Equity Community Development

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 12/2021, Equity Community Development employed 4 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 12/2021, Equity Community Development generated $595.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $602.4k during the year ending 12/2021. While expenses have increased by 15.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 8 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 2020. EQUITY CDC ONLY ADMINISTERED GOVERNMENT CONTRIBUTIONS IN FY 2021.


EQUITY CDC SUCCESSFULLY COMPLETED 8 HOUSING REHABILITATIONS, 1 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 2021. EQUITY CDC ONLY ADMINISTERED GOVERNMENT CONTRIBUTIONS IN FY 2021.


EQUITY CDC SUCCESSFULLY COMPLETED THE EMERGENCY SERVICES HELP FOR COLONIAS PROGRAM IN VAL VERDE AND MAVERICK COUNTIES. FUNDING WAS PROVIDED BY THE TXCDBG PROGRAM, ADMINISTERED BY THE TEXAS DEPARTMENT OF AGRICULTURE. THE FUNDING PROVIDED FOR THE TEMPORARY PAYMENT OF HOUSEHOLD EXPENSES, SUCH AS MORTGAGE ASSISTANCE, UTILITY BILLS, AND GROCERY STORE GIFT CARDS FOR LOW-INCOME HOUSEHOLDS IMPACTED BY THE COVID-19 PANDEMIC. THIS PROGRAM SERVICE IS AN ACTIVITY THAT ACCOMPLISHES OUR EXEMPT PURPOSE AND FULFILLS OUR MISSION. THE FUNDING FOR THE WORK WAS 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 2021. EQUITY CDC ONLY ADMINISTERED GOVERNMENT CONTRIBUTIONS IN FY 2021.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Stevenson
Executive Director
$85,000
Crystal Agnew
Board Treasurer
$0
Jerald Ferguson
Board President
$0
Christopher Stevenson
Board Member
$0
William Gudeman
Board Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $595,602
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$595,602
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 $595,602

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