Community Restoration Corporation

Organization Overview

Community Restoration Corporation is located in Irving, TX. The organization was established in 2013. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Community Restoration 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 12/2022, Community Restoration Corporation generated $7.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $283.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (31.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

WORKING IN STRATEGIC PARTNERSHIP WITH A TEAM OF LOCAL ORGANIZATIONS, CRC ACQUIRED DISTRESSED MORTGAGES/NOTES AND REAL ESTATE OWNED (REO) PROPERTIES FROM LENDERS AND CREATES COMMUNITY-FOCUSED DISPOSITION STRATEGIES FOR THE ASSETS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CRC WORKS WITH BORROWERS TO SUCCESSFULLY EXECUTE VARIOUS LOAN MODIFICATIONS, SETTLEMENTS, REPAYMENT PLANS, AND DEED-IN-LIEUS.


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Board, Officers & Key Employees

Name (title)Compensation
Carlos Alcazar
President
$0
Matt Cameron
Treasuer
$0
Jennifer Hennemuth
Secretary
$0
Eric Chatman
Director
$0
Kate Monter Durban
Director (left In 2022)
$0
Erin Persons
Director (left In 2022)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Security National Master Holding Company
Loan Servicing
$206,252
Ncst Mortgage Resolutions Llc
Program Management
$125,625
View All Vendors

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$371,164
Investment income $4,277
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 $7,360,627

Grants Awarded

Over the last fiscal year, Community Restoration Corporation has awarded $783,393 in support to 2 organizations.

Grant RecipientAmount

THE HOUSING PARTNERSHIP NETWORK INC

PURPOSE: GOOD FAITH GRANT FOR EFFORTS IN ESTABLISHING CRC AND HELPING TO ACHIEVE ITS OBJECTIVES.

$33,393

LOCAL INITIATIVES SUPPORT CORPORATION

PURPOSE: EXCESS PROGRAM FUNDS PERTAINING TO THE NEW YORK LOAN POOLS.

$750,000
View Grant Profile

Peer Organizations

Organization NameAssets
Commonwealth Multifamly Housing Corporation
Temple, TX
$15,668,421
Christian Community Action
Lewisville, TX
$9,114,033
Central Oklahoma Habitat For Humanity Inc
Oklahoma City, OK
$10,033,283
Rebuilding Together Houston
Houston, TX
$3,543,328
San Antonio Housing Trust Foundation Inc
San Antonio, TX
$3,150,818
North Texas Fair Housing Center
Dallas, TX
$426,682
Texas Campaign For The Environment Fund
Austin, TX
$1,846,726
New Braunfels Community Resources Inc
New Braunfels, TX
$1,507,950
Habitat For Humanity International Inc
New Braunfels, TX
$1,354,098
South Texas Housing And Community Development Corp
San Antonio, TX
$652,728
Sol Housing
Albuquerque, NM
$3,020,427
Texas Low Income Housing Information Service
Austin, TX
$622,427
Laredo-Webb Neighborhood Housing Services Inc
Laredo, TX
$832,733
Habitat For Humanity International Inc
Fayetteville, AR
$1,107,453
Habitat For Humanity International Inc
Corpus Christi, TX
$1,040,252
Fellowship Manor Ltd
New Orleans, LA
$897,973
Lutheran Properties Inc
Austin, TX
$1,074,118
Brentwood Economic Community Development Corp
Houston, TX
$923,055
Guadalupe Economic Services Corporation
Lubbock, TX
$830,560
Macon Ridge Community Development Corporation
Ferriday, LA
$469,685
Transitional Living Centers Of Oklahoma Inc
Tulsa, OK
$995,741
Hampton Creek Community Association Inc
Houston, TX
$584,484
Shelterwell Inc
Oklahoma City, OK
$604,574
Brownsville Affordable Homeownershi P Corporation
Brownsville, TX
$631,404
City Of Lubbock Housing Initiatives
Lubbock, TX
$514,452

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