Overview
What is Tcc Hill Country Development Corporation?
Tcc Hill Country Development Corporation is a nonprofit organization based in Austin, Texas, dedicated to improving the living conditions of Travis County residents by lessening government burdens and preventing community decay. It operates for the benefit of Travis County and its political subdivisions, such as Travis County Housing Finance Corporation, to provide affordable housing for low and moderate-income residents, promote economic development, and carry out the purposes of the Texas Housing Finance Corporations Act. As the general contractor for affordable housing developments in Austin, Tcc Hill Country Development Corporation plays a crucial role in constructing decent, safe, and sanitary homes for the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
Tcc Hill Country Development Corporation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The organization scores well in several governance aspects, such as having a fully independent board and no material diversion of assets, which reflects a commitment to ethical leadership.
However, the charity's Program Expense Ratio is exceptionally high at 99.98%, suggesting that a vast majority of its expenditures are directed toward programs, which is positive. Nonetheless, the Liabilities to Assets Ratio of 82.29% raises alarms about the organization's financial stability, indicating it has high liabilities in relation to its assets. This could limit its capacity to sustain operations or respond to unforeseen challenges.
Overall, while the charity showcases strengths in governance and program spending, it faces critical challenges related to its financial health that potential donors and stakeholders should consider carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Tcc Hill Country Development Corporation legitimate?
Tcc Hill Country Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tcc Hill Country Development 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:
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What is the mission statement of Tcc Hill Country Development Corporation?
The Tcc Hill Country Development Corporation operates for the benefit of Travis County, Texas, and its political subdivisions. Its primary purpose is to lessen government burdens, prevent community decay, and reduce neighborhood tensions. It accomplishes this by assisting Travis County and its political subdivisions, including the Travis County Housing Finance Corporation, in providing decent, safe, and sanitary housing at affordable prices for low and moderate-income residents. Additionally, the corporation promotes certain economic development initiatives for the citizens of Travis County, and carries out the purposes of the Texas Housing Finance Corporations Act in various ways.
Who is the CEO of Tcc Hill Country Development Corporation?
Andrea Shields is the President of Tcc Hill Country Development Corporation.
What is the revenue of Tcc Hill Country Development Corporation?
Tcc Hill Country Development Corporation's revenue in 2022 was $15,263,558.
Who are the executives of Tcc Hill Country Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Tcc Hill Country Development Corporation?
Tcc Hill Country Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tcc Hill Country Development Corporation
Tcc Hill Country Development Corporation, a nonprofit organization, dedicates itself to the betterment of Travis County, Texas, and its political subdivisions. Its primary objective is to alleviate the burdens of government, prevent community decay, and reduce neighborhood tensions by providing assistance to these entities. Specifically, the corporation helps Travis County, Texas, and its political subdivisions, including the Travis County Housing Finance Corporation, to achieve three key goals.
Firstly, Tcc Hill Country Development Corporation works to provide decent, safe, and sanitary housing at affordable prices for low and moderate-income residents of Travis County, Texas. This mission is essential in ensuring that everyone in the community has access to a secure living environment, which is crucial for maintaining stable and healthy neighborhoods.
Secondly, the corporation supports certain economic development initiatives for the citizens of Travis County, Texas. By investing in and promoting these projects, the organization contributes to the economic growth and well-being of the community.
Lastly, Tcc Hill Country Development Corporation carries out various purposes as outlined in the Texas Housing Finance Corporations Act. The corporation's overarching goal is to make a positive impact on the lives of Travis County residents, creating a more livable and prosperous community for all.
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Impact
October, 2024
TCC Hill Country Development Corporation significantly impacts Travis County, Texas, by providing affordable housing solutions and promoting economic development initiatives. By acting as a general contractor in various joint ventures, it oversees the construction of affordable housing developments in Austin, ensuring access to decent, safe, and sanitary housing for low and moderate-income residents. This commitment not only addresses the urgent need for housing but also helps prevent community decay and reduces neighborhood tensions. Additionally, the corporation collaborates with local political subdivisions, further enhancing its mission to support government efforts and improve the overall quality of life for citizens in Travis County. Through its initiatives, TCC Hill Country Development Corporation plays a crucial role in fostering a more equitable and sustainable community.
This information is meant to be a general summary of Tcc Hill Country Development 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: $15,246,099
- Gross Receipts: $15,263,558
Assets and Liabilities:
- Total Assets: $10,216,569
- Total Liabilities: $8,407,958
- Net Assets: $1,808,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSTRUCTION MANAGEMENT FEES
Revenue
$14,050,305
DEVELOPER FEE INCOME
Revenue
$999,531
ASSET AND PARTNERSHIP MANAGEMENT
Revenue
$154,263
COMPLIANCE MONITORING FEE INCOME
Revenue
$42,000
Organization Details
Founding Year
2016
Phone
(512) 854-9116Principal Officer
Andrea Shields
Main Address
700 LAVACA ST 1560, AUSTIN, TX, 78701
NTEE Category
Code: L20 - Housing
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