Teof: FY2021 Nonprofit Profile & Form 990 (EIN 74-2054309)

Revenue by fiscal year
FY2021	$0
FY2022	$0

Expenses by fiscal year
FY2021	$560K
FY2022	$9K

Net assets by fiscal year
FY2021	$1.8M
FY2022	$1.2M

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2021. IRS ruling in Aug 1980.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $560K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

John P Greenan

Executive Dir.

$0Pt VII · Sec A

Andrew Foster

Director

$0Pt VII · Sec A

Eliot D Chavin

Director

$0Pt VII · Sec A

Thomas Millner

CFO

$0Pt VII · Sec A

See Teof executive salaries →

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

Creates jobs and affordable housing for Dallas residents, including the formerly homeless.

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1 program · $560K · in their own filed words · FY2020

01

Impairment of investment

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-2054309) · Dispute this line

$560Kprogram 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

Donor Advised Charitable Giving INCFY2024$200K

Total grants receivedfrom 1 funder$200K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$0

Ln 12

Money outPt IX

$560K

Ln 25

Programscol B$560K

Owns and owesPt X

$1.8M

net assets · Ln 32

Cash and savingsLn 1–2$158K

Total assetsLn 16$1.8M

LiabilitiesLn 26$0

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Total revenueLn 12$0

Assets in detailPt X, end of year

CashLn 1$158K

Cash and savings togetherLn 1–2$158K

Accounts receivableLn 4$137K

Notes and loans receivableLn 7$1.0M

InvestmentsLn 11–13$500K

Total assetsLn 16$1.8M

LiabilitiesLn 26$0

Net assetsLn 32$1.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderMarch

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$158K	$158K
InvestmentsLn 11–13	$1.1M	$500K
Total assetsLn 16	$2.4M	$1.8M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$2.4M	$1.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other expenses (24a–d)Ln 24	$560K	$560K
Total functional expensesLn 25	$560K	$560K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 LatestFiled with the IRS Feb 15, 2023	$0	$9K	−$9K	$1.2M	990 PDF
FY2021 ViewingFiled with the IRS Feb 24, 2022	$0	$560K	−$560K	$1.8M	990 PDF

Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2021. The 990-N has no money details, and postcard years before 2024 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $0 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $4,392$0

I-12 Total revenuePrior year $4,392$0

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 $350$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$560,000

I-18 Total expensesPrior year $350$560,000

I-19 Revenue less expensesPrior year $4,042−$560,000

Part VI · Governance 2 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

VI-12a Written conflict of interest policyNo

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

Part VIII · Statement of revenue $0 across 1 lines filed

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

Part IX · Statement of functional expenses $560,000 across 1 line filed

IX-24 Other expenses (24a–d)Programs $560,000$560,000

IX-25 Total functional expensesPrograms $560,000 · Management $0 · Fundraising $0$560,000

Part X · Balance sheet $1,835,149 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $157,680$157,680

X-4 Accounts receivableStart of year $137,319$137,319

X-7 Notes and loans receivableStart of year $1,040,150$1,040,150

X-13 Program-related investmentsStart of year $1,060,000$500,000

X-16 Total assetsStart of year $2,395,149$1,835,149

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $2,395,149$1,835,149

X-32 Total net assets or fund balancesStart of year $2,395,149$1,835,149

X-33 Total liabilities and net assetsStart of year $2,395,149$1,835,149

Part XI · Reconciliation of net assets $1,835,149 net assets at year end

XI-1 Total revenue$0

XI-2 Total expenses$560,000

XI-3 Revenue less expenses−$560,000

XI-4 Net assets at start of year$2,395,149

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,835,149

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

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Teof FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Teof

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV