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Houston Area Community Development Corporation

Houston Area Community Development Corporation

Houston, TX
Tax ID76-0380705

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About this organization

Revenue

$11,237,589

Expenses

$4,746,550

Website

newhopehousing.com

Mission

Houston Area Development Corporation (HACDC), a Community Housing Development Corporation (CHDO), owns and operates NHH at Congress, a 57 unit single room occupancy (SRO) property housing low-income individuals and the chronically homeless and offering on-site supportive services.

About

NHH at Congress 57 unitsThis property is owned and operated by Houston Area Community Development Corporation (HACDC). In 2002, HACDC became an affiliate of New Hope Housing, when the original board of directors passed governance to NHHI. The building is a moderate rehabilitation and modification of the Powell Hotel, which was established in 1925. The original renovation of the Congress property was completed in 1997 and received the Greater Houston Preservation Alliance Good Brick Award. At the end of October 2007, this property was temporarily closed for an intensive renovation and reopened in October 2010 to house the chronic homeless with disabilities. The original rehabilitation of the property performed before NHHI assumed governance was undercapitalized, and the contractor declared bankruptcy shortly after the original renovation was completed. Thus, the structure required substantial renovation and structural upgrades.

Interesting data from their 2019 990 filing

The purpose of the non-profit is stated in the filing as “New hopes core purpose is to provide life-stabilizing, affordable, permanent housing with support services for people who live on very limited incomes. currently, new hope assists individuals living alone who struggle to survive. without permanent single room occupancy (sro) housing in a safe and nurturing environment, these women and men would be literally homeless or living in severely substandard conditions. almost 80% of new hopes residents have an income of less than $800/mo. and more than 60% are formerly homeless direct indicators that new hope serves the most vulnerable citizens. incorporated in 1993 through the vision of the people of christ church cathedral-episcopal, new hope housing, inc. and its family of organizations currently develops and manages high-quality, safe and affordable sro studio apartment homes with on-site supportive services. new hope is recognized as having established the model for sro housing in the state of texas. new hopes properties are recognized na”.

Their activities were defined as: “Houston area development corporation (hacdc), a community housing development corporation (chdo), owns and operates nhh at congress, a 57 unit single room occupancy (sro) property housing low-income individuals and the chronically homeless and offering on-site supportive services.”.

  • As per legal requirements, the non-profit's state of operation is reported as TX.
  • The non-profit's address in 2019 as per the filing is 3315 Harrisburg Blvd Ste 400, Houston, TX, 77003.
  • The form of the non-profit organization shows 7 employees as of 2019.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $6,491,039.
  • The compensation policy for the CEO of the organization is established through an impartial evaluation and endorsement.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 5 independent voting members.
  • The organization was formed in 1992.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $448,797 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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