Frameworks Community Development Corporation Inc
- Assets
- $2.6m
- Revenue
- $598.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Austin, TX
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 56-2492634
Organization Overview
Frameworks Community Development Corporation Inc is located in Austin, TX. The organization was established in 2005. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Frameworks Community Development Corporation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frameworks Community Development Corporation Inc 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, Frameworks Community Development Corporation Inc generated $598.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $583.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOME BUYER EDUCATION AND COUNSELING, FORECLOSURE PREVENTION COUNSELING, FINANCIAL LITERACY EDUCATION TO LOW INCOME INDIVIDUALS, AND FACILITATE AFFORDABLE HOUSING INCLUDING HOME OWNERSHIP AND RENTAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL PROPERTY
HOMEBUYER EDUCATION AND FORECLOSURE PREVENTION
ACQUISITION AND DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Mcdonald Executive Director | Officer | 50 | $110,767 |
Joann Depenning Chair | OfficerTrustee | 0.5 | $0 |
Roger Davis Treasurer | OfficerTrustee | 0.5 | $0 |
Reynaldo Vasquez Secretary | OfficerTrustee | 0.5 | $0 |
Edie Phillips Vice-Chair | OfficerTrustee | 0.5 | $0 |
Shalanda Smith Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,321 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,188 |
| Noncash contributions included in lines 1a–1f | $160 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,509 |
| Total Program Service Revenue | $454,422 |
| 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 | $598,187 |
| 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. | $127,782 |
| Compensation of current officers, directors, key employees. | $10,223 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,783 |
| Payroll taxes | $14,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $50,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,790 |
| Advertising and promotion | $0 |
| Office expenses | $6,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,061 |
| Travel | $978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,144 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,315 |
| Insurance | $18,480 |
| All other expenses | $5,305 |
| Total functional expenses | $583,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $905,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,077 |
| 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 | $6,321 |
| Net Land, buildings, and equipment | $1,659,338 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $2,576,513 |
| Accounts payable and accrued expenses | $27,537 |
| Grants payable | $0 |
| Deferred revenue | $33,600 |
| 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 | $1,683,023 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $517,437 |
| Total liabilities | $2,261,597 |
| Net assets without donor restrictions | $314,916 |
| 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 | $2,576,513 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Frameworks Community Development Corporation Inc has recieved totaling $48,600.
| Awarding Organization | Amount |
|---|---|
Consumer Credit Counseling Service Of San Francisco Concord, CA PURPOSE: HOUSING COUNSELING & EDUCATION | $33,600 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Spanish Trail-Almeda Corridors Redevelopment Authority Houston, TX | $78,272,041 | $12,203,610 |
Centro Public Improvement District San Antonio, TX | $1,647,971 | $6,189,889 |
Maple Avenue Economic Development Corporation Of Dallas Dallas, TX | $11,933,705 | $3,299,961 |
White River Planning & Development Dist Inc Batesville, AR | $13,868,468 | $4,307,468 |
Covenant Community Capital Corporation Houston, TX | $9,362,906 | $2,210,165 |
Metafund Corporation Edmond, OK | $30,699,805 | $2,775,325 |
Sfs Development Inc Oklahoma City, OK | $22,888,253 | $6,807,080 |
Divinc Austin, TX | $1,242,173 | $2,296,391 |
The Pyramid Community Development Corporation Houston, TX | $3,288,918 | -$1,072,522 |
Technology & Entrepreneurship Center Of Houston Inc Houston, TX | $3,649,151 | $380,691 |
Regional Community Finance Inc New Orleans, LA | $27,779,646 | $1,353,772 |
Duncan Area Economic Development Foundation Duncan, OK | $17,794,309 | $1,169,335 |