Overview
What is Queen City Housing Foundation?
The Queen City Housing Foundation is a nonprofit organization committed to addressing the capital improvement needs of affordable rental units for low-income families. Their primary objective is to meet the growing demands for such improvements and preserve projects funded by HUD. In addition to this, the foundation provides low-income housing, ensuring that these families have access to suitable living spaces. Their mission is multifaceted, encompassing the preservation of HUD-funded projects and the provision of essential housing solutions for those in need.
Is Queen City Housing Foundation legitimate?
Queen City Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Queen City Housing Foundation 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: $93,727
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Queen City Housing Foundation?
The Queen City Housing Foundation is committed to meeting the substantial and increasing capital improvements needs of low-income families, ensuring the availability of affordable rental units. Their primary objective is to preserve projects funded by HUD, providing a stable living environment for those in need. The foundation's activities encompass offering rental housing and implementing necessary upgrades to maintain the quality of these units.
Who is the CEO of Queen City Housing Foundation?
Horacio Pequeno is the Principal Officer of Queen City Housing Foundation.
What is the revenue of Queen City Housing Foundation?
Queen City Housing Foundation's revenue in 2022 was $541,387.
Who are the executives of Queen City Housing Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Queen City Housing Foundation?
Queen City Housing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Queen City Housing Foundation
Queen City Housing Foundation is committed to fulfilling the capital improvement needs of low-income families residing in public and affordable rental units. The organization's mission is twofold: firstly, it aims to address the large and growing capital improvement requirements of these units, ensuring they remain suitable for their intended inhabitants. Secondly, Queen City Housing Foundation is dedicated to providing and preserving low-income housing, ensuring that these families have access to safe and affordable living spaces. The foundation's objectives align with those funded by the HUD, further emphasizing its commitment to supporting vulnerable communities.
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Impact
October, 2024
Queen City Housing Foundation plays a pivotal role in enhancing the living conditions of low-income families in Mercedes, TX. By focusing on capital improvements for public, low-cost rental units, the foundation addresses essential needs that ensure the safety and comfort of housing for vulnerable communities. Their commitment not only helps to maintain but also preserves projects that are crucially funded by HUD, thereby ensuring continuity of affordable housing options.
Through their initiatives, the foundation directly contributes to the welfare of low-income families by providing quality housing solutions and fostering stable living environments. By tackling the challenges of aging infrastructure and the pressing demands for capital improvements, they create a sustainable model that impacts the broader community, ensuring that affordable housing remains accessible to those who need it most.
This information is meant to be a general summary of Queen City Housing Foundation. 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.
- Gross Receipts: $656,054
Assets and Liabilities:
- Total Assets: $2,314,631
- Total Liabilities: $2,278,889
- Net Assets: $35,742
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Organization Details
Founding Year
2020
Phone
(956) 565-3139Principal Officer
Horacio Pequeno
Main Address
306 5th St, Mercedes, TX, 78570
NTEE Category
Code: L50 - Housing
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