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El Redentor Apartments Inc

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

EIN: 760461428 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is El Redentor Apartments Inc?

El Redentor Apartments Inc, situated in Houston, Texas, is a nonprofit organization dedicated to serving the housing needs of low-income elderly individuals. Operating under Section 202 of the National Housing Act, they have an agreement with the Department of Housing and Urban Development (HUD). Their primary mission is to provide suitable housing for this specific demographic, contributing to their overall well-being and comfort. The organization's activities revolve around offering housing solutions to meet the specific needs of the elderly population, thereby enhancing their living conditions under the umbrella of the National Housing Act.

Is El Redentor Apartments Inc legitimate?

El Redentor Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Redentor Apartments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,098

For more financial information, click here

What is the mission statement of El Redentor Apartments Inc?

El Redentor Apartments Inc, as per its mission, focuses on providing housing solutions for low-income elderly individuals. This is carried out under Section 202 of the National Housing Act, with the Department of HUD serving as their partner. Their primary objective is to ensure that elderly individuals with limited financial resources have access to safe and comfortable living spaces. The organization's activities are designed to support these individuals in maintaining their independence and quality of life.

Who is the CEO of El Redentor Apartments Inc?

Hector M Velazquez is the Director of El Redentor Apartments Inc.

What is the revenue of El Redentor Apartments Inc?

El Redentor Apartments Inc's revenue in 2023 was $281,179.

Who are the executives of El Redentor Apartments Inc and what are their salaries?


Here are 3 key members and their salaries:


Dorothy Touchstone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Touchstone (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hector M Velazquez (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for El Redentor Apartments Inc?

El Redentor Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of El Redentor Apartments Inc

El Redentor Apartments Inc, as stated in its mission, is dedicated to providing housing for low-income elderly individuals. This organization operates under an agreement with the Department of Housing and Urban Development, specifically under Section 202 of the National Housing Act. This mission translates into practical action, ensuring that elderly individuals with limited income have access to suitable housing accommodations. By doing so, El Redentor Apartments Inc contributes significantly to the well-being and livability of this vulnerable population.

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Impact




October, 2024

El Redentor Apartments Inc significantly contributes to the well-being of low-income elderly residents in Houston, Texas, by providing secure and affordable housing options. Through its adherence to Section 202 of the National Housing Act, the organization ensures that vulnerable seniors have access to safe living environments that enhance their quality of life.

By meeting the housing needs of elderly individuals, El Redentor Apartments Inc fosters independence and promotes healthier aging. The organization alleviates the financial burden of housing costs, allowing residents to allocate their limited resources towards other essential needs such as healthcare, groceries, and social activities. This support creates a sense of community and belonging among residents, which is particularly important for emotional and mental well-being in later years.

Moreover, by partnering with the Department of Housing and Urban Development (HUD), El Redentor Apartments Inc helps address the broader issue of housing instability among seniors, contributing to the overall effort of creating sustainable and inclusive neighborhoods in Houston. The impact of the organization extends beyond mere housing provision, as it enriches the lives of its residents and strengthens the social fabric of the community.




This information is meant to be a general summary of El Redentor Apartments 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.

Revenue
$281,179 (2023)
Expenses
$349,383 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $29
  • Program Service Revenue: $281,150
  • Gross Receipts: $281,179

Assets and Liabilities:

  • Total Assets: $1,135,027
  • Total Liabilities: $20,504
  • Net Assets: $1,114,523

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Programs

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

RENTAL OF HSG TO ELDERLY

Revenue

$281,150

Organization Details

Founding Year

1996

Principal Officer

Hector M Velazquez

Main Address

8808 FREY RD, HOUSTON, TX, 77034

NTEE Category

Code: L210 - Housing

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