2025-04-15T11:57:58-07:00 2024-09-30 752593210 Sutton Frost Cary LLP 200 E Front St Suite 200 Arlington TX 76011 990 2023-10-01 752399903 HOUSING CHANNEL HOUS 8179245091 851 GRAINGER ST FORT WORTH TX 76104 DONNA VANNESS President 2025-04-15 true true Carroll Elizabeth Arnott P01965628 8176498083 2023 2025-03-06 01:10:19Z X DONNA VANNESS 851 GRAINGER ST FORT WORTH TX 76104 9970304 false X WWW.HOUSINGCHANNEL.ORG X 1991 TX Revitalize distressed neighborhoods in Tarrant County and throughout Texas communities in need and increase the amounts of decent, affordable housing available to lower income families and individuals with special needs. 12 12 13 12 0 753844 988467 3198386 2918484 3763560 1337461 -975474 -33008 6740316 5211404 33457 0 0 1642877 1621804 0 30363 3534079 3067997 5210413 4689801 1529903 521603 57094738 61261875 15992523 12199060 41102215 49062815 X Revitalize distressed neighborhoods in Tarrant County and throughout Texas communities in need and increase the amounts of decent, affordable housing available to lower income families and individuals with special needs. true false 3960299 6425434 Acquisition/Rehabilitation/Resale (Housing Rehab): The purpose of Housing Channels Housing Rehab program is to renovate dilapidated housing stock, improve the overall viability of local neighborhoods, and create quality, affordable housing opportunities for low to moderate income families. This program impacts local redevelopment efforts by providing the community with stabilized property values and decreased renter-occupied housing to promote the revitalization of distressed neighborhoods. Additionally, these efforts impact the broader community by decreasing neighborhood crime, generating tax revenue, creating jobs, and eliminating blight, which furthers the sustainability of older neighborhoods and deteriorating urban areas. As a HUD approved affordable housing provider, HC has been able to acquire, rehabilitate and resell hundreds of units throughout Tarrant County and North Texas in an effort to preserve existing housing stock.New Construction: HC partners with local stakeholders to assist their efforts on the revitalization of some of the cities' oldest urban, inner-city neighborhoods through infill development of new single family homes to create affordable housing opportunities for lower income households. To help ensure long term sustainability for the homebuyer, HC utilizes pioneering green building techniques to generate greatly reduced utility bills, increase air quality and provide healthier indoor atmosphere, and lower the effect to the environment. The impact of these projects have resulted in the increase in job creation; decrease of vacant, blighted infill lots; the stabilization of property values in target neighborhoods; an increase in the supply of affordable housing; and a positive impact on local revitalization efforts as it prevents further neighborhood decline. Affordable Rental: HC owns and professionally manages 240 multifamily units throughout Tarrant County. Units are leased at affordable rents primarily to very low- and low-income households. Many tenants are single-parents, struggling to find a safe, affordable, and pleasant environment for their children. HC takes great pride in maintaining these properties at high quality standards. As quality, affordable rental units are in high demand due to tighter mortgage qualification requirements, and low vacancy rates, tenants are encouraged to take advantage of free budget and credit counseling services offered at HC to move toward an opportunity for improved credit and homeownership opportunities. 3960299 true true false false false false false false true false true false false true true true false true false false false false false false false false false false false true false false false false false false false false true false false false true true false false true true 54 0 true 13 true false false false false false false false 0 false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true true true X JILL CARTWRIGHT 8179245091 851 GRAINGER ST FORT WORTH TX 76104 DONNA VANNESS President 40.00 0.00 X 202419 0 14977 COURTNEY GARNER LEWIS Director 3.00 0.00 X 0 0 0 JOHN VALLANCE Treasurer 3.00 0.00 X X 0 0 0 CHRISTOPHER BRIM Director 3.00 0.00 X 0 0 0 KEN ADAIR Director 3.00 0.00 X 0 0 0 REGINALD MCCANTS Director 3.00 0.00 X 0 0 0 GREER CHRISTIAN VICE CHAIR 3.00 0.00 X X 0 0 0 STEPHEN RANDY TURNER Director 3.00 0.00 X 0 0 0 JEROME JOHNSON Director 3.00 0.00 X 0 0 0 JOEL BURNS Chairman 3.00 0.00 X X 0 0 0 MONICA VASQUEZ Secretary 3.00 0.00 X X 0 0 0 STACY MARSHALL Director 3.00 0.00 X 0 0 0 BRANDY O'QUINN Director 3.00 0.00 X 0 0 0 202419 14977 1 false true false MKG HOMES 6749 BENNETT LAWSON RD MANSFIELD TX 76063 CONSTRUCTION 761287 SYB CONSTRUCTION 421 COMPTON AVE IRVING TX 75061 CONSTRUCTION 737317 FIREFLY EARTHWORKS 1507 SULLIVAN DR DALLAS TX 75215 CONSTRUCTION 327916 C&F CONSTRUCTION 4033 HEARTHSTONE DR MESQUITE TX 75150 CONSTRUCTION 178423 KB FAMILY ROOFING & CONSTRUCTION 990 US 287 FRONTAGE RD STE 106-289 MANSFIELD TX 76063 CONSTRUCTION 177181 8 831996 156471 68564 988467 consulting fees 541610 300 300 DEVELOPER FEES 531390 149531 149531 MANAGEMENT FEES 541200 359219 359219 PROCESSING FEES 531390 73388 73388 RENTAL INCOME 531110 2336046 2336046 2918484 534098 534098 0 0 0 1990841 1187478 803363 803363 803363 0 0 3506950 3571422 -64472 -64472 OTHER INCOME 900099 31464 31464 31464 5211404 2885476 1337461 0 0 0 0 217396 152177 61528 3691 0 1218202 852744 342299 23159 19958 13970 5602 386 104239 72967 29306 1966 62009 43406 17442 1161 0 58550 58550 33000 33000 0 0 0 103418 103418 10090 8879 1211 48610 43310 5300 0 0 562646 557874 4772 0 0 14894 13107 1787 228506 228506 0 823461 772096 51365 465234 409406 55828 CLOSING COSTS/BROKER'S FEES 472444 472444 PROPERTY TAXES 192733 192733 MISCELLANEOUS 35413 15762 19651 DUES & SUBSCRIPTIONS 18998 7500 11498 0 4689801 3960299 699139 30363 3553834 5334809 0 128200 160833 41688 84871 0 0 0 5273252 6762690 250831 0 15349335 6679847 10274648 8669488 29034782 35255222 0 0 18954 15162 8518549 4978800 57094738 61261875 694321 626353 156181 104119 14388146 8398375 688912 64963 3070213 15992523 12199060 X 41102215 49062815 41102215 49062815 57094738 61261875 X 521603 6220440 -412723 1631280 X false true X true true true X 767279 2226333 2904996 753844 988467 7640919 0 0 767279 2226333 2904996 753844 988467 7640919 2820459 4820460 361755 384974 534098 1280827 0 12432 11403 31464 55299 8977045 41239707 0.53700 0.92340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 959762 959762 6255967 2496383 3759584 8018917 4106480 3912437 65039 44287 20752 49650 32697 16953 8669488 iNVESTMENT IN NMTC 4350560 OTHER ASSETS 628240 4978800 REFUNDABLE ADVANCE 3000000 SECURITY DEPOSITS 70213 3070213 X 16704050 6220440 69504 5202702 11492646 5211404 5211404 8330727 69504 3571422 3640926 4689801 4689801 Part X : FIN48 Footnote HOUSING CHANNEL is exempt from federal income taxes under section 501(c)(3) of the IRC and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organizations exempt purposes is subject to tax under IRC Section 511. The Organization had no unrelated business income for the year ended September 30, 2024. Accordingly, no provision has been made for federal income tax in the accompanying consolidated financial statements. Single member limited liability companies are disregarded as an entity separate from its owner. GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax returns and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of September 30, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 COST OF HOMES SOLD $3571422 gain on forgiveness of nmtc $1631280 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF HOMES SOLD $3571422 X X false false false false false false false false false DONNA VANNESS President 159775 42644 7074 7903 217396 X Build. Material 7 68564 fmv false false false Form 990, Part III, Line 2 Housing Channel assisted the Rainwater Charitable Foundation to help establish the Fort Worth Community Land Trust to ensure affordability of housing in perpetuity. Housing Channel is partnering with RCF and the FWCLT to redevelop the Southwestern Baptist Theological Center housing campus for future homeownership opportunities for low to moderate income households. Homes will be sold under the FWCLT program which provides a 99-year ground lease and resale restrictions. Form 990, Part VI, Section B, Line 11b THE 990 IS PROVIDED BOTH TO THE FINANCE COMMITTEE AND BOARD PRIOR TO FILING. WHERE PRACTICAL, THE 990 IS PRESENTED DURING THE REGULARLY SCHEDULED MEETING. IF NOT, IT IS SENT ELECTRONICALLY FOR REVIEW, QUESTIONS, AND DISCUSSION. Form 990, Part VI, Section B, Line 12c Monitoring and Compliance Procedures for Conflict of Interest Policy: HC's conflict of interest policy is designed to help directors, officers, employees and volunteers of the Housing Channel, Inc. identify situations that present potential conflicts of interest and to provide Housing Channel, Inc. with a procedure to appropriately manage conflicts in accordance with legal requirements and the goals of accountability and transparency in Housing Channel, Inc. operations.Monitoring Procedures: Housing Channel has arranged for the supervision and/or functional segregation of each director, officer, employee and volunteer and/or performance of carrying out organizational activities where the interests of each director, officer, employee and volunteer and Housing Channels interests may conflict. These steps are designed to prevent the simultaneous involvement of a relevant person in separate services or activities where such involvement may impair the proper management of conflicts.Prior to board or committee action on a Contract or Transaction involving a Conflict of Interest, a director or committee member having a Conflict of Interest and who is in attendance at the meeting shall disclose all facts material to the Conflict of Interest. Such disclosure shall be reflected in the minutes of the meeting. If board members are aware that staff or other volunteers have a conflict of interest, relevant facts should be disclosed by the board member or by the interested person him/herself if invited to the board meeting as a guest for purposes of disclosure.The President will monitor proposed or ongoing transactions of the organization (e.g., contracts with vendors and collaborations with third parties) for conflicts of interest and disclose them to the board and staff, as appropriate, whether discovered before or after the transaction has occurred.In the event it is not entirely clear that a Conflict of Interest exists, the individual with the potential conflict shall disclose the circumstances to his or her supervisor or the Chair or the Chair's designee, who shall determine whether full board discussion is warranted or whether there exists a Conflict of Interest that is subject to this policy.Policy Reviewa) Each director, officer, employee and volunteer shall be provided with and asked to review a copy of the Policy and to acknowledge in writing that he or she has done so.b) Annually each director, officer, employee and volunteer shall complete a disclosure form identifying any relationships, positions or circumstances in which he/she is involved that he or she believes could contribute to a Conflict of Interest. Such relationships, positions or circumstances might include service as a director of or consultant to another nonprofit organization, or ownership of a business that might provide goods or services to Housing Channel Inc. Any such information regarding the business interests of a director, officer, employee or volunteer, or a Family Member thereof, shall be treated as confidential and shall generally be made available only to the Chair, the Executive Director, and any committee appointed to address Conflicts of Interest, except to the extent additional disclosure is necessary in connection with the implementation of this Policy.c) The policy shall be reviewed annually by each member of the Board of Directors. Any changes to the policy shall be communicated to all staff and volunteers. Form 990, Part VI, Section B, Line 15a Executive Director Compensation Policy Line 15a&b, General Policy:Housing Channel has an Executive Director Compensation Policy. The policy requires the Executive Committee to meet at least annually to review changes to compensation and benefits for the President. The review will include a review of the prior year's performance and the goals and objectives established for the upcoming year. The Executive Committee will obtain a salary survey of comparable positions in area nonprofits to determine comparability of compensation. Members of the executive committee make an independent review and approval of the annual compensation and benefits of the President.This process is required for the President and the Vice President positions.Housing Channel's Personnel Policies and Procedures were originally approved March 8, 2000 and amended February 20, 2004 and September 10, 2014. With regard to Executive Director Compensation, it states under Section XII - Working Conditions, Policies and Procedures, "Salary changes of the President and Vice President will be subject to Board approval and must be in writing/email from the Board Chair before funds can be disbursed."Approval is documented in the board minutes. Form 990, Part VI, Section C, Line 19 THESE ITEMS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 GAIN FROM FORGIVENESS OF NMTC = $1631280 PARTNERSHIP REALTY SERVICES LLC 851 GRAINGER ST FORT WORTh TX 76104 455273533 REAL ESTATE SALE AND MANAGEMENT TX 186519 90483 HOUSING CHANNEL HOUSING CHANNEL FOUNDATION 851 GRAINGER ST FORT WORTH TX 76104 920520205 SUPPORT HOUSING CHANNEL TX 501(C)(3) 12 A N/A false false false true false false false false false false false false false false true true false false true false HOUSING CHANNEL FOUNDATION c 510321 CASH PAID HPN LEVERAGE II LLC 201 ST CHARLES AVE STE 4400 NEW ORLEANS LA 70170 752399903 AFFORDABLE HOUSING LA true 33527 3352682 false false 0.33330 HPN LEVERAGE VII LLC 201 ST CHARLES AVE 4400 NEW ORLEANS LA 70170 863867448 AFFORDABLE HOUSING LA true 43505 4350560 false false 0.21430