Overview
What is Hacienda Community Development Corp?
Hacienda Community Development Corp is a nonprofit organization based in Portland, Oregon, with a workforce of 54 employees. They specialize in affordable housing and commercial property development and management. Their portfolio includes 11 residential properties, an administrative office building with two commercial spaces, the Portland Mercado, a small business and food services incubator, public market, plaza, and food cart pod, and the Baltazar F. Ortiz Community Center, which houses a county health clinic and family resource center. Hacienda is currently co-developing Las Flores, a 171-unit multi-family affordable housing development in Oregon City, scheduled to open in late 2023. In response to the housing crisis, Hacienda initiated a project called Mass Casitas in partnership with the Port of Portland and the State of Oregon, focusing on modular housing using mass timber. This innovative approach aims to address the need for more affordable housing options throughout the state. Overall, Hacienda's mission is to strengthen families by providing affordable housing, ownership support, economic advancement, and educational opportunities.
Official website here: www.haciendacdc.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Hacienda Community Development Corp receives a strong rating of 96% from Charity Navigator, which reflects its high standards in accountability and finance. This rating is based entirely on a single beacon score, emphasizing the organization's commitment to financial transparency and responsible governance. The charity boasts a fully independent board of directors, ensuring diverse oversight and decision-making.
The organization excels in various financial metrics, such as a program expense ratio of 84.34%, indicating that a significant portion of its income is directed towards its mission-related activities. Additionally, there are no reported issues regarding the diversion of assets, which showcases the charity's integrity and reliability in managing its resources.
Overall, Hacienda Community Development Corp demonstrates strong financial health and effective governance practices. However, while the financial aspects are commendable, further insights into its program outcomes and community impact would provide a more rounded understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hacienda Community Development Corp legitimate?
Hacienda Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hacienda Community Development Corp 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: $340,829
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,798,666
For more financial information, click here
Official website here: www.haciendacdc.org
What is the mission statement of Hacienda Community Development Corp?
Hacienda Community Development Corp is a Latino organization dedicated to strengthening families by providing affordable housing and supportive services. The corporation goes beyond just housing development, as it also offers homeownership support, economic advancement, and educational opportunities. Hacienda's mission encompasses the creation of affordable living spaces and commercial properties. Among its developments are residential properties, an administrative office building, the Portland Mercado, the Baltazar F. Ortiz Community Center, and various other projects. In response to the increasing need for affordable housing, Hacienda initiated a new approach by developing and constructing modular housing prototypes called Mass Casitas, in partnership with the Port of Portland and the State of Oregon.
Official website here: www.haciendacdc.org
Who is the CEO of Hacienda Community Development Corp?
Ernesto Fonseca is the Ceo of Hacienda Community Development Corp. The CEO's salary of Hacienda Community Development Corp is $157,491 and their total compensation is $167,099.
Official website here: www.haciendacdc.org
What is the revenue of Hacienda Community Development Corp?
Hacienda Community Development Corp's revenue in 2022 was $15,053,915.
Official website here: www.haciendacdc.org
Who are the executives of Hacienda Community Development Corp and what are their salaries?
The average compensation at Hacienda Community Development Corp during 2022 was $58,139. There are 54 employees and 102 volunteers at Hacienda Community Development Corp.
Here are 19 key members and their salaries (Hacienda Community Development Corp's CEO's salary is $157,491 and their total compensation is $167,099):
- Compensation: $157,491
- Related: $0
- Other: $9,608
- Compensation: $122,460
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- Other: $9,212
- Compensation: $108,497
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- Other: $10,120
- Compensation: $106,718
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- Other: $9,169
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Official website here: www.haciendacdc.org
Where can I find the form 990 for Hacienda Community Development Corp?
Hacienda Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.haciendacdc.org
Learn more at the official website: www.haciendacdc.org
Mission Statement of Hacienda Community Development Corp
Hacienda Community Development Corp, a Latino community development corporation, is dedicated to strengthening families by providing affordable housing, homeownership support, economic advancement, and educational opportunities. This organization's mission is to make a difference in people's lives by creating affordable living environments and offering essential support services.
Beyond developing and managing 11 residential properties, Hacienda has expanded its reach by constructing community spaces. These include an administrative office building with commercial spaces, the Portland Mercado - a small business and food services incubator, public market, plaza, and food cart pod, and the Baltazar F. Ortiz Community Center. The Ortiz Center is home to a county health clinic and family resource center, providing valuable resources to community members. Furthermore, Hacienda is partnering with Community Development Partners to co-develop Las Flores, a 171-unit multi-family affordable housing development scheduled to open in late 2023.
To address the pressing need for more affordable housing options, Hacienda has embarked on an innovative approach. In 2022, they began developing and constructing prototypes of modular housing using mass timber, called Mass Casitas. This project, a collaboration with the Port of Portland and the State of Oregon, aims to provide affordable housing solutions throughout the state. With a commitment to creating thriving communities and providing essential resources to families, Hacienda Community Development Corp continues to make a positive impact on the lives of those it serves.
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Impact
October, 2024
Hacienda Community Development Corp plays a transformative role in the Portland area by creating affordable housing and supporting community growth. It has developed and manages multiple residential properties, totaling eleven, alongside commercial spaces that enhance local economic vitality. The Portland Mercado serves as a vibrant incubator for small businesses and food services, fostering economic opportunities for entrepreneurs in the community.
The organization also contributes significantly to community health and resource access through the Baltazar F. Ortiz Community Center, which houses essential services like a county health clinic and a family resource center. By co-developing impactful projects such as Las Flores, a new 171-unit affordable housing development scheduled to open in late 2023, Hacienda addresses the pressing need for more housing options in Oregon City.
Innovatively tackling housing challenges throughout the state, Hacienda began construction on the Mass Casitas project, which utilizes modular housing made from mass timber. This initiative, in collaboration with the Port of Portland and the State of Oregon, reflects a forward-thinking approach to affordable housing solutions.
Overall, Hacienda Community Development Corp strengthens families and communities by enhancing housing access, promoting economic advancement, and providing educational opportunities, significantly impacting the lives of many residents in the area.
This information is meant to be a general summary of Hacienda Community Development Corp. 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: $314,413
- Program Service Revenue: $5,135,456
- Gross Receipts: $15,090,800
Assets and Liabilities:
- Total Assets: $41,049,921
- Total Liabilities: $20,567,704
- Net Assets: $20,482,217
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,323,693
DEVELOPER FEES
Revenue
$1,497,285
SERVICE REVENUE
Revenue
$262,881
OTHER INCOME
Revenue
$51,597
Organization Details
Founding Year
1988
Phone
(503) 595-2111Principal Officer
Ernesto Fonseca
Main Address
6700 NE KILLINGSWORTH ST, PORTLAND, OR, 97218
Website
www.haciendacdc.orgNTEE Category
Code: S20 - Community improvement
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