Fifth Ward Community Redevelopment
- Assets
- $13.9m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Houston, TX
- Founding
- 01/1990
- Data as of
- 12/2022
- EIN
- 76-0288037
Organization Overview
Fifth Ward Community Redevelopment is located in Houston, TX. The organization was established in 1990. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Fifth Ward Community Redevelopment employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fifth Ward Community Redevelopment 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, Fifth Ward Community Redevelopment generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $5.7m during the year ending 12/2022. While expenses have increased by 16.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FIFTH WARD CRC CATALYZES RESOURCES TO BUILD AND PRESERVE AN INCLUSIVE 5TH WARD COMMUNITY BY DEVELOPING PLACES AND OPPORTUNITIES FOR PEOPLE TO LIVE, WORK AND PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIFTH WARD CRC IS A COMPREHENSIVE REDEVELOPMENT CORPORATION THAT CONCENTRATES ITS WORK IN THE IMPOVERISHED 5TH WARD COMMUNITY AND SURROUNDING COMMUNITIES, MEETING THE NEEDS OF THE TRADITIONALLY UNDERSERVED RESIDENTS THROUGH ITS PRIMARY LINES OF BUSINESS AND PROGRAMS. THESE CORE LINES OF BUSINESS AND PROGRAMS ARE FOCUSED IN AFFORDABLE HOUSING, DISASTER RECOVERY, PUBLIC SAFETY AND JUVENILE JUSTICE, ART AND CULTURE, ECONOMIC REVITALIZATION, COMMERCIAL DEVELOPMENT, AND OTHER PROGRAMS DESIGNED TO IMPROVE THE QUALITY OF LIFE FOR LOW AND MODERATE INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Turner Chairman | Trustee | 2 | $0 |
Bridgette Steele Vice Chair | Trustee | 2 | $0 |
Robert Eury Ex Officio | Trustee | 2 | $0 |
Ted Hamilton Trustee | Trustee | 2 | $0 |
April Daniel Trustee | Trustee | 2 | $0 |
Tyrus Brailey Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All In One Building Maintenance And Cons Home Repair | 12/30/21 | $187,326 |
E A Maintenance Landscaping/maintenance | 12/30/21 | $148,020 |
Maintenance Man Home Improvement Disaster Recovery And Support Services | 12/30/21 | $137,443 |
Top Builders Services Disaster Recovery And Support Services | 12/30/21 | $127,414 |
Corinthian Builders Group Disaster Recovery And Support Services | 12/30/21 | $125,032 |
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 | $4,985,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,985,047 |
| Total Program Service Revenue | $2,012,203 |
| Investment income | $1,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $520,272 |
| 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 | $7,564,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $376,027 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $196,400 |
| Compensation of current officers, directors, key employees. | $49,100 |
| Compensation to disqualified persons | $1,860,858 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $17,937 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $74,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,763 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $96,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $129,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,350 |
| Insurance | $83,248 |
| All other expenses | $176,280 |
| Total functional expenses | $5,684,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $940,121 |
| Savings and temporary cash investments | $122,346 |
| Pledges and grants receivable | $2,570,924 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $584,505 |
| Inventories for sale or use | $3,522,274 |
| Prepaid expenses and deferred charges | $48,241 |
| Net Land, buildings, and equipment | $5,033,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,064,212 |
| Total assets | $13,886,057 |
| Accounts payable and accrued expenses | $26,424 |
| 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 | $4,392,397 |
| Unsecured mortgages and notes payable | $18,649 |
| Other liabilities | $771,789 |
| Total liabilities | $5,209,259 |
| Net assets without donor restrictions | $6,452,213 |
| Net assets with donor restrictions | $2,224,585 |
| 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 | $13,886,057 |