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Nonprofiteer
← NEIGHBORHOOD RECOVERY COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by NEIGHBORHOOD RECOVERY COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,614,847
Total expenses
$2,902,330
Contributions and grants received
$640,429
Grants paid
$0
Program service revenue
$1,954,749
Investment income
$19,669
Other revenue
$0
Total assets, end of year
$10,663,842
Total liabilities, end of year
$5,579,637
Net assets or fund balances, end of year
$5,084,205
Program services expenses (Part IX)
$2,653,824
Management and general expenses
$196,711
Fundraising expenses
$51,795
Program service expenses (Part III)
$2,653,824

Program services were 91.4% 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)

    $640,429

  • 2a · Program service revenue: COMMUNITY DEVELOPE

    total $1,927,311 · related or exempt $1,927,311

  • 2b · Program service revenue: MISCELLANEOUS INCOM

    total $27,438 · related or exempt $27,438

  • 3 · Investment income

    total $19,669 · related or exempt $19,669

  • 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 $130,000 · program services $114,363 · management and general $9,750 · fundraising $5,887

  • 7 · Other salaries and wages

    total $741,012 · program services $649,535 · management and general $55,574 · fundraising $35,903

  • 8 · Pension plan contributions

    total $8,398 · program services $7,768 · management and general $630

  • 9 · Other employee benefits

    total $61,178 · program services $56,590 · management and general $4,588

  • 10 · Payroll taxes

    total $54,487 · program services $50,401 · management and general $4,086

  • 11a · Fees: management

    total $114,953 · program services $62,207 · management and general $49,746 · fundraising $3,000

  • 11c · Fees: accounting

    total $7,510 · program services $7,510

  • 12 · Advertising and promotion

    total $13,415 · program services $13,415

  • 13 · Office expenses

    total $205,429 · program services $188,619 · management and general $15,689 · fundraising $1,121

  • 16 · Occupancy

    total $581,916 · program services $549,717 · management and general $27,332 · fundraising $4,867

  • 19 · Conferences, conventions and meetings

    total $16,956 · program services $14,413 · management and general $1,526 · fundraising $1,017

  • 20 · Interest

    total $156,706 · program services $156,706

  • 22 · Depreciation, depletion and amortization

    total $101,798 · program services $96,071 · management and general $5,727

  • 23 · Insurance

    total $197,087 · program services $186,055 · management and general $11,032

  • 24a · Other expenses: PROPERTY/OTHER TAXES

    total $218,040 · program services $207,009 · management and general $11,031

  • 24b · Other expenses: SECURITY

    total $42,719 · program services $42,719

  • 24c · Other expenses: COMMUNITY SERVICE

    total $249,726 · program services $249,726

  • 24d · Other expenses: DONATIONS

    total $1,000 · program services $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,145,718 · end of year $592,002

  • 2 · Savings and temporary cash investments

    beginning of year $2,654,280 · end of year $2,796,615

  • 3 · Pledges and grants receivable

    beginning of year $544,066 · end of year $353,051

  • 8 · Inventories for sale or use

    beginning of year $2,705,353 · end of year $3,188,133

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,536 · end of year $75,983

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

    $5,031,412

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

    $1,373,354

  • 10c · Land, buildings and equipment, net

    beginning of year $2,872,417 · end of year $3,658,058

  • 17 · Accounts payable and accrued expenses

    beginning of year $597,573 · end of year $1,039,884

  • 18 · Grants payable

    beginning of year $50,000 · end of year $50,000

  • 23 · Secured mortgages and notes payable

    beginning of year $3,963,109 · end of year $4,489,753

  • 27 · Net assets without donor restrictions

    beginning of year $4,487,977 · end of year $4,599,890

  • 28 · Net assets with donor restrictions

    beginning of year $883,711 · end of year $484,315

Mission and programs · 2022

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 $2,653,824 · Revenue $2,595,178

As filed on the 2022 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
    $130,000
    From this org
    $130,000
    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

  • Christina Char

    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 · LENDING · 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

    RENTAL · TX · income $1,914,586 · assets $5,316,460

    Directly controlled by NRCDC

Provenance

Return type
form_990
Tax year
2022
Filed
27 June 2023
IRS schema version
2022v5.0
Source object
202322919349301567

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