Overview
What is Advanced Housing Alternatives Corp?
Advanced Housing Alternatives Corp is a nonprofit organization situated in Corpus Christi, Texas, specifically at 1318 Waldron Road. The primary mission of this corporation is to provide suitable housing accommodations for individuals with low income. Through its dedicated efforts, Advanced Housing Alternatives Corp strives to make a significant impact in the community by offering housing solutions for those who might otherwise be unable to secure affordable housing options.
Official website here: www.advancedhousingalternatives.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Advanced Housing Alternatives Corp has received a One-Star rating from Charity Navigator, reflecting concerns primarily in the area of Accountability & Finance. The organization's score is based entirely on this category, indicating a significant need for improvement in financial transparency and governance practices.
The charity shows strengths in several governance aspects, with a fully independent board and no material diversion of assets, which are positive indicators of organizational integrity. However, critical areas such as the lack of a whistleblower policy and failure to maintain proper document retention practices have negatively impacted their overall score. Additionally, the nonprofit has not posted its tax forms on its website, which detracts from its transparency.
Despite achieving a perfect program expense ratio, the charity's financial management practices raise flags, particularly with a concerning liabilities to assets ratio, which suggests potential instability. To enhance its rating and foster trust, Advanced Housing Alternatives Corp should prioritize addressing these weaknesses in governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Advanced Housing Alternatives Corp legitimate?
Advanced Housing Alternatives Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advanced Housing Alternatives Corp 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: $0
For more financial information, click here
Official website here: www.advancedhousingalternatives.com
What is the mission statement of Advanced Housing Alternatives Corp?
Advanced Housing Alternatives Corp is a non-profit organization committed to providing housing solutions for individuals with low income. Its mission is centered around facilitating housing occupancy for this specific demographic. By doing so, the corporation aims to contribute positively to their living situations and improve their overall quality of life. The corporation's activities are primarily focused on this primary goal, ensuring that low-income individuals have access to suitable housing accommodations.
Official website here: www.advancedhousingalternatives.com
Who is the CEO of Advanced Housing Alternatives Corp?
William Cartwright is the President of Advanced Housing Alternatives Corp.
Official website here: www.advancedhousingalternatives.com
What is the revenue of Advanced Housing Alternatives Corp?
Advanced Housing Alternatives Corp's revenue in 2022 was $863,944.
Official website here: www.advancedhousingalternatives.com
Who are the executives of Advanced Housing Alternatives Corp and what are their salaries?
Here are 5 key members and their salaries:
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- Compensation: $0
- Related: $95,992
- Other: $0
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Official website here: www.advancedhousingalternatives.com
Where can I find the form 990 for Advanced Housing Alternatives Corp?
Advanced Housing Alternatives Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advancedhousingalternatives.com
Learn more at the official website: www.advancedhousingalternatives.com
Mission Statement of Advanced Housing Alternatives Corp
Advanced Housing Alternatives Corp, as a non-profit organization, is committed to providing housing opportunities for individuals with low income. This mission is at the heart of its operations, aiming to make a positive impact on the lives of those in need. The corporation's primary focus is on offering housing occupancy, ensuring that individuals who might otherwise struggle to afford housing have a safe and stable place to live. This mission is a testament to its dedication to making a difference in the community and improving the quality of life for its participants.
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Impact
July, 2024
Advanced Housing Alternatives Corp provides essential housing occupancy opportunities for low-income individuals in Corpus Christi, Texas. By offering affordable housing options, this organization plays a crucial role in addressing housing insecurity and helping individuals and families in need access safe and stable living arrangements. Through its dedicated mission, Advanced Housing Alternatives Corp positively impacts the community by improving the quality of life for those facing financial challenges and housing hardship.
This information is meant to be a general summary of Advanced Housing Alternatives Corp. 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: -$47,256
- Program Service Revenue: $404,715
- Gross Receipts: $1,152,859
Assets and Liabilities:
- Total Assets: $5,637,572
- Total Liabilities: $2,478,420
- Net Assets: $3,159,152
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD DIRECT
Revenue
$404,715
Organization Details
Founding Year
1990
Phone
(361) 937-2971Principal Officer
William Cartwright
Main Address
1318 WALDRON ROAD, CORPUS CHRISTI, TX, 78418
NTEE Category
Code: L80 - Housing
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