Overview
What is Housing Development & Neighborhood Preservation Corporation?
Housing Development & Neighborhood Preservation Corporation, headquartered in Orinda, California, is a dedicated nonprofit organization. Its primary mission revolves around managing and maintaining several affordable housing developments, accommodating approximately 500 low-income individuals and families. Beyond providing shelter, the corporation operates a community center that offers life skills training programs for its tenants. These initiatives encompass social, health, and economic services, ensuring the overall well-being of the residents and their families. Particularly for youth, the center offers after-school tutorials and educational growth activities, such as computer literacy, aiming to equip underserved youngsters with the necessary tools for academic success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
The Housing Development & Neighborhood Preservation Corporation received a two-star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. While the organization boasts a fully independent board and has strong scores for its financial oversight components, it falls short in several areas, including the absence of a whistleblower policy and a document retention policy. Additionally, the organization's liabilities exceed its assets, which raises red flags about its financial stability.
On a positive note, the nonprofit dedicates a significant portion of its budget to program expenses, with a program expense ratio of 75.70%. This suggests a commitment to its mission of housing development and neighborhood preservation. The board's independence and the absence of material diversion of assets demonstrate a level of ethical governance.
However, potential donors and stakeholders may want to consider the organization's weaknesses, particularly in transparency and governance policies. The lack of posted tax forms and the missing whistleblower and document retention policies could impact the trust and confidence of supporters and beneficiaries alike.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Development & Neighborhood Preservation Corporation legitimate?
Housing Development & Neighborhood Preservation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development & Neighborhood Preservation 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: $383,398
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,526
For more financial information, click here
What is the mission statement of Housing Development & Neighborhood Preservation Corporation?
The Housing Development & Neighborhood Preservation Corporation's mission centers around the development and maintenance of low-income housing projects. They oversee several such developments, providing affordable housing for approximately 500 individuals and families. Beyond housing, the corporation also operates a community center offering life skills training programs. These programs aim to enhance the social, health, and economic well-being of their tenants and their families. Specific initiatives target youth, providing after-school tutorials and educational growth activities such as computer literacy, aiming to equip underserved youth with the necessary tools for academic competitiveness.
Who is the CEO of Housing Development & Neighborhood Preservation Corporation?
Roberto Rivera is the Ceo of Housing Development & Neighborhood Preservation Corporation. The CEO's salary of Housing Development & Neighborhood Preservation Corporation is $270,382 and their total compensation is $398,372.
What is the revenue of Housing Development & Neighborhood Preservation Corporation?
Housing Development & Neighborhood Preservation Corporation's revenue in 2022 was $2,016,578.
Who are the executives of Housing Development & Neighborhood Preservation Corporation and what are their salaries?
The average compensation at Housing Development & Neighborhood Preservation Corporation during 2022 was $71,325. There are 9 employees at Housing Development & Neighborhood Preservation Corporation.
Here are 6 key members and their salaries (Housing Development & Neighborhood Preservation Corporation's CEO's salary is $270,382 and their total compensation is $398,372):
- Compensation: $270,382
- Related: $90,617
- Other: $37,373
- Compensation: $113,016
- Related: $135,045
- Other: $21,344
- 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 Housing Development & Neighborhood Preservation Corporation?
Housing Development & Neighborhood Preservation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Development & Neighborhood Preservation Corporation
Housing Development & Neighborhood Preservation Corporation, abbreviated as HDNPC, is dedicated to the development and maintenance of low-income housing projects and related activities. This nonprofit organization's mission is multifaceted, encompassing the management of affordable housing developments that provide shelter for approximately 500 low-income individuals and families. Beyond providing housing, HDNPC also operates a community center that offers life skills training programs to its tenants. These programs are designed to enhance the social, health, and economic well-being of the tenants and their families.
The community center at HDNPC is particularly focused on the needs of underserved youth. It offers after-school tutorial and educational growth activities, such as computer literacy. By providing these tools, HDNPC aims to empower these youth to become academically competitive. The organization's commitment extends beyond housing and education, as it also offers various social and economic services to its tenants. These services are integral to the holistic development of the community, helping its members to improve their overall quality of life.
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Impact
July, 2024
Housing Development & Neighborhood Preservation Corporation's impact is significant in the community of Orinda, CA. They manage several affordable housing developments, providing homes for approximately 500 low-income individuals and families. Additionally, they run a community center that offers life skills training programs to the tenants, focusing on social, health, and economic services. Their specific programs target youth for after-school tutoring and educational growth activities such as computer literacy, aiming to empower underserved youth to become academically competitive. Through their efforts, HDNPC is making a positive difference in the lives of those they serve, helping to create a more vibrant and supportive neighborhood.
This information is meant to be a general summary of Housing Development & Neighborhood Preservation 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.
- Investment Income: $25
- Program Service Revenue: $2,016,553
- Gross Receipts: $2,016,578
Assets and Liabilities:
- Total Assets: $4,284,792
- Total Liabilities: $5,078,792
- Net Assets: -$794,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & OTHER INCOME
Revenue
$394,391
RENT - COMMERCIAL
Revenue
$498,426
RENT - RESIDENTIAL
Revenue
$1,325,886
VACANCIES
Revenue
-$202,150
Organization Details
Founding Year
1978
Phone
(925) 438-0016Principal Officer
Roberto Rivera
Main Address
50 VASHELL WAY 400, ORINDA, CA, 94563
NTEE Category
Code: L20Z - Housing
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