Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $333,995

• 1f · All other contributions, gifts and grants

  $1,876,508

• 2a · Program service revenue: MANAGEMENT FEES

  total $379,695 · related or exempt $379,695

• 2b · Program service revenue: DALLAS HOUSING OPPORTUNITY FUND F

  total $192,500 · related or exempt $192,500

• 2c · Program service revenue: LOAN REVENUE

  total $78,468 · related or exempt $78,468

• 3 · Investment income

  total $296,041 · excluded $296,041

• 7a · Gross sales of assets other than inventory

  securities $1,597,604

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

  securities $1,601,161

• 7c · Gain or loss

  securities -$3,557

• 7d · Net gain or loss

  total -$3,557 · excluded -$3,557

• 11a · Other revenue: OTHER INCOME

  total $15,770 · excluded $15,770

• 11e · Other revenue, total

  $15,770

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $714,338 · program services $714,338

• 5 · Compensation of officers, directors and key employees

  total $385,802 · program services $335,648 · management and general $30,864 · fundraising $19,290

• 7 · Other salaries and wages

  total $659,487 · program services $573,753 · management and general $52,759 · fundraising $32,975

• 8 · Pension plan contributions

  total $13,338 · program services $11,604 · management and general $1,067 · fundraising $667

• 9 · Other employee benefits

  total $47,907 · program services $41,679 · management and general $3,833 · fundraising $2,395

• 10 · Payroll taxes

  total $73,004 · program services $63,514 · management and general $5,840 · fundraising $3,650

• 11c · Fees: accounting

  total $44,776 · program services $38,955 · management and general $3,582 · fundraising $2,239

• 11g · Fees: other

  total $152,244 · program services $132,452 · management and general $12,180 · fundraising $7,612

• 12 · Advertising and promotion

  total $80,782 · program services $70,280 · management and general $6,463 · fundraising $4,039

• 13 · Office expenses

  total $66,636 · program services $57,975 · management and general $5,330 · fundraising $3,331

• 14 · Information technology

  total $213,335 · program services $185,601 · management and general $17,067 · fundraising $10,667

• 16 · Occupancy

  total $305,817 · program services $266,061 · management and general $24,465 · fundraising $15,291

• 17 · Travel

  total $7,612 · program services $6,622 · management and general $609 · fundraising $381

• 19 · Conferences, conventions and meetings

  total $35,672 · program services $31,034 · management and general $2,854 · fundraising $1,784

• 20 · Interest

  total $2,500 · program services $2,175 · management and general $200 · fundraising $125

• 22 · Depreciation, depletion and amortization

  total $47,107 · program services $40,983 · management and general $3,769 · fundraising $2,355

• 23 · Insurance

  total $21,813 · program services $18,977 · management and general $1,745 · fundraising $1,091

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $261,338 · program services $261,338

• 24b · Other expenses: STRATEGIC INITIATIVES

  total $39,778 · program services $34,608 · management and general $3,182 · fundraising $1,988

• 24c · Other expenses: IN KIND EXPENSES

  total -$189,144 · program services -$227,699 · management and general $23,726 · fundraising $14,829

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $257,148 · end of year $94,785

• 2 · Savings and temporary cash investments

  beginning of year $1,972,445 · end of year $149,799

• 4 · Accounts receivable

  beginning of year $49,810 · end of year $106,250

• 7 · Other notes and loans receivable

  beginning of year $1,270,183 · end of year $1,431,330

• 9 · Prepaid expenses and deferred charges

  beginning of year $72,130 · end of year $95,504

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

  $474,328

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

  $298,799

• 10c · Land, buildings and equipment, net

  beginning of year $184,677 · end of year $175,529

• 11 · Investments: publicly traded securities

  beginning of year $1,476,862 · end of year $3,685,766

• 12 · Investments: other securities

  beginning of year $3,462,308 · end of year $3,254,672

• 15 · Other assets

  beginning of year $1,637,041 · end of year $715,348

• 17 · Accounts payable and accrued expenses

  beginning of year $36,582 · end of year $14,123

• 18 · Grants payable

  beginning of year $1,316,783 · end of year $252,240

• 19 · Deferred revenue

  beginning of year $608,067 · end of year $394,586

• 24 · Unsecured notes and loans payable

  beginning of year $250,833 · end of year $250,833

• 25 · Other liabilities

  beginning of year $924,428 · end of year $746,128

• 27 · Net assets without donor restrictions

  beginning of year $2,910,699 · end of year $2,911,442

• 28 · Net assets with donor restrictions

  beginning of year $4,335,212 · end of year $5,139,631

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION FOR TOP MANAGEMENT OFFICIALS IS APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE FROM A RELATED ORGANIZATION. COMPENSATION IS COMPARED TO EXECUTIVE COMPENSATION BY REVIEWING COMPARABILITY DATA OF SIMILAR ORGANIZATIONS. THE APPROVAL OF COMPENSATION IS DOCUMENTED IN EMAIL CORRESPONDENCE AMONG THE COMPENSATION COMMITTEE. THE COMPENSATION OF ALL OTHER STAFF, INCLUDING OFFICERS WHO ARE EMPLOYEES, IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON RECOMMENDATION BY THE CEO.