Texas Community Capital
- Assets
- $703.7k
- Revenue
- $49.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 68-0488549
Organization Overview
Texas Community Capital is located in Austin, TX. The organization was established in 2004. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Community Capital 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 Community Capital generated $49.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $203.2k during the year ending 12/2021. 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
COMMUNITY DEVELOPMENT LOAN FUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF A PRE-DEVELOPMENT LOAN FUND TO PROMOTE AFFORDABLE HOUSING IN TEXAS.
COMMUNITY LOAN CENTER, SMALL DOLLAR LOANS TO LOW-INCOME WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Leon Board Chair | OfficerTrustee | 1 | $0 |
Tom Wilkinson Past Chair | OfficerTrustee | 1 | $0 |
David Danenfelzer Secretary | Trustee | 1 | $0 |
Victor Elmore Vice Chair | Trustee | 1 | $0 |
Dietrich Johnson Board Member | Trustee | 1 | $0 |
David Diaz Board 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 | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $39,515 |
| Investment income | $146 |
| 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 | $49,661 |
| 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 | $98,074 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,180 |
| Payroll taxes | $0 |
| Fees for services: Management | $298 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,017 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $7,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,809 |
| All other expenses | $0 |
| Total functional expenses | $203,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$10,469 |
| Savings and temporary cash investments | $451,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $246,108 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,517 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $703,722 |
| Accounts payable and accrued expenses | $50,948 |
| 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 | $206,835 |
| Other liabilities | $0 |
| Total liabilities | $257,783 |
| Net assets without donor restrictions | $171,939 |
| Net assets with donor restrictions | $274,000 |
| 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 | $703,722 |
Grants Awarded
Over the last fiscal year, Texas Community Capital has awarded $100,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: INCREASE CLC NETWORK | $25,000 |
Nashville, TN PURPOSE: INCREASE CLC NETWORK | $25,000 |
Chattanooga, TN PURPOSE: INCREASE CLC NETWORK | $25,000 |
Raleigh, NC PURPOSE: INCREASE CLC NETWORK | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Community Capital has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kaleo Foundation Oklahoma City, OK | $289,356 | $10,074,414 |
Seal Legacy Foundation Austin, TX | $170,082 | $2,286,086 |
Ann L Rhodes And Carol Greene Rhodes Charitable Tr Dallas, TX | $35,343,894 | $5,681,948 |
Boot Campaign Inc Dallas, TX | $2,111,579 | $2,406,130 |
Nusenda Foundation Albuquerque, NM | $2,974,689 | $839,894 |
Aid The Silent Boerne, TX | $604,363 | $626,209 |
Reach Out Honduras Inc McKinney, TX | $460,182 | $516,327 |
N-Star Events Inc Austin, TX | $48,682 | $512,909 |
Shootout For Soldiers Inc Houston, TX | $202,368 | $354,670 |
Kohaw Foundation Edmond, OK | $2,898,511 | $101,686 |
Kendall County Wild Game Dinner Boerne, TX | $102,358 | $245,393 |
Aha Art House Dallas Dallas, TX | $1,838,098 | $239,110 |