Overview
What is Houston Sro Housing Corporation?
Houston Sro Housing Corporation is a nonprofit organization situated in Houston, Texas, specifically at 2211 Norfolk St No 614. Their primary focus is on providing housing for individuals with lower incomes, ensuring all their programs and services align with this mission. With a team of 12 dedicated employees, the corporation is committed to making a difference in the community by offering housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
Houston SRO Housing Corporation has achieved a high level of accountability and finance management, reflected in its 90% overall score from Charity Navigator. This impressive rating is solely based on its Accountability & Finance metrics, indicating a strong commitment to transparency and responsible stewardship of funds.
The organization demonstrates robust governance, with a fully independent board comprising eight members, and effectively manages its financial responsibilities. Key performance indicators such as a low liabilities-to-assets ratio of 3.52% and a program expense ratio of 88.55% highlight its efficient allocation of resources toward its mission.
While the ratings indicate strong financial health and governance, potential donors should consider that the score is derived exclusively from accountability and finance measures, which, while important, do not reflect other aspects such as program effectiveness or community impact. Overall, the Houston SRO Housing Corporation appears to be a well-managed nonprofit committed to serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Houston Sro Housing Corporation legitimate?
Houston Sro Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Houston Sro Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $279,611
For more financial information, click here
What is the mission statement of Houston Sro Housing Corporation?
Houston Sro Housing Corporation's mission is centered around providing housing for individuals with lower income levels. All of their program services are directly tied to this primary objective. The corporation is dedicated to ensuring that people in need have a place to call home. Their activities are geared towards this purpose, aiming to make a significant impact in the lives of those who are economically disadvantaged. The organization's focus remains on housing, and all its initiatives are designed to support this cause.
Who is the CEO of Houston Sro Housing Corporation?
Gary Chiles is the Principal Officer of Houston Sro Housing Corporation.
What is the revenue of Houston Sro Housing Corporation?
Houston Sro Housing Corporation's revenue in 2022 was $1,009,147.
Who are the executives of Houston Sro Housing Corporation and what are their salaries?
The average compensation at Houston Sro Housing Corporation during 2022 was $23,301. There are 12 employees at Houston Sro Housing Corporation.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Houston Sro Housing Corporation?
Houston Sro Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Houston Sro Housing Corporation
Houston Sro Housing Corporation is dedicated to providing housing solutions for individuals with limited income. Their mission encompasses all their program services, which are directly linked to this primary objective. In simpler terms, this nonprofit organization is committed to offering housing opportunities to those who struggle financially, ensuring that they have a roof over their heads.
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Impact
July, 2024
Houston Sro Housing Corporation's impact can be seen in its provision of housing for lower-income individuals in Houston, Texas. By offering affordable housing options, the organization plays a crucial role in addressing homelessness and housing insecurity within the community. Its mission to provide housing for those in need aligns with the goal of improving the overall well-being and stability of individuals facing economic challenges. Through their focused efforts on housing services, Houston Sro Housing Corporation positively impacts the lives of residents by creating a foundation for security and empowerment.
This information is meant to be a general summary of Houston Sro Housing 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.
- Program Service Revenue: $915,414
- Gross Receipts: $1,009,147
Assets and Liabilities:
- Total Assets: $3,975,156
- Total Liabilities: $140,010
- Net Assets: $3,835,146
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$436,156
RENT SUBSIDY- HOPWA
Revenue
$240,046
RENT SUBSIDY-SRO
Revenue
$233,406
OTHER PROJECT INCOME
Revenue
$5,806
Organization Details
Founding Year
1998
Phone
(713) 526-9470Principal Officer
Gary Chiles
Main Address
2211 NORFOLK ST NO 614, HOUSTON, TX, 77098
NTEE Category
Code: L41 - Housing
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