To promote the construction and rehabilitation of affordable housing in the Bear Creek area of irving and grand prairie, texas.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$55K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
2 of 5
filings with a surplus
Average deficit $22K a year · 14% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$81K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
+113% vs prior year
Spent
$212K
To programs
73%
Net assets
$658K
By yearFY2020–FY2024
Revenue
$299K
FY2022▲ +113%
Tap a bar for its year
Revenue by fiscal year
FY2020$79K
FY2021$141K
FY2022$299K
FY2023$128K
FY2024$112K
Expenses
$212K
FY2022▲ +97%
Tap a bar for its year
Expenses by fiscal year
FY2020$102K
FY2021$108K
FY2022$212K
FY2023$173K
FY2024$273K
Net assets
$658K
FY2022▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$538K
FY2021$571K
FY2022$658K
FY2023$613K
FY2024$451K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Nov 2016.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $155K Management & general 27% · $57K

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

6 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$55,000Pt VII · Sec A
$0Pt VII · Sec A
Vice President/Acting Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Cynthia Jenkins’s $105K as Executive Director is at the 87th percentile of top reported officer pay among 852 $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

NameFY2024FY2023FY2022FY2021FY2020
Cynthia Jenkins$105,000$20,000$55,000$30,000$30,000

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.

See Bear Creek Development Corporation 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 and repairs affordable homes in Irving and Grand Prairie, Texas.

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Provided by the organization

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1 program · $155K · in their own filed words · FY2022
01

Bear creek development corporation (the organization) is a non-profit corporation formed to promote the construction and rehabilitation of housing in the bear creek area of irving and grand prairie, texas.

$155Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$213K
Fees for servicesLn 2g$86K
Money outPt IX
$212K
Ln 25
Programscol B$155K
Managementcol C$57K
Owns and owesPt X
$658K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$739K
LiabilitiesLn 26$81K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$213K
Fees for servicesLn 2g$86K
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Land, buildings, equipmentLn 10c$703K
Total assetsLn 16$739K
LiabilitiesLn 26$81K
Net assetsLn 32$658K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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
LineStart FY22End FY22
Cash and savingsLn 1–2$76K$35K
Land, buildings, equipmentLn 10c$468K$703K
Total assetsLn 16$605K$739K
LiabilitiesLn 26$34K$81K
Net assetsLn 32$571K$658K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$55K$50K$6K$0
Other salaries and wagesLn 7$8K$7K$824$0
Payroll taxesLn 10$5K$4K$484$0
Accounting feesLn 11c$23K$0$23K$0
Other fees for servicesLn 11g$3K$0$3K$0
OccupancyLn 16$33K$20K$12K$0
InterestLn 20$13K$12K$1K$0
Depreciation, depletion and amortizationLn 22$24K$24K$480$0
InsuranceLn 23$14K$6K$8K$0
All other expensesLn 24e$35K$32K$2K$0
Total functional expensesLn 25$212K$155K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $112K$273K−$162K$451K 990 PDF
FY2023 $128K$173K−$45K$613K 990 PDF
FY2022 Viewing $299K$212K$87K$658K 990 PDF
FY2021 $141K$108K$33K$571K 990 PDF
FY2020 $79K$102K−$23K$538K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $299,309 revenue, 12 lines filed
I-8 Contributions and grants$213,310
I-9 Program service revenuePrior year $140,516$85,999
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $140,516$299,309
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $30,000$68,073
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $77,638$144,299
I-18 Total expensesPrior year $107,638$212,372
I-19 Revenue less expensesPrior year $32,878$86,937
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $299,309 across 4 lines filed
VIII-1f All other contributions, gifts and grants$213,310
VIII-1h Total contributions, gifts and grants$213,310
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$85,999
VIII-12 Total revenueRelated to mission $85,999 · Unrelated business $0 · Excluded from tax $0$299,309
Part IX · Statement of functional expenses $212,372 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $49,500 · Management $5,500 · Fundraising $0$55,000
IX-7 Other salaries and wagesPrograms $7,411 · Management $824 · Fundraising $0$8,235
IX-10 Payroll taxesPrograms $4,354 · Management $484 · Fundraising $0$4,838
IX-11c Accounting feesPrograms $0 · Management $23,025 · Fundraising $0$23,025
IX-11g Other fees for servicesPrograms $0 · Management $2,843 · Fundraising $0$2,843
IX-16 OccupancyPrograms $20,192 · Management $12,464 · Fundraising $0$32,656
IX-20 InterestPrograms $11,898 · Management $1,322 · Fundraising $0$13,220
IX-22 Depreciation, depletion and amortizationPrograms $23,635 · Management $480 · Fundraising $0$24,115
IX-23 InsurancePrograms $5,775 · Management $8,099 · Fundraising $0$13,874
IX-24e All other expensesPrograms $32,495 · Management $2,071 · Fundraising $0$34,566
IX-25 Total functional expensesPrograms $155,260 · Management $57,112 · Fundraising $0$212,372
Part X · Balance sheet $738,549 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $75,874$35,394
X-10c Land, buildings and equipment, netStart of year $467,575$703,155
X-16 Total assetsStart of year $604,814$738,549
X-17 Accounts payable and accrued expensesStart of year $29,373$35,671
X-19 Deferred revenueStart of year $4,500$4,500
X-25 Other liabilities$40,500
X-26 Total liabilitiesStart of year $33,873$80,671
X-27 Net assets without donor restrictionsStart of year $570,941$657,878
X-32 Total net assets or fund balancesStart of year $570,941$657,878
X-33 Total liabilities and net assetsStart of year $604,814$738,549
Part XI · Reconciliation of net assets $657,878 net assets at year end
XI-1 Total revenue$299,309
XI-2 Total expenses$212,372
XI-3 Revenue less expenses$86,937
XI-4 Net assets at start of year$570,941
XI-10 Net assets at end of year$657,878

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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