Crossroads Housing Development Corp

EIN: 752839932 501(c)(3) Housing & Shelter

BIG SPRING, TX

Total Revenue
$50,651,700
Total Expenses
$50,563,500
Total Assets
$1,620,196
Net Assets
$1,494,937
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TX
Principal Officer
STACY SWISHER
Phone
4322672206
Tax Period
2024-01-01 to 2024-12-31

Crossroads Housing Development Corp, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $50.7M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum.

Mission

CHDC is a community housing development organization that assists in creating, managing, and developing affordable housing for citizens of Howard County and its continand all areas west of US Hwy 59 in the State of TX and Regions 4, 5, 6, and 11 as reflected in the TDHCA Map of Uniform State Service Regions of TX.

Program Service Accomplishments

Program 1
Expenses: $80,193

Pryors Projects Program The intent of the program is to buy rundown or abandoned houses within Howard County, renovate them so that the future homeowner has no major renovation expenses for the first...

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Pryors Projects Program The intent of the program is to buy rundown or abandoned houses within Howard County, renovate them so that the future homeowner has no major renovation expenses for the first five years of ownership, and sell them to low-income families or individuals that intend to live in the houses.

Program 2
Expenses: $50,027,536 Revenue: $50,739,244

Low Income Housing Tax Credit Program - general contractor and management of low income housing projects under IRC Section 42 throughout Texas.

Program 3
Expenses: $44,520

Deposit Assistance Management Program. The intent of this program is to assist Big Spring Housing Authority Rental Assistance Voucher clients moving into a new residence by providing eligible...

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Deposit Assistance Management Program. The intent of this program is to assist Big Spring Housing Authority Rental Assistance Voucher clients moving into a new residence by providing eligible applicants assistance partial or complete with lease or utility deposits. Specific guidelines regarding eligibility and income verification are set forth within the management plan.

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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 $0
Program Service Revenue $50,739,244
Investment Income $-99,980
Other Revenue $12,436
TOTAL REVENUE $50,651,700

Expense Breakdown

Grants Paid $150,284
Salaries & Benefits $526,809
Fundraising Expenses $0
Program Expenses $50,301,771
Other Expenses $49,886,407
TOTAL EXPENSES $50,563,500

Year-over-Year Comparison

2024 2023 Change
Revenue $50,651,700 $31,386,288 +0.6%
Expenses $50,563,500 $31,311,948 +0.6%
Net Income $88,200 $74,340 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
3
Employees
4
Volunteers
3

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
4
$349,045
Total Directors
4
$304,617
Key Employees
1
$304,617
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACY SWISHER Executive Director Board Secretary 040.00
Officer Director Key Emp
$220,339 $84,278 $304,617
LINDA PRYOR Deputy Director 030.00
Officer
$30,139 $14,289 $44,428
RAUL J MARQUEZ Board chair 001.00
Officer Director
$0 $0 $0
BROOKE ATKINS Treasurer 001.00
Officer Director
$0 $0 $0
DR THADEUS RASHAAD MCCALISTER Director 001.00
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
2024 $50,651,700 $50,563,500 $1,620,196 $88,200
2023 $31,386,288 $31,311,948 $1,492,005 $74,340
2022 $20,296,232 $20,305,105 $1,389,817 $-8,873
2021 $31,698,100 $31,405,800 $1,430,723 $292,300
2020 $24,033,913 $23,872,791 $1,081,167 $161,122
2019 $13,291,564 $12,899,731 $910,224 $391,833
2018 $16,846,451 $16,563,014 $518,716 $283,437
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