Overview
What is Hcs Houston House Inc?
Hcs Houston House Inc is a nonprofit organization situated in San Antonio, Texas, primarily dedicated to providing low-income housing through the operation of the Houston House Apartments, a 50-unit complex in Victoria, Texas. Established under the Low-Income Housing Preservation and Resident Homeownership Act of 1990, the organization adheres to regulations set by the U.S. Department of Housing and Urban Development (HUD) to ensure the property remains low-income housing. With HUD's assistance, they offer Section 8 housing assistance payments for all 50 units, catering to families and individuals with income below 30% of the area median income. The organization also operates under a Land Use Restriction Agreement with the Texas Department of Housing and Community Affairs. Additionally, Hcs Houston House Inc receives various tax exemptions, including income, property, franchise, and sales tax exemptions. The organization provides programs, activities, and services for its youth and adult residents, and in 2013, they began a rehabilitation project to preserve the property's quality as low-income housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
HCS Houston House Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in the area of accountability and finance. The rating is based entirely on the organization’s financial practices, showcasing a strong commitment to transparency. Key strengths include a fully independent board and robust financial oversight practices, with no reported material diversion of assets.
The organization excels in areas such as program expense ratio, where an impressive 96.53% of expenses are directed toward programs. Additionally, HCS Houston House maintains comprehensive policies related to conflict of interest, whistleblowing, and document retention, all of which contribute positively to its governance practices.
However, a notable limitation is reflected in the liabilities to assets ratio, which stands at 84.23%, indicating potential concerns regarding financial stability. Overall, while the organization demonstrates strong accountability and effective financial management, its high liabilities may require careful monitoring moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Hcs Houston House Inc legitimate?
Hcs Houston House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hcs Houston House 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: $6,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,284
For more financial information, click here
What is the mission statement of Hcs Houston House Inc?
Hcs Houston House Inc, as a nonprofit organization, has a mission to provide adequate housing for low-income and underprivileged residents. The organization also strives to foster the creation and preservation of housing for individuals with moderate incomes. In addition to housing, Hcs Houston House Inc aims to establish and provide self-improvement and wellness centers, along with essential services for the residents of low-income housing communities. The organization is an associate of Housing and Community Services, Inc. (HCS), which qualifies as a statewide Community Housing Development Organization (CHDO) under the criteria established by the Texas Department of Housing and Community Affairs, by reserving one-third of its board of directors for low-income representatives.
Who is the CEO of Hcs Houston House Inc?
Jaclyn S Woodring is the Director of Hcs Houston House Inc.
What is the revenue of Hcs Houston House Inc?
Hcs Houston House Inc's revenue in 2022 was $558,937.
Who are the executives of Hcs Houston House Inc and what are their salaries?
There 6 volunteers at Hcs Houston House Inc.
Here are 9 key members and their salaries:
- 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
- Compensation: $5,433
- Related: $162,403
- Other: $5,658
- Compensation: $900
- Related: $227,279
- Other: $17,056
- Compensation: $0
- Related: $190,311
- Other: $6,414
Where can I find the form 990 for Hcs Houston House Inc?
Hcs Houston House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hcs Houston House Inc
Hcs Houston House Inc, as a nonprofit corporation, is committed to two primary objectives. Firstly, it aims to ensure that adequate housing is made available for low-income and underprivileged residents. Secondly, it strives to foster the creation and preservation of housing for individuals and families falling under the low-income and moderate-income brackets. In addition to this, Hcs Houston House Inc also establishes, provides, makes available, and administers self-improvement and wellness centers, along with related services, for the residents of low-income housing communities. The organization is an associate of Housing and Community Services, Inc. (HCS), and it qualifies as a statewide Community Housing Development Organization (CHDO) under the criteria established by the Texas Department of Housing and Community Affairs, due to reserving one-third of its Board of Directors for low-income representatives.
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
Hcs Houston House Inc's impact is significant in providing low-income housing and resident social and educational services through the Houston House Apartments in Victoria, Texas. The organization is dedicated to making adequate housing available to poor and underprivileged residents, while also promoting the creation and preservation of housing for low- and moderate-income individuals and families. By operating under the Low-Income Housing Preservation and Resident Homeownership Act, Hcs Houston House Inc ensures that housing remains affordable for those with incomes below 30% of the area median income. Additionally, the organization offers programs, activities, and services for both youth and adult residents, contributing to the overall well-being of the community. Through its efforts and partnerships, Hcs Houston House Inc plays a vital role in addressing housing needs and enhancing the quality of life for individuals in need.
This information is meant to be a general summary of Hcs Houston House 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: $59
- Program Service Revenue: $544,513
- Gross Receipts: $558,937
Assets and Liabilities:
- Total Assets: $3,262,603
- Total Liabilities: $2,748,403
- Net Assets: $514,200
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
$432,703
TENANT RENTAL INCOME
Revenue
$111,810
Organization Details
Founding Year
1992
Phone
(210) 821-4300Principal Officer
Jaclyn S Woodring
Main Address
3419 NACOGDOCHES ROAD, SAN ANTONIO, TX, 78217
NTEE Category
Code: L20 - Housing
If you are a representative of Hcs Houston House 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.