Center For Transforming Lives Real Estate
- Assets
- $39.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- Data as of
- 08/2023
- EIN
- 92-3147618
Organization Overview
Center For Transforming Lives Real Estate is located in Fort Worth, TX. According to its NTEE Classification (P40) the organization is classified as: Family Services, 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. Center For Transforming Lives Real Estate 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CTL REAL ESTATE WAS FORMED FOR THE EXCLUSIVE PURPOSES OF CARRYING OUT THE PURPOSES OF THE CENTER FOR TRANSFORMING LIVES AND TO HOLD THE NEW RIVERSIDE CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE CENTER FOR TRANSFORMING LIVES - IN ACCORDANCE WITH ITS MISSION TO HOLD, MANAGE AND INVEST ASSETS FOR THE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES, THE CENTER FOR TRANSFORMING LIVES REAL ESTATE PURPOSE IS TO HOLD THE RIVERSIDE CAMPUS FOR THE CENTER OF TRANSFORMING LIVES, WHICH USED THAT CAMPUS IN ITS MISSION TO TRANSFORM THE LIVES OF WOMEN AND CHILDREN IN POVERTY. PROGRAMS INCLUDE HOUSING SERVICES, EARLY CHILDHOOD EDUCATION, ECONOMIC MOBILITY SERVICES, AND CLINICAL COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Bickley Board President | OfficerTrustee | 1 | $0 |
Deanna Hamideh Board Secretary | OfficerTrustee | 1 | $0 |
Megan Terrell Board Treasurer | OfficerTrustee | 1 | $0 |
Jason Richardson CFO | Officer | 2 | $0 |
Carol Klocek CEO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,248,639 |
| 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 | $2,248,639 |
| 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 | $2,248,639 |
| 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 | $145,803 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,699 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $222,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,764,445 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,436,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,201,148 |
| Accounts payable and accrued expenses | $111,497 |
| 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 | $37,063,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,175,011 |
| Net assets without donor restrictions | $2,026,137 |
| 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 | $39,201,148 |