Overview
What is Trec Community Investors?
Trec Community Investors is a nonprofit organization situated in Dallas, Texas. Their primary focus lies in neighborhood revitalization, collaborating with other community organizations to foster job and wealth creation, as well as community ownership and leadership opportunities in low to moderate income communities. By providing access to flexible capital and leveraging their real estate expertise, Trec Community Investors aims to invigorate neglected neighborhoods and bring about substantial change in the communities they serve. With a team of six dedicated individuals, their mission is to work hand-in-hand with underserved communities, investing in disinvested areas and creating a lasting impact.
Official website here: www.treccommunityinvestors.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 91% - Four-Star out of Four Stars -Star rating
Trec Community Investors has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts a high level of independent board members and has received perfect scores in various financial oversight categories, indicating robust governance and financial health. Their program expense ratio is notably high, demonstrating effective allocation of funds toward their mission.
While the organization excels in many areas, it also received a lower score in the Culture and Community category, with a score of 81 out of 100. This suggests there may be room for improvement in fostering community engagement or in the inclusivity of their equity strategies. However, the overall financial stability and effective management practices of Trec Community Investors position it as a reliable nonprofit in the sector.
The organization has implemented several important policies, such as conflict of interest and whistleblower protections, which enhance its accountability framework. With a low fundraising efficiency ratio indicating minimal costs associated with fundraising, Trec Community Investors appears to prioritize its mission and maintain transparency with stakeholders, reinforcing its reputation as a trustworthy charity.
This AI summary has been generated from information found on Charity Navigator.
Is Trec Community Investors legitimate?
Trec Community Investors is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trec Community Investors submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $385,802
Professional Fundraising Fees: $0
Other Salaries and Wages: $659,487
For more financial information, click here
Official website here: www.treccommunityinvestors.org
What is the mission statement of Trec Community Investors?
Trec Community Investors is committed to collaborating with underserved communities to revitalize neglected areas and positively impact lives. They achieve this by providing flexible capital and leveraging real estate expertise. Trec Community Investors is dedicated to building a lasting impact in the communities they serve, focusing on initiatives such as job and wealth creation, as well as community ownership and leadership opportunities in low to moderate income neighborhoods. They partner with other community organizations to facilitate these objectives.
Official website here: www.treccommunityinvestors.org
Who is the CEO of Trec Community Investors?
Linda Mcmahon is the CEO of Trec Community Investors The CEO's salary of Trec Community Investors is $241,038 and their total compensation is $498,398.
Official website here: www.treccommunityinvestors.org
What is the revenue of Trec Community Investors?
Trec Community Investors's revenue in 2023 was $3,169,420.
Official website here: www.treccommunityinvestors.org
Who are the executives of Trec Community Investors and what are their salaries?
The average compensation at Trec Community Investors during 2023 was $174,215. There are 6 employees and 120 volunteers at Trec Community Investors.
Here are 28 key members and their salaries (Trec Community Investors's CEO's salary is $241,038 and their total compensation is $498,398):
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- Compensation: $241,038
- Related: $241,038
- Other: $16,322
- Compensation: $127,110
- Related: $127,110
- Other: $18,990
- Compensation: $119,247
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- Other: $10,626
- Compensation: $35,114
- Related: $70,229
- Other: $25,776
- Compensation: $42,016
- Related: $63,025
- Other: $9,930
Official website here: www.treccommunityinvestors.org
Where can I find the form 990 for Trec Community Investors?
Trec Community Investors's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.treccommunityinvestors.org
Learn more at the official website: www.treccommunityinvestors.org
Mission Statement of Trec Community Investors
Trec Community Investors is an organization that aligns itself with underserved communities, dedicating its efforts to revitalize neglected neighborhoods and positively impact lives. By providing flexible capital and leveraging its real estate expertise, Trec Community Investors makes a steadfast commitment to generating lasting change in the communities it serves. The organization's mission is to collaborate with these communities, investing in disinvested areas, revitalizing neighborhoods, and ultimately transforming lives. Its primary focus is on fostering job creation and wealth generation, as well as encouraging community ownership and leadership opportunities within low to moderate income communities.
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Impact
July, 2024
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, TREC CI partners with other community organizations to focus on job and wealth creation, community ownership, and leadership opportunities in low to moderate-income communities. Their work in neighborhood revitalization has a significant impact on the communities they serve in Dallas, TX by actively working towards building a lasting impact through various initiatives.
This information is meant to be a general summary of Trec Community Investors. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $296,041
- Program Service Revenue: $650,663
- Gross Receipts: $4,770,581
Assets and Liabilities:
- Total Assets: $10,382,604
- Total Liabilities: $3,136,693
- Net Assets: $7,245,911
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$379,695
DALLAS HOUSING OPPORTUNITY FUND F
Revenue
$192,500
LOAN REVENUE
Revenue
$78,468
Organization Details
Founding Year
2011
Principal Officer
Summer Loveland
NTEE Category
Code: P20 - Human services
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