Overview
What is Harlingen Community Development Corporation?
The Harlingen Community Development Corporation is a nonprofit organization situated in Harlingen, Texas, at 51 E Harrison Avenue. Their primary mission is to provide affordable housing opportunities to families with moderate to low incomes within the community. They achieve this objective by constructing new homes specifically designed for this income group. With a team of five dedicated individuals, the organization is actively engaged in this noble cause, contributing significantly to the housing needs of the local population.
Official website here: www.harlingencdc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82%, Three-Star out of Four Star rating.
The Harlingen Community Development Corporation has received an 82% rating, reflecting a strong emphasis on accountability and finance. This rating is primarily based on the organization’s transparent management practices and sound financial oversight. With an independent board comprised entirely of qualified members, the organization demonstrates a commitment to governance and ethical standards.
Strengths of the organization include a high program expense ratio of 81.38%, indicating that a significant portion of its funding goes directly towards its programs rather than administrative costs. Additionally, the presence of policies for conflict of interest, whistleblowing, and document retention further solidifies its financial accountability. These practices assure donors and stakeholders of the organization’s dedication to responsible management.
While the organization shows strong financial practices, the salary of the executive director, Alfredo Huerta, at $121,600 may raise questions among some stakeholders regarding compensation relative to the nonprofit sector norms. Overall, the Harlingen Community Development Corporation appears to be effectively managed and dedicated to its mission, though potential concerns regarding executive compensation could be a point of discussion.
This AI summary has been generated from information found on Charity Navigator.
Is Harlingen Community Development Corporation legitimate?
Harlingen Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harlingen Community Development 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: $110,791
Professional Fundraising Fees: $0
Other Salaries and Wages: $131,791
For more financial information, click here
Official website here: www.harlingencdc.org
What is the mission statement of Harlingen Community Development Corporation?
The Harlingen Community Development Corporation's mission is centered around providing affordable housing solutions. Specifically, they strive to cater to families with low to moderate income levels within their community. This is achieved through various initiatives, including the construction of new, affordable homes. Their primary goal is to ensure that housing remains accessible and affordable for a significant portion of the population.
Official website here: www.harlingencdc.org
Who is the CEO of Harlingen Community Development Corporation?
Alfredo Huerta is the Executive Director of Harlingen Community Development Corporation.
Official website here: www.harlingencdc.org
What is the revenue of Harlingen Community Development Corporation?
Harlingen Community Development Corporation's revenue in 2022 was $5,251,853.
Official website here: www.harlingencdc.org
Who are the executives of Harlingen Community Development Corporation and what are their salaries?
The average compensation at Harlingen Community Development Corporation during 2022 was $48,516. There are 5 employees at Harlingen Community Development Corporation.
Here are 7 key members and their salaries:
- Compensation: $110,791
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.harlingencdc.org
Where can I find the form 990 for Harlingen Community Development Corporation?
Harlingen Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harlingencdc.org
Learn more at the official website: www.harlingencdc.org
Mission Statement of Harlingen Community Development Corporation
Harlingen Community Development Corporation, as its mission statement suggests, is dedicated to providing affordable housing solutions for families with low to moderate incomes within the community. This nonprofit organization's primary focus is on constructing new homes that cater to these income brackets, making homeownership more accessible and affordable for many families who might otherwise struggle to secure housing within their means. By offering affordable housing options, Harlingen Community Development Corporation aims to contribute positively to the community, ensuring that diverse families have a stable and comfortable living environment.
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Impact
July, 2024
Harlingen Community Development Corporation's impact can be seen in the provision of affordable housing to low to moderate-income families in the community. Their housing program focuses on constructing new affordable homes specifically designed for these families. Through this mission, they are addressing the critical need for accessible housing options, helping individuals and families secure stable and safe living environments.
This information is meant to be a general summary of Harlingen Community Development 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: $14,293
- Program Service Revenue: $915,954
- Gross Receipts: $7,371,463
Assets and Liabilities:
- Total Assets: $19,056,626
- Total Liabilities: $11,945,735
- Net Assets: $7,110,891
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$915,456
REIMBURSEMENTS
Revenue
$498
Organization Details
Founding Year
1991
Phone
(956) 421-2351Principal Officer
Alfredo Huerta
Main Address
51 E HARRISON AVENUE, HARLINGEN, TX, 78550
Website
www.harlingencdc.orgNTEE Category
Code: L82Z - Housing
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