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Houston Area Community Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 760380705 ✦ Houston, TX ✦ Designated as a 501(c)(3)

Overview

What is Houston Area Community Development Corporation?

The Houston Area Community Development Corporation (HACDC) is a Houston-based nonprofit organization dedicated to offering affordable and permanent housing solutions to low-income individuals, including those who are chronically homeless. As a Community Housing Development Corporation (CHDO), HACDC proudly owns and manages the NHH at Congress, a 57-unit single room occupancy (SRO) property. Residents of this property benefit from on-site supportive services designed to enhance their living experience. HACDC's mission is to provide not only housing but also essential support services that cater to the needs of the community.


Official website here: www.newhopehousing.com

Is Houston Area Community Development Corporation legitimate?

Houston Area Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Houston Area Community Development 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.

Here are some key statistics you may want to consider:

Executive Compensation: $350,976
Professional Fundraising Fees: $0
Other Salaries and Wages: $608,044

For more financial information, click here


Official website here: www.newhopehousing.com

What is the mission statement of Houston Area Community Development Corporation?

The Houston Area Community Development Corporation is a non-profit organization dedicated to providing affordable and permanent housing for low-income individuals. Based in Houston, the corporation operates a 57-unit single room occupancy property, offering shelter to those in need and the chronically homeless. The organization goes beyond just housing, offering robust on-site supportive services to help residents improve their living conditions and rebuild their lives. The mission of Houston Area Community Development Corporation is to make a meaningful difference in the lives of disadvantaged individuals by addressing their basic housing needs and providing essential support services. By focusing on affordable housing, the corporation aims to help individuals reach their full potential and contribute positively to their communities.


Official website here: www.newhopehousing.com

Who is the CEO of Houston Area Community Development Corporation?

Joy Horak-Brown is the President & Ceo of Houston Area Community Development Corporation. The CEO's salary of Houston Area Community Development Corporation is $112,401 and their total compensation is $303,063.


Official website here: www.newhopehousing.com

What is the revenue of Houston Area Community Development Corporation?

Houston Area Community Development Corporation's revenue in 2022 was $14,223,563.


Official website here: www.newhopehousing.com

Who are the executives of Houston Area Community Development Corporation and what are their salaries?

The average compensation at Houston Area Community Development Corporation during 2022 was $95,902. There are 10 employees and 17 volunteers at Houston Area Community Development Corporation.

Here are 16 key members and their salaries (Houston Area Community Development Corporation's CEO's salary is $112,401 and their total compensation is $303,063):

    Joy Horak-Brown (President & Ceo)
  • Compensation: $112,401
  • Related: $189,677
  • Other: $985

    • Tamara Foster (Vp Operations)
  • Compensation: $0
  • Related: $201,250
  • Other: $8,498

    • Ron Lastimosa (Director Of Real Estate Development)
  • Compensation: $162,486
  • Related: $0
  • Other: $8,448

    • Katie Lamb (Human Resources Director)
  • Compensation: $0
  • Related: $141,600
  • Other: $12,024

    • Ash Hussain (Director Of Finance)
  • Compensation: $0
  • Related: $131,553
  • Other: $8,456

    • Diana Gross (Director Of Fund Development)
  • Compensation: $0
  • Related: $113,750
  • Other: $5,754

    • Karen Briggs Gwin (Treasurer/Cfo (Thru Jun 2022))
  • Compensation: $0
  • Related: $92,973
  • Other: $4,183

    • Emily Abeln (Assistant Secretary (Thru Apr 2022))
  • Compensation: $64,896
  • Related: $0
  • Other: $2,745

    • Calvin Tang (Cfo (From Oct 2022))
  • Compensation: $0
  • Related: $38,718
  • Other: $0

    • Kenneth J Valach (Executive Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sanford W Criner Jr (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael M Fowler (Chair Emertius) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Preston Roe (Secretary (Thru Jul 2022)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ricardo Rivas (Secretary (From Jul 2022)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Irma G Galvan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janice E Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newhopehousing.com

    Where can I find the form 990 for Houston Area Community Development Corporation?

    The Houston Area Community Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.newhopehousing.com

    Learn more at the official website: www.newhopehousing.com

    Mission Statement of Houston Area Community Development Corporation

    Houston Area Community Development Corporation (HACDC), a Houston-based nonprofit organization, is dedicated to providing affordable and permanent housing solutions for low-income individuals. This community-focused organization goes beyond just offering housing; it also extends essential support services to its residents.

    At the heart of HACDC's mission lies the operation of NHH at Congress, a 57-unit Single Room Occupancy (SRO) property. This property serves as a sanctuary for low-income individuals and the chronically homeless, offering them a stable living environment. HACDC's commitment to its residents doesn't stop at the front door; it also ensures the provision of on-site supportive services, which add value to the lives of its inhabitants.

    Houston Area Community Development Corporation is more than just a housing provider. It is a beacon of hope for those in need. By offering affordable and permanent housing, HACDC empowers its residents to focus on improving their lives, rather than grappling with the constant struggle for shelter. The organization's unwavering dedication to its mission is reflected in its daily operations, making a significant difference in the lives of the people it serves.

    Impact

    This information is meant to be a general summary of Houston Area Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Houston Area Community Development Corporation's impact can be seen in the provision of affordable and permanent housing options for low-income individuals in Houston. Through their ownership and operation of NHH at Congress, a 57-unit single room occupancy property, they provide housing solutions for those in need, including the chronically homeless. Additionally, the organization offers robust on-site supportive services to help residents improve their quality of life and overcome challenges. This direct impact contributes to addressing housing insecurity and supporting vulnerable populations within the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $147,047
  • Program Service Revenue: $4,211,400
  • Gross Receipts: $14,223,563

    • Assets and Liabilities:
  • Total Assets: $86,408,909
  • Total Liabilities: $4,875,389
  • Net Assets: $81,533,520
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Project development fees

    Revenue

    $2,345,221

    Rental income/fees

    Revenue

    $1,484,181

    Program-related interest

    Revenue

    $269,447

    Management fees

    Revenue

    $112,551

    Organization Details

    Founding Year

    1992

    Principal Officer

    Joy Horak-Brown

    Main Address

    3315 Harrisburg Blvd 400, Houston, TX, 77003

    NTEE Category

    Code: P80 - Human services

    If you are a representative of Houston Area Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.