CENTRAL HOUSTON CIVIC IMPROVEMENT … - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

KRIS LARSON

Phone

7136501470

Tax Period

2023-01-01 to 2023-12-31

CENTRAL HOUSTON CIVIC IMPROVEMENT INC, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $627K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $300K, a strong 48% operating margin.

Mission

CENTRAL HOUSTON CIVIC IMPROVEMENT LNC.'S MISSION IS TO ENSURE THE CONTINUED VITALITY AND TO SUPPORT DEVELOPMENT OF DOWNTOWN AND THE CENTRAL CITY THAT IS CRITICAL TO THE CONTINUED HEALTH AND GROWTH OF HOUSTON.

Program Service Accomplishments

Program 1

Expenses: $89,300

ECONOMIC DEVELOPMENT PROGRAM-THE ECONOMIC DEVELOPMENT PROGRAM IS USED AS A RELIABLE RESOURCE FOR INVESTORS, BUILDING OWNERS AND TENANTS SERVING AS A CLEARINGHOUSE FOR INFORMATION, INCLUDING...

ECONOMIC DEVELOPMENT PROGRAM-THE ECONOMIC DEVELOPMENT PROGRAM IS USED AS A RELIABLE RESOURCE FOR INVESTORS, BUILDING OWNERS AND TENANTS SERVING AS A CLEARINGHOUSE FOR INFORMATION, INCLUDING INTERNALLY GENERATED DATA SUCH AS THE DOWNTOWN OFFICE STORY, DEVELOPMENT MAPS, AND INDEPENDENT RESEARCH. THE GOAL OF THE PROGRAM IS TO RECRUIT AND RETAIN OFFICE TENANTS, ENCOURAGE QUALITY DEVELOPMENT, GROW THE INNOVATION ECOSYSTEM, AND ULTIMATELY BRING EMPLOYERS AND JOBS TO DOWNTOWN.

Program 2

Expenses: $148,945

NORTH HOUSTON HIGHWAY IMPROVEMENT PLAN CIVIC OPPORTUNITIES PROGRAM-A FRAMEWORK FOR RESPONSIBLE DECISIONS REGARDING THE CIVIC OPPORTUNITIES ASSOCIATED WITH THE NHHIP PROJECT HAS BEEN CREATED THROUGH THE MAYOR'S OFFICE AND STEERING COMMITTEE OF CIVIC VOLUNTEERS. CENTRAL HOUSTON CIVIC IMPROVEMENT SERVES AS THE COORDINATING ENTITY TO PROVIDE A DEEP RESOURCE OF EXPERIENCED URBAN PLANNING, DESIGN, ENGINEERING, AND ECONOMIC DEVELOPMENT RESOURCES, EITHER THROUGH INTERNAL STAFF OR THROUGH THE ENGAGEMENT OF CONSULTANTS, TO SUPPLEMENT THE RESOURCES OF THE CITY AND PLAY AN INTEGRAL ROLE WITH THE CITY OF HOUSTON AND TXDOT TO ADVANCE THE OVERALL QUALITY OF DESIGN FOR THE HIGHWAY PROJECT. CENTRAL HOUSTON CIVIC IMPROVEMENT OPERATES UNDER THE TERMS OF A PROFESSIONAL SERVICES AGREEMENT WITH THE CITY OF HOUSTON AS WELL AS AN INTERAGENCY AGREEMENT WITH TXDOT WHICH DEFINES A PROCESS FOR JOINT DEVELOPMENT OF PRESCRIPTIVE DESIGN STANDARDS, PROCUREMENT SCORING AND JOINT REVIEW AS THE PROJECT PROGRESSES THROUGH THE DESIGN AND CONSTRUCTION PHASES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $558,212

Program Service Revenue $0

Investment Income $68,527

Other Revenue $0

TOTAL REVENUE $626,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,059

Fundraising Expenses $0

Program Expenses $238,245

Other Expenses $284,940

TOTAL EXPENSES $326,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$626,739	$1,153,532	-0.5%
Expenses	$326,999	$864,239	-0.6%
Net Income	$299,740	$289,293	+0.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$586,701

Total Directors

$469,608

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX JESSETT	TREASURER	1.00	Officer Director	$0	$0	$0
AMY CHRONIS	DIRECTOR	1.00	Director	$0	$0	$0
ANNE TAYLOR	CHAIR EMERITUS	0.10	Director	$0	$0	$0
BRADLEY R FREELS	DIRECTOR	0.10	Director	$0	$0	$0
C RICHARD EVERETT	DIRECTOR	0.10	Director	$0	$0	$0
CODY SCHNEIDER	DIRECTOR	0.10	Director	$0	$0	$0
DANNY DAVID	DIRECTOR	0.10	Director	$0	$0	$0
DARON PESCHEL	DIRECTOR	0.10	Director	$0	$0	$0
DAVID RUIZ	SECRETARY (EX-OFFICIO)	1.00	Officer Director	$0	$0	$0
DAVID STEVENSON	DIRECTOR	0.10	Director	$0	$0	$0
DILIP CHOUDHURI	CHAIR	1.00	Officer Director	$0	$0	$0
DOUGAL CAMERON	DIRECTOR	0.10	Director	$0	$0	$0
ESI AKINOSHO	DIRECTOR	0.10	Director	$0	$0	$0
FRED B GRIFFIN	DIRECTOR	0.10	Director	$0	$0	$0
HILLARY HART	DIRECTOR	0.10	Director	$0	$0	$0
HONG OGLE	DIRECTOR	0.10	Director	$0	$0	$0
JAMES CASEY	DIRECTOR	0.10	Director	$0	$0	$0
JASON WELLS	DIRECTOR	0.10	Director	$0	$0	$0
JEFFERY HILDEBRAND	DIRECTOR	0.10	Director	$0	$0	$0
JESSICA O'NEILL	DIRECTOR	0.10	Director	$0	$0	$0
JOHN MOOZ	DIRECTOR	1.00	Director	$0	$0	$0
JULIE LUECHT	DIRECTOR	0.10	Director	$0	$0	$0
KATHY PAYTON	DIRECTOR	0.10	Director	$0	$0	$0
KRISTOPHER LARSON	PRESIDENT	10.00	Officer Director	$0	$40,008	$469,608
LAURA EDRINGTON	DIRECTOR	0.10	Director	$0	$0	$0
LINNET F DEILY	CHAIRMAN EMERITUS	0.10	Director	$0	$0	$0
LOREN BLANCHARD	DIRECTOR	0.10	Director	$0	$0	$0
MARK C EVANS	DIRECTOR	1.00	Director	$0	$0	$0
MARTYN E GOOSSEN	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW DAMBORSKY	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL HECKMAN	DIRECTOR	0.10	Director	$0	$0	$0
NILOUFAR MOLAVI	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD J CAMPO	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BURRITT	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN NEWTON	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN J KEAN	DIRECTOR	1.00	Director	$0	$0	$0
THEOLA PETTEWAY	DIRECTOR	0.10	Director	$0	$0	$0
THOMAS DEBESSE	DIRECTOR	0.10	Director	$0	$0	$0
TILMAN J FERTITTA	DIRECTOR	0.10	Director	$0	$0	$0
TRAVIS OVERALL	DIRECTOR	1.00	Director	$0	$0	$0
WENDY HEGER	DIRECTOR	0.10	Director	$0	$0	$0
MARY BUROUGHTS	DIRECTOR	0.10	Director	$0	$0	$0
JAMIE PERKINS	ASSIST. SECRETARY	0.00	Officer	$0	$23,791	$117,093
JOHN A DOUGLAS	CHIEF OPERATING OFFICER	20.00	Highest	$0	$43,539	$331,311
JANA GUNTER	DIRECTOR OF FINANCE	13.33	Highest	$0	$43,642	$235,156

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	$626,739	$326,999	$2,031,105	$299,740
2022	$1,153,532	$864,239	$1,863,813	$289,293
2021	$1,106,965	$822,775	$4,707,163	$284,190
2020	$969,597	$1,063,226	$7,254,271	$-93,629
2019	$1,310,235	$1,036,073	$7,033,929	$274,162
2018	$2,023,580	$1,758,516	$964,459	$265,064

CENTRAL HOUSTON CIVIC IMPROVEMENT INC