Texas Homes Community Development Financial Institution (Thcdfi)
Nonprofit profile at a glance
- EIN
- 994258898
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025
- Location
- Garland, TX, USA
- Phone
- 9724146894
- Rating
- 34
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $1,092
- Expenses
- $0
- Assets
- $258,300
- Liabilities
- $192,000
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- RICHARD L BUQUET II (PRESIDENT / CEO)
People named in this filing
- RICHARD L BUQUET II (PRESIDENT / CEO)
- CAMERON JOHNSON (CHAIRMAN)
- JOSH KESTERSON (VICE CHAIRMAN)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To operate as a community development financial institution ("cdfi") certified by the community development financial institutions fund (the "cdfi fund") in order to engage in mortgage loan origination, as a loan fund that provides financing to affordable housing providers, and/or community service and development organization, all for the purpose of providing services that expand homeownership opportunities to underserved individuals and families, consistent with the requirements and guidelines of the cdfi program.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 1
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0.74; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -200% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: -194.3% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 119.4% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.