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)

4 risk indicators measuring financial stability and operational resilience

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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

Assists in creating, managing, developing affordable housing for citizens of Howard County and its contiguous counties and all areas west of US Hwy 59 in TX and Regions 4,5,6, and 11 as reflected in the TDHCA Map.

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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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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
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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