Liabilities / Assets
55th percentile
Higher debt load relative to assets than 55% of similar nonprofits.
EIN 75-2719484 • 501(c)3 • Grand Prairie, TX
Profile
Grand prairie community housing development organization, inc. Serves as a catalyst to provide grand prairie residents with affordable housing and supportive services by providing financing alternatives, down payment assistance and housing construction to facilitate the development of quality, safe and affordable single family and multifamily housing and through affordable and assisted rental housing for the community and programs necessary to support the residents of grand prairie housing finance corporation rental housing communities and the citizens of grand prairie, texas.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
55th percentile
Higher debt load relative to assets than 55% of similar nonprofits.
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
55th percentile
Higher top officer pay than 55% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
25th percentile
Faster asset growth than 25% of similar nonprofits.
Revenue Growth
17th percentile
Faster revenue growth than 17% of similar nonprofits.
Assets
Down$999,479
Down $76,613 (-7.1%) from 2023
Liabilities
Down$28,235
Down $23,868 (-46%) from 2023
Net Assets
Down$971,244
Down $52,745 (-5.2%) from 2023
Revenue
Down$115
Down $30 (-21%) from 2023
Expenses
Down$52,860
Down $54,484 (-51%) from 2023
Net Income
Up-$52,745
Up $54,454 (+51%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Grand prairie community housing development organization, inc. Serves as a catalyst to provide grand prairie residents with affordable housing and supportive services by providing financing alternatives, down payment assistance and housing construction to facilitate the development of quality, safe and affordable single family and multifamily housing and through affordable and assisted rental housing for the community and programs necessary to support the residents of grand prairie housing finance corporation rental housing communities and the citizens of grand prairie, texas.
Providing housing assistance to qualifying residents of grand prairie, texas.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Program Related | $615,533 | $539,649 | ▼ $75,884 |
| Cash and Non-Interest-Bearing Accounts | $414,355 | $435,768 | ▲ $21,413 |
| Savings and Temporary Cash Investments | $44,493 | $22,257 | ▼ $22,236 |
| Prepaid Expenses and Deferred Charges | $1,711 | $1,805 | ▲ $94 |
| Total Assets | $1,076,092 | $999,479 | ▼ $76,613 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $4,065 | $15,794 | ▲ $11,729 |
| Escrow Account Liability | $30,336 | $9,939 | ▼ $20,397 |
| Accounts Payable and Accrued Expenses | $17,702 | $2,502 | ▼ $15,200 |
| Total Liabilities | $52,103 | $28,235 | ▼ $23,868 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,023,989 | $971,244 | ▼ $52,745 |
| Total Net Assets Fund Balance | $1,023,989 | $971,244 | ▼ $52,745 |
| Total Liabilities and Net Assets / Fund Balance | $1,076,092 | $999,479 | ▼ $76,613 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $539,649 | - | - |
| Name | Title |
|---|---|
| Zelda Freeman | President/di |
| Melinda Rogers | Asst Sec/Director |
| Julie Mitchell | Director |
| Toni Anderson | Director |
| Marshall Sutton | Sec/treas/di |
| Line Item | Amount |
|---|---|
| Other Expenses | $52,860 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | - | $30,000 | - | $30,000 |
| Fees for Services Accounting | - | $18,045 | - | $18,045 |
| Office Expenses | - | $2,428 | - | $2,428 |
| Insurance | - | $2,387 | - | $2,387 |
| Total Functional Expenses | $0 | $52,860 | $0 | $52,860 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $52,860 |
| Total Expenses per Audited Statements | $52,860 |
| Total Expenses per Form 990 | $52,860 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Jackson Consulting Company Inc | See Part V | Management Fees | No | $30,000 |
“During the year, the organization delegated day to day management of the activities to jackson consulting company, inc.”
“The form 990 is prepared by an outside accounting firm. It is provided to the president and the secretary/treasurer for their review. An electronic copy is provided to the board prior to filing with the irs. The return is also reviewed by the entire board at the next meeting.”
“The conflict of interest policy covers directors, officers and employees of the organization. The responsible person is to disclose the circumstances of a conflict of interest or potentional conflict of interest to the chair. The chair will determine whether there exists a conflict of interest as defined by the organization's policy. Any conflicts are to be disclosed at a meeting and documented in the minutes of the meeting. The responsible person shall not participate in the discussion of the matter, except to provide material facts and respond to questions. The responsible person must abstain from voting and not be counted for quorum. The policy is reviewed annually by each member of the board of directors. Additionally, the organization has each person complete an annual questionnaire to review for any potential or known conflicts.”
“The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon written request to the organization.”
“Grand prairie community housing development organization, inc. Serves as a catalyst to provide grand prairie residents with affordable housing and supportive services by providing financing alternatives, down payment assistance and housing construction to facilitate the development of quality, safe and affordable single family and multifamily housing and through affordable and assisted rental housing for the community and programs necessary to support the residents of grand prairie housing finance corporation rental housing communities and the citizens of grand prairie, texas.”
“The programs include providing low income housing through sales of houses on seller-financed notes. Each participant's loan arrangement includes an escrow arrangement for insurance, taxes and home warranties related to the property. Any excess escrow funds would be due back to the participant in the event the related note obligation is paid off.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/FormationYr | 0 | 1997 |
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| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 115 |
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| IRS990/MissionDesc | 0 | GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION, INC. SERVES AS A CATALYST TO PROVIDE GRAND PRAIRIE RESIDENTS WITH AFFORDABLE HOUSING AND SUPPORTIVE SERVICES BY PROVIDING FINANCING ALTERNATIVES, DOWN PAYMENT ASSISTANCE AND HOUSING CONSTRUCTION TO FACILITATE THE DEVELOPMENT OF QUALITY, SAFE AND AFFORDABLE SINGLE FAMILY AND MULTIFAMILY HOUSING AND THROUGH AFFORDABLE AND ASSISTED RENTAL HOUSING FOR THE COMMUNITY AND PROGRAMS NECESSARY TO SUPPORT THE RESIDENTS OF GRAND PRAIRIE HOUSING FINANCE CORPORATION RENTAL HOUSING COMMUNITIES AND THE CITIZENS OF GRAND PRAIRIE, TEXAS. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE PROGRAMS INCLUDE PROVIDING LOW INCOME HOUSING THROUGH SALES OF HOUSES ON SELLER-FINANCED NOTES. EACH PARTICIPANT'S LOAN ARRANGEMENT INCLUDES AN ESCROW ARRANGEMENT FOR INSURANCE, TAXES AND HOME WARRANTIES RELATED TO THE PROPERTY. ANY EXCESS ESCROW FUNDS WOULD BE DUE BACK TO THE PARTICIPANT IN THE EVENT THE RELATED NOTE OBLIGATION IS PAID OFF. |
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| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | SEE PART V |
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| IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt | 0 | SCHEDULE L PART IV LINE (1) - THE ENTITY IS MORE THAN 35% OWNED, DIRECTLY OR INDIRECTLY BY DOUG JACKSON, A FORMER OFFICER AND FOUNDER OF THE ORGANIZATION. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | GRAND PRAIRIE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION, INC. SERVES AS A CATALYST TO PROVIDE GRAND PRAIRIE RESIDENTS WITH AFFORDABLE HOUSING AND SUPPORTIVE SERVICES BY PROVIDING FINANCING ALTERNATIVES, DOWN PAYMENT ASSISTANCE AND HOUSING CONSTRUCTION TO FACILITATE THE DEVELOPMENT OF QUALITY, SAFE AND AFFORDABLE SINGLE FAMILY AND MULTIFAMILY HOUSING AND THROUGH AFFORDABLE AND ASSISTED RENTAL HOUSING FOR THE COMMUNITY AND PROGRAMS NECESSARY TO SUPPORT THE RESIDENTS OF GRAND PRAIRIE HOUSING FINANCE CORPORATION RENTAL HOUSING COMMUNITIES AND THE CITIZENS OF GRAND PRAIRIE, TEXAS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DURING THE YEAR, THE ORGANIZATION DELEGATED DAY TO DAY MANAGEMENT OF THE ACTIVITIES TO JACKSON CONSULTING COMPANY, INC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS PROVIDED TO THE PRESIDENT AND THE SECRETARY/TREASURER FOR THEIR REVIEW. AN ELECTRONIC COPY IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. THE RETURN IS ALSO REVIEWED BY THE ENTIRE BOARD AT THE NEXT MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS AND EMPLOYEES OF THE ORGANIZATION. THE RESPONSIBLE PERSON IS TO DISCLOSE THE CIRCUMSTANCES OF A CONFLICT OF INTEREST OR POTENTIONAL CONFLICT OF INTEREST TO THE CHAIR. THE CHAIR WILL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST AS DEFINED BY THE ORGANIZATION'S POLICY. ANY CONFLICTS ARE TO BE DISCLOSED AT A MEETING AND DOCUMENTED IN THE MINUTES OF THE MEETING. THE RESPONSIBLE PERSON SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER, EXCEPT TO PROVIDE MATERIAL FACTS AND RESPOND TO QUESTIONS. THE RESPONSIBLE PERSON MUST ABSTAIN FROM VOTING AND NOT BE COUNTED FOR QUORUM. THE POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ADDITIONALLY, THE ORGANIZATION HAS EACH PERSON COMPLETE AN ANNUAL QUESTIONNAIRE TO REVIEW FOR ANY POTENTIAL OR KNOWN CONFLICTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 15794 |
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| IRS990/USAddress/AddressLine1Txt | 0 | PO BOX 532758 |
| IRS990/USAddress/CityNm | 0 | GRAND PRAIRIE |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ZELDA FREEMAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT/DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9722633858 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GRAND PRAIRIE COMMUNITY HOUSING |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | DEVELOPMENT ORGANIZATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GRAN |
| ReturnHeader/Filer/EIN | 0 | 752719484 |
| ReturnHeader/Filer/PhoneNum | 0 | 8175720949 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 532758 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GRAND PRAIRIE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75053 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 412024514 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SOMMERVILLE & ASSOCIATES PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2726 MATLOCK RD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ARLINGTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 76015 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8177955046 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SANDRA K FOWLER CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-14T13:03:39-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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