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Nonprofiteer
← FIFTH WARD COMMUNITY REDEVELOPMENT

Form 990 for tax year 2024

Filed by FIFTH WARD COMMUNITY REDEVELOPMENT.

Totals

Total revenue
$6,519,410
Total expenses
$4,998,189
Contributions and grants received
$5,689,240
Grants paid
$0
Program service revenue
$338,069
Investment income
$49,547
Other revenue
$442,554
Total assets, end of year
$26,570,776
Total liabilities, end of year
$18,880,012
Net assets or fund balances, end of year
$7,690,764
Program services expenses (Part IX)
$3,909,009
Management and general expenses
$917,325
Fundraising expenses
$171,855
Program service expenses (Part III)
$3,909,009

Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,689,240

  • 2a · Program service revenue: SERVICE DELIVERY CONTRACTS

    total $285,956 · related or exempt $285,956

  • 2b · Program service revenue: BUSINESS RELATED INCOME

    total $52,113 · related or exempt $52,113

  • 3 · Investment income

    total $49,547 · excluded $49,547

  • 6a · Gross rents

    real property $1,111,849

  • 6b · Less rental expenses

    real property $893,739

  • 6c · Rental income or loss

    real property $218,110

  • 6d · Net rental income or loss

    total $218,110 · excluded $218,110

  • 11a · Other revenue: OTHER INCOME

    total $224,444 · related or exempt $224,444

  • 11e · Other revenue, total

    $224,444

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $511,526 · program services $313,891 · management and general $93,760 · fundraising $103,875

  • 6 · Compensation of disqualified persons

    total $1,121,367 · program services $947,840 · management and general $173,527

  • 11c · Fees: accounting

    total $38,785 · management and general $38,785

  • 11g · Fees: other

    total $630,624 · program services $486,148 · management and general $76,496 · fundraising $67,980

  • 16 · Occupancy

    total $250,974 · program services $217,763 · management and general $33,211

  • 17 · Travel

    total $58,732 · program services $9,027 · management and general $49,705

  • 20 · Interest

    total $635,298 · program services $506,904 · management and general $128,394

  • 22 · Depreciation, depletion and amortization

    total $479,124 · program services $339,741 · management and general $139,383

  • 23 · Insurance

    total $279,403 · program services $245,092 · management and general $34,311

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $541,449 · program services $507,494 · management and general $33,955

  • 24b · Other expenses: PROPERTY TAXES

    total $308,109 · program services $270,594 · management and general $37,515

  • 24c · Other expenses: OTHER EXPENSES

    total $66,859 · management and general $66,859

  • 24d · Other expenses: PROGRAM COSTS

    total $55,048 · program services $48,916 · management and general $6,132

  • 24e · All other expenses

    total $20,891 · program services $15,599 · management and general $5,292

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,657,377 · end of year $1,268,096

  • 2 · Savings and temporary cash investments

    beginning of year $50,433 · end of year $634

  • 3 · Pledges and grants receivable

    beginning of year $740,820 · end of year $787,044

  • 7 · Other notes and loans receivable

    beginning of year $1,201,529 · end of year $1,095,144

  • 8 · Inventories for sale or use

    beginning of year $3,293,678 · end of year $8,149,392

  • 10a · Land, buildings and equipment: cost or other basis

    $14,723,177

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,758,170

  • 10c · Land, buildings and equipment, net

    beginning of year $9,444,131 · end of year $8,965,007

  • 15 · Other assets

    beginning of year $3,942,492 · end of year $6,305,459

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,460,049 · end of year $6,892,499

  • 23 · Secured mortgages and notes payable

    beginning of year $8,792,961 · end of year $9,369,569

  • 25 · Other liabilities

    beginning of year $907,907 · end of year $2,617,944

  • 27 · Net assets without donor restrictions

    beginning of year $4,728,283 · end of year $6,290,088

  • 28 · Net assets with donor restrictions

    beginning of year $1,441,260 · end of year $1,400,676

Mission and programs · 2024

Mission

FIFTH WARD CRC CATALYZES RESOURCES TO BUILD AND PRESERVE AN INCLUSIVE 5TH WARD COMMUNITY BY DEVELOPING PLACES AND OPPORTUNITIES FOR PEOPLE TO LIVE, WORK AND PLAY.

  • FIFTH WARD CRC IS A COMPREHENSIVE REDEVELOPMENT CORPORATION THAT CONCENTRATES ITS WORK IN THE IMPOVERISHED 5TH WARD COMMUNITY AND SURROUNDING COMMUNITIES, MEETING THE NEEDS OF THE TRADITIONALLY UNDERSERVED RESIDENTS THROUGH ITS PRIMARY LINES OF BUSINESS AND PROGRAMS. THESE CORE LINES OF BUSINESS AND PROGRAMS ARE FOCUSED IN AFFORDABLE HOUSING, DISASTER RECOVERY, PUBLIC SAFETY AND JUVENILE JUSTICE, ART AND CULTURE, ECONOMIC REVITALIZATION, COMMERCIAL DEVELOPMENT, AND OTHER PROGRAMS DESIGNED TO IMPROVE THE QUALITY OF LIFE FOR LOW AND MODERATE INCOME FAMILIES.

    Expenses $3,909,009 · Revenue $562,413

As filed on the 2024 return.

Listed in Part VII

  • Charles Turner

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Bridgette Steele

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robert Eury

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • Ted Hamilton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • April Daniel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tyrus Brailey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Marcus Vasquez

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bridgette Dorian

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Harvey Clemons Jr

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Wiley Henry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gayla Bolden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brandon Cofield

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lauren Winfield

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kathy Flanagan-Payton

    PRESIDENT/CEO

    Total calculated
    $174,231
    From this org
    $157,481
    From related orgs
    $0
    Other
    $16,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,481
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,750
    Filer's total
    $174,231

  • Mayra G Bontemps

    CHIEF OF REAL ESTATE DEVEL

    Total calculated
    $111,645
    From this org
    $111,645
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lashawn McCoy

    CHIEF STRATEGIST PROGRAM O

    Total calculated
    $121,775
    From this org
    $121,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • LYONS VILLAGE LTD

    HOUSE RENTAL · TX · 100% owned · share of assets $86,245 · general or managing partner

    Directly controlled by FIFTH WARD CRC

  • 4514 LYONS LLC

    PROPERTY REDEVELOPMENT · TX · 100% owned · share of assets $105

    Directly controlled by FIFTH WARD CRC

  • ST ELIZABETH PLACE LP

    PROPERTY REDEVELOPMENT · TX · 56% owned · share of assets $2,404,735 · general or managing partner

    Directly controlled by FIFTH WARD CRC

  • ST ELIZABETH PLACE GP LLC

    AFFORDABLE HOUSING DEVELOPMENT · TX · 70% owned

    Directly controlled by FIFTH WARD CRC

  • ST ELIZABETH GC-JV

    REAL ESTATE DEVELOPMENT · TX · 99% owned · share of assets $5,947,880

    Directly controlled by FIFTH WARD CRC

  • FWCRC JAMESE LLC

    ACQUIRING MANAGING AND OPERATING · TX · 100% owned · share of assets $189,639

    Directly controlled by FIFTH WARD CRC

  • FWCRC CHEW COMMERCIAL LLC

    REHABILITATING AN EXISTING BUILDING · TX · 100% owned

    Directly controlled by FIFTH WARD CRC

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202513099349300936

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