Housing Channel

Tax-deductible

Fort Worth, TX501(c)(3)Since 1991HousingEIN 75-2399903Revenue $5.2M in FY2024

On file with the IRShousingchannel.org851 Grainger St, 76104-4645 · Fort Worth, TXTax-exempt since Apr 1992Publicly supported charity — 170(b)(1)(A)(vi)

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Revitalize distressed neighborhoods in Tarrant County and throughout Texas communities in need and increase the amounts of decent, affordable housing available to lower income families and individuals with special needs.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 12 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $7.5M a year · 58% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$200K
to officers and key staff · 4% of spending
Top officer’s pay higher than 87% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $659K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$14.1M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
-0.8% vs prior year
Spent
$5.1M
To programs
85%
Net assets
$52.9M
By yearFY2020–FY2024
Revenue
$5.2M
FY2024▼ -0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.8M
FY2021$9.7M
FY2022$38.5M
FY2023$6.7M
FY2024$5.2M
FY2024$5.2M
Expenses
$5.1M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.5M
FY2021$6.2M
FY2022$6.7M
FY2023$5.2M
FY2024$4.7M
FY2024$5.1M
Net assets
$52.9M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.5M
FY2021$13.0M
FY2022$40.3M
FY2023$41.1M
FY2024$49.1M
FY2024$52.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1992.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $4.3M Management & general 14% · $723K Fundraising 1% · $30K

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

13 people listed on the 990; $200K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$199,785Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Donna Vanness’s $200K as President is at the 87th percentile of top reported officer pay among 2036 $1–10M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Donna Vanness$199,785$202,419$165,283$154,783$155,534$130,711

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.

See Housing Channel 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 15aYes

Programs and updates

Builds affordable housing and revitalizes neighborhoods for low-income families and individuals.

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Provided by the organization

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1 program · $4.3M · in their own filed words · FY2024
01

Acquisition/Rehabilitation/Resale (housing Rehab)

The purpose of Housing Channels Housing Rehab program is to renovate dilapidated housing stock, improve the overall viability of local neighborhoods, and create quality, affordable housing opportunities for low to moderate income families.

$4.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$659K
See all 3 funders →
Grants paid · 3 grants · $3.5M · 2020–2022
Unitemized GrantFY2022$33,457
Unitemized GrantFY2021$1,692,349
Unitemized GrantFY2020$1,773,134

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Fees for servicesLn 2g$3.1M
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$316K
Money outPt IX
$5.1M
Ln 25
Programscol B$4.3M
Managementcol C$723K
Fundraisingcol D$30K
Owns and owesPt X
$52.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$67.0M
LiabilitiesLn 26$14.1M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$983K
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$81K
Other incomeLn 4–11$316K
Gains on assetsLn 7$0
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$0
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$37.9M
Land, buildings, equipmentLn 10c$13.0M
Other assetsLn 15$4.9M
Total assetsLn 16$67.0M
LiabilitiesLn 26$14.1M
Net assetsLn 32$52.9M
OperationsPt I, VI
EmployeesI 511
VolunteersI 612
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 FY24End FY24
Cash and savingsLn 1–2$5.3M$2.9M
InvestmentsLn 11–13$35.3M$37.9M
Land, buildings, equipmentLn 10c$8.7M$13.0M
Total assetsLn 16$61.3M$67.0M
LiabilitiesLn 26$12.2M$14.1M
Net assetsLn 32$49.1M$52.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$218K$152K$62K$4K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.3M$907K$366K$23K
Pension plan contributionsLn 8$24K$17K$7K$438
Other employee benefitsLn 9$90K$63K$25K$2K
Payroll taxesLn 10$58K$41K$16K$1K
Management feesLn 11a$0
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$36K$36K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$40K$40K
Advertising and promotionLn 12$20K$18K$2K
Office expensesLn 13$46K$41K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$871K$866K$5K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$13K$11K$2K
InterestLn 20$140K$140K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$914K$859K$55K
InsuranceLn 23$488K$430K$59K
Other expenses (24a–d)Ln 24$820K$754K$66K
All other expensesLn 24e$0
Total functional expensesLn 25$5.1M$4.3M$723K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.2M$4.7M$522K$49.1M 990 PDF
FY2023 $6.7M$5.2M$1.5M$41.1M 990 PDF
FY2022 $38.5M$6.7M$31.8M$40.3M 990 PDF
FY2021 $9.7M$6.2M$3.5M$13.0M 990 PDF
FY2020 $4.8M$4.5M$310K$9.5M 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 $5,169,037 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $988,467$1,641,490
I-9 Program service revenuePrior year $2,918,484$3,131,313
I-10 Investment incomePrior year $1,337,461$80,584
I-11 Other revenuePrior year −$33,008$315,650
I-12 Total revenuePrior year $5,211,404$5,169,037
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,621,804$1,685,884
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,067,997$3,405,086
I-18 Total expensesPrior year $4,689,801$5,090,970
I-19 Revenue less expensesPrior year $521,603$78,067
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,169,037 across 12 lines filed
Lines not itemized here account for $181,699 of total revenue; see the IRS return.
VIII-1d Related organizations$609,116
VIII-1e Government grants$983,354
VIII-1f All other contributions, gifts and grants$49,020
VIII-1h Total contributions, gifts and grants$1,641,490
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,131,313$3,131,313
VIII-3 Investment incomeExcluded from tax $80,584$80,584
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $133,951$133,951
VIII-12 Total revenueRelated to mission $3,265,264 · Excluded from tax $262,283$5,169,037
Part IX · Statement of functional expenses $5,090,970 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $152,449 · Management $61,638 · Fundraising $3,698$217,785
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $907,240 · Management $365,620 · Fundraising $23,198$1,296,058
IX-8 Pension plan contributionsPrograms $16,943 · Management $6,824 · Fundraising $438$24,205
IX-9 Other employee benefitsPrograms $62,654 · Management $25,254 · Fundraising $1,597$89,505
IX-10 Payroll taxesPrograms $40,832 · Management $16,462 · Fundraising $1,037$58,331
IX-11a Management fees$0
IX-11b Legal feesManagement $18,481$18,481
IX-11c Accounting feesManagement $35,500$35,500
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $40,051$40,051
IX-12 Advertising and promotionPrograms $17,743 · Management $2,419$20,162
IX-13 Office expensesPrograms $41,080 · Management $4,788$45,868
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $866,270 · Management $4,843$871,113
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $11,076 · Management $1,511$12,587
IX-20 InterestPrograms $139,634$139,634
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $858,817 · Management $54,818$913,635
IX-23 InsurancePrograms $429,778 · Management $58,606$488,384
IX-24 Other expenses (24a–d)Programs $753,804 · Management $65,867$819,671
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $4,338,371 · Management $722,631 · Fundraising $29,968$5,090,970
Part X · Balance sheet $67,014,114 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $5,334,809$2,904,216
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $160,833$1,012,562
X-4 Accounts receivableStart of year $84,871$1,862,721
X-8 Inventories for sale or useStart of year $6,762,690$5,462,220
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $8,669,488$13,012,149
X-11 Publicly traded securitiesStart of year $35,255,222$37,889,361
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $15,162$11,371
X-15 Other assetsStart of year $4,978,800$4,859,514
X-16 Total assetsStart of year $61,261,875$67,014,114
X-17 Accounts payable and accrued expensesStart of year $626,353$702,479
X-19 Deferred revenueStart of year $104,119$76,354
X-25 Other liabilitiesStart of year $3,070,213$3,089,483
X-26 Total liabilitiesStart of year $12,199,060$14,104,918
X-27 Net assets without donor restrictionsStart of year $49,062,815$52,909,196
X-32 Total net assets or fund balancesStart of year $49,062,815$52,909,196
X-33 Total liabilities and net assetsStart of year $61,261,875$67,014,114
Part XI · Reconciliation of net assets $52,909,196 net assets at year end
XI-1 Total revenue$5,169,037
XI-2 Total expenses$5,090,970
XI-3 Revenue less expenses$78,067
XI-4 Net assets at start of year$49,062,815
XI-5 Net unrealized gains (losses) on investments$2,634,139
XI-9 Other changes in net assets$1,134,175
XI-10 Net assets at end of year$52,909,196

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

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