Overview
What is Avenida Guadalupe Development Inc?
Avenida Guadalupe Development Inc is a nonprofit organization situated in San Antonio, Texas, specifically at 1313 Guadalupe Street, APT 200. Their primary focus is on providing supportive housing for the elderly, with a project comprising 59 units, funded by HUD 202. This initiative aims to offer a living space that caters to the needs of the elderly, ensuring a comfortable and secure environment for them.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
Avenida Guadalupe Development Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas for improvement. The charity scored well on accountability and finance measures, particularly in areas like having a majority independent board, independent board size, and thorough financial oversight practices.
The organization excels with a program expense ratio of 81.77%, showing that a substantial portion of its expenses is directed toward its mission-related activities. However, the charity struggles with a high liabilities to assets ratio of 173.41%, which raises concerns about its financial stability and sustainability. This discrepancy highlights a potential risk in the organization’s financial health.
Overall, Avenida Guadalupe Development Inc showcases a commitment to transparency and effective governance, but its financial challenges necessitate attention to ensure long-term viability and impact in its community efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Avenida Guadalupe Development Inc legitimate?
Avenida Guadalupe Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Avenida Guadalupe 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: $162,898
For more financial information, click here
What is the mission statement of Avenida Guadalupe Development Inc?
Avenida Guadalupe Development Inc is dedicated to providing supportive housing for the elderly through a 59-unit project, funded by HUD 202. Their mission is centered around offering a living space that caters to the elderly population, ensuring they have access to necessary resources and support. This project aims to enhance the quality of life for the elderly residents, providing them with a secure and nurturing environment.
Who is the CEO of Avenida Guadalupe Development Inc?
Gabriel Velasquez is the Chair of Avenida Guadalupe Development Inc. The CEO's salary of Avenida Guadalupe Development Inc is $0 and their total compensation is $0.
What is the revenue of Avenida Guadalupe Development Inc?
Avenida Guadalupe Development Inc's revenue in 2022 was $516,415.
Who are the executives of Avenida Guadalupe Development Inc and what are their salaries?
There 13 volunteers at Avenida Guadalupe Development Inc.
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Where can I find the form 990 for Avenida Guadalupe Development Inc?
Avenida Guadalupe Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Avenida Guadalupe Development Inc
Avenida Guadalupe Development Inc is dedicated to serving the elderly population through a 59-unit HUD 202 Supportive Housing Project. This mission involves providing a living space that caters to the needs of the elderly, ensuring they have a secure and supportive environment. The project is designed to offer more than just a place to live; it aims to enhance the quality of life for its residents by offering supportive housing services. The organization's mission aligns with the goal of fostering a sense of community and well-being among its elderly residents, providing them with the resources and care they need to lead fulfilling lives.
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Impact
July, 2024
Avenida Guadalupe Development Inc's impact can be seen through their 59 unit HUD 202 Supportive Housing Project for the Elderly in San Antonio, TX. This project provides much-needed housing and support services for elderly individuals in the community. By offering a safe and affordable living option, Avenida Guadalupe Development Inc is directly improving the quality of life for these individuals and helping to address the issue of housing insecurity among the elderly population. Their commitment to this mission is evident in the tangible difference they are making in the lives of those they serve.
This information is meant to be a general summary of Avenida Guadalupe 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: $132
- Program Service Revenue: $144,212
- Gross Receipts: $516,415
Assets and Liabilities:
- Total Assets: $1,994,775
- Total Liabilities: $3,413,031
- Net Assets: -$1,418,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$141,715
Organization Details
Founding Year
2002
Phone
(210) 223-3151Principal Officer
Gabriel Velasquez
Main Address
1313 Guadalupe Street APT 200, San Antonio, TX, 78207
NTEE Category
Code: L21 - Housing
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