NonprofitsTexas Homes Community Development Financial Institution

Community Improvement & Capacity Building

Texas Homes Community Development Financial Institution

GARLAND, TX

Total revenue

$75K

Total expenses

$10K

Net assets

$65K

Grants received

EIN

994258898

Tax year

2024

Mission

The corporation is organized and shall operate exclusively for charitable purposes and any other purpose described in Section 501c3 of the Internal Revenue Code the Code or any corresponding provisions of future United States Revenue Laws. Subject in any event to the foregoing the specific purposes of the corporation shall include without limitation: to operate as a Community Development Financial Institution CDFI certified by the Community Development Financial Institutions Fund the CDFI Fund in order to engage in mortgage loan origination as a loan fund that provides financing to affordable housing providers and financing and technical assistance to small businesses microenterprises affordable housing developers and or community service and development organization all for the purpose of providing services that expand homeownership opportunities to underserved individuals and families consistent with the requirements and guidelines of the CDFI Programs.

Financials

FY 2024

Revenue

Contributions & grants$75K
Program service revenue
Investment income$208
Other revenue
Total revenue$75K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$10K
Total expenses$10K
Total assets$65K
Net assets$65K

People

3 listed

NameRoleCompensation

{"_":"Richard L Buquet II","attributes":{"referenceDocumentName":"CompensationExplanation"}}

President CEO

Board

10 hrs/wk

{"_":"Cameron Johnson","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Chairman

Board

10 hrs/wk

{"_":"Josh Kesterson","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Vice Chairman

Board

10 hrs/wk

Details

EIN994258898
NTEE codeS31
Subsection03
Ruling date2025-07
TEXAS HOMES COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION — Mission, Financials & Grants Received | Grantivo