Green Extreme Homes Community Development Corporation

Nonprofit profile at a glance

EIN
453642906
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-N 2011
Location
Mckinney, TX, USA
Phone
2149061085
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$41,883
Expenses
$46,638
Assets
$864,181
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JEAN BROWN (PRESIDENT)

People named in this filing

  • JEAN BROWN (PRESIDENT)
  • BONNIE SANCHEZ (TREASURER)
  • JESSICA STEEP (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a path to financial stability, job creation, healthy, safe, energy efficient, affordable housing options in Texas primarily for those disadvangated in any way with focus on new homes and rehabilitating older homes. In addition, another focus is on stabilizing communities by providing decent, affordable housing combined with social services centered around financial stability, job counseling, and nutritional services.

What it reported doing in 2024

During 2018 green extreme homes community development corporation rehabbed and sold fourteen (14) houses/lots. Green extreme started construction at the end of 2017 on a seven (7) bedroom four and half (4.5) bath transitional home for female veterans in a controlled envirornment agriculture building that was completed and opened in september 2019. In addition, the organization receives and uses contributed services in the make ready of many of the homes it rehabilitates. During 2019, over two hundred thirty (230) volunteers and over forty-seven hundred (4700) hours were received from local businesses (home dept, bank of american, citibank) and the douglas neighborhood associatoin in the contruction of the home for female veterans mentioned above. All total there were over twenty-seven (27) volunteer events during 2019. In 2019, with the exception of licensed trades, the home mentioned above for female veterans was built with volunteer labor. Female veterans are the fastest growing segment of the homeless population. With that in mind, citi bank teamed with green extreme homes to build the mullins street home to serve the homeless female veterans. The home creates a nurturing enviromnment for these ladies to get back on their feet and to move on to independent living. During 2020, the transition home for female veterans was fully occupied. Because of the impact of the pandemic, green extreme had approxiamltey 415 volunteer hours mostly through zoom and face-time offering services to their female vertans at the mullins house. In 2021, the mullin street home contined to flourish and provide for homeless female veterans. Green extreme homes was in a holding pattern for most of 2021 as the president of geh spent a great deal of time at a cancer facility to care for her husband (the chiarman of geh). 2022 was a year to reorganize and concentrate on the reed house located on mullin street for female vereans. In 2023 and 2024, green extreme homes' only venture since losing their chariman to cancer is owning and managing the reed house. Geh continues to house and support female veterans in need. Citibank volutnerers manage the hydroponics onsite and work with the women veterans to assist in job placement, retraining, and upward mobility. Citibank provided over five hundred (500) man hours of commuinty service at the reed house.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. A relatively small share of voting board members are independent and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 92
  • Accountability: 30
  • Sustainability: 59
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • 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: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -11.4%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 18.53; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -16.8% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: -14.9% per year; rating input score 0; 25th percentile among comparable filings
  • Asset growth: 8.5% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $47K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 10 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Operating margin scored 45/100.