H A C E is located in Philadelphia, PA. The organization was established in 1980. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H A C E is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, H A C E generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY DEVELOPMENT, HOUSING COUNSELING, DEVELOPMENT OF JOBS ALONG MAIN STREET CORRIDOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL PROPERTIES - THE RENTAL PROPERTIES PROGRAM ACQUIRES AND REHABILITATES ABANDONED/VACANT COMMERCIAL AND RESIDENTIAL PROPERTIES AS PART OF ITS COMMERCIAL/RESIDENTIAL REVITALIZATION AND PRESERVATION ACTIVITIES TOWARDS THE CREATION OF JOBS AND HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME FAMILIES AND SMALL BUSINESSES.
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 407,367. 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 112,039. 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 75,507. INCLUDING GRANTS OF 0. REVENUE 0.
HOUSING COUNSELING PROGRAM SERVES AS A CORE ACTIVITY BY PROVIDING A WIDE RANGE OF COMPREHENSIVE HOUSING COUNSELING SERVICES TO REDUCE HOMELESSNESS, INCREASE HOMEOWNERSHIP, PROVIDE HOUSING EDUCATION AND TO ADOVCATE FOR THE USE OF OTHER GOVERNMENT SUPPORTED HOUSING PROGRAMS.
THE DEVELOPMENT PROGRAM IS RESPONSIBLE FOR THE PLANNING, REVITALIZATION, ACQUISITION AND FINANCING OF VACANT LAND AND BUILDINGS TO WORK TOWARDS STRENGTHENING THE NEIGHBORHOOD'S ECONOMY AND PHYSICAL ASSETS FOR THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP FOR LOW TO MODERATE INCOME FAMILIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Maria Gonzalez President | Officer | 40 | $161,440 |
Miquel Garcia Chairman | OfficerTrustee | 2 | $0 |
Rafael A Porrata-Doria Jr ESQ Vice Chairma | OfficerTrustee | 2 | $0 |
Erick Martinez Treasurer/se | OfficerTrustee | 2 | $0 |
Felicita Miranda Member | OfficerTrustee | 1 | $0 |
Gina Chapman Member | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Hc Pody Construc. Mngmt | 6/29/22 | $4,799,540 |
Stone Sherick Consulting Group Real Estate | 6/29/22 | $123,843 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,612,203 |
All other contributions, gifts, grants, and similar amounts not included above | $3,269,500 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,881,703 |
Total Program Service Revenue | $1,328,210 |
Investment income | $101 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,283,501 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $287,387 |
Compensation of current officers, directors, key employees. | $28,791 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $998,119 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $373,495 |
Payroll taxes | $82,204 |
Fees for services: Management | $0 |
Fees for services: Legal | $32,478 |
Fees for services: Accounting | $28,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $32,019 |
Office expenses | $112,694 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $9,150 |
Travel | $12,432 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $19,387 |
Interest | $298,234 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $269,158 |
Insurance | $100,889 |
All other expenses | $204,323 |
Total functional expenses | $3,272,741 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,781,758 |
Pledges and grants receivable | $1,550,792 |
Accounts receivable, net | $98,946 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $63,524 |
Net Land, buildings, and equipment | $6,131,714 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,910,809 |
Total assets | $18,537,543 |
Accounts payable and accrued expenses | $442,842 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $6,346,887 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $260,718 |
Total liabilities | $7,050,447 |
Net assets without donor restrictions | $11,487,096 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $18,537,543 |