2025-11-05T08:36:59-06:00 2024-12-31 760488832 MCCONNELL & JONES LLP 4828 LOOP CENTRAL DRIVE SUITE 1000 HOUSTON TX 77081 990 2024-01-01 760288037 FIFTH WARD COMMUNITY REDEVELOPMENT CORPORATION FIFT 7136740175 4300 LYONS AVENUE SUITE 300 HOUSTON TX 77020 KATHY FLANAGAN PAYTON PRESIDENT/CEO 7136740175 2025-11-05 1 0 TENE THOMAS P00849229 7139681600 2025-10-22 2024 2025-03-06 01:10:19Z KATHY FLANAGAN PAYTON 4300 LYONS AVENUE SUITE 300 HOUSTON TX 77020 7413149 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. 13 13 36 70 0 0 2606692 5689240 779001 338069 7537 49547 991308 442554 4384538 6519410 0 0 0 0 2220053 1632893 0 0 171855 4221066 3365296 6441119 4998189 -2056581 1521221 20330460 26570776 14160917 18880012 6169543 7690764 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 3909009 562413 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. 3909009 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 73 0 1 36 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEPHAN PETERS 3465190051 4300 LYONS AVENUE HOUSTON TX 77020 CHARLES TURNER CHAIR 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 TREASURER 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 TRUSTEE 2.00 X 0 0 0 GAYLA BOLDEN TRUSTEE 2.00 X 0 0 0 BRANDON COFIELD TRUSTEE 2.00 X 0 0 0 LAUREN WINFIELD TRUSTEE 2.00 X 0 0 0 KATHY FLANAGAN-PAYTON PRESIDENT/CEO 40.00 X 157481 0 16750 MAYRA G BONTEMPS CHIEF OF REAL ESTATE DEVEL 40.00 X 111645 0 0 LASHAWN MCCOY CHIEF STRATEGIST PROGRAM O 40.00 X 121775 0 0 390901 0 16750 3 0 1 0 0 5689240 5689240 SERVICE DELIVERY CONTRACTS 900099 285956 285956 BUSINESS RELATED INCOME 900099 52113 52113 338069 49547 49547 1111849 893739 218110 218110 218110 OTHER INCOME 900099 224444 224444 224444 6519410 562513 0 267657 X 511526 313891 93760 103875 1121367 947840 173527 38785 38785 630624 486148 76496 67980 250974 217763 33211 58732 9027 49705 635298 506904 128394 479124 339741 139383 279403 245092 34311 REPAIR AND MAINTENANCE 541449 507494 33955 PROPERTY TAXES 308109 270594 37515 OTHER EXPENSES 66859 66859 PROGRAM COSTS 55048 48916 6132 20891 15599 5292 4998189 3909009 917325 171855 1657377 1268096 50433 634 740820 787044 1201529 1095144 3293678 8149392 14723177 5758170 9444131 8965007 3942492 6305459 20330460 26570776 4460049 6892499 8792961 9369569 907907 2617944 14160917 18880012 X 4728283 6290088 1441260 1400676 6169543 7690764 20330460 26570776 1521221 0 X X 0 1 X 1 0 X 3400415 7368629 5605343 2606692 5689240 24670319 1807788 890367 2110425 1319559 562513 6690652 5208203 8258996 7715768 3926251 6251753 31360971 0 466940 466940 466940 466940 30894031 461297 533580 1145749 985487 1111849 4237962 461297 533580 1145749 985487 1111849 4237962 5669500 8792576 8861517 4911738 7363602 35598933 0.86780 0.87180 0.11900 0.11340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1267744 1267744 11358923 5062252 6296671 134749 134749 0 1957761 557169 1400592 4000 4000 0 8965007 CIP 843273 DUE FROM RELATED PARTY 5462186 6305459 LINE OF CREDIT 663694 ACCRUED INTEREST 188065 PAYABLE FOR TECHNOLOGY CENTER 141171 ACCRUED SALARIES AND RELATED EXP 201242 OTHER LIABILITIES 1423772 2617944 X 7413149 893739 893739 6519410 0 6519410 5891928 893739 893739 4998189 0 4998189 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 893,739. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 893,739. 0 DISASTER RECOVERY, COVID RELIEF ASSISTANCE 120 260363 0 0 0 0 0 0 0 0 0 KATHY FLANAGAN-PAYTON PRESIDENT/CEO 157481 0 0 0 0 0 0 0 16750 0 174231 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 76,588. MANAGEMENT AND GENERAL EXPENSES 31,272. FUNDRAISING EXPENSES 67,980. TOTAL EXPENSES 175,840. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 409,560. MANAGEMENT AND GENERAL EXPENSES 45,224. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 454,784. 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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