Overview
What is Indochinese Housing Development Corp?
Indochinese Housing Development Corp (IHDC) is a nonprofit organization, established in California in 1981, dedicated to enhancing community life by providing safe, comfortable, and affordable housing. With a mission to foster a vibrant and dignified community, IHDC focuses on purchasing, renovating, maintaining, and managing housing units. The organization primarily serves the Southeast Asian immigrant community in San Francisco, catering to residents whose income falls below the median income for the city. IHDC encourages participation, empowerment, and independence among its associates, organizing activities under tenant priorities and promoting indigenous leadership. Over the years, IHDC has developed programs in response to the needs of its residents and the community, offering a variety of services for all ages. The corporation currently employs 9 individuals.
Official website here: www.idhcsf.org
Is Indochinese Housing Development Corp legitimate?
Indochinese Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indochinese Housing 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: $68,908
Professional Fundraising Fees: $0
Other Salaries and Wages: $346,285
For more financial information, click here
Official website here: www.idhcsf.org
What is the mission statement of Indochinese Housing Development Corp?
The Indochinese Housing Development Corp, established in 1981, is a non-profit organization with a mission to foster a vibrant and dignified community. This is achieved by purchasing, renovating, maintaining, and managing safe, comfortable, and affordable housing. The corporation encourages participation, empowerment, and independence among its associates. Activities are organized under the direction and involvement of the tenants, with an emphasis on promoting indigenous leadership. The Indochinese Housing Development Corp provides housing for individuals with income levels below the median income for the San Francisco area, primarily serving the Southeast Asian immigrant community. Over the years, the corporation has developed programs in response to the needs of its residents and the community.
Official website here: www.idhcsf.org
What is the revenue of Indochinese Housing Development Corp?
Indochinese Housing Development Corp's revenue in 2023 was $1,544,963.
Official website here: www.idhcsf.org
Who are the executives of Indochinese Housing Development Corp and what are their salaries?
The average compensation at Indochinese Housing Development Corp during 2023 was $46,133. There are 9 employees at Indochinese Housing Development Corp.
Here are 9 key members and their salaries:
- Compensation: $37,191
- Related: $0
- Other: $0
- Compensation: $34,692
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.idhcsf.org
Where can I find the form 990 for Indochinese Housing Development Corp?
Indochinese Housing Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.idhcsf.org
Learn more at the official website: www.idhcsf.org
Mission Statement of Indochinese Housing Development Corp
Indochinese Housing Development Corp (IHDC) is a non-profit organization with a mission to enhance community life by procuring, renovating, maintaining, and managing safe, comfortable, and affordable housing. Established in California in 1981, IHDC's objective is to create a vibrant and dignified community. The corporation promotes participation, empowerment, and independence among its residents, encouraging them to take an active role in the organization's activities. IHDC's initiatives are guided by the priorities, direction, and involvement of its tenants, with an emphasis on fostering indigenous leadership.
The Indochinese Housing Development Corp primarily serves residents of the Tenderloin neighborhood in San Francisco with incomes below the area's median income. The organization has a strong focus on the Southeast Asian immigrant community. Over the years, IHDC has developed programs in response to the needs of its residents and the community. The corporation offers a variety of programs for residents of all ages, aiming to promote community spirit and enhance the lives of those associated with IHDC.
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Impact
October, 2024
Indochinese Housing Development Corp (IHDC) significantly impacts the Tenderloin neighborhood of San Francisco by providing safe, comfortable, and affordable housing primarily for low-income residents, particularly within the Southeast Asian immigrant community. By owning and operating two apartment buildings—an 82-unit and a 35-unit facility—IHDC ensures that housing needs are met for individuals and families whose incomes fall below the area's median level.
IHDC's commitment goes beyond just offering housing; it actively fosters a sense of community by encouraging resident participation, empowerment, and independence. By organizing activities and creating programs that reflect tenant priorities and needs, IHDC promotes a vibrant community spirit. Leadership within the organization also emphasizes promoting indigenous leadership, ensuring that the voices of residents are heard and prioritized.
Through its various programs, which have evolved in response to the changing needs of the community, IHDC not only addresses housing insecurity but also contributes to the overall well-being of its residents. By integrating support services and community engagement, IHDC helps build a dignified and thriving environment for those it serves, ultimately enhancing the quality of life within the Tenderloin community.
This information is meant to be a general summary of Indochinese Housing 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 2023.
- Investment Income: $34,878
- Program Service Revenue: $982,687
- Gross Receipts: $1,601,655
Assets and Liabilities:
- Total Assets: $3,731,902
- Total Liabilities: $5,538,469
- Net Assets: -$1,806,567
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$982,687
Organization Details
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