Hcs Houston House Inc

Nonprofit profile at a glance

EIN
742630744
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
San Antonio, TX, USA
Phone
2108214300
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$660,071
Expenses
$576,072
Assets
$3,189,790
Liabilities
$2,662,395

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • JACLYN SWOODRING (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JACLYN SWOODRING (EXECUTIVE DIRECTOR): $352,294 total reported compensation
  • JAMES BUTCHER (MANAGEMENT AGENT CFO): $204,078 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

As a nonprofit corporation, the organization mission is to (1) make adequate housing available to poor and underprivileged residents and to foster the creation and preservation of housing for low- and moderate-income residents (family households) and (2) to establish, provide, make available, and administer self-improvement and wellness centers and/or such services for the residents of low-income housing communities. The organization is an associate of housing and community services, inc. (hcs). Hcs qualifies as a statewide community housing development organization (chdo) under the criteria established by the Texas department of housing and community affairs. Hcs qualifies as a statewide chdo by virtue of reserving one-third (1/3) of the membership of the organization board of directors for low-income representatives.

What it reported doing in 2024

The organization continued its primary activity of owning and operating the houston house apartments, a 50-unit apartment complex located in victoria, Texas under the low-income housing preservation and resident homeownership act (lihprha)of 1990 for the benefit of families and individuals needing low-income housing.the organization continued to preserve the project as low-income housing by maintaining property operations in compliance with the regulations of the u.s. Department of housing and urban development (hud). The organization maintained a hud property based section 8 housing assistance payment (hap) rental assistance contract for all 50 units. The hap rent assisted units were made available to families and individuals with incomes of less than 30% of area median income.in addition, the organization operations were maintained in accordance with the provisions of a land use restriction agreement (lura) executed between the organization and the Texas department of housing and community affairs (tdhca), which remains in effect until december 22, 2044.the organization continued to receive the following tax exemptions: internal revenue service 501(c)(3) income tax exemption.victoria county, Texas, appraisal district 100% property tax exemption.state of Texas franchise tax exemption.state of Texas sales tax exemption.the organization continued to provide programs, activities, and services for the youth and adult residents.in late 2013 the organization began a rehabilitation project to preserve the houston house apartments (property) as quality low- income housing. In december 2014, the organization closed on a $2,300,000 non- recourse home first lien mortgage payable to the tdhca. Proceeds of the loan were used in 2015 and 2016 for the construction needed to rehabilitate the property. Through 2016 housing and community services, inc. (hcs) advanced $415,000 for costs associated with obtaining the loan and providing construction advance funding. In addition to the tdhca loan for the rehabilitation project, hud approved a subordinate surplus cash note payable to hcs in the amount of $357,053. Finally, with the closing of the tdhca loan, hudson housing capital, llc provided a $46,000 grant solely for the rehabilitation project. The rehabilitation project was completed during 2016.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 66
  • Accountability: 95
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.3%; rating input score 80
  • Program expense ratio: 92.8%; rating input score 93
  • Fundraising efficiency: Limited

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: Limited
  • 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: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.7%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 5.54; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.83; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 7.6%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 80.3% of revenue deployed · 92.8% of spending went to programs
  • Governance: 6 of 6 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $535K in reported program spending
  • Leadership: top reported pay $352K · 8 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 69 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.