CHANGE HAPPENS CDC

EIN: 743080706 501(c)(3) Housing & Shelter

Houston, TX

Total Revenue
$783,691
Total Expenses
$707,943
Total Assets
$6,049,529
Net Assets
$4,608,993
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
TX
Principal Officer
Rev Leslie Smith
Phone
7133741100
Tax Period
2024-09-01 to 2025-08-31

CHANGE HAPPENS CDC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $784K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $708K left a modest 10% surplus.

Mission

Provide social services to the community by building and developing as well as purchasing low to moderate rental and residential development properties in Harris County and the surrounding communities to house local residents

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $21,488

Maintaining facilities for other not-for-profit organizations to be able to carry out their mission in providing services to the community. Maintaining rental properties for low-income housing...

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Maintaining facilities for other not-for-profit organizations to be able to carry out their mission in providing services to the community. Maintaining rental properties for low-income housing residents.

Program 2
Expenses: $434,908 Revenue: $597,407

Maintaining facilities for other not-for-profit organizations to be able to carry out their mission in providing services to the community. Maintaining rental properties for low-income housing...

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Maintaining facilities for other not-for-profit organizations to be able to carry out their mission in providing services to the community. Maintaining rental properties for low-income housing residents.

Program 3
Expenses: $119,970 Revenue: $164,796

Providing support services to other not for profit organizations to be able to carry out their mission to provide social services to the community and providing support services for rental properties...

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Providing support services to other not for profit organizations to be able to carry out their mission to provide social services to the community and providing support services for rental properties for low-income housing residents.

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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 (2024)

Revenue Breakdown

Contributions & Grants $431,539
Program Service Revenue $0
Investment Income $188,996
Other Revenue $163,156
TOTAL REVENUE $783,691

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,770
Fundraising Expenses $0
Program Expenses $554,878
Other Expenses $345,173
TOTAL EXPENSES $707,943

Year-over-Year Comparison

2024 2023 Change
Revenue $783,691 $3,285,203 -0.8%
Expenses $707,943 $976,632 -0.3%
Net Income $75,748 $2,308,571 -1.0%
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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Governance

Voting Members
7
Independent Members
7
Employees
8
Volunteers
N/A

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
2
$170,991
Total Directors
7
$0
Key Employees
2
$170,991
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leslie Smith II Executive Director 40
Officer Key Emp Highest
$95,193 $29,167 $124,360
Larry Baty Chief Financial Officer 12
Officer Key Emp
$46,631 $0 $46,631
Larry Hawkins Board Chairman 0
Director
$0 $0 $0
LaTricia Williams Board Member 0
Director
$0 $0 $0
Obediah Lewis Board Member 0
Director
$0 $0 $0
Eddie Robinson Board Member 0
Director
$0 $0 $0
Kendrick White Board Member 0
Director
$0 $0 $0
Raymond Bourgeois Board Member 0
Director
$0 $0 $0
Debbie Jones Board Member 0
Director
$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
2025 $783,691 $707,943 $6,049,529 $75,748
2024 $3,285,203 $976,632 $5,777,249 $2,308,571
2023 $468,693 $838,795 $3,403,315 $-370,102
2022 $511,682 $795,638 $3,582,985 $-283,956
2021 $1,398,059 $703,511 $4,117,004 $694,548
2020 $524,083 $754,214 $3,578,315 $-230,131
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