Overview
What is Hispanic Housing & Education Corporation?
The Hispanic Housing & Education Corporation, situated in Houston, Texas, is a nonprofit organization that demonstrates a twofold mission. On one hand, it offers affordable housing solutions to families and individuals who are economically disadvantaged and disabled. On the other hand, it provides educational programs for students from preschool to eighth grade. With a dedicated team of five employees, the corporation's work extends beyond just housing, seeking to uplift the community it serves by promoting learning opportunities for the younger generation as well.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Hispanic Housing & Education Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The rating is based entirely on their Accountability & Finance score, which stands at 75%. This rating signifies that the organization is performing adequately in managing its resources and adhering to best practices in governance.
The organization showcases several strengths, including a fully independent board of directors and no material diversion of assets, indicating strong governance practices. Additionally, their high program expense ratio of 97.38% highlights a commitment to channeling funds directly into programs that benefit their mission, which is a positive indicator for potential donors.
However, while the financial score is commendable, there are no additional ratings or performance indicators available that could provide a more comprehensive view of the organization's impact beyond financial accountability. This limitation suggests potential areas for improvement in transparency regarding program outcomes and overall organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hispanic Housing & Education Corporation legitimate?
Hispanic Housing & Education Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hispanic Housing & Education 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $432,975
For more financial information, click here
What is the mission statement of Hispanic Housing & Education Corporation?
The Hispanic Housing & Education Corporation is committed to providing a mission that caters to the needs of economically deprived and disabled individuals. Their primary focus is on offering affordable housing solutions. In addition to this, the corporation also extends its services to educational programs, specifically for students from pre-K to 8th grade. This dual mission aims to improve the living conditions and academic prospects of those in need.
Who is the CEO of Hispanic Housing & Education Corporation?
Michael Marguez is the Principal Officer of Hispanic Housing & Education Corporation.
What is the revenue of Hispanic Housing & Education Corporation?
Hispanic Housing & Education Corporation's revenue in 2022 was $728,718.
Who are the executives of Hispanic Housing & Education Corporation and what are their salaries?
The average compensation at Hispanic Housing & Education Corporation during 2022 was $86,595. There are 5 employees at Hispanic Housing & Education Corporation.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
Where can I find the form 990 for Hispanic Housing & Education Corporation?
Hispanic Housing & Education Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hispanic Housing & Education Corporation
Hispanic Housing & Education Corporation, as its name suggests, is committed to providing a crucial service for economically deprived individuals and the disabled. At its core, the organization's mission is to offer affordable housing solutions to low-income families. This housing is not just a place to live, but a sanctuary that provides a sense of security and stability, which are fundamental necessities for anyone.
Beyond providing affordable housing, Hispanic Housing & Education Corporation also extends its reach to the educational sector. The organization offers educational programs for students from preschool to the eighth grade. This comprehensive approach to community support aims to address not only the housing needs but also the educational needs of the families it serves. By providing a solid educational foundation, the organization is helping to build a brighter future for these families, contributing to their overall well-being and long-term success.
In essence, Hispanic Housing & Education Corporation is a beacon of hope for those in need, offering not just a roof over their heads, but also the tools and resources necessary for them to thrive and build a better future. The organization's mission is a testament to its commitment to uplifting its community, one family and one student at a time.
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Impact
July, 2024
Hispanic Housing & Education Corporation's impact is evident in its provision of affordable housing to low-income families and educational programs to pre-K through 8th-grade students in Houston, Texas. By offering housing solutions for the economically deprived and disabled individuals, the organization not only addresses the critical need for shelter but also fosters educational opportunities for young learners. Through its mission to provide low-income housing and educational support, Hispanic Housing & Education Corporation plays a vital role in improving the lives of marginalized populations and contributing to the overall well-being of the community.
This information is meant to be a general summary of Hispanic Housing & Education 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.
- Program Service Revenue: $728,718
- Gross Receipts: $728,718
Assets and Liabilities:
- Total Assets: $6,320,000
- Total Liabilities: $1,251,332
- Net Assets: $5,068,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL 1
Revenue
$726,718
OTHER INCOME, FEES & CONSTRUCTION
OTHER
Revenue
$2,000
Organization Details
Founding Year
1992
Phone
(713) 582-3535Principal Officer
Michael Marguez
Main Address
124 WEST 8TH STREET, HOUSTON, TX, 77007
NTEE Category
Code: L20Z - Housing
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