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Independence Hall Mutual Housing Assoc

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

EIN: 760588137 ✦ Houston, TX ✦ Designated as a 501(c)(3)

Overview

What is Independence Hall Mutual Housing Assoc?

Independence Hall Mutual Housing Assoc is a nonprofit organization situated in Houston, Texas, at 6 Burress Street. Their primary mission is to enhance community stability by developing and managing affordable housing options through mutual housing ownership. They operate a 292-unit multi-family housing project, providing a secure and affordable living environment for low-income families. In addition to housing, they offer educational programs about the mutual housing model. With a team of eight employees, they strive to make a positive impact on their community.


Is Independence Hall Mutual Housing Assoc legitimate?

Independence Hall Mutual Housing Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Hall Mutual Housing Assoc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $289,609

For more financial information, click here


What is the mission statement of Independence Hall Mutual Housing Assoc?
Who is the CEO of Independence Hall Mutual Housing Assoc?
What is the revenue of Independence Hall Mutual Housing Assoc?
Who are the executives of Independence Hall Mutual Housing Assoc and what are their salaries?
Where can I find the form 990 for Independence Hall Mutual Housing Assoc?

Mission Statement of Independence Hall Mutual Housing Assoc

Independence Hall Mutual Housing Assoc was established with the mission to enhance overall community stability. This is achieved through the development and management of mutual housing ownership as an affordable alternative for low-income families. By doing so, the association aims to provide a secure and high-quality living environment for these families. Alongside this, educational activities related to the mutual housing form of organization are also provided.

Impact

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




Saturday, July 20, 2024

Independence Hall Mutual Housing Assoc's impact is significant in providing a quality, affordable, and secure housing environment for low-income families in Houston, Texas. By operating a 292-unit multi-family housing project, they offer an affordable alternative for those in need. Additionally, their focus on mutual housing ownership and management enhances community stability and empowers residents through educational activities. This organization plays a vital role in addressing housing challenges and improving the overall well-being of low-income families in Houston.





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: $63
  • Program Service Revenue: $1,391,022
  • Gross Receipts: $1,391,085

    • Assets and Liabilities:
  • Total Assets: $967,934
  • Total Liabilities: $1,129,758
  • Net Assets: -$161,824
  • Programs

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

    MULTI-FAMILY UNITS

    Revenue

    $1,362,641

    OTHER INCOME

    Revenue

    $28,381

    Organization Details

    Founding Year

    1998

    Principal Officer

    William Elsbree

    Main Address

    6 BURRESS STREET, HOUSTON, TX, 77022

    NTEE Category

    Code: L21 - Housing

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