Overview
What is Hip Housing Affordable Ventures Inc?
Hip Housing Affordable Ventures Inc is a California-based nonprofit organization situated in San Mateo, specifically at 800 S Claremont St Suite 210. Their primary mission is to support and benefit Human Investment Project, Inc., a related California nonprofit public benefit corporation. This secondary organization focuses on enhancing housing and improving the lives of individuals within its community. To achieve this, Hip Housing Affordable Ventures Inc offers various housing-related services such as consulting, management, advisory, and other relevant assistance to housing projects serving low-income households. With a dedicated workforce of 21 employees, the organization strives to make a significant impact in its community by promoting affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Hip Housing Affordable Ventures Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. With an overall score of 90%, the charity demonstrates effective financial management and transparency, largely supported by its exemplary beacon scores in critical areas such as independent board membership and effective audit oversight.
The organization boasts a fully independent board, which enhances its governance integrity. Additionally, it has a solid program expense ratio of 96.64%, indicating that a significant portion of its financial resources is directed towards its mission rather than administrative costs. The absence of material asset diversion and the presence of essential policies, including conflict of interest and whistleblower protections, further underscore its commitment to ethical practices.
While the charity's outstanding financial practices are notable, potential donors may wish to explore the specific programs and outcomes associated with Hip Housing. Understanding the direct impact of its efforts in affordable housing ventures could provide a more comprehensive view of its effectiveness and community reach.
This AI summary has been generated from information found on Charity Navigator.
Is Hip Housing Affordable Ventures Inc legitimate?
Hip Housing Affordable Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hip Housing Affordable Ventures 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: $547,295
For more financial information, click here
What is the mission statement of Hip Housing Affordable Ventures Inc?
Hip Housing Affordable Ventures Inc is committed to supporting and benefiting Human Investment Project Inc, a related California nonprofit organization with a focus on public benefit. Their primary aim is to improve housing and enhance the lives of individuals within their community. To achieve this, Hip Housing Affordable Ventures Inc provides low-cost consulting, management, advisory, and other housing-related services for projects designed to serve low-income households. Their objective is to contribute to the betterment of their community by improving housing opportunities and living conditions for its residents.
Who is the CEO of Hip Housing Affordable Ventures Inc?
Kate Comfort Harr is the Executive Dir. of Hip Housing Affordable Ventures Inc.
What is the revenue of Hip Housing Affordable Ventures Inc?
Hip Housing Affordable Ventures Inc's revenue in 2022 was $885,597.
Who are the executives of Hip Housing Affordable Ventures Inc and what are their salaries?
The average compensation at Hip Housing Affordable Ventures Inc during 2022 was $26,062. There are 21 employees at Hip Housing Affordable Ventures Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $186,799
- Other: $22,495
- Compensation: $139,693
- Related: $0
- Other: $20,567
- Compensation: $0
- Related: $137,458
- Other: $13,647
- Compensation: $111,806
- Related: $0
- Other: $7,106
- 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
Where can I find the form 990 for Hip Housing Affordable Ventures Inc?
Hip Housing Affordable Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hip Housing Affordable Ventures Inc
Hip Housing Affordable Ventures Inc is an organization with a mission to support and benefit Human Investment Project, Inc., a California nonprofit public benefit corporation. This related entity focuses on improving housing and enriching the lives of people within its community. To accomplish this, Hip Housing Affordable Ventures Inc provides a range of services, including low-cost consulting, management, advisory, and other housing-related assistance for projects that serve low-income households. By offering these services, Hip Housing Affordable Ventures Inc aims to contribute to Human Investment Project, Inc.'s exempt purpose of enhancing housing and living conditions for the community it serves.
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Impact
July, 2024
Hip Housing Affordable Ventures Inc's impact can be seen in its dedicated efforts to improve housing and the lives of low-income households in its community. Through low-cost consulting, management, advisory, and other housing-related services, the organization works tirelessly to support housing projects that serve those in need. By contributing to the creation of affordable housing options, Hip Housing Affordable Ventures Inc plays a crucial role in addressing homelessness and housing insecurity, ultimately enhancing the quality of life for individuals and families facing financial challenges.
This information is meant to be a general summary of Hip Housing Affordable Ventures 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $50,257
- Program Service Revenue: $682,365
- Gross Receipts: $885,597
Assets and Liabilities:
- Total Assets: $2,498,276
- Total Liabilities: $314,742
- Net Assets: $2,183,534
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCOUNTING FEES
Revenue
$9,240
COMPLIANCE SERVICE FEES
Revenue
$9,000
MAINTENANCE SERVICE FEES
Revenue
$271,736
MISCELLANEOUS INCOME
Revenue
$2,003
PROPERTY MANAGEMENT FEES
Revenue
$390,386
Organization Details
Founding Year
1997
Phone
(650) 348-6660Principal Officer
Kate Comfort Harr
Main Address
800 S Claremont St Suite 210, San Mateo, CA, 94402
NTEE Category
Code: L20 - Housing
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