Comunidad Corporation in Dallas, Texas (TX)

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Comunidad Corporation
Employer Identification Number (EIN)752589674
Name of OrganizationComunidad Corporation
In Care of NameJohn W Martin
Address17194 Preston Rd Ste 102-39, Dallas, TX 75248-1221
ActivitiesDescribed in section 509(a)(2) of the Code, Low and moderate income housing
SubsectionCharitable Organization
Ruling Date09/1995
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$19,524,215
Amount of Income$10,590,763
Form 990 Revenue Amount$10,590,763
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2011: $10,590,763
This organization: 

 $10,590,763
Other organizations performing similar types of work: 

 $335,144

Assets in 2011: $19,524,215
This organization: 

 $19,524,215
Other organizations performing similar types of work: 

 $1,134,092

Expenses in 2007: $12,984,157
This organization: 

 $12,984,157
Other organizations performing similar types of work: 

 $1,087,679

Income to expenses ratio in 2007: 0.9
Comunidad Corporation: 

 0.9
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 99.7%
Comunidad Corporation: 

 99.7%
Other organizations performing similar types of work: 

 85.5%

Grants share in income in 2007: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 41.3%

Financial snapshot ($)

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2004200520062007
Total revenue$10,100,058$9,715,617$11,309,959$11,359,802
Contributions, gifts, grants, and similar amounts received$0$0$1,233,250$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$1,233,250$0
Program service revenue including government fees and contracts$10,098,531$9,708,336$10,076,709$11,359,802
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$1,527$7,281$0$0
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$12,131,912$13,464,235$15,127,805$12,984,157
Program services$12,092,364$13,379,656$15,068,782$12,943,691
Management and general$39,548$84,579$59,023$40,466
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$-2,384,217$-6,132,835$-9,950,681$-11,575,036
Excess or (deficit) for the year$-2,031,854$-3,748,618$-3,817,846$-1,624,355
Net assets or fund balances at beginning of year$58,053$-2,384,217$-6,132,835$-9,950,681
Other changes in net assets or fund balances$-410,416$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$12,984,157$12,943,691$40,466$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,171,653$1,171,653$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$134,931$134,931$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$53,205$50,705$2,500$0
Legal fees$35,112$26,137$8,975$0
Supplies$22,812$15,013$7,799$0
Telephone$25,085$25,085$0$0
Postage and shipping$2,687$2,610$77$0
Occupancy$2,091,153$2,091,153$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$10,947$0$10,947$0
Conferences, conventions, and meetings$0$0$0$0
Interest$4,231,612$4,224,828$6,784$0
Depreciation, depletion, etc.$1,398,493$1,397,926$567$0
Other expenses not covered above$3,806,467$3,803,650$2,817$0
Balance Sheets
2004200520062007
Total assets$77,066,225$75,594,888$73,798,401$59,530,337
Cash - non-interest-bearing$46,607$189,898$2,946$35,426
Savings and temporary cash investments$0$0$1,054,537$0
Accounts receivable less allowance for doubtful accounts$281,451$52,998$54,141$72,690
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$227,887$211,716$222,069$151,726
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$73,691,556$72,112,635$70,395,861$55,776,389
Other assets, including program-related investments$2,818,724$3,027,641$2,068,847$3,494,106
Total liabilities$79,450,442$81,727,723$83,749,082$71,105,373
Accounts payable and accrued expenses$1,727,382$2,929,927$4,352,200$5,382,140
Grants payable$0$0$0$0
Deferred revenue$24,276$36,938$66,211$75,182
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$75,807,407$74,972,434$75,855,496$62,668,526
Other liabilities$1,891,377$3,788,424$3,475,175$2,979,525
Total liabilities and net assets/fund balances$77,066,225$75,594,888$73,798,401$59,530,337
Total net assets or fund balances$-2,384,217$-6,132,835$-9,950,681$-11,575,036
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2004200520062007
Total revenue$10,100,058$9,715,617$11,309,959$11,359,802
Total revenue, gains, and other support per audited financial statements$10,100,058$9,715,617$11,309,959$11,359,802
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2004200520062007
Total expenses$12,131,912$13,464,235$15,127,805$12,984,157
Total expenses and losses per audited financial statements$12,131,912$13,464,235$15,127,805$12,984,157
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$11,359,802
Program service revenue
Program service revenue 1000000$000$0$11,359,802
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
680645793100%$0$21,360,193
752713777100%$-308,957$9,332,378
205577972100%$0$13,737,274
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
2003200420052006
Total$0$10,100,058$9,715,617$11,309,959
Gifts, grants, and contributions received$0$0$0$1,233,250
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$10,098,531$9,708,336$10,076,709
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$1,527$7,281$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2010)
Total revenue$10,213,405
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$6,578,204
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$3,635,201
Statement of Functional Expenses (for 2010)
Total functional expenses$10,517,582
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$353,979
Professional fundraising services$0
Other$10,163,603
Balance Sheet (for 2010)
Total assets$41,708,462
Total liabilities$58,852,699
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$50,323,927
Unsecured notes and loans payable to unrelated third parties$0
Other$8,528,772
Total net assets or fund balances$-17,144,237
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010)
2006 - 2010 Total
Total support$52,818,556
Gifts, grants, contributions, and membership fees received$1,733,250
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$46,005,464
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Other$5,079,842
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Jefferson County Assisted Housing Corp500 Office Park Dr Ste 300, Mountain Brk, AL 35223-2436AL1990-02$469,131,007
2Presbyterian College503 S Broad St, Clinton, SC 29325-2865SC1944-01$68,191,198
3West Side Federation For Senior Housing Inc2345 Broadway 2nd Fl, New York, NY 10024-3213NY1978-03$27,635,517
4Hope Network, Alternative Community Living Inc70 Lafayette St, Pontiac, MI 48342-2033MI1987-04$23,071,987
5Ahc Inc2230 Fairfax Dr Apt 300, Arlington, VA 22201-6618VA1976-08$15,383,324
6Self Help Enterprises8445 W Elowin Ct, Visalia, CA 93291-9262CA1965-04$13,513,804
7Foundation Communities Inc3036 S 1st Street 200, Austin, TX 78704-6352TX1990-05$12,737,792
8Habitat For Humanity International Inc, New York City Hfh111 John St Fl 23, New York, NY 10038-3109NY1987-01$12,081,898
9Comunidad Corporation17194 Preston Rd Ste 102-39, Dallas, TX 75248-1221TX1995-09$10,590,763
10Ark Assessment Center And Emergency Shelter For Youth12960 Leopard St, Corp Christi, TX 78410-4510TX1998-03$1,310,355
11Habitat For Humanity Of San Antonio Inc311 Probandt, San Antonio, TX 78204-1745TX1987-01$14,114,827
12Hispanic Housing And Education Corp8045 Antoine Ste 116, Houston, TX 77088-4348TX1991-10$12,212,673
13Houston Habitat For Humanity Inc3750 N Mccarty St, Houston, TX 77029-1046TX1987-01$9,282,945
14Habitat For Humanity International Inc, Trinity3345 S Jones St, Fort Worth, TX 76110-4312TX1987-01$8,737,474
15Avenue Community Development Coporation2505 Washington Ave Ste 400, Houston, TX 77007-6044TX1993-01$4,749,348
16Brownson Home IncPO BOX 2022, Victoria, TX 77902-2022TX1939-07$3,910,144
17New Hope Housing Inc1117 Texas St, Houston, TX 77002-3113TX1993-09$3,439,276
18Azteca Economic Developement Corporation, Azteca Apartments910 E Jones, Dimmitt, TX 79027-2209TX1991-05$3,003,354
19Concho Village Charitable Trust804 Ford St, San Angelo, TX 76905-7880TX1974-09$2,842,166
20Proyecto AztecaPO BOX 27, San Juan, TX 78589-0027TX1992-01$2,675,044
Number of organizations performing similar types of work
Alaska3
Alabama26
Arkansas24
Arizona22
California196
Colorado35
Connecticut24
District of Columbia19
Delaware3
Florida83
Georgia43
Hawaii12
Iowa17
Idaho3
Illinois81
Indiana43
Kansas14
Kentucky57
Louisiana26
Massachusetts81
Maryland44
Maine14
Michigan71
Minnesota47
Missouri35
Mississippi13
Montana4
North Carolina87
North Dakota3
Nebraska26
New Hampshire10
New Jersey59
New Mexico9
Nevada3
New York183
Ohio113
Oklahoma15
Oregon11
Pennsylvania106
Rhode Island14
South Carolina36
South Dakota10
Tennessee37
Texas113
Utah6
Virginia49
Vermont10
Washington28
Wisconsin42
West Virginia10
Wyoming3
International6
Total2,029

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