2025-11-17T15:21:46-08:00 2024-12-31 454333899 GKSR PLLC 16250 Knoll Trail Drive Suite 207 Dallas TX 75248 990 2024-01-01 752441404 Plano Housing Corporation PLAN 2149061085 6417 Avalon Woods McKinney TX 75072 Jean Brown Executive Dir. 2025-11-17 true true Joe M Kelley P00366269 9722486646 X 2024 2025-03-06 01:10:19Z Jean Brown 6417 Avalon Woods McKinney TX 75072 729397 false X www.planohousingcorporation.org X 1992 TX Plano Housing Corporation, The Organization, is involved in construction of not-for-profit housing and urban rehabilitation, in cooperation and coordination with the City of Plano, TX for the acquisition, establishment, improvement, and maintenance of housing to benefit all citizens and residents of the City of Plano, TX. 3 0 1 45 0 50000 0 243067 597001 100113 132396 0 393180 729397 0 0 241359 175145 0 0 300434 378873 541793 554018 -148613 175379 4443149 4628528 25000 35000 4418149 4593528 Plano Housing Corporation, The Organization, is involved in construction of not-for-profit housing and urban rehabilitation, in cooperation and coordination with the City of Plano, TX for the acquisition, establishment, improvement, and maintenance of housing to benefit all citizens and residents of the City of Plano, TX. false false 301129 The purpose of Plano Housing Corporation (PHC)is to become involved in construction of not-for-profit housing and urban rehabilitation in Collin County, Texas, in cooperation and coordination with the city of Plano, Texas for the acquisition, establishment, improvement, and maintenance of housing to benefit all citizens and residents of the City of Plano, Texas and especially those persons disadvantaged in any way. Plano Housing Corporation through Plano Family 001, LP has purchased land in downtown Plano and closed on the property July 31, 2019 and construction began in August 2019 on the one hundred thirty-nine (139) units of Phase One Patriot Park. Patriot Park is available to the general population, but with preferences for artists and for Veterans. This is the first phase of a two phase project which will have a minimum of two-hundred twenty (220) units in total. As of year end 2020 Patriot Park is approximately seventy-five percent (75%) complete with an estimated date of completion and one hundred percent (100%) occupancy in mid 2021. Predevelopment work has started on Phase II for Patriot Park for the remaining additional eighty-one (81) units. Veranda 40 Town-homes land was purchased and exchange of 2016 credits to 2018 credits were approved in May 2018 by the TDHCA. Construction to build forty (40) townhomes for workforce housing in North Plano, Texas started in March 2019. In September of 2020 Veranda Town homes' forty (40) units were completed and certificates of occupancy granted by the City of Plano, Texas. Veranda Townhomes are one-hundred percent (100%) Project Based Walker Vouchers with a twenty (20) year contract. By November 2020 Veranda Townhomes were one-hundred percent (100%)leased. Douglas Visions (a Plano, Texas nonprofit) was engaged to provide social services to the residents of Patriot Park and Veranda Townhomes. Douglass Visions has deep roots in the community and a excellent history of serving the City of Plano, Texas. The teams in place will assure upward mobility for the residents living in Patriot Park and Veranda Townhomes. Integrating these families into the community and connecting with services needed will be paramount to their success and the success of these properties.Patriot Park and Veranda Townhomes continue to remain one-hundred percent (100%) occupied in 2021. Plano Housing Corporation has invested proceeds for the needs of these residents during the Covid pandemic working with local individuals and other nonprofit organizations.Phase II of Patriot Park vacant land was sold in 2021. PHC completed predevelopment on the site including approved site plan to facilitate the sale of the property. Proceeds from the sale of the property were placed in certificates of deposits. PHC started receiving developer fees on Veranda and Patriot Park and was able to make donations to the community in order to fulfill its promise to the community for supporting Veranda and Patriot Park.Predevelopment and market analysis continues on potential Eco homes in Garland, TX with Citi Salutes. Volunteer hours from individuals in the community, Citibank, and Douglas Visions were over two thousand (2,000) hours. This number was less than prior years due to Covid restrictions.In 2023 the PHC board of directors and the executive director continued to be involved in the day to day operations of Patriot Park and Veranda Townhomes. They worked with Legacy Church and Citibank volunteers to provide social services, stock food pantries, provide rental assistance, and other activities for the residents as well as mentoring life skills to the residents. Plano Housing Corporation provides outreach to the local community and other nonprofit organizations. PHC has continued its support of local nonprofits in Collin County Texas through donations to assist those in need in order to honor its commitment to the Plano Texas City Council. Plano Housing Corporation continued its annual Christmas drive to provide food and presents to not only its residents but also to others in the community that needed assistance. In cooperation with Legacy Church approximately one thousand (1,000) man hours were provided to feed the residents of Patriot Park. In 2024 and 2023 Citi Bank provided over thirteen hundred and eight hundred (800) hours, respectively to Veranda and Patriot Park to the benefit of those residents. In addition to the above, over five-hundred (500) man hours were provided by residents of the properties and the local community for afternoon tutoring and mentoring to the children and adults of Patriot Park and Veranda Townhomes. Plano Housing Corporation continued supporting nonprofits on the front line of preventing and helping the homeless in downtown Plano, Texas by providing financial assistance. In 2023 a marked improvement was noted in the properties due to the maintenance efforts and additional investment in the property. PHC continues to strive to make the low income properties, Patriot Park and Veranda Townhomes, model communities in terms or maintaining the properties themselves and also serving the residents. In 2024 a jobs training program was initiated for tax credit property management by PHC onsite at Patriot Park and Veranda Townhomes. Trained personnel continues to be a huge issue in the Plano, TX area and as such PHC is investing in training and also hired industry consultants to facilitate training. The summer intern program was facilitated for high school students to come onsite at the properties to create and manage activities for the children living at the properties. It is a huge benefit to the properties to have the kids entertained and provide education series for the kids such as nutrition, exercise and maintaining healthy habits. PHC made a commitment to the Plano City Council in 2019 that if a tax credit allocation was received for the two properties, Patriot Park and Veranda Townhomes, PHC would donate/invest up to fifty percent (50%) of proceeds/developer fees to other nonprofits or those in need for the first five years. 2025 will conclude this commitment; however, if cash flow continues to be positive, PHC in all likely hood will continue to support the community with the proceeds. This includes emergency assistance and rental assistance as well as donations to other nonprofits. 301129 true false false false false false false false false false true false false true true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 false 1 true false false false false false false false 0 false false false false false false false X 3 0 false false false false false false false true true false false true true true true true true true true false X X Jean Brown 2149061085 6417 Avalon Woods McKinney TX 75072 Jean Brown Executive Dir. 30.00 0.00 X X 160000 0 0 Jessica Steep Vice President 5.00 0.00 X 0 0 0 Bonnie Sanchez Treasurer 5.00 0.00 X 0 0 0 160000 1 false true false 0 0 Housing and Urban Rehab 230000 597001 597001 597001 132396 132396 0 0 0 0 0 0 0 0 729397 597001 132396 0 0 0 0 160000 160000 0 0 0 2905 2905 12240 12240 0 29594 29594 7000 7000 0 0 0 30486 30486 0 4585 4585 0 0 0 0 0 0 0 0 6079 6079 12271 12271 Contributions / emergency asst 138369 138369 Property taxes 48387 48387 Program Costs 48065 48065 Engineering / materials / repa 34087 34087 19950 19950 554018 301129 252889 0 0 2886311 3834955 0 0 0 0 0 0 0 59251 50137 15193 9114 0 0 0 0 1541645 784459 4443149 4628528 25000 35000 25000 35000 X 4418149 4593528 4418149 4593528 4443149 4628528 175379 X false true X false false X 1438289 2500 50000 1490789 0 0 1438289 2500 50000 1490789 0 1490789 0 0 0 1490789 X 0.00000 3678 3678 55573 46459 9114 9114 Advance to affilate Deposits 424 Developer fees receivable 93596 Mortgages receivable 690438 Rounding 1 784459 Short Term Loan 35000 35000 false false false false false false false false false Jean Brown Executive Dir. 160000 160000 Form 990, Part VI, Section B, Line 11b A copy of Form 990 is available for review at the office of Plano Housing Corporation. Form 990, Part VI, Section B, Line 12c Plano Housing Corporation consistently monitors and enforces compliance with the conflict of interest policy by reviewing all transactions. Form 990, Part VI, Section B, Line 15a The Board evaluates outside compensation for similar positions in determining a reasonable competitive compensation for the CEO. Form 990, Part VI, Section B, Line 15b At present the organization has one employee, the CEO. In the future if and when additional employees are added, the Board of Directors will apply the same stringent guidelines in determining reasonable compensation. Form 990, Part VI, Section C, Line 18 Form 990 is available to the public upon request at the office of Plano Housing Corporation. Form 990, Part VI, Section C, Line 19 The Organization's governing documents, conflict of interest policy, and financial statements and audit are made available upon request at the office of Plano Housing Corporation. In addition, financials, the financial audit, Form 990 Return of Organization Exempt from Income Tax, and other information are posted and available on Guidestar for public viewing.