TEXAS ETA HOUSING CORPORATION

EIN: 752235474

SAN ANTONIO, TX

Total Revenue
$350,348
Total Expenses
$124,662
Total Assets
$261,087
Net Assets
$261,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
TX
Principal Officer
DOUGLAS T BROWNE
Phone
2109797600
Tax Period
2024-04-01 to 2025-03-31

TEXAS ETA HOUSING CORPORATION, founded in 1990, is a small nonprofit that reported $350K in total revenue in fiscal year 2024. Revenue surged 890% from the prior year, signaling strong growth momentum. The organization ran a surplus of $226K, a strong 64% operating margin.

Mission

The mission of the Texas Eta Housing Corporation is to provide safe, well-maintained, and affordable housing to the members of the Phi Delta Theta fraternity at Stephen F. Austin State University. The Corporation is dedicated to the ongoing maintenance, improvement, and operation of the fraternity house to foster an environment that supports academic achievement, leadership development, and brotherhood. In addition to managing the collection of rent and payment of operating expenses, the Housing Corporation ensures the facility serves as a central meeting place for the fraternity's full membership, enhancing the overall collegiate experience of its members.

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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 $333,248
Program Service Revenue $17,100
Investment Income $0
Other Revenue $0
TOTAL REVENUE $350,348

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $124,662
TOTAL EXPENSES $124,662

Year-over-Year Comparison

2024 2023 Change
Revenue $350,348 $35,400 +8.9%
Expenses $124,662 N/A N/A
Net Income $225,686 $35,400 +5.4%
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

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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
8
Independent Members
8
Employees
N/A
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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG MORITZ President 5.00
Officer Director
$0 $0 $0
DOUGLAS BROWNE Treasurer 5.00
Officer Director
$0 $0 $0
STEVE HAKES Secretary 1.00
Officer Director
$0 $0 $0
GLEN DAVIS BOARD MEMBER 0.00
Director
$0 $0 $0
PAUL EVANS BOARD MEMBER 0.00
Director
$0 $0 $0
JUSTIN GONZALES BOARD MEMBER 0.00
Director
$0 $0 $0
COOPER CASTLEBERRY BOARD MEMBER 0.00
Director
$0 $0 $0
KEN SCHAEFER BOARD MEMBER 0.00
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 $350,348 $124,662 $261,087 $225,686
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