Affordable Homes Of South Texas Inc
- Assets
- $103.5m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 90
- Location
- McAllen, TX
- Founding
- 11/1976
- Data as of
- 09/2022
- EIN
- 74-1883434
Organization Overview
Affordable Homes Of South Texas Inc is located in McAllen, TX. The organization was established in 1976. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Affordable Homes Of South Texas Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Homes Of South Texas Inc 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 09/2022, Affordable Homes Of South Texas Inc generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $8.0m during the year ending 09/2022. While expenses have increased by 0.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOMES OF SOUTH TEXAS, INC. IS ORGANIZED FOR THE PURPOSE OF PROVIDING HOUSING FOR QUALIFIED LOW-INCOME FAMILIES WITHIN THE CITY OF MCALLEN, TEXAS AND HIDALGO COUNTY, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOMES OF SOUTH TEXAS, INC. PROVIDES MORTGAGE LOANS TO LOW-INCOME FAMILIES FOR THE PURCHASE OF NEW HOMES AND THE REHABILITATION OF EXISTING HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Calvillo Executive Director | Officer | 40 | $164,550 |
Myra Martinez Deputy Exec Director Operations | Officer | 40 | $101,429 |
Rey Jaquez Admin & Finance Director | Officer | 40 | $98,468 |
Lorena Castillo President | Trustee | 4 | $0 |
Elias Lozano Vice President | Trustee | 4 | $0 |
Brent Baldree Treasurer | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gonzalez Concrete Foundation | 9/29/22 | $1,342,706 |
Cesar Villareal Plumbing Plumbing | 9/29/22 | $303,635 |
Elv Ventures Flooring | 9/29/22 | $229,386 |
Regional Construction Remodeling | 9/29/22 | $229,955 |
Woodmaster Cabinets Cabinets | 9/29/22 | $235,446 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,803,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $514,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,317,524 |
| Total Program Service Revenue | $3,782,447 |
| Investment income | $44,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$22,536 |
| 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 | $2,042,062 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,163,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,633,560 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $399,327 |
| Compensation of current officers, directors, key employees. | $287,473 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,304,317 |
| Pension plan accruals and contributions | $101,366 |
| Other employee benefits | $420,173 |
| Payroll taxes | $228,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,387 |
| Advertising and promotion | $94,650 |
| Office expenses | $152,441 |
| Information technology | $110,717 |
| Royalties | $0 |
| Occupancy | $112,971 |
| Travel | $72,996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,226,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,250 |
| Insurance | $304,727 |
| All other expenses | $111,706 |
| Total functional expenses | $8,000,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,392,508 |
| Savings and temporary cash investments | $3,311,662 |
| Pledges and grants receivable | $64,812 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,343,658 |
| Inventories for sale or use | $11,029,347 |
| Prepaid expenses and deferred charges | $101,879 |
| Net Land, buildings, and equipment | $9,523,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,089,048 |
| Intangible assets | $0 |
| Other assets | $4,632,253 |
| Total assets | $103,488,334 |
| Accounts payable and accrued expenses | $1,184,045 |
| Grants payable | $0 |
| Deferred revenue | $90,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,376,754 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,830,701 |
| Unsecured mortgages and notes payable | $21,257,973 |
| Other liabilities | $0 |
| Total liabilities | $47,739,873 |
| Net assets without donor restrictions | $54,998,167 |
| Net assets with donor restrictions | $750,294 |
| 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 | $103,488,334 |
Grants Awarded
Over the last fiscal year, Affordable Homes Of South Texas Inc has awarded $259,567 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
El Paso, TX PURPOSE: AFFORDABLE HOUSING | $114,723 |
Brownsville, TX PURPOSE: AFFORDABLE HOUSING | $105,218 |
San Elizario, TX PURPOSE: AFFORDABLE HOUSING | $20,000 |
Keene, CA PURPOSE: AFFORDABLE HOUSING | $13,144 |
Laredo, TX PURPOSE: AFFORDABLE HOUSING | $6,482 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Affordable Homes Of South Texas Inc has recieved totaling $150,009.
| Awarding Organization | Amount |
|---|---|
Opportunity Finance Network Philadelphia, PA PURPOSE: FINANCE JUSTICE FUND SUBGRANT | $150,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $9 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Houston Habitat For Humanity Inc Houston, TX | $36,979,256 | $11,315,347 |
Avenue Community Development Coporation Houston, TX | $81,189,118 | $11,542,239 |
Habitat For Humanity International Inc Fort Worth, TX | $28,701,953 | $17,323,879 |
Habitat For Humanity Of San Antonio Inc San Antonio, TX | $33,828,773 | $14,274,594 |
Housing And Community Services Inc San Antonio, TX | $78,883,961 | $25,153,792 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
Front Steps Inc Austin, TX | $4,289,583 | $9,800,885 |
Operation Finally Home New Braunfels, TX | $6,586,831 | $9,808,854 |
Residential Realty Group I Inc A Delaware Corp Houston, TX | $5,107,430 | $0 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |