HOUSTON AREA COMMUNITY DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

HOUSTON AREA COMMUNITY DEVELOPMENT CORPORATION

EIN 76-0380705 · Centers to Support the Independence of Specific Populations (P80)

What they do

Houston Area Development Corporation (HACDC), A Community Housing Development Corporation (CHDO), Owns and Operates Single Room Occupancy (SRO) Properties Housing Low-income Individuals and The Chronically Homeless. It Offers Robust On-site Supportive Services.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

103.66%of revenue went to mission work96.1% of expenses · Program services

$107.90spent for every $100 of revenueSpending was higher than revenue this year.

4.24%of revenue went to management and office costs3.9% of expenses

$7.25in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,058,855 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $234,541 for RON LASTIMOSA (VP REAL ESTATE DEVELOPMENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$13,401,048

Mission workProgram services$13,891,368103.66% of revenue96.1% of expenses

ManagementOffice and general costs$568,5354.24% of revenue3.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$14,459,903107.90% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 96.1% mission · 3.9% management · 0.0% fundraisingTotal expenses: 107.90% of revenue

2023Expense mix: 96.7% mission · 3.3% management · 0.0% fundraisingTotal expenses: 155.40% of revenue

2022Expense mix: 92.3% mission · 7.7% management · 0.0% fundraisingTotal expenses: 20.84% of revenue

2021Expense mix: 95.2% mission · 4.8% management · 0.0% fundraisingTotal expenses: 16.28% of revenue

2020Expense mix: 90.2% mission · 9.8% management · 0.0% fundraisingTotal expenses: 19.15% of revenue

2019Expense mix: 97.6% mission · 2.4% management · 0.0% fundraisingTotal expenses: 53.87% of revenue

2018Expense mix: 99.4% mission · 0.6% management · 0.0% fundraisingTotal expenses: 42.24% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 7.97% of revenue

Money in and money out

Revenue$13,401,048

Expenses$14,459,903

Annual shortfall $1,058,855 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$13,891,368 · 96.1% of expenses

Management and office costs$568,535 · 3.9% of expenses

See all reported dollar amounts

Revenue$13,401,048

Expenses$14,459,903

Assets$104,793,654

Income$22,992,764

Mission work (program services)$13,891,368

Grants given$18,927,744

Average grant$3,785,549

Management and general$568,535

Executive compensation (total)$252,497

Stocks and bonds$2,011,633

Accounting fees$39,700

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RON LASTIMOSAVP REAL ESTATE DEVELOPMENT · 50 hrs/week $234,541Base $210,000 · Other $24,541

JOY HORAK-BROWNPRESIDENT & CEO · 25 hrs/week $191,724Base $190,800 · Other $924

KATHERINE ANCHONDOREAL ESTATE DEVELOPMENT MANAGER · 50 hrs/week $144,233Base $117,252 · Other $26,981

KATIE LAMBVP PEOPLE & CULTURE · 5 hrs/week $22,829Base · Other $22,829

STACEY LASTOVICAVP PROPERTY MANAGEMENT · 5 hrs/week $22,641Base · Other $22,641

TAMARA FOSTEREVP ONSITE OPS/STRATEGIC PARTNERSHIPS · 5 hrs/week $22,041Base · Other $22,041

DIANA GROSSVP PHILANTHROPHY & COMMUNICATIONS · 2 hrs/week $22,041Base · Other $22,041

ASH HUSSAINDIRECTOR OF FINANCE · 5 hrs/week $15,641Base · Other $15,641

AZIZ OUEDRAOGOSENIOR MANAGER FINANCE · 5 hrs/week $13,483Base · Other $13,483

RHONDA BONFILEDDIR. OF FOUNDATIONS AND CORP REL. · 2 hrs/week $10,482Base · Other $10,482

CALVIN TANGCFO (TO MARCH) · 5 hrs/week $2,385Base · Other $2,385

JOHN PEAVYCFO (FROM JULY) · 5 hrs/week $234Base · Other $234

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

RON LASTIMOSAVP REAL ESTATE DEVELOPMENT

JOY HORAK-BROWNPRESIDENT & CEO

KATHERINE ANCHONDOREAL ESTATE DEVELOPMENT MANAGER

KATIE LAMBVP PEOPLE & CULTURE

STACEY LASTOVICAVP PROPERTY MANAGEMENT

TAMARA FOSTEREVP ONSITE OPS/STRATEGIC PARTNERSHIPS

DIANA GROSSVP PHILANTHROPHY & COMMUNICATIONS

ASH HUSSAINDIRECTOR OF FINANCE

AZIZ OUEDRAOGOSENIOR MANAGER FINANCE

RHONDA BONFILEDDIR. OF FOUNDATIONS AND CORP REL.

CALVIN TANGCFO (TO MARCH)

JOHN PEAVYCFO (FROM JULY)

IRMA G GALVANDIRECTOR

JANICE E WALKERTREASURER

BOLIVAR FRAGADIRECTOR

KENNETH J VALACHCHAIR EMERTIUS

KEVIN FULTONSECRETARY

MICHAEL M FOWLERCHAIR EMERTIUS

PRESTON ROEDIRECTOR

RICARDO RIVASCHAIRMAN

SANFORD W CRINER JRCHAIR EMERTIUS

ANDREA LINKVICE CHAIR

About this charity

Recognized since: January 1993
Location: 3315 Harrisburg Blvd 400, Houston, TX 77003
County: Harris
In care of: John Peavy
Primary officer: John Peavy, Chief Financial Officer

How to reach them

WebsiteVisit the charity’s website Phone(713) 222-0290

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BLAZEK & VETTERLING
NTEE classification: Centers to Support the Independence of Specific Populations (P80)
IRS tax category: Centers to Support the Independence of Specific Populations
Grant-giving organization: Yes