Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
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
8 people listed on the 990.
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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 15aYes
Programs and updates
Develops affordable housing and promotes economic growth in El Paso, Texas.
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Revolving loan programepc is a U.S. Treasury certified community lender. The organization administers loans to small businesses and potential homebuyers in underserved communities in the el paso, TX area to facilitate economic development.
Affordable rental program sixteen of the organization's rental homes transferred are part of the neighborhood stabilization PROGRAM-2 ("NSP-2"), which is a federal program administered by the U.S. Department of housing and urban development ("hud").
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $382K | $587K |
| Total assetsLn 16 | $1.0M | $1.2M |
| LiabilitiesLn 26 | $637K | $729K |
| Net assetsLn 32 | $407K | $444K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $88K | $53K | $35K | |
| Other employee benefitsLn 9 | $6K | $4K | $2K | |
| Payroll taxesLn 10 | $7K | $4K | $3K | |
| Management feesLn 11a | $10K | $10K | ||
| Legal feesLn 11b | $54K | $31K | $23K | |
| Other fees for servicesLn 11g | $826 | $826 | ||
| Office expensesLn 13 | $718 | $718 | ||
| TravelLn 17 | $2K | $2K | ||
| InterestLn 20 | $22K | $22K | ||
| Other expenses (24a–d)Ln 24 | $146K | $144K | $2K | |
| Total functional expensesLn 25 | $337K | $257K | $80K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $259K | $255K | $4K | $407K | 990 PDF |
| FY2023 | $401K | $669K | −$269K | $4.0M | 990 PDF |
| FY2022 | $310K | $384K | −$73K | $4.2M | 990 PDF |
| FY2021 | $192K | $319K | −$127K | $4.3M | 990 PDF |
| FY2020 | $203K | $312K | −$108K | $4.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $401,123 across 6 lines filed
Part IX · Statement of functional expenses $337,483 across 10 lines filed
Part X · Balance sheet $1,173,417 assets, 14 lines filed
Part XI · Reconciliation of net assets $444,301 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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