Bracher Hdc Inc

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

EIN: 770360031 ✦ San jose, CA ✦ Designated as a 501(c)(3)

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Overview

What is Bracher Hdc Inc?

Bracher Hdc Inc is a nonprofit corporation situated in San Jose, California, with a postal address at 505 West Julian Street, 95110. Their primary mission is to provide housing solutions for individuals with low and moderate income. This encompasses directly operating housing units and serving as a general partner in partnerships that develop and manage low-income housing projects. The corporation's activities are geared towards addressing the housing needs of underserved communities, ensuring that affordable housing options are readily available.

Is Bracher Hdc Inc legitimate?

Bracher Hdc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bracher Hdc 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: $0

For more financial information, click here

What is the mission statement of Bracher Hdc Inc?

Bracher Hdc Inc's mission is centered around facilitating the development of affordable housing. The corporation actively operates housing and provides related services for low and moderate-income individuals, serving as a general partner in partnerships formed to develop housing for this demographic. Additionally, Bracher Hdc Inc is involved in limited partnerships that own and operate low-income housing projects, contributing to the provision of adequate housing for those in need.

Who is the CEO of Bracher Hdc Inc?

Preston Prince is the President of Bracher Hdc Inc.

What is the revenue of Bracher Hdc Inc?

Bracher Hdc Inc's revenue in 2022 was $36,416.

Who are the executives of Bracher Hdc Inc and what are their salaries?


Here are 2 key members and their salaries:


Preston Prince (President)
  • Compensation: $0
  • Related: $382,229
  • Other: $62,452
Aleli Sangalang (Vice President/Treasurer)
  • Compensation: $0
  • Related: $285,602
  • Other: $46,751
Where can I find the form 990 for Bracher Hdc Inc?

Bracher Hdc Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Bracher Hdc Inc

Bracher Hdc Inc, as a mission-driven organization, is dedicated to facilitating the development of affordable housing. Recognizing the need for adequate housing for low-income individuals, Bracher Hdc Inc takes an active role in this process. The corporation not only operates housing facilities but also serves as a general partner in limited partnerships that own and manage low-income housing projects. By doing so, Bracher Hdc Inc contributes to the creation and maintenance of affordable living spaces for those in need.

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Impact




October, 2024

Bracher Hdc Inc significantly contributes to addressing the housing crisis by providing essential housing solutions for low-income individuals and families in San Jose, CA. The organization plays a crucial role in developing affordable housing projects, acting as a general partner in partnerships dedicated to this mission. By creating and managing low-income housing, Bracher Hdc Inc ensures that vulnerable populations have access to safe and adequate living conditions, where few alternatives exist.

Through its operations, the organization not only offers housing but also related services that support the well-being of residents. This holistic approach addresses the interconnected challenges faced by low and moderate-income individuals, fostering stability and improved quality of life. Overall, Bracher Hdc Inc's efforts in facilitating affordable housing development have a profound impact on the community, promoting social equity and inclusion.




This information is meant to be a general summary of Bracher Hdc 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
$36,416 (2022)
Expenses
$161,896 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $36,416
  • Gross Receipts: $36,416

Assets and Liabilities:

  • Total Assets: $238,133
  • Total Liabilities: $1,519,922
  • Net Assets: -$1,281,789

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Programs

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

MANAGEMENT FEES

Revenue

$36,416

Organization Details

Founding Year

1993

Principal Officer

Preston Prince

Main Address

505 WEST JULIAN STREET, SAN JOSE, CA, 95110

NTEE Category

Code: L20 - Housing

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