Overview
What is Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt?
Nueces County Housing Assistance Inc, specifically the Palacio Residential and El Paraiso Apartments, is a nonprofit organization situated in Corpus Christi, Texas (1757 Gollihar Rd, CityNm: CORPUS CHRISTI, StateAbbreviationCd: TX, ZIPCd: 78416). Their primary mission is to provide affordable housing for low-income elderly and handicapped individuals, accommodating 94 such tenants in total. By offering housing, this organization aims to contribute positively to the well-being of these vulnerable groups in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt has received a Three-Star rating from Charity Navigator, reflecting a score of 77% based solely on its Accountability & Finance criteria. This indicates a solid level of financial health and governance, emphasizing the importance of transparency and responsible management in nonprofit operations.
The organization excels in several areas, including having a majority of independent board members and a strong financial audit process, both earning maximum points. Their program expense ratio is commendable at 83.33%, suggesting that a significant portion of their budget is directed toward their mission-related activities. Additionally, they have a clear conflict of interest policy and maintain good documentation practices.
However, there are some limitations noted, particularly the absence of a whistleblower policy, which highlights an area for improvement in their governance practices. Furthermore, their liabilities to assets ratio of 209.67% raises concerns about their financial stability. While the organization demonstrates good accountability, addressing these weaknesses could enhance their overall effectiveness and trustworthiness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt legitimate?
Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt 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: $106,335
For more financial information, click here
What is the mission statement of Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt?
The mission of Nueces County Housing Assistance Inc, specifically for Palacio Residential and El Paraiso Apt, is centered around providing affordable housing solutions. They prioritize serving the needs of elderly and handicapped individuals, offering them a suitable living environment. The organization's primary goal is to offer low-income housing, ensuring that these vulnerable groups have a place to call home. With 94 units available, the organization is committed to making a significant impact in providing suitable living conditions for this specific demographic.
Who is the CEO of Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt?
Carlos Valdez is the Director of Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt.
What is the revenue of Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt?
Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt's revenue in 2022 was $849,245.
Who are the executives of Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt?
Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt
Nueces County Housing Assistance Inc, specifically its Palacio Residential and El Paraiso Apt, is dedicated to providing housing for individuals who fall into the categories of low income, elderly, and handicapped. The organization's mission is clear: to offer suitable living spaces for this specific demographic. With a total of 94 units, Nueces County Housing Assistance Inc ensures that a substantial number of individuals in need have access to secure and comfortable housing. By providing low income housing, this non-profit organization is significantly contributing to the well-being and stability of the elderly and handicapped tenants it serves, thereby enhancing their quality of life.
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Impact
July, 2024
Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt's impact is significant in providing housing for low income elderly and handicapped tenants in Corpus Christi, TX. With 94 units dedicated to this purpose, the organization fulfills its mission of providing low-income housing to elderly and handicapped individuals in need. Their work contributes to addressing the housing challenges faced by vulnerable populations, allowing them to live with stability and dignity.
This information is meant to be a general summary of Nueces County Housing Assistance Inc Palacio Residential And El Paraiso Apt. 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: $765
- Program Service Revenue: $225,329
- Gross Receipts: $849,245
Assets and Liabilities:
- Total Assets: $1,804,792
- Total Liabilities: $3,331,495
- Net Assets: -$1,526,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$225,329
Organization Details
Founding Year
1987
Phone
(361) 851-9890Principal Officer
Carlos Valdez
Main Address
1757 GOLLIHAR RD, CORPUS CHRISTI, TX, 78416
NTEE Category
Code: L21Z - Housing
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