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Nonprofit · EIN 75-2441404

PLANO HOUSING CORPORATION

Tax-exempt · LEWISVILLE, TX 75056

Financials

$393K$542K2023$729K$554K2024
Revenue Expenses · by fiscal year end
Financials of PLANO HOUSING CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$729,397$554,018$175,379$4,628,528$35,000$4,593,528
December 31, 2023990$393,180$541,793-$148,613$4,443,149$25,000$4,418,149
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$597,001
Investment income
$132,396
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$160,000
Salaries, compensation and benefits (total)
$175,145
Professional fundraising fees
$0
Legal fees
$29,594
Accounting fees
$7,000
Depreciation
$6,079
Program services (functional)
$301,129
Management and general (functional)
$252,889

Balance sheet and other

Total assets, start of year
$4,443,149
Total assets, end of year
$4,628,528
Total liabilities, end of year
$35,000
Net assets, end of year
$4,593,528
Land, buildings and equipment
$9,114
Net assets without donor restrictions
$4,593,528
Gross receipts
$729,397
Employees
1
Volunteers
45
Year formed
1992
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Jean BrownExecutive Dir.
Trustee or director, Officer
30$160,000
Jessica SteepVice President
Trustee or director
5$0
Bonnie SanchezTreasurer
Trustee or director
5$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Jean BrownExecutive Dir.
Trustee or director, Officer
30$130,000
Jessica SteepVice President
Trustee or director
5$0
Bonnie SanchezTreasurer
Trustee or director
5$0

Address and contacts

Address (IRS master file)
2320 KING ARTHUR BLVD, LEWISVILLE, TX 75056-5641
Principal officer (990 for 2024)
Jean Brown, 6417 Avalon Woods, McKinney, TX 75072
Signed the 990
Jean Brown, Executive Dir.
Phone
(214) 906-1085
Return prepared by
GKSR PLLC

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $301,129

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-2441404
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1992
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,628,528
Income (IRS master file)
$729,397

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$729,397$554,018$4,628,528XML
990December 2023$393,180$541,793$4,443,149XML
990December 2022$51,344$961,543$4,616,762IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2441404).

Questions about PLANO HOUSING CORPORATION

What is the EIN of PLANO HOUSING CORPORATION?
The employer identification number (EIN) of PLANO HOUSING CORPORATION is 75-2441404.
Is PLANO HOUSING CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
Are donations to PLANO HOUSING CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PLANO HOUSING CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PLANO HOUSING CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PLANO HOUSING CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PLANO HOUSING CORPORATION?
The 990 for the year ended December 31, 2024 names Jean Brown.
Who are the officers and directors of PLANO HOUSING CORPORATION?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $160,000 (Jean Brown, Executive Dir.).
How much revenue does PLANO HOUSING CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $729,397, expenses of $554,018 and total assets of $4,628,528 at year end.

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