Overview
What is Texas State Affordable Housing Corporation?
The Texas State Affordable Housing Corporation is a nonprofit organization based in Austin, Texas, with a location at 6701 Shirley Ave. Their mission is to provide housing finance options to lower-income Texans who are not served by conventional lending sources. Through their programs, they offer 30-year fixed rate mortgage loans, down payment assistance, short and long-term financing for single family housing construction and improvement, and grants for the same purposes in Texas. The organization also provides homebuyer education to borrowers. With a total of 32 employees, their work includes single family housing programs that aim to make homeownership more accessible for eligible first-time homebuyers in Texas.
Official website here: www.tsahc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Texas State Affordable Housing Corporation (TSAHC) has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored a perfect 100% on key metrics such as independent board members and financial oversight. With a high program expense ratio of 96.05%, TSAHC demonstrates a commitment to allocating resources toward its core mission of providing affordable housing in Texas.
The organization's leadership structure is robust, with a fully independent board that ensures effective governance and decision-making. The presence of comprehensive policies, including conflict of interest and whistleblower protections, underscores a culture of transparency and ethical management. Additionally, TSAHC maintains rigorous financial practices, as evidenced by its solid liabilities to assets ratio, which indicates financial stability.
While TSAHC's rating reflects strong accountability, ongoing efforts to maintain and enhance community engagement and program effectiveness will be essential for sustaining its mission. Overall, the organization exemplifies a responsible and effective nonprofit, dedicated to improving housing accessibility in Texas.
This AI summary has been generated from information found on Charity Navigator.
Is Texas State Affordable Housing Corporation legitimate?
Texas State Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas State Affordable Housing 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: $1,185,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,401,181
For more financial information, click here
Official website here: www.tsahc.org
What is the mission statement of Texas State Affordable Housing Corporation?
The Texas State Affordable Housing Corporation is dedicated to serving the housing finance needs of lower income Texans who do not have access to such options through conventional lending sources. The organization provides various housing finance solutions, including 30-year fixed rate mortgage loans to eligible first-time homebuyers, down payment assistance, short and long-term financing for the construction or improvement of single family housing, and grants for the same. Additionally, the corporation offers homebuyer education to its borrowers to ensure they are well-equipped to make informed decisions about homeownership.
Official website here: www.tsahc.org
Who is the CEO of Texas State Affordable Housing Corporation?
David Long is the Principal Officer of Texas State Affordable Housing Corporation.
Official website here: www.tsahc.org
What is the revenue of Texas State Affordable Housing Corporation?
Texas State Affordable Housing Corporation's revenue in 2022 was $110,068,921.
Official website here: www.tsahc.org
Who are the executives of Texas State Affordable Housing Corporation and what are their salaries?
The average compensation at Texas State Affordable Housing Corporation during 2022 was $112,084. There are 32 employees at Texas State Affordable Housing Corporation.
Here are 13 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $237,811
- Related: $0
- Other: $30,969
- Compensation: $367,854
- Related: $0
- Other: $16,038
- Compensation: $61,041
- Related: $0
- Other: $13,459
- Compensation: $157,708
- Related: $0
- Other: $6,308
- Compensation: $263,593
- Related: $0
- Other: $30,716
- Compensation: $114,093
- Related: $0
- Other: $36,697
- Compensation: $157,105
- Related: $0
- Other: $28,008
- Compensation: $189,740
- Related: $0
- Other: $14,584
Official website here: www.tsahc.org
Where can I find the form 990 for Texas State Affordable Housing Corporation?
Texas State Affordable Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tsahc.org
Learn more at the official website: www.tsahc.org
Mission Statement of Texas State Affordable Housing Corporation
The Texas State Affordable Housing Corporation, a nonprofit organization, is dedicated to serving the needs of lower income Texans who are unable to secure housing finance options through conventional lending sources. By providing innovative financing solutions, the corporation aims to help eligible homebuyers achieve their dream of owning a home.
The organization offers various programs designed to make homeownership a reality for first-time buyers. These programs include 30-year fixed rate mortgage loans, down payment assistance, and short-term and long-term financing for the construction or improvement of single family housing. Furthermore, the Texas State Affordable Housing Corporation grants funds for the construction or improvement of single family homes. Additionally, the organization provides homebuyer education to borrowers, ensuring they are well-equipped with the knowledge necessary to make informed decisions about homeownership.
The mission of the Texas State Affordable Housing Corporation is to bridge the gap between those who are financially disadvantaged and the housing market. By offering a range of financing solutions, the organization empowers Texans to build a stable foundation for their future and improve their overall quality of life. With a primary focus on affordability and accessibility, the Texas State Affordable Housing Corporation is committed to making a difference in the lives of countless individuals and families.
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Impact
October, 2024
Texas State Affordable Housing Corporation plays a crucial role in enhancing housing opportunities for lower-income Texans by offering accessible financing options. Through its single-family programs, it provides 30-year fixed-rate mortgage loans to eligible first-time homebuyers, facilitating the path to homeownership. The organization also offers down payment assistance, making it easier for buyers to afford their first homes.
Additionally, it supports the construction and improvement of housing in Texas by providing both short- and long-term financing, as well as grants. This encourages the development of quality housing and improves existing properties, contributing to community revitalization.
Furthermore, Texas State Affordable Housing Corporation emphasizes homebuyer education, equipping borrowers with essential knowledge and skills to navigate the home buying process successfully. Overall, its comprehensive approach addresses the housing finance challenges faced by lower-income residents, fostering more equitable access to homeownership across Texas.
This information is meant to be a general summary of Texas State Affordable Housing 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: -$122,878
- Program Service Revenue: $108,141,093
- Gross Receipts: $133,411,505
Assets and Liabilities:
- Total Assets: $327,930,726
- Total Liabilities: $24,356,843
- Net Assets: $303,573,883
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SINGLE FAMILY LOAN INCOME AND SER
Revenue
$106,462,560
MULTIFAMILY LOAN INCOME AND SERVI
Revenue
$674,837
ASSET OVERSIGHT/COMPLIANCE FEES
Revenue
$377,957
OTHER LOAN SERVICING AND ISSUER F
Revenue
$285,765
INTEREST INCOME-MF PROGRAM LOANS
Revenue
$273,276
Organization Details
Founding Year
1994
Phone
(512) 477-3555Principal Officer
David Long
Main Address
6701 SHIRLEY AVE, AUSTIN, TX, 78752
Website
www.tsahc.orgNTEE Category
Code: L20 - Housing
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