRATION INCOME
Revenue
$12,147
OTHER INCOME
Revenue
$7,155
Organization Details
Founding Year
1985
Phone
(956) 726-4462Principal Officer
Rafael Torres
Main Address
20 ITURBIDE STREET, LAREDO, TX, 78040
NTEE Category
Code: L20 - Housing
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