Texas Housing Finance Corporation
- Assets
- $7.6m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 74-2617569
Organization Overview
Texas Housing Finance Corporation is located in Austin, TX. The organization was established in 1992. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Housing Finance Corporation 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 12/2021, Texas Housing Finance Corporation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.6% each year . All expenses for the organization totaled $277.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING AS A GENERAL PARTNER IN AN ADVISORY CAPACITY FOR PARTNERSHIPS INVOLVED IN LOW INCOME HOUSING.
ASSET MANAGEMENT OF LOW INCOME HOUSING PROJECTS.
CONSULTING FOR ACQUISTION AND DISPOSITION OF LOW INCOME HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Jones Secretary | 40 | $155,000 | |
Stephan Fairfield Director | 2 | $0 | |
Frances Ferguson Vice President | 2 | $0 | |
James Logue Director | 2 | $0 | |
Rick Laber Director | 2 | $0 | |
Michael Hernandez President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $654 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,315,001 |
| Capital Gain Net Income | $4,315,001 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $233,351 |
| Total Revenue | $4,549,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,100 |
| Interest | $0 |
| Taxes | $11,132 |
| Depreciation | $162 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,780 |
| Printing and publications | $0 |
| Other expenses | $39,473 |
| Total operating and administrative expenses | $277,821 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $277,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $326,025 |
| Net Accounts receivable | $555 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $163 |
| Other assets | $7,320,433 |
| Total assets | $7,647,176 |
| Accounts payable and accrued expenses | $6,405 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,000 |
| Total liabilities | $16,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bella Vista Village Property Owners Association Bella Vista, AR | $65,598,574 | $31,138,285 |
Sienna Plantation Residential Association Inc Missouri City, TX | $10,383,877 | $12,546,129 |
Riverstone Homeowners Association Sugar Land, TX | $13,624,654 | $10,362,620 |
Woodforest Owners Association Inc Houston, TX | $5,341,273 | $9,874,039 |
Cinco Residential Property Assn Inc Katy, TX | $14,599,829 | $10,954,529 |
Stonebridge Ranch Community Association Inc Dallas, TX | $11,315,034 | $8,717,166 |
Towne Lake Community Association Inc Cypress, TX | $4,256,681 | $7,685,021 |
Walden On Lake Conroe Community Improvement Asso Montgomery, TX | $5,919,000 | $7,405,584 |
Aliana Homeowners Association Inc Pipe Creek, TX | $4,933,191 | $6,737,042 |
Steiner Ranch Master Association Inc Austin, TX | $3,672,449 | $4,302,724 |
Canyon Falls Master Community Inc Dallas, TX | $5,159,893 | $4,744,849 |
Castle Hills Master Association Inc Lewisville, TX | $4,067,423 | $4,896,405 |