Temenos Community Development Corpo Ration
- Assets
- $5.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 42
- Location
- Houston, TX
- Founding
- 07/2006
- Data as of
- 12/2022
- EIN
- 20-4594987
Organization Overview
Temenos Community Development Corpo Ration is located in Houston, TX. The organization was established in 2006. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Temenos Community Development Corpo Ration employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Temenos Community Development Corpo Ration is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Temenos Community Development Corpo Ration generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEMENOS COMMUNITY DEVELOPMENT CORPORATION'S MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES, SUPPORTIVE SERVICES, AND EMPLOYMENT RESOURCES TO LOW- TO EXTREMELY LOW-INCOME PERSONS ON THEIR JOURNEY TO SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PERMANENT HOUSING FOR LOW INCOME AND HOMELESS INDIVIDUALS, PROVIDE SOCIAL SERVICE RESOURCES FOR THE SAME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Thomas Board Chair | Trustee | 1 | $0 |
Melvin Gray Member | Trustee | 1 | $0 |
Roger Curtis Member | Trustee | 1 | $0 |
Darryl Boudreaux Member | Trustee | 1 | $0 |
Eva Thibaudeau-Graczyk CEO | Officer | 40 | $133,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,095,099 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,287 |
| Noncash contributions included in lines 1a–1f | $139,287 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,234,386 |
| Total Program Service Revenue | $665,978 |
| Investment income | $16,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,131,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,765 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $796,205 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,151 |
| Payroll taxes | $86,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,169 |
| Fees for services: Accounting | $282,964 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,300 |
| Advertising and promotion | $0 |
| Office expenses | $20,737 |
| Information technology | $41,689 |
| Royalties | $0 |
| Occupancy | $844,762 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,184 |
| Insurance | $77,685 |
| All other expenses | $1,194 |
| Total functional expenses | $2,497,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $823,171 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $417,963 |
| Accounts receivable, net | $456,140 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $735,400 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,612 |
| Net Land, buildings, and equipment | $2,849,582 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,285,868 |
| Accounts payable and accrued expenses | $180,270 |
| Grants payable | $0 |
| Deferred revenue | $2,000,064 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,586 |
| Total liabilities | $2,186,920 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,098,948 |
| Total liabilities and net assets/fund balances | $5,285,868 |