Empowers communities by funding businesses, providing job training, and offering services to alleviate poverty.
For fiscal year 2024 it reported $4.8M in revenue, $5.4M in expenses, and $1.6M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$4.8M
Pt VIII · Ln 12
Total expenses
$5.4M
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$634K
Where spending went · Part IX cols B–D
96%
Program services $0.96 Management & general $0.03 Fundraising $0.01
Program efficiency
96%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate▼ -76% vs prior filing year
Surplus margin
-13%
revenue over expenses, this year▼ -264% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$4.8M
FY2024▲ +46%
$4.8M$2.4M$0
FY2020FY2024
Expenses
$5.4M
FY2024▲ +59%
$5.4M$2.7M$0
FY2020FY2024
Total assets
$1.7M
FY2024▼ -62%
$4.6M$2.3M$0
FY2020FY2024
Total liabilities
$131K
FY2024▼ -94%
$2.4M$1.2M$0
FY2020FY2024
Total revenue
$4.8M
Pt VIII · Ln 12
Total expenses
$5.4M
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$634K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III
Where the work happens
3 program services account for $5.2M of program spending, described in the organization's own filed words · FY2024.
01
Good Soil
Project mission is to increase generational wealth and employment by supporting and nurturing under-resourced entrepreneurs.
$4.8Mprogram expense
02
Texas Offenders Re-Entry Initiative (tori)
To aide and assist ex-offenders in transitioning back into society by providing employment training, counseling and placement services as well as transitional housing.
$276Kprogram expense
03
Economic Development
Business network, conferences, and projects that facilitate business and economic growth, job training and education, and combat community deterioration.
Tina Naidoo’s $142K as Tori Executive Director
is at the 42nd percentile of top reported officer pay among 2835 $1–10M community development 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 · 2 named individuals · Part VII
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.
Individual Darwin Bruce · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $5.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $181K · Total expenses $5.4M
3%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
96%
—
—
Overhead ratio
3%
—
—
Fundraising cost ratio
1%
—
—
Revenue growth
46%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
3%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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