COMMUNITY RESTORATION CORPORATION Charity Report

Tax-exempt status may be revoked

COMMUNITY RESTORATION CORPORATION

EIN 45-3774445 · Housing Support (L80)

What they do

WORKING IN STRATEGIC PARTNERSHIP WITH A TEAM of LOCAL ORGANIZATIONS, CRC ACQUIRED DISTRESSED MORTGAGES/NOTES and REO PROPERTIES FROM LENDERS and CREATES COMMUNITY-FOCUSED DISPOSITION STRATEGIES for THE ASSETS. BY TAKING A COMMUNITY-BASED APPROACH to CREATING FLEXIBLE OPTIONS for FAMILIES to PRESERVE HOMEOWNERSHIP or PURSUING EXPEDITED SOLUTIONS for VACANT PROPERTIES CAUSING NEIGHBORHOOD BLIGHT, CRC is ABLE to COMPLEMENT EXISTING NEIGHBORHOOD STABILIZATION EFFORTS IN COMMUNITIES THAT HAVE BEEN SIGNIFICANTLY IMPACTED BY FORECLOSURES and DISINVESTMENT.

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2022The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

2.52%of revenue went to mission work65.3% of expenses · Program services

$3.86spent for every $100 of revenueRevenue covered expenses this year.

1.34%of revenue went to management and office costs34.7% of expenses

$2.51in assets for every $1 spent this yearSome assets cannot be spent right away.

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Money

Financial picture

Tax year 2022

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,360,627

Mission workProgram services$185,3602.52% of revenue65.3% of expenses

ManagementOffice and general costs$98,4161.34% of revenue34.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$7,076,85196.14% of revenueShown in gray on the chart

Total expenses$283,7763.86% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2022CurrentExpense mix: 65.3% mission · 34.7% management · 0.0% fundraisingTotal expenses: 3.86% of revenue

2021Expense mix: 93.2% mission · 6.8% management · 0.0% fundraisingTotal expenses: 17.19% of revenue

2020Expense mix: 94.2% mission · 5.8% management · 0.0% fundraisingTotal expenses: 146.67% of revenue

2019Expense mix: 96.8% mission · 3.2% management · 0.0% fundraisingTotal expenses: 98.50% of revenue

2018Expense mix: 98.4% mission · 1.6% management · 0.0% fundraisingTotal expenses: 160.47% of revenue

2017Expense mix: 98.5% mission · 1.5% management · 0.0% fundraisingTotal expenses: 207.33% of revenue

2016Expense mix: 99.0% mission · 1.0% management · 0.0% fundraisingTotal expenses: 614.44% of revenue

Money in and money out

Revenue$7,360,627

Expenses$283,776

Annual surplus $7,076,851 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$185,360 · 65.3% of expenses

Management and office costs$98,416 · 34.7% of expenses

See all reported dollar amounts

Revenue$7,360,627

Expenses$283,776

Assets$711,603

Income$9,217,251

Mission work (program services)$185,360

Grants given$2,685,697

Average grant$447,616

Management and general$98,416

Accounting fees$95,437

People

Leadership and board

Tax year 2022

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (6)

CARLOS ALCAZARPRESIDENT

ERIC CHATMANDIRECTOR

ERIN PERSONSDIRECTOR (LEFT IN 2022)

JENNIFER HENNEMUTHSECRETARY

KATE MONTER DURBANDIRECTOR (LEFT IN 2022)

MATT CAMERONTREASUER

About this charity

Recognized since: February 2013
Location: 1200 W WALNUT HILL LANE 1000, IRVING, TX 75308
County: Dallas
In care of: CARLOS ALCAZAR
Primary officer: CARLOS ALCAZAR, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(214) 710-3332 Officer phone(617) 720-1999

Filing and classification

Latest tax year: 2022
Tax period began: January 1, 2022
Return type: 990
Tax preparer: AAFCPAS INC
NTEE classification: Housing Support (L80)
IRS tax category: Housing Support
Grant-giving organization: Yes
Revocation date: May 15, 2026