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Paisano Housing Re-Development Corp

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742793526 ✦ El paso, TX ✦ Designated as a 501(c)(3)

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Overview

What is Paisano Housing Re-Development Corp?

Paisano Housing Re-Development Corp is a non-profit organization based in El Paso, Texas. Their mission is to promote community reinvestment by financing institutions to support the affordable housing needs of lower-income residents. They do this through community development lending, affordable housing, or linked deposit programs. By developing, financing, and managing quality affordable housing, they aim to improve the quality of life for economically challenged families. Additionally, they provide opportunities for low and moderate-income residents to undertake business enterprises and achieve self-sufficiency through education, job training, and employment programs. The organization also offers social services to support these efforts. They rely on gifts, contributions, or assistance from other non-profit corporations to further their cause.


Official website here: www.hacep.org

What are the reviews and ratings of this charity?

Paisano Housing Re-Development Corp is not currently rated by Charity Navigator. The absence of a rating does not necessarily imply a positive or negative assessment but reflects the organization's current ineligibility due to missing data, like Total Expenses. Historically, ratings primarily considered Accountability and Finance scores, but significant areas like Leadership & Adaptability or Impact & Measurement were not assessed.

The organization isn't presently evaluated under several beacon scores, including Impact & Measurement and Culture & Community, largely due to a lack of data. Core information such as programmatic impact assessments or constituent feedback strategies aren't available, limiting comprehensive evaluation. The foundation status indicates it operates for the benefit of specific organizations and is independently affiliated without ties to other groups.

Despite these gaps, the nonprofit reports $0 in salary compensation for key persons, indicating potential volunteer leadership or cost minimization. However, without detailed insight into organizational operations and impact, stakeholders may face challenges in ascertaining the full effectiveness and reach of its activities.


This AI summary has been generated from information found on Charity Navigator.

Is Paisano Housing Re-Development Corp legitimate?

Paisano Housing Re-Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paisano Housing Re-Development 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.hacep.org

What is the mission statement of Paisano Housing Re-Development Corp?

The Paisano Housing Re-Development Corp focuses on enhancing the lives of economically disadvantaged families by constructing, funding, and managing affordable housing. They aim to promote community reinvestment by encouraging financial institutions to support the affordable housing needs of lower-income residents through various programs. These initiatives include community development lending, affordable housing, and linked deposit programs. Additionally, the organization supports and provides opportunities for low and moderate-income residents to become self-sufficient by engaging in education, job training, and employment programs. By doing so, they aim to reduce their reliance on public benefits and lessen their burden on the government. Furthermore, they offer social services to bolster business enterprises, self-sufficiency, and family and community improvement efforts of low and moderate-income residents.


Official website here: www.hacep.org

Who is the CEO of Paisano Housing Re-Development Corp?

Satish Bhaskar is the Commissioner of Paisano Housing Re-Development Corp. The CEO's salary of Paisano Housing Re-Development Corp is $0 and their total compensation is $0.


Official website here: www.hacep.org

What is the revenue of Paisano Housing Re-Development Corp?

Paisano Housing Re-Development Corp's revenue in 2022 was $38,704,103.


Official website here: www.hacep.org

Who are the executives of Paisano Housing Re-Development Corp and what are their salaries?


Here are 6 key members and their salaries (Paisano Housing Re-Development Corp's CEO's salary is $0 and their total compensation is $0):


Sandy Azco (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Carrasco (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jose Balderrama (Resident Commisioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Reyes (Vice-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Cichon (Chief Executive Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Satish Bhaskar (Chief Financial Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hacep.org

Where can I find the form 990 for Paisano Housing Re-Development Corp?

Paisano Housing Re-Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hacep.org

Learn more at the official website: www.hacep.org

Mission Statement of Paisano Housing Re-Development Corp

Paisano Housing Re-Development Corp, a renowned non-profit organization, is dedicated to improving the quality of life for economically challenged families. The cornerstone of their mission lies in developing, financing, and managing quality affordable housing. By doing so, they strive to provide opportunities for self-sufficiency, enabling families to reduce their dependence on public benefits and contribute less to government.

Beyond housing, Paisano Housing Re-Development Corp extends its reach to community reinvestment. They finance institutions to support the affordable housing needs of lower income residents, employing community development lending, affordable housing, or linked deposit programs. Their primary goal is to ensure that everyone has access to safe and affordable living spaces, regardless of their financial situation.

Moreover, Paisano Housing Re-Development Corp empowers low and moderate income residents by offering them opportunities to undertake business enterprises. Their education, job training, and employment programs equip individuals with the necessary skills to become self-sufficient and independent. The organization also provides social services to support business enterprises, self-sufficiency, and family and community improvement efforts.

In summary, Paisano Housing Re-Development Corp is a leading non-profit organization that promotes community reinvestment and improves the lives of economically challenged families. Through affordable housing initiatives, business development opportunities, and social services, they create sustainable solutions for individuals and communities.

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Impact




October, 2024

Paisano Housing Re-Development Corp significantly enhances the quality of life for economically challenged families by focusing on the development, financing, and management of quality affordable housing. Their efforts help to ensure that lower-income residents have access to safe and affordable living conditions, directly addressing one of the critical needs in underprivileged communities.

Beyond just housing, Paisano promotes community reinvestment by collaborating with financial institutions to meet the affordable housing needs of residents. This includes community development lending and linked deposit programs, which are essential for creating sustainable solutions for low-income families.

Furthermore, the organization empowers residents by supporting their endeavors to achieve self-sufficiency. They offer education, job training, and employment programs that help individuals reduce their reliance on public benefits. By fostering business enterprises and providing the necessary social services, Paisano contributes to community resilience and economic stability.

Overall, Paisano Housing Re-Development Corp plays a vital role in transforming lives and communities in El Paso, Texas, creating pathways for residents to thrive and improve their circumstances through integrated housing and support services.




This information is meant to be a general summary of Paisano Housing Re-Development 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.

Revenue
$38,704,103 (2022)
Expenses
-$7,640,424 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,277,426
  • Program Service Revenue: $25,618,534
  • Gross Receipts: $38,895,960

Assets and Liabilities:

  • Total Assets: $370,474,608
  • Total Liabilities: $109,498,148
  • Net Assets: $260,976,460

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DEVELOPER'S FEES

Revenue

$7,253,637

Organization Details

Founding Year

1996

Principal Officer

Satish Bhaskar

Main Address

304 TEXAS AVE SUITE 1600, EL PASO, TX, 79901

NTEE Category

Code: L21Z - Housing

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