San Marcos Reinvestment Corporation is located in San Marcos, TX. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. San Marcos Reinvestment Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SAN MARCOS REINVESTMENT CORPORATION IS ORGANZIED TO PROMOTE THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING IN THE LOW INCOME INNER-CITY NEIGHBOORHOODS OF THE CITY OF SAN MARCOS AND HAYS COUNTY, TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NON-PROFIT CORPORATION CONTINUES TO PROMOTE AFFORDABLE HOUSING IN SAN MARCOS BY MARKETING TO FAMILIES AND INDIVIDUALS WHO DO NOT EXCEED 80% OF THE AREA MEDIAN INCOME.
CURRENTLY, ECONOMIC CONDITIONS HAVE HELD US BACK ON THE CONSTRUCTION OF NEW HOMES. THE BOARD OF DIRECTORS HAS ESTABLISHED A GOAL OF ATTEMPTING TO ACQUIRE HOMES WHICH ARE BEING FORECLOSED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gloria Salazar Commissioner | Trustee | 1 | $0 |
Richard Cruz Chairperson | Trustee | 1 | $0 |
Rose Brooks Vice Chairperson | Trustee | 1 | $0 |
Linda Nina Ramos Commissioner | Trustee | 1 | $0 |
Lana Wagner Sec/treas | Trustee | 1 | $0 |
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 | $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 | $0 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
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 | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $0 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $599,754 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,500 |
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 | $0 |
Net Land, buildings, and equipment | $41,191 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $642,445 |
Accounts payable and accrued expenses | $102 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $102 |
Net assets without donor restrictions | $0 |
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 | $642,343 |
Total liabilities and net assets/fund balances | $642,445 |
Organization Name | Assets | Revenue |
---|---|---|
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |
Texas State Affordable Housing Corporation Austin, TX | $253,139,285 | $134,173,909 |
Affordable Homes Of South Texas Inc McAllen, TX | $103,488,334 | $9,163,673 |
Granada Trade Council Housing Inc San Antonio, TX | $11,446,579 | $24,162,688 |
Volunteers Of Victoria Inc Victoria, TX | $9,297,614 | $6,853,984 |
Housing Channel Fort Worth, TX | $32,383,892 | $9,693,954 |
Crossroads Lousiana Inc New Orleans, LA | $7,147,653 | $6,355,494 |
Brownsville Housing Opportunity Corporation Brownsville, TX | $40,656,817 | $6,326,145 |
New Orleans Area Habitat For Humanity Inc New Orleans, LA | $31,307,957 | $6,711,459 |
American Heritage Apartments Inc Texarkana, TX | $48,564,137 | $4,069,211 |
Hope Housing Foundation Mckinney, TX | $20,178,282 | $2,782,264 |
Texas Inter-Faith Housing Corporati On Houston, TX | $27,323,861 | $15,259,186 |