Overview
What is Acres Home Chamber For Business And Economic Development Inc?
Acres Home Chamber For Business And Economic Development Inc is a nonprofit organization located at 6112 WHEATLEY STREET, HOUSTON, TX, 77091. Their primary mission is to serve and support their community by promoting education and entrepreneurship, aiming to foster business growth. During the COVID-19 pandemic in 2022, they conducted educational workshops virtually for small business owners and the community, covering topics such as customer service, setting up a WordPress website, and updates to EIDL. Their activities are driven by a team of one dedicated individual.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Acres Home Chamber for Business and Economic Development Inc has received a low performance score of 53%, which indicates significant areas for improvement in accountability and finance. The organization has no independent board members, which raises concerns about governance and oversight. Although they have a good program expense ratio of 70.58%, suggesting that a substantial portion of their expenses goes towards programs, the absence of critical policies, such as conflict of interest and whistleblower policies, highlights a lack of robust operational standards.
Additionally, the nonprofit has failed to provide essential documentation on its website, including its tax forms and other governance documents, which further detracts from its transparency. They have not reported any material diversion of assets, which is a positive aspect, but their overall lack of compliance with basic governance practices is concerning. Stakeholders may want to consider these factors when assessing the organization's reliability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Acres Home Chamber For Business And Economic Development Inc legitimate?
Acres Home Chamber For Business And Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acres Home Chamber For Business And Economic Development Inc 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: $31,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Acres Home Chamber For Business And Economic Development Inc?
The Acres Home Chamber for Business and Economic Development Inc's mission is centered around serving the community by facilitating business growth through education. The organization aims to assist the community in its expansion by promoting, supporting, and encouraging education and entrepreneurship. During the COVID-19 pandemic in 2022, they conducted educational classes for small business owners and community members in a virtual setting, collaborating with SCORE on topics such as customer service, building a business network, setting up a WordPress website, and understanding business updates.
Who is the CEO of Acres Home Chamber For Business And Economic Development Inc?
Warren Fitzgerald Muhamma is the Principal Officer of Acres Home Chamber For Business And Economic Development Inc. The CEO's salary of Acres Home Chamber For Business And Economic Development Inc is $24,000 and their total compensation is $24,000.
What is the revenue of Acres Home Chamber For Business And Economic Development Inc?
Acres Home Chamber For Business And Economic Development Inc's revenue in 2022 was $100,447.
Who are the executives of Acres Home Chamber For Business And Economic Development Inc and what are their salaries?
The average compensation at Acres Home Chamber For Business And Economic Development Inc during 2022 was $31,200. There is 1 employee and 5 volunteers at Acres Home Chamber For Business And Economic Development Inc.
Here are 7 key members and their salaries (Acres Home Chamber For Business And Economic Development Inc's CEO's salary is $24,000 and their total compensation is $24,000):
- Compensation: $24,000
- 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: $7,200
- Related: $0
- Other: $0
Where can I find the form 990 for Acres Home Chamber For Business And Economic Development Inc?
Acres Home Chamber For Business And Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Acres Home Chamber For Business And Economic Development Inc
Acres Home Chamber for Business and Economic Development Inc is dedicated to serving its community by promoting business development through education. Their mission is to assist in the growth of the community by advocating for education and entrepreneurship. During the COVID-19 pandemic in 2022, they conducted educational workshops for small business owners and community members in a virtual setting. These workshops, in collaboration with SCORE, covered topics such as customer service, setting up a WordPress website, and updates on the Economic Injury Disaster Loan (EIDL). These initiatives demonstrate the organization's commitment to supporting local businesses and fostering a thriving community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Acres Home Chamber For Business And Economic Development Inc significantly contributes to the economic vitality of its community through targeted educational initiatives designed for small business owners and aspiring entrepreneurs. The organization’s commitment to business development is evident in its focus on providing practical training and resources that facilitate growth and sustainability.
In response to the challenges presented by the COVID-19 pandemic, the Chamber pivoted to virtual workshops, ensuring uninterrupted access to critical learning opportunities. These workshops, conducted in collaboration with SCORE, addressed essential topics such as customer service excellence, building a robust business portfolio, website setup skills, and understanding updates to financial resources like the Economic Injury Disaster Loan (EIDL).
By promoting education and entrepreneurship, the Chamber not only empowers individuals with the skills and knowledge necessary for success but also fosters a sense of community growth and resilience. This approach not only aids in personal development but also enhances the overall economic landscape of Houston, TX, as community members become more equipped to launch and sustain businesses, ultimately driving local economic progress.
This information is meant to be a general summary of Acres Home Chamber For Business And Economic Development Inc. 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: $25
- Program Service Revenue: $23,163
- Gross Receipts: $129,135
Assets and Liabilities:
- Total Assets: $949,545
- Total Liabilities: $80,766
- Net Assets: $868,779
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$12,950
Organization Details
Founding Year
1994
Phone
(832) 433-7916Principal Officer
Warren Fitzgerald Muhamma
Main Address
6112 WHEATLEY STREET, HOUSTON, TX, 77091
NTEE Category
Code: S20 - Community improvement
If you are a representative of Acres Home Chamber For Business And Economic Development Inc 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.