H A C E

Organization Overview

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 06/2021, H A C E generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $4.9m during the year ending 06/2021. While expenses have increased by 12.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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.


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 ADVOCATE 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 BY THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP FOR LOW TO MODERATE INCOME FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Maria Gonzalez
President
$137,715
Miquel Garcia
Chairman
$0
Rafael A Porrata-Doria Jr ESQ
Vice Chairman
$0
Ernest E Jones
Treasurer/secretary
$0
Gina Chapman
Member
$0
Erick Martinez
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,516,648
All other contributions, gifts, grants, and similar amounts not included above$1,096,650
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,613,298
Total Program Service Revenue$1,823,108
Investment income $1,152
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$86,148
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,404,606

Grants Recieved

Over the last fiscal year, we have identified 5 grants that H A C E has recieved totaling $422,457.

Awarding OrganizationAmount
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$288,957
Fund For Philadelphia Inc

Philadelphia, PA

PURPOSE: Program Funding

$105,000
Rails To Trails Conservancy

Washington, DC

PURPOSE: TRAIL DEVELOPMENT

$20,000
$7,500
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$1,000
View Grant Recipient Profile

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