2024-11-15T17:32:16-06:00 2023-12-31 760488832 MCCONNELL & JONES LLP 4828 LOOP CENTRAL DRIVE SUITE 1000 HOUSTON TX 77081 990 2023-01-01 760288037 FIFTH WARD COMMUNITY REDEVELOPMENT CORPORATION FIFT 7136740175 4300 LYONS AVENUE SUITE 300 HOUSTON TX 77020 KATHY FLANAGAN PAYTON PRESIDENT/CEO 7136740175 2024-11-15 1 0 TENE THOMAS P00849229 7139681600 2024-11-15 2023 2024-10-15 13:58:12Z CHARLES TURNER 4300 LYONS AVENUE SUITE 300 HOUSTON TX 77020 4889462 0 X WWW.FIFTHWARDCRC.ORG X 1989 TX FIFTH WARD CRC CATALYZES RESOURCES TO BUILD AND PRESERVE AN INCLUSIVE 5TH WARD COMMUNITY BY DEVELOPING PLACES AND OPPORTUNITIES FOR PEOPLE TO LIVE, WORK AND PLAY. 11 11 43 625 0 0 4985047 2606692 2012203 779001 1781 7537 565720 991308 7564751 4384538 376027 0 0 0 2057258 2220053 0 0 75226 3251065 4221066 5684350 6441119 1880401 -2056581 13886057 20330460 5209259 14160917 8676798 6169543 FIFTH WARD CRC CATALYZES RESOURCES TO BUILD AND PRESERVE AN INCLUSIVE 5TH WARD COMMUNITY BY DEVELOPING PLACES AND OPPORTUNITIES FOR PEOPLE TO LIVE, WORK AND PLAY. 0 0 5425762 1290850 FIFTH WARD CRC IS A COMPREHENSIVE REDEVELOPMENT CORPORATION THAT CONCENTRATES ITS WORK IN THE IMPOVERISHED 5TH WARD COMMUNITY AND SURROUNDING COMMUNITIES, MEETING THE NEEDS OF THE TRADITIONALLY UNDERSERVED RESIDENTS THROUGH ITS PRIMARY LINES OF BUSINESS AND PROGRAMS. THESE CORE LINES OF BUSINESS AND PROGRAMS ARE FOCUSED IN AFFORDABLE HOUSING, DISASTER RECOVERY, PUBLIC SAFETY AND JUVENILE JUSTICE, ART AND CULTURE, ECONOMIC REVITALIZATION, COMMERCIAL DEVELOPMENT, AND OTHER PROGRAMS DESIGNED TO IMPROVE THE QUALITY OF LIFE FOR LOW AND MODERATE INCOME FAMILIES. 5425762 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 63 0 1 43 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JAMIEN ARVIE 8326873664 4300 LYONS AVENUE HOUSTON TX 77020 CHARLES E TURNER CHAIRMAN 2.00 X 0 0 0 BRIDGETTE STEELE VICE CHAIR 2.00 X 0 0 0 ROBERT EURY EX OFFICIO 2.00 X 0 0 0 TED HAMILTON TRUSTEE 2.00 X 0 0 0 APRIL DANIEL TRUSTEE 2.00 X 0 0 0 TYRUS BRAILEY TRUSTEE 2.00 X 0 0 0 MARCUS VASQUEZ TRUSTEE 2.00 X 0 0 0 BRIDGETTE DORIAN SECRETARY 2.00 X 0 0 0 HARVEY CLEMONS JR CHAIR EMERITUS 2.00 X 0 0 0 WILEY HENRY FOUNDER 2.00 X 0 0 0 GAYILA BOLDEN TRUSTEE 2.00 X 0 0 0 KATHY FLANAGAN-PAYTON PRESIDENT/CEO 40.00 X 141000 0 13000 MAYRA G BONTEMPS CHIEF OF REAL ESTATE DEVELOPMENT 40.00 X 127250 0 0 LASHAWN MCCOY CHIEF STRATEGIST PROGRAM OFFICER 40.00 X 127373 0 0 JOHN W PEAVY CONTROLLER 40.00 X 110711 0 0 506334 0 13000 4 0 1 0 RC ROOFING 9302 SANDRA ST HOUSTON TX 77016 CONSTRUCTION AND REPAIRS 211110 1 2606692 2606692 PROGRAM SERVICE FEES 900099 469653 469653 SERVICE DELIVERY CONTR 900099 309348 309348 779001 7537 7537 985487 504924 480563 480563 480563 OTHER INCOME 900099 510745 510745 510745 4384538 1289746 0 488100 X 519334 389500 129834 1700719 1496897 158596 45226 23756 23756 666523 514403 122120 30000 217634 193481 24153 54183 15690 38493 443832 401243 42589 526293 330636 195657 208606 174411 34195 PROGRAM COSTS 729013 702921 26092 COST OF GOOD SOLD 650613 650613 REPAIR AND MAINTENANCE 339166 299399 39767 OTHER EXPENSES 209630 148614 61016 151817 107954 43863 6441119 5425762 940131 75226 940121 1657377 122346 50433 2570924 740820 584505 1201529 3522274 3293678 48241 14744494 5300363 5033434 9444131 1064212 3942492 13886057 20330460 26424 4460049 4392397 8792961 18649 771789 907907 5209259 14160917 X 6452213 4728283 2224585 1441260 8676798 6169543 13886057 20330460 -2056581 -450674 0 X X 0 1 X 1 0 X 1813091 3400415 7368629 5605343 2606692 20794170 1048874 1807788 890367 2110425 1319559 7177013 2861965 5208203 8258996 7715768 3926251 27971183 0 466940 466940 466940 466940 27504243 452843 461297 533580 1145749 985487 3578956 452843 461297 533580 1145749 985487 3578956 3314808 5669500 8792576 8861517 4911738 31550139 0.87180 0.89500 0.11340 0.09080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1267744 1267744 10503500 2630054 7873446 139823 139823 0 2829427 2526486 302941 4000 4000 0 9444131 CIP 829629 DUE FROM RELATED PARTY 3112863 3942492 LINE OF CREDIT 432913 ACCRUED INTEREST 3168 PAYABLE FOR TECHNOLOGY CENTER 141171 ACCRUED SALARIES AND RELATED EXP 179521 OTHER LIABILITIES 151134 907907 X 4889462 504924 504924 4384538 0 4384538 6946043 504924 504924 6441119 0 6441119 PART X, LINE 2: THE CORPORATION APPLIES THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC TOPIC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 504,924. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 504,924. 0 DISASTER RECOVERY, COVID RELIEF ASSISTANCE 30 74801 0 0 0 0 0 0 0 0 0 KATHY FLANAGAN-PAYTON PRESIDENT/CEO 141000 0 0 0 0 0 0 0 13000 0 154000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ELECTRONIC COPIES PROVIDED FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A TRUSTEE HAVING A CONFLICT OF INTEREST OR A CONFLICT OF RESPONSIBILITY ON ANY MATTER INVOLVING THE CORPORATION AND ANY OTHER BUSINESS OR PERSON SHALL REFRAIN FROM VOTING ON SUCH MATTER. NO TRUSTEE, OFFICER OR EMPLOYEE SHALL USE HIS POSITION AS A TRUSTEE, OFFICER OR EMPLOYEE OF THE CORPORATION FOR HIS OWN DIRECT OR INDIRECT FINANCIAL GAIN. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED AND COMPARED TO INDUSTRY STANDRARDS AND BASED ON TENURE AND COMPETENCY. A BOARD SERVICE COMMITTEE REVIEWS THE COMPENSATION OF THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 216,116. MANAGEMENT AND GENERAL EXPENSES 106,407. FUNDRAISING EXPENSES 30,000. TOTAL EXPENSES 352,523. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 298,287. MANAGEMENT AND GENERAL EXPENSES 15,713. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 314,000. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. 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