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← FIFTH WARD COMMUNITY REDEVELOPMENT

Form 990 for tax year 2023

Filed by FIFTH WARD COMMUNITY REDEVELOPMENT.

Totals

Total revenue
$4,384,538
Total expenses
$6,441,119
Contributions and grants received
$2,606,692
Grants paid
$0
Program service revenue
$779,001
Investment income
$7,537
Other revenue
$991,308
Total assets, end of year
$20,330,460
Total liabilities, end of year
$14,160,917
Net assets or fund balances, end of year
$6,169,543
Program services expenses (Part IX)
$5,425,762
Management and general expenses
$940,131
Fundraising expenses
$75,226
Program service expenses (Part III)
$5,425,762

Program services were 84.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHARLES E TURNER

    CHAIRMAN

    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

    TRUSTEE

    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

    FOUNDER

    Total calculated
    $0
    Hours/week
    2

  • GAYILA BOLDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KATHY FLANAGAN-PAYTON

    PRESIDENT/CEO

    Total calculated
    $154,000
    From this org
    $141,000
    From related orgs
    $0
    Other
    $13,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,000
    Filer's total
    $154,000

  • MAYRA G BONTEMPS

    CHIEF OF REAL ESTATE DEVELOPMENT

    Total calculated
    $127,250
    From this org
    $127,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • LASHAWN MCCOY

    CHIEF STRATEGIST PROGRAM OFFICER

    Total calculated
    $127,373
    From this org
    $127,373
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JOHN W PEAVY

    CONTROLLER

    Total calculated
    $110,711
    From this org
    $110,711
    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 $123,999 · general or managing partner

    Directly controlled by FIFTH WARD CRC

  • 4514 LYONS LLC

    PROPERTY REDEVELOPMENT · TX · 100% owned · share of assets $829,629

    Directly controlled by FIFTH WARD CRC

  • ST ELIZABETH PLACE LP

    PROPERTY REDEVELOPMENT · TX · 56% owned · share of assets $4,693,400 · 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 $3,943,661

    Directly controlled by FIFTH WARD CRC

  • FWCRC JAMESE LLC

    ACQUIRING MANAGING AND OPERATING · TX · 100% owned · share of assets $80,906

    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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349324988

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