Overview
What is Crossroads Housing Development Corp?
Crossroads Housing Development Corp is a community-focused nonprofit organization located in Howard County, Texas. Their primary mission is to revitalize dilapidated or abandoned houses and sell them to low-income families and individuals, providing them with a stable living environment free from major renovation expenses for the initial five years. Through this initiative, Crossroads Housing Development Corp plays a crucial role in creating, managing, and developing affordable housing opportunities for citizens of Howard County and specific regions in Texas, including those west of US Highway 59. This commitment extends to assisting families in areas reflected in the TDHCA Map. With a team of dedicated employees, the organization strives to expand its reach and contribute to the well-being of its community members.
Official website here: www.chdctx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Crossroads Housing Development Corp has achieved an impressive 96% rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. This high score is predominantly derived from their excellent performance in the Accountability & Finance category, where they have demonstrated transparency and responsible fiscal practices.
The organization boasts a fully independent board, with 71% of its members maintaining independence. All financial statements undergo thorough auditing, and there are effective policies in place for conflict of interest, whistleblower protection, and document retention. Their program expense ratio is particularly noteworthy, as it indicates that nearly all of their expenses are dedicated to their mission-driven programs.
However, while the organization excels in financial accountability, specific details about their program outcomes and impact metrics are not provided in the summary. This lack of information may prevent potential donors from fully understanding the effectiveness of their programs despite the strong financial health indicated by their rating.
This AI summary has been generated from information found on Charity Navigator.
Is Crossroads Housing Development Corp legitimate?
Crossroads Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crossroads 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: $207,852
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,450
For more financial information, click here
Official website here: www.chdctx.org
What is the mission statement of Crossroads Housing Development Corp?
Crossroads Housing Development Corp is a non-profit community housing organization dedicated to creating, managing, and developing affordable housing solutions. Its mission is to provide affordable housing opportunities for citizens in various regions, including Howard County and certain areas in the State of Texas, as specified in the TDHCA Map. The organization implements initiatives such as the Big Spring Works Program, which aims to revitalize rundown or abandoned houses, restore them, and sell them to low-income families or individuals with minimal upfront renovation expenses for the initial five years of ownership. This approach enables individuals and families to secure affordable housing, fostering stable communities.
Official website here: www.chdctx.org
Who is the CEO of Crossroads Housing Development Corp?
Stacy Swisher is the Executive Director Board Secretary of Crossroads Housing Development Corp.
Official website here: www.chdctx.org
What is the revenue of Crossroads Housing Development Corp?
Crossroads Housing Development Corp's revenue in 2022 was $20,296,232.
Official website here: www.chdctx.org
Who are the executives of Crossroads Housing Development Corp and what are their salaries?
The average compensation at Crossroads Housing Development Corp during 2022 was $57,460. There are 5 employees at Crossroads Housing Development Corp.
Here are 9 key members and their salaries:
- Compensation: $180,000
- Related: $0
- Other: $72,091
- Compensation: $16,538
- Related: $0
- Other: $0
- Compensation: $10,947
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.chdctx.org
Where can I find the form 990 for Crossroads Housing Development Corp?
Crossroads Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chdctx.org
Learn more at the official website: www.chdctx.org
Mission Statement of Crossroads Housing Development Corp
Crossroads Housing Development Corp, a community housing development organization, is dedicated to assisting in the creation, management, and development of affordable housing for citizens in Howard County and various areas in Texas and regions 4, 5, 6, and 11. The mission of Crossroads Housing Development Corp is to transform rundown or abandoned houses into livable homes for low-income families and individuals, providing them with a stable environment free from major renovation expenses for the initial five years of ownership. By renovating these houses, Crossroads Housing Development Corp aims to contribute to the betterment of communities and help individuals and families in need of affordable housing. The organization's efforts extend beyond just providing a roof over their heads, as it strives to improve the living conditions for those it serves and promote sustainable, long-term growth within the communities it operates in.
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Impact
October, 2024
Crossroads Housing Development Corp significantly impacts the community by addressing the critical need for affordable housing in Howard County and surrounding areas in Texas. Through initiatives like the Big Spring Works Program, the organization revitalizes rundown or abandoned properties, transforming them into safe and inviting homes for low-income families and individuals.
This program not only provides affordable housing options but also alleviates the financial burden of major renovations in the first five years of homeownership, allowing new homeowners to settle into their homes without the stress of immediate repair costs. By focusing on community-centered development, Crossroads Housing Development Corp helps to foster stable neighborhoods and enrich the quality of life for residents, contributing positively to the local economy and social fabric.
This information is meant to be a general summary of Crossroads 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 2022.
- Investment Income: $4,026
- Program Service Revenue: $20,289,919
- Gross Receipts: $20,296,232
Assets and Liabilities:
- Total Assets: $1,389,817
- Total Liabilities: $49,769
- Net Assets: $1,340,048
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
General contractor fees-LIHTC
Revenue
$19,643,311
Contractor developer service fees
Revenue
$646,608
Organization Details
Founding Year
1999
Phone
(432) 267-2206Principal Officer
Stacy Swisher
Main Address
PO Box 1042, BIG SPRING, TX, 79721
Website
www.chdctx.orgNTEE Category
Code: L20 - Housing
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