Equity Community Development
- Assets
- $19.3k
- Revenue
- $496.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Austin, TX
- Founding
- Data as of
- 12/2022
- EIN
- 45-5091301
Organization Overview
Equity Community Development is located in Austin, TX. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Equity Community Development employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equity Community Development 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, Equity Community Development generated $496.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $489.2k during the year ending 12/2022. While expenses have increased by 6.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
EQUITY CDC WORKS WITH UNITS OF GOVERNMENT AND LOW-INCOME PEOPLE TO CREATE, DEVELOP AND ADMINISTER HOUSING PROGRAMS FOR THE REHABILITATION, RECONSTRUCTION, OR NEW CONSTRUCTION OF LOW-INCOME HOUSING IN PRIMARILY RURAL AND UNDERSERVED AREAS OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUITY CDC SUCCESSFULLY COMPLETED ACCESSIBILITY MODIFICATIONS AND REHABILITATIONS OF 9 LOW-INCOME, SINGLE-FAMILY, OWNER-OCCUPIED HOMES AS A DIRECT RECIPIENT OF AMY YOUNG BARRIER REMOVAL (AYBR) PROGRAM FUNDING FROM THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA). THE WORK WAS PROVIDED AS A GRANT TO THE HOMEOWNERS AND WAS CONDUCTED IN VAL VERDE, MAVERICK AND WILLIAMSON COUNTIES. THIS PROGRAM SERVICE IS AN ACTIVITY THAT ACCOMPLISHES OUR EXEMPT PURPOSE AND FULFILLS OUR MISSION. THE FUNDING FOR THE WORK IS PROVIDED IN THE FORM OF GRANTS FROM A UNIT OF GOVERNMENT FOR THE BENEFIT OF INDIVIDUAL, LOW-INCOME HOMEOWNERS AND THEIR PRIVATE RESIDENCES, NOT FOR THE DIRECT BENEFIT GOVERNMENT ITSELF; THEREFORE, THERE IS NO GENERATION OF REVENUE TO BE REPORTED HERE AS IT IS CONSIDERED TO BE A CONTRIBUTION (GOVERNMENT GRANT) AND NOT REVENUE DERIVED FROM PROGRAM SERVICES. ALSO, THERE ARE NO GRANTS TO BE REPORTED HERE AS A SUBCATEGORY OF EQUITY CDC'S PROGRAM SERVICES EXPENSES AS EQUITY CDC DID NOT MAKE ANY GRANTS IN FY 2022. EQUITY CDC ONLY ADMINISTERED GOVERNMENT CONTRIBUTIONS IN FY 2022.
EQUITY CDC SUCCESSFULLY COMPLETED 2 HOUSING REHABILITATIONS, 6 HOUSING RECONSTRUCTION AND MAINTAINED A TOOL LENDING LIBRARY AND COMPUTER LAB WITH ACCESS TO THE INTERNET FOR LOW-INCOME RESIDENTS OF TEXAS COLONIAS UNDER THE COLONIA SELF-HELP CENTER (SHC) PROGRAM OF THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA). TDHCA AWARDED THE SHC PROGRAM FUNDING, WHICH IS SOURCED FROM CDBG HUD FUNDING, TO VAL VERDE AND MAVERICK COUNTIES, THE DIRECT RECIPIENTS OF THE GRANT FUNDING. THE COUNTIES CONTRACTED WITH EQUITY CDC TO PROVIDE THE SERVICES IN VAL VERDE AND MAVERICK COUNTIES. THIS PROGRAM SERVICE IS AN ACTIVITY THAT ACCOMPLISHES OUR EXEMPT PURPOSE AND FULFILLS OUR MISSION. THE FUNDING FOR THE WORK IS PROVIDED IN THE FORM OF GRANTS FROM A UNIT OF GOVERNMENT FOR THE BENEFIT OF INDIVIDUAL, LOW-INCOME HOMEOWNERS AND THEIR PRIVATE RESIDENCES, NOT FOR THE DIRECT BENEFIT GOVERNMENT ITSELF; THEREFORE, THERE IS NO GENERATION OF REVENUE TO BE REPORTED HERE AS IT IS CONSIDERED TO BE A CONTRIBUTION (GOVERNMENT GRANT) AND NOT REVENUE DERIVED FROM PROGRAM SERVICES. ALSO, THERE ARE NO GRANTS TO BE REPORTED HERE AS A SUBCATEGORY OF EQUITY CDC'S PROGRAM SERVICES EXPENSES AS EQUITY CDC DID NOT MAKE ANY GRANTS IN FY 2022. EQUITY CDC ONLY ADMINISTERED GOVERNMENT CONTRIBUTIONS IN FY 2022.
EQUITY CDC DID NOT CONDUCT A THIRD PS ACCOMPLISHMENT IN 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Stevenson Executive Director | OfficerTrustee | 40 | $85,000 |
Jerald Ferguson Board President | Trustee | 0.25 | $0 |
Crystal Agnew Board Treasurer | Trustee | 0.25 | $0 |
Christopher Stevenson Board Member | Trustee | 0.25 | $0 |
William Gudeman Board Secretary | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $496,834 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,834 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $496,834 |
| 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. | $85,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,668 |
| Advertising and promotion | $1,050 |
| Office expenses | $20,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,108 |
| All other expenses | $0 |
| Total functional expenses | $489,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,327 |
| Savings and temporary cash investments | $10 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,337 |
| Accounts payable and accrued expenses | $16,833 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $17,506 |
| Other liabilities | $0 |
| Total liabilities | $34,339 |
| Net assets without donor restrictions | -$15,002 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $19,337 |