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Nonprofiteer
← NEIGHBORHOOD RECOVERY COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2025

Filed by NEIGHBORHOOD RECOVERY COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,206,701
Total expenses
$3,095,900
Contributions and grants received
$333,692
Grants paid
$0
Program service revenue
$1,786,114
Investment income
$86,895
Other revenue
$0
Total assets, end of year
$7,771,146
Total liabilities, end of year
$3,378,719
Net assets or fund balances, end of year
$4,392,427
Program services expenses (Part IX)
$2,810,878
Management and general expenses
$222,104
Fundraising expenses
$62,918
Program service expenses (Part III)
$2,810,878

Program services were 90.8% 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.

  • 1e · Government grants (contributions)

    $207,148

  • 1f · All other contributions, gifts and grants

    $126,544

  • 2a · Program service revenue: COMMUNITY DEVELOPE

    total $1,736,403 · related or exempt $1,736,403

  • 2b · Program service revenue: MISCELLANEOUS INCOM

    total $49,711 · related or exempt $49,711

  • 3 · Investment income

    total $29,470 · related or exempt $29,470

  • 7a · Gross sales of assets other than inventory

    other assets $120,367

  • 7b · Less cost or other basis and sales expenses

    other assets $62,942

  • 7c · Gain or loss

    other assets $57,425

  • 7d · Net gain or loss

    total $57,425 · related or exempt $57,425

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $132,000 · program services $117,306 · management and general $9,260 · fundraising $5,434

  • 7 · Other salaries and wages

    total $629,294 · program services $565,808 · management and general $41,528 · fundraising $21,958

  • 8 · Pension plan contributions

    total $5,277 · program services $4,925 · management and general $352

  • 9 · Other employee benefits

    total $56,193 · program services $52,444 · management and general $3,749

  • 10 · Payroll taxes

    total $31,763 · program services $29,644 · management and general $2,119

  • 11a · Fees: management

    total $132,936 · program services $23,153 · management and general $81,452 · fundraising $28,331

  • 11c · Fees: accounting

    total $12,110 · program services $12,110

  • 12 · Advertising and promotion

    total $22,030 · program services $22,030

  • 13 · Office expenses

    total $162,860 · program services $146,495 · management and general $13,424 · fundraising $2,941

  • 16 · Occupancy

    total $864,932 · program services $829,356 · management and general $33,617 · fundraising $1,959

  • 19 · Conferences, conventions and meetings

    total $15,855 · program services $13,477 · management and general $1,427 · fundraising $951

  • 20 · Interest

    total $152,645 · program services $152,645

  • 22 · Depreciation, depletion and amortization

    total $127,879 · program services $121,305 · management and general $6,574

  • 23 · Insurance

    total $302,039 · program services $287,066 · management and general $14,301 · fundraising $672

  • 24a · Other expenses: PROPERTY/OTHER TAXES

    total $245,011 · program services $230,038 · management and general $14,301 · fundraising $672

  • 24b · Other expenses: SECURITY

    total $36,713 · program services $36,713

  • 24c · Other expenses: COMMUNITY SERVICE

    total $166,363 · program services $166,363

  • 24d · Other expenses: DONATIONS

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $456,864 · end of year $213,359

  • 2 · Savings and temporary cash investments

    beginning of year $1,324,291 · end of year $925,108

  • 3 · Pledges and grants receivable

    beginning of year $1,032,561 · end of year $385,919

  • 8 · Inventories for sale or use

    beginning of year $911,968 · end of year $911,968

  • 9 · Prepaid expenses and deferred charges

    beginning of year $107,210 · end of year $112,731

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

    $6,902,890

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

    $1,680,829

  • 10c · Land, buildings and equipment, net

    beginning of year $5,204,038 · end of year $5,222,061

  • 17 · Accounts payable and accrued expenses

    beginning of year $858,556 · end of year $531,421

  • 23 · Secured mortgages and notes payable

    beginning of year $2,896,750 · end of year $2,847,298

  • 27 · Net assets without donor restrictions

    beginning of year $3,018,736 · end of year $2,585,234

  • 28 · Net assets with donor restrictions

    beginning of year $2,262,890 · end of year $1,807,193

Mission and programs · 2025

Mission

COMMUNITY DEVELOPMENT

Activities or mission (Part I)

PROVIDE AFFORDABLE HOUSING AND REVITALIZE INNER CITY NEIGHBORHOODS

  • THE ORGANIZATION PARTICIPATED IN PROVIDING AFFORDABLE HOUSING FOR LOW

    Expenses $2,810,878 · Revenue $2,119,806

As filed on the 2025 return.

Listed in Part VII

  • T Deon Warner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Drew Masterson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Sharon Owens

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • C C Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Paul Charles

    EXEC DIRECTOR

    Total calculated
    $132,000
    From this org
    $132,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • M Todd Triggs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Trejo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alice Otchere

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Juanita Causey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Dinardo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • COMMUNITY LOAN CENTER

    501 C 3 · LOW INCOMELENDING · TX

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NUBIA HOUSING COMPANY 1

    LOW INCOMERENTAL · TX · income -$407,612 · assets $4,028,912

    Directly controlled by NRCDC

Provenance

Return type
form_990
Tax year
2025
Filed
7 July 2026
IRS schema version
2025v4.0
Source object
202642369349301209

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