Overview
What is Hialco-Oic Housing Assistance Inc?
Hialco-Oic Housing Assistance Inc is a charitable organization situated in San Antonio, Texas. Their primary mission is to provide affordable housing to 52 families in need, including 40 elderly and 12 handicapped families, in compliance with the U.S. Department of Housing and Urban Development's regulations under Section 202 of the National Housing Act. In addition to housing, they offer on-site social and referral services to support their residents. As a nonprofit, Hialco-Oic Housing Assistance Inc aims to enhance the living conditions and well-being of elderly and handicapped families, providing them with essential housing assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
Hialco-Oic Housing Assistance Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization demonstrates strengths in governance, with 100% of board members being independent and a solid program expense ratio of 95.73%, which suggests that a significant portion of its funds is directed towards its mission. Moreover, they have audited financial statements and policies for whistleblower protection and document retention.
However, the nonprofit faces notable challenges in its financial health, particularly with a liabilities to assets ratio of 189.37%, which raises concerns about its sustainability. Additionally, the absence of a conflict of interest policy and failure to post tax forms on its website points to gaps in transparency and compliance. The lack of documented board meeting minutes also reflects potential issues in governance practices.
Overall, while Hialco-Oic Housing Assistance Inc has strengths in certain areas, improvements are needed to enhance its financial stability and transparency to build greater trust with stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Hialco-Oic Housing Assistance Inc legitimate?
Hialco-Oic Housing Assistance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hialco-Oic Housing Assistance 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: $66,769
For more financial information, click here
What is the mission statement of Hialco-Oic Housing Assistance Inc?
Hialco-Oic Housing Assistance Inc, functioning as a charity, is dedicated to providing low-income housing and social services to families who are elderly or handicapped. In line with Section 202 of the National Housing Act, the organization is committed to this mission. They offer housing to 52 families in need of public assistance, regulated by the U.S. Department of HUD. Among these families, 40 are elderly and 12 are handicapped. In addition to housing, Hialco-Oic provides on-site social and referral services to support the residents.
Who is the CEO of Hialco-Oic Housing Assistance Inc?
Leroy Bunch is the Secretary/Treasurer of Hialco-Oic Housing Assistance Inc. The CEO's salary of Hialco-Oic Housing Assistance Inc is $0 and their total compensation is $0.
What is the revenue of Hialco-Oic Housing Assistance Inc?
Hialco-Oic Housing Assistance Inc's revenue in 2022 was $507,355.
Who are the executives of Hialco-Oic Housing Assistance Inc and what are their salaries?
There 3 volunteers at Hialco-Oic Housing Assistance Inc.
Here are 5 key members and their salaries (Hialco-Oic Housing Assistance Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hialco-Oic Housing Assistance Inc?
Hialco-Oic Housing Assistance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hialco-Oic Housing Assistance Inc
Hialco-Oic Housing Assistance Inc, acting as a charity, is dedicated to providing low-income housing and social services to families with elderly and handicapped members. Aligned with Section 202 of the National Housing Act, this nonprofit organization aims to make a significant impact in the lives of those in need. It offers housing solutions to 52 families, ensuring they receive the necessary public assistance. Among these families, 40 are elderly and 12 have special needs. Additionally, Hialco-Oic Housing Assistance Inc extends its support beyond housing by providing on-site social and referral services to its residents. These services are regulated by the U.S. Department of HUD under Section 202 of the National Housing Act, which ensures that the nonprofit is meeting the needs of its vulnerable population effectively.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Hialco-Oic Housing Assistance Inc's impact is significant in providing low-income housing and social services to elderly and handicapped families. Their focus on offering housing to 52 families in need of public assistance, as regulated by the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, is commendable. Their provision of on-site social and referral services for the residents further enhances the support they offer. This nonprofit organization in San Antonio, TX, plays a crucial role in ensuring that forty elderly and twelve handicapped families have a place to call home and access to essential services. Their mission to provide low-income housing and social services aligns with the core values of compassion and community welfare.
This information is meant to be a general summary of Hialco-Oic Housing Assistance 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: $258
- Program Service Revenue: $501,898
- Gross Receipts: $507,355
Assets and Liabilities:
- Total Assets: $981,177
- Total Liabilities: $1,858,107
- Net Assets: -$876,930
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$383,416
TENANT RENTAL INCOME
Revenue
$118,482
Organization Details
Founding Year
1984
Phone
(210) 821-4300Principal Officer
Leroy Bunch
Main Address
3419 NACOGDOCHES RD, SAN ANTONIO, TX, 782173377
NTEE Category
Code: L22 - Housing
If you are a representative of Hialco-Oic Housing Assistance Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.