Overview
What is Metro Affordable Housing Inc?
Metro Affordable Housing Inc is a nonprofit organization situated in Laredo, Texas. Its primary mission is to offer affordable housing solutions to low-income residents of Webb County. They achieve this goal through strategic investments in various partnerships, including limited partnerships and a limited liability company. The partnerships, namely Clark's Crossing Partners, Gallagher Gardens Partners, and Gallagher Gardens LLC, operate two affordable housing projects, providing essential living spaces for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Metro Affordable Housing Inc has received a score of 73%, which indicates a moderate level of accountability and financial health. The organization demonstrates strengths in having a majority independent board, strong management of assets, and a solid program expense ratio. These factors suggest that the nonprofit is effectively utilizing its resources to support its mission.
However, there are significant areas for improvement noted in the evaluation. The organization has not implemented key policies such as a conflict of interest policy, whistleblower policy, and document retention policies. Additionally, the lack of transparency regarding their tax documents on their website may raise concerns among potential donors about their operational practices.
Overall, while Metro Affordable Housing Inc shows a commitment to its mission through financial management and governance structure, the absence of critical policies and transparency measures could limit its appeal to some supporters. Addressing these limitations could enhance its standing and effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Metro Affordable Housing Inc legitimate?
Metro Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metro Affordable Housing 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:
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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Metro Affordable Housing Inc?
Metro Affordable Housing Inc is committed to providing affordable housing solutions for individuals with limited income. They accomplish this by investing in various partnerships, such as limited partnerships and a limited liability company, which operate affordable housing projects. This organization's primary objective is to make housing accessible for those who might otherwise struggle with the high costs, thereby contributing to a more equitable living environment.
Who is the CEO of Metro Affordable Housing Inc?
Ma Consuelo Montalvo is the President of Metro Affordable Housing Inc.
What is the revenue of Metro Affordable Housing Inc?
Metro Affordable Housing Inc's revenue in 2022 was $40,640.
Who are the executives of Metro Affordable Housing Inc 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 Metro Affordable Housing Inc?
Metro Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Metro Affordable Housing Inc
Metro Affordable Housing Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for low-income residents. Through its involvement in various limited partnerships and a limited liability company, the organization aims to make housing more accessible for individuals who may struggle financially. Two of these partnerships are Clark's Crossing Partners and Gallagher Gardens Partners, both of which contribute to the provision of affordable housing opportunities. Additionally, the organization holds a limited partner interest in Gallagher Gardens LLC, further strengthening its commitment to this cause. By offering affordable housing options, Metro Affordable Housing Inc plays a crucial role in ensuring that everyone has a place to call home, regardless of their financial situation.
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Impact
August, 2024
Metro Affordable Housing Inc's impact includes providing essential affordable housing options for low-income residents of Webb County, Texas. By overseeing general partner interests in two limited partnerships and a limited partner interest in a limited liability company operating affordable housing projects, this organization plays a crucial role in addressing the housing needs of individuals and families in the community. Through its initiatives, Metro Affordable Housing Inc helps ensure that those facing financial challenges have access to safe and affordable housing options, ultimately contributing to the well-being and stability of residents in Webb County.
This information is meant to be a general summary of Metro Affordable Housing 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.
- Program Service Revenue: $40,640
- Gross Receipts: $40,640
Assets and Liabilities:
- Total Assets: $1,186,894
- Total Liabilities: $0
- Net Assets: $1,186,894
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
K-1-Clark's Crossing Ptrs
Revenue
$40,640
K-1-Gallagher Grdns LLC
K-1-Gallagher Grdns Ptrs
Mangement Fees
Organization Details
Founding Year
1993
Phone
(956) 724-4100Principal Officer
Ma Consuelo Montalvo
Main Address
PO Box 451031, Laredo, TX, 78045
NTEE Category
Code: L20Z - Housing
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