nonprofit logo

Hip Housing Development Corporation

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

EIN: 943159161 ✦ San mateo, CA ✦ Designated as a 501(c)(3)

Overview

What is Hip Housing Development Corporation?

The Hip Housing Development Corporation is a nonprofit organization located in San Mateo, California. With a workforce of only three employees, this corporation addresses the housing needs of the disadvantaged, elderly, and those with physical or mental disabilities in San Mateo County. Their mission is to improve and alleviate the housing conditions of these individuals whose needs are not adequately met. They accomplish this by operating 13 apartment buildings, providing a total of 140 units for low and moderate-income residents.


Is Hip Housing Development Corporation legitimate?

Hip Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hip 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: $68,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $282,588

For more financial information, click here


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

Mission Statement of Hip Housing Development Corporation

Hip Housing Development Corporation, a renowned nonprofit organization, is dedicated to enhancing the housing conditions of those in need, particularly the physically or mentally handicapped, elderly persons, and others whose housing requirements are not being sufficiently met in San Mateo County, California. The corporation's mission is twofold: to alleviate and improve the housing situation for these vulnerable individuals.

The Hip Housing Development Corporation's primary focus is on providing adequate housing for low and moderate-income residents. To achieve this, the organization operates thirteen apartment buildings in San Mateo County, housing a total of 140 units. By offering these affordable living spaces, the corporation ensures that individuals who might otherwise struggle to secure suitable housing are provided with a safe and comfortable environment in which to live.

In summary, the Hip Housing Development Corporation is a vital resource in the community, dedicated to improving the lives of the needy, elderly, and disabled by addressing their housing needs. Through the operation of its thirteen apartment buildings, the corporation provides a critical service, enabling these individuals to live with dignity and security.

Impact

This information is meant to be a general summary of Hip 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

Hip Housing Development Corporation's impact is significant in San Mateo County, California. Through operating thirteen apartment buildings consisting of 140 units for low and moderate-income individuals, the organization plays a crucial role in alleviating and improving the housing conditions of the needy, physically or mentally handicapped, elderly persons, and others whose housing needs are not adequately met in the county. By providing affordable housing options, Hip Housing Development Corporation positively impacts the lives of its residents by ensuring they have a safe and stable place to call home.





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: $230,760
  • Program Service Revenue: $2,158,854
  • Gross Receipts: $17,611,770

    • Assets and Liabilities:
  • Total Assets: $30,487,933
  • Total Liabilities: $34,629,313
  • Net Assets: -$4,141,380
  • Programs

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

    DEVELOPER FEES

    Revenue

    $65,294

    LAUNDRY & TENANT CHARGES

    Revenue

    $35,841

    MISCELLANEOUS INCOME

    Revenue

    $8,672

    PARTNERSHIP MGMT FEES

    Revenue

    $59,883

    TENANT RENTAL INCOME

    Revenue

    $1,988,985

    Organization Details

    Founding Year

    1992

    Principal Officer

    Kate Comfort Harr

    Main Address

    800 S Claremont St Suite 210, San Mateo, CA, 94402

    NTEE Category

    Code: L300 - Housing

    If you are a representative of Hip 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.