Overview
What is Tierra Del Sol Housing Corporation?
Tierra Del Sol Housing Corporation, situated in Las Cruces, New Mexico, is a dedicated nonprofit organization with a mission to assist homeowners in need of rehabilitation. Their primary focus is on providing training and technical support in self-help and various housing programs. Moreover, they strive to develop, acquire, construct, and offer decent, affordable housing and related facilities tailored to the unique living requirements of specific populations. With a team of 20 employees, they work tirelessly to support their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
Tierra Del Sol Housing Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The overall score is derived from a comprehensive evaluation of their Accountability & Finance, which scored 79%. This indicates that the organization is managing its resources in a responsible manner, contributing positively to its operational integrity.
The organization demonstrates strong governance, with 100% of its board members being independent. It has implemented effective policies, including those related to conflict of interest and whistleblowing, which help to ensure ethical operations. Additionally, the absence of any material diversion of assets enhances the trustworthiness of the nonprofit, showcasing their commitment to transparency.
A notable strength is the high Program Expense Ratio of 87.78%, indicating that a significant portion of their funding is directed toward programs rather than administrative costs. The liabilities to assets ratio of 23.27% further suggests a sound financial position. However, while the rating is commendable, potential donors may want to consider the organization’s overall impact and service delivery in conjunction with these financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Tierra Del Sol Housing Corporation legitimate?
Tierra Del Sol Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tierra Del Sol 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: $87,213
Professional Fundraising Fees: $0
Other Salaries and Wages: $845,447
For more financial information, click here
What is the mission statement of Tierra Del Sol Housing Corporation?
Tierra Del Sol Housing Corporation's mission is centered around providing training and technical assistance in the field of self-help and various housing programs. The corporation aims to develop, acquire, construct, and offer decent, affordable housing and related facilities that cater to the unique living requirements of specific needs groups. Their activities extend to rehabilitating and reconstructing homes, assisting owner-occupants in improving their living spaces. In essence, Tierra Del Sol Housing Corporation is committed to enhancing housing opportunities and facilitating self-sufficiency for individuals with special needs.
What is the revenue of Tierra Del Sol Housing Corporation?
Tierra Del Sol Housing Corporation's revenue in 2023 was $2,505,341.
Who are the executives of Tierra Del Sol Housing Corporation and what are their salaries?
The average compensation at Tierra Del Sol Housing Corporation during 2023 was $46,633. There are 20 employees at Tierra Del Sol Housing Corporation.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Tierra Del Sol Housing Corporation?
Tierra Del Sol Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tierra Del Sol Housing Corporation
Tierra Del Sol Housing Corporation is committed to providing training and technical assistance in the field of self-help and various housing programs. Their mission extends beyond this, as they also aim to develop, acquire, construct, provide, and generate decent, affordable housing and related facilities that cater to the unique living requirements of specific populations. This nonprofit organization is dedicated to improving the quality of housing for those in need, ensuring that the accommodations are both suitable and affordable.
In addition to their housing development initiatives, Tierra Del Sol Housing Corporation offers rehabilitation and reconstruction services. These programs are designed to assist owner-occupants in improving their homes, providing them with the necessary resources to enhance their living conditions. By offering this support, the organization helps individuals and families maintain a decent living environment, thereby improving their overall quality of life.
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Impact
July, 2024
Tierra Del Sol Housing Corporation's impact lies in its mission to provide training and technical assistance in the field of self-help and other housing programs, as well as to develop, acquire, construct, provide, and generate decent affordable housing and related facilities geared to special needs living requirements. Through its housing rehabilitation and reconstruction efforts, Tierra Del Sol Housing Corporation assists owner occupants in receiving home rehabilitation, ultimately contributing to the improvement of living conditions and the availability of affordable housing in Las Cruces, NM. By focusing on housing needs and providing necessary support, Tierra Del Sol Housing Corporation addresses a critical aspect of community development and welfare.
This information is meant to be a general summary of Tierra Del Sol 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 2023.
- Investment Income: $16,621
- Program Service Revenue: $213,101
- Gross Receipts: $2,505,341
Assets and Liabilities:
- Total Assets: $14,177,740
- Total Liabilities: $3,373,539
- Net Assets: $10,804,201
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARGES FOR SERVICES
Revenue
$59,714
OTHER REVENUE
Revenue
$2,505
REAL ESTATE SALES
Revenue
$46,375
RENT
Revenue
$104,507
Organization Details
Principal Officer
Rose Garcia
NTEE Category
Code: L80 - Housing
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