Texas Housing Finance Corporation
- Assets
- $7.5m
- Revenue
- $527.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 74-2617569
Organization Overview
Texas Housing Finance Corporation is located in Austin, TX. The organization was established in 1992. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Texas Housing Finance 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, Texas Housing Finance Corporation generated $527.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING AS A GENERAL PARTNER IN AN ADVISORY CAPACITY FOR PARTNERSHIPS INVOLVED IN LOW INCOME HOUSING.
ASSET MANAGEMENT OF LOW INCOME HOUSING PROJECTS.
CONSULTING FOR ACQUISTION AND DISPOSITION OF LOW INCOME HOUSING PROJECTS.
MAKING CHARITABLE GRANTS TO QUALIFIED HOUSING ORGANIZATIONS IN TEXAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephan Fairfield Director | 2 | $0 | |
Frances Ferguson Vice President | 2 | $0 | |
James Logue Director | 2 | $0 | |
Rick Laber Director | 2 | $0 | |
Michael Hernandez President | 2 | $0 | |
Calvin Jones Secretary | 40 | $155,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,799 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $502,732 |
| Total Revenue | $527,531 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,100 |
| Interest | $0 |
| Taxes | $89,109 |
| Depreciation | $163 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,876 |
| Printing and publications | $0 |
| Other expenses | $45,198 |
| Total operating and administrative expenses | $353,284 |
| Contributions, gifts, grants paid | $950,000 |
| Total expenses and disbursements | $1,303,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,466,337 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,466,337 |
| Accounts payable and accrued expenses | $1,319 |
| Grants payable | $600,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,000 |
| Total liabilities | $611,319 |
Grants Awarded
Over the last fiscal year, Texas Housing Finance Corporation has awarded $700,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SISTERS OF SACRED HEART PURPOSE: TO SUPPORT THE MISSION | $25,000 |
THRU PROJECT PURPOSE: PROVIDE SUPPORT FOR THE GAP BETWEEN FOSTER CARE AND ADULTHOOD FOR YOUTH WHO AGE OUT OF THE FOSTER CARE SYSTEM | $25,000 |
AUSTISM TREATMENT CENTER PURPOSE: SUPPORT FOR PEOPLE WITH AUTISM AND RELATED DISORDERS | $25,000 |
MULTI ASSISTANCE CENTER PURPOSE: SUPPORT SERVICES FOR INDIVIDUALS WITH DISABILITES AND SPECIAL NEEDS | $25,000 |
LAKE TRUST PURPOSE: DOWN PAYMENT ASSISTANCE FOR HABITAT HOUSING AND OTHER HOUSING INITIATIVES. | $25,000 |
CDC OF BROWNSVILLE PURPOSE: TO SCALE THEIR CAISTA HOUSING PRODUCT AND OTHER HOUSING INITIATVIES | $250,000 |