Overview
What is Nacogdoches Housing Development Corp?
Nacogdoches Housing Development Corp. is a nonprofit organization established with a mission to cater to the housing needs of low-income residents in Nacogdoches County, Texas. By developing, managing, and operating affordable housing units, this organization aims to contribute positively to the local community. Its primary objective is to ensure that every citizen in the area has access to decent living spaces, regardless of their financial status. The corporation's activities are centered around the development, management, and operation of low-income housing within Nacogdoches County, Texas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Nacogdoches Housing Development Corp has received a low rating of 53%, indicating significant concerns regarding its governance and transparency practices. The organization has no independent board members, leading to potential conflicts of interest and lack of oversight. While there are no reported material diversions of assets, several critical policies related to governance, such as conflict of interest and whistleblower policies, are missing.
On a positive note, the organization demonstrates a strong commitment to its programs, with an impressive program expense ratio of 86.46%. This suggests that a large majority of its expenditures are directed towards its charitable activities rather than administrative costs. The liabilities to assets ratio is also favorable at 0.09%, reflecting a solid financial status.
However, the absence of key governance documents on its website, including its tax form and policies, raises transparency issues. This lack of accessible information could result in decreased trust from potential donors and stakeholders. Overall, while the organization is effectively utilizing its resources for its mission, its governance shortcomings warrant attention and improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Nacogdoches Housing Development Corp legitimate?
Nacogdoches Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nacogdoches Housing 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: $6,425
For more financial information, click here
What is the mission statement of Nacogdoches Housing Development Corp?
Nacogdoches Housing Development Corp is committed to developing, managing, and operating affordable housing for individuals within the community. Their mission is centered around providing suitable living spaces for low-income citizens, ensuring they can reside in a secure and comfortable environment. The organization actively works towards this goal by overseeing the development, management, and operation of these housing units. This commitment extends to ensuring the housing meets necessary standards and is well-maintained, thereby enhancing the quality of life for those who reside in these properties.
Who is the CEO of Nacogdoches Housing Development Corp?
Kameron Pleasant is the Board Member of Nacogdoches Housing Development Corp.
What is the revenue of Nacogdoches Housing Development Corp?
Nacogdoches Housing Development Corp's revenue in 2023 was $32,874.
Who are the executives of Nacogdoches Housing Development Corp and what are their salaries?
The average compensation at Nacogdoches Housing Development Corp during 2023 was $6,425. There is 1 employee at Nacogdoches Housing Development Corp.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Nacogdoches Housing Development Corp?
Nacogdoches Housing Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nacogdoches Housing Development Corp
Nacogdoches Housing Development Corp, as a nonprofit organization, is dedicated to a mission that involves developing, managing, and operating low-income housing for the residents of a specific county. Their primary goal is to provide affordable living solutions for individuals who may be financially disadvantaged. By taking on this mission, Nacogdoches Housing Development Corp aims to contribute positively to the community, ensuring that everyone has access to decent living conditions, regardless of their financial situation. The organization's activities revolve around the development, management, and operation of low-income housing, demonstrating their commitment to improving the living standards of those in need.
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Impact
October, 2024
Nacogdoches Housing Development Corp significantly impacts the community by developing, managing, and operating low-income housing for residents of Nacogdoches County, Texas. By providing affordable housing options, it enhances the quality of life for individuals and families facing economic challenges. The corporation addresses the pressing need for safe and stable living environments, thereby promoting community stability and wellness.
Through its initiatives, Nacogdoches Housing Development Corp not only offers shelter but also contributes to the overall economic and social fabric of the area. By ensuring that low-income individuals have access to decent housing, it helps to reduce homelessness and improve living conditions. This organization fosters a sense of community and belonging, empowering residents to thrive and participate actively in local life.
Overall, the organization's efforts create a ripple effect, positively influencing other sectors such as education, public health, and local economies, making it a vital player in the well-being of Nacogdoches County.
This information is meant to be a general summary of Nacogdoches Housing 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 2023.
- Investment Income: $1,411
- Program Service Revenue: $31,463
- Gross Receipts: $32,874
Assets and Liabilities:
- Total Assets: $902,414
- Total Liabilities: $849
- Net Assets: $901,565
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$24,879
MORTGAGE INTEREST
Revenue
$6,584
Organization Details
Founding Year
1997
Phone
(936) 569-1131Principal Officer
Kameron Pleasant
Main Address
715 SUMMIT ST, NACOGDOCHES, TX, 75961
NTEE Category
Code: L20Z - Housing
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