Brazos Valley CDC Inc
Nonprofit profile at a glance
- EIN
- 742981319
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2009
- Location
- Bryan, TX, USA
- Phone
- 9795952800
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Housing Expense Reduction Support
Reported finances
- Revenue
- $65,535
- Expenses
- $1,331,069
- Assets
- $1,242,413
- Liabilities
- $74,684
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Paul Turney (President & CEO)
Highest reported compensation
- Paul Turney (President & CEO): $124,357 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide quality services and products to the residents and businesses of our communities in such a way as to maximize the affordability of safe and decent housing, especially for the low income; and to serve as a vehicle and assist in any way possible, through networking and/or forming of partnerships with other non-profits, for-profits, and governmental entities, for the purpose of encouraging community development, economic growth, and general improvement to the standard of living for all the residents of the areas we serve.
What it reported doing in 2024
To improve the economic conditions of people in the Brazos Valley region by initiating loans, investments, and other business transactions with individuals and small businesses that increase the supply of affordable housing and jobs for low and moderate income persons.
Operating model
- Revenue model
- Earned-program. 65% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 15
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 11
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.8%; rating input score 26
- Program expense ratio: 1.5%; rating input score 1
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1,931.1%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -7% per year; rating input score 0; 34th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 25.8% of revenue deployed · 1.5% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $20K in reported program spending
- Leadership: top reported pay $124K · 10 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 26/100.
- High — Financial Efficiency: Program expense ratio scored 1/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.