Hcha Redevelopment Authority Inc
EIN: 473218232 · Houston, TX · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $571K |
| Net Assets | $6.1M |
Is Hcha Redevelopment Authority Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hcha Redevelopment Authority Inc
Hcha Redevelopment Authority Inc (EIN: 473218232) is a nonprofit organization based in Houston, TX, classified under NTEE code L20. The organization reported total revenue of $2.8M and total assets of $73.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hcha Redevelopment Authority Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hcha Redevelopment Authority Inc is a mid-size nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $571K |
| Total Expenses | $571K |
| Surplus / Deficit | +$0 |
| Total Assets | $42.7M |
| Total Liabilities | $36.6M |
| Net Assets | $6.1M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 85.7% |
| Months of Reserves | 897.6 months |
Financial Health Grade: B
In 2023, Hcha Redevelopment Authority Inc reported a surplus of $0 with revenue exceeding expenses, holds 897.6 months of operating reserves (strong position), has a debt-to-asset ratio of 85.7% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Hcha Redevelopment Authority Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.6% | -57.2% | +105.6% |
| 2022 | +6662.6% | — | +1938.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hcha Redevelopment Authority Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hcha Redevelopment Authority Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 85.7%.
Frequently Asked Questions about Hcha Redevelopment Authority Inc
Is Hcha Redevelopment Authority Inc a legitimate charity?
Hcha Redevelopment Authority Inc (EIN: 473218232) is a registered tax-exempt nonprofit based in Texas. It has 7 years of IRS 990 filings on record. Total revenue: $2.8M. No red flags identified. Financial health grade: B.
How does Hcha Redevelopment Authority Inc spend its money?
Hcha Redevelopment Authority Inc reported $2.8M in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hcha Redevelopment Authority Inc tax-deductible?
Hcha Redevelopment Authority Inc is registered as a tax-exempt nonprofit (EIN: 473218232). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hcha Redevelopment Authority Inc located?
Hcha Redevelopment Authority Inc is headquartered in Houston, Texas and files with the IRS under EIN 473218232. It is classified under NTEE code L20.
How many years of IRS 990 filings does Hcha Redevelopment Authority Inc have?
Hcha Redevelopment Authority Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
Filing History
IRS 990 filing history for Hcha Redevelopment Authority Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Hcha Redevelopment Authority Inc's revenue has declined by 42.9%, moving from $1.0M to $571K. Total assets increased by 684% over the same period, from $5.5M to $42.7M. In its most recent filing year (2023), Hcha Redevelopment Authority Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $36.6M in liabilities against $42.7M in assets (debt-to-asset ratio: 85.7%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $571K | $571K | $42.7M | $36.6M | — | View 990 |
| 2022 | $1.3M | $1.3M | $20.8M | $14.6M | — | View 990 |
| 2021 | $19K | $0 | $1.0M | $0 | — | View 990 |
| 2020 | $0 | $0 | $1.0M | $0 | — | View 990 |
| 2019 | $0 | $0 | $1.0M | $0 | — | View 990 |
| 2018 | $0 | $0 | $4.9M | $3.9M | — | View 990 |
| 2017 | $1.0M | $0 | $5.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $571K, expenses of $571K, and assets of $42.7M (revenue -56.6% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $20.8M (revenue +6662.6% year-over-year).
- 2021: Revenue of $19K, expenses of $0, and assets of $1.0M.
- 2020: Revenue of $0, expenses of $0, and assets of $1.0M.
- 2019: Revenue of $0, expenses of $0, and assets of $1.0M.
- 2018: Revenue of $0, expenses of $0, and assets of $4.9M (revenue -100.0% year-over-year).
- 2017: Revenue of $1.0M, expenses of $0, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hcha Redevelopment Authority Inc:
Data Sources and Methodology
This transparency report for Hcha Redevelopment Authority Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.