Trec Community Investors
Trec Community Investors
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About this organization
Mission
We believe supporting communities and rebuilding local economies takes innovative solutions. The Real Estate Council Community Fund gives nonprofits and for-profit organizations in Dallas and Collin County access to capital for commercial real estate projects benefiting low-income families and their communities. With flexible loans and development services, we offer the tools individuals and organizations need to build the community they envision.
About
To promote economic justice by providing loans and technical assistance to nonprofit organizations and for-profit developers that serve low and very low income individuals.
Interesting data from their 2019 990 filing
The purpose of the non-profit is stated in the filing as “To promote economic justice by providing loans and technical assistance to nonprofit organizations and for profit developers that serve low and very low income individuals, specifically in those areas with a poverty rate of at least 20%, an unemployment rate 1.5 times higher than the national average or a median family income (mfi) at or below 80% of the metropolitan or national metropolitan mfi. the fund aggregates capital from individuals and institutional social investors and lends to nonprofits and for-profits for housing, community facilities, commercial properties, land acquisition, pre-development and other community development commercial projects.”.
Their activities were defined as: “To promote economic justice by providing loans and technical assistance to nonprofit organizations and for-profit developers that serve low and very low income individuals.”.
- As per legal requirements, the non-profit's state of operation is reported as TX.
- The non-profit's address in 2019 as per the filing is 3100 McKinnon Street Suite 1150, Dallas, TX, 75201.
- The form of the non-profit organization shows 4 employees as of 2019.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Provides credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $808,487.
- The CEO's salary policy within the organization is not determined through a review and approval by an independent source.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 15 independent voting members.
- The organization was formed in 2010.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $215,150 in salary, compensation, and benefits to its employees.
- The organization pays $63,468 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.
Additional Non-Profits in the area
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