Community Housing Resource Board Of Lubbock
- Assets
- $2.4m
- Revenue
- $394.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Lubbock, TX
- Founding
- 10/1985
- Data as of
- 09/2022
- EIN
- 75-2052605
Organization Overview
Community Housing Resource Board Of Lubbock, operating under the name Of Lubbock, is located in Lubbock, TX. The organization was established in 1985. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Of Lubbock employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Of Lubbock 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 09/2022, Of Lubbock generated $394.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $515.3k during the year ending 09/2022. While expenses have increased by 6.0% per year over the past 7 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
TO FACILITATE THE PURCHASE AND RENTAL OF REAL PROPERTY BY MINORITY BUYERS AND RENTERS; TO ENABLE MINORITY BUYERS AND RENTERS TO HAVE A FREE CHOICE IN THEIR HOUSING LOCATION; TO DIMINISH AND ERADICATE DISCRIMINATION IN THE ACQUISITION, DISPOSITION AND RENTAL OF ALL REAL PROPERTY; TO ENCOURAGE AND ASSIST IN THE IMPLEMENTATION OF FEDERAL, STATE AND LOCAL FAIR HOUSING LAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL HOUSING: PURCHASE, REHABILITATED AND RENTED RESIDENTIAL REAL ESTATE FOR LOW/MODERATE INCOME INDIVIDUALS - SERVED 30 FAMILIES.
HANDICAPPED ACCESSIBLE RENTAL, ELDERLY HOUSING AND ELDERLY/HANDICAPPED HOUSING: PROVIDE RENTAL HOUSING TO LOW/MODERATE INCOME HANDICAPPED AND ELDERLY INDIVIDUALS - SERVED 12 FAMILIES.
MARIPOSA APARTMENTS: MAINTAINED APARTMENTS FOR RENT TO LOW/MODERATE INCOME INDIVIDUALS - SERVED 8 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Trejo Past Executi | Officer | 40 | $67,806 |
June Salas Executive Di | Officer | 40 | $44,032 |
Sam Harper President | OfficerTrustee | 2 | $0 |
Penny Morin Secretary/tr | OfficerTrustee | 2 | $0 |
Billie Caviel Member | Trustee | 1 | $0 |
Robert Ramirez Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $388,799 |
| 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 | $394,544 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,995 |
| Pension plan accruals and contributions | $2,744 |
| Other employee benefits | $5,012 |
| Payroll taxes | $1,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $776 |
| Fees for services: Accounting | $5,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $777 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,066 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,646 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $515,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,420 |
| Savings and temporary cash investments | $0 |
| 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 | $17,358 |
| Net Land, buildings, and equipment | $2,160,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,433,917 |
| Accounts payable and accrued expenses | $13,992 |
| 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 | $0 |
| Other liabilities | $38,591 |
| Total liabilities | $52,583 |
| Net assets without donor restrictions | $2,381,334 |
| 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 | $2,433,917 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inner-City Revitalization Corporation Alexandria, LA | $3,054,125 | $1,423,082 |
Briargrove Property Owners Inc Houston, TX | $808,058 | $1,011,416 |
Grammies Cottage Porter, TX | $34,581 | $449,156 |
Community Housing Resource Board Of Lubbock Lubbock, TX | $2,433,917 | $394,544 |
Canton I Inc Lakeway, TX | $2,787,942 | $372,242 |
Fostering Change Foundation Inc Greenwood, LA | $17,512 | $0 |
Odessa Affordable Housing Inc Odessa, TX | $616,672 | $16,514 |