Equity Community Development EIN 45-5091301 Form 990 (PDF) Claim this org

Equity Community Development FY2021 filing

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Develops and administers housing programs for low-income Texans in rural areas. For fiscal year 2021 it reported $596K in revenue, $602K in expenses, and $-23K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Austin, TX
Website
www.equitycdc.org
Filings
4 on file (2021–2021)
Revenue
$596KFY2021
Expenses
$602K
Net assets
$-23K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  45-5091301 Public charity (501(c)(3)) Austin, TX
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Develops and administers housing programs for low-income Texans in rural areas.
Leadership
Robert Stevenson · Executive Director · $85K
Money in and out
$596K revenue, $602K expenses
Bottom line
85% program efficiency
Where the money goes · FY2021
Total revenue
$596K
Pt VIII · Ln 12
Total expenses
$602K
Pt IX · Ln 25
Net assets
$-23K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$596K
FY2021
Expenses
$602K
FY2021
Total assets
$1K
FY2021
Total liabilities
$24K
FY2021
Total revenue
$596K
Pt VIII · Ln 12
Total expenses
$602K
Pt IX · Ln 25
Net assets
$-23K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$1K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $509K of program spending, described in the organization's own filed words · FY2021.
01

Equity CDC successfully completed the Emergency Services Help for Colonias Program in Val Verde and Maverick Counties. Funding was provided by the TxCDBG Program, administered by the Texas Department of Agriculture.

$216Kprogram expense
02

Equity CDC successfully completed accessibility modifications and rehabilitations of 8 low-income, single-family, owner-occupied homes as a direct recipient of Amy Young Barrier Removal (AYBR) Program funding from the Texas Department of Housing and Community Affairs (TDHCA).

$176Kprogram expense
03

Equity CDC successfully completed 8 housing rehabilitations, 1 housing reconstruction and maintained a tool lending library and computer lab with access to the internet for low-income residents of Texas Colonias under the Colonia Self-Help Center (SHC) Program of the Texas Department of Housing and Community Affairs (TDHCA).

$118Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquity Community Development
EINHdr · item D45-5091301
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.equitycdc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L80)
Ruling yearIRS BMFJan 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$85,000Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A

Robert Stevenson’s $74K as Executive Director is at the 65th percentile of top reported officer pay among 848 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Robert Stevenson$74,375$74,375$85,000$85,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$596K
— government grantsLn 1e$596K
Total revenueLn 12$596K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$509K
Management & general15%$93K
Total functional expensesLn 25$602K

Balance Sheet

Part X · end of year
CashLn 1$1K
Total assetsLn 16$1K
Total liabilitiesLn 26$24K
Total net assetsLn 32$-23K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1K · Operating expenses/yr $602K
0.0 months
Where the money goes
Program services
Program services $509K · Total expenses $602K
85%
Management & General
Management & general $93K · Total expenses $602K
15%
Fundraising
Fundraising $0 · Total expenses $602K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $596K · Total revenue $596K
100%
Government reliance
Government grants $596K · Total revenue $596K
100%
Earned-income share
Program service revenue $0 · Total revenue $596K
0%
Investment reliance
Investment income $0 · Total revenue $596K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $602K
0%
Growth & trend
Revenue growth (YoY)
This year $596K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-23K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $596K · Expenses $602K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $1K
Net-asset ratio
Net assets $-23K · Total assets $1K
-1608%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1K
0%
People & payroll
Highest Reported Total Compensation
Individual Robert Stevenson · Reported title Executive Director · Highest reported compensation $85K · Total expenses $602K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $176K · Total expenses $602K
29%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$581K revenue · ⤓ 990 PDF
FY2023$449K revenue · ⤓ 990 PDF
FY2022$497K revenue · ⤓ 990 PDF
FY2021$596K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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