Housing And Community Services Inc

Organization Overview

Housing And Community Services Inc, operating under the name Prospera Housing Community Services, is located in San Antonio, TX. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospera Housing Community Services 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 12/2022, Prospera Housing Community Services generated $25.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $14.3m during the year ending 12/2022. While expenses have increased by 8.0% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

AS A CHARITY, EMPOWERING FAMILIES BY PROVIDING SAFE, HIGH QUALITY, AFFORDABLE HOUSING WITH SUPPORT SERVICES.

Describe the Organization's Program Activity:

TO SUPPORT THE ORGANIZATION MISSION, THE ORGANIZATION PROVIDED ADMINISTRATIVE SUPPORT FOR THE NON-PROFIT AND FOR-PROFIT OWNERSHIP OF 4,727 UNITS OF LOW-INCOME HOUSING, PROVIDED AND SUPERVISED SOCIAL SERVICES AND RESIDENT ACTIVITIES, AND ENGAGED IN FUNDRAISING ACTIVITIES FOR HOUSING ACQUISITION AND REHABILITATION AND SOCIAL SERVICES AND RESIDENT ACTIVITIES.THE ORGANIZATION HAS A VOLUNTEER BOARD OF DIRECTORS COMPRISED OF COMMUNITY AND RESIDENT PARTICIPANTS. THE FULL BOARD MEETS REGULARLY TO PROVIDE GUIDANCE AND OVERSIGHT IN FURTHERANCE OF THE ORGANIZATION MISSION.THE ORGANIZATION CONTINUED TO DIRECTLY OWN AND OPERATE RENAISSANCE VILLAGE APARTMENTS, A LOW-INCOME HOUSING APARTMENT COMPLEX. THE ORGANIZATION ALSO CONTINUED TO PROVIDE OVERSIGHT AND MANAGEMENT OF SEVERAL LOW-INCOME APARTMENT COMPLEXES AND TO SERVE AS THE SOLE MEMBER FOR THE DISREGARDED ENTITIES (FOR INCOME TAX PURPOSES) THAT OWNED AND OPERATED THESE LOW- INCOME APARTMENT COMPLEXES:HCS 307, LLC OBA COUNTRY CLUB VILLAGE APARTMENTSHCS 308, LLC OBA SHERWOOD APARTMENTSHCS 312, LLC OBA ROBINHOOD APARTMENTSHCS 313, LLC OBA NORTH STAR VILLAGE APARTMENTSHCS 314, LLC OBA FOX RUN APARTMENTSHCS 401, LLC OBA LANTANA SQUARE APARTMENTSHCS 402, LLC OBA WESLACO VILLAGE APARTMENTSHCS 501, LLC OBA FRIO APARTMENTSHCS 502, LLC OBA VILLAGE CIRCLE APARTMENTSIN ADDITION, THE ORGANIZATION EXECUTIVE DIRECTOR SERVED AS THE EXECUTIVE DIRECTOR FOR 15 ASSOCIATED HOUSING BOARDS THAT OPERATE LOW-INCOME PROPERTIES. ALL BOARD MEMBERS OF THE ORGANIZATION AND ITS ASSOCIATE BOARDS SERVED WITHOUT COMPENSATION OTHER THAN REIMBURSEMENT BY THE ORGANIZATION OF EXPENSES INCURRED DIRECTLY RELATED TO BOARDS ACTIVITIES (PRIMARILY TRAVEL EXPENSES ASSOCIATED WITH BOARD MEETINGS).THE ORGANIZATION ALSO PROVIDED OVERSIGHT FOR RESIDENT SERVICES AND/OR COMMUNITY LEARNING CENTER PROGRAMS AT 49 LOW-INCOME HOUSING PROPERTIES. A QUALITY ASSURANCE PROGRAM WAS FOLLOWED TO ENSURE COMPLIANCE WITH COMPANY GUIDELINES AND WITH U.S. DEPARTMENT OF HUD REGULATIONS PERTAINING TO NEIGHBORHOOD NETWORKS CENTERS.LOW-INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 1: THE ORGANIZATION, THE SOLE MEMBER OF HCS 307, LLC, OWNS AND OPERATES COUNTRY CLUB VILLAGE APARTMENTS WHICH CONSISTS OF 82 UNITS RESTRICTED TO LOW-INCOME ELDERLY AND HANDICAPPED RESIDENTS. THE ORGANIZATION ACQUIRED THIS FACILITY IN 2003 WITH LOW-INTEREST LOANS FROM THE TDHCA AND, DURING THIS REPORTING PERIOD, MAINTAINED A HUD PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT MAKING ALL 82 UNITS AVAILABLE TO SENIORS AND HANDICAPPED WITH INCOMES LESS THAN 30% OF THE AMI.THE ORGANIZATION PROVIDES ON SITE SOCIAL AND REFERRAL SERVICES FOR THE SENIOR AND DISABLED POPULATION. THESE INCLUDE CASE MANAGEMENT AND REFERRAL SERVICES, SENIOR COMPANION PROGRAMS, HEALTH CARE INFORMATION AND HEALTH SCREENINGS AND EDUCATION (DIABETES, HIGH BLOOD PRESSURE, ETC.). THE ORGANIZATION MAINTAINED A COMPUTER LAB FOR RESIDENTS TO USE THE INTERNET AND EMAIL. WEEKLY RESIDENT ACTIVITIES INCLUDE ARTS AND CRAFTS, GAME DAYS, SOCIALS AND OTHER ACTIVITIES GEARED TOWARD THE SENIOR POPULATION.LOW-INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 2:THE ORGANIZATION, THE SOLE MEMBER OF HCS 308, LLC, WHICH OWNS AND OPERATES SHERWOOD APARTMENTS, 56 UNITS OF AFFORDABLE HOUSING IN EDINBURG, TEXAS. DURING THIS REPORTING PERIOD, THE ORGANIZATION MAINTAINED THE HUD PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT MAKING ALL 56 UNITS AVAILABLE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 30% OF THE AMI.LOW-INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 3:THE ORGANIZATION, THE SOLE MEMBER OF THE HCS 312, LLC, OWNS AND OPERATES THE ROBINHOOD APARTMENTS, 69 UNITS OF AFFORDABLE HOUSING IN HARLINGEN, TEXAS. DURING THIS REPORTING PERIOD, MAINTAINED A HUD PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT MAKING ALL 69 UNITS AVAILABLE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 30% OF THE AMI. THE ORGANIZATION OPERATED AND MAINTAINED A HUD RECOGNIZED NEIGHBORHOOD NETWORKS CENTER (NNC). THE CENTER, IN ADDITION TO A COMPUTER LAB WHICH IS UTILIZED FOR THE AFTER-SCHOOL PROGRAM, IS THE SITE OF NUMEROUS PROGRAMS TO BENEFIT THE RESIDENTS.LOW- INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 4:THE ORGANIZATION, THE SOLE MEMBER OF HCS 313, LLC, OWNS AND OPERATES THE NORTH STAR VILLAGE APARTMENTS, 56 UNITS OF AFFORDABLE HOUSING IN HARLINGEN, TEXAS. DURING THIS REPORTING PERIOD, MAINTAINED A HUD PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT MAKING ALL 56 UNITS AVAILABLE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 30% OF THE AMI.LOW- INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 5:THE ORGANIZATION, THE SOLE MEMBER OF HCS 314, LLC, OWNS AND OPERATES THE FOX RUN APARTMENTS, 150 UNITS OF AFFORDABLE HOUSING IN VICTORIA, TEXAS. DURING THIS REPORTING PERIOD, MAINTAINED A HUD PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT MAKING ALL 150 UNITS AVAILABLE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 30% OF THE AMI.LOW INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 6:THE ORGANIZATION, THE SOLE MEMBER OF HCS 401, LLC, OWNS AND OPERATES THE LANTANA SQUARE APARTMENTS, 44 UNITS OF AFFORDABLE HOUSING IN CORPUS CHRISTI, TEXAS. DURING THIS REPORTING PERIOD, THE ORGANIZATION MAINTAINED THE HUD PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT MAKING ALL 44 UNITS AVAILABLE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 30% OF THE AMI. THE ORGANIZATION MAINTAINED A HUD APPROVED NEIGHBORHOOD NETWORKS CENTER TO PROVIDE COMPUTER ACCESS FOR RESIDENTS AND AN AFTER- SCHOOL PROGRAM FOR THE YOUTH.LOW- INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 7:THE ORGANIZATION, THE SOLE MEMBER OF HCS 402, LLC, OWNS AND OPERATES THE WESLACO VILLAGE APARTMENTS, 44 UNITS OF AFFORDABLE HOUSING IN WESLACO, TEXAS. DURING THIS REPORTING PERIOD, THE ORGANIZATION MAINTAINED THE HUD PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT MAKING ALL 44 UNITS AVAILABLE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 30% OF THE AMI.LOW- INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 8:THE ORGANIZATION, THE SOLE MEMBER OF HCS 501, LLC, WHICH OWNS AND OPERATES THE FRIO APARTMENTS, 63 UNITS OF AFFORDABLE HOUSING IN PEARSALL, TEXAS. DURING THE REPORTING PERIOD, THE ORGANIZATION MAINTAINED THE HUD PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT MAKING ALL 63 UNITS AVAILABLE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 30% OF THE AMI. ADDITIONALLY, THE ORGANIZATION MAINTAINED A 50% AD-VALOREM PROPERTY TAX EXEMPTION TO ASSIST IN PRESERVING FUNDS FOR THE OPERATIONS OF THE HOUSING.LOW-INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 9:THE ORGANIZATION, THE SOLE MEMBER OF HCS 502, LLC, WHICH OWNS AND OPERATES THE VILLAGE CIRCLE APARTMENTS, 50 UNITS OF AFFORDABLE HOUSING IN NEW BRAUNFELS, TEXAS ACQUIRED ON MARCH 31, 2015. DURING THE REPORTING PERIOD COVERED BY THIS REPORT, THE ORGANIZATION MAINTAINED THE HUD PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT MAKING ALL 50 UNITS AVAILABLE TO INDIVIDUALS AND FAMILIES WITH INCOMES LESS THAN 30% OF THE AMI.LOW-INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 10:THE ORGANIZATION CONTINUED ITS OWNERSHIP RESPONSIBILITIES OF THE RENAISSANCE VILLAGE APARTMENTS, 67 UNITS OF AFFORDABLE HOUSING IN SAN ANTONIO, TEXAS.LOW-INCOME HOUSING PROPERTY - EXEMPT PURPOSE ACHIEVEMENT 11:THE ORGANIZATION HAS FORMED VARIOUS ENTITIES OTHER THAN THE SINGLE MEMBER LIMITED LIABILITY COMPANIES (LLCS) LISTED ABOVE TO ACQUIRE, DEVELOP, CONSTRUCT, REHABILITATE, AND OPERATE LOW-INCOME MULTIFAMILY PROJECTS THROUGH TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS AWARDS FOR LOW INCOME HOUSING TAX CREDITS AND FOR A TAX CREDIT EXCHANGE PROGRAM GRANT. SUCH ENTITIES INCLUDE THE FOLLOWING:


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Board, Officers & Key Employees

Name (title)Compensation
Alicia Thomas
Director
$0
Anita Remerowski
Outgoing Vice Chair
$0
Carole Bufler
Director
$0
Charles Glenn
Director
$0
Dadiri Jama
Director
$0
Darrell Deming
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Capital Contractors Inc
General Construction
$1,213,599
Gonzalez Newell Bender Inc
Architect
$339,000
Lucas And Associates Lp
Housing Consultant
$338,610
Baker Tilly Virchow Krause Llp
Cpa Consulting Services
$300,000
Bdo
Audit And Tax
$223,023
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$17,500
Membership dues$0
Fundraising events$0
Related organizations$1,047,480
Government grants $4,598,637
All other contributions, gifts, grants, and similar amounts not included above$303,936
Noncash contributions included in lines 1a–1f $122,448
Total Revenue from Contributions, Gifts, Grants & Similar$5,967,553
Total Program Service Revenue$13,521,651
Investment income $5,409
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,378,606
Net Income from Fundraising Events $0
Net Income from Gaming Activities -$8,385
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,994,881

Peer Organizations

Organization NameAssets
Texas State Affordable Housing Corporation
Austin, TX
$88,121,465
Austin Affordable Housing Corporation
Austin, TX
$61,957,926
Foundation Communities Inc
Austin, TX
$41,254,625
Foundation Communities
Austin, TX
$25,916,885
Crossroads Housing Development Corporation
Big Spring, TX
$20,296,232
Tarrant County Samaritan Housing Inc
Fort Worth, TX
$19,250,714
Habitat For Humanity Of San Antonio Inc
San Antonio, TX
$21,932,993
Houston Habitat For Humanity Inc
Houston, TX
$15,429,240
Fort Worth Area Habitat For Humanity Inc
Fort Worth, TX
$19,931,450
Provident Commonwealth Education Resources
Baton Rouge, LA
$12,563,325
Provident Commonwealth Education Resources Ii
Baton Rouge, LA
$9,957,848
Housing And Community Services Inc
San Antonio, TX
$24,994,881
Avenue Community Development Coporation
Houston, TX
$11,542,239
Habitat For Humanity International Inc
Tulsa, OK
$19,908,085
Front Steps Inc
Austin, TX
$9,800,885
Affordable Homes Of South Texas Inc
McAllen, TX
$9,808,440
Mccalls Community Homes Inc
Ada, OK
$9,810,630
New Orleans Area Habitat For Humanity Inc
New Orleans, LA
$7,307,377
Operation Finally Home
New Braunfels, TX
$7,323,776
Volunteers Of Victoria Inc
Victoria, TX
$6,672,525
Crossroads Lousiana Inc
New Orleans, LA
$7,271,264
Casas Por Cristo
El Paso, TX
$7,046,735
Brownsville Housing Opportunity Corporation
Brownsville, TX
$7,777,710
American Heritage Apartments Inc
Texarkana, TX
$4,069,211
Hope Housing Foundation
Mckinney, TX
$2,782,264

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