Cross Timber Homes EIN 82-1120391 Form 990 (PDF) Claim this org

Cross Timber Homes

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Builds affordable homes for low-income families and revitalizes distressed neighborhoods. For fiscal year 2024 it reported $1.5M in revenue, $1.4M in expenses, and $724K in net assets.Pt I

Type
Membership association · Human Services
Location
San Antonio, TX
Website
www.crosstimberhomes.com
Filings
5 on file (2020–2024)
Revenue
$1.5MFY2024
Expenses
$1.4M
Net assets
$724K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-1120391 Membership association San Antonio, TX
Form 990 (PDF)
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Size
$1–10M
What they do
Builds affordable homes for low-income families and revitalizes distressed neighborhoods.
Leadership
Money in and out
$1.5M revenue, $1.4M expenses
Bottom line
+8% operating surplus
Membership & operating revenue · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$724K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $125K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Operating surplus
+8%
revenue over expenses▲ +572% vs prior filing year
Earned revenue
78%
of revenue from program services & dues▼ -22% vs prior filing year
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +114%
Expenses
$1.4M
FY2024▲ +93%
Total assets
$728K
FY2024▲ +19%
Total liabilities
$4K
FY2024▼ -70%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$724K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$125K
Total assetsPt X · Ln 16$728K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCross Timber Homes
EINHdr · item D82-1120391
Principal addressHdr · item CSan Antonio, TX
WebsiteHdr · item Jwww.crosstimberhomes.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJul 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Ch. & Sec.
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2024.
01

To promote social welfare for a specific purpose under section 501(c)(4) by providing 6 high-quality, affordable single-family homes for low and moderate income families in distressed neighborhoods that benefited from the investment in new housing.

$1.3Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.2M · 78%
Contributions & grants$325K · 22%
Program service revenue78%$1.2M
Contributions & grants22%$325K
Investment income$383
— government grantsLn 1e$325K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$1.3M
Management & general2%$32K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$498K
Total assetsLn 16$728K
Total liabilitiesLn 26$4K
Total net assetsLn 32$724K
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $498K · Operating expenses/yr $1.4M
4.4 months
Where the money goes
Program services
Program services $1.3M · Total expenses $1.4M
98%
Management & General
Management & general $32K · Total expenses $1.4M
2%
Fundraising
Fundraising $0 · Total expenses $1.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $325K · Total revenue $1.5M
22%
Government reliance
Government grants $325K · Total revenue $1.5M
22%
Earned-income share
Program service revenue $1.2M · Total revenue $1.5M
78%
Investment reliance
Investment income $383 · Total revenue $1.5M
+0.03%
Program self-sufficiency
Program service revenue $1.2M · Total expenses $1.4M
85%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $692K
+114%
Revenue CAGR
FY2020 $2.4M · FY2024 $1.5M
-11%
Net-asset trend (YoY)
End of year $724K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.4M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $728K
Net-asset ratio
Net assets $724K · Total assets $728K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $728K
0%
People & payroll
Highest Reported Total Compensation
Individual Katherine E David · Reported title CHAIR · Highest reported compensation $0 · Total expenses $1.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $1.4M
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 114%
Investment management fee ratio 0%
Legal fee ratio 0.3%
Accounting fee ratio 0.7%
Fundraising fee ratio 0%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $400K · 2020–2024
Unitemized GrantFY2024$10,000
Unitemized GrantFY2022$12,317
Unitemized GrantFY2021$39,414
Unitemized GrantFY2020$37,912

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$692K revenue · ⤓ 990 PDF
FY2022$978K revenue · ⤓ 990 PDF
FY2021$2.1M revenue · ⤓ 990 PDF
FY2020$2.4M revenue · ⤓ 990 PDF

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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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