Overview
What is Mcallen Housing Facility Corporation?
Mcallen Housing Facility Corporation serves as a supportive entity of the Housing Authority of McAllen, Texas. Its primary mission is to offer decent, secure, and reasonably priced housing to eligible low-income individuals, with a focus on fostering self-sufficiency within families. The Corporation operates from 1200 NORTH 25TH ST, MCALLEN, TX, 78501. Its activities are geared towards ensuring that low-income families have access to safe and affordable housing, contributing to their overall well-being and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Mcallen Housing Facility Corporation has achieved a high rating of 94% on Charity Navigator, indicating strong performance in accountability and finance. This score reflects the organization’s commitment to transparency and effective management practices, which is essential for building trust with donors and stakeholders.
The organization boasts a board composed entirely of independent members, ensuring unbiased governance. It also excels in financial oversight, as evidenced by its perfect scores in several categories, including audit processes and conflict of interest policies. Additionally, the program expense ratio stands at an impressive 100%, demonstrating that all funds are directed towards its mission-driven activities.
While the ratings highlight numerous strengths, it is important for potential donors to consider the broader context of the nonprofit sector. Despite the high scores, ongoing assessment of organizational impact and community engagement remains crucial for sustaining long-term effectiveness. However, Mcallen Housing Facility Corporation’s strong financial practices set a solid foundation for future success.
This AI summary has been generated from information found on Charity Navigator.
Is Mcallen Housing Facility Corporation legitimate?
Mcallen Housing Facility Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcallen Housing Facility 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.
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What is the mission statement of Mcallen Housing Facility Corporation?
The Mcallen Housing Facility Corporation serves as an instrumental tool, working in alignment with the Housing Authority, to provide affordable and decent housing for eligible low-income individuals. This organization is committed to more than just housing; it also focuses on promoting family self-sufficiency. Its mission is to enhance the living conditions of these individuals while encouraging them towards self-reliance and independence.
Who is the CEO of Mcallen Housing Facility Corporation?
Rodolfo Ramriez is the Principal Officer of Mcallen Housing Facility Corporation.
What is the revenue of Mcallen Housing Facility Corporation?
Mcallen Housing Facility Corporation's revenue in 2022 was $2,296,590.
Who are the executives of Mcallen Housing Facility Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Mcallen Housing Facility Corporation?
Mcallen Housing Facility Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcallen Housing Facility Corporation
McAllen Housing Facility Corporation, acting as an auxiliary of the Housing Authority of The City of McAllen, is dedicated to providing eligible low-income individuals with decent, safe, and affordable housing. Beyond just offering housing, the Corporation also focuses on fostering family self-sufficiency. This means they aim to help residents become more independent and self-reliant, thereby enhancing their overall quality of life. In essence, McAllen Housing Facility Corporation serves as a bridge, providing a secure home base while empowering its residents to establish stronger foundations for their future.
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Impact
July, 2024
Mcallen Housing Facility Corporation's impact is crucial in providing decent, safe, and affordable housing to eligible low-income individuals in McAllen, Texas. By operating as an instrumentality of the Housing Authority of the City of McAllen, the Corporation plays a vital role in promoting family self-sufficiency. This impact directly addresses the housing needs of the community and contributes to the overall well-being and stability of individuals and families in need.
This information is meant to be a general summary of Mcallen Housing Facility 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: $68,866
- Program Service Revenue: $2,189,050
- Gross Receipts: $2,310,417
Assets and Liabilities:
- Total Assets: $9,242,902
- Total Liabilities: $2,705,414
- Net Assets: $6,537,488
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW HOUSING RENT
Revenue
$1,136,906
NON-DWELLING OPERATING
Revenue
$704
OTHER OPERATING REVENU
Revenue
$1,051,440
Organization Details
Founding Year
1987
Phone
(956) 686-3951Principal Officer
Rodolfo Ramriez
Main Address
1200 NORTH 25TH ST, MCALLEN, TX, 78501
NTEE Category
Code: L21 - Housing
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