Cross Timber Homes
- Assets
- $614.2k
- Revenue
- $692.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 07/2018
- Data as of
- 12/2023
- EIN
- 82-1120391
Organization Overview
Cross Timber Homes is located in San Antonio, TX. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cross Timber Homes is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Cross Timber Homes generated $692.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $704.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A NON-PROFIT ECUMENICAL CHRISTIAN ORGANIZATION DEDICATED TO PROVIDING HIGH QUALITY SINGLE-FAMILY HOMES THAT ARE AFFORDABLE FOR SAN ANTONIO'S HARD WORKING LOW AND MODERATE INCOME FAMILIES AND COMBATTING COMMUNITY DETERIORATION BY REINVESTING IN DISTRESSED NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SOCIAL WELFARE FOR A SPECIFIC PURPOSE UNDER SECTION 501(C)(4) BY PROVIDING 3 HIGH-QUALITY, AFFORDABLE SINGLE-FAMILY HOMES FOR LOW AND MODERATE INCOME FAMILIES IN DISTRESSED NEIGHBORHOODS THAT BENEFITED FROM THE INVESTMENT IN NEW HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine E David Chair | OfficerTrustee | 1 | $0 |
Neal Chase Vice Ch. & Sec. | OfficerTrustee | 1 | $0 |
Phil Sagebiel Treasurer | OfficerTrustee | 1 | $0 |
O Rene Diaz Vice Ch. & Sec. | OfficerTrustee | 1 | $0 |
Michael Taylor Executive Dir. | Officer | 10 | $0 |
Lori Ormond CFO | Officer | 10 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $692,000 |
| Investment income | $327 |
| 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 | $692,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $58,991 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $7,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,046 |
| Advertising and promotion | $351 |
| Office expenses | $1,604 |
| Information technology | $485 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $401 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,132 |
| All other expenses | $0 |
| Total functional expenses | $704,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,461 |
| Savings and temporary cash investments | $50,873 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $17,908 |
| 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 | $614,242 |
| Accounts payable and accrued expenses | $14,653 |
| 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 | $14,653 |
| Net assets without donor restrictions | $599,589 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $614,242 |