Overview
What is Plano Housing Corporation?
Plano Housing Corporation, a nonprofit based in Lewisville, Texas, is committed to enhancing housing opportunities in Collin County. They collaborate with the City of Plano to construct not-for-profit housing and rehabilitate urban areas, focusing on benefiting the city's residents, particularly those facing disadvantages. In 2019, they began construction of Phase One of Patriot Park, offering 139 units for artists and veterans, with plans for Phase Two to add additional units. They also built Veranda Townhomes for workforce housing in North Plano, completed in 2020. These properties, like Patriot Park, are fully occupied, and Plano Housing Corporation supports their residents during the pandemic. They've also invested in potential projects in the greater Phoenix area. Their mission is deeply rooted in the community, with Douglas Visions providing social services and numerous volunteer hours contributing to their work.
Official website here: www.planohousingcorporation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
The Plano Housing Corporation has been rated at 77% by Charity Navigator, reflecting a Three-Star rating largely based on its accountability and financial practices. This score is derived entirely from its Accountability & Finance beacon. The organization demonstrates strong financial oversight, with no material diversion of assets and a commendable program expense ratio of 78.55%, indicating that a significant portion of its funds goes directly toward its mission-related activities.
One notable area of concern is the lack of independent board members, as the organization currently has 0% independent members. This raises potential questions about governance and oversight, which is an important aspect of nonprofit accountability. However, the organization has established several robust policies, including a conflict of interest policy and a whistleblower policy, which are well-documented and contribute positively to its governance framework.
Overall, while the Plano Housing Corporation shows strengths in financial metrics and has established important governance policies, the absence of independent board members could be seen as a limitation in terms of transparency and accountability. Stakeholders may want to consider this when evaluating the organization's overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Plano Housing Corporation legitimate?
Plano Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plano 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: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,517
For more financial information, click here
Official website here: www.planohousingcorporation.org
What is the mission statement of Plano Housing Corporation?
Plano Housing Corporation is dedicated to constructing and improving not-for-profit housing and urban rehabilitation, collaborating with local authorities. The organization's primary objective is to benefit all citizens and residents, with a particular focus on assisting disadvantaged individuals. Plano Housing Corporation has completed Phase One of a two-phase project, Patriot Park, with 139 units, offering housing to the general population, including artists and veterans. The organization has also developed 40 townhomes for workforce housing. To support its residents, Plano Housing Corporation collaborates with community organizations, providing social services through nonprofits like Douglas Visions. During the pandemic, the corporation has worked with local individuals and organizations to meet the needs of its residents. Plano Housing Corporation is also exploring potential Veteran housing opportunities in other regions.
Official website here: www.planohousingcorporation.org
Who is the CEO of Plano Housing Corporation?
Jean Brown is the Executive Dir. of Plano Housing Corporation.
Official website here: www.planohousingcorporation.org
What is the revenue of Plano Housing Corporation?
Plano Housing Corporation's revenue in 2022 was $51,344.
Official website here: www.planohousingcorporation.org
Who are the executives of Plano Housing Corporation and what are their salaries?
The average compensation at Plano Housing Corporation during 2022 was $85,258. There are 2 employees and 45 volunteers at Plano Housing Corporation.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.planohousingcorporation.org
Where can I find the form 990 for Plano Housing Corporation?
Plano Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.planohousingcorporation.org
Learn more at the official website: www.planohousingcorporation.org
Mission Statement of Plano Housing Corporation
Plano Housing Corporation, a non-profit organization, is dedicated to constructing not-for-profit housing and facilitating urban rehabilitation. This is carried out in collaboration with local city authorities, with the primary aim of benefiting all residents within the community. The organization's mission is to acquire, establish, improve, and maintain housing for the betterment of all citizens, particularly those who face disadvantages.
Plano Housing Corporation has made significant strides in this regard. For instance, through Plano Family 001, LP, the organization has developed Phase One Patriot Park, a housing project in downtown Plano. This project, which consists of 139 units, prioritizes artists and veterans. The project is part of a larger two-phase initiative, with an estimated completion date in mid-2021. Additionally, Plano Housing Corporation has built Veranda Townhomes, offering 40 units of workforce housing in North Plano. This project, completed in 2020, is fully occupied and fully leased.
In line with its mission, Plano Housing Corporation also provides social services to the residents of Patriot Park and Veranda Townhomes, partnering with local nonprofits and community organizations to ensure the well-being and success of its residents. The organization's efforts in constructing and maintaining affordable housing, as well as its commitment to supporting its residents, demonstrate its dedication to improving the lives of its community members.
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Impact
August, 2024
Plano Housing Corporation's impact can be seen through its active involvement in providing not-for-profit housing and urban rehabilitation initiatives in collaboration with the City of Plano, Texas. The organization has undertaken projects like Patriot Park and Veranda Townhomes, which have provided affordable housing options for a diverse range of residents, including artists and veterans.
Through its efforts, Plano Housing Corporation has successfully completed projects like Patriot Park Phase One, which consists of 139 units, and Veranda Townhomes, comprising 40 units. These developments have been instrumental in addressing the housing needs of the community, with a focus on workforce housing and serving disadvantaged individuals in Plano and Collin County.
Furthermore, by engaging with local partners and nonprofit organizations like Douglas Visions, Plano Housing Corporation has been able to offer social services and support to residents, ensuring their well-being and fostering community integration. The organization's innovative approaches, such as the Project Based Walker Vouchers and collaborations with Citibank for potential Eco homes in Garland, demonstrate its commitment to creating sustainable and inclusive housing solutions.
Looking ahead, Plano Housing Corporation's expansion efforts into the Greater Phoenix area for Veteran housing projects reflect its dedication to replicating successful models and serving a broader population in need. By leveraging its resources and partnerships, the organization continues to make a meaningful impact in providing housing opportunities and supporting the overall well-being of communities.
This information is meant to be a general summary of Plano 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: $28,588
- Program Service Revenue: $22,756
- Gross Receipts: $51,344
Assets and Liabilities:
- Total Assets: $4,616,762
- Total Liabilities: $50,000
- Net Assets: $4,566,762
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Housing and Urban Rehab
Revenue
$22,756
Organization Details
Founding Year
1992
Phone
(214) 906-1085Principal Officer
Jean Brown
Main Address
2320 King Arthur Blvd, Lewisville, TX, 75056
NTEE Category
Code: L20 - Housing
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