Trec Community Investors
- Assets
- $10.4m
- Revenue
- $2.2m
- Investments
- $3.5m
- Employees
- 6
- Location
- Dallas, TX
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 80-0718545
Organization Overview
Trec Community Investors is located in Dallas, TX. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Trec Community Investors employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trec Community Investors 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, Trec Community Investors generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Trec Community Investors has awarded 11 individual grants totaling $2,171,635. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TREC COMMUNITY INVESTORS JOINS FORCES WITH UNDERSERVED COMMUNITIES TO INVEST IN THE DISINVESTED, ENERGIZE NEIGHBORHOODS, AND CHANGE LIVES. THROUGH ACCESS TO FLEXIBLE CAPITAL AND REAL ESTATE EXPERTISE, WE MAKE AN UNWAVERING COMMITMENT TO BUILD A LASTING IMPACT IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD REVITALIZATION: TREC CI PARTNERS WITH OTHER COMMUNITY ORGANIZATIONS TO FOCUS ON JOB AND WEALTH CREATION AND COMMUNITY OWNERSHIP AND LEADERSHIP OPPORTUNITIES IN LOW TO MODERATE INCOME COMMUNITIES.
HOUSING: TREC CI HAS A SIGNIFICANT ROLE IN THE CREATION OF AN AFFORDABLE HOUSING FUND TO PROVIDE FOR LAND ACQUISITION AND HOUSING CONSTRUCTION/REHABILITATION FOR VULNERABLE NEIGHBORHOODS; PROVIDES FUNDING FOR HOME IMPROVEMENT PROJECTS; PROVIDES PROFESSIONAL SERVICES AND VOLUNTEER SUPPORT AS WELL AS GRANTS FOR REHABILITATION PROJECTS, AND PLAYS A ROLE IN THE ESTABLISHMENT OF A COMMUNITY LAND TRUST.
EDUCATION: TREC CI OFFERS TARGETED LEARNING OPPORTUNITIES FOR THOSE IN THE COMMUNITY WHO WANT TO EXPAND THEIR KNOWLEDGE OF REAL ESTATE. PARTICIPANTS ARE SELECTED THROUGH AN APPLICATION PROCESS. IN ADDITION, TREC CI INVESTS IN AND MAKES GRANTS TO ORGANIZATIONS WHO ARE IN EDUCATION, SUCH AS SCHOOLS, AS WELL AS INVESTS IN EDUCATIONAL PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trey Morsbach Chairman | OfficerTrustee | 1 | $0 |
Chase Stone Board Member | Trustee | 0.5 | $0 |
John Adolph Secretary | OfficerTrustee | 0.5 | $0 |
Matt Bryarly Treasurer | OfficerTrustee | 0.5 | $0 |
Aaron Echols Board Member | Trustee | 0.5 | $0 |
Ace Roman Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $571,958 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,066,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,638,709 |
| Total Program Service Revenue | $235,234 |
| Investment income | $109,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $163,674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,244,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $550,175 |
| 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. | $370,646 |
| Compensation of current officers, directors, key employees. | $29,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,639 |
| Pension plan accruals and contributions | $12,793 |
| Other employee benefits | $42,226 |
| Payroll taxes | $64,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,916 |
| Advertising and promotion | $48,396 |
| Office expenses | $37,019 |
| Information technology | $125,163 |
| Royalties | $0 |
| Occupancy | $124,920 |
| Travel | $6,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,258 |
| Interest | $14,574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,228 |
| Insurance | $10,740 |
| All other expenses | $0 |
| Total functional expenses | $2,651,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,148 |
| Savings and temporary cash investments | $1,972,445 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,810 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,270,183 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,130 |
| Net Land, buildings, and equipment | $184,677 |
| Investments—publicly traded securities | $1,476,862 |
| Investments—other securities | $3,462,308 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,637,041 |
| Total assets | $10,382,604 |
| Accounts payable and accrued expenses | $36,582 |
| Grants payable | $1,316,783 |
| Deferred revenue | $608,067 |
| 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 | $250,833 |
| Other liabilities | $924,428 |
| Total liabilities | $3,136,693 |
| Net assets without donor restrictions | $2,910,699 |
| Net assets with donor restrictions | $4,335,212 |
| 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 | $10,382,604 |
Grants Awarded
Over the last fiscal year, Trec Community Investors has awarded $420,179 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHOT PURPOSE: SUPPORT OF HIGHER EDUCATION PROGRAMS | $25,000 |
ST PHILIPS SCHOOL AND COMMUNITY CENTER PURPOSE: RENOVATION OF RETAIL#1 AT MLK BLVD | $96,350 |
THE WINNERS ASSEMBLY CHRISTIAN CHURCH OF GOD PURPOSE: GENERAL SUPPORT | $114,000 |
ST PHILIPS SCHOOL AND COMMUNITY CENTER PURPOSE: RENOVATION OF RETAIL#2 AT MLK BLVD | $39,650 |
WFMF LLC PURPOSE: RENOVATION OF MULTIFAMILY HOUSING | $75,179 |
KATHLYN JOY GILLIAM MUSEUM PURPOSE: RENOVATION OF A MUSEUM FACILITY | $70,000 |