FIFTH WARD COMMUNITY REDEVELOPMENT CORPORATION

EIN: 760288037 501(c)(3) Community Improvement

HOUSTON, TX

Total Revenue
$4,384,538
Total Expenses
$6,441,119
Total Assets
$20,330,460
Net Assets
$6,169,543
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
TX
Principal Officer
CHARLES TURNER
Phone
7136740175
Tax Period
2023-01-01 to 2023-12-31

FIFTH WARD COMMUNITY REDEVELOPMENT CORPORATION, founded in 1989, is a community nonprofit in the Community Improvement sector that reported $4.4M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $6.4M exceeded revenue, resulting in a 47% operating deficit.

Mission

FIFTH WARD CRC CATALYZES RESOURCES TO BUILD AND PRESERVE AN INCLUSIVE 5TH WARD COMMUNITY BY DEVELOPING PLACES AND OPPORTUNITIES FOR PEOPLE TO LIVE, WORK AND PLAY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,606,692
Program Service Revenue $779,001
Investment Income $7,537
Other Revenue $991,308
TOTAL REVENUE $4,384,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,220,053
Fundraising Expenses $75,226
Program Expenses $5,425,762
Other Expenses $4,221,066
TOTAL EXPENSES $6,441,119

Year-over-Year Comparison

2023 2022 Change
Revenue $4,384,538 $7,564,751 -0.4%
Expenses $6,441,119 $5,684,350 +0.1%
Net Income $-2,056,581 $1,880,401 -2.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
43
Volunteers
625

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
1
$154,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES E TURNER CHAIRMAN 2.00
Director
$0 $0 $0
BRIDGETTE STEELE VICE CHAIR 2.00
Director
$0 $0 $0
ROBERT EURY EX OFFICIO 2.00
Director
$0 $0 $0
TED HAMILTON TRUSTEE 2.00
Director
$0 $0 $0
APRIL DANIEL TRUSTEE 2.00
Director
$0 $0 $0
TYRUS BRAILEY TRUSTEE 2.00
Director
$0 $0 $0
MARCUS VASQUEZ TRUSTEE 2.00
Director
$0 $0 $0
BRIDGETTE DORIAN SECRETARY 2.00
Director
$0 $0 $0
HARVEY CLEMONS JR CHAIR EMERITUS 2.00
Director
$0 $0 $0
WILEY HENRY FOUNDER 2.00
Director
$0 $0 $0
GAYILA BOLDEN TRUSTEE 2.00
Director
$0 $0 $0
KATHY FLANAGAN-PAYTON PRESIDENT/CEO 40.00
Officer
$141,000 $13,000 $154,000
MAYRA G BONTEMPS CHIEF OF REAL ESTATE DEVELOPMENT 40.00
Highest
$127,250 $0 $127,250
LASHAWN MCCOY CHIEF STRATEGIST PROGRAM OFFICER 40.00
Highest
$127,373 $0 $127,373
JOHN W PEAVY CONTROLLER 40.00
Highest
$110,711 $0 $110,711
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 $4,384,538 $6,441,119 $20,330,460 $-2,056,581
2022 $7,564,751 $5,684,350 $13,886,057 $1,880,401
2021 $8,246,995 $6,848,429 $11,525,956 $1,398,566
2020 $5,167,171 $4,610,617 $10,704,017 $556,554
2019 $2,815,093 $4,689,884 $15,142,024 $-1,874,791
2018 $6,131,310 $4,180,053 $15,102,671 $1,951,257
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