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.
Form
990T
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:
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alicia Thomas Director | Trustee | 1 | $0 |
Anita Remerowski Outgoing Vice Chair | OfficerTrustee | 2 | $0 |
Carole Bufler Director | Trustee | 1 | $0 |
Charles Glenn Director | Trustee | 1 | $0 |
Dadiri Jama Director | Trustee | 1 | $0 |
Darrell Deming Chair | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Capital Contractors Inc General Construction | 12/30/22 | $1,213,599 |
Gonzalez Newell Bender Inc Architect | 12/30/22 | $339,000 |
Lucas And Associates Lp Housing Consultant | 12/30/22 | $338,610 |
Baker Tilly Virchow Krause Llp Cpa Consulting Services | 12/30/22 | $300,000 |
Bdo Audit And Tax | 12/30/22 | $223,023 |
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 |
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. | $584,289 |
Compensation of current officers, directors, key employees. | $105,903 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,718,971 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $747,332 |
Payroll taxes | $417,112 |
Fees for services: Management | $418,448 |
Fees for services: Legal | $69,992 |
Fees for services: Accounting | $254,653 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $916,871 |
Advertising and promotion | $57,928 |
Office expenses | $168,864 |
Information technology | $88,269 |
Royalties | $0 |
Occupancy | $2,001,168 |
Travel | $129,836 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $80,782 |
Interest | $146,031 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,337,019 |
Insurance | $49,161 |
All other expenses | $569,080 |
Total functional expenses | $14,327,962 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,640,807 |
Savings and temporary cash investments | $9,213,921 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $965,778 |
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 | $236,573 |
Net Land, buildings, and equipment | $40,605,432 |
Investments—publicly traded securities | $0 |
Investments—other securities | $12,674,307 |
Investments—program-related | $36,036,432 |
Intangible assets | $0 |
Other assets | $1,675,347 |
Total assets | $107,048,597 |
Accounts payable and accrued expenses | $1,967,379 |
Grants payable | $0 |
Deferred revenue | $9,930,461 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $128,477 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $15,959,227 |
Unsecured mortgages and notes payable | $1,000,000 |
Other liabilities | $0 |
Total liabilities | $28,985,544 |
Net assets without donor restrictions | $77,063,053 |
Net assets with donor restrictions | $1,000,000 |
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 | $107,048,597 |