Overview
What is Houston Esperanza?
Houston Esperanza is a nonprofit organization situated in Houston, Texas, with a postal address. Their primary mission is to provide affordable housing options for individuals with low incomes. They accomplish this by initiating and managing various housing projects that cater to this demographic. Houston Esperanza's activities are geared towards improving the living conditions and overall well-being of low-income individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Houston Esperanza has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, with an overall score of 82%. The organization boasts a 100% independent board, showcasing its commitment to governance and transparency. This is further emphasized by perfect scores in financial statements audit and the absence of material diversion of assets, indicating robust financial practices.
The nonprofit demonstrates a high program expense ratio of 87.78%, which suggests that a significant portion of its funds is directed towards its mission-driven programs rather than administrative costs. Moreover, the organization maintains thorough documentation of board meeting minutes, which is a positive indicator of operational transparency and accountability.
While Houston Esperanza has a commendable rating, there is always room for improvement, particularly in enhancing its visibility and outreach. Overall, the organization appears to be effectively managed and dedicated to its objectives, making it a worthy consideration for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Houston Esperanza legitimate?
Houston Esperanza is a legitimate nonprofit organization registered as a 501(c)(3) entity. Houston Esperanza 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: $0
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What is the mission statement of Houston Esperanza?
Houston Esperanza's mission is centrally focused on developing beneficial activities and housing projects for individuals with low income. The organization strives to achieve this by creating affordable housing options for this demographic. By undertaking these projects, Houston Esperanza aims to positively impact the lives of those who are economically disadvantaged. The organization's activities are geared towards improving the living conditions and overall well-being of these individuals.
What is the revenue of Houston Esperanza?
Houston Esperanza's revenue in 2023 was $4,205,720.
Who are the executives of Houston Esperanza and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Houston Esperanza?
Houston Esperanza's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Houston Esperanza
Houston Esperanza, a nonprofit organization, is committed to developing activities and housing projects that positively impact low-income individuals. The organization's mission is centered around this goal, aiming to enhance the living conditions and opportunities for those in need. Houston Esperanza accomplishes this by providing affordable housing solutions. By doing so, the organization plays a significant role in uplifting the lives of low-income individuals, contributing to a more equitable society.
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Impact
July, 2024
Houston Esperanza's impact lies in providing affordable housing to low-income individuals in the Houston area. By developing housing projects and organizing activities that benefit those in need, Houston Esperanza plays a crucial role in addressing the housing challenges faced by low-income residents. Through its work, Houston Esperanza contributes to improving the quality of life and well-being of individuals who may otherwise struggle to find safe and affordable housing options.
This information is meant to be a general summary of Houston Esperanza. 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 2023.
- Investment Income: $134,366
- Program Service Revenue: $4,071,354
- Gross Receipts: $4,205,720
Assets and Liabilities:
- Total Assets: $4,192,462
- Total Liabilities: $401
- Net Assets: $4,192,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Development Fees
Revenue
$216,052
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$1,783,402
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Revenue
$63,691
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Revenue
$1,896,513
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Revenue
$131,621
Organization Details
Founding Year
1994
Principal Officer
John Gonzales
NTEE Category
Code: L80 - Housing
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