Fbwc Rio Bend

Organization Overview

Fbwc Rio Bend is located in Richmond, TX. The organization was established in 2019. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fbwc Rio Bend is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 12/2023, Fbwc Rio Bend generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 52.0% each year . All expenses for the organization totaled $659.3k during the year ending 12/2023. While expenses have increased by 46.9% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

FBWC RIO BEND IS FORMED WITH THE SPECIFIC PURPOSE OF HOLDING REAL PROPERTY ON BEHALF OF FORT BEND COUNTY WOMEN'S CENTER, A 501(C)(3) TAX EXEMPT ORGANIZATION WHOSE MISSION IS TO ASSIST SURVIVORS OF DOMESTIC VIOLENCE AND SEXUAL ASSAULT AND THEIR CHILDREN TO ACHIEVE SAFETY AND SELF-SUFFICIENCY, WHILE STRIVING TO PREVENT VIOLENCE AGAINST WOMEN.FBWC RIO BEND HOLDS REAL PROPERTY, "THE RIO BEND COMMUNITY," WHICH FURTHERS THE NON-PROFIT MISSION OF FORT BEND COUNTY WOMEN'S CENTER BY BEING THE SITE OF UP TO 38 HOUSING UNITS FOR SURVIVORS OF DOMESTIC VIOLENCE AND SEXUAL ASSAULT AND THEIR CHILDREN. THIS PROPERTY IS ALSO THE SITE OF FORT BEND COUNTY WOMEN'S CENTER'S SUPPORTIVE SERVICES OFFICES, FROM WHICH FORT BEND COUNTY WOMEN'S CENTER SERVES NOT ONLY THE RESIDENTS OF RIO BEND BUT ITS APPROXIMATELY 800 OTHER CLIENTS, INCLUDING CHILDREN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FBWC RIO BEND HOUSING


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Board, Officers & Key Employees

Name (title)Compensation
Bryan Sparks
President
$0
Philip Davis
Treasurer
$0
Stacey Kuithe
Secretary
$0
Vita Goodell
Chief Executive Officer
$0
Yasir Ashraf
Chief Financial Officer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $250,000
All other contributions, gifts, grants, and similar amounts not included above$2,175,448
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,425,448
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $469,262
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 $2,899,388

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