Paisano Housing Redevelopment Corporation
100% goes to programs Strong reserves
Paisano Housing Redevelopment Corporation is a 501(c)(3) organization based in El Paso, Texas, registered in 1997, with $35,812,207 in FY2024 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
304 Texas Ave Suite 1600, El Paso, TX, 79901 EIN 74-2793526 Since 1997
Revenue (FY2024)
$35.8M
▲ 23.7% vs prior year
Housing median: $408K
Expenses (FY2024)
$9.1M
Net assets
$286.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Paisano Housing Redevelopment Corporation: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating379 mo reserves · +75% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Paisano Housing Redevelopment Corporation: 379 mo reserves · +75% margin earns a B+ on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Paisano Housing Redevelopment Corporation: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Paisano Housing Redevelopment Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To improve quality of life for economically challenged families by developing, financing, and managing quality affordable housing, and providing opportunities to achieve self-sufficiency.promote community reinvestment by financing institutions to support the affordable housing needs of lower income residents through community development lending, affordable housing, or linked deposit programs.support, develop, and provide opportunities for low and moderate income residents to undertake business enterprises and to become self-sufficient by participating in education, job training, and employment programs to reduce their dependency on public benefits and to lessen their burden on government; and to provide social services to support the business enterprises, self-sufficiency, and family and community improvement efforts of low and moderate income residents.support by gifts, contributions or assistance of other non-profit corporations.
Contact & location
- Address
- 304 Texas Ave Suite 1600, El Paso, TX, 79901
- City
- El Paso
- State
- Texas
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $3.4M (FY2013) to $35.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $139.4MNet assets $286.8M
Operating margin
74.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$426.2M
Total liabilities
$139.4M
Net assets
$286.8M
Salaries & benefits
$0
0% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $35,812,207▲23.7% | $9,090,921▲15.5% | $286,821,453▲1.7% | $426,248,532▲2.7% | 990 |
| 2023 | $28,956,922▼25.2% | $7,870,278▲203% | $282,063,104▲8.1% | $415,242,739▲12.1% | 990 |
| 2022 | $38,704,103▲1.2% | -$7,640,424▼666% | $260,976,460▲23.5% | $370,474,608▲18.3% | 990 |
| 2021 | $38,229,111▲126% | -$997,348▼202% | $211,330,942▼23.1% | $313,193,517▼16.8% | 990 |
| 2020 | $16,928,786▼78.7% | $976,546▼80.8% | $274,788,220▲4.5% | $376,433,899▲6.0% | 990 |
| 2019 | $79,431,828▲628% | $5,094,699▼6.5% | $263,014,963▲33.7% | $355,148,576▲29.6% | 990 |
| 2018 | $10,907,650▲13.0% | $5,451,452▲106% | $196,657,681▲6.7% | $274,014,527▲33.1% | 990 |
| 2017 | $9,655,493▲686% | $2,651,906▲69.2% | $184,329,521▲255% | $205,814,362▲233% | 990 |
| 2016 | $1,228,332▼85.3% | $1,567,118▲529% | $51,857,234▲142% | $61,746,815▲125% | 990 |
| 2015 | $8,347,432▲303% | $249,329▲55.0% | $21,470,443▲86.1% | $27,472,143▲32.6% | 990 |
| 2014 | $2,071,702▼38.7% | $160,903▼27.6% | $11,537,801▲82.6% | $20,715,546▲38.7% | 990 |
| 2013 | $3,379,149 | $222,162▼49.8% | $6,319,389▲99.8% | $14,934,349▲151% | 990 |
| 2012 | — | $442,701▲2067% | $3,162,402▼12.1% | $5,949,549▲36.5% | 990 |
| 2011 | — | $20,430 | $3,598,050 | $4,358,771 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gerald Cichon | Chief Executive Officer | 1 | — |
| Jose Balderrama | Resident Commisioner | 0.5 | — |
| Marty Reyes | Vice-chairperson | 0.5 | — |
| Ralph Carrasco | Chairperson | 0.5 | — |
| Sandy Azco | Commissioner | 0.5 | — |
| Satish Bhaskar | Chief Financial Officer | 1 | — |
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Compare Paisano Housing Redevelopment Corporation
Frequently asked questions
- Is Paisano Housing Redevelopment Corporation a legitimate nonprofit?
- Yes. Paisano Housing Redevelopment Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2793526, based in El Paso, Texas. Donations are tax-deductible.
- What is Paisano Housing Redevelopment Corporation's EIN?
- Paisano Housing Redevelopment Corporation's Employer Identification Number (EIN) is 74-2793526.
- How much revenue does Paisano Housing Redevelopment Corporation report?
- Paisano Housing Redevelopment Corporation reported $35,812,207 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Paisano Housing Redevelopment Corporation's spending goes to programs?
- Paisano Housing Redevelopment Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Paisano Housing Redevelopment Corporation have?
- CharityIndex grades Paisano Housing Redevelopment Corporation B, based on program efficiency and fundraising cost.
- How much does Paisano Housing Redevelopment Corporation's highest-paid employee make?
- The highest reported compensation on Paisano Housing Redevelopment Corporation's latest Form 990 is $0, paid to Gerald Cichon (Chief Executive Officer).
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Data for Paisano Housing Redevelopment Corporation (EIN 74-2793526) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.