Hace

What it reported doing in 2024

Commercial revitalization/main street program the main street program builds thriving commercial corridors or "main streets" which are critical to economically viable and healthy neighborhoods. This nationally recognized program provides a comprehensive and coordinated approach to commercial redevelopment. This program has a four-point approach which brings crucial services to residents and businesses for the creation of jobs, business attraction, and promoting the circulation of dollars within the community towards greater economic stability. Expenses 570,835. Including grants of 0. Revenue 0. Neighborhood advisory committee program the neighborhood advisory committee ("nac") program is one of the major ways that hace engages with residents in the community. Through the nac program, hace holds monthly community meetings, hosts multiple active subcommittees, and engages in various projects and activities for the benefit of the community. The greatest benefit of the nac program is the neighborhood advisory subcommittee ("nas"), a group of residents elected by their peers to represent the interests of the community. The nac is a platform by which residents can affect physical and social change through community meetings, zoning hearings, event planning, outreach, and advocacy. Expenses 184,464. Including grants of 0. Revenue 0. Livability program the hace livability academy ("academy") is a citizen's empowerment program devoted to action-based work addressing key issues identified in the hace 2025 neighborhood plan. The academy will provide instruction and interactive activities to develop skills related to community organizing, communication, conflict resolution, problem solving, and ultimately grant writing for continued sustainability. The academy is dynamic in nature as it serves as a catalyst of change empowering residents and other interested stakeholders with a comprehensive understanding of issues facing their community, resources at their disposal, and the soft skills required for leading a team through a process of community-based transformational change. The entire academy is designed to elevate residents- and stakeholders 'concern and support them as they become change agents in their neighborhood. Expenses 149,992. Including grants of 0. Revenue 0.

Financial Efficiency

• Mission deployment rate: 51.8%; rating input score 52
• Program expense ratio: 77.3%; rating input score 77
• Fundraising efficiency: $132.91 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • 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: 32.9%; rating input score 86; 86th percentile among comparable filings
• Total-asset coverage ratio: 4.99; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0.34; rating input score 31; 31st percentile among comparable filings
• Officer compensation ratio: 9.9%; rating input score 30; 30th percentile among comparable filings

Growth

• Program expense growth: 3.4% per year; rating input score 100; 30th percentile among comparable filings
• Revenue growth: 8.3% per year; rating input score 100; 61st percentile among comparable filings
• Asset growth: 7% per year; rating input score 100; 45th percentile among comparable filings