Overview
What is Texas Association Of Community Development Corporations?
The Texas Association of Community Development Corporations is a nonprofit organization situated in Austin, Texas, specifically at 1910 East MLK Boulevard. Its primary mission is to support organizations that provide decent, safe, and affordable housing, as well as economic development opportunities, for moderate, low, and very low-income individuals and families across the state of Texas. They achieve this by mobilizing community development efforts. The organization's activities are centered around promoting community development and low-income housing, with a team of five dedicated individuals working towards these goals.
Official website here: www.tacdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
The Texas Association of Community Development Corporations has received an overall score of 84%, reflecting a strong commitment to accountability and finance. This rating is based solely on their performance in the Accountability & Finance category, where they excelled in various metrics, including having a majority of independent board members and a solid program expense ratio of 94.28%. These factors indicate a well-governed organization focused on effectively utilizing resources for its mission.
The organization demonstrates transparency with its financial practices, as evidenced by a comprehensive audit and oversight committee and a favorable liabilities to assets ratio of 6.26%. However, there are noted limitations, including the absence of a conflict of interest policy and a whistleblower policy, which could raise concerns regarding governance. Despite this, the organization has maintained thorough documentation of board meeting minutes and has ensured that its tax information is accessible online, highlighting its commitment to transparency.
Overall, while there are areas for improvement in policy development, the Texas Association of Community Development Corporations shows robust financial health and accountability, indicating a responsible approach to managing its operations and serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Association Of Community Development Corporations legitimate?
Texas Association Of Community Development Corporations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Association Of Community Development Corporations 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: $110,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,574
For more financial information, click here
Official website here: www.tacdc.org
What is the mission statement of Texas Association Of Community Development Corporations?
The Texas Association of Community Development Corporations is dedicated to promoting community development and affordable housing for individuals and families with moderate, low, and very low incomes. They achieve this by offering support to organizations that provide decent and safe housing, as well as facilitating economic development. This is accomplished through community mobilization efforts, aiming to enhance the living conditions and opportunities for these individuals and families across Texas.
Official website here: www.tacdc.org
Who is the CEO of Texas Association Of Community Development Corporations?
Paul Turney is the Past Preside of Texas Association Of Community Development Corporations.
Official website here: www.tacdc.org
What is the revenue of Texas Association Of Community Development Corporations?
Texas Association Of Community Development Corporations's revenue in 2022 was $550,299.
Official website here: www.tacdc.org
Who are the executives of Texas Association Of Community Development Corporations and what are their salaries?
The average compensation at Texas Association Of Community Development Corporations during 2022 was $47,713. There are 5 employees at Texas Association Of Community Development Corporations.
Here are 16 key members and their salaries:
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- Other: $4,269
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Official website here: www.tacdc.org
Where can I find the form 990 for Texas Association Of Community Development Corporations?
Texas Association Of Community Development Corporations's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tacdc.org
Learn more at the official website: www.tacdc.org
Mission Statement of Texas Association Of Community Development Corporations
The Texas Association of Community Development Corporations (TACDC) is dedicated to promoting community development and providing affordable housing solutions for moderate, low, and very low-income individuals and families in Texas. In pursuit of this mission, TACDC mobilizes community development efforts, offering support to organizations that prioritize the construction and maintenance of decent and safe living spaces. By doing so, TACDC aims to contribute to the economic development of these communities, thereby improving the overall living conditions of its inhabitants.
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Impact
July, 2024
Texas Association of Community Development Corporations promotes community development and low-income housing in Texas by organizing support for organizations providing decent, safe, and affordable housing and economic development for moderate, low, and very low-income individuals and families. Their impact can be seen through the mobilization of community development efforts across the state, working towards creating better living conditions and opportunities for those in need.
This information is meant to be a general summary of Texas Association Of Community Development Corporations. 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: $180
- Program Service Revenue: $265,018
- Gross Receipts: $550,299
Assets and Liabilities:
- Total Assets: $810,147
- Total Liabilities: $29,523
- Net Assets: $780,624
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$114,171
CONFERENCE REVENUES
Revenue
$97,000
SMALL DOLLAR LOAN PROGRAM
Revenue
$34,647
SUMMIT REVENUE
Revenue
$10,285
FEES FOR SERVICES RENDERED
Revenue
$6,415
Organization Details
Founding Year
1995
Phone
(512) 916-0508Principal Officer
Paul Turney
Main Address
1910 EAST MLK BLVD, AUSTIN, TX, 78702
Website
www.tacdc.orgNTEE Category
Code: Z99 - Unknown
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