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Texas Community Capital INC

Tax-deductible

Austin, TX501(c)(3)Public & Societal BenefitEIN 68-0488549Revenue $185K in FY2024

On file with the IRStccapital.org3301 Northland Drive Ste 410, 78731-4939 · Austin, TXTax-exempt since Aug 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Community development loan fund

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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 $58K a year · 57% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 26.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $31K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$822K
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$185K
+101% vs prior year
Spent
$194K
To programs
69%
Net assets
$366K
By yearFY2020–FY2024
Revenue
$185K
FY2024▲ +101%
Tap a bar for its year
Revenue by fiscal year
FY2020$102K
FY2021$50K
FY2022$83K
FY2023$92K
FY2024$185K
Expenses
$194K
FY2024▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2020$154K
FY2021$203K
FY2022$108K
FY2023$143K
FY2024$194K
Net assets
$366K
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$550K
FY2021$446K
FY2022$421K
FY2023$375K
FY2024$366K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2004.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $135K Management & general 24% · $47K Fundraising 7% · $13K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Derric Hicks
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joann Depenning
Vice Chair
$0Pt VII · Sec A
David Diaz
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Turney
Board Member
$0Pt VII · Sec A
Beatriz Farias
Board Member
$0Pt VII · Sec A

Hala Farid’s $57K as Executive Di is at the 47th percentile of top reported officer pay among 1044 $100K–1M public & societal benefit 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.

See Texas Community Capital INC 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

Provides loans to support community development projects.

Questions for Texas Community Capital INC

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Provided by the organization

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1 program · $135K · in their own filed words · FY2024
01

Community development loan fund

$135Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Enterprise Community Partners INCFY2024$31K
Total grants receivedfrom 1 funder$31K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$185K
Ln 12
Gifts and grantsLn 1h$127K
Fees for servicesLn 2g$58K
Investment incomeLn 3$158
Money outPt IX
$194K
Ln 25
Programscol B$135K
Managementcol C$47K
Fundraisingcol D$13K
Owns and owesPt X
$366K
net assets · Ln 32
Cash and savingsLn 1–2$431K
Total assetsLn 16$1.2M
LiabilitiesLn 26$822K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$127K
Fees for servicesLn 2g$58K
Investment incomeLn 3$158
Total revenueLn 12$185K
Assets in detailPt X, end of year
SavingsLn 2$431K
Cash and savings togetherLn 1–2$431K
Total assetsLn 16$1.2M
LiabilitiesLn 26$822K
Net assetsLn 32$366K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$392K$431K
Total assetsLn 16$563K$1.2M
LiabilitiesLn 26$188K$822K
Net assetsLn 32$375K$366K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$154K$99K$42K$13K
Office expensesLn 13$240$118$122
OccupancyLn 16$9K$6K$3K
TravelLn 17$4K$4K$401
Conferences, conventions and meetingsLn 19$150$150
InterestLn 20$12K$12K
InsuranceLn 23$12K$10K$1K
Other expenses (24a–d)Ln 24$4K$3K$487
Total functional expensesLn 25$194K$135K$47K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $185K$194K−$9K$366K 990 PDF
FY2023 $92K$143K−$51K$375K 990 PDF
FY2022 $83K$108K−$25K$421K 990 PDF
FY2021 $50K$203K−$154K$446K 990 PDF
FY2020 $102K$154K−$53K$550K 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 FY2024 990 (6 parts)
Part I · Summary $185,197 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $60,000$127,313
I-9 Program service revenuePrior year $31,991$57,726
I-10 Investment incomePrior year $304$158
I-11 Other revenue$0
I-12 Total revenuePrior year $92,295$185,197
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $105,571$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $37,344$194,247
I-18 Total expensesPrior year $142,915$194,247
I-19 Revenue less expensesPrior year −$50,620−$9,050
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $185,197 across 6 lines filed
VIII-1f All other contributions, gifts and grants$127,313
VIII-1h Total contributions, gifts and grants$127,313
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,726$57,726
VIII-3 Investment incomeRelated to mission $158$158
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $57,884 · Unrelated business $0 · Excluded from tax $0$185,197
Part IX · Statement of functional expenses $194,247 across 8 lines filed
IX-11g Other fees for servicesPrograms $99,228 · Management $41,709 · Fundraising $12,970$153,907
IX-13 Office expensesPrograms $118 · Management $122$240
IX-16 OccupancyPrograms $6,300 · Management $2,700$9,000
IX-17 TravelPrograms $3,614 · Management $401$4,015
IX-19 Conferences, conventions and meetingsPrograms $150$150
IX-20 InterestPrograms $11,531$11,531
IX-23 InsurancePrograms $10,434 · Management $1,159$11,593
IX-24 Other expenses (24a–d)Programs $3,324 · Management $487$3,811
IX-25 Total functional expensesPrograms $134,699 · Management $46,578 · Fundraising $12,970$194,247
Part X · Balance sheet $1,188,402 assets, 10 lines filed
Asset lines not itemized here account for $744,971; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $392,230$430,931
X-4 Accounts receivableStart of year $12,500$12,500
X-16 Total assetsStart of year $563,494$1,188,402
X-17 Accounts payable and accrued expensesStart of year $38,015$71,973
X-24 Unsecured notes and loans payableStart of year $150,000$750,000
X-26 Total liabilitiesStart of year $188,015$821,973
X-27 Net assets without donor restrictionsStart of year $41,479$92,429
X-28 Net assets with donor restrictionsStart of year $334,000$274,000
X-32 Total net assets or fund balancesStart of year $375,479$366,429
X-33 Total liabilities and net assetsStart of year $563,494$1,188,402
Part XI · Reconciliation of net assets $366,429 net assets at year end
XI-1 Total revenue$185,197
XI-2 Total expenses$194,247
XI-3 Revenue less expenses−$9,050
XI-4 Net assets at start of year$375,479
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$366,429

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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