Equity Community Development
Nonprofit profile at a glance
- EIN
- 455091301
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-N 2014
- Location
- Austin, TX, USA
- Phone
- 5127310445
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Support
Reported finances
- Revenue
- $581,112
- Expenses
- $580,451
- Assets
- $4,705
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Robert Stevenson (Executive Director)
- Jerald Ferguson (Board President)
Highest reported compensation
- Robert Stevenson (Executive Director): $74,375 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Equity CDC works with units of government and low-income people to create, develop, and administer housing programs for the rehabilitation, reconstruction, or new construction of low-income housing in primarily rural and underserved areas of Texas.
What it reported doing in 2024
Equity CDC successfully completed 7 housing rehabilitations, 6 housing reconstructions and maintained a tool lending library and computer lab with access to the internet for low-income residents of Texas Colonias under the Colonia Self-Help Center (SHC) Program of the Texas Department of Housing and Community Affairs (TDHCA). TDHCA awarded the SHC Program funding, which is sourced from CDBG HUD funding, to Val Verde and Maverick Counties, the direct recipients of the grant funding. The Counties contracted with Equity CDC to provide the services in Val Verde and Maverick Counties. This program service is an activity that accomplishes our exempt purpose and fulfills our mission. The funding for the work is provided in the form of grants from a unit of government for the benefit of individual, low-income homeowners and their private residences, not for the direct benefit government itself; therefore, there is no generation of revenue to be reported here as it is considered to be a contribution (government grant) and not revenue derived from program services. Also, there are no grants to be reported here as a subcategory of Equity CDC's program services expenses as Equity CDC did not make any grants in FY 2024. Equity CDC only administered government contributions in FY 2024.
Operating model
- Revenue model
- Grant-funded. 98% of the money available for current operations came from government grants.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 81
- Accountability: 72
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.6%; rating input score 91
- Program expense ratio: 90.7%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 18th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0.1%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 12.8%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 5.3% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 18.7% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 90.6% of revenue deployed · 90.7% of spending went to programs
- Governance: 4 of 5 board members independent · 5 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $526K in reported program spending
- Leadership: top reported pay $74K · 5 people listed
- Consistency: 40 of 41 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 28/100.