Overview
What is Brownsville Affordable Home Ownership Corporation?
Brownsville Affordable Home Ownership Corporation is a nonprofit organization based in Brownsville, Texas, specifically at 3401 OLD HIGHWAY 77 STE B, 78520. Their primary mission is to enhance the quality of life in Brownsville by promoting and preserving affordable housing, homeownership, and economic opportunities. They achieve this by purchasing in-fill lots within the city, constructing single-family homes under the affordable housing program, and assisting families whose income falls below 80% of the median family income for the area. The organization is committed to providing equal access to safe, decent, and affordable housing, contributing to Brownsville's growth and development with a team of five dedicated individuals.
Official website here: www.mybrownsvillehome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
The Brownsville Affordable Home Ownership Corporation has received an overall score of 82%, reflecting a strong standing in terms of accountability and financial health. The organization boasts a fully independent board with 100% of its members being independent, which is a significant strength. Additionally, it demonstrates responsible financial practices with a program expense ratio of 83.77%, indicating efficient use of funds toward its mission of affordable housing.
However, there are notable weaknesses in the governance policies of the organization. It lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which detracts from its overall governance score. Moreover, the absence of the nonprofit's tax form on its website may limit transparency for potential donors and stakeholders.
Overall, while the Brownsville Affordable Home Ownership Corporation shows promise with solid financial practices and governance structure, it has areas for improvement in its policy framework to enhance accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Brownsville Affordable Home Ownership Corporation legitimate?
Brownsville Affordable Home Ownership Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brownsville Affordable Home Ownership 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: $173,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $268,404
For more financial information, click here
Official website here: www.mybrownsvillehome.org
What is the mission statement of Brownsville Affordable Home Ownership Corporation?
The Brownsville Affordable Home Ownership Corporation has a mission to improve living conditions by supporting community initiatives to preserve and expand affordable housing, homeownership, and economic opportunities. Their objective is to provide equal access to safe, decent, and affordable housing for all. To achieve this, they have acquired in-fill lots in various cities and constructed single-family homes under the affordable housing program, assisting families whose income falls below 80% of the median family income for the area.
Official website here: www.mybrownsvillehome.org
Who is the CEO of Brownsville Affordable Home Ownership Corporation?
Steven Solis is the Trustee/Dir. of Brownsville Affordable Home Ownership Corporation.
Official website here: www.mybrownsvillehome.org
What is the revenue of Brownsville Affordable Home Ownership Corporation?
Brownsville Affordable Home Ownership Corporation's revenue in 2022 was $780,671.
Official website here: www.mybrownsvillehome.org
Who are the executives of Brownsville Affordable Home Ownership Corporation and what are their salaries?
The average compensation at Brownsville Affordable Home Ownership Corporation during 2022 was $88,313. There are 5 employees at Brownsville Affordable Home Ownership Corporation.
Here are 6 key members and their salaries:
- Compensation: $173,160
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mybrownsvillehome.org
Where can I find the form 990 for Brownsville Affordable Home Ownership Corporation?
Brownsville Affordable Home Ownership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mybrownsvillehome.org
Learn more at the official website: www.mybrownsvillehome.org
Mission Statement of Brownsville Affordable Home Ownership Corporation
Brownsville Affordable Home Ownership Corporation, in its mission, strives to enhance the living conditions of its community by backing local efforts to preserve and expand affordable housing, homeownership, and economic opportunities. The organization's primary objective is to ensure equal access to safe, decent, and affordable housing for its residents, who typically fall below 80% of the median family income for the area. To accomplish this, the corporation purchases in-fill lots within the city of Brownsville and constructs single-family homes under its affordable housing program. By doing so, the corporation is able to assist families in need of affordable housing options.
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Impact
July, 2024
Brownsville Affordable Home Ownership Corporation's impact can be seen in the tangible outcomes of its efforts to make Brownsville a better place to live. Through the purchase of in-fill lots in the city of Brownsville and the construction of single-family homes under the affordable housing program, the organization has directly benefited families who were under 80% of the median family income for the area. By providing equal access to safe, decent, and affordable housing, Brownsville Affordable Home Ownership Corporation has helped improve the quality of life for residents in the community, contributing to the overall well-being and stability of the area.
This information is meant to be a general summary of Brownsville Affordable Home Ownership 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.
- Gross Receipts: $3,089,595
Assets and Liabilities:
- Total Assets: $2,310,456
- Total Liabilities: $1,371,847
- Net Assets: $938,609
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Organization Details
Phone
(956) 621-2813Principal Officer
Steven Solis
Main Address
3401 OLD HIGHWAY 77 STE B, BROWNSVILLE, TX, 78520
Website
www.mybrownsvillehome.orgNTEE Category
Code: L80 - Housing
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