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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Houston Area Community Development Corporation has achieved a high rating of 96% on Charity Navigator, reflecting strong performance in accountability and finance. This score indicates that the organization operates with a high degree of transparency and responsibility, which is crucial for donor trust and support.
Strengths highlighted in the evaluation include a fully independent board and robust financial oversight mechanisms. The organization has implemented comprehensive policies related to conflicts of interest, whistleblower protection, and document retention, all of which contribute to its solid governance framework. Additionally, a significant percentage of its expenses are directed toward programs, further demonstrating commitment to its mission.
While the data does not indicate any notable limitations, the organization's focus on maintaining high standards of accountability is essential for continuous improvement and community trust. Overall, the Houston Area Community Development Corporation stands out as a well-managed nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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):
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- Compensation: $112,401
- Related: $189,677
- Other: $985
- Compensation: $0
- Related: $92,973
- Other: $4,183
- Compensation: $0
- Related: $201,250
- Other: $8,498
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- Related: $38,718
- Other: $0
- Compensation: $64,896
- Related: $0
- Other: $2,745
- Compensation: $162,486
- Related: $0
- Other: $8,448
- Compensation: $0
- Related: $131,553
- Other: $8,456
- Compensation: $0
- Related: $141,600
- Other: $12,024
- Compensation: $0
- Related: $113,750
- Other: $5,754
Official website here: www.newhopehousing.com
Where can I find the form 990 for Houston Area Community Development Corporation?
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.
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Impact
October, 2024
The Houston Area Community Development Corporation (HACDC) plays a vital role in addressing housing challenges for low-income individuals and the chronically homeless in the Houston area. By owning and operating the NHH at Congress, a 57-unit single room occupancy (SRO) property, HACDC provides essential, affordable housing options that promote stability and dignity.
In addition to housing, HACDC offers robust on-site supportive services tailored to meet the unique needs of residents. These services may include access to healthcare, job training, and financial literacy programs, which empower individuals to improve their circumstances and achieve greater self-sufficiency. By creating a supportive community environment, HACDC fosters social connections and resilience among its residents, contributing to a more cohesive and supportive neighborhood.
Overall, HACDC's impact is multifaceted, addressing not just the immediate need for housing but also the underlying challenges faced by low-income individuals. Through its efforts, HACDC enhances the quality of life for those it serves, reduces homelessness, and promotes long-term community development in Houston.
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.
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: $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
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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
Phone
(713) 222-0290Principal Officer
Joy Horak-Brown
Main Address
3315 Harrisburg Blvd 400, Houston, TX, 77003
Website
www.newhopehousing.comNTEE Category
Code: P80 - Human services
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