Overview
What is Grand Prairie Community Housing Development Organization Inc?
Grand Prairie Community Housing Development Organization Inc is a nonprofit organization situated in Grand Prairie, Texas. Their primary mission is to offer housing assistance to low-income residents in the area. They accomplish this by participating in programs with the city, constructing homes for sale and providing rental properties. In 2022, they managed the loans and houses associated with these programs. Monitored by both the city and HUD, the organization serves as a catalyst to provide affordable housing and supportive services to the residents of Grand Prairie. They offer financing alternatives, down payment assistance, and housing construction, facilitating the development of quality, safe, and affordable single-family and multi-family housing. Additionally, they provide affordable and assisted rental housing for the community through the Grand Prairie Housing Finance Corporation rental housing communities and support the citizens of Grand Prairie, Texas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Grand Prairie Community Housing Development Organization Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 79%. This score indicates a strong focus on accountability and finance, with the organization achieving full marks in several key areas, including a fully independent board and the absence of material diversions of assets. The organization has established policies on conflict of interest, whistleblower protection, and document retention, further underscoring its commitment to governance.
The organization reported a program expense ratio of 57.82%, which could be an area for improvement as it indicates that less than 60% of its expenses are directed toward program services. However, the organization maintains a healthy liabilities to assets ratio of 4.07%, suggesting sound financial management and stability.
Overall, while Grand Prairie Community Housing Development Organization Inc demonstrates notable strengths in governance and accountability, potential donors may want to consider the program expense ratio as a factor when assessing the effectiveness and impact of the organization’s activities.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Prairie Community Housing Development Organization Inc legitimate?
Grand Prairie Community Housing Development Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Prairie Community Housing Development Organization 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:
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What is the mission statement of Grand Prairie Community Housing Development Organization Inc?
The Grand Prairie Community Housing Development Organization Inc serves as a catalyst to provide affordable housing and supportive services to its residents. It achieves this by offering financing alternatives, down payment assistance, and construction funding for the development of quality, safe, and affordable single-family and multi-family housing. Additionally, the organization provides affordable and assisted rental housing and programs necessary to support its residents. The Grand Prairie Housing Finance Corporation rental housing communities and the citizens of Grand Prairie, Texas, also benefit from its initiatives.
Who is the CEO of Grand Prairie Community Housing Development Organization Inc?
Zelda Freeman is the President/Di of Grand Prairie Community Housing Development Organization Inc.
What is the revenue of Grand Prairie Community Housing Development Organization Inc?
Grand Prairie Community Housing Development Organization Inc's revenue in 2022 was $215.
Who are the executives of Grand Prairie Community Housing Development Organization Inc and what are their salaries?
There 7 volunteers at Grand Prairie Community Housing Development Organization Inc.
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Where can I find the form 990 for Grand Prairie Community Housing Development Organization Inc?
Grand Prairie Community Housing Development Organization Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grand Prairie Community Housing Development Organization Inc
Grand Prairie Community Housing Development Organization Inc serves as a catalyst to provide affordable housing and supportive services to qualified residents in various communities. Their mission is twofold: firstly, they offer financing alternatives and down payment assistance, as well as facilitate the construction of quality, safe, and affordable single-family and multi-family housing. Secondly, they provide affordable and assisted rental housing for the community through Grand Prairie Housing Finance Corporation's rental housing communities. Furthermore, Grand Prairie Community Housing Development Organization Inc supports its residents with necessary programs, ensuring a holistic approach to community living. By providing these services, the organization aims to enhance the quality of life for its residents, promoting sustainable and affordable housing solutions.
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Impact
October, 2024
Grand Prairie Community Housing Development Organization Inc has a significant impact on the lives of low-income residents in Grand Prairie, Texas, by facilitating access to affordable housing. Through its initiatives, the organization constructs and manages both homes for sale and rental properties, directly addressing the housing needs of the community.
In 2022, the organization effectively maintained the management of various program loans associated with these housing projects, ensuring that residents can benefit from well-monitored and supportive housing options. Its partnership with the City of Grand Prairie and HUD underlines a commitment to providing quality housing that aligns with the community's requirements.
By offering financing alternatives, down payment assistance, and supportive services, Grand Prairie Community Housing Development Organization plays a crucial role in enabling residents to secure safe and affordable single-family and multifamily housing. This not only contributes to the well-being of families but also fosters a sense of stability and community in Grand Prairie. Overall, their efforts are instrumental in creating a more inclusive and supportive environment for all residents, helping to improve overall quality of life in the area.
This information is meant to be a general summary of Grand Prairie Community Housing Development Organization 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: $215
- Gross Receipts: $215
Assets and Liabilities:
- Total Assets: $1,170,684
- Total Liabilities: $47,656
- Net Assets: $1,123,028
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Organization Details
Founding Year
1997
Phone
(817) 572-0949Principal Officer
Zelda Freeman
Main Address
PO BOX 532758, GRAND PRAIRIE, TX, 75053
NTEE Category
Code: L20 - Housing
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