Overview
What is Guadalupe County Housing Development Inc?
Guadalupe County Housing Development Inc is a nonprofit organization established under Texas state laws, with a mission to develop and manage an apartment complex of 22 units in Seguin, Texas. Regulated by the U.S. Department of Housing and Urban Development (HUD), the organization operates under Section 811 of the National Affordable Housing Act, ensuring affordable rental charges and responsible operations. The primary focus of this nonprofit is its Section 811 Capital Advance and Project Rental Assistance program, aimed at providing supportive housing for low-income individuals with disabilities. Operating as a single-asset corporation, Guadalupe County Housing Development Inc is committed to its charitable purpose and maintains a nonprofit and nonpartisan stance, while adhering to its mission to enhance housing opportunities for those in need.
Is Guadalupe County Housing Development Inc legitimate?
Guadalupe County Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Guadalupe County Housing Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,411
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What is the mission statement of Guadalupe County Housing Development Inc?
Guadalupe County Housing Development Inc, a nonprofit organization, is dedicated to developing and operating a supportive housing project for individuals with disabilities. Operating under Section 811 of the National Affordable Housing Act, the corporation is regulated by the U.S. Department of Housing and Urban Development (HUD) for rental charges and operating methods. It is committed to furthering its charitable purposes, which are outlined in its articles of incorporation, and will not engage in any activities or exercise powers that do not align with these objectives. The corporation's major program involves a Section 811 Capital Advance and Project Rental Assistance.
Who is the CEO of Guadalupe County Housing Development Inc?
Cimarron Gilson is the President of Guadalupe County Housing Development Inc.
What is the revenue of Guadalupe County Housing Development Inc?
Guadalupe County Housing Development Inc's revenue in 2022 was $207,869.
Who are the executives of Guadalupe County Housing Development Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Guadalupe County Housing Development Inc?
Guadalupe County Housing Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Guadalupe County Housing Development Inc
Guadalupe County Housing Development Inc, a nonprofit corporation established under Texas law, is committed to a charitable mission. The organization is solely dedicated to developing, owning, and operating a supportive housing project for individuals with disabilities who fall under the low-income bracket. Operating as a single-asset corporation, its primary objective is to provide a secure living environment for this vulnerable population. Guadalupe County Housing Development Inc is regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operational methods, in accordance with Section 811 of the National Affordable Housing Act. The corporation's major program involves a Section 811 Capital Advance and Project Rental Assistance, which aims to ensure affordable housing and support for these individuals with disabilities.
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Impact
October, 2024
Guadalupe County Housing Development Inc has a significant impact on the community by developing and operating a 22-unit apartment complex specifically designed for low-income individuals with disabilities in Seguin, Texas. This initiative addresses the critical need for affordable and supportive housing, ensuring that vulnerable populations have access to stable living conditions.
By operating under the provisions of Section 811 of the National Affordable Housing Act, the organization facilitates rental assistance and housing services that empower residents to live independently while having access to essential support. The project is regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring compliance with rental charges and operational standards that prioritize tenant well-being.
The commitment to charitable purposes drives both the development and management of the housing project, maintaining a focus on providing safe, affordable living environments for those who often face barriers in accessing suitable housing. Through these efforts, Guadalupe County Housing Development Inc not only enhances the quality of life for individuals with disabilities but also contributes positively to the broader community, fostering inclusion and stability.
This information is meant to be a general summary of Guadalupe County Housing Development 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: $22
- Program Service Revenue: $207,847
- Gross Receipts: $207,869
Assets and Liabilities:
- Total Assets: $989,315
- Total Liabilities: $1,526,421
- Net Assets: -$537,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$199,620
PROPERTY INSURANCE SETTLEMENT
Revenue
$8,227
Organization Details
Founding Year
1994
Phone
(210) 566-6700Principal Officer
Cimarron Gilson
Main Address
1996 SCHERTZ PARKWAYSUITE 101, SCHERTZ, TX, 78154
NTEE Category
Code: P30 - Human services
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