Civic Intelligence

Texas Homes Community Development

EIN 99-4258898 • 501(c)3 • Garland, TX

Profile

To operate as a community development financial institution ("cdfi") certified by the community development financial institutions fund (the "cdfi fund") in order to engage in mortgage loan origination, as a loan fund that provides financing to affordable housing providers, and/or community service and development organization, all for the purpose of providing services that expand homeownership opportunities to underserved individuals and families, consistent with the requirements and guidelines of the cdfi program.

2909 Broadway BlvdGarland, TX 75041

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$258,300

Up $193,092 (+296%) from 2024

Liabilities

$192,000

No earlier filing loaded for comparison.

Net Assets

Up

$66,300

Up $1,092 (+1.7%) from 2024

Operations
Liabilities / RevenueScore unavailableNet Margin97th percentile

Revenue

Down

$1,092

Down $74,116 (-99%) from 2024

Expenses

Down

$0

Down $10,000 (-100%) from 2024

Net Income

Down

$1,092

Down $64,116 (-98%) from 2024

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2024: $65,208Net Assets 2024: $65,2082024Assets 2025: $258,300Liabilities 2025: $192,000Net Assets 2025: $66,3002025

Highlighted filing

2025

Assets$258,300
Liabilities$192,000
Net Assets$66,300
Open 2025 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80K$60K$40K$20K$0Revenue 2024: $75,208Expenses 2024: $10,000Net Income 2024: $65,2082024Revenue 2025: $1,092Expenses 2025: $0Net Income 2025: $1,0922025

Highlighted filing

2025

Revenue$1,092
Expenses$0
Net Income$1,092
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$258,300
Liabilities
$192,000
Net assets
$66,300
Revenue
$1,092
Expenses
$0
Net income
$1,092
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.58$1.92$0.66$0.01$0.00$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.65$0.65$0.75$0.10$0.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Jul 31, 2025
Signed
Mar 12, 2026
Return Version
2025v4.0
Gross Receipts
$1,092
Mission and Program Overview

Mission

The corporation is organized and shall operate exclusively for charitable purposes and any other purpose described in Section 501c3 of the Internal Revenue Code the Code or any corresponding provisions of future United States Revenue Laws. Subject in any event to the foregoing the specific purposes of the corporation shall include without limitation: to operate as a Community Development Financial Institution CDFI certified by the Community Development Financial Institutions Fund the CDFI Fund in order to engage in mortgage loan origination as a loan fund that provides financing to affordable housing providers and financing and technical assistance to small businesses microenterprises affordable housing developers and or community service and development organization all for the purpose of providing services that expand homeownership opportunities to underserved individuals and families consistent with the requirements and guidelines of the CDFI Programs.

To operate as a community development financial institution ("cdfi") certified by the community development financial institutions fund (the "cdfi fund") in order to engage in mortgage loan origination, as a loan fund that provides financing to affordable housing providers, and/or community service and development organization, all for the purpose of providing services that expand homeownership opportunities to underserved individuals and families, consistent with the requirements and guidelines of the cdfi program.

Program Services

DescriptionGrantsExpenses
TO OPERATE AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION ("CDFI") CERTIFIED BY THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (THE "CDFI FUND") IN ORDER TO ENGAGE IN MORTGAGE LOAN ORIGINATION, AS A LOAN FUND THAT PROVIDES FINANCING TO AFFORDABLE HOUSING PROVIDERS, AND/OR COMMUNITY SERVICE AND DEVELOPMENT ORGANIZATION, ALL FOR THE PURPOSE OF PROVIDING SERVICES THAT EXPAND HOMEOWNERSHIP OPPORTUNITIES TO UNDERSERVED INDIVIDUALS AND FAMILIES, CONSISTENT WITH THE REQUIREMENTS AND GUIDELINES OF THE CDFI PROGRAM.$0$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD L BUQUET IIPresident / CEOPT$0--
CAMERON JOHNSONChairmanPT$0--
JOSH KESTERSONVice ChairmanPT$0--
KERRY FRANKLINTreasurerPT$0--
DAN PENCEDirectorPT$0--
RICH MASSADirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Texas Homes Community Development
EIN
99-4258898
Phone
9724146894
Address
2909 BROADWAY BLVD, GARLAND, TX 75041

Signing Officer

Name
Richard L Buquet Ii
Title
President / CEO
Phone
9724146894
Signed
2026-03-12
Discuss with paid preparer
Yes

Preparer

Firm
Pattillo Brown & Hill Llp
Address
P O BOX 20725, WACO, TX 76702-0725
Preparer
Sharon M Herwald CPA
Phone
2547724901
Supplemental Narrative

Additional Explanations

Form 990-ez, Part II, Line 24 - Other Assets

“Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 842. Description: notes receivable. Beg. Of year amount: 40,000. End of year amount: 232,000.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: notes payable. Beg. Of year amount: 0. End of year amount: 192,000.”

Raw XML Appendix144 raw XML fields

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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5RICH MASSA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT / CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt0232842
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO OPERATE AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION ("CDFI") CERTIFIED BY THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (THE "CDFI FUND") IN ORDER TO ENGAGE IN MORTGAGE LOAN ORIGINATION, AS A LOAN FUND THAT PROVIDES FINANCING TO AFFORDABLE HOUSING PROVIDERS, AND/OR COMMUNITY SERVICE AND DEVELOPMENT ORGANIZATION, ALL FOR THE PURPOSE OF PROVIDING SERVICES THAT EXPAND HOMEOWNERSHIP OPPORTUNITIES TO UNDERSERVED INDIVIDUALS AND FAMILIES, CONSISTENT WITH THE REQUIREMENTS AND GUIDELINES OF THE CDFI PROGRAM.
IRS990EZ/ProgramServiceRevenueAmt01092
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0IRS APPROVAL OF TAX-EXEMPT STATUS WAS DETERMINED JULY 24, 2025. THE ORGANIZATION FILED AN INITIAL SHORT YEAR RETURN FOR THE PERIOD AUGUST 1 THROUGH DECEMBER 31, 2024. THE ORGANIZATION CHANGED TO A FISCAL YEAR ENDING JULY 31, 2025, AND FILED A SECOND SHORT YEAR RETURN FOR THE PERIOD JANUARY 1 THROUGH JULY 31, 2025.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt075000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 842. DESCRIPTION: NOTES RECEIVABLE. BEG. OF YEAR AMOUNT: 40,000. END OF YEAR AMOUNT: 232,000.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD L BUQUET II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT / CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09724146894
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS HOMES COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FINANCIAL INSTITUTION (THCDFI)
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0994258898
ReturnHeader/Filer/PhoneNum09724146894
ReturnHeader/Filer/USAddress/AddressLine1Txt02909 BROADWAY BLVD
ReturnHeader/Filer/USAddress/CityNm0GARLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075041
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741130599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTILLO BROWN & HILL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 20725
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WACO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0767020725
ReturnHeader/PreparerPersonGrp/PhoneNum02547724901
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON M HERWALD CPA
ReturnHeader/ReturnTs02026-03-13T09:56:28-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-07-31
ReturnHeader/TaxYr02025

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