AUSTIN STREET REAL ESTATE

EIN: 853928035 501(c)(3) Human Services

DALLAS, TX

Total Revenue
$265,300
Total Expenses
$951,965
Total Assets
$15,828,521
Net Assets
$-1,752,634
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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
2020
Legal Domicile
TX
Principal Officer
NANCY BEST
Phone
2144284242
Tax Period
2024-01-01 to 2024-12-31

AUSTIN STREET REAL ESTATE, founded in 2020, is a small nonprofit in the Human Services sector that reported $265K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $952K exceeded revenue, resulting in a 259% operating deficit.

Mission

AUSTIN STREET REAL ESTATE (ASRE) IS OPERATED EXCLUSIVELY TO CARRY OUT THE PURPOSES OF AUSTIN STREET CENTER (FORMERLY KNOWN AS SHELTER MINISTRIES OF DALLAS), FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES TO SHELTER THE HOMELESS AND PROVIDE COMPASSIONATE COUNSELING THROUGH A MINISTRY OF CARING AND ENABLE RESPONSIBLE CHOICE AND LIFE CHANGES. ASRE ALSO HELPS TO CARRY OUT THE OPERATION OF AUSTIN STREET CENTER, A THERAPEUTIC COMMUNITY THAT PROVIDES EMERGENCY SHELTER, FOOD, SHOWERS, CLOTHING, MEDICATIONS, COUNSELING, AND JOB TRAINING PROGRAMS TO THOSE IN NEED.

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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 $3,300
Investment Income $0
Other Revenue $262,000
TOTAL REVENUE $265,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $951,965
Other Expenses $951,965
TOTAL EXPENSES $951,965

Year-over-Year Comparison

2024 2023 Change
Revenue $265,300 $196,565 +0.3%
Expenses $951,965 $979,877 0.0%
Net Income $-686,665 $-783,312 -0.1%
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

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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
5
$303,851
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY BEST CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
DENNIS GRINDINGER VICE CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
JEANNE WHITMAN BOBBITT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID ROSENBERG SECRETARY 1.00
Officer Director
$0 $0 $0
CATHERINE OLIVEROS TRUSTEE 1.00
Director
$0 $0 $0
YULISE REAVES WATERS TRUSTEE 1.00
Director
$0 $0 $0
DANIEL ROBY PRESIDENT & CEO 1.00
Officer
$0 $51,328 $303,851
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 $265,300 $951,965 $15,828,521 $-686,665
2023 $196,565 $979,877 $16,177,074 $-783,312
2022 $183,833 $409,489 $17,119,276 $-225,656
2021 No data $57,001 $20,057,758 No data
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