Civic Intelligence

Community Restoration Corporation

EIN 45-3774445 • 501(c)3 • Irving, TX

Profile

Working in strategic partnership with a team of local organizations, crc acquired distressed mortgages/notes and reo properties from lenders and creates community-focused disposition strategies for the assets. By taking a community-based approach to creating flexible options for families to preserve homeownership or pursuing expedited solutions for vacant properties causing neighborhood blight, crc is able to complement existing neighborhood stabilization efforts in communities that have been significantly impacted by foreclosures and disinvestment.

1200 W Walnut Hill Lane 1000Irving, TX 75308

www.crchomehelp.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.04x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

13th percentile

0.00x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

42nd percentile

2.2%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-20%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$711,603

Up $15,096 (+2.2%) from 2021

Liabilities

Down

$26,039

Down $7,061,755 (-100%) from 2021

Net Assets

Up

$685,564

Up $7,076,851 (+111%) from 2021

Revenue

Down

$7,360,627

Down $1,856,624 (-20%) from 2021

Expenses

Down

$283,776

Down $1,300,621 (-82%) from 2021

Net Income

Down

$7,076,851

Down $556,003 (-7.3%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$20M$0-$20MAssets 2011: $119,984Liabilities 2011: $113,6442011Assets 2012: $540,055Liabilities 2012: $214,353Net Assets 2012: $325,7022012Assets 2013: $520,092Liabilities 2013: $129,483Net Assets 2013: $390,6092013Assets 2014: $6,840,732Liabilities 2014: $2,913,328Net Assets 2014: $3,927,4042014Assets 2015: $29,285,463Liabilities 2015: $16,917,462Net Assets 2015: $12,368,0012015Assets 2016: $23,440,973Liabilities 2016: $27,041,949Net Assets 2016: -$3,600,9762016Assets 2017: $16,298,771Liabilities 2017: $25,710,987Net Assets 2017: -$9,412,2162017Assets 2018: $10,384,080Liabilities 2018: $23,564,008Net Assets 2018: -$13,179,9282018Assets 2019: $5,132,591Liabilities 2019: $18,237,969Net Assets 2019: -$13,105,3782019Assets 2020: $3,312,006Liabilities 2020: $17,336,147Net Assets 2020: -$14,024,1412020Assets 2021: $696,507Liabilities 2021: $7,087,794Net Assets 2021: -$6,391,2872021Assets 2022: $711,603Liabilities 2022: $26,039Net Assets 2022: $685,5642022

Highlighted filing

2022

Assets$711,603
Liabilities$26,039
Net Assets$685,564

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10M-$20MRevenue 2011: $120,000Expenses 2011: $113,660Net Income 2011: $6,3402011Expenses 2012: $806,4792012Revenue 2013: $182,892Expenses 2013: $117,985Net Income 2013: $64,9072013Revenue 2014: $5,485,171Expenses 2014: $1,948,376Net Income 2014: $3,536,7952014Revenue 2015: $14,445,561Expenses 2015: $6,004,964Net Income 2015: $8,440,5972015Revenue 2016: $3,104,157Expenses 2016: $19,073,134Net Income 2016: -$15,968,9772016Revenue 2017: $5,414,160Expenses 2017: $11,225,400Net Income 2017: -$5,811,2402017Revenue 2018: $6,230,871Expenses 2018: $9,998,583Net Income 2018: -$3,767,7122018Revenue 2019: $4,972,575Expenses 2019: $4,898,025Net Income 2019: $74,5502019Revenue 2020: $1,968,518Expenses 2020: $2,887,281Net Income 2020: -$918,7632020Revenue 2021: $9,217,251Expenses 2021: $1,584,397Net Income 2021: $7,632,8542021Revenue 2022: $7,360,627Expenses 2022: $283,776Net Income 2022: $7,076,8512022

Highlighted filing

2022

Revenue$7,360,627
Expenses$283,776
Net Income$7,076,851

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 10, 2023
Return Version
2022v5.0
Gross Receipts
$7,360,627
Mission and Program Overview

Mission

Working in strategic partnership with a team of local organizations, crc acquires distressed mortgages/notes and reo properties from lenders and creates community-focused disposition strategies for the assets. By taking a community-based approach to creating flexible options for families to preserve homeownership or pursuing expedited solutions for vacant properties causing neighborhood blight, crc is able to complement existing neighborhood stabilization efforts in communities that have been significantly impacted by foreclosures and disinvestment.

Working in strategic partnership with a team of local organizations, crc acquired distressed mortgages/notes and real estate owned (reo) properties from lenders and creates community-focused disposition strategies for the assets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$543,088$525,361▼ $17,727
Cash and Non-Interest-Bearing Accounts$80,916$140,896▲ $59,980
Accounts Receivable-$40,674-
Investments Program Related$67,929$3,222▼ $64,707
Prepaid Expenses and Deferred Charges$4,574$1,450▼ $3,124
Total Assets$696,507$711,603▲ $15,096
Liabilities
Unsecured Notes Loans Payable$7,072,083--
Accounts Payable and Accrued Expenses$15,711$26,039▲ $10,328
Total Liabilities$7,087,794$26,039▼ $7,061,755
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,391,287$685,564▲ $7,076,851
Total Net Assets Fund Balance$-6,391,287$685,564▲ $7,076,851
Total Liabilities and Net Assets / Fund Balance$696,507$711,603▲ $15,096
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carlos AlcazarPresident
Eric ChatmanDirector
Erin PersonsDirector (left in 2022)
Kate Monter DurbanDirector (left in 2022)
Jennifer HennemuthSecretary
Matt CameronTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$371,164
Investment Income
$4,277
Other Revenue
$6,985,186
Change in Net Assets
$7,076,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,776
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$138,056--$138,056
Fees for Services Accounting-$95,437-$95,437
Fees for Services Legal$25,282--$25,282
Fees for Services Management$3,125--$3,125
Other Expenses$7,902$2,979-$2,979
Insurance$2,472--$2,472
Total Functional Expenses$185,360$98,416$0$283,776
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Crc delegated administration, fiscal management, program development, vendor management, and portfolio management responsibilities to ncst mortgage resolutions, llc.

Form 990, Part VI, Section A, Line 6

Crc has three classes of membership - program members, foundation members, and director members.

Form 990, Part VI, Section A, Line 7A

Each program member may appoint up to two directors; each foundation member may appoint one director; director members may elect the remaining number of directors not appointed by the program and foundation members.

Form 990, Part VI, Section A, Line 7B

The following actions require the prior unanimous approval of the program members: amending or repealing any bylaws or adopting new bylaws that affect the rights of members; the creation of a subsidiary or an organization controlled by crc; adopting an agreement of merger or consolidation.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is provided to the board for review prior to submission to the irs.

Form 990, Part VI, Section B, Line 12C

Officers and board members are required to sign off annually on crc's conflict of interest policy.

Form 990, Part VI, Section C, Line 19

Crc makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Community Restoration Corporation
EIN
45-3774445
Phone
2147103332
Address
1200 W WALNUT HILL LANE 1000, IRVING, TX 75308

Signing Officer

Name
Carlos Alcazar
Title
President
Phone
6177201999
Signed
2023-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlos Alcazar
Formed
2011
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Andrew R Puricelli CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Loan servicing and resolution fees: program service expenses 138,056. Management and general expenses 0. Fundraising expenses 0. Total expenses 138,056.

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IRS990ScheduleA/PublicSupportCY509Pct00.39940
IRS990ScheduleA/PublicSupportPY509Pct00.56230
IRS990ScheduleA/PublicSupportTotal509Amt011881101
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0552775
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0596755
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01384763
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02534293
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0552775
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0596755
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt01384763
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt02534293
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0371164
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0984018
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01950600
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04939086
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06170526
IRS990ScheduleA/Total509Grp/TotalAmt014415394
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07360627
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt09217251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01968518
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04972575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt06230871
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt029749842
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CRC DELEGATED ADMINISTRATION, FISCAL MANAGEMENT, PROGRAM DEVELOPMENT, VENDOR MANAGEMENT, AND PORTFOLIO MANAGEMENT RESPONSIBILITIES TO NCST MORTGAGE RESOLUTIONS, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CRC HAS THREE CLASSES OF MEMBERSHIP - PROGRAM MEMBERS, FOUNDATION MEMBERS, AND DIRECTOR MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH PROGRAM MEMBER MAY APPOINT UP TO TWO DIRECTORS; EACH FOUNDATION MEMBER MAY APPOINT ONE DIRECTOR; DIRECTOR MEMBERS MAY ELECT THE REMAINING NUMBER OF DIRECTORS NOT APPOINTED BY THE PROGRAM AND FOUNDATION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOLLOWING ACTIONS REQUIRE THE PRIOR UNANIMOUS APPROVAL OF THE PROGRAM MEMBERS: AMENDING OR REPEALING ANY BYLAWS OR ADOPTING NEW BYLAWS THAT AFFECT THE RIGHTS OF MEMBERS; THE CREATION OF A SUBSIDIARY OR AN ORGANIZATION CONTROLLED BY CRC; ADOPTING AN AGREEMENT OF MERGER OR CONSOLIDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OFFICERS AND BOARD MEMBERS ARE REQUIRED TO SIGN OFF ANNUALLY ON CRC'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CRC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LOAN SERVICING AND RESOLUTION FEES: PROGRAM SERVICE EXPENSES 138,056. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138,056.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0696507
IRS990/TotalAssetsEOYAmt0711603
IRS990/TotalAssetsGrp/BOYAmt0696507
IRS990/TotalAssetsGrp/EOYAmt0711603
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098416
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0185360
IRS990/TotalFunctionalExpensesGrp/TotalAmt0283776
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07087794
IRS990/TotalLiabilitiesEOYAmt026039
IRS990/TotalLiabilitiesGrp/BOYAmt07087794
IRS990/TotalLiabilitiesGrp/EOYAmt026039
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-6391287
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0685564
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0185360
IRS990/TotalProgramServiceRevenueAmt0371164
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04277
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07356350
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07360627
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0696507
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0711603
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt07072083
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01200 W WALNUT HILL LANE SUITE 1000
IRS990/USAddress/CityNm0IRVING
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075308
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.CRCHOMEHELP.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLOS ALCAZAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06177201999
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMUNITY RESTORATION CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0453774445
ReturnHeader/Filer/PhoneNum02147103332
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 W WALNUT HILL LANE 1000
ReturnHeader/Filer/USAddress/CityNm0IRVING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075308
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042571780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AAFCPAS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 WASHINGTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBOROUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05083669100
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW R PURICELLI CPA
ReturnHeader/ReturnTs02023-07-10T15:59:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CARLOS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ALCAZAR
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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