EMPOWERMENT REAL ESTATE INC

EIN: 990769568 501(c)(3) Housing & Shelter

CARROLLTON, TX

Total Revenue
$110,184
Total Expenses
$846,606
Total Assets
$16,972,704
Net Assets
$2,498,408
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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
2024
Legal Domicile
TX
Principal Officer
SHELLIE RAYFORD
Phone
9724462100
Tax Period
2024-10-01 to 2025-09-30

EMPOWERMENT REAL ESTATE INC, founded in 2024, is a small nonprofit in the Housing & Shelter sector that reported $110K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $847K exceeded revenue, resulting in a 668% operating deficit.

Mission

The purpose of the organization is to further the charitable mission of Metrocrest Services by facilitating their participation in the federal New Markets Tax Credit program.

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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 $0
Investment Income $0
Other Revenue $110,184
TOTAL REVENUE $110,184

Expense Breakdown

Grants Paid $183,938
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $327,248
Other Expenses $662,668
TOTAL EXPENSES $846,606

Year-over-Year Comparison

2024 2023 Change
Revenue $110,184 $2,654,276 -1.0%
Expenses $846,606 $120,798 +6.0%
Net Income $-736,422 $2,533,478 -1.3%
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
7
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
4
$464,008
Total Directors
7
$226,641
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY EUBANKS Treasurer 1.00
Officer Director
$0 $0 $226,641
GARY HANCOCK CFO 1.00
Officer
$0 $0 $129,661
MIKE HARRIS CDO 1.00
Officer
$0 $0 $107,706
SHELLIE RAYFORD President 1.00
Officer Director
$0 $0 $0
ANDY DASTUR Director 1.00
Director
$0 $0 $0
LOU BRADY Director 1.00
Director
$0 $0 $0
JEANNE CLARK Director 1.00
Director
$0 $0 $0
JAMIE ROBERTSON Director 1.00
Director
$0 $0 $0
BEV GRIMLEY Director 1.00
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
2025 $110,184 $846,606 $16,972,704 $-736,422
2024 $2,654,276 $120,798 $17,793,478 $2,533,478
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