EL PASO CREDIT UNION HOAP INC
6801 Viscount Ste A, El Paso, TX 79925 www.epcuah.org

Total Revenue
$1,339,593
Total Expenses
$977,596
Net Assets
$1,842,846

Organizations Filed Purposes: Assist families develop assets and improve their quality of life through financial education, home ownership, credit management, savings, education on income tax rights and obligations, and access to low-cost capital.

Assist families to develop assets by providing financial education, home ownership, credit management, savings, and access to low cost capital. Significant activities: housing counseling, foreclosure prevention assistance, financial education, and free tax preparation services.

VITA- the organization was funded by the IRS to implement the free tax preparation Volunteer Income Tax Assistance program in El Paso County. The organization serves as the fiscal agent and lead agency for the Coalition for Family Economic Progress (CFEP) which is a community organization VITA partnership. In 2014, 19 tax sites were operated assisting 6,067 low income families obtain free tax preparation service and providing them outreach to other partner services, including financial education. $10,700,000 in refunds were secured at no cost for taxpayers. Saving approximately $1.34 Million in preparation fees to low income families.

Neighborhood Stabilization Program II- provide neighborhood stabilization to census tracts with high foreclosure rates. HOAP purchased 37 lots to built affordable homes. Provides qualified applicants with income of up to 120% of HUD determined Annual Household income for the area, housing counseling, NSPII assistance screening, and a financing mechanism to include down-payment assistance, closing cost assistance, and soft seconds with an affordability period for recapture. The company may provide qualifying applicants with first lien loans as well as the soft seconds.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Larry GarciaPresident3$0
Ruth JaureDirector3$0
Elvira VallesDirector3$0
Marco RaposoDirector3$0
Teresa MontoyaTreasurer3$0
Darlene PalmoreSecretary3$0
Crystal LongChairman3$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201503209349315860_public.xml