Chicanos Por La Causa

What it reported doing in 2024

Lv housing counseling chicanos por la causa's housing counseling & education program (hc&e program) is a housing and urban development (hud) approved counseling agency with more than thirty years of experience. Housing counseling services have a crucial component to the organization's mission and key service pillar. Services are designed to help households access the expert guidance needed to make sound financial decisions, identify affordable housing options, and maintain housing stability. In addition, the program supports the delivery of a variety of housing counseling services aimed at homebuyers, homeowners, renters, and residents facing homelessness. Our program is dedicated to addressing the common barriers faced by low-to-moderate income households as they attempt to navigate the many aspects of an unstable and often complicated housing market. We aim to addressing the following challenges, but not limited to; 1) access to financial literacy, 2) lack of understanding of the home purchasing process, 3) lack of disposable income, 4) bad or no credit history, 5) limited down payment, 6) need for bilingual delivery of first-time homebuyer education, 7) unstable employment, 8) unpredictable home values, 9) and affordability. As a result of these barriers, we are faced with low mortgage approval rates within underserved populations. As a hud certified agency, program delivery must include a combination of the following service areas; ppc - pre-purchase/home buying hbe-home buyer education dfc - resolving or preventing mortgage delinquency or default rhc - rental topics fbc financial management/budget counseling ndw - home maintenance and financial management for homeowners (non- delinquency post-purchase) pre-purchase counseling: housing counseling is independent, expert advice customized to the need of the client to address the client's housing barriers and to help achieve their housing goals. Chicanos por la causa (cplc) require housing counselors to follow certain processes and procedures when conducting counseling sessions and all applicable follow-up sessions. Homebuyer education program: program leadership is responsible for the development and delivery of monthly homebuyer education workshops. The purpose of the hbe curriculum is to prepare prospective buyers for the home-purchasing process and the long-term responsibilities of homeownership. In addition, it should inform participants on the importance of financial readiness (credit, budgeting, savings), the mortgage process, and available down payment assistance programs available within their state or municipality. Mortgage defualt counseling: cplc Nevada inc. Housing counseling office offers services households facing mortgage default and who may be in the process of foreclosure. Counselors act as advocates and intermediaries to help resolve the delinquency or default with lenders and/or investors. Clients can access foreclosure prevention education and counseling that are culturally and linguistically sensitive to their needs. Rental counseling: housing counselors work with clients who are seeking rental housing or existing renters facing potential delinquency or eviction. Financial management/budget counseling: housing counselors work with applicants to manage their money wisely, make sound financial decisions, and achieve financial stability for the household. A strong foundation of financial literacy can help support various life goals, such as saving for education or retirement, using debt responsibly, and running a business. Non-delinquency post purchase counseling: housing counselors help existing homeowners and homebuyers to succeed after they have purchased a home. A hud research study indicated that through post-purchase counseling, home ownership is more sustainable and results in a significant decrease in delinquencies and foreclosures.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 95.5%; rating input score 95
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 30%; rating input score 30; 6th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -28.8%; rating input score 4; 4th percentile among comparable filings
• Total-asset coverage ratio: 2.68; rating input score 71; 71st percentile among comparable filings
• Liabilities to assets ratio: 1.33; rating input score 3; 3rd percentile among comparable filings
• Officer compensation ratio: 15%; rating input score 19; 19th percentile among comparable filings

Growth

• Program expense growth: 27.3% per year; rating input score 100; 91st percentile among comparable filings
• Revenue growth: 24.8% per year; rating input score 100; 92nd percentile among comparable filings
• Asset growth: 31.2% per year; rating input score 100; 93rd percentile among comparable filings