Overview
What is Houston Chinese Senior Estate Inc?
Houston Chinese Senior Estate Inc, operating under the name Rainbow Village, is a nonprofit organization situated in Houston, Texas. Their primary mission is to provide housing accommodations for the elderly community, facilitated through a HUD-assisted program. With a total of 80 housing units, they aim to offer a secure and comfortable living environment for the elderly. The organization's workforce consists of six dedicated individuals, all committed to this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Houston Chinese Senior Estate Inc has received a respectable Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The charity scored 82% overall, demonstrating effective management and transparency in its operations. A particularly strong area for the organization is its independent board, which consists of 100% independent members, ensuring a governance structure free from conflicts of interest.
The financial metrics are also commendable, with a program expense ratio of 92.38%, indicating that the majority of its expenses are directed towards its programs rather than administrative costs. Additionally, the charity has shown a strong ability to manage its financial liabilities, with a low liabilities-to-assets ratio of 2.02%. The presence of an Audit and Oversight Committee further enhances its financial scrutiny and integrity.
While the charity shows strong performance in many areas, the overall score of 82% suggests there is still room for improvement. However, the absence of material diversion of assets and the documentation of board meeting minutes reflect a commitment to accountability and transparency in its operations. Overall, Houston Chinese Senior Estate Inc is positioned as a reliable nonprofit dedicated to serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Houston Chinese Senior Estate Inc legitimate?
Houston Chinese Senior Estate Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Houston Chinese Senior Estate 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: $149,194
For more financial information, click here
What is the mission statement of Houston Chinese Senior Estate Inc?
Houston Chinese Senior Estate Inc's mission is focused on providing housing solutions for the elderly. Through a HUD-assisted program, they aim to offer 80 residential units. The organization's primary activity is centered around this objective, ensuring all services are aligned with this program. Their mission is to contribute positively to the elderly population by providing them with suitable living spaces.
Who is the CEO of Houston Chinese Senior Estate Inc?
Alice Hung is the Chairman of Houston Chinese Senior Estate Inc.
What is the revenue of Houston Chinese Senior Estate Inc?
Houston Chinese Senior Estate Inc's revenue in 2022 was $549,576.
Who are the executives of Houston Chinese Senior Estate Inc and what are their salaries?
The average compensation at Houston Chinese Senior Estate Inc during 2022 was $24,866. There are 6 employees at Houston Chinese Senior Estate Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Houston Chinese Senior Estate Inc?
Houston Chinese Senior Estate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Houston Chinese Senior Estate Inc
Houston Chinese Senior Estate Inc, a nonprofit organization, is dedicated to providing housing solutions for the elderly. Through a HUD-assisted program, they aim to offer 80 housing units specifically designed for this demographic. All of their programs and services are aligned with this primary objective, ensuring that seniors have access to appropriate living spaces. The organization's mission is to enhance the living conditions and well-being of elderly individuals by providing them with secure and comfortable housing units.
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Impact
July, 2024
Houston Chinese Senior Estate Inc's impact lies in providing essential housing for the elderly through a HUD-assisted program. By offering 80 housing units specifically tailored to meet the needs of elderly individuals, this organization plays a vital role in ensuring that this demographic has access to safe and affordable living accommodations. Additionally, by focusing on this specific mission, Houston Chinese Senior Estate Inc contributes to the overall well-being and quality of life of the elderly population in Houston, TX.
This information is meant to be a general summary of Houston Chinese Senior Estate 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: $2,423
- Program Service Revenue: $547,153
- Gross Receipts: $549,576
Assets and Liabilities:
- Total Assets: $1,881,763
- Total Liabilities: $26,500
- Net Assets: $1,855,263
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$364,796
RENT REVENUE
Revenue
$182,357
Organization Details
Founding Year
1997
Phone
(713) 995-4538Principal Officer
Alice Hung
Main Address
6300 CORPORATE DRIVE, HOUSTON, TX, 77036
NTEE Category
Code: L22 - Housing
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