Overview
What is Azteca Economic Development Corp?
Azteca Economic Development Corp is a nonprofit organization, situated in Dimmitt, Texas (ZIP Code 79027), dedicated to providing low-income housing for around 64 families. These families are primarily engaged in agricultural-related employment in Castro County, Texas. The organization's mission is under the supervision of the USDA Rural Development, aiming to offer a secure living space for these families within the agricultural sector. The primary goal is to enhance the quality of life for these families in the rural area, providing them with a stable housing solution.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Overall score: 60%
Azteca Economic Development Corp has received a two-star rating from Charity Navigator, indicating a need for improvement in its financial accountability and transparency practices. While the organization has a perfect score in board independence and structure, it lacks essential policies such as conflict of interest and whistleblower protections, which are crucial for governance. Additionally, important documents like their tax form are not available on their website, contributing to their lower ratings.
The organization does show strengths in its financial management, with a program expense ratio of approximately 59.63%, suggesting that a significant portion of its funds is directed toward its programs and services. The liabilities to assets ratio stands at 20.89%, indicating a manageable level of debt relative to its assets. This highlights a degree of financial stability, even as other accountability measures fall short.
Overall, while Azteca Economic Development Corp demonstrates a commitment to its mission through program spending, significant gaps in transparency and governance policies limit its effectiveness and trustworthiness. Improving these areas could enhance its rating and better serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Azteca Economic Development Corp legitimate?
Azteca Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Azteca Economic 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: $65,000
For more financial information, click here
What is the mission statement of Azteca Economic Development Corp?
The Azteca Economic Development Corp is committed to providing affordable housing for approximately 64 families who are primarily engaged in agricultural employment. This initiative falls under the supervision of the USDA Rural Development, ensuring that these families can reside in suitable living conditions. The organization's primary objective is to support the agricultural community by providing them with secure and economical housing solutions. This effort aims to enhance the quality of life for these families while fostering a stable living environment. The project is designed to cater specifically to this community, prioritizing their needs and ensuring they have access to decent housing options.
Who is the CEO of Azteca Economic Development Corp?
Joe Porter is the President of Azteca Economic Development Corp.
What is the revenue of Azteca Economic Development Corp?
Azteca Economic Development Corp's revenue in 2021 was $531,951.
Who are the executives of Azteca Economic Development Corp and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $41,600
- Related: $0
- Other: $0
- Compensation: $23,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Azteca Economic Development Corp?
Azteca Economic Development Corp's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Azteca Economic Development Corp
Azteca Economic Development Corp is dedicated to providing affordable housing for approximately 64 families primarily engaged in agricultural employment in Castro County, Texas. Operating under the supervision of USDA Rural Development, this nonprofit organization aims to address the housing needs of this specific community, ensuring that they have a secure and comfortable living space. By focusing on families involved in agriculture-related work, Azteca Economic Development Corp seeks to support and uplift a crucial sector of the local economy, providing them with stable housing that can contribute to their overall well-being.
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Impact
July, 2024
Azteca Economic Development Corp's impact is significant in providing low-income housing for approximately 64 families primarily engaged in agricultural employment in Castro County, Texas. Under the supervision of USDA Rural Development, this organization plays a crucial role in addressing housing needs for this specific demographic. By offering affordable housing options, Azteca Economic Development Corp enhances the quality of life for these families and contributes to the overall stability and well-being of the agricultural community in the region.
This information is meant to be a general summary of Azteca Economic 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $12,549
- Program Service Revenue: $312,809
- Gross Receipts: $531,951
Assets and Liabilities:
- Total Assets: $4,997,238
- Total Liabilities: $1,007,905
- Net Assets: $3,989,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL & LATE FEES
Revenue
$312,809
Organization Details
Phone
(806) 647-3406Principal Officer
Joe Porter
Main Address
910 EAST JONES, DIMMITT, TX, 79027
NTEE Category
Code: L20Z - Housing
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