CHESTNUT NEIGHBORHOOD REVITALIZATIO CORPORATION

EIN: 742899050 501(c)(3) Housing & Shelter

AUSTIN, TX

Total Revenue
$51,032
Total Expenses
$101,005
Total Assets
$1,992,019
Net Assets
$-1,350,907
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TX
Principal Officer
SEAN GARRETSON
Phone
5126983369
Tax Period
2023-01-01 to 2023-12-31

CHESTNUT NEIGHBORHOOD REVITALIZATIO CORPORATION, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $51K in total revenue in fiscal year 2023. Revenue surged 1579% from the prior year, signaling strong growth momentum. Expenses of $101K exceeded revenue, resulting in a 98% operating deficit.

Mission

TO PRESERVE THE RICH, HISTORIC CULTURE OF CHESTNUT NEIGHBORHOOD BY PROVIDING HOUSING DEVELOPMENT PROJECTS THAT ARE AFFORDABLE FOR LOW TO MODERATE INCOME RESIDENTS, PROVIDING BUSINESS OPPORTUNITIES, FACILITATING THE REDUCTION OF CRIME, CREATING PEDESTRIAN FRIENDLY STREETS AND OTHER REVITALIZATION EFFORTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $51,032
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $51,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,005
Other Expenses $101,005
TOTAL EXPENSES $101,005

Year-over-Year Comparison

2023 2022 Change
Revenue $51,032 $3,039 +15.8%
Expenses $101,005 $98,183 +0.0%
Net Income $-49,973 $-95,144 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
15

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TANYA BIRKS BOARD MEMBER N/A
Director
$0 $0 $0
DAVID CARROLL BOARD MEMBER N/A
Director
$0 $0 $0
WILLIS HUNT BOARD MEMBER N/A
Director
$0 $0 $0
EDNA RHAMBO BOARD MEMBER N/A
Director
$0 $0 $0
MATT WILBY BOARD MEMBER N/A
Director
$0 $0 $0
JOHN WILLIAMS-MEYER BOARD MEMBER N/A
Director
$0 $0 $0
MICHAEL WILT BOARD MEMBER N/A
Director
$0 $0 $0
SAM COVEY VICE PRESIDE N/A
Officer
$0 $0 $0
SEAN GARRETSON PRESIDENT N/A
Officer
$0 $0 $0
JAMES JOHNSON TREASURER N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $51,032 $101,005 $1,992,019 $-49,973
2023 $483,303 $172,349 $1,859,352 $310,954
2022 $3,039 $98,183 $1,561,086 $-95,144
2021 $20,020 $80,736 $1,179,775 $-60,716
2020 $59,776 $68,631 $777,555 $-8,855
2019 $-173,285 $50,090 $678,882 $-223,375
2018 $-1,140,252 $173,149 $1,591,145 $-1,313,401
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