HCHA REDEVELOPMENT AUTHORITY INC

EIN: 473218232 501(c)(3) Housing & Shelter

HOUSTON, TX

Total Revenue
$2,787,388
Total Expenses
$2,800,792
Total Assets
$73,769,638
Net Assets
$6,118,070
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
TX
Principal Officer
HORACE ALLISON
Phone
7135782100
Tax Period
2024-04-01 to 2025-03-31

HCHA REDEVELOPMENT AUTHORITY INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 681% from the prior year, signaling strong growth momentum. Net assets of $6.1M represent 26 months of operating reserves.

Mission

THE CORPORATION CARRIES OUT THE HOUSING MISSION OF THE HARRIS COUNTY HOUSING AUTHORITY, FOR CHARITABLE PURPOSES, AND PROVIDES DECENT HOUSING TO LOW INCOME FAMILIES OF HARRIS COUNTY, TEXAS.

Program Service Accomplishments

Program 1
Expenses: $2,800,792 Revenue: $287,388

HCHA AFFORDABLE HOUSING FINANCING AND DEVELOPMENT AS AN AFFILLIATE OF THE HCHA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,500,000
Program Service Revenue $287,388
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,787,388

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,800,792
Other Expenses $2,800,792
TOTAL EXPENSES $2,800,792

Year-over-Year Comparison

2024 2023 Change
Revenue $2,787,388 $356,807 +6.8%
Expenses $2,800,792 $356,807 +6.8%
Net Income $-13,404 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$336,688
Total Directors
6
$336,688
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA QUIJANO CEO/SECRETARY 5.00
Officer Director
$0 $30,913 $185,429
PAUL CURRY FINANCE DIRECTOR 5.00
Officer Director
$0 $32,371 $151,259
GERALD WOMACK PRESIDENT 5.00
Officer Director
$0 $0 $0
JOE VILLARREAL VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DR ADRIANA TAMEZ DIRECTOR 5.00
Director
$0 $0 $0
ASHLEY GILBERT DIRECTOR 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,787,388 $2,800,792 $73,769,638 $-13,404
2024 $356,807 $356,807 $61,009,637 No data
2023 $571,276 $571,276 $42,729,065 No data
2022 $1,315,798 $1,335,255 $20,777,942 $-19,457
2021 $19,457 No data $1,019,457 No data
2020 No data No data $1,000,000 No data
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