2024-10-29T11:29:34-05:00 2023-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2023-01-01 800718545 TREC COMMUNITY INVESTORS TREC 2146923603 3100 MCKINNON STREET 1150 DALLAS TX 752011104 SUMMER LOVELAND CFO/COO 2146923603 2024-10-29 1 0 REBECCA A RODRIGUEZ P01073764 2108286281 2024-10-29 2023 2024-10-15 13:58:12Z SUMMER LOVELAND 3100 MCKINNON STREET 1150 DALLAS TX 752011104 4770581 0 X HTTPS://TRECCOMMUNITYINVESTORS.ORG/ X 2011 TX TREC COMMUNITY INVESTORS JOINS FORCES WITH UNDERSERVED COMMUNITIES TO INVEST IN THE DISINVESTED, ENERGIZE NEIGHBORHOODS, AND CHANGE LIVES. THROUGH ACCESS TO FLEXIBLE CAPITAL AND REAL ESTATE EXPERTISE, WE MAKE AN UNWAVERING COMMITMENT TO BUILD A LASTING IMPACT IN THE COMMUNITIES WE SERVE. 23 23 6 120 0 0 1638709 2210503 235234 650663 273401 292484 96967 15770 2244311 3169420 550175 714338 0 0 1037820 1179538 0 0 124709 1063945 1090266 2651940 2984142 -407629 185278 10382604 9708983 3136693 1657910 7245911 8051073 X TREC COMMUNITY INVESTORS JOINS FORCES WITH UNDERSERVED COMMUNITIES TO INVEST IN THE DISINVESTED, ENERGIZE NEIGHBORHOODS, AND CHANGE LIVES. THROUGH ACCESS TO FLEXIBLE CAPITAL AND REAL ESTATE EXPERTISE, WE MAKE AN UNWAVERING COMMITMENT TO BUILD A LASTING IMPACT IN THE COMMUNITIES WE SERVE. 0 0 1638233 364338 633663 NEIGHBORHOOD REVITALIZATION: TREC CI PARTNERS WITH OTHER COMMUNITY ORGANIZATIONS TO FOCUS ON JOB AND WEALTH CREATION AND COMMUNITY OWNERSHIP AND LEADERSHIP OPPORTUNITIES IN LOW TO MODERATE INCOME COMMUNITIES. 624042 75000 0 HOUSING: TREC CI PROVIDES FUNDING FOR RENOVATION OF MULTIFAMILY PROPERTIES, HOME IMPROVEMENT PROJECTS; PROVIDES PROFESSIONAL SERVICES AND VOLUNTEER SUPPORT AS WELL AS GRANTS FOR REHABILITATION PROJECTS, AND PLAYS A ROLE IN THE ESTABLISHMENT OF A COMMUNITY LAND TRUST. 397623 275000 17000 EDUCATION: TREC CI OFFERS TARGETED LEARNING OPPORTUNITIES FOR THOSE IN THE COMMUNITY WHO WANT TO EXPAND THEIR KNOWLEDGE OF REAL ESTATE. PARTICIPANTS ARE SELECTED THROUGH AN APPLICATION PROCESS. IN ADDITION, TREC CI INVESTS IN AND MAKES GRANTS TO ORGANIZATIONS WHO ARE IN EDUCATION, SUCH AS SCHOOLS, AS WELL AS INVESTS IN EDUCATIONAL PROJECTS. 2659898 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 22 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X SUMMER LOVELAND 2146923603 3100 MCKINNON STREET 1150 DALLAS TX 752011104 MIKE GEISLER CHAIRMAN 1.00 1.00 X X 0 0 0 KITTY HENRY SECRETARY 0.50 0.00 X X 0 0 0 HEIDI BARATH TREASURER 0.50 0.00 X X 0 0 0 AARON ECHOLS BOARD MEMBER 0.50 0.00 X 0 0 0 FERNANDO CEBALLOS BOARD MEMBER 0.50 0.00 X 0 0 0 ACE ROMAN BOARD MEMBER 0.50 0.00 X 0 0 0 CHASE EVANS BOARD MEMBER 0.50 0.00 X 0 0 0 DAVID FAZIO BOARD MEMBER 0.50 0.00 X 0 0 0 JEFF CARTER BOARD MEMBER 0.50 0.00 X 0 0 0 JOHN RIGGINS BOARD MEMBER 0.50 0.00 X 0 0 0 JOSH WHITE BOARD MEMBER 0.50 0.00 X 0 0 0 KEVIN WIERENGA BOARD MEMBER 0.50 0.00 X 0 0 0 LESLEY MCCASLIN BOARD MEMBER 0.50 0.00 X 0 0 0 COURTNEY SPELLICY BOARD MEMBER 0.50 0.00 X 0 0 0 DAVID LAWRENCE BOARD MEMBER 0.50 0.00 X 0 0 0 JEFF KOCHER BOARD MEMBER 0.50 0.00 X 0 0 0 KENT HOWARD BOARD MEMBER 0.50 0.00 X 0 0 0 DENISE FANSLER BOARD MEMBER 0.50 0.00 X 0 0 0 IAN FAIRCHILD BOARD MEMBER 0.50 0.00 X 0 0 0 TAYLOR DICKERSON BOARD MEMBER 0.50 0.00 X 0 0 0 TRIPP RUSS BOARD MEMBER 0.50 0.00 X 0 0 0 CHAD ALLMAN BOARD MEMBER 0.50 0.00 X 0 0 0 MARCY HELFAND BOARD MEMBER 0.50 0.00 X 0 0 0 LINDA MCMAHON CEO/PRESIDENT 20.00 20.00 X 241038 241038 16322 SUMMER LOVELAND CFO/COO 20.00 20.00 X 127110 127110 18990 FELICIA PIERSON SR. DIRECTOR 39.00 1.00 X 119247 0 10626 AMY STOVALL SR. DIRECTOR 13.00 27.00 X 35114 70229 25776 NEBIAT WODERE CONTROLLER 16.00 24.00 X 42016 63025 9930 564525 501402 81644 3 0 1 0 CITYMARK 3100 MCKINNON ST DALLAS TX 75201 RENT 306677 1 333995 1876508 2210503 MANAGEMENT FEES 522291 379695 379695 DALLAS HOUSING OPPORTUNITY FUND F 522291 192500 192500 LOAN REVENUE 522291 78468 78468 650663 296041 296041 1597604 1601161 -3557 -3557 -3557 OTHER INCOME 900099 15770 15770 15770 3169420 650663 0 308254 714338 714338 385802 335648 30864 19290 659487 573753 52759 32975 13338 11604 1067 667 47907 41679 3833 2395 73004 63514 5840 3650 44776 38955 3582 2239 152244 132452 12180 7612 80782 70280 6463 4039 66636 57975 5330 3331 213335 185601 17067 10667 305817 266061 24465 15291 7612 6622 609 381 35672 31034 2854 1784 2500 2175 200 125 47107 40983 3769 2355 21813 18977 1745 1091 PROVISION FOR LOAN LOSS 261338 261338 STRATEGIC INITIATIVES 39778 34608 3182 1988 IN KIND EXPENSES -189144 -227699 23726 14829 2984142 2659898 199535 124709 257148 94785 1972445 149799 49810 106250 1270183 1431330 72130 95504 474328 298799 184677 175529 1476862 3685766 3462308 3254672 1637041 715348 10382604 9708983 36582 14123 1316783 252240 608067 394586 250833 250833 924428 746128 3136693 1657910 X 2910699 2911442 4335212 5139631 7245911 8051073 10382604 9708983 185278 619884 0 X 0 1 X 1 0 X 361343 265739 1880598 1638709 2210503 6356892 361343 265739 1880598 1638709 2210503 6356892 883535 5473357 7540 109727 296041 413308 31717 96967 15770 144454 6914654 1234904 0.79160 0.73740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2021 AMOUNT: $ 31,717. 2022 AMOUNT: $ 96,967. 2023 AMOUNT: $ 15,770. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: UNUSUAL GRANT DATE: 12/31/19 AMOUNT: 6000000. DESCRIPTION: MERGER DATE: 12/31/20 AMOUNT: 2239175. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118476 111598 6878 67329 51156 16173 288523 136045 152478 175529 FIDELITY 500 INDEX FUND 3107526 F FIMM TREASURY PORTFOLIO: CL I 147146 F 3254672 INTERCOMPANY DUE TO/FROM 28348 RIGHT OF USE ASSETS 687000 715348 LEASE LIABILITIES 746128 746128 X 4275026 619884 485722 1105606 3169420 0 3169420 3469864 485722 485722 2984142 0 2984142 PART X, LINE 2: TREC CI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME OR EXCISE TAX HAS BEEN MADE. HOWEVER, SHOULD TREC CI ENGAGE IN ACTIVITIES UNRELATED TO THE PURPOSE FOR WHICH IT WAS CREATED, TAXABLE INCOME COULD RESULT. TREC CI DID NOT INCUR ANY FEDERAL INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. TAX POSITIONS TAKEN RELATED TO TREC CI'S TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, TREC CI HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX POSITIONS. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. 1 SCHOLARSHOT 2904 SWISS AVE DALLAS TX 75204 270232250 501(C)(3) 25000 0 SUPPORT OF HIGHER EDUCATION PROGRAMS ST PHILIPS SCHOOL AND COMMUNITY CENTER 1600 PENNSYLVANIA AVE DALLAS TX 75215 751097360 501(C)(3) 62900 0 RENOVATION OF COMMERCIAL BUILDING CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION 1819 MARTIN LUTHER KING BLVD DALLAS TX 75215 752623357 501(C)(3) 75000 0 RENOVATION OF MULTIFAMILY PROPERTY COMMIT2DALLAS 3000 PEGASUS PARK DR STE 900 DALLAS TX 75247 800790222 501(C)(3) 250000 0 GENERAL SUPPORT TOWARD REDUCTION OF CHILD POVERTY 4 PART I, LINE 2: WE HAVE GRANT REPORTING WHICH IS PROVIDED TO US BY THE GRANTEE, IDENTIFYING USE OF THE FUNDS AND OUTCOME OF THE PROJECT FOR WHICH THE FUNDS WERE USED. THIS INCLUDES IDENTIFYING OTHER SOURCES OF FUNDS THEY HAVE RECEIVED. 0 0 0 0 0 0 0 0 0 LINDA MCMAHON CEO/PRESIDENT 187986 187986 52745 52745 307 307 7300 7300 861 861 249199 249199 0 0 SUMMER LOVELAND CFO/COO 100791 100791 26250 26250 69 69 3424 3424 6071 6071 136605 136605 0 0 PART I, LINE 3 THE COMPENSATION FOR TOP MANAGEMENT OFFICIALS IS APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE FROM A RELATED ORGANIZATION. COMPENSATION IS COMPARED TO EXECUTIVE COMPENSATION BY REVIEWING COMPARABILITY DATA OF SIMILAR ORGANIZATIONS. THE APPROVAL OF COMPENSATION IS DOCUMENTED IN EMAIL CORRESPONDENCE AMONG THE COMPENSATION COMMITTEE. THE COMPENSATION OF ALL OTHER STAFF, INCLUDING OFFICERS WHO ARE EMPLOYEES, IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON RECOMMENDATION BY THE CEO. FORM 990, PART I, LINE 6, VOLUNTEERS: TREC COMMUNITY INVESTORS (TREC CI) UTILIZES VOLUNTEERS TO SERVE ON THE BOARD OF DIRECTORS, TO OVERSEE COMMITTEES. VOLUNTEERS ASSIST WITH ALL PROGRAMS AND EVENTS. FORM 990, PART VI, SECTION B, LINE 11B A THOROUGH REVIEW IS PERFORMED BY THE CFO. AFTER ALL EDITS HAVE BEEN INCORPORATED IN THE RETURN, THE FINAL COPY IS PROVIDED TO THE CEO FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C TREC CI FOLLOWS A CONFLICT OF INTEREST POLICY. THE PURPOSE OF THE CONFLICT OF INTEREST POLICY (THE "POLICY") IS TO PROTECT THE INTERESTS OF THE FUND, WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER, DIRECTOR OR COMMITTEE MEMBER OF THE FUND OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THE POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICTS OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WHO ARE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING DIRECTORS OR COMMITTEE MEMBERS, AS THE CASE MAY BE, SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION OR RELEVANT COMMITTEE CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS SHALL MAKE THE DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIALS, IS APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE FROM A RELATED ORGANIZATION. THE COMPENSATION IS COMPARED TO EXECUTIVE COMPENSATION BY REVIEWING COMPARABILITY DATA OF SIMILAR ORGANIZATIONS. THE APPROVAL OF THE TOP MANAGEMENT OFFICIAL'S COMPENSATION IS DOCUMENTED IN EMAIL CORRESPONDENCE AMONG THE COMPENSATION COMMITTEE. THE COMPENSATION OF ALL OTHER STAFF, INCLUDING OFFICERS WHO ARE EMPLOYEES, IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON RECOMMENDATION BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND FORM 990 ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE REAL ESTATE COUNCIL INC 3100 MCKINNON STREET 1150 DALLAS TX 75201 752342376 REAL ESTATE SUPPORT TX 501(C)(6) N/A 0 THE REAL ESTATE COUNCIL POLITICAL ACTION COMMITTEE 3100 MCKINNON STREET 1150 DALLAS TX 75201 043590401 CAMPAIGN SUPPORT TX 527 N/A 0 TREC SPECIAL EVENTS INC 3100 MCKINNON STREET 1150 DALLAS TX 75201 464671936 SPECIAL EVENT TX 501(C)(3) LINE 12A, I TREC COMMUNITY INVESTORS 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 TREC SPECIAL EVENTS INC C 333995 FMV THE REAL ESTATE COUNCIL INC O 784945 FMV THE REAL ESTATE COUNCIL INC P 277094 FMV THE REAL ESTATE COUNCIL INC Q 440168 FMV THE REAL ESTATE COUNCIL INC R 355240 FMV THE REAL ESTATE COUNCIL INC S 633264 FMV