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Houston AREA Community Development Corporation

Public charityFed auditsIRS 990
DBA: % ELLEN EUDY
Other · HOUSTON, TX · EIN 76-0380705

About

New Hope Housing's core purpose is to provide life-stabilizing, affordable, permanent housing with support services for people who live on very limited incomes. The nonprofit organization owns and operates single room occupancy (SRO) for individuals and affordable housing for families with children. Currently, we have four properties in pre-development, one for families and three for seniors. Without permanent housing in a safe and nurturing environment, these men, women, and children might become unhoused or live in severely substandard conditions. The residents at New Hope's SROs and supportive housing for previously homeless families earn an average of $800 a month, a direct indicator that New Hope serves Houston's citizens most at risk of becoming unhoused. Approximately 65% of our supportive housing population is formerly homeless, and many are formerly chronic 'street' homeless coping with mental health disabilities and chronic health conditions. Together with our partners, New Hope helps people come home. Our core purpose is to provide lifestabilizing, affordable, permanent housing with support services for people who live on very limited incomes. The vision for New Hope grew out of the ministry of Christ Church Cathedral-Episcopal in 1993. We are committed to carrying forward that vision by providing high-quality Housing + Services, which lay the foundation of hope for a stable life. The rental rates at all affordable housing properties operated by New Hope Housing, Inc. and its affiliates include free utilities, cable TV access, on-site support services, and, in some instances, highspeed internet. At each of the SRO properties, the front desk is staffed 24 hours a day, 7 days a week.

In care of Ellen EUDY

Donations are tax-deductible
Category
Other
Employees
25
Volunteers
16

Financial Snapshot

FY ending 2023-12-31
Revenue
$4.5M
Expenses
$6.9M
Assets
$98.3M
Liabilities
$42.1M

Financial history

$15.8M$7.9M$0
1617181920212223
RevenueExpenses
Latest FY2023: $4.5M · Peak FY2017: $15.8M · Avg: $9.2M
HOUSTON AREA COMMUNITY DEVELOPMENT CORPORATION
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Address

3315 Harrisburg BLVD APT 400
Houston, TX, 77003-246

Governance

Voting board members6
Independent members6
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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