Hispanic Housing Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 362889871 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Hispanic Housing Development Corporation?

The Hispanic Housing Development Corporation is a Chicago-based nonprofit organization dedicated to neighborhood development through affordable housing and other real estate projects. With a team of 434 employees, they focus on revitalizing distressed urban areas of metropolitan Chicago and suburban Illinois for economically disadvantaged individuals and families. Their mission encompasses economic development, affordable housing, urban renewal, and regeneration.


Is Hispanic Housing Development Corporation legitimate?

Hispanic Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hispanic Housing Development 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.

Here are some key statistics you may want to consider:

Executive Compensation: $1,290,842
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Hispanic Housing Development Corporation?
Who is the CEO of Hispanic Housing Development Corporation?
What is the revenue of Hispanic Housing Development Corporation?
Who are the executives of Hispanic Housing Development Corporation and what are their salaries?
Where can I find the form 990 for Hispanic Housing Development Corporation?

Mission Statement of Hispanic Housing Development Corporation

The Hispanic Housing Development Corporation, a dedicated nonprofit organization, focuses on neighborhood development through affordable housing and various real estate projects. Situated in metropolitan Chicago and suburban areas of Illinois, this institution targets minority and economically disadvantaged individuals and families in distressed areas, striving for economic development, affordable housing, urban renewal, and gentrification.

By engaging in the development of real estate projects, the Hispanic Housing Development Corporation contributes significantly to the well-being of underprivileged communities. Their mission is multi-faceted, encompassing not only the provision of affordable housing but also contributing to the economic growth of distressed neighborhoods. Their efforts aim to uplift individuals and families, offering them the opportunity to thrive in safe and affordable environments.

In their pursuit of affordable housing, the Hispanic Housing Development Corporation takes on a vital role in the revitalization of urban areas. They create opportunities for economically disadvantaged individuals and families to secure stable housing, ultimately leading to improved overall community conditions. Through their dedication to economic development, the organization also fosters a positive impact on local economies, generating jobs and stimulating growth.

Impact

This information is meant to be a general summary of Hispanic Housing Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Hispanic Housing Development Corporation's impact extends deep into the communities they serve. By focusing on neighborhood development through affordable housing and other real estate projects, they are directly improving the lives of minority and economically disadvantaged individuals and families in distressed areas of metropolitan Chicago and suburban Illinois. Their commitment to providing economic opportunities, affordable housing options, and contributing to urban renewal and regeneration is helping to create more sustainable and vibrant communities. Through their work, Hispanic Housing Development Corporation is making a tangible difference in the lives of those who need it most, ultimately promoting a more equitable and inclusive society.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,229,446
  • Program Service Revenue: $8,931,205
  • Gross Receipts: $14,257,153

    • Assets and Liabilities:
  • Total Assets: $75,402,939
  • Total Liabilities: $31,832,631
  • Net Assets: $43,570,308
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROPERTY MANAGEMENT FEES

    Revenue

    $5,786,114

    AFFORDABLE HOUSING RENTAL INCOME

    Revenue

    $2,423,823

    DEVELOPER FEES

    Revenue

    $641,421

    PARTNERSHIP MGMT FEES

    Revenue

    $79,847

    Organization Details

    Founding Year

    1975

    Principal Officer

    Hipolito Roldan

    Main Address

    325 N WELLS 8TH FLOOR, CHICAGO, IL, 60654

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Hispanic Housing Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.