Homebase Texas FY2021 filing

Tax-deductible

Austin, TX501(c)(3)EIN 20-4467651Revenue $97K in FY2021

On file with the IRShomebasetexas.org500 W Ben White Blvd 100, 78704-7030 · Austin, TXTax-exempt since Apr 2007Supporting organization — 509(a)(3)

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To create permanent affordable housing in austin.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $161K a year · 46% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 27.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$567K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$97K
-5% vs prior year
Spent
$193K
To programs
98%
Net assets
$990K
By yearFY2020–FY2024
Revenue
$97K
FY2021▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$102K
FY2021$97K
FY2022$86K
FY2023$797K
FY2024$665K
Expenses
$193K
FY2021▼ -30%
Tap a bar for its year
Expenses by fiscal year
FY2020$275K
FY2021$193K
FY2022$514K
FY2023$822K
FY2024$747K
Net assets
$990K
FY2021▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$990K
FY2022$562K
FY2023−$415K
FY2024−$498K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $189K Management & general 2% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair-Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
See Homebase Texas executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds permanent affordable housing for Austin residents.

Provided by the organization

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1 program · $189K · in their own filed words · FY2021
01

Homebase texas provides affordable housing consulting and program services to assist households at or below 80% median family income for new sales and up to 120% median family income for resales.

$189Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$97K
Ln 12
Fees for servicesLn 2g$97K
Money outPt IX
$193K
Ln 25
Programscol B$189K
Managementcol C$4K
Owns and owesPt X
$990K
net assets · Ln 32
Cash and savingsLn 1–2$435K
Total assetsLn 16$1.6M
LiabilitiesLn 26$567K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$97K
Total revenueLn 12$97K
Assets in detailPt X, end of year
SavingsLn 2$435K
Cash and savings togetherLn 1–2$435K
Total assetsLn 16$1.6M
LiabilitiesLn 26$567K
Net assetsLn 32$990K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$309K$435K
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$374K$567K
Net assetsLn 32$1.1M$990K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$189K$189K
Other fees for servicesLn 11g$4K$4K
Office expensesLn 13$180$180
Total functional expensesLn 25$193K$189K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $665K$747K−$82K−$498K 990 PDF
FY2023 $797K$822K−$25K−$415K 990 PDF
FY2022 $86K$514K−$428K$562K 990 PDF
FY2021 Viewing $97K$193K−$96K$990K 990 PDF
FY2020 $102K$275K−$173K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $97,258 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,000$0
I-9 Program service revenuePrior year $90,492$97,258
I-10 Investment incomePrior year $1,543$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $102,035$97,258
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $274,793$193,141
I-18 Total expensesPrior year $274,793$193,141
I-19 Revenue less expensesPrior year −$172,758−$95,883
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $97,258 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $97,258$97,258
VIII-12 Total revenueRelated to mission $97,258 · Unrelated business $0 · Excluded from tax $0$97,258
Part IX · Statement of functional expenses $193,141 across 3 lines filed
IX-11a Management feesPrograms $189,084$189,084
IX-11g Other fees for servicesManagement $3,877$3,877
IX-13 Office expensesManagement $180$180
IX-25 Total functional expensesPrograms $189,084 · Management $4,057 · Fundraising $0$193,141
Part X · Balance sheet $1,556,340 assets, 9 lines filed
Asset lines not itemized here account for $992,411; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $309,269$434,751
X-4 Accounts receivableStart of year $145,148$129,178
X-16 Total assetsStart of year $1,459,407$1,556,340
X-17 Accounts payable and accrued expensesStart of year $26,353$26,353
X-25 Other liabilitiesStart of year $347,440$540,256
X-26 Total liabilitiesStart of year $373,793$566,609
X-27 Net assets without donor restrictionsStart of year $1,085,614$989,731
X-32 Total net assets or fund balancesStart of year $1,085,614$989,731
X-33 Total liabilities and net assetsStart of year $1,459,407$1,556,340
Part XI · Reconciliation of net assets $989,731 net assets at year end
XI-1 Total revenue$97,258
XI-2 Total expenses$193,141
XI-3 Revenue less expenses−$95,883
XI-4 Net assets at start of year$1,085,614
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$989,731

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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